Asia stands out in real income convergence. Average GDP per capita in emerging and developing economies (EDE) as a share of average GDP per capita in the G7 economies (%). Note: GDP per capita in current international USD at PPP exchange rates. Dotted lines (2019–2024) are forecasts. Country groups as defined in IMF (2019b). Emerging and developing economies (EDE) is a universe wider than members of the G20. Source: Bruegel based on IMF (2019b) country estimates and classifications.

  Part of: Bery S, Biondi F, Brekelmans S (2019) Twenty years of the G20: Has it changed global economic governance? Russian Journal of Economics 5(4): 412-440.