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12-04-2021 | Coronavirus

Coronavirus: How the pandemic has changed the world economy.

While the long-term impact of this global health crisis may take years to know , its immediate effect has already changed the planet as we all know it. within the following infographics, we break down the newest figures and reports to assist you understand the pandemic’s global repercussions.

Leading causes of death :

At least 2.7 million people worldwide have died from COVID-19. While the leading global causes of death for 2020 haven't been published yet, compared to 2019, COVID ranks among the highest five biggest killers.

In 2019, 55.4 million people died across the world . heart condition killed the foremost people (8.9 million) followed by strokes (6.2 million) and lung disease (3.2 million). Collectively these are referred to as non-communicable diseases, meaning they're not transmitted between people. In contrast, the highly contagious coronavirus may be a disease .

The graphic below shows how one year of coronavirus deaths compares to the leading causes of death in 2019.

In the US, the country with the very best number of COVID-19 deaths, data from the Centers for Disease Control and Prevention shows that the coronavirus has killed more Americans in one year (540,000) than the flu has within the last 10 years combined (368,000).

Mental health :

The WHO estimates that almost one billion people worldwide live with a mental disturbance . In 2019, 703,000 people took their own lives, making suicide the 17th-most common explanation for death. Despite that, countries spend only about 2 percent of their national health budgets on psychological state .

The UN has warned that the COVID-19 pandemic will likely cause a long-term increase within the number and severity of psychological state problems. The evidence regarding the psychological state consequences of lockdowns and social distancing remains being studied. While we've no large-scale data on the effect COVID-19 has had on psychological state globally, several smaller studies (PDF) indicate higher rates of hysteria and depression.

Worldwide lockdowns :

By definition, an epidemic may be a worldwide spread of a disease. it's estimated that quite two-thirds of the planet population has experienced lockdown measures, lasting from weeks to months.

According to data compiled by the Oxford COVID-19 Government Response Tracker, quite 100 countries and territories in 2021 have reintroduced stay-at-home orders with some exceptions like for essential trips, daily exercise or grocery shopping.

The graphic below summarises the duration of nationwide lockdowns over 12 months (January 16, 2020 – January 15, 2021).


Trillions lost :

According to International Bank for Reconstruction and Development estimates, the worldwide economy shrank by 4.3 percent in 2020, wiping out trillions of dollars. Countries already facing economic hardship sank further into debt. A report by Oxfam International (PDF) estimates that it could take quite a decade for the world’s poorest to get over the economic fallout of the pandemic.

On the upside, the planet Bank expects the worldwide economy to expand by 4 percent in 2021 with vaccine rollouts and investments leading the recovery.

The graphic below shows the effect COVID-19 had on the worldwide economy. Every major economy apart from China’s shrank over the course of 2020. Other countries that saw their gross domestic product (GDP) grow include Bangladesh (2 percent), Benin (2 percent), Burundi (0.3 percent), Egypt (3.6 percent), Ethiopia (6.1 percent), Ghana (1.1 percent), Guinea (5.2 percent), Guyana (23.2 percent), Ivory Coast (1.8 percent), Myanmar (1.7 percent), Nepal (0.2 percent), Niger (1 percent), South Sudan (9.3 percent), Tajikistan (2.2 percent), Tanzania (2.5 percent), Turkey (0.5 percent), Uzbekistan (0.6 percent) and Vietnam (2.8 percent).

This by no means suggests that these countries were more happy after the coronavirus, several of them were projected to realize even higher growth before the pandemic with otheried counting on lending to prop their economies.


Global poverty and unemployment :

The coronavirus has disproportionately affected the poor. For the primary time in 20 years, global poverty is probably going to extend significantly. the planet Bank estimates the coronavirus has pushed between 119 and 124 million people into extreme poverty, making the entire number of individuals living on but $1.90 each day to 730 million, about 10 percent of the world’s population.



In 2020, 114 million people lost their jobs, according to the most recent unemployment figures from the International Labour Organization (ILO). But official figures alone isn't enough to measure joblessness. because the ILO points out, more workers have fallen into “economic inactivity”, meaning that that they had to withdraw from the labour force. more should be used but operating with reduced working hours or pay cuts.

Women and younger workers are among the toughest hit, prompting concerns over widening gender inequality and a lost generation of workers.

In addition, the UN Development Programme has warned that almost half all jobs in Africa might be exhausted thanks to the pandemic.

1.7 billion students out of school :

In 2020, school and university closures disrupted the education of quite 1.7 billion students from 188 countries, or about 99 percent of the world’s student population, consistent with UNESCO.

Today, nearly 900 million students, quite half the world’s student population, still face heavy education disruptions, starting from school closures in 29 countries to reduced or part-time classes in 68 others, consistent with the newest data from UNESCO.


While online schooling played allowed classes to continue virtually, the UN estimates that almost 500 million children, especially in poorer countries or rural areas, are excluded from remote learning thanks to a scarcity of technology or policies.

Oxfam estimates that the pandemic will reverse the last 20 years of worldwide progress on girls’ education, further increasing poverty and inequality.

Worst year for air travel :

In 2019, quite 4.5 billion passengers took 38 million flights worldwide. With lockdowns and quarantines for many of 2020, many cancelled or postponed travel plans.

International passenger demand in 2020 dropped by 75.6 percent compared to 2019, consistent with the International air transportation Association.

Global flight-tracking service Flightradar24 also recorded a 42-percent dip in commercial flights from 2019. Many airlines were forced to work cargo-only flights to stay supermarket shelves stocked and online orders fulfilled.

Pollution levels :

In the first weeks of COVID lockdowns, there have been reports of clearer and fewer polluted skies. for instance , residents of Venice, Italy, reported clear running water in its normally bustling canals for the primary time in years.

However, this seems to possess been short-lived. A recent report by the International Energy Agency found that while global energy-related CO2 emissions fell overall by 5.8 percent in 2020 – the most important annual percentage decline since war II – the newest data shows global CO2 pollution bounced back to pre-COVID levels.

Professor Ralph Keeling, head of the Scripps CO2 programme, explained things back in May 2020: “People could be surprised to listen to that the response to the coronavirus outbreak has not done more to influence CO2 levels. The build-up of CO2 may be a bit like trash during a landfill. As we keep emitting, it keeps piling up.”

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