Gross World Product

SourceWorld Bank Nominal (current), Nominal (constant 2010), PPP (current), PPP (constant 2011)
Date24 Feb 2019

The gross world product (GWP) is the combined gross national product of all the countries in the world equals to the total global GDP.

World economy, comprising 193 economies, in 2019 is projected around of US$88.08 trillion in nominal terms against US$84.84 trillion in 2018, according to IMF. Global GDP in terms of PPP is forecasted around of Int$143.09 trillion against Int$135.24 trillion in 2018. This number is 162% of nominal. PPP to Nominal ratio was 1.28 in 1990, all time lowest of 1.20 in 1995. But due to higher growth rate of developing economies, which have generally higher GDP in ppp terms, this ratio has increased.

In constant 2010 prices, which gives better idea about expansion over years, World economy has expanded from $11.33 tn in 1960 to $80.10 in 2017, or 7.07 times on the basis of market exchange rate as estimated by world bank comprising more than 200 economies. In purchasing power parity terms, world gdp has expanded by 2.46 since 1990, data for ppp terms available since.

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Nominal : Highest increment in global wealth was seen in 2010 when it has grown by $2,730 bn approx at constant 2010 prices. In 2009, it was contracted by $1,115 bn, only year in which economy was declined. At current prices, maximum increment was in year 2011 of $7.34 tn, while biggest decline was in 2015 ($4.29 tn).

PPP : Biggest incline and decline was in 2010 and 2009, respectively at constant 2011 prices. At current prices, figure didn't move to downward direction, even in 2009 it moved up by $790 bn.

Acc to World factbook, composition of Agriculture, Industry, and Services sector in 2017 are 6.4 percent, 30 percent and 63 percent, respectively.

GDP (nominal) of world
GDP (ppp) of world

Projections by IMF

YearGDP (billions of $)
NominalPPP
201884,835.46135,235.88
201988,081.13143,089.49
202093,084.96151,081.01
202198,016.89159,424.41
2022103,262.90168,113.32
2023108,712.27177,424.18

Expansion in periods

PeriodGDP Nominal GDP PPP
CurrentConstantCurrentConstant
1960-19702.161.69--
1970-19803.781.46--
1980-19902.021.36--
1990-20001.491.321.691.34
2000-20101.961.321.831.44
2010-20171.221.211.431.28

Estimates by World Bank

YearGDP Nominal (billions of $) GDP PPP (billions Int. $)PPP/Nominal
CurrentConstantCurrentConstant CurrentConstant
19601,365.8911,330.81----
19611,421.0011,820.59----
19621,526.0712,478.66----
19631,642.8513,128.65----
19641,799.7914,003.59----
19651,960.6814,784.81----
19662,127.2315,642.97----
19672,263.3316,332.19----
19682,441.7717,344.02----
19692,689.1218,405.01----
19702,956.9919,121.14----
19713,266.8619,950.88----
19723,767.8321,103.40----
19734,591.4722,489.49----
19745,295.5722,944.28----
19755,896.3923,113.60----
19766,415.4624,351.32----
19777,256.6025,312.45----
19788,542.7326,314.93----
19799,925.2127,409.31----
198011,170.0127,918.98----
198111,458.4728,459.75----
198211,359.2828,570.84----
198311,626.7429,263.52----
198412,065.5330,585.88----
198512,679.7631,727.88----
198615,017.4632,808.81----
198717,101.7934,019.00----
198819,153.3135,592.02----
198920,082.8336,900.88----
199022,573.7837,976.6928,799.9447,286.331.281.25
199123,917.2038,520.1630,255.4747,955.321.271.24
199225,405.2939,206.0431,639.4148,805.321.251.24
199325,823.8539,806.7633,228.3649,708.751.291.25
199427,746.3041,004.7835,056.7751,170.541.261.25
199530,847.9742,248.6437,019.4252,853.041.201.25
199631,539.1743,679.3839,187.3554,885.011.241.26
199731,431.0045,297.4941,449.0757,061.251.321.26
199831,346.6046,447.1943,017.1258,476.971.371.26
199932,511.9847,957.7345,183.2860,527.281.391.26
200033,571.1550,060.2748,530.9963,391.901.451.27
200133,367.4351,021.4650,874.6964,886.821.521.27
200234,644.7752,144.4453,278.1766,705.231.541.28
200338,882.9153,654.9056,270.4969,212.451.451.29
200443,787.7455,997.8260,923.0572,850.741.391.30
200547,411.8158,148.9865,720.4276,308.621.391.31
200651,340.9660,644.7971,998.6780,363.061.401.33
200757,833.2763,203.6378,024.2284,697.051.351.34
200863,433.4664,351.6782,629.7087,119.451.301.35
200960,138.4463,236.2783,420.2586,791.951.391.37
201065,956.6765,965.8888,996.1591,369.181.351.39
201173,297.3468,066.6495,092.8595,120.841.301.40
201274,965.6269,777.45100,128.2398,280.031.341.41
201377,050.5971,603.82105,567.52101,622.181.371.42
201479,131.4473,650.98110,941.76105,207.891.401.43
201574,842.7375,754.09115,588.49108,781.431.541.44
201675,937.8177,658.14120,848.15112,332.851.591.45
201780,683.7980,094.86127,570.27116,542.111.581.46