The RCEP, the world’s largest FTA, covers about 30% of both global GDP and global population.

The RCEP’s share of global GDP is also increasing rapidly as several members are large and fast-growing emerging markets. We project using sigma data that the RCEP’s share in global GDP will reach nearly 35% in 2030. Rollover/touch chart for details.

Note: USMCA stands for the United States-Mexico-Canada Agreement–the FTA formerly known as NAFTA. Chart shows data since NAFTA inception in 1994. EU data excludes UK for all years. Source: IMF, Swiss Re Institute