World economy

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Economy of the world
Statistics
Population 7.095 billion (July 2013 est.)[1]
GDP Nominal: US$71.83 trillion (2012 est.)[1]
PPP: US$84.97 trillion (2012 est.)[1]
GDP growth
3% (2012)
GDP per capita
Nominal: US$7,178
PPP: US$12,700 (2012 est.)
~10 million i.e. ~0.15% (2009)
Billionaires (US$) 1,011 (2010)[2]
People earn below US$2 per day ~3.25 billion (~50%)
Unemployment 9% (2012 est.)
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).[3]

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 7.01 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, and Italy.

Economy – overview[edit]

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.[4]

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

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.[5][6]

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

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

Data from the World Bank differs from the other two sources.[7]

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  Germany  China  Japan  Japan  India  India
4  Russia  Germany  India  India  Japan  Japan
5  China  India  Germany  Germany  Germany  Germany
6  India  Brazil  United Kingdom  United Kingdom  Russia  Russia
7  France  Italy  France  Brazil  Brazil  Brazil
8  Italy  France  Brazil  France  France  France
9  Brazil  United Kingdom  Italy  Russia  United Kingdom  Indonesia
10  United Kingdom  Russia  Mexico  Italy  Italy  United Kingdom
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  South Korea  South Korea
14  Indonesia  Spain  Spain  South Korea  Spain  Saudi Arabia
15  Saudi Arabia  South Korea  South Korea  Canada  Canada  Canada
16  South Korea  Saudi Arabia  Saudi Arabia  Saudi Arabia  Saudi Arabia  Spain
17  Ukraine  Iran  Turkey  Iran  Turkey  Turkey
18  Iran  Thailand  Iran  Turkey  Iran  Iran
19  Australia  Australia  Australia  Australia  Australia  Nigeria
20  Netherlands  Taiwan  Taiwan  Thailand  Taiwan  Australia

1980 – 1990 - European Union, United States and Japan lead expansion[edit]

At exchange rates, the economic output of 112 markets expanded by $10.7 trillion from 1980 to 1990. The economic output of 34 markets contracted by $276.9 billion from 1980 to 1990. The five largest contributors to global output contraction are Argentina at 24%, Saudi Arabia at 17%, Nigeria at 11%, Venezuela at 8%, and Vietnam at 8%. At purchasing power parity, the economic output of 145 markets expanded by $12.1 trillion from 1980 to 1990. The economic output of 2 markets contracted by $3.5 billion from 1980 to 1990. The two contributors to global output contraction are Lebanon at 70% and Libya at 30%. The following two tables are lists of twenty largest economies by incremental GDP from 1980 to 1990 by International Monetary Fund.

List of Economies by Incremental Nominal GDP from 1980 to 1990[8] List of Economies by Incremental GDP (PPP) from 1980 to 1990[9]
Rank Country Incremental GDP (billions of US$) Share of Global Incremental GDP
  World 11,490.451 100.00%
 European Union 3,392.636 29.53%
1  United States 3,117.075 27.13%
2  Japan 2,016.711 17.55%
3  Germany 720.884 6.27%
4  Italy 670.195 5.83%
5  France 556.091 4.84%
6  United Kingdom 482.106 4.20%
7  Canada 320.242 2.79%
8  Brazil 316.089 2.75%
9  Spain 296.047 2.58%
10  South Korea 206.020 1.79%
11  Australia 160.912 1.40%
12  India 137.490 1.20%
13   Switzerland 131.499 1.14%
14  Taiwan 122.749 1.07%
15  Netherlands 118.373 1.03%
16  Sweden 111.615 0.97%
17  Turkey 108.288 0.94%
18  China 86.914 0.76%
18  Finland 86.180 0.75%
20  Austria 85.059 0.74%
Remaining Countries 1,639.912 14.27%
Rank Country Incremental GDP (billions of US$) Share of Global Incremental GDP
  World 12,326.006 100.00%
 European Union 3,161.584 25.65%
1  United States 3,117.075 25.29%
2  Japan 1,374.138 11.15%
3  Germany 683.343 5.54%
4  China 663.904 5.39%
5  France 489.393 3.97%
6  India 468.430 3.80%
7  United Kingdom 466.554 3.79%
8  Italy 466.268 3.78%
9  Brazil 339.445 2.75%
10  Mexico 285.770 2.32%
11  Canada 279.257 2.27%
12  Spain 278.857 2.26%
13  South Korea 248.352 2.01%
14  Turkey 175.242 1.42%
15  Indonesia 169.345 1.37%
16  Australia 159.607 1.29%
17  Taiwan 137.532 1.12%
18  Netherlands 132.180 1.07%
19  Iran 132.023 1.07%
20  Thailand 113.339 0.92%
Remaining Countries 2,145.952 17.41%

