Democracies Dominate the World Economy

Democracies control the vast majority of the world economy – roughly 70%. The remainder (28%) is controlled by a mix of authoritarian regimes and what the Economist Intelligence Unit calls “hybrid regimes”, meaning they have a mix of authoritarian and democratic features. According to IMF figures, non-US democracies’ annual economic activity totals over 44 trillion USD, the US over 22 …