World economy

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Economy of the world
Statistics
Population 7.095 billion (July 2013 est.)[1]
GDP Nominal: US$77.609 trillion (2014 est.)[1]
PPP: US$106.998 trillion (2014 est.)[1]
GDP growth
3% (2012)
GDP per capita
Nominal: US$7,178
PPP: US$12,700 (2012 est.)
~10 million i.e. ~0.15% (2009)
Billionaires (US$) 1,594 (2014) [2]
People earn below US$2 per day ~3.25 billion (~50%)
Unemployment 5.4% (Nov.2014)[3]
note: 30% combined unemployment and underemployment in many non-industrialized countries; developed countries typically 4%–12% unemployment (2007 est.)
During 2012 unless otherwise stated. Trailing-ten-years. Most numbers are from The World Factbook for 2012, some numbers exclude certain countries for lack of information.

All values, unless otherwise stated, are in US dollars.

The world economy, or global economy, generally refers to the economy, which is based on economies of all of the world's countries' national economies. Also global economy can be seen as the economy of global society and national economies – as economies of local societies, making the global one. It can be evaluated in various kind of ways. For instance, depending on the model used, the valuation that is arrived at can be represented in a certain currency, such as 2006 US dollars.

It is inseparable from the geography and ecology of Earth, and is therefore something of a misnomer, since, while definitions and representations of the "world economy" vary widely, they must at a minimum exclude any consideration of resources or value based outside of the Earth. For example, while attempts could be made to calculate the value of currently unexploited mining opportunities in unclaimed territory in Antarctica, the same opportunities on Mars would not be considered a part of the world economy—even if currently exploited in some way—and could be considered of latent value only in the same way as uncreated intellectual property, such as a previously unconceived invention. Beyond the minimum standard of concerning value in production, use, and exchange on the planet Earth, definitions, representations, models, and valuations of the world economy vary widely.

It is common to limit questions of the world economy exclusively to human economic activity, and the world economy is typically judged in monetary terms, even in cases in which there is no efficient market to help valuate certain goods or services, or in cases in which a lack of independent research or government cooperation makes establishing figures difficult. Typical examples are illegal drugs and other black market goods, which by any standard are a part of the world economy, but for which there is by definition no legal market of any kind.

However, even in cases in which there is a clear and efficient market to establish a monetary value, economists do not typically use the current or official exchange rate to translate the monetary units of this market into a single unit for the world economy, since exchange rates typically do not closely reflect worldwide value, for example in cases where the volume or price of transactions is closely regulated by the government.

World share of GDP (PPP) (World Bank, 2011).[4]

Rather, market valuations in a local currency are typically translated to a single monetary unit using the idea of purchasing power. This is the method used below, which is used for estimating worldwide economic activity in terms of real US dollars or euros. However, the world economy can be evaluated and expressed in many more ways. It is unclear, for example, how many of the world's 7.13 billion people have most of their economic activity reflected in these valuations.

In 2013, the largest economies in the world with more than $2 trillion, €1.25 trillion by nominal GDP were the United States, China, Japan, Germany, France, the United Kingdom, Brazil, Russia, Italy and India.

Economy – overview[edit]

Current world economic league table of largest economies in the world by GDP and share of global economic growth[edit]

The following three tables list the twenty-five largest economies by GDP (Nominal) in 2014, twenty-five largest economies by GDP (PPP) in 2014, and the twenty-five economies with the largest shares of global economic growth in 2014. Members of the G-20 major economies are in bold.

