The bar chart illustrates the global’s product from Asia, Erope and other continents over a period of 160 years from 1840
Overall, it is evident that Asia and Europe witnessed a downward trend in the percentage of output, the opposite was true for that of the rest of the world. Notably, the year 1960 saw the same figure for Europe and other continents, both of which were more than Asia’s figure.
As can be seen from the chart, in 1840, Asia held a leading position with half of total global product (50%), followed by Europe at 40%, far exceeding the rest of the world at just 10%. In the next 80 years, the proportion of production output from Asia experienced a significant plunge, at 20% in 1920, accounting for two-fifths of 1840, while Europe and others surged to 50% and 30% of global product, respectively.
Furthermore, the year 1960 saw the rate of production output in Europe was as equal as the rest of the world, at roughly 38%, far exceeding Asia’s proportion, at 25%. After that, Asia emerged as the largest productor in 2000, followed by other continents and the Europe at 32% and 28%, respectively.