Source | International Monetary Fund World Economic Outlook (October - 2024) |
UN | |
Date | 13 Feb 2025 |
Asia is the largest continental economy in the world. With $42.60 trillion in nominal terms, Asia accounts for 36.89% of the world's GDP. In PPP terms, its shares go close to 49% with international $100 trillion. North America has the 2nd highest continental economy in nominal terms, while Europe is the 2nd highest continental economy in PPP methods. Asia, North America, and Europe together share about 91.84% of the global economy on a nominal basis and 88.8% on a PPP basis. In nominal data, South America is in 4th position, while in PPP data, Africa is in 4th position. Oceania is the smallest continental economy in the world.
Northern America ($32.7 trillion) has the highest economy among subregions, followed by Eastern Asia ($27.19 trillion) and Western Europe ($11.84 trillion). These three subregions together share about 62.08% of the global economy. In PPP terms, Eastern Asia replaces Northern America at the top position, and Southern Asia replaces Western Europe at the 3rd position. Eastern Asia includes China and Japan, the 2nd and 3rd largest economies in the world. Northern America includes the United States, the largest economy in the world. Micronesia is the smallest subregion, followed by Polynesia, having just above $1 billion in GDP.
As per the UN, Asia's share had increased from 14.14% in 1970 to 36.25% in 2023. The contribution of South America and Oceania has also increased in the global economy. The share of Europe has declined from 44.52% in 1970 to 24.36% in 2023. Among subregions, Eastern Asia is the highest share gainer, from 9.07% in 1970 to 23.65% in 2023. Conversely, Eastern Europe lost the most: 20.66% in 1970 to 3.99% in 2023.
The grouping of continents and subregions is as per the United Nations Statistics Division.
Continent | GDP (Nominal) (billions of $) | GDP (PPP) (billions of Int. $) | ||||||
---|---|---|---|---|---|---|---|---|
2024 | 2025 | Net change | Share(%) | 2024 | 2025 | Net change | Share(%) | |
Asia | 39,870.151 | 42,600.481 | 2,730.330 | 36.89 | 94,157.452 | 100,024.482 | 5,867.030 | 48.92 |
Africa | 2,793.329 | 2,836.801 | 43.472 | 2.46 | 10,185.460 | 10,799.837 | 614.377 | 5.28 |
Europe | 27,072.669 | 28,193.858 | 1,121.189 | 24.41 | 42,064.325 | 43,501.877 | 1,437.552 | 21.28 |
North America | 33,978.682 | 35,276.344 | 1,297.662 | 30.54 | 36,529.093 | 37,987.662 | 1,458.569 | 18.58 |
South America | 4,253.331 | 4,407.415 | 154.084 | 3.82 | 9,450.786 | 9,887.912 | 437.126 | 4.84 |
Oceania | 2,098.047 | 2,189.298 | 91.251 | 1.90 | 2,247.970 | 2,337.608 | 89.638 | 1.14 |
World | 110,064.915 | 115,494.312 | 5,429.397 | 194,568.527 | 204,472.657 | 9,904.130 |
Continent | GDP (billions of $) | Share (%) | ||||
---|---|---|---|---|---|---|
1970 | 2000 | 2023 | 1970 | 2000 | 2023 | |
Asia | 520.63 | 9,623.53 | 38,407.19 | 14.14 | 28.42 | 36.25 |
Africa | 116.69 | 673.48 | 2,807.07 | 3.17 | 1.99 | 2.65 |
Europe | 1,638.98 | 9,735.61 | 25,807.64 | 44.52 | 28.75 | 24.36 |
North America | 1,234.67 | 11,976.34 | 32,586.67 | 33.54 | 35.37 | 30.76 |
South America | 116.69 | 1,370.18 | 4,247.89 | 3.17 | 4.05 | 4.01 |
Oceania | 54.02 | 480.54 | 2,087.01 | 1.47 | 1.42 | 1.97 |
World | 3,682 | 33,860 | 105,943 |
Subregion | GDP (Nominal) (billions of $) | GDP (PPP) (billions of Int. $) | ||||||
---|---|---|---|---|---|---|---|---|
2024 | 2025 | Net change | Share(%) | 2024 | 2025 | Net change | Share(%) | |
Southern Asia | 5,308.744 | 5,787.008 | 478.264 | 5.01 | 21,611.618 | 23,262.577 | 1,650.959 | 11.38 |
Western Asia | 4,591.704 | 4,810.895 | 219.191 | 4.17 | 9,297.753 | 9,792.478 | 494.725 | 4.79 |
South-Eastern Asia | 3,984.594 | 4,251.447 | 266.853 | 3.68 | 12,227.039 | 13,028.558 | 801.519 | 6.37 |
