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 2014, according to the CIA's World Factbook, the GWP totalled approximately US$107.5 trillion in terms of purchasing power parity (PPP), and around US$78.28 trillion in nominal terms.[1] The per capita PPP GWP in 2014 was approximately US$16,100 according to the World Factbook.[1] According to the World Bank, the 2013 nominal GWP was approximately US$75.59 trillion.[2]
Recent GWP growth
The table below gives regional percentage values for overall GWP growth from 2006 through 2015, as well as an estimate for 2016, according to the International Monetary Fund (IMF)'s World Economic Outlook database. Data is given in terms of constant year-on-year prices.[3]
| Region | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 (est.) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| World average | 5.5 | 5.7 | 3 | -0.1 | 5.4 | 4.2 | 3.5 | 3.3 | 3.4 | 3.1 | 3.2 |
| Advanced economies | 3.1 | 2.8 | 0.2 | -3.4 | 3.1 | 1.7 | 1.2 | 1.2 | 1.8 | 1.9 | 1.9 |
| Eurozone | 3.2 | 3.1 | 0.5 | -4.5 | 2.1 | 1.6 | -0.9 | -0.3 | 0.9 | 1.6 | 1.5 |
| Developing countries | 8.1 | 8.6 | 5.8 | 3 | 7.4 | 6.3 | 5.3 | 4.9 | 4.6 | 4 | 4.1 |
Historical and prehistorical estimates
In 1998, J. Bradford DeLong of the Department of Economics, U.C. Berkeley, estimated the total GWP in 1990 U.S. dollars for main years between one million years BCE and 2000 CE, as shown below.[5] Nominal GWP estimates from 2005 onwards are also shown in contemporary U.S. dollars, according to estimates from the CIA World Factbook and the World Bank.[1] "Billion" in the table below refers to the short scale usage of the term, where 1 billion = 1,000 million = 109.
| Year | Real GWP ($ billions, 1990 intl$) |
Compound annual growth rate |
|---|---|---|
| 2014 CE | 77,868[2] | |
| 2010 CE | 62,220 (est. 41,090 in 1990 U.S. dollars)[6] | |
| 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 2 3 "World". CIA World Factbook. 6 October 2015. Retrieved 9 October 2015.
- 1 2 "Gross Domestic Product 2014" (PDF). The World Bank DataBank. 2015. Retrieved 1 July 2015.
- ↑ "Report for selected country groups and subjects". World Economic Outlook. International Monetary Fund. 2016. Retrieved 6 September 2016.
- ↑ Data table in Maddison A (2007), Contours of the World Economy I-2030AD, Oxford University Press, ISBN 978-0199227204
- ↑ 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 data on GWP in The World Factbook
- IMF database – contains continuously updated World Economic Outlook tables and reports