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). According to the World Bank, the 2013 nominal GWP was approximately US$75.59 trillion. In 2014, according to the CIA's World Factbook, the GWP was around US$78.28 trillion in nominal terms and totalled approximately US$107.5 trillion in terms of purchasing power parity (PPP). The per capita PPP GWP in 2017 was approximately US$17,300 according to the World Factbook.
Video Gross world product
Recent growth
The table below gives regional percentage values for overall GWP growth from 2006 through 2016, as well as an estimate for 2017 and 2018, according to the International Monetary Fund (IMF)'s World Economic Outlook database. Data is given in terms of constant year-on-year prices.
Maps Gross world product
Historical and prehistorical estimates
In 1998, economic historian J. Bradford DeLong estimated the total GWP in 1990 U.S. dollars for the main years between one million years BC and 2000 AD (shown in the table below).
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. "Billion" in the table below refers to the short scale usage of the term, where 1 billion = 1,000 million = 109.
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
References
External links
- CIA data on GWP in The World Factbook
- IMF database - contains continuously updated World Economic Outlook tables and reports
Source of article : Wikipedia
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