The bar chart delineates information regarding the share of global manufacturing across three regions, with figures measured in percentages from 1840 to 2000.
Overall, the number of production output in Asia and Europe witnessed a general decline, while level of manufacturing in the rest of the world grew significantly, exceeding Europe by the end of the timeline.
In 1840, Asia had the highest level of manufacturing output, accounting for 50%, followed by Europe, with a share of 40%. However, from that point onwards, Asia’s level of goods manufacturing kept decreasing, until hitting its bottom of 20%, after which its share recovered to approximately 43%. Meanwhile, Europe’s volume of manufacturing saw a steady increase over the same period, peaking at 50% (highest number on the chart) in 1920, before dropping to roughly 28% by the end of the timeline.
In contrast, while in both Europe and Asia production levels declined, the output rates in the rest of the world experienced an upward trend. At the start of the timescale its number accounted for 10% and grew by nearly 20% by the final year.