List of the 25 largest economies
by GDP (nominal) in 2014
[5]
List of the 25 largest economies
by GDP (PPP) in 2014
[6]
List of the 25 largest economies
by contribution to global economic
growth by GDP (nominal) in 2014
[7]
List of the 25 largest economies
by contribution to global economic
growth by GDP (PPP) in 2014
[8]
Rank Country Value (Billions
of USD$)
World 77,609
 European Union 18,399
1  United States 17,416
2  China 10,355
3  Japan 4,770
4  Germany 3,820
5  France 2,902
6  United Kingdom 2,848
7  Brazil 2,244
8  Italy 2,129
9  Russia 2,057
10  India 2,048
11  Canada 1,794
12  Australia 1,483
13  South Korea 1,449
14  Spain 1,400
15  Mexico 1,296
16  Netherlands 880
17  Indonesia 856
18  Turkey 813
19  Saudi Arabia 778
20   Switzerland 679
21  Nigeria 594
22  Sweden 559
23  Poland 552
24  Argentina 536
25  Belgium 528
Rank Country Value (Billions
of USD$)
World 106,998
 European Union 18,124
1  China 17,632
2  United States 17,416
3  India 7,277
4  Japan 4,788
5  Germany 3,621
6  Russia 3,559
7  Brazil 3,073
8  France 2,587
9  Indonesia 2,554
10  United Kingdom 2,435
11  Mexico 2,143
12  Italy 2,066
13  South Korea 1,790
14  Saudi Arabia 1,652
15  Canada 1,579
16  Spain 1,534
17  Turkey 1,512
18  Iran 1,284
19  Australia 1,100
20  Nigeria 1,058
21  Taiwan 1,022
22  Thailand 990
23  Egypt 945
24  Poland 941
25  Argentina 927
Rank Country Percentage
(%)
World 100.0
 European Union 30.5
1  China 30.5
2  United States 22.3
3  United Kingdom 11.1
4  Germany 6.3
5  India 5.9
6  South Korea 5.0
7  France 3.3
8  Nigeria 2.5
9  Italy 2.0
10  Spain 1.4
11  Iran 1.2
12  Mexico 1.2
13  Poland 1.2
14  Saudi Arabia 1.0
15   Switzerland 1.0
16  Netherlands 0.9
17  Bangladesh 0.9
18  Malaysia 0.8
19  Colombia 0.7
20  Austria 0.7
21  Belgium 0.7
22  New Zealand 0.7
23  Hong Kong 0.6
24  Philippines 0.6
25  Vietnam 0.6
Rank Country Percentage
(%)
World 100.0
1  China 29.3
2  United States 12.8
 European Union 10.8
3  India 9.9
4  Indonesia 3.3
5  Japan 2.4
6  United Kingdom 2.3
7  Germany 2.1
8  Saudi Arabia 1.9
9  South Korea 1.8
10  Nigeria 1.7
11  Mexico 1.7
12  Turkey 1.4
13  Russia 1.3
14  Canada 1.2
15  Brazil 1.2
16  Malaysia 1.1
17  France 1.0
18  Philippines 1.0
19  Taiwan 1.0
20  Pakistan 1.0
21  Australia 0.9
22  Spain 0.9
23  Poland 0.9
24  Bangladesh 0.8
25  Colombia 0.8

Twenty Largest Economies in the World by Nominal GDP[edit]

The following is a list of the twenty largest economies by nominal GDP at a specific year according to International Monetary Fund.[9]

Rank 1980 1985 1990 1995 2000 2005 2010 2015 2019
1  United States  United States  United States  United States  United States  United States  United States  United States  United States
2 Soviet Union Soviet Union  Soviet Union  Japan  Japan  Japan  Japan  China  China  China
3  Japan  Japan  Soviet Union  Germany  Germany  Germany  Japan  Japan  Japan
4  West Germany  West Germany  West Germany  France  United Kingdom  United Kingdom  Germany  Germany  Germany
5  France  France  France  United Kingdom  France  China  France  United Kingdom  United Kingdom
6  United Kingdom  United Kingdom  Italy  Italy  China  France  United Kingdom  France  France
7  Italy  Italy  United Kingdom  Brazil  Italy  Italy  Brazil  Brazil  India
8  China  Canada  Canada  China  Canada  Canada  Italy  India  Brazil
9  Canada  China  Spain  Canada  Mexico  Spain  India  Italy  Russia
10  Argentina  India  Brazil  Spain  Brazil  South Korea  Canada  Russia  Italy
Rank 1980 1985 1990 1995 2000 2005 2010 2015 2019
11  Mexico  Brazil  China  South Korea  Spain  Brazil  Russia  Canada  Canada
12  Spain  Mexico  India  Netherlands  South Korea  Mexico  Spain  South Korea  South Korea
13  Netherlands  Spain  Australia  Australia  India  India  Australia  Australia  Australia
14  India  Australia  Netherlands  India  Netherlands  Russia  South Korea  Spain  Mexico
15  Saudi Arabia  Netherlands  Mexico  Mexico  Australia  Australia  Mexico  Mexico  Spain
16  Australia  Sweden  South Korea   Switzerland  Argentina  Netherlands  Netherlands  Indonesia  Indonesia
17  Brazil  Argentina   Switzerland  Russia  Taiwan  Turkey  Turkey  Netherlands  Turkey
18  Sweden  South Korea  Sweden  Argentina  Turkey   Switzerland  Indonesia  Turkey  Netherlands
19  Belgium  Saudi Arabia  Turkey  Belgium  Russia  Belgium   Switzerland  Saudi Arabia  Saudi Arabia
20   Switzerland   Switzerland  Belgium  Taiwan   Switzerland  Sweden  Saudi Arabia   Switzerland  Nigeria

