The gross world product (GWP), also known as gross world income (GWI), 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).
[See measures of national income and output for more details.] According to the
World Bank, the 2013 nominal GWP was approximately 75.59 trillion
United States dollar
The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...
s.
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).
[ The per capita PPP GWP in 2017 was approximately 17,500 international dollars according to the ''World Factbook''.]
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.
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).
See also
* List of countries by GDP (nominal)
* List of countries by GDP (PPP)
* List of countries by real GDP growth rate
* World economy
* World population
Explanatory notes
References
External links
CIA data on GWP
in '' The World Factbook''
IMF database
– contains continuously updated World Economic Outlook tables and reports
{{DEFAULTSORT:Gross World Product
Gross domestic product
Global economic indicators