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    The distribution of world GDP from 1700-2012 shows that Europe's share of world GDP peaked at 47% in 1913 but declined to 25% by 2012, as Asia and America increased their shares of global output over the past century. Europe accounted for a smaller portion of world GDP in recent decades compared to the early 20th century, while Asia and America grew to represent larger shares of total world GDP.

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    The distribution of world GDP from 1700-2012 shows that Europe's share of world GDP peaked at 47% in 1913 but declined to 25% by 2012, as Asia and America increased their shares of global output over the past century. Europe accounted for a smaller portion of world GDP in recent decades compared to the early 20th century, while Asia and America grew to represent larger shares of total world GDP.

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    32 views1 page

    F1 1 PDF

    Uploaded by

    gioanela
    The distribution of world GDP from 1700-2012 shows that Europe's share of world GDP peaked at 47% in 1913 but declined to 25% by 2012, as Asia and America increased their shares of global output over the past century. Europe accounted for a smaller portion of world GDP in recent decades compared to the early 20th century, while Asia and America grew to represent larger shares of total world GDP.

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    Figure 1.1.

    The distribution of world output 1700-2012


    100%

    90%
    Asia
    80%
    Africa
    70%

    60% America

    50%

    40%

    30%

    20%
    Europe
    10%

    0%
    1700 1820 1870 1913 1950 1970 1990 2012
    Europe's GDP made 47% of world GDP in 1913, down to 25% in 2012.
    Sources and series: see piketty.pse.ens.fr/capital21c.

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