In 1995, the seven emerging economies for which the OECD collects information on agricultural policies accounted for just under 4% of the total measured PSE (OECD and emerging economies). By 2012, these seven countries accounted for over 45% of the total (Figure 1.5). This rising share is made up of stable nominal expenditures by OECD countries (therefore falling real expenditures) and growang expenditures in emerging countries.