The COVID-19 pandemic had severe impacts on almost every aspect of life, from health via economy to education. School closures around the world caused disruptions in learning development of children and youth. Estimates from 2022 show that globally, the annual gross domestic product (GDP) loss could amount to nearly 1,600 billion U.S. dollars annually if no counter measures are taken. The economic damage was predicted to be highest in East Asia and the Pacific, and the lowest in Sub-Saharan Africa.
Annual gross domestic product loss predicted by 2040 due to learning disruptions caused by COVID-19 pandemic worldwide, by region
(in billion U.S. dollars)
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McKinsey & Company. (April 4, 2022). Annual gross domestic product loss predicted by 2040 due to learning disruptions caused by COVID-19 pandemic worldwide, by region (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1345541/global-learning-delay-covid-19-region-economic-impact/
McKinsey & Company. "Annual gross domestic product loss predicted by 2040 due to learning disruptions caused by COVID-19 pandemic worldwide, by region (in billion U.S. dollars)." Chart. April 4, 2022. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1345541/global-learning-delay-covid-19-region-economic-impact/
McKinsey & Company. (2022). Annual gross domestic product loss predicted by 2040 due to learning disruptions caused by COVID-19 pandemic worldwide, by region (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1345541/global-learning-delay-covid-19-region-economic-impact/
McKinsey & Company. "Annual Gross Domestic Product Loss Predicted by 2040 Due to Learning Disruptions Caused by Covid-19 Pandemic Worldwide, by Region (in Billion U.S. Dollars)." Statista, Statista Inc., 4 Apr 2022, https://www.statista.com/statistics/1345541/global-learning-delay-covid-19-region-economic-impact/
McKinsey & Company, Annual gross domestic product loss predicted by 2040 due to learning disruptions caused by COVID-19 pandemic worldwide, by region (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1345541/global-learning-delay-covid-19-region-economic-impact/ (last visited December 22, 2024)
Annual gross domestic product loss predicted by 2040 due to learning disruptions caused by COVID-19 pandemic worldwide, by region (in billion U.S. dollars) [Graph], McKinsey & Company, April 4, 2022. [Online]. Available: https://www.statista.com/statistics/1345541/global-learning-delay-covid-19-region-economic-impact/
