World economy

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Economy of the world
Statistics
Population 7.095 billion (July 2013 est.)[1]
GDP Nominal: $77.609 trillion (2014 est.)[1]
PPP: $106.998 trillion (2014 est.)[1]
GDP growth
3.4% (2014)[2]
GDP per capita
Nominal: $7,178
PPP: $12,700 (2012 est.)
~10 million i.e. ~0.15% (2009)
Billionaires 1,594 (2014) [3]
People earn below $2 per day ~3.25 billion (~50%)
Unemployment 5.4% (Nov.2014)[4]
note: 30% combined unemployment and underemployment in many non-industrialized countries; developed countries typically 4%–12% unemployment (2007 est.)
Trailing-ten-years. Some numbers exclude certain countries for lack of information.

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

The world economy or global economy is the economy of the world, considered as an international exchange of goods and services.[5] In some contexts, the two terms are distinguished: the "international" or "global economy" being measured separately and distinguished from national economies while the "world economy" is simply an aggregate of the separate countries' measurements. Beyond the minimum standard concerning value in production, use, and exchange the definitions, representations, models, and valuations of the world economy vary widely. It is inseparable from the geography and ecology of Earth.

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).[6]

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 2015, 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 and India.[7]

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 2015, twenty-five largest economies by GDP (PPP) in 2015, and the twenty-five economies with the largest shares of global economic growth in 2015. Members of the G-20 major economies are in bold.

List of the 25 largest economies
by GDP (nominal) in 2015 in Billions US$
[8]
List of the 25 largest economies
by GDP (PPP) in 2015 in Billions US$
[9]
List of the 25 largest economies
by contribution to global economic
growth by GDP (nominal) over 2014-15
[10]
List of the 25 largest economies
by contribution to global economic
growth by GDP (PPP) over 2014-15
[11]
Rank Country Value
(USD$)
World 74,551
1  United States 18,125
 European Union 16,449
2  China 11,212
3  Japan 4,210
4  Germany 3,413
5  United Kingdom 2,853
6  France 2,470
7  India 2,308
8  Brazil 1,904
9  Italy 1,843
10  Canada 1,615
11  South Korea 1,435
12  Australia 1,252
13  Mexico 1,232
14  Spain 1,230
15  Russia 1,176
16  Indonesia 896
17  Turkey 753
18  Netherlands 749
19   Switzerland 688
20  Saudi Arabia 649
21  Argentina 563
22  Taiwan 528
23  Nigeria 515
24  Poland 491
25  Sweden 487
Rank Country Value
(USD$)
World 112,552
 European Union 19,035
1  China 18,976
2  United States 18,125
3  India 7,997
4  Japan 4,843
5  Germany 3,815
6  Russia 3,458
7  Brazil 3,259
8  Indonesia 2,840
9  United Kingdom 2,641
10  France 2,634
11  Mexico 2,224
12  Italy 2,157
13  South Korea 1,854
14  Saudi Arabia 1,668
15  Canada 1,640
16  Spain 1,619
17  Turkey 1,569
18  Iran 1,354
19  Australia 1,137
20  Taiwan 1,125
21  Nigeria 1,109
22  Thailand 1,031
23  Poland 996
24  Egypt 990
25  Argentina 953
Rank Country Percentage
(%)
World 100.0
1  China 40.2
2  United States 34.1
3  India 12.5
4  Egypt 1.8
5  Philippines 1.1
6  Argentina 1.1
7  Hong Kong 1.0
8  Bangladesh 1.0
9  Vietnam 0.9
10  South Korea 0.9
11  Thailand 0.6
12  Indonesia 0.3
13  Burma 0.3
14  Sri Lanka 0.3
15  Guatemala 0.3
16  Uzbekistan 0.3
17  Ethiopia 0.3
18  Kenya 0.2
19  Lebanon 0.2
20  Costa Rica 0.2
21  Democratic Republic of the Congo 0.2
22  Papua New Guinea 0.2
23  Panama 0.2
24  Israel 0.2
25  Sudan 0.1
Rank Country Percentage
(%)
World 100.0
1  China 29.3
2  United States 15.2
3  India 13.4
 European Union 11.0
4  Indonesia 3.5
5  Germany 2.0
6  United Kingdom 2.0
7  Japan 2.0
8  Mexico 1.8
9  South Korea 1.6
10  Saudi Arabia 1.3
11  Turkey 1.3
12  Nigeria 1.3
13  France 1.1
14  Philippines 1.1
15  Spain 1.1
16  Taiwan 1.1
17  Canada 1.1
18  Egypt 1.0
19  Pakistan 1.0
20  Thailand 1.0
21  Malaysia 0.9
22  Poland 0.9
23  Australia 0.9
24  Bangladesh 0.8
25  Vietnam 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.[12]

