Who has the largest percent of Global GDP?
In 1820 the countries/continents with the largest percent of global GDP were 1) China 33% 2) Europe 27% 3) India 16% 4) USA 2%
In 2012 the countries/continents with the largest percent of global GDP were 1) USA 19% 2) Europe 16% 3) China 15% 4) Latin America 8% 5) India 6%
India use to have the largest percent of Global GDP from 0 to 1500. China was the largest economy in the world after that till around 1830. After that Europe and USA became the largest economies in the world.
Looking at the trend China will over take first Europe and soon after that USA and become the largest economy in the world. India has stopped the declining trend in 1980 and have since increased their percent of Global GDP and it looks like they will become over time the second largest economy in the world.
Posted on Sat, May 27, 2017
by Simon Snelder