Gross_world_product

Gross world product

Gross world product

Combined gross national product of all the countries in the world

The gross world product (GWP), also known as gross world income (GWI),[1] is the combined gross national income (previously, the "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] According to the World Bank, the 2013 nominal GWP was approximately 75.59 trillion United States dollars.[2] In 2017, according to the CIA's World Factbook, the GWP was around $80.27 trillion in nominal terms and totaled approximately 127.8 trillion international dollars in terms of purchasing power parity (PPP).[3] The per capita PPP GWP in 2017 was approximately 17,500 international dollars according to the World Factbook.[3] According to the World Bank, the 2020 GWP in current dollars was approximately $84.705 trillion.[4]

Recent growth

The table below gives recent 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.[5]

More information Region ...

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 BCE and 2000 CE (shown in the table below).[6]

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.[3] "Billion" in the table below refers to the short scale usage of the term, where 1 billion = 1,000 million = 109.

More information Year, Real GWP ($ billions, 1990 Intl$) ...

See also

Explanatory notes

  1. [N 1]
    See measures of national income and output for more details.

References

  1. [1]
  2. [2]
    "Gross Domestic Product 2014" (PDF). The World Bank DataBank. 2015. Retrieved 1 July 2015.
  3. [3]
    "World Factbook". CIA World Factbook. 24 July 2019. Retrieved 24 July 2019.
  4. [4]
    "GDP (current US$) | Data". data.worldbank.org. Retrieved 2021-09-15.
  5. [5]
    "World Economic Outlook, October 2020: A Long and Difficult Ascent". World Economic Outlook. International Monetary Fund. 2020.
  6. [6]
    J. Bradford DeLong (24 May 1998). "Estimating World GDP, One Million B.C. – Present". Retrieved 5 February 2013.
  7. [7]
    "Gross domestic product 2019" (PDF). The World Bank DataBank. 2020. Retrieved 21 December 2020.
  8. [8]
    "1990 Real GDP". MeasuringWorth.com. Retrieved 25 November 2013.
Share this article:

This article uses material from the Wikipedia article Gross_world_product, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.