Rank 1980 1985 1990 1995 2000 2005 2010 2015 2020
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  India
7  Italy  Italy  United Kingdom  Brazil  Italy  Italy  Brazil  India  France
8  China  Canada  Canada  China  Canada  Canada  Italy  Brazil  Brazil
9  Canada  China  Spain  Spain  Mexico  Spain  India  Italy  Italy
10  Argentina  India  Brazil  Canada  Brazil  South Korea  Canada  Canada  Russia
Rank 1980 1985 1990 1995 2000 2005 2010 2015 2020
11  Mexico  Brazil  China  South Korea  Spain  Brazil  Russia  South Korea  Canada
12  Spain  Mexico  India  Netherlands  South Korea  Mexico  Spain  Australia  South Korea
13  Netherlands  Spain  Australia  Australia  India  India  Australia  Mexico  Mexico
14  India  Australia  Netherlands  India  Netherlands  Russia  South Korea  Spain  Australia
15  Saudi Arabia  Netherlands  Mexico  Mexico  Australia  Australia  Mexico  Russia  Spain
16  Australia  Indonesia  South Korea   Switzerland  Argentina  Netherlands  Netherlands  Indonesia  Indonesia
17  Brazil  Sweden   Switzerland  Russia  Taiwan  Turkey  Indonesia  Turkey  Turkey
18  Sweden   Switzerland  Sweden  Argentina   Switzerland   Switzerland  Turkey  Netherlands  Netherlands
19  Belgium  Argentina  Turkey  Belgium  Turkey  Sweden   Switzerland   Switzerland  Saudi Arabia
20   Switzerland  Saudi Arabia  Belgium  Taiwan  Sweden  Belgium  Saudi Arabia  Saudi Arabia  Taiwan

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.[13][14]

Data from the World Bank differs from the other two sources.[15]

Rank 1980 1985 1990 1995 2000 2005 2010 2015 2020
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  Italy  Italy  Italy  India  India  Germany  Germany  Germany  Germany
6  France  France  France  Italy  France  Russia  Russia  Russia  Indonesia
7  Brazil  Brazil  China  France  Italy  Brazil  Brazil  Brazil  Brazil
8  United Kingdom  United Kingdom  Brazil  Brazil  Brazil  France  France  Indonesia  Russia
9  Mexico  China  India  Russia  Russia  United Kingdom  United Kingdom  United Kingdom  United Kingdom
10  India  India  United Kingdom  United Kingdom  United Kingdom  Italy  Italy  France  France
Rank 1980 1985 1990 1995 2000 2005 2010 2015 2020
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  Spain  South Korea  South Korea
14  Saudi Arabia  Indonesia  Indonesia  Canada  Canada  Canada  South Korea  Saudi Arabia  Saudi Arabia
15  Indonesia  Iran  Saudi Arabia  South Korea  South Korea  South Korea  Canada  Canada  Turkey
16  Argentina  Saudi Arabia  Turkey  Turkey  Turkey  Turkey  Iran  Spain  Canada
17  Poland  Turkey  Iran  Saudi Arabia  Iran  Iran  Saudi Arabia  Turkey  Spain
18  Netherlands  Australia  South Korea  Iran  Saudi Arabia  Saudi Arabia  Turkey  Iran  Iran
19  Iran  Netherlands  Australia  Australia  Australia  Australia  Australia  Australia  Nigeria
20  Australia  Argentina  Netherlands  Thailand  Netherlands  Taiwan  Taiwan  Taiwan  Taiwan

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 Largest
Contribution to Global Economic Growth
in nominal GDP from 1980 to 1990
[8]
List of the 20 Economies with the Largest
Contribution to Global Economic Growth
in GDP (PPP) from 1980 to 1990
[9]
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 Largest
Contribution to Global Economic Growth
in nominal GDP from 1990 to 2000
[8]
List of the 20 Economies with the Largest
Contribution to Global Economic Growth
in GDP (PPP) from 1990 to 2000
[9]
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$32.0 trillion from 2000 to 2010. At purchasing power parity, the global economic output expanded by US$39.1 trillion from 2000 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.[16]`

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."[17]