1990 – 2000 - United States dominates expansion[edit]

At exchange rates, the economic output of 122 markets expanded by $10.7 trillion from 1990 to 2000. The economic output of 29 markets contracted by $94.2 billion from 1990 to 2000. The five largest contributors to global output contraction are Italy at 37%, Finland at 18%, Bulgaria at 9%, Algeria at 8%, and the Democratic Republic of Congo at 5%.

At purchasing power parity, the economic output of 148 markets expanded by $16.9 trillion from 1990 to 2000. The economic output of 3 markets contracted by $17.8 billion from 1990 to 2000. The three contributors to global output contraction are Bulgaria at 64%, the Democratic Republic of Congo at 29% and Sierra Leone at 7%.

List of Economies by Incremental Nominal GDP from 1990 to 2000[8] List of Economies by Incremental GDP (PPP) from 1990 to 2000[9]
Rank Country Incremental GDP (billions of US$) Share of Global Incremental GDP
  World 10,321.649 100.00%
1  United States 4,310.175 41.76%
2  Japan 1,627.500 15.77%
 European Union 1,492.890 14.46%
3  China 808.198 7.83%
4  United Kingdom 472.048 4.57%
5  Mexico 393.570 3.81%
6  Germany 344.908 3.34%
7  South Korea 262.980 2.55%
8  Brazil 179.730 1.74%
9  Taiwan 161.188 1.56%
10  India 147.296 1.43%
11  Canada 144.839 1.40%
12  Argentina 143.064 1.39%
13  Poland 109.179 1.06%
14  Hong Kong 93.621 0.91%
15  Netherlands 90.634 0.88%
16  France 82.871 0.80%
17  Saudi Arabia 78.115 0.76%
18  Australia 75.803 0.73%
19  Israel 71.080 0.69%
20  Venezuela 68.753 0.67%
Remaining Countries 656.097 6.36%
Rank Country Incremental GDP (billions of US$) Share of Global Incremental GDP
  World 19,059.703 100.00%
1  United States 4,310.175 22.61%
 European Union 3,925.599 20.60%
2  China 2,105.840 11.05%
3  Japan 881.303 4.62%
4  India 828.723 4.35%
5  Germany 695.317 3.65%
6  United Kingdom 599.501 3.15%
7  France 503.722 2.64%
8  Mexico 454.921 2.39%
9  Brazil 447.138 2.35%
10  South Korea 440.060 2.31%
11  Italy 426.358 2.24%
12  Canada 351.360 1.84%
13  Spain 348.118 1.83%
14  Taiwan 250.799 1.32%
15  Indonesia 223.872 1.17%
16  Turkey 221.194 1.16%
17  Australia 219.108 1.15%
18  Netherlands 190.887 1.00%
19  Iran 190.056 1.00%
20  Poland 173.021 0.91%
Remaining Countries 5,198.230 27.27%

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

2000 – 2006 – United States still leads, but China is catching up

At exchange rates, the economic output of 176 markets expanded by $17.4 trillion from 2000 to 2006. The five largest contributors to global output expansion are the United States at 20%, China at 9%, Germany at 6%, the United Kingdom at 6%, and France at 5%. The economic output of 4 markets contracted by $94.2 billion from 2000 to 2006. The three largest contributors to global output contraction are Japan at 80%, Argentina at 19%, and Uruguay at 1%.

At purchasing power parity, the economic output of 180 markets expanded by $19.2 trillion from 2000 to 2006. The five largest contributors to global output expansion are the United States at 18%, China at 17%, India at 6%, Japan at 5%, and Russia at 4%.

2007 – China leads expansion

The economic output by nominal GDP of 183 markets expanded by $6.4 trillion during 2007. China accounted for 12% while the United States accounted for 10%, Germany accounted for 6%, and the United Kingdom accounted for 6% of the global output expansion.

