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Study Notes

Shifts in the share of Global GDP

Level:
A-Level
Board:
AQA, Edexcel, IB, OCR

Last updated 3 Jun 2022

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One feature of globalisation is that many industrializing countries are winning a rising share of world trade and their economies are growing faster than in richer developed nations especially after the recent Global Financial Crisis (GFC). There is a significant shift in the balance of economic and financial power in the world economy.


Find more statistics at Statista

Emerging and developing countries now account for more than 57% of global GDP adjusted for purchasing power according to data for 2015 published by the IMF. The 28-nation European Union has a share of global GDP now less than 17%.

The breakdown of global GDP share for selected countries is shown in the chart below


Find more statistics at Statista

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