Peak Year: 1945 (27.7%)
The United States peak reflects that most other countries had been battered by WW2. The US proportion has fallen steadily since then as other countries recovered from the war and developed on their own.
My personal website and the World Historical Economic Database
Peak Year: 1945 (27.7%)
The United States peak reflects that most other countries had been battered by WW2. The US proportion has fallen steadily since then as other countries recovered from the war and developed on their own.
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