Editing Gross world product

{{Short description|Combined gross national product of all the countries in the world}}

{{Update|date=November 2024}}
The '''gross world product''' ('''GWP'''), also known as '''gross world income''' ('''GWI'''),<ref>[https://www.mckinsey.com/~/media/mckinsey/featured%20insights/innovation/superstars%20the%20dynamics%20of%20firms%20sectors%20and%20cities%20leading%20the%20global%20economy/mgi_superstars_discussion%20paper_oct%202018-v2.pdf]</ref> is the combined [[gross national income]] (previously, the "gross national product") of [[list of sovereign states|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).<ref group="nb">See [[measures of national income and output]] for more details.</ref> According to the [[World Bank]], the 2013 nominal GWP was approximately 75.59&nbsp;trillion [[United States dollar]]s.<ref name="WB">{{cite web |date=2015 |title=Gross Domestic Product 2014 |url=http://databank.worldbank.org/data/download/GDP.pdf |access-date=1 July 2015 |publisher=The World Bank DataBank |format=PDF}}</ref> In 2017, according to the [[Central Intelligence Agency|CIA]]'s ''[[The World Factbook|World Factbook]]'', the GWP was around $80.27&nbsp;trillion in nominal terms and totaled approximately 127.8&nbsp;trillion [[international dollar]]s in terms of [[purchasing power parity]] (PPP).<ref name=CIA/> The [[per capita]] PPP GWP in 2017 was approximately 17,500 [[international dollar]]s according to the ''World Factbook''.<ref name=CIA>{{cite web |url=https://www.cia.gov/the-world-factbook/countries/world/ |title=World Factbook |work= [[The World Factbook|CIA World Factbook]] |date=24 July 2019 |access-date=24 July 2019}}</ref> According to the [[World Bank]], the 2020 GWP in current dollars was approximately $84.705&nbsp;[[trillion]].<ref>{{Cite web|title=GDP (current US$) {{!}} Data|url=https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?end=2020&name_desc=false&start=1960&view=chart|access-date=2021-09-15|website=data.worldbank.org}}</ref>

==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.<ref>{{cite web|year=2020|title=World Economic Outlook, October 2020: A Long and Difficult Ascent|url=https://www.imf.org/en/Publications/WEO/weo-database/2021/October/weo-report?a=1&c=001,110,163,119,123,998,200,505,511,903,205,400,603,&s=NGDP_RPCH,&sy=2006&ey=2021&ssm=0&scsm=1&scc=0&ssd=1&ssc=0&sic=0&sort=country&ds=.&br=1|work=World Economic Outlook|publisher=[[International Monetary Fund]]}}</ref>

{| class="wikitable" style="text-align: center;"
|+Gross world product growth rate (%)
!Region !! 2006 !! 2007 !! 2008 !! 2009 !! 2010 !! 2011 !! 2012 !! 2013 !! 2014 !! 2015 !! 2016 !! 2017 !! 2018
!2019
!2020
!2021
|-
| align=left | 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).<ref>{{cite web|url=http://holtz.org/Library/Social%20Science/Economics/Estimating%20World%20GDP%20by%20DeLong/Estimating%20World%20GDP.htm|title=Estimating World GDP, One Million B.C. – Present|author=J. Bradford DeLong|date=24 May 1998|access-date=5 February 2013}}</ref> 

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$.<ref name="MW" /><ref name=":0">{{Cite web |title=2021 dollars in 1990 {{!}} Inflation Calculator |url=https://www.in2013dollars.com/us/inflation/1990 |access-date=2024-06-20 |website=www.in2013dollars.com |language=en}}</ref> "Billion" in the table below refers to the [[long and short scale|short scale]] usage of the term, where 1 billion = 1,000 million = 10<sup>9</sup>.

<!--This table is meant to be mostly comparative, so don't update it every single year – maybe once every five years (e.g. 2012, 2017, 2022), otherwise it will soon become far too long -->
{| class="wikitable"
! Year
! Real GWP <br>($ billions, 1990 [[international dollar|Intl$]])<br>
! [[Compound annual growth rate|Compound annual <br>growth rate]]
|-
| 2020 CE
| 70,320.48<ref name="MW">{{cite web |title=GDP, PPP (constant 2021 international $) |url=https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.KD |access-date=20 June 2024 |publisher=World Bank Group}}</ref><ref name=":0" />
| +3.43%
|-
| 2015 CE
| 63,461.60<ref name="MW" /><ref name=":0" />
| +5.55%
|-
| 2010 CE
| 53,752.07<ref name="MW" /><ref name=":0" />
| +5.70%
|-
| 2005 CE
| 45,325.58<ref name="MW" /><ref name=":0" />
| +6.05%
|-
| 2000 CE
| 37,820.35<ref name="MW" /><ref name=":0" />
| +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==
*[[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 group="nb" />

==References==
{{reflist}}

==External links==
* [https://www.cia.gov/the-world-factbook/countries/world/ CIA data on GWP] in ''[[The World Factbook]]''
* [http://www.imf.org/external/data.htm IMF database] – contains continuously updated [[International Monetary Fund|World Economic Outlook]] tables and reports

{{Economics}}

{{DEFAULTSORT:Gross World Product}}
[[Category:Gross domestic product]]
[[Category:Global economic indicators]]