Gross world product
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).[nb 1] According to the World Bank, the 2013 nominal GWP was approximately US$ 75.59 trillion.[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).[2] The per capita PPP GWP in 2017 was approximately Int$17,500 according to the World Factbook.[2]
Recent growth
The table below gives regional percentage values for overall GWP growth from 2006 through 2020, as well as an estimate for 2021, according to the International Monetary Fund (IMF)'s World Economic Outlook database. Data is given in terms of constant year-on-year prices.[3]
| Region | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| World average | 5.5 | 5.5 | 3.0 | -0.1 | 5.4 | 4.3 | 3.5 | 3.4 | 3.5 | 3.4 | 3.2 | 3.8 | 3.5 | 2.8 | -4.4 | 5.2 |
| Advanced economies | 3.0 | 2.7 | 0.1 | -3.4 | 3.1 | 1.7 | 1.2 | 1.3 | 2.0 | 2.1 | 1.8 | 2.5 | 2.2 | 1.6 | -5.8 | 3.9 |
| Eurozone | 3.2 | 3.0 | 0.4 | -4.5 | 2.1 | 1.5 | -0.9 | -0.3 | 1.2 | 2.0 | 1.8 | 2.6 | 1.8 | 1.2 | -8.2 | 5.2 |
| Developing countries | 8.1 | 8.6 | 5.8 | 2.9 | 7.4 | 6.3 | 5.4 | 5.1 | 4.7 | 4.2 | 4.5 | 4.8 | 4.5 | 3.7 | -3.2 | 6.0 |
Historical and prehistorical estimates
In 1998, economic historian J. Bradford DeLong estimated the total GWP in 1990 U.S. dollars for the main years between one million years BC and 2000 AD (shown in the table below).[4]
Nominal GWP estimates from 2005 onwards are also shown in contemporary U.S. dollars, according to estimates from the CIA World Factbook and the World Bank.[2] "Billion" in the table below refers to the short scale usage of the term, where 1 billion = 1,000 million = 109.
| Year | Real GWP ($ billions, 1990 intl$) |
Compound annual growth rate |
|---|---|---|
| 2019 AD | 87,752[5] | |
| 2014 AD | 77,868[1] | |
| 2010 AD | 62,220 (est. 41,090 in 1990 U.S. dollars)[6] | |
| 2005 AD | 43,070 (est. 31,300 in 1990 U.S. dollars)[6] | |
| 2000 AD | 41,016.69 | 4.04% |
| 1995 AD | 33,644.33 | 4.09% |
| 1990 AD | 27,539.57 | 4.14% |
| 1985 AD | 22,481.11 | 3.62% |
| 1980 AD | 18,818.44 | 4.43% |
| 1975 AD | 15,149.42 | 4.53% |
| 1970 AD | 12,137.94 | 5.87% |
| 1965 AD | 9,126.98 | 5.89% |
| 1960 AD | 6,855.25 | 4.77% |
| 1955 AD | 5,430.44 | 5.88% |
| 1950 AD | 4,081.81 | 3.12% |
| 1940 AD | 3,001.36 | 2.91% |
| 1930 AD | 2,253.81 | 1.4% |
| 1925 AD | 2,102.88 | 3.94% |
| 1920 AD | 1,733.67 | 2.29% |
| 1900 AD | 1,102.96 | 2.69% |
| 1875 AD | 568.08 | 1.84% |
| 1850 AD | 359.90 | 1.45% |
| 1800 AD | 175.24 | 0.62% |
| 1750 AD | 128.51 | 0.51% |
| 1700 AD | 99.80 | 0.40% |
| 1650 AD | 81.74 | 0.12% |
| 1600 AD | 77.01 | 0.27% |
| 1500 AD | 58.67 | 0.27% |
| 1400 AD | 44.92 | 0.21% |
| 1350 AD | 40.50 | 0.47% |
| 1300 AD | 32.09 | -0.21% |
| 1250 AD | 35.58 | -0.10% |
| 1200 AD | 37.44 | -0.056% |
| 1100 AD | 39.60 | 0.11% |
| 1000 AD | 35.31 | 0.11% |
| 900 AD | 31.68 | 0.23% |
| 800 AD | 25.23 | 0.074% |
| 700 AD | 23.44 | 0.12% |
| 600 AD | 20.86 | 0.046% |
| 500 AD | 19.92 | 0.077% |
| 400 AD | 18.44 | 0.056% |
| 350 AD | 17.93 | -0.022% |
| 200 AD | 18.54 | 0.031% |
| 14 AD | 17.50 | -0.427% |
| 1 AD | 18.50 | 0.042% |
| 200 BC | 17.00 | 0.030% |
| 400 BC | 16.02 | 0.155% |
| 500 BC | 13.72 | 0.115% |
| 800 BC | 9.72 | 0.213% |
| 1000 BC | 6.35 | 0.063% |
| 1600 BC | 4.36 | 0.092% |
| 2000 BC | 3.02 | 0.064% |
| 3000 BC | 1.59 | 0.073% |
| 4000 BC | 0.77 | 0.041% |
| 5000 BC | 0.51 | 0.0057% |
| 8000 BC | 0.43 | 0.0075% |
| 10,000 BC | 0.37 | 0.0012% |
| 25,000 BC | 0.31 | 0.00045% |
| 300,000 BC | 0.09 | 0.00031% |
| 1,000,000 BC | 0.01 | – |
See also
- List of countries by GDP growth
- List of countries by GDP (nominal)
- List of countries by GDP (PPP)
- World economy
- World population
Notes
- See measures of national income and output for more details.
References
- "Gross Domestic Product 2014" (PDF). The World Bank DataBank. 2015. Retrieved 1 July 2015.
- "World Factbook". CIA World Factbook. 24 July 2019. Retrieved 24 July 2019.
- "World Economic Outlook, October 2020: A Long and Difficult Ascent". World Economic Outlook. International Monetary Fund. 2020.
- J. Bradford DeLong (24 May 1998). "Estimating World GDP, One Million B.C. – Present". Retrieved 5 February 2013.
- "Gross domestic product 2019" (PDF). The World Bank DataBank. 2020. Retrieved 21 December 2020.
- "1990 Real GDP". MeasuringWorth.com. Retrieved 25 November 2013.
External links
- CIA data on GWP in The World Factbook
- IMF database – contains continuously updated World Economic Outlook tables and reports