From the long-term viewpoint of the social past, we know that economic prosperity and continual economic growth is a very new achievement for humanity. Economic prosperity is assessed as via gross domestic product (GDP) per capita, the value of all goods and services generated by a country in one year divided by the country’s public. Economic growth is the estimate of the change of GDP from one year to the next.
Here are all the major powers compared by GDP from the year 1 AD. To know about it, Click here
Long before the innovation of modern day maps or gunpowder, the planet’s main powers were already duking it out for economic and geopolitical authority. Chart is originally published in a research letter by Michael Cembalest of JP Morgan, we’ve updated it based on the most current data and projections from the IMF.
The chart tells that story in the easiest and reasonable terms possible. By showing the changing percentage of the global economy for each country from 1 AD until now, it correlates economic productivity over a mind-boggling time period.
Read the below articles to know more about it:
To read about the changing share of the global economy for each country from 1 AD until now - Click here
Captured here is the economic history of the last 2000 years - Click here
A representation of a stunning chart of global economic history - Click here
Today's chart tells the economy’s story in the simplest terms possible. To know more,Click here
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For thousands of years, economic improvement was largely linear and linked to population expansion. Without machines or technological inventions, one person could only produce so much with their time and reserves. As the technological field evens, economies like China and India – traditionally some of the biggest economies throughout history – are now giving rise to their big comeback.
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