Gross world product
The gross world product (GWP) is the combined gross national product of all the countries in the world. Because imports and exports balance exactly when considering the whole world, this also equals the total global gross domestic product (GDP).[nb 1] In 2013, according to the CIA's World Factbook, the GWP totalled approximately US$87.25 trillion in terms of purchasing power parity (PPP), and around US$74.31 trillion in nominal terms.[1] According to a separate estimate by the World Bank, the 2013 nominal GWP was approximately US$75.59 trillion.[2] The per capita PPP GWP in 2013 was approximately US$13,100, according to the World Factbook.[1]
Recent GWP growth
The table below gives regional percentage values for overall GWP growth through 2014, as well as an estimate for 2015, according to the International Monetary Fund (IMF)'s World Economic Outlook database. Data is given in terms of constant year-on-year prices, based on purchasing power parity (PPP).
| Region | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 (est.) |
|---|---|---|---|---|---|---|---|---|---|---|
| World average | 5.1 | 5.2 | 3.0 | -0.5 | 5.3 | 3.9 | 3.2 | 2.9 | 3.3 | 3.5 |
| Advanced economies | 3.0 | 2.7 | 0.6 | -3.4 | 3.2 | 1.7 | 1.5 | 1.2 | 1.8 | 2.4 |
| Eurozone | 2.9 | 2.7 | 0.7 | -4.1 | 1.9 | 1.5 | -0.6 | -0.4 | 0.8 | 1.2 |
| USA | 2.7 | 2.1 | 0.4 | -2.6 | 3.0 | 1.8 | 2.8 | 1.9 | 2.2 | 3.6 |
| Developing countries | 7.9 | 8.3 | 6.0 | 2.8 | 7.5 | 6.2 | 4.9 | 4.5 | 4.4 | 4.3 |
Historical and prehistorical estimates
In 1998, J. Bradford DeLong of the Department of Economics, U.C. Berkeley, estimated the total GWP in 1990 U.S. dollars for main years between one million years BCE and 2000 CE, as shown below.[9] Nominal GWP estimates from 2005 onwards are also shown in contemporary U.S. dollars, according to estimates from the CIA World Factbook and the World Bank.[1] "Billion" in the table below refers to the short scale usage of the term, where 1 billion = 1,000 million = 109.
| Year | Real GWP ($ billions, 1990 intl$) |
Compound annual growth rate |
|---|---|---|
| 2013 CE | 75,592[2] | |
| 2010 CE | 62,220 (est. 41,090 in 1990 U.S. dollars)[10] | |
| 2005 CE | 43,070 (est. 31,300 in 1990 U.S. dollars) | |
| 2000 CE | 41,016.69 | 4.04% |
| 1995 CE | 33,644.33 | 4.09% |
| 1990 CE | 27,539.57 | 4.14% |
| 1985 CE | 22,481.11 | 3.62% |
| 1980 CE | 18,818.46 | 4.43% |
| 1975 CE | 15,149.42 | 4.53% |
| 1970 CE | 12,137.94 | 5.87% |
| 1965 CE | 9,126.98 | 5.89% |
| 1960 CE | 6,855.25 | 4.77% |
| 1955 CE | 5,430.44 | 5.88% |
| 1950 CE | 4,081.81 | 3.12% |
| 1940 CE | 3,001.36 | 2.91% |
| 1930 CE | 2,253.81 | 1.4% |
| 1925 CE | 2,102.88 | 3.94% |
| 1920 CE | 1,733.67 | 2.29% |
| 1900 CE | 1,102.96 | 2.69% |
| 1875 CE | 568.08 | 1.84% |
| 1850 CE | 359.90 | 1.45% |
| 1800 CE | 175.24 | 0.62% |
| 1750 CE | 128.51 | 0.51% |
| 1700 CE | 99.80 | 0.40% |
| 1650 CE | 81.74 | 0.12% |
| 1600 CE | 77.01 | 0.27% |
| 1500 CE | 58.67 | 0.27% |
| 1400 CE | 44.92 | 0.21% |
| 1350 CE | 40.50 | 0.47% |
| 1300 CE | 32.09 | -0.21% |
| 1250 CE | 35.58 | -0.10% |
| 1200 CE | 37.44 | -0.056% |
| 1100 CE | 39.60 | 0.11% |
| 1000 CE | 35.31 | 0.11% |
| 900 CE | 31.68 | 0.23% |
| 800 CE | 25.23 | 0.074% |
| 700 CE | 23.44 | 0.12% |
| 600 CE | 20.86 | 0.046% |
| 500 CE | 19.92 | 0.077% |
| 400 CE | 18.44 | 0.056% |
| 350 CE | 17.93 | -0.022% |
| 200 CE | 18.54 | 0.031% |
| 14 CE | 17.50 | -0.427% |
| 1 CE | 18.50 | 0.042% |
| 200 BCE | 17.00 | 0.030% |
| 400 BCE | 16.02 | 0.155% |
| 500 BCE | 13.72 | 0.115% |
| 800 BCE | 9.72 | 0.213% |
| 1000 BCE | 6.35 | 0.063% |
| 1600 BCE | 4.36 | 0.092% |
| 2000 BCE | 3.02 | 0.064% |
| 3000 BCE | 1.59 | 0.073% |
| 4000 BCE | 0.77 | 0.041% |
| 5000 BCE | 0.51 | 0.0057% |
| 8000 BCE | 0.43 | 0.0075% |
| 10,000 BCE | 0.37 | 0.0012% |
| 25,000 BCE | 0.31 | 0.00045% |
| 300,000 BCE | 0.09 | 0.00031% |
| 1,000,000 BCE | 0.01 | – |
See also
- List of countries by GDP growth
- List of countries by GDP (nominal)
- List of countries by GDP (PPP)
- World economy
- World population
Notes
- ↑ See measures of national income and output for more details.
References
- ↑ 1.0 1.1 1.2 "World". CIA World Factbook. 2015. Retrieved 17 January 2015.
- ↑ 2.0 2.1 "Gross Domestic Product 2013" (PDF). The World Bank DataBank. 2014. Retrieved 17 January 2015.
- ↑ "Economic growth in major economic powers". IMF World Economic Outlook. October 2009. Retrieved 28 January 2013.
- ↑ "World Economic Outlook Databases – archives". IMF. Retrieved 28 January 2013.
- ↑ "IMF more upbeat on world economy". BBC News. 26 January 2010. Retrieved 16 November 2012.
- ↑ "World Economic Outlook Update: Mild Slowdown of the Global Expansion, and Increasing Risks". IMF. April 2012. Retrieved 16 July 2012.
- ↑ "World Economic Outlook (October 2014)". IMF. October 2014. Retrieved 20 January 2015.
- ↑ "Global Growth Revised Down, Despite Cheaper Oil, Faster U.S. Growth". IMF. 20 January 2015. Retrieved 14 March 2015.
- ↑ J. Bradford DeLong (24 May 1998). "Estimating World GDP, One Million B.C. – Present". Retrieved 5 February 2013.
- ↑ "1990 Real GDP". MeasuringWorth.com. Retrieved 25 November 2013.
External links
- CIA World Factbook data on GWP
- IMF database – contains continuously updated World Economic Outlook tables and reports