Reflecting on the economic trajectories of key global players over the past six decades, it's evident that India, the United States, China, and the Euro Area have played pivotal roles in shaping the international economic landscape. From 1960 to 2022, India's GDP share has seen a steady ascent, indicative of its burgeoning economic potential, reaching approximately 3.4% by the end of the period. In contrast, the United States has maintained its dominant position, consistently representing around 20-25% of the global GDP. China's remarkable growth story stands out, with its GDP share soaring from about 4% in 1960 to nearly 18% by 2022, firmly establishing itself as a formidable economic force. Meanwhile, the Euro Area, comprising a coalition of European nations, has showcased resilience, maintaining a significant share of approximately 18-25% throughout the years.
Would like to replicate the analysis? Check the resources below: