It is nominal GDP, when you make such graphic with Purchasing-Power it is even more devastating to USA.
Simple explanation: The USA lacks about 26 Trillion $ in economic output to "play glorious Empire" like it did in 2nd half of 20th century, when most of world were either 3rd world or were recovering from WW2.
The World simply outgrew the USA, and just look at the growth-rates of China, Brazil, India etc etc and add to that the debt-problems of USA.
Simple explanation: The USA lacks about 26 Trillion $ in economic output to "play glorious Empire" like it did in 2nd half of 20th century, when most of world were either 3rd world or were recovering from WW2.
The World simply outgrew the USA, and just look at the growth-rates of China, Brazil, India etc etc and add to that the debt-problems of USA.
Last edited: