WOCU Re-Weighting, May 2021

The first Re-Weighting of 2021 was conducted at 16:00 UTC on May 20.

Absolute GDP figures have yet to recover from the pandemic; with the sole exceptions of the Netherlands, and Switzerland which dragged itself up two places from the bottom of the table, all WOCU constituents recorded further absolute GDP falls from the November 2020 Re-Weighting levels.

China continues to shine, CNY up again from 20.82% to 21.51% of the WOCU, behind the USD, up slightly at 30.58% from 30.28%. It remains to be seen if the U.S. can maintain its #1 GDP position longer term, and not breach the 30% USD proportion in the nearer term.

Brazil has dropped significantly, due to the devaluation of the Real, which is under pressure from the effects of the pandemic, now at over 5.5 BRL to 1 USD.

The WOCU constituent table, rounded to the nearest whole percentage point, now stands at:

1 United States 31%
2 China 22%
3 Japan 7%
4 Germany 6%
5 United Kingdom 4%
6 India 4%
7 France 4%
8 Italy 3%
9 Canada 2%
10 Korea 2%
11 Russia 2%
12 Brazil 2%
13 Australia 2%
14 Spain 2%
15 Mexico 2%
16 Indonesia 2%
17 Netherlands 1%
18 Switzerland 1%
19 Turkey 1%
20 Saudi Arabia 1%

The next routine re-weighting is due at 16:00 UTC on 18 November, 2021.