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The first Circularity Gap Report presented the alarming statistic that the globe’s economy was only 9.1% circular, leaving a massive Circularity Gap. The Report, launched in January 2018 during the World Economic Forum in Davos, has since been updated and published every year. This iteration marks the fifth edition. The Reports provide highlevel insights into the globe’s material flows and key levers for transitioning to circularity. They also support decision-makers with clear metrics, global data and a measurement of the circular economy to guide their action.