Eastern Asia | 25,467.251 | 27,194.364 | 1,727.113 | 23.55 | 49,473.491 | 52,291.632 | 2,818.141 | 25.57 |
Central Asia | 517.858 | 556.767 | 38.909 | 0.48 | 1,547.551 | 1,649.237 | 101.686 | 0.81 |
Southern Africa | 443.638 | 462.371 | 18.733 | 0.40 | 1,104.757 | 1,145.086 | 40.329 | 0.56 |
Western Africa | 551.211 | 571.037 | 19.826 | 0.49 | 2,562.758 | 2,723.090 | 160.332 | 1.33 |
Northern Africa | 924.506 | 911.384 | -13.122 | 0.79 | 3,861.120 | 4,092.199 | 231.079 | 2.00 |
Eastern Africa | 563.684 | 563.180 | -0.504 | 0.49 | 1,738.535 | 1,873.573 | 135.038 | 0.92 |
Middle Africa | 297.406 | 315.911 | 18.505 | 0.27 | 883.700 | 932.375 | 48.675 | 0.46 |
Southern Europe | 5,029.209 | 5,262.374 | 233.165 | 4.56 | 7,985.888 | 8,264.160 | 278.272 | 4.04 |
Western Europe | 11,352.056 | 11,842.780 | 490.724 | 10.25 | 14,366.533 | 14,780.267 | 413.734 | 7.23 |
Northern Europe | 6,183.551 | 6,430.781 | 247.230 | 5.57 | 7,504.101 | 7,773.651 | 269.550 | 3.80 |
Eastern Europe | 4,507.853 | 4,657.923 | 150.070 | 4.03 | 12,207.803 | 12,683.799 | 475.996 | 6.20 |
Northern America | 31,382.575 | 32,667.470 | 1,284.895 | 28.28 | 31,750.007 | 33,029.215 | 1,279.208 | 16.15 |
Central America | 2,238.327 | 2,232.453 | -5.874 | 1.93 | 4,143.754 | 4,293.350 | 149.596 | 2.10 |
Caribbean | 357.780 | 376.421 | 18.641 | 0.33 | 635.332 | 665.097 | 29.765 | 0.33 |
South America | 4,253.331 | 4,407.415 | 154.084 | 3.82 | 9,450.786 | 9,887.912 | 437.126 | 4.84 |
Australia and New Zealand | 2,054.242 | 2,144.064 | 89.822 | 1.86 | 2,181.793 | 2,267.845 | 86.052 | 1.11 |
Melanesia | 40.568 | 41.771 | 1.203 | 0.04 | 62.236 | 65.600 | 3.364 | 0.03 |
Polynesia | 1.686 | 1.797 | 0.111 | 0.00 | 2.323 | 2.450 | 0.127 | 0.00 |
Micronesia | 1.551 | 1.666 | 0.115 | 0.00 | 1.618 | 1.713 | 0.095 | 0.00 |
World | 110,064.915 | 115,494.312 | 5,429.397 | 194,568.527 | 204,472.657 | 9,904.130 |
Subregion | GDP (billions of $) | Share (%) | Continent | ||||
---|---|---|---|---|---|---|---|
1970 | 2000 | 2023 | 1970 | 2000 | 2023 | ||
Central Asia | - | 41.98 | 441.12 | - | 0.12 | 0.42 | Asia |
Eastern Africa | 19.75 | 82.71 | 564.96 | 0.54 | 0.24 | 0.53 | Africa |
Western Africa | 41.36 | 119.89 | 699.25 | 1.12 | 0.35 | 0.66 | Africa |
Northern Africa | 24.74 | 262.29 | 850.25 | 0.67 | 0.77 | 0.80 | Africa |
Middle Africa | 11.28 | 44.57 | 276.39 | 0.31 | 0.13 | 0.26 | Africa |
Southern Africa | 19.56 | 164.02 | 416.22 | 0.53 | 0.48 | 0.39 | Africa |
Eastern Asia | 333.81 | 7,298.54 | 25,056.94 | 9.07 | 21.56 | 23.65 | Asia |
Southern Asia | 98.44 | 758.92 | 4,850.54 | 2.67 | 2.24 | 4.58 | Asia |
South-Eastern Asia | 37.75 | 626.69 | 3,791.18 | 1.03 | 1.85 | 3.58 | Asia |
Western Asia | 50.63 | 897.41 | 4,267.41 | 1.38 | 2.65 | 4.03 | Asia |
Eastern Europe | 760.51 | 659.86 | 4,226.72 | 20.66 | 1.95 | 3.99 | Europe |
Northern Europe | 214.89 | 2,524.07 | 5,899.80 | 5.84 | 7.45 | 5.57 | Europe |
Southern Europe | 192.94 | 2,067.32 | 4,794.61 | 5.24 | 6.11 | 4.53 | Europe |
Western Europe | 470.64 | 4,484.36 | 10,886.51 | 12.78 | 13.24 | 10.28 | Europe |
Northern America | 1,162.85 | 11,000.23 | 29,874.35 | 31.58 | 32.49 | 28.20 | North America |
Central America | 54.49 | 810.93 | 2,157.45 | 1.48 | 2.39 | 2.04 | North America |
Caribbean | 17.33 | 165.18 | 554.86 | 0.47 | 0.49 | 0.52 | North America |
South America | 116.69 | 1,370.18 | 4,247.89 | 3.17 | 4.05 | 4.01 | South America |
Australia and New Zealand | 51.84 | 464.57 | 2,027.80 | 1.41 | 1.37 | 1.91 | Oceania |
Melanesia | 1.77 | 11.06 | 49.35 | 0.05 | 0.03 | 0.05 | Oceania |
Polynesia | 0.34 | 4.31 | 8.37 | 0.01 | 0.01 | 0.01 | Oceania |
Micronesia | 0.07 | 0.59 | 1.48 | 0.00 | 0.00 | 0.00 | Oceania |
World | 3,682 | 33,860 | 105,943 |