2008 – credit crisis begins

The economic output of 171 markets expanded by $5.8 trillion during 2008. China accounted for one-sixth of the global output expansion. The economic output of 11 markets contracted by $267 billion during 2008. The United Kingdom accounted for one-half while South Korea accounted for two-fifth of the global output contraction. Though the crisis first affected most countries in 2008, it was not yet deep enough to reverse growth.

2009 – credit crisis spreads

At exchange rates, the economic output of 127 markets contracted by $4.1 trillion during 2009. The United Kingdom was the largest victim accounting for 12% while Russia accounted for 11% and Germany accounted for 8% of the global output contraction. The economic output of 56 markets expanded by $767.1 billion during 2009. China accounted for 61% while Japan accounted for 20% and Indonesia accounted for 4% of the global output expansion.

At purchasing power parity, the economic output of 79 markets contracted by $1.4 trillion during 2009. The United States was the largest victim accounting for 18% while Japan accounted for 17% and Russia accounted for 10% of the global output contraction. The economic output of 104 markets expanded by $1.5 trillion during 2009. China accounted for 56% while India accounted for 17% and Indonesia accounted for 3% of the global output expansion.

2010 – recovery

At exchange rates, the economic output of 148 markets expanded by $5.3 trillion during 2010. The five largest contributors to global output expansion are China at 17%, the United States at 10%, Brazil at 9%, Japan at 8%, and India at 5%. The economic output of 35 markets contracted by $338.5 billion during 2010. The five largest contributors to global output contraction are France at 22%, Italy at 18%, Spain at 17%, Venezuela at 10%, and Germany at 7%.

At purchasing power parity, the economic output of 169 markets expanded by $4.2 trillion during 2010. The five largest contributors to global output expansion are China at 25%, the United States at 13%, India at 10%, Japan at 5%, and Brazil at 4%. The economic output of 14 markets contracted by $17.8 billion during 2010. The five largest contributors to global output contraction are Greece at 67%, Venezuela at 19%, Romania at 5%, Haiti at 3%, and Croatia at 2%.

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.[10]`

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."[11]

The following two tables are lists of twenty largest economies by incremental GDP from 2000 to 2010 by International Monetary Fund.

List of Economies by Incremental Nominal GDP from 2000 to 2010[12] List of Economies by Incremental GDP (PPP) from 2000 to 2010[13]
Rank Country Incremental GDP (billions of US$) Share of Global Incremental GDP
  World 31,288.096 100.00%
 European Union 7,825.597 25.01%
1  China 4,731.916 15.12%
2  United States 4,668.575 14.92%
3  Brazil 1,498.171 4.79%
4  Germany 1,418.666 4.53%
5  Russia 1,265.213 4.04%
6  France 1,239.598 3.96%
7  India 1,231.905 3.94%
8  Italy 951.940 3.04%
9  Canada 874.621 2.80%
10  Australia 849.780 2.72%
11  Spain 805.379 2.57%
12  United Kingdom 800.324 2.56%
13  Japan 764.188 2.44%
14  Indonesia 544.321 1.74%
15  South Korea 481.505 1.54%
16  Turkey 464.868 1.49%
17  Netherlands 392.403 1.25%
18  Mexico 367.308 1.17%
19  Saudi Arabia 332.003 1.06%
20  Iran 322.678 1.03%
Remaining Countries 7,282.734 23.28%
Rank Country Incremental GDP (billions of US$) Share of Global Incremental GDP
  World 32,224.393 100.00%
1  China 7,020.396 21.79%
2  United States 4,668.575 14.49%
 European Union 4,580.465 14.21%
3  India 2,523.446 7.83%
4  Russia 1,099.522 3.41%
5  Japan 1,090.543 3.38%
6  Brazil 931.160 2.89%
7  Germany 778.957 2.42%
8  United Kingdom 686.257 2.13%
9  South Korea 678.554 2.11%
10  France 579.300 1.80%
11  Indonesia 523.852 1.63%
12  Mexico 520.424 1.62%
13  Iran 504.007 1.56%
14  Spain 457.441 1.42%
15  Canada 448.289 1.39%
16  Turkey 448.285 1.39%
17  Saudi Arabia 380.957 1.18%
18  Italy 377.037 1.17%
19  Taiwan 364.863 1.13%
20  Australia 344.091 1.07%
Remaining Countries 7,798.437 24.20%

2010 – 2019 – China and US economic growth[edit]

At exchange rates, the economic output of the world is expected to expand by US$36.8 trillion, €26.5 trillion from 2010 to 2019.[14] The following two tables are predictive lists of the fifty largest economies by incremental GDP from 2010 to 2019 by International Monetary Fund.

