Gross world product
Encyclopedia
Gross world product is the total gross national product of all the countries in the world. This also equals the total gross domestic product
. See measures of national income and output
for more details. The per capita
GWP in 2008 was approximately $10,500 US dollars (USD).
, 2011, of International Monetary Fund
in terms of constant prices (year-on-year, based on purchasing power parity
).
The 2011 & 2012 figures are IMF estimates.
usage of the term, where 1 billion = 1000 millions = 109.
Gross domestic product
Gross domestic product refers to the market value of all final goods and services produced within a country in a given period. GDP per capita is often considered an indicator of a country's standard of living....
. See measures of national income and output
Measures of national income and output
A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product , gross national product , and net national income . All are specially concerned with counting the total amount of goods and...
for more details. The per capita
Per capita
Per capita is a Latin prepositional phrase: per and capita . The phrase thus means "by heads" or "for each head", i.e. per individual or per person...
GWP in 2008 was approximately $10,500 US dollars (USD).
Recent global growth
The table below gives the recent values of the overall global growth as well as for near future according to World Economic OutlookWorld Economic Outlook
World Economic Outlook is basically a survey conducted and published by International Monetary Fund. It is published twice and partly updated 3 times in an year. It portrays the world economy in the near and medium context...
, 2011, of International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
in terms of constant prices (year-on-year, based on purchasing power parity
Purchasing power parity
In economics, purchasing power parity is a condition between countries where an amount of money has the same purchasing power in different countries. The prices of the goods between the countries would only reflect the exchange rates...
).
| Year | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
|---|---|---|---|---|---|---|---|
| World | 5.1 | 5.2 | 3.0 | -0.5 | 5.1 | 4.3 | 4.5 |
| Advanced economies | 3.0 | 2.7 | 0.6 | -3.4 | 3.0 | 2.2 | 2.6 |
| Euro area | 2.9 | 2.7 | 0.7 | -4.1 | 1.8 | 2.0 | 1.7 |
| USA | 2.7 | 2.1 | 0.4 | -2.6 | 2.9 | 2.5 | 2.7 |
| Developing countries | 7.9 | 8.3 | 6.0 | 2.8 | 7.4 | 6.6 | 6.4 |
The 2011 & 2012 figures are IMF estimates.
Historical and prehistorical trends
J. Bradford DeLong of the Department of Economics, U.C. Berkeley has estimated Total World GDP for the period one million BC to 2000 AD, as reproduced below. "Billion" in the table below refers to the short scaleLong and short scales
The long and short scales are two of several different large-number naming systems used throughout the world for integer powers of ten. Many countries, including most in continental Europe, use the long scale whereas most English-speaking countries use the short scale...
usage of the term, where 1 billion = 1000 millions = 109.
| Year | GDP (billions of 1990 dollars) |
|---|---|
| 2000 AD | 41016.69 |
| 1995 AD | 33644.33 |
| 1990 AD | 27539.57 |
| 1985 AD | 22481.11 |
| 1980 AD | 18818.46 |
| 1975 AD | 15149.42 |
| 1970 AD | 12137.94 |
| 1965 AD | 9126.98 |
| 1960 AD | 6855.25 |
| 1955 AD | 5430.44 |
| 1950 AD | 4081.81 |
| 1940 AD | 3001.36 |
| 1930 AD | 2253.81 |
| 1925 AD | 2102.88 |
| 1920 AD | 1733.67 |
| 1900 AD | 1102.96 |
| 1875 AD | 568.08 |
| 1850 AD | 359.90 |
| 1800 AD | 175.24 |
| 1750 AD | 128.51 |
| 1700 AD | 99.80 |
| 1650 AD | 81.74 |
| 1600 AD | 77.01 |
| 1500 AD | 58.67 |
| 1400 AD | 44.92 |
| 1340 AD | 40.50 |
| 1300 AD | 32.09 |
| 1250 AD | 35.58 |
| 1200 AD | 37.44 |
| 1100 AD | 39.60 |
| 1000 AD | 35.31 |
| 900 AD | 31.68 |
| 800 AD | 25.23 |
| 700 AD | 23.44 |
| 600 AD | 20.86 |
| 500 AD | 19.92 |
| 400 AD | 18.44 |
| 350 AD | 17.93 |
| 200 AD | 18.54 |
| 14 AD | 17.50 |
| 1 AD | 18.50 |
| 200 BC | 17.00 |
| 400 BC | 16.02 |
| 500 BC | 13.72 |
| 800 BC | 9.72 |
| 1000 BC | 6.35 |
| 1600 BC | 4.36 |
| 2000 BC | 3.02 |
| 3000 BC | 1.59 |
| 4000 BC | 0.77 |
| 5000 BC | 0.51 |
| 8000 BC | 0.43 |
| 10,000 BC | 0.37 |
| 25,000 BC | 0.31 |
| 300,000 BC | 0.09 |
| 1,000,000 BC | 0.01 |
See also
- Gross domestic productGross domestic productGross domestic product refers to the market value of all final goods and services produced within a country in a given period. GDP per capita is often considered an indicator of a country's standard of living....
- List of countries by GDP (nominal)
- List of countries by GDP (PPP)
- List of countries by GDP growth
- World economyWorld economyThe 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....
External links
- CIA World Factbook 2008
- IMF database - contains continuously updated "World Economic Outlook" tables and reports.