Econintersect: McKinsey Global Insititute has published a study of the rapid rise in global trade, finance, services and information in the twenty-first century. In 2012 the global flow of goods, services and finance amounted to $26 trillion, more than one-third of global GDP. Among the most dramatic changes has been an 18-fold increase in internet traffic in just seven years.
The 2012 flows of goods, services and finance actually was higher in 2007 than in 2013 as a result of an outsized flow in finance. In 2008 and 2009 there was a sizable contraction in international flows during the Great Recession, again driven more by finance flows than other factors.
The following info graphic is from the executive summary for the report:
Click on the page image below to access the complete report (pdf).
Sources:
- Global flows in a digital age: How trade, finance, people, and data connect the world economy – Executive Summary (James Manyika, Jacques Bughin, Susan Lund, Olivia Nottebohm, David Poulter, Sebastian Jauch and Sree Ramaswamy, McKinsey Global Institute, April 2014)
- Global flows in a digital age: How trade, finance, people, and data connect the world economy – Complete Report (James Manyika, Jacques Bughin, Susan Lund, Olivia Nottebohm, David Poulter, Sebastian Jauch and Sree Ramaswamy, McKinsey Global Institute, April 2014)