Predictive List of Economies by Incremental Nominal GDP from 2010 to 2019[15] Predictive List of Economies by Incremental GDP (Purchasing Power Parity) from 2010 to 2019[16]
Rank Country Incremental GDP (billions of US$) Share of Global Incremental GDP
  World 36,827.103 100.00%
1  China 8,908.849 24.19%
2  United States 7,131.694 19.37%
 European Union 7,067.512 19.19%
3  Germany 1,560.568 4.24%
4  United Kingdom 1,460.324 3.97%
5  India 1,387.777 3.77%
6  France 1,076.593 2.92%
7  Russia 972.839 2.64%
8  South Korea 859.080 2.33%
9  Brazil 789.486 2.14%
10  Mexico 626.932 1.70%
11  Italy 589.155 1.60%
12  Indonesia 542.533 1.47%
13  Canada 510.167 1.39%
14  Australia 487.535 1.32%
15  Saudi Arabia 405.401 1.10%
16  Sweden 325.428 0.88%
17  Philippines 322.680 0.88%
18  Turkey 320.597 0.87%
19  Egypt 312.227 0.85%
20  Spain 310.822 0.84%
21  Malaysia 290.489 0.79%
22  Netherlands 269.554 0.73%
23  Taiwan 267.601 0.73%
24   Switzerland 266.608 0.72%
25  Poland 262.856 0.71%
26  Colombia 238.994 0.65%
27  Nigeria 238.147 0.65%
28  United Arab Emirates 235.282 0.64%
29  Iraq 231.475 0.63%
30  Japan 222.981 0.61%
31  Norway 187.094 0.51%
32  Hong Kong 185.521 0.50%
33  Belgium 183.934 0.50%
34  Austria 179.779 0.49%
35  Kazakhstan 173.919 0.47%
36  Thailand 172.612 0.47%
37  Qatar 172.242 0.47%
38  Israel 167.576 0.46%
39  Peru 165.321 0.45%
40  Pakistan 164.434 0.45%
41  Chile 155.862 0.42%
42  Bangladesh 153.877 0.42%
43  Vietnam 152.633 0.41%
44  Singapore 144.899 0.39%
45  Romania 123.881 0.34%
46  Denmark 112.076 0.30%
47  Finland 107.007 0.29%
48  Ukraine 103.589 0.28%
49  South Africa 101.423 0.28%
50  Angola 101.028 0.27%
Remaining Countries 2,397.332 6.51%
Rank Country Incremental GDP (billions of US$) Share of Global Incremental GDP
  World 46,165.405 100.0%
1  China 12,366.135 26.79%
2  United States 7,131.694 15.45%
 European Union 5,035.164 10.91%
3  India 4,090.399 8.86%
4  Japan 1,229.797 2.66%
5  Brazil 1,050.137 2.27%
6  Russia 1,047.633 2.27%
7  Germany 1,009.575 2.19%
8  Indonesia 1,007.972 2.18%
9  Mexico 941.013 2.04%
10  United Kingdom 892.649 1.93%
11  South Korea 870.542 1.89%
12  France 695.627 1.51%
13  Turkey 624.117 1.35%
14  Saudi Arabia 595.145 1.29%
15  Canada 584.486 1.27%
16  Taiwan 503.606 1.09%
17  Australia 452.550 0.98%
18  Nigeria 423.497 0.92%
19  Poland 400.286 0.87%
20  Thailand 376.196 0.81%
21  Philippines 366.810 0.79%
22  Italy 363.060 0.79%
23  Malaysia 359.558 0.78%
24  Pakistan 337.508 0.73%
25  Colombia 335.760 0.73%
26  Argentina 311.966 0.68%
27  Spain 301.682 0.65%
28  Bangladesh 278.187 0.60%
29  Egypt 276.420 0.60%
30  Vietnam 275.260 0.60%
31  South Africa 266.861 0.58%
32  Peru 264.254 0.57%
33  Iraq 263.876 0.57%
34  Iran 261.454 0.57%
35  Chile 206.357 0.45%
36  Hong Kong 206.149 0.45%
37  Netherlands 192.127 0.42%
38  Singapore 189.142 0.41%
39  Kazakhstan 187.447 0.41%
40  Qatar 181.405 0.39%
41  Algeria 161.614 0.35%
42  United Arab Emirates 159.694 0.35%
43  Sweden 157.830 0.34%
44  Israel 141.170 0.31%
45   Switzerland 131.047 0.28%
46  Romania 126.046 0.27%
47  Morocco 118.915 0.26%
48  Venezuela 118.840 0.26%
49  Sri Lanka 118.266 0.26%
50  Ethiopia 117.635 0.25%
Remaining Countries 3,096.009 6.71%

