There is a discrepancy between the data for China given by IMF's World Economic Outlook (October 2020) database and the same data given by IMF's DATAMAPPER; the numbers here are from the former source. South Korea represented 2.02% of the world's economy in 2010 (highest point), and had its lowest world economy share at 0.156% in 1965. In 2012, Russia's Nominal GDP share was at 2.82% (highest point) and reached a nadir in 1998 (1.38%) before ending up at 1.9% in 2010. It accounted for 17.2% of the world's economy in 1870. Canada represented 2.63% of the world's economy in 1969. For all the hundreds, and really thousands, of years before 1870, the average GDP per capita was even lower. GDP milestones by countries (in trillions USD). After rising to 5.18% in 1974, its contribution to the world's economy fell to 2.81% in 2012 (lowest point). While the United States has consistently had the world's largest economy since the late nineteenth century, in the last fifty years the world has seen the rapid rise and fall in relative terms of the economies of other countries as the share of the United States shrinks. This is, the absolute gross domestic product or total productive output of a country, not corrected by cost of life. In 1870 the global GDP per capita is estimated to be around 1,263 international-$ per year and this is already after some world regions have achieved economic growth. The World Economy page 263 by Angus Maddison, World Bank historical list of ten largest countries by GDP, List of countries by GDP (PPP) in the nineteenth century, "National Accounts - Analysis of Main Aggregates (AMA)", "IMF historical GDP (PPP) Data (October 2014)", http://siteresources.worldbank.org/DATASTATISTICS/Resources/GDP_PPP.pdf, "Report for Selected Countries and Subjects", "GDP projections from PwC: how China, India and Brazil will overtake the West by 2050", List of top international rankings by country, https://en.wikipedia.org/w/index.php?title=List_of_countries_by_largest_historical_GDP&oldid=986069