Twenty Largest Economies in the World by PPP GDP (IMF and CIA World Factbook)[edit]

The following is a list of twenty largest economies by GDP (PPP) at a specific year according to the CIA World Factbook and the International Monetary Fund.[10][11]

Rank 1980 1985 1990 1995 2000 2005 2010 2015 2019
1  United States  United States  United States  United States  United States  United States  United States  China  China
2  Soviet Union  Soviet Union  Soviet Union  Japan  China  China  China  United States  United States
3  Japan  Japan  Japan  China  Japan  Japan  India  India  India
4  West Germany  West Germany  West Germany  Germany  Germany  India  Japan  Japan  Japan
5  France  France  France  India  India  Germany  Germany  Germany  Germany
6  Italy  Italy  China  France  France  Russia  Russia  Russia  Russia
7  Brazil  Brazil  Italy  Italy  Italy  France  Brazil  Brazil  Brazil
8  United Kingdom  India  India  Russia  Russia  Brazil  France  Indonesia  Indonesia
9  Mexico  China  Brazil  Brazil  Brazil  United Kingdom  United Kingdom  France  France
10  India  United Kingdom  United Kingdom  United Kingdom  United Kingdom  Italy  Italy  United Kingdom  United Kingdom
Rank 1980 1985 1990 1995 2000 2005 2010 2015 2019
11  China  Mexico  Mexico  Mexico  Mexico  Mexico  Indonesia  Mexico  Mexico
12  Spain  Canada  Spain  Indonesia  Spain  Indonesia  Mexico  Italy  Italy
13  Canada  Spain  Canada  Spain  Indonesia  Spain  South Korea  South Korea  South Korea
14  Saudi Arabia  Indonesia  Indonesia  Canada  Canada  Canada  Spain  Saudi Arabia  Saudi Arabia
15  Indonesia  Iran  Saudi Arabia  South Korea  South Korea  South Korea  Canada  Canada  Turkey
16  Argentina  Saudi Arabia  Turkey  Saudi Arabia  Turkey  Turkey  Iran  Spain  Canada
17  Netherlands  Turkey  Iran  Turkey  Iran  Iran  Saudi Arabia  Turkey  Spain
18  Poland  Australia  South Korea  Iran  Saudi Arabia  Saudi Arabia  Turkey  Iran  Nigeria
19  Iran  Netherlands  Australia  Australia  Australia  Australia  Australia  Nigeria  Iran
20  Australia  Argentina  Netherlands  Thailand  Netherlands  Thailand  Taiwan  Australia  Australia

Twenty Largest Economies in the World by PPP GDP (World Bank)[edit]

Data from the World Bank differs from the other two sources.[12]

Rank 1990 1995 2000 2005 2010 2013
1  United States  United States  United States  United States  United States  United States
2  Japan  Japan  China  China  China  China
3  West Germany  China  Japan  Japan  India  India
4  Russia[13]  Germany  Germany  India  Japan  Japan
5  China  India  India  Germany  Germany  Germany
6  Italy  Brazil  United Kingdom  United Kingdom  Russia  Russia
7  France  Italy  France  Brazil  Brazil  Brazil
8  India  France  Brazil  France  France  France
9  Brazil  United Kingdom  Italy  Italy  United Kingdom  United Kingdom
10  United Kingdom  Russia  Mexico  Russia  Italy  Indonesia
Rank 1990 1995 2000 2005 2010 2013
11  Canada  Indonesia  Russia  Mexico  Indonesia  Italy
12  Spain  Mexico  Indonesia  Indonesia  Mexico  Mexico
13  Mexico  Canada  Canada  Spain  Spain  South Korea
14  Indonesia  Spain  Spain  South Korea  South Korea  Saudi Arabia
15  South Korea  South Korea  South Korea  Canada  Canada  Spain
16  Saudi Arabia  Saudi Arabia  Saudi Arabia  Saudi Arabia  Saudi Arabia  Canada
17  Ukraine[14]  Iran  Turkey  Iran  Turkey  Turkey
18  Iran  Thailand  Iran  Turkey  Iran  Iran
19  Australia  Australia  Australia  Australia  Australia  Australia
20  Netherlands  Netherlands  Netherlands  Thailand  Taiwan  Nigeria

