Globalisation has been a major force in shaping the world we live in today. From increased trade and investment to technological advances, globalisation has had an immense impact on our lives. This blog post will explore some of the most interesting statistics about globalisation that demonstrate its far-reaching effects across many aspects of life. We’ll look at how it’s impacted poverty levels, GDP growth, foreign direct investments, value chains and remittances payments as well as international air travel and tourism numbers. Additionally, we’ll examine how globalization is linked to literacy rates around the world and English language usage among other things. Finally, this post will also discuss some of the challenges posed by COVID-19 for global trade networks along with projections for ecommerce sales over 2021.
This statistic is a testament to the positive impact of globalization on poverty reduction. It demonstrates that globalization has been a powerful force in improving the lives of people around the world, and that it has had a tangible effect on reducing poverty. This is an important statistic to consider when discussing the effects of globalization, and it should be taken into account when evaluating the overall impact of globalization on the world.
Today, goods exports make up about 20% of global GDP, which is double the share in 1960.
This statistic is a testament to the power of globalisation; in the span of just 60 years, the share of goods exports in global GDP has more than doubled. This remarkable growth in international trade has had a profound impact on the global economy, creating new opportunities for businesses and consumers alike. It is a clear indication that globalisation is here to stay, and that it will continue to shape the world for years to come.
Globalisation Statistics Overview
Foreign direct investments increased from $7 billion in 1970 to $1.5 trillion in 2017.
This statistic is a testament to the power of globalisation. It shows that foreign direct investments have grown exponentially over the past few decades, indicating that more and more countries are engaging in international trade and investment. This is a clear sign that globalisation is having a positive effect on the world economy, and that it is becoming increasingly interconnected. This is an important statistic to consider when discussing the impact of globalisation on the world.
About 23.5% of world output (GDP) comes from the activities generated by global value chains.
This statistic is a powerful indicator of the impact of global value chains on the world economy. It highlights the importance of globalisation in driving economic growth and development, and the need for countries to be part of the global value chain in order to benefit from the opportunities it provides. It also serves as a reminder of the need for countries to ensure that their policies and regulations are conducive to the growth of global value chains, in order to ensure that they can reap the rewards of globalisation.
Global remittance payments grew to over $783 billion in 2019.
This statistic is a testament to the power of globalisation, demonstrating the immense scale of money being transferred across the world. It highlights the interconnectedness of the global economy, with individuals and businesses relying on international payments to support their livelihoods. This statistic is a reminder of the importance of globalisation and its potential to create economic opportunities for people around the world.
The value of international trade was approximately 56% of global GDP in 2017.
This statistic is a testament to the immense impact of globalisation on the world economy. It highlights the sheer scale of international trade, which has become an integral part of the global economy. This statistic is indicative of the fact that globalisation has enabled countries to benefit from the exchange of goods and services, leading to increased economic growth and development.
In 2017, the world’s largest multinational corporations employed nearly 75 million people.
This statistic is a powerful reminder of the sheer scale of globalisation. It highlights the fact that multinational corporations have become a major force in the global economy, employing a vast number of people across the world. This statistic serves as a reminder of the immense impact that globalisation has had on the world, and the importance of understanding the implications of this phenomenon.
International air passenger numbers increased from 310 million in 1970 to 4.3 billion in 2018.
This statistic is a testament to the power of globalisation. It shows that over the past five decades, the number of people travelling internationally has skyrocketed, indicating that the world is becoming increasingly interconnected. This has had a profound impact on the way we live, work, and interact with each other, and has opened up a world of opportunities for people from all walks of life.
The effects of globalization, such as the spread of new technologies, increased global agricultural production, making grain prices decline by 75% between 1950 and 2000.
This statistic is a powerful illustration of the far-reaching effects of globalization. It demonstrates how the spread of new technologies has enabled increased global agricultural production, resulting in a dramatic decrease in grain prices over the course of 50 years. This is an important statistic to consider when discussing the impact of globalization, as it highlights the potential for increased efficiency and cost savings that can be achieved through global collaboration.
More than 59% of the total world population now uses the internet in 2021, a result of globalization.
This statistic is a testament to the power of globalization, demonstrating how it has enabled the internet to become a ubiquitous part of everyday life for the majority of the world’s population. It highlights the impact of globalization on the way we communicate, work, and access information, and serves as a reminder of the importance of continuing to promote global connectivity.
The World Trade Organization estimates that global trade could drop by between 13% and 32% in 2020 due to COVID-19, significantly impacting globalization.
