Economies with more robust technical skills bases may be better prepared for the potential cost of the skills crisis

Projected cumulative GDP growth at risk globally from 2018 to 2028 across 14 G20 countries

Absolute values at risk

% of GDP growth at risk each year

Billions US$ (in log scale)

1000

10,000

10

100

0.5 pts

$113 bn

Australia

0.4 pts

$119 bn

Canada

1.5 pts

$131 bn

Argentina

1.8 pts

$152 bn

South Africa

0.6 pts

$173 bn

Italy

0.5 pts

$182 bn

France

0.5 pts

$185 bn

UK

0.5 pts

$264 bn

Germany

1.8 pts

$513 bn

Mexico

0.6 pts

$544 bn

Japan

1.7 pts

$781 bn

Brazil

0.4 pts

$975 bn

USA

2.3 pts

$1,970 bn

India

1.7 pts

$5,447 bn

China

1.1 pts

$11.5 tn

Total

10,000

1000

100

10

Absolute values at risk

% of GDP growth at risk each year

Billions US$ (in log scale)

10

100

1000

10,000

0.5 pts

$113 bn

Australia

0.4 pts

$119 bn

Canada

1.5 pts

$131 bn

Argentina

1.8 pts

$152 bn

South Africa

0.6 pts

$173 bn

Italy

0.5 pts

$182 bn

France

0.5 pts

$185 bn

UK

0.5 pts

$264 bn

Germany

1.8 pts

$513 bn

Mexico

0.6 pts

$544 bn

Japan

1.7 pts

$781 bn

Brazil

0.4 pts

$975 bn

USA

2.3 pts

$1,970 bn

India

1.7 pts

$5,447 bn

China

1.1 pts

$11.5 tn

Total

10,000

1000

100

10

Absolute values at risk

% of GDP growth at risk each year

10,000

1.1 pts

2.3 pts

1.7 pts

0.4 pts

1.7 pts

0.6 pts

1.8 pts

1000

Billions US$ (in log scale)

0.5 pts

0.5 pts

0.5 pts

0.6 pts

1.8 pts

1.5 pts

0.4 pts

0.5 pts

100

$5,447 bn

$1,970 bn

$544 bn

$264 bn

$975 bn

$185 bn

$182 bn

$513 bn

$152 bn

$781 bn

$173 bn

$119 bn

$131 bn

$113 bn

$11.5 tn

10

UK

USA

Australia

Canada

Argentina

South Africa

Italy

France

Germany

Mexico

Japan

India

China

Total

Brazil

% of GDP growth at risk each year

Absolute values at risk

1.7 pts

10,000

1.1 pts

2.3 pts

0.4 pts

1.7 pts

0.6 pts

1.8 pts

Billions US$ (in log scale)

1000

0.5 pts

0.5 pts

0.5 pts

0.6 pts

1.8 pts

1.5 pts

0.4 pts

0.5 pts

100

$5,447 bn

$1,970 bn

$544 bn

$264 bn

$975 bn

$185 bn

$182 bn

$513 bn

$152 bn

$781 bn

$173 bn

$119 bn

$113 bn

$131 bn

$11.5 tn

10

UK

USA

Australia

Canada

Argentina

South Africa

Italy

France

Germany

Mexico

Japan

Brazil

India

China

Total

Accenture, 2018