Average annual Gross Domestic Product (GDP) growth

The chart shows the average GDP growth per decade for the three different types of countries over a period of 30 years. In the 1960s, wealthy countries experienced the highest annual GDP at close to 5 per cent. This figure is double that of the non-global countries and three times that of the countries operating on a global level. The two greatest troughs occurred in the GDP of globalizers in 1960 and non-globalizers in 1980. However, by the 1970s, this trend changed substantially; the globalizers rose from a low of approximately 1. 2 per cent in 1960 to a peak of 2. 9 per cent in 1970 and there was also an increase in the GDP of the non-global countries, while the wealthy countries fell to a low of 2. 9 per cent. In the 1980s and 90s, as the technology made globalization even easier, the decreasing trend for the wealthy countries continued declining by 2. 2 per cent and 2 per cent in 1980 and 1990 respectively. On the other hand, for the countries that embraced globalization, the GDP figures rose significantly throughout this time, and by the 1990s, had reached a peak at nearly 5 per cent. That is even more than the GDP of wealthy countries in the 1960s.