This statistic is a stark reminder of the devastating effects of COVID-19 on globalisation. It highlights the potential for a significant decrease in global trade, which could have a major impact on the global economy. This statistic is a powerful illustration of the fragility of globalisation and the need for countries to work together to ensure its continued success.
Global literacy rates have risen from 82.9% in 2000 to 86.3% in 2018, partially credited to globalization.
This statistic is a testament to the positive impact of globalization on the world. It shows that, despite the many challenges that come with globalization, it has been able to bring about a significant improvement in global literacy rates. This is an important indicator of the progress that has been made in terms of education and access to knowledge, and it is a powerful reminder of the potential of globalization to bring about positive change.
The global tourism industry now accounts for 10.4% of global GDP and 319 million jobs worldwide.
This statistic is a testament to the power of globalisation and its impact on the tourism industry. It highlights the immense economic contribution of the industry, accounting for 10.4% of global GDP and providing 319 million jobs worldwide. This is a clear indication of the importance of globalisation in creating economic opportunities and connecting people from all over the world.
In 2020, world merchandise trade was valued at $19.5 trillion.
This statistic is a testament to the immense power of globalisation. It highlights the sheer scale of international trade, with goods and services worth $19.5 trillion being exchanged between countries in 2020. This figure is a clear indication of the interconnectedness of the global economy, and the importance of globalisation in facilitating this level of trade.
Global e-commerce sales are expected to reach $4.9 trillion by 2021.
This statistic is a testament to the immense potential of global e-commerce, and serves as a reminder of the ever-growing importance of globalisation in the modern world. It highlights the fact that, as technology continues to advance, the global economy is becoming increasingly interconnected, and that businesses of all sizes are now able to access markets and customers from all around the world. This statistic is a powerful indicator of the opportunities that globalisation can bring, and is an important reminder of the importance of staying up-to-date with the latest trends in globalisation.
As a result of globalization, the cell phone penetration rate in developing countries has gone from 2% in the year 2000 up to 98% in 2020.
This statistic is a powerful testament to the impact of globalization on developing countries. It shows that, in the span of two decades, access to cell phones has become almost universal in these countries, allowing them to stay connected to the world and benefit from the opportunities that globalization has to offer. This statistic is a clear indication of the positive effects of globalization and serves as a reminder of the importance of continuing to promote global connectivity.
Since the 1950s, globalization has contributed to the decline in the average global tariff rate from over 25% to below 5%.
This statistic is a testament to the power of globalization, demonstrating how it has drastically reduced the average global tariff rate over the past few decades. This is significant because it shows how globalization has enabled countries to reduce trade barriers and increase economic cooperation, leading to greater economic growth and development. Furthermore, this statistic highlights the importance of international trade and the need for countries to work together to ensure that global markets remain open and competitive.
Conclusion
Globalisation has had a significant impact on the world economy over the past few decades. Statistics show that poverty levels have decreased by 14% since 1990, goods exports now make up 20% of global GDP compared to 10% in 1960, foreign direct investments increased from $7 billion in 1970 to $1.5 trillion in 2017 and about 23.5% of world output (GDP) comes from activities generated by global value chains. Additionally, remittance payments grew to over $783 billion in 2019 and international trade was approximately 56% of global GDP in 2017 while multinational corporations employed nearly 75 million people worldwide with more than 50 percent of manufacturing trade taking place within their networks. International air passenger numbers also rose significantly from 310 million passengers per year back in 1970 to 4.3 billion passengers annually today as well as an increase internet usage which is now used by 59 percent of the total population globally due largely thanks globalization efforts such as new technologies being spread around the globe leading agricultural production increasing making grain prices decline by 75%. Global tourism industry accounts for 10.4 %of global GDP and 319 million jobs worldwide while e-commerce sales are expected reach 4 .9 trillion dollars this year alone; cell phone penetration rate has gone up 98%, English language spoken by 20 %and average tariff rates declining below 5%. Despite some negative impacts caused mainly due COVID-19 pandemic , it’s clear that globalization continues having positive effects on our lives both economically and socially speaking
References
0. – https://www.piie.com
1. – https://www.economist.com
2. – https://www.oecd.org
3. – https://www.wto.org
4. – https://www.weforum.org
5. – https://www.worldbank.org
6. – https://www.shopify.com
7. – https://www.datareportal.com
8. – https://www.ourworldindata.org
9. – https://www.wttc.org
10. – https://www.unctad.org
11. – https://www.data.worldbank.org
12. – https://www.businessinsider.com
