Gross world product

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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 2013, according to the CIA's World Factbook, the GWP totalled approximately US$87.25 trillion in terms of purchasing power parity (PPP), and around US$74.31 trillion in nominal terms.[1] According to a separate estimate by the World Bank, the 2013 nominal GWP was approximately US$75.59 trillion.[2] The per capita PPP GWP in 2014 was approximately US$16,100, according to the World Factbook.[1]

Recent GWP growth[edit]

The table below gives regional percentage values for overall GWP growth through 2014, as well as an estimate for 2015, according to the International Monetary Fund (IMF)'s World Economic Outlook database. Data is given in terms of constant year-on-year prices, based on purchasing power parity (PPP).

PPP economic growth rates (%)[3][4][5][6][7][8]
Region 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 (est.)
World average 5.1 5.2 3.0 -0.5 5.3 3.9 3.2 2.9 3.3 3.5
Advanced economies 3.0 2.7 0.6 -3.4 3.2 1.7 1.5 1.2 1.8 2.4
Eurozone 2.9 2.7 0.7 -4.1 1.9 1.5 -0.6 -0.4 0.8 1.2
USA 2.7 2.1 0.4 -2.6 3.0 1.8 2.8 1.9 2.2 3.6
Developing countries 7.9 8.3 6.0 2.8 7.5 6.2 4.9 4.5 4.4 4.3

Historical and prehistorical estimates[edit]

Average annual GWP growth rate from 1,000,000 BCE to 2011. 2011 GWP adjusted with CPI data.

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.[9] 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
2013 CE 75,592[2]
2010 CE 62,220 (est. 41,090 in 1990 U.S. dollars)[10]
2005 CE 43,070 (est. 31,300 in 1990 U.S. dollars)[citation needed]
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[edit]

Notes[edit]

  1. ^ See measures of national income and output for more details.

References[edit]

  1. ^ a b c "World". CIA World Factbook. 2015. Retrieved 17 January 2015. 
  2. ^ a b "Gross Domestic Product 2013" (PDF). The World Bank DataBank. 2014. Retrieved 17 January 2015. 
  3. ^ "Economic growth in major economic powers". IMF World Economic Outlook. October 2009. Retrieved 28 January 2013. 
  4. ^ "World Economic Outlook Databases – archives". IMF. Retrieved 28 January 2013. 
  5. ^ "IMF more upbeat on world economy". BBC News. 26 January 2010. Retrieved 16 November 2012. 
  6. ^ "World Economic Outlook Update: Mild Slowdown of the Global Expansion, and Increasing Risks". IMF. April 2012. Retrieved 16 July 2012. 
  7. ^ "World Economic Outlook (October 2014)". IMF. October 2014. Retrieved 20 January 2015. 
  8. ^ "Global Growth Revised Down, Despite Cheaper Oil, Faster U.S. Growth". IMF. 20 January 2015. Retrieved 14 March 2015. 
  9. ^ J. Bradford DeLong (24 May 1998). "Estimating World GDP, One Million B.C. – Present". Retrieved 5 February 2013. 
  10. ^ "1990 Real GDP". MeasuringWorth.com. Retrieved 25 November 2013. 

External links[edit]