The following bar chart outlines the information on goods production from 3 different regions between the years 1840 and 2000. Overall, it is pretty clear that Europe was the most consistent compared to Asia and the rest of the world.
According to the graph, in the year 1840, Asia had the highest share in production, with 50% in the mentioned year. It , however, faced a gradual decline, falling to just 20% in 1920. In 2000, there was an upward trend where it overtook Europe and other regions of the world.
Europe had a stable rate of manufacturing, with numbers not dipping below 25%. It peaked in 1920 with approximately 50% production. Nevertheless, in the year 2000, Europe’s production fell as low as 28%.
Other regions around the world had a slow start, with just 10% in 1840. It recorded its highest point in 1960, out-producing Europe by a single-digit margin; production was at a moderate 35% in 2000.
To summarise, the diagram demonstrates the stability of European manufacturing, the rise and fall of the Asian market, and the rest of the world slowly making strides in production.