annual gross domestic product growth
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The chart shows the changes in the average annual Gross Domestic Product (GDP) of three groups of countries in the world during 1960s - 1990s period.
From the chart, we can see that wealthy countries' GDP dwindled from 4.8 percent in the 1960s to 2 percent in the 1990s. Noticeably, there is a significant decrease in the GDP of these well-off nations from 4.8 percent to 2.9 percent in 1960s - 1970s period.
Globalizers' national products, in contrast to those of rich countries, rose dramatically from about 1.3 percent to just under 4.9 percent at the end of this period. In addition, the fastest growth in this phase is in two final decades of the 20th century.
Non-globalizers had their peaks and troughs in domestic goods. From 2.4 percent in the 1960s, the GDP reached a peak of over 3 percent in the 1970s, but then quickly fell to a low of approximately 0.8 percent in the next decade and finally had a slight increase of 1.2 percent in the 1990s.
To recap, there is an upward trend in the GDP growth of globalizers, and there is a downward trend in the GDP growth of wealthy countries and non-globalizers.