1980 – 1990 – The European Economic Community, the United States and Japan lead expansion[edit]

At exchange rates, the global economic output expanded by US$11.5 trillion from 1980 to 1990. The five largest contributors to global output contraction are Argentina, Saudi Arabia, Nigeria, the Democratic Republic of the Congo, and Venezuela. At purchasing power parity, the global economic output expanded by US$13.7 trillion from 1980 to 1990. The following two tables are lists of the 20 largest contributors to global economic growth from 1980 to 1990 by International Monetary Fund.

List of the 20 Economies with the Greatest
Contribution to Global Economic Growth
in nominal GDP from 1980 to 1990
[15]
List of the 20 Economies with the Greatest
Contribution to Global Economic Growth
in GDP (PPP) from 1980 to 1990
[16]
Rank Country Share of Contribution to
Global GDP Growth
  World 100.0%
 European Economic Community 29.7%
1  United States 27.1%
2  Japan 6.3%
3  West Germany 5.8%
4  Italy 5.8%
5  France 5.0%
6  United Kingdom 4.2%
7  Canada 2.8%
8  Brazil 2.7%
9  Spain 2.6%
10  South Korea 1.9%
11  Australia 1.4%
12  India 1.3%
13   Switzerland 1.1%
14  Netherlands 1.1%
15  Taiwan 1.1%
16  Sweden 1.0%
17  Turkey 0.9%
18  China 0.8%
18  Finland 0.8%
20  Austria 0.7%
Remaining Countries 14.0%
Rank Country Share of Contribution to
Global GDP Growth
  World 100.0%
 European Economic Community 24.8%
1  United States 22.7%
2  Japan 9.9%
3  China 5.8%
4  West Germany 5.4%
5  India 4.6%
6  France 3.9%
7  Italy 3.8%
8  United Kingdom 3.3%
9  Brazil 3.0%
10  Mexico 2.3%
11  Indonesia 2.3%
12  Spain 2.2%
13  Canada 2.0%
14  South Korea 1.8%
15  Turkey 1.6%
16  Iran 1.4%
17  Australia 1.2%
18  Thailand 1.2%
19  Netherlands 1.1%
20  Taiwan 1.0%
Remaining Countries 19.6%

1990 – 2000 – United States dominates expansion[edit]

At exchange rates, the global economic output expanded by US$10.4 trillion from 1990 to 2000. At purchasing power parity, the global economic output expanded by US$22.0 trillion from 1990 to 2000.

List of the 20 Economies with the Greatest
Contribution to Global Economic Growth
in nominal GDP from 1990 to 2000
[15]
List of the 20 Economies with the Greatest
Contribution to Global Economic Growth
in GDP (PPP) from 1990 to 2000
[16]
Rank Country Share of Contribution to
Global GDP Growth
  World 100.0%
1  United States 41.6%
2  Japan 15.7%
 European Union 14.6%
3  China 7.6%
4  United Kingdom 4.6%
5  Mexico 3.7%
6  Germany 3.3%
7  South Korea 2.7%
8  Brazil 1.7%
9  Argentina 1.6%
10  Taiwan 1.6%
11  India 1.4%
12  Canada 1.4%
13  Poland 1.1%
14  Netherlands 0.9%
15  France 0.9%
16  Hong Kong 0.9%
17  Saudi Arabia 0.8%
18  Australia 0.7%
19  Israel 0.7%
20  Venezuela 0.7%
Remaining Countries 6.3%
Rank Country Share of Contribution to
Global GDP Growth
  World 100.0%
1  United States 19.5%
 European Union 19.1%
2  China 11.4%
3  India 5.1%
4  Japan 4.0%
5  Germany 3.4%
6  United Kingdom 2.6%
7  France 2.6%
8  Brazil 2.5%
9  Mexico 2.3%
10  Italy 2.2%
11  South Korea 2.0%
12  Indonesia 1.9%
13  Spain 1.7%
14  Canada 1.6%
15  Turkey 1.3%
16  Iran 1.2%
17  Taiwan 1.2%
18  Saudi Arabia 1.0%
19  Australia 1.0%
20  Netherlands 1.0%
Remaining Countries 30.5%

