Figure 3. Changing Relative Position in the World Economy (Share of world output) Top panel Advanced Developing Countries economies countries in transition 1970 65.1 28.1 7.1 1971 64.1 28.1 8.1 1972 65.1 28.1 8.1 1973 65.1 28.1 8.1 1974 63.1 30.1 8.1 1975 61.1 31.1 8.1 1976 61.1 31.1 8.1 1977 61.1 31.1 8.1 1978 61.1 31.1 8.1 1979 61.1 31.1 8.1 1980 60.1 33.1 8.1 1981 60.1 32.1 8.1 1982 59.1 33.1 8.1 1983 59.1 33.1 9.1 1984 59.1 32.1 8.1 1985 59.1 33.1 9.1 1986 59.1 33.1 9.1 1987 59.1 32.1 9.1 1988 59.1 33.1 8.1 1989 59.1 33.1 8.1 1990 59.1 33.1 8.1 1991 59.1 34.1 7.1 1992 59.1 35.1 6.1 1993 58.1 37.1 5.1 1994 58.1 38.1 5.1 1995 57.1 38.1 4.1 1996 57.1 39.1 4.1 1997 56.1 40.1 4.1 1998 55.1 41.1 4.1 1999 54.1 41.1 4.1 2000 54.1 42.1 4.1 2001 53.1 43.1 4.1 2002 52.1 44.1 4.1 2003 51.1 45.1 4.1 2004 50.1 46.1 4.1 2005 49.1 47.1 4.1 2006 49.1 48.1 4.1 2007 48.1 48.1 4.1 2008 47.1 49.1 4.1 2009 46.1 50.1 4.1 2010 46.1 52.1 4.1 2011 45.1 53.1 4.1 2012 44.1 54.1 4.1 2013 44.1 55.1 4.1 2014 43.1 56.1 4.1 2015 42.1 57.1 4.1 2016 41.1 58.1 5.1 2017 41.1 59.1 5.1 2018 40.1 61.1 5.1 2019 40.1 62.1 5.1 2020 39.1 63.1 5.1 Bottom panel United States Japan India Russia China European Union 1970 26.1 7.1 3.1 3.1 3.1 26.1 1971 25.1 7.1 3.1 3.1 4.1 26.1 1972 25.1 8.1 3.1 3.1 4.1 26.1 1973 25.1 8.1 3.1 3.1 4.1 26.1 1974 24.1 7.1 3.1 3.1 4.1 25.1 1975 23.1 8.1 3.1 3.1 4.1 25.1 1976 23.1 7.1 3.1 3.1 4.1 25.1 1977 23.1 8.1 3.1 3.1 4.1 24.1 1978 23.1 8.1 3.1 3.1 4.1 24.1 1979 23.1 8.1 3.1 3.1 4.1 24.1 1980 22.1 8.1 3.1 3.1 4.1 23.1 1981 22.1 8.1 3.1 3.1 4.1 23.1 1982 22.1 8.1 3.1 3.1 4.1 23.1 1983 22.1 8.1 3.1 3.1 5.1 23.1 1984 22.1 8.1 3.1 4.1 5.1 22.1 1985 22.1 8.1 3.1 4.1 6.1 22.1 1986 22.1 8.1 3.1 4.1 6.1 22.1 1987 22.1 8.1 3.1 3.1 6.1 22.1 1988 22.1 8.1 3.1 4.1 7.1 22.1 1989 22.1 8.1 4.1 4.1 7.1 22.1 1990 22.1 9.1 4.1 3.1 7.1 22.1 1991 21.1 9.1 4.1 3.1 7.1 22.1 1992 21.1 9.1 4.1 2.1 8.1 22.1 1993 21.1 9.1 4.1 2.1 9.1 21.1 1994 21.1 8.1 4.1 2.1 10.1 21.1 1995 21.1 8.1 4.1 1.1 11.1 21.1 1996 21.1 8.1 4.1 1.1 11.1 20.1 1997 20.1 8.1 4.1 1.1 12.1 20.1 1998 20.1 8.1 4.1 1.1 12.1 20.1 1999 19.1 8.1 4.1 1.1 13.1 19.1 2000 19.1 8.1 4.1 1.1 13.1 19.1 2001 19.1 7.1 4.1 1.1 14.1 19.1 2002 18.1 7.1 4.1 2.1 14.1 19.1 2003 18.1 7.1 5.1 2.1 15.1 18.1 2004 18.1 7.1 5.1 2.1 16.1 18.1 2005 17.1 7.1 5.1 2.1 16.1 17.1 2006 17.1 7.1 5.1 2.1 17.1 17.1 2007 17.1 7.1 5.1 2.1 18.1 17.1 2008 16.1 6.1 5.1 2.1 19.1 16.1 2009 16.1 6.1 5.1 2.1 19.1 16.1 2010 16.1 6.1 5.1 2.1 20.1 16.1 2011 15.1 6.1 5.1 2.1 21.1 15.1 2012 15.1 6.1 6.1 2.1 22.1 15.1 2013 15.1 6.1 6.1 2.1 23.1 15.1 2014 15.1 6.1 6.1 2.1 24.1 14.1 2015 14.1 6.1 6.1 2.1 25.1 14.1 2016 14.1 6.1 6.1 2.1 27.1 14.1 2017 14.1 5.1 6.1 2.1 28.1 14.1 2018 14.1 5.1 6.1 2.1 29.1 13.1 2019 13.1 5.1 6.1 2.1 30.1 13.1 2020 13.1 5.1 7.1 2.1 32.1 13.1 Source: World Economic Outlook, October 1997 ©1997 International Monetary Fund