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 Largest
Contribution to Global Economic Growth
in nominal GDP from 2000 to 2010
[8]
List of the 20 Economies with the Largest
Contribution to Global Economic Growth
in GDP (PPP) from 2000 to 2010
[9]
Rank Country Share of Contribution to
Global GDP Growth
  World 100.0%
 European Union 25.0%
1  China 14.9%
2  United States 14.6%
3  Brazil 4.8%
4  Germany 4.6%
5  France 4.0%
6  Russia 4.0%
7  India 3.8%
8  Italy 3.1%
9  Canada 2.7%
10  United Kingdom 2.7%
11  Australia 2.7%
12  Spain 2.6%
13  Japan 2.4%
14  Indonesia 1.8%
15  South Korea 1.7%
16  Turkey 1.5%
17  Netherlands 1.3%
18  Mexico 1.1%
19  Iran 1.1%
20  Saudi Arabia 1.1%
Remaining Countries 23.6%
Rank Country Share of Contribution to
Global GDP Growth
  World 100.0%
1  China 21.7%
 European Union 13.1%
2  United States 12.0%
3  India 8.4%
4  Russia 3.8%
5  Brazil 3.1%
6  Japan 2.8%
7  Indonesia 2.7%
8  Germany 2.2%
9  United Kingdom 1.8%
10  South Korea 1.8%
11  France 1.7%
12  Iran 1.7%
13  Saudi Arabia 1.6%
14  Mexico 1.5%
15  Turkey 1.4%
16  Spain 1.3%
17  Nigeria 1.3%
18  Italy 1.1%
19  Canada 1.1%
20  Taiwan 1.1%
Remaining Countries 26.1%

2010 – 2020 – 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$32.9 trillion, €30.5 trillion from 2010 to 2020.[18] The following two tables are predictive lists of the 50 countries with the largest contribution to global economic growth from 2010 to 2020 by International Monetary Fund.

Predictive List of the 50 Economies with the
Greatest Contribution to Global Economic Growth
in Nominal GDP from 2010 to 2020
[19]
Predictive List of the 50 Economies with the Greatest
Contribution to Global Economic Growth
in GDP (PPP) from 2010 to 2020
[20]
Rank Country Incremental GDP
(billions of US$)
Share of Global
GDP Growth
  World 32,909.363 100.0%
1  China 10,207.457 31.0%
2  United States 7,524.216 22.9%
 European Union 3,476.615 10.6%
3  India 1,931.344 5.9%
4  United Kingdom 1,321.174 4.0%
5  South Korea 917.173 2.8%
6  Germany 686.738 2.1%
7  Mexico 601.702 1.8%
8  Russia 555.821 1.7%
9  Indonesia 551.366 1.7%
10  Canada 430.277 1.3%
11  Saudi Arabia 375.261 1.1%
12  France 361.256 1.1%
13  Taiwan 329.851 1.0%
14  Egypt 312.056 0.9%
15  Philippines 310.394 0.9%
16  Nigeria 294.098 0.9%
17  Malaysia 290.674 0.9%
18  Turkey 280.099 0.9%
19  Australia 242.676 0.7%
20  United Arab Emirates 216.209 0.7%
21  Hong Kong 209.072 0.6%
22  Bangladesh 199.929 0.6%
23  Vietnam 198.438 0.6%
24  Poland 196.329 0.6%
25  Colombia 195.632 0.6%
26  Sweden 188.950 0.6%
27   Switzerland 188.296 0.6%
28  Thailand 185.029 0.6%
29  Argentina 169.316 0.5%
30  Iraq 165.866 0.5%
31  Pakistan 157.296 0.5%
32  Singapore 153.397 0.5%
33  Brazil 145.187 0.4%
34  Qatar 144.717 0.4%
35  Kazakhstan 142.588 0.4%
36  Peru 114.126 0.3%
37  Chile 107.282 0.3%
38  Romania 102.474 0.3%
39  New Zealand 95.824 0.3%
40  Angola 90.948 0.3%
41  Israel 82.565 0.3%
42  Kuwait 80.990 0.2%
43  Burma 78.230 0.2%
44  Ecuador 75.552 0.2%
45  Belgium 75.512 0.2%
46  Sri Lanka 74.644 0.2%
47  Uzbekistan 74.324 0.2%
48  Norway 73.538 0.2%
49  Netherlands 73.271 0.2%
50  Kenya 71.226 0.2%
Remaining Countries 1,258.973 3.8%
Rank Country Incremental GDP
(billions of US$)
Share of Global
GDP Growth
  World 61,280.235 100.0%
1  China 16,143.693 26.3%
2  United States 7,524.216 12.3%
3  India 7,337.744 12.0%
 European Union 6,157.894 10.0%
4  Indonesia 2,151.500 3.5%
5  Germany 1,223.948 2.0%
6  Japan 1,204.742 2.0%
7  Brazil 1,173.999 1.9%
8  Mexico 1,139.293 1.9%
9  United Kingdom 1,006.717 1.6%
10  South Korea 965.099 1.6%
11  Russia 944.738 1.5%
12  Saudi Arabia 919.041 1.5%
13  Turkey 871.249 1.4%
14  France 819.637 1.3%
15  Nigeria 793.589 1.3%
16  Canada 630.299 1.0%
17  Taiwan 623.678 1.0%
18  Pakistan 588.488 1.0%
19  Philippines 586.764 1.0%
20  Egypt 557.141 0.9%
21  Thailand 544.093 0.9%
22  Malaysia 541.845 0.9%
23  Australia 531.652 0.9%
24  Poland 509.680 0.8%
25  Bangladesh 487.731 0.8%
26  Iraq 481.721 0.8%
27  Spain 446.530 0.7%
28  Italy 426.251 0.7%
29  Vietnam 419.958 0.7%
30  Colombia 406.606 0.7%
31  United Arab Emirates 353.241 0.6%
32  Iran 349.648 0.6%
33  Algeria 303.979 0.5%
34  South Africa 303.974 0.5%
35  Argentina 281.247 0.5%
36  Kazakhstan 269.270 0.4%
37  Qatar 263.292 0.4%
38  Peru 258.371 0.4%
39  Burma 256.840 0.4%
40  Singapore 246.401 0.4%
41  Chile 236.210 0.4%
42  Netherlands 236.153 0.4%
43  Hong Kong 204.526 0.3%
44  Sri Lanka 199.066 0.3%
45  Romania 188.987 0.3%
46  Sweden 184.574 0.3%
47  Morocco 174.762 0.3%
48  Ethiopia 162.947 0.3%
49   Switzerland 162.744 0.3%
50  Uzbekistan 160.048 0.3%
Remaining Countries 4,482.313 7.3%