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):[17] (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)[18]
  • 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) ([7])
  • Derivatives exchange traded outstanding notional amount: $82 trillion (June 2011) ([8])
  • 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.),[19] 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.),[20] 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)[21]
  • Internet Service Providers (ISPs): 10,350 (2000 est.)
  • Internet users: 1,311,050,595 (January 18, 2008 [9] est.), 1,091,730,861 (December 30, 2006 [22] est.), 604,111,719 (2002 est.)

Transport[edit]

Transportation infrastructure worldwide includes:

  • Airports
    • Total: 41,821 (2013)[23]
  • 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 [24]
  • 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 "CIA - The World Factbook". Cia.gov. Retrieved 2013-09-04. 
  2. ^ "Forbes rich list: the billionaires you've never heard of". The Daily Telegraph. 11 March 2010. 
  3. ^ http://siteresources.worldbank.org/ICPEXT/Resources/ICP_2011.html
  4. ^ "Gross domestic product, current prices". International Monetary Fund. International Monetary Fund. 2014. Retrieved June 7, 2014. 
  5. ^ "Gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP; Current international dollar". International Monetary Fund. April 2014. Retrieved June 22, 2014. 
  6. ^ "GDP (PURCHASING POWER PARITY)". CIA World Factbook. CIA World Factbook. 2013. Retrieved June 8, 2014. 
  7. ^ "GDP, PPP (current international $)". World Bank. World Bank. Retrieved July 2, 2014. 
  8. ^ a b [1] IMF nominal GDP Data (September 2011)
  9. ^ a b [2] IMF GDP (PPP) Data (September 2011)
  10. ^ "p.11" (PDF). Retrieved 2012-07-17. 
  11. ^ http://www.imf.org/external/pubs/ft/weo/2012/01/pdf/text.pdf
  12. ^ [3] IMF nominal GDP Data (October 2013)
  13. ^ [4] IMF GDP (PPP) Data (October 2013)
  14. ^ "IMF World GDP Data (April 2014)". Imf.org. 2006-09-14. Retrieved 2014-04-10. 
  15. ^ [5] IMF nominal GDP Data (April 2014)
  16. ^ [6] IMF GDP (PPP) Data (April 2014)
  17. ^ "IMF World Economic Outlook, Crisis and Recovery, April 2009". Imf.org. 2009-04-16. Retrieved 2012-07-17. 
  18. ^ B. Milanovic (January 2002). "True World Income Distribution, 1988 and 1993: First Calculation Based on Household Surveys Alone". Retrieved 13 May 2011. 
  19. ^ http://www.eia.gov/cfapps/ipdbproject/IEDIndex3.cfm?tid=2&pid=2&aid=12
  20. ^ http://www.eia.gov/cfapps/ipdbproject/iedindex3.cfm?tid=3&pid=3&aid=1&cid=regions&syid=2008&eyid=2012&unit=BCF
  21. ^ global cellphone penetration reaches 50 percent
  22. ^ "World Internet Usage Statistics News and World Population Stats". Internetworldstats.com. Retrieved 2012-07-17. 
  23. ^ https://www.cia.gov/library/publications/the-world-factbook/fields/2053.html
  24. ^ http://www.sipri.org/yearbook/2013/03

External links[edit]