The gross world product (GWP) is the combined gross national income of all the countries in the world. The gross world product (GWP) is the combined gross national income 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). [2], The table below gives regional percentage values for overall GWP growth from 2006 through 2016, as well as an estimate for 2017 and 2018, according to the International Monetary Fund (IMF)'s World Economic Outlook database. [2] The per capita PPP GWP in 2017 was approximately Int$17,500 according to the World Factbook. – Present", https://en.wikipedia.org/w/index.php?title=Gross_world_product&oldid=978886294, Creative Commons Attribution-ShareAlike License, 62,220 (est. [1] In 2017, according to the CIA's World Factbook, the GWP was around US $80.27 trillion in nominal terms and totaled approximately 127.8 trillion international dollars in terms of purchasing power parity (PPP). Data: GDP per capita and total GDP (+ population data) Geographical coverage: Global – by countries & world regions; Time span: 1-2008 CE (5 observations before 1820 and then annual if possible) Available at: Online at the Groningen Growth & Development Centre here Founded by the economic historian Angus Maddison and later updated. Last edited on 17 September 2020, at 14:23, "Report for selected country groups and subjects", "Estimating World GDP, One Million B.C.

192 countries from around the world are ranked by GDP measured in US dollars and PPPs from 1980 to 2019. Gross domestic product 2019 (millions of Ranking Economy US dollars) USA 1 United States 21,427,700 CHN 2 China 14,342,903 According to the World Bank, the 2013 nominal GWP was approximately US$ 75.59 trillion. 41,090 in 1990 U.S. dollars), 43,070 (est. While GDP is the single most important indicator to capture economic activity, it falls short of providing a suitable measure of people's material well-being for which alternative indicators may be more appropriate. Most interestingly, the gap between China and the United States is narrowing — and in nominal terms, China’s economy is now 66.4% the size. 31,300 in 1990 U.S. dollars), This page was last edited on 17 September 2020, at 14:23. Manuals, guides, and other material on statistical practices at the IMF, in member countries, and of the statistical community at large are also available. [3], In 1998, economic historian J. Bradford DeLong estimated the total GWP in 1990 U.S. dollars for the main years between one million years BC and 2000 AD (shown in the table below).[4]. As such, it also measures the income earned from that production, or the total amount spent on final goods and services (less imports). The list of countries by GDP showed on this page is based on the latest data from the World Economic Outlook by the International Monetary Fund. 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. [nb 1] According to the World Bank, the 2013 nominal GWP was approximately US$ 75.59 trillion.

Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Data is given in terms of constant year-on-year prices. World Economic Outlook Update, June 2020: A Crisis Like No Other, An Uncertain Recovery June 24, 2020 Description: Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. The IMF publishes a range of time series data on IMF lending, exchange rates and other economic and financial indicators. [2] "Billion" in the table below refers to the short scale usage of the term, where 1 billion = 1,000 million = 109. Gross Domestic Product, or GDP, measures the economy size of a country. The above 15 economies represent a whopping 75% of total global GDP, which added up to $85.8 trillion in 2018 according to the World Bank. Because imports and exports balance exactly when considering the whole world, this also equals the total global gross domestic product (GDP).



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