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):[21] (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)[22]
  • 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.),[23] 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.),[24] 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)

Transport[edit]

Transportation infrastructure worldwide includes:

  • Airports
    • Total: 41,821 (2013)[28]
  • 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 [29]
  • 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. ^ "World Economic Outlook (WEO), April 2015, Chapter 1" (PDF). IMF. April 2015. Retrieved 2015-06-15. 
  3. ^ http://www.forbes.com/billionaires/list. Forbes.  Missing or empty |title= (help);
  4. ^ http://www.bls.gov/bls/newsrels.htm#major. BLS.  Missing or empty |title= (help);
  5. ^ "World Economy." - Definition. American English Definition of with Pronunciation by Macmillan Dictionary. N.p., n.d. Web. 02 Jan. 2015.
  6. ^ http://siteresources.worldbank.org/ICPEXT/Resources/ICP_2011.html
  7. ^ "Report for Selected Countries and Subjects". World Economic Outlook Database, International Monetary Fund. April 2015. Retrieved 14 April 2015. 
  8. ^ a b c d [1] IMF nominal GDP Data (April 2015)
  9. ^ a b c d [2] IMF GDP (PPP) Data (April 2015)
  10. ^ [3] IMF GDP (nominal) 2014 and 2015 Data (April 2015)
  11. ^ [4] IMF GDP (PPP) 2014 and 2015 Data (April 2015)
  12. ^ "Gross domestic product, current prices". International Monetary Fund. International Monetary Fund. 2015. Retrieved 16 April 2015. 
  13. ^ "Gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP; Current international dollar". International Monetary Fund. April 2015. Retrieved April 16, 2015. 
  14. ^ "GDP (PURCHASING POWER PARITY)". CIA World Factbook. CIA World Factbook. 2014. Retrieved October 7, 2014. 
  15. ^ "GDP, PPP (current international $)". World Bank. World Bank. Retrieved July 2, 2014. 
  16. ^ "p.11" (PDF). Retrieved 2012-07-17. 
  17. ^ http://www.imf.org/external/pubs/ft/weo/2012/01/pdf/text.pdf
  18. ^ "IMF World GDP Data (April 2015)". Imf.org. 2015-04-17. Retrieved 2015-04-17. 
  19. ^ [5] IMF nominal GDP Data (April 2015)
  20. ^ [6] IMF GDP (PPP) Data (April 2015)
  21. ^ "IMF World Economic Outlook, Crisis and Recovery, April 2009". Imf.org. 2009-04-16. Retrieved 2012-07-17. 
  22. ^ B. Milanovic (January 2002). "True World Income Distribution, 1988 and 1993: First Calculation Based on Household Surveys Alone" (PDF). Retrieved 13 May 2011. 
  23. ^ http://www.eia.gov/cfapps/ipdbproject/IEDIndex3.cfm?tid=2&pid=2&aid=12
  24. ^ http://www.eia.gov/cfapps/ipdbproject/iedindex3.cfm?tid=3&pid=3&aid=1&cid=regions&syid=2008&eyid=2012&unit=BCF
  25. ^ "Development aid stable in 2014 but flows to poorest countries still falling". OECD. 2015-04-08. Retrieved 2015-07-23. 
  26. ^ global cellphone penetration reaches 50 percent
  27. ^ "World Internet Usage Statistics News and World Population Stats". Internetworldstats.com. Retrieved 2015-06-08. 
  28. ^ https://www.cia.gov/library/publications/the-world-factbook/fields/2053.html
  29. ^ http://www.sipri.org/yearbook/2013/03

External links[edit]