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Gross world product

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]

Gross world product growth rate (%)
Region 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
World average 5.4 5.6 3.1 -0.1 5.4 4.3 3.5 3.4 3.5 3.4 3.3 3.8 3.6 2.8 -3.1 5.9

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]

Estimates from 2000 onwards are based on world GDP, PPP estimates in 2021 constant international dollars from the World Bank and subsequently converted to 1990 US$.[7][8] "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
2020 CE 70,320.48[7][8] +3.43%
2015 CE 63,461.60[7][8] +5.55%
2010 CE 53,752.07[7][8] +5.70%
2005 CE 45,325.58[7][8] +6.05%
2000 CE 37,820.35[7][8] +3.91%
1995 CE 33,644.33 +4.09%
1990 CE 27,539.57 +4.14%
1985 CE 22,481.11 +3.62%
1980 CE 18,818.44 +4.43%
1975 CE 15,149.42 +4.53%
1970 CE 12,137.94 +5.87%
1965 CE 9,126.98 +5.89%
1960 CE 6,855.25 +4.77%
1955 CE 5,430.44 +5.88%
1950 CE 4,081.81 +3.12%
1940 CE 3,001.36 +2.91%
1930 CE 2,253.81 +1.4%
1925 CE 2,102.88 +3.94%
1920 CE 1,733.67 +2.29%
1900 CE 1,102.96 +2.69%
1875 CE 568.08 +1.84%
1850 CE 359.90 +1.45%
1800 CE 175.24 +0.62%
1750 CE 128.51 +0.51%
1700 CE 99.80 +0.40%
1650 CE 81.74 +0.12%
1600 CE 77.01 +0.27%
1500 CE 58.67 +0.27%
1400 CE 44.92 +0.21%
1350 CE 40.50 +0.47%
1300 CE 32.09 -0.21%
1250 CE 35.58 -0.10%
1200 CE 37.44 -0.056%
1100 CE 39.60 +0.11%
1000 CE 35.31 +0.11%
900 CE 31.68 +0.23%
800 CE 25.23 +0.074%
700 CE 23.44 +0.12%
600 CE 20.86 +0.046%
500 CE 19.92 +0.077%
400 CE 18.44 +0.056%
350 CE 17.93 -0.022%
200 CE 18.54 +0.031%
14 CE 17.50 -0.427%
1 CE 18.50 +0.042%
200 BCE 17.00 +0.030%
400 BCE 16.02 +0.155%
500 BCE 13.72 +0.115%
800 BCE 9.72 +0.213%
1000 BCE 6.35 +0.063%
1600 BCE 4.36 +0.092%
2000 BCE 3.02 +0.064%
3000 BCE 1.59 +0.073%
4000 BCE 0.77 +0.041%
5000 BCE 0.51 +0.0057%
8000 BCE 0.43 +0.0075%
10,000 BCE 0.37 +0.0012%
25,000 BCE 0.31 +0.00045%
300,000 BCE 0.09 +0.00031%
1,000,000 BCE 0.01 –

See also

Explanatory notes

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

References

  1. ^ [1]
  2. ^ "Gross Domestic Product 2014" (PDF). The World Bank DataBank. 2015. Retrieved 1 July 2015.
  3. ^ a b "World Factbook". CIA World Factbook. 24 July 2019. Retrieved 24 July 2019.
  4. ^ "GDP (current US$) | Data". data.worldbank.org. Retrieved 2021-09-15.
  5. ^ "World Economic Outlook, October 2020: A Long and Difficult Ascent". World Economic Outlook. International Monetary Fund. 2020.
  6. ^ J. Bradford DeLong (24 May 1998). "Estimating World GDP, One Million B.C. – Present". Retrieved 5 February 2013.
  7. ^ a b c d e f "GDP, PPP (constant 2021 international $)". World Bank Group. Retrieved 20 June 2024.
  8. ^ a b c d e f "2021 dollars in 1990 | Inflation Calculator". www.in2013dollars.com. Retrieved 2024-06-20.
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