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 2016, as well as an estimate for 2017 and 2018, according to the International Monetary Fund (IMF)'s World Economic Outlook database. Data is given in terms of constant year-on-year prices.[3]

Gross world product growth rate by region (%)
Region2006200720082009201020112012201320142015201620172018
World average5.55.63.0-0.15.44.23.53.43.53.43.13.53.6
Advanced economies3.02.70.1-3.43.11.71.21.32.02.11.72.02.0
Eurozone3.23.00.4-4.52.11.5-0.9-0.31.22.01.71.71.6
Developing countries8.18.65.82.97.46.35.45.14.74.24.14.54.8

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
2014 AD 77,868[1]
2010 AD 62,220 (est. 41,090 in 1990 U.S. dollars)[5]
2005 AD 43,070 (est. 31,300 in 1990 U.S. dollars)[5]
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

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

References
  1. "Gross Domestic Product 2014" (PDF). The World Bank DataBank. 2015. Retrieved 1 July 2015.
  2. "World Factbook". CIA World Factbook. 24 July 2019. Retrieved 24 July 2019.
  3. "Report for selected country groups and subjects". World Economic Outlook. International Monetary Fund. 2017.
  4. J. Bradford DeLong (24 May 1998). "Estimating World GDP, One Million B.C. – Present". Retrieved 5 February 2013.
  5. "1990 Real GDP". MeasuringWorth.com. Retrieved 25 November 2013.
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