2000 – 2010 – Rise of Developing and Emerging Economies[edit]

At exchange rates, the global economic output expanded by US$31.6 trillion from 2000 to 2010. At purchasing power parity, the global economic output expanded by US$38.9 trillion from 2010 to 2010.

IMF's economic outlook for 2010 noted that banks faced a "wall" of maturing debt, which presents important risks for the normalization of credit conditions. There has been little progress in lengthening the maturity of their funding and, as a result, over $4 trillion in debt is due to be refinanced in the next 2 years.[17]`

While there have been some encouraging signs of economic recovery, especially in the United States, the global economic growth seems to be losing momentum. According to the IMF's World Economic Outlook report puplished in April 2012, "global growth is projected to drop from about 4 percent in 2011 to about 3½ percent in 2012 because of weak activity during the second half of 2011 and the first half of 2012."[18]

The following two tables are lists of the 20 largest contributors to global economic growth from 2000 to 2010 by International Monetary Fund.

List of the 20 Economies with the Greatest
Contribution to Global Economic Growth
in nominal GDP from 2000 to 2010
[19]
List of the 20 Economies with the Greatest
Contribution to Global Economic Growth
in GDP (PPP) from 2000 to 2010
[20]
Rank Country Share of Contribution to
Global GDP Growth
  World 100.0%
 European Union 25.0%
1  China 15.0%
2  United States 14.8%
3  Brazil 4.7%
4  Germany 4.5%
5  France 4.0%
6  Russia 4.0%
7  India 3.9%
8  Italy 3.0%
9  Canada 2.8%
10  Australia 2.7%
11  Spain 2.5%
12  United Kingdom 2.5%
13  Japan 2.4%
14  Indonesia 1.7%
15  South Korea 1.7%
16  Turkey 1.5%
17  Netherlands 1.4%
18  Mexico 1.2%
19  Saudi Arabia 1.0%
20  Iran 1.0%
Remaining Countries 23.6%
Rank Country Share of Contribution to
Global GDP Growth
  World 100.0%
1  China 21.8%
 European Union 12.8%
2  United States 12.0%
3  India 8.6%
4  Russia 3.9%
5  Brazil 3.0%
6  Japan 2.8%
7  Indonesia 2.5%
8  Germany 2.1%
9  South Korea 1.8%
10  United Kingdom 1.7%
11  France 1.7%
12  Iran 1.6%
13  Saudi Arabia 1.6%
14  Nigeria 1.5%
15  Mexico 1.5%
16  Turkey 1.4%
17  Spain 1.3%
18  Canada 1.1%
19  Italy 1.1%
20  Egypt 1.0%
Remaining Countries 25.9%

2010 – 2019 – China, the United States, the European Union, and India lead economic growth (estimates by IMF)[edit]

At exchange rates, the economic output of the world is expected to expand by US$36.9 trillion, €29.1 trillion from 2010 to 2019.[21] The following two tables are predictive lists of the 50 countries with the largest contribution to global economic growth from 2010 to 2019 by International Monetary Fund.

Predictive List of the 50 Economies with the
Greatest Contribution to Global Economic Growth
in Nominal GDP from 2010 to 2019
[22]
Predictive List of the 50 Economies with the Greatest
Contribution to Global Economic Growth
in GDP (PPP) from 2010 to 2019
[23]
Rank Country Incremental GDP
(billions of US$)
Share of Global
GDP Growth
  World 36,881.098 100.0%
1  China 9,569.208 25.9%
2  United States 7,183.437 19.5%
 European Union 5,799.148 15.7%
3  India 1,473.370 4.0%
4  United Kingdom 1,407.169 3.8%
5  Germany 1,245.197 3.4%
6  Russia 1,069.824 2.9%
7  South Korea 1,002.138 2.7%
8  Brazil 749.543 2.0%
9  France 741.047 2.0%
10  Mexico 657.176 1.8%
11  Australia 532.093 1.4%
12  Indonesia 521.547 1.4%
13  Canada 508.025 1.4%
14  Nigeria 456.278 1.2%
15  Saudi Arabia 435.428 1.2%
16  Italy 396.947 1.1%
17  Turkey 350.175 0.9%
18  Taiwan 322.635 0.9%
19  Philippines 317.698 0.9%
20  Egypt 309.917 0.8%
21  Malaysia 288.263 0.8%
22  Poland 279.391 0.8%
23  United Arab Emirates 276.490 0.7%
24  Spain 262.731 0.7%
25  Sweden 262.137 0.7%
26  Colombia 259.884 0.7%
27  Kazakhstan 238.678 0.6%
28  Iraq 197.678 0.5%
29  Bangladesh 188.413 0.5%
30   Switzerland 187.587 0.5%
31  Netherlands 186.922 0.5%
32  Norway 182.954 0.5%
33  Hong Kong 180.562 0.5%
34  Thailand 174.355 0.5%
35  Qatar 172.729 0.5%
36  Vietnam 168.643 0.5%
37  Pakistan 164.434 0.4%
38  Israel 160.268 0.4%
39  Chile 147.579 0.4%
40  Peru 146.727 0.4%
41  Argentina 144.765 0.4%
42  Austria 143.185 0.4%
43  Belgium 139.938 0.4%
44  Singapore 132.652 0.4%
45  Romania 124.382 0.3%
46  Denmark 121.805 0.3%
47  Algeria 114.717 0.3%
48  Angola 111.764 0.3%
49  New Zealand 110.118 0.3%
50  Kuwait 95.508 0.3%
Remaining Countries 2,266.987 6.1%
Rank Country Incremental GDP
(billions of US$)
Share of Global
GDP Growth
  World 56,019.645 100.0%
1  China 14,781.982 26.4%
2  United States 7,183.437 12.8%
 European Union 5,600.274 10.0%
3  India 5,565.327 9.9%
4  Indonesia 1,854.842 3.3%
5  Russia 1,212.894 2.2%
6  Japan 1,210.633 2.2%
7  Brazil 1,142.209 2.0%
8  Germany 1,130.875 2.0%
9  Mexico 1,057.009 1.9%
10  Saudi Arabia 1,029.846 1.8%
11  South Korea 920.135 1.6%
12  United Kingdom 904.845 1.6%
13  Nigeria 840.873 1.5%
14  Turkey 795.051 1.4%
15  France 755.645 1.3%
16  Canada 591.489 1.1%
17  Taiwan 535.994 1.0%
18  Thailand 519.437 0.9%
19  Pakistan 517.209 0.9%
20  Philippines 514.503 0.9%
21  Australia 489.155 0.9%
22  Malaysia 488.888 0.9%
23  Egypt 449.192 0.8%
24  Poland 448.379 0.8%
25  Bangladesh 430.764 0.8%
26  Italy 402.866 0.7%
27  Spain 402.652 0.7%
28  Colombia 391.239 0.7%
29  Iraq 373.297 0.7%
30  United Arab Emirates 363.407 0.6%
31  Vietnam 363.291 0.6%
32  Iran 342.331 0.6%
33  Kazakhstan 286.622 0.5%
34  Algeria 282.823 0.5%
35  South Africa 277.892 0.5%
36  Qatar 270.250 0.5%
37  Peru 257.053 0.5%
38  Chile 228.414 0.4%
39  Argentina 228.102 0.4%
40  Burma 225.843 0.4%
41  Netherlands 212.996 0.4%
42  Singapore 212.815 0.4%
43  Hong Kong 196.279 0.4%
44  Sri Lanka 175.052 0.3%
45  Sweden 168.946 0.3%
46  Romania 166.428 0.3%
47  Morocco 157.550 0.3%
48   Switzerland 146.828 0.3%
49  Venezuela 140.803 0.3%
50  Kuwait 138.417 0.2%
Remaining Countries 4,236.836 7.6%

Statistical indicators[edit]

Economy[edit]

  • GDP (GWP) (gross world product): (purchasing power parity exchange rates) – $59.38 trillion (2005 est.), $51.48 trillion (2004), $23 trillion (2002)
  • GDP (GWP) (gross world product):[24] (market exchange rates) – $60.69 trillion (2008)
  • GDP – real growth rate: 3.2% (2008), 3.1% p.a. (2000–07), 2.4% p.a. (1990–99), 3.1% p.a. (1980–89)
  • GDP – per capita: purchasing power parity – $9,300, €7,500 (2005 est.), $8,200, €6,800 (92) (2003), $7,900, €5,000 (2002)
  • World median income: purchasing power parity $1,041, €950 (1993)[25]
  • GDP – composition by sector: agriculture: 4%; industry: 32%; services: 64% (2004 est.)
  • Inflation rate (consumer prices): developed countries 1% to 4% typically; developing countries 5% to 60% typically; national inflation rates vary widely in individual cases, from declining prices in Japan to hyperinflation in several Third World countries (2003)
  • Derivatives OTC outstanding notional amount: $601 trillion (Dec 2010) ([11])
  • Derivatives exchange traded outstanding notional amount: $82 trillion (June 2011) ([12])
  • Global debt issuance: $5.187 trillion, €3 trillion (2004), $4.938 trillion, €3.98 trillion (2003), $3.938 trillion (2002) (Thomson Financial League Tables)
  • Global equity issuance: $505 billion, €450 billion (2004), $388 billion. €320 billion (2003), $319 billion, €250 trillion (2002) (Thomson Financial League Tables)

Employment[edit]

World GDP per capita between 1500–2000 (log scale)
World GDP per capita between 1500–2003
GDP increase, 1990–1998 and 1990–2006, in major countries.
  • Unemployment rate: 8.7% (2009 est.). 30% (2007 est.) combined unemployment and underemployment in many non-industrialized countries; developed countries typically 4%–12% unemployment.

Industries[edit]

  • Industrial production growth rate: 3% (2002 est.)

Energy[edit]

  • Yearly electricity – production: 21,080,878 GWh (2011 est.),[26] 15,850,000 GWh (2003 est.), 14,850,000 GWh (2001 est.)
  • Yearly electricity – consumption: 14,280,000 GWh (2003 est.), 13,930,000 GWh (2001 est.)
  • Oil – production: 79,650,000 bbl/d (12,663,000 m3/d) (2003 est.), 75,460,000 barrels per day (11,997,000 m3/d) (2001)
  • Oil – consumption: 80,100,000 bbl/d (12,730,000 m3/d) (2003 est.), 76,210,000 barrels per day (12,116,000 m3/d) (2001)
  • Oil – proved reserves: 1.025 trillion barrel (163 km³) (2001 est.)
  • Natural gas – production: 3,366 km³ (2012 est.),[27] 2,569 km³ (2001 est.)
  • Natural gas – consumption: 2,556 km³ (2001 est.)
  • Natural gas – proved reserves: 161,200 km³ (1 January 2002)

Cross-border[edit]

  • Yearly exports: $12.4 trillion, €8.75 trillion (2009 est.)
  • Exports – commodities: the whole range of industrial and agricultural goods and services
  • Exports – partners: US 12.7%, Germany 7.1%, China 6.2%, France 4.4%, Japan 4.2%, UK 4.1% (2008)
  • Yearly imports: $12.29 trillion, €9 trillion (2009 est.)
  • Imports – commodities: the whole range of industrial and agricultural goods and services
  • Imports – partners: China 10.3%, Germany 8.6%, US 8.1%, Japan 5% (2008)
  • Debt – external: $56.9 trillion, €40 trillion (31 December 2009 est.)

Gift economy[edit]

Communications[edit]

Telephones – main lines in use: 843,923,500 (2007)
4,263,367,600 (2008)

  • Telephones – mobile cellular: 3,300,000,000 (Nov. 2007)[28]
  • Internet Service Providers (ISPs): 10,350 (2000 est.)
  • Internet users: 1,311,050,595 (January 18, 2008 [13] est.), 1,091,730,861 (December 30, 2006 [29] est.), 604,111,719 (2002 est.)

Transport[edit]

Transportation infrastructure worldwide includes:

  • Airports
    • Total: 41,821 (2013)[30]
  • Roadways (in kilometres)
    • Total: 32,345,165 km
    • Paved: 19,403,061 km
    • Unpaved: 12,942,104 km (2002)
  • Railways

Military[edit]

  • World military expenditure in 2012: estimated to $1.756 trillion [31]
  • Military expenditures – percent of GDP: roughly 2% of gross world product (1999).

Economic Studies[edit]

To promote exports, many government agencies publish on the web economic studies by sector and country. Among these agencies include the USCS (US DoC) and FAS (USDA) in the United States, EDC and AAFC in Canada, Ubifrance in France, UKTI in the UK, HKTDC and JETRO in Asia, Austrade and NZTE in Oceania. Through Partnership Agreements, The Federation of International Trade Associations publishes studies from several of these agencies (USCS, FAS, AAFC, UKTI, HKTDC), as well as other non-governmental organizations on its website GlobalTrade.net.

See also[edit]

Regional economies:

Events:

Lists:

References[edit]

  1. ^ a b c "IMF". imf.org. Retrieved 2014-10-10. 
  2. ^ http://www.forbes.com/billionaires/list. Forbes. 
  3. ^ http://www.bls.gov/bls/newsrels.htm#major. BLS. 
  4. ^ http://siteresources.worldbank.org/ICPEXT/Resources/ICP_2011.html
  5. ^ [1] IMF nominal GDP Data (October 2014)
  6. ^ [2] IMF GDP (PPP) Data (October 2014)
  7. ^ [3] IMF GDP (nominal) 2013 and 2014 Data (October 2014)
  8. ^ [4] IMF GDP (PPP) 2013 and 2014 Data (October 2014)
  9. ^ "Gross domestic product, current prices". International Monetary Fund. International Monetary Fund. 2014. Retrieved October 7, 2014. 
  10. ^ "Gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP; Current international dollar". International Monetary Fund. October 2014. Retrieved October 7, 2014. 
  11. ^ "GDP (PURCHASING POWER PARITY)". CIA World Factbook. CIA World Factbook. 2014. Retrieved October 7, 2014. 
  12. ^ "GDP, PPP (current international $)". World Bank. World Bank. Retrieved July 2, 2014. 
  13. ^ Republic of the Soviet Union
  14. ^ Republic of the Soviet Union
  15. ^ a b [5] IMF nominal GDP Data (October 2014)
  16. ^ a b [6] IMF GDP (PPP) Data (October 2014)
  17. ^ "p.11" (PDF). Retrieved 2012-07-17. 
  18. ^ http://www.imf.org/external/pubs/ft/weo/2012/01/pdf/text.pdf
  19. ^ [7] IMF nominal GDP Data (October 2014)
  20. ^ [8] IMF GDP (PPP) Data (October 2014)
  21. ^ "IMF World GDP Data (October 2014)". Imf.org. 2014-10-09. Retrieved 2014-10-09. 
  22. ^ [9] IMF nominal GDP Data (October 2014)
  23. ^ [10] IMF GDP (PPP) Data (October 2014)
  24. ^ "IMF World Economic Outlook, Crisis and Recovery, April 2009". Imf.org. 2009-04-16. Retrieved 2012-07-17. 
  25. ^ B. Milanovic (January 2002). "True World Income Distribution, 1988 and 1993: First Calculation Based on Household Surveys Alone". Retrieved 13 May 2011. 
  26. ^ http://www.eia.gov/cfapps/ipdbproject/IEDIndex3.cfm?tid=2&pid=2&aid=12
  27. ^ http://www.eia.gov/cfapps/ipdbproject/iedindex3.cfm?tid=3&pid=3&aid=1&cid=regions&syid=2008&eyid=2012&unit=BCF
  28. ^ global cellphone penetration reaches 50 percent
  29. ^ "World Internet Usage Statistics News and World Population Stats". Internetworldstats.com. Retrieved 2012-07-17. 
  30. ^ https://www.cia.gov/library/publications/the-world-factbook/fields/2053.html
  31. ^ http://www.sipri.org/yearbook/2013/03

External links[edit]