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^ At year 1, year 1000, year 1500 and till the start of British colonisation in India in 17th century, India's GDP always varied between ~22 - 33% world's total GDP and was the largest economy in the world from year 1 until year 1500, [4] which dropped to 2% by Independence of India in 1947. [15]
It accounted for 25.4% of global GDP in 1 CE, 29% of world global output in 1600 CE, 17.3% of the world's economy in 1870, and 33% in 1820 (its highest point). China's share of global GDP varied from a quarter to a third of global output until the late 19th century. [12]
According to Bairoch, in the mid-18th century, "the average standard of living in Europe was a little bit lower than that of the rest of the world." [ 15 ] He noted variations within both groups in 1750, citing the Asian civilizations of China and India as being the wealthiest among the Third World group, and Russia and Eastern / Southeastern ...
Historians estimate that Rome ruled 65 million subjects at the height of its power in the mid-second century — about 21% of the world’s 300 million people. ... the 17th century, wrote, “Gold ...
The Mughal India, worth a quarter of world GDP in the 17th century and early 18th century, especially its largest and economically most developed province Bengal Subah consist of its 40%, were responsible for 25% of global output, that led to an unprecedented rise in the rate of population growth, ultimately leading to the proto-industrialization.
Although ancient India had a significant urban population, much of India's population resided in villages, whose economies were largely isolated and self-sustaining. [citation needed] Agriculture was the predominant occupation and satisfied a village's food requirements while providing raw materials for hand-based industries such as textile, food processing and crafts.
Years of the 17th century by country (164 C) A. 17th century in Afghanistan (1 C, 1 P) 17th century in Albania (1 C, 2 P) 17th century in Algeria (2 C, 5 P)
Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the ...