G20 emerging economies (EDEs) will soon exceed G20 advanced economies (AEs) in their contribution to real global output. Shares of AE and EDE G20 economies in world real GDP (%). Note: GDP in current international USD at PPP exchange rates. Dotted lines (2019–2024) are forecasts. “Advanced” economies here include: Australia, Canada, France, Germany, Italy, Japan, Korea, United Kingdom, United States and the member states of the European Union (EU-28) that are not part of the G20 in their own right. “Emerging and developing” economies include: Argentina, Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, South Africa and Turkey. Source: Bruegel based on IMF (2019b) country estimates and classifications.