The Global Economy Estimated at $115 Trillion
International Monetary Economics
The global economy is currently valued at approximately $115 trillion in nominal GDP. This value is expected to continue growing, with projections suggesting it could reach $115 trillion by the end of 2025. The International Monetary Fund (IMF) estimates a global growth rate of 3.1% in 2024 and 3.2% in 2025. International economics is the study of economic interactions between countries, focusing on trade, finance, and the global economy. It examines how countries engage in international trade, capital flows, and investment, and the policies that impact these interactions.
Understanding Global Economy
The global economy refers to the interconnected system of economic activities across the world, encompassing production, consumption, trade, and financial transactions between and within nations.