13/01/2024
13/01/2024
13/01/2024
The bar graph illustrates the average annual Gross Domestic Product (GDP) growth across four decades, from the 1960s to the 1990s. The data is categorized into three groups: wealthy countries, globalisers, and non-globalisers.
In the 1960s, wealthy countries exhibited a significant GDP growth of over 4%, while globalisers and non-globalisers had negligible growth. In the subsequent decade of the 1970s, all three categories experienced a decline in GDP growth. Wealthy countries still led but with less than 2% growth; globalisers showed slight improvement but remained under 1%, and non-globalisers had almost no growth.
The trend shifted in the 1980s when globalisers surpassed wealthy countries in GDP growth for the first time, achieving close to a 3% increase. Wealthy countries’ GDP growth remained stagnant at under 2%, while non-globalisers experienced a slight uptick but stayed below 1%.
The most notable change occurred in the 1990s when globalisers’ GDP skyrocketed to over a staggering 4%. Wealthy countries also saw an increase but were far behind at approximately just over 2%. Non-globalizers continued their marginal increment pattern, reaching slightly above one percent.
In conclusion, while wealthy countries initially dominated in terms of GDP growth, globalizers made significant strides from the '80s onwards and outpaced them by the '90s. Non-globalizers consistently lagged behind throughout all four decades.
13/01/2024
The bar chart gives information about the average annual GDP growth in 3 types of country from 1960s to 1990s.
Overall, it is clear that the percentage of wealthy countries went down steadily in 30 years while globalisers had a contrasting trend. And there was a fluctuation in non-globalisers in the same period.
As can be seen from the chart, in the 1960s, the proportion of GDP in wealthy countries was the highest, at around 5%. By contrast, the rate of globalisers was the lowest point of approximately 1,5%. While, just under 2,5% of GDP's non-globalisers.
There was a sudden decrease from around 5% to exactly 2,0% in richer countries, while that the GDP of globalisers surged over 30 years, peaked at nearly 5%. The varition of non-globalisers decrease about 1,0% over the period, then plummeted in the 1980s. It was under 1,0%
In conclusion, the average GDP grow has dramatically changed during this period, maybe between 1970s and 80s, ended up with the upward growth of globalisers anf the down trend in other two groups.
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