tutor2u | The World in Economic Transition

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The World in Economic Transition

Geoff Riley

10th July 2017

Here is a clear infographic showing the changing balance of world GDP between different groups of countries.

Adjusted for purchasing power parity, the EU's share of world output has declined from 25% in 1995 to 17% in 2015 whereas the share of the BRICs nations has grown from 18% to 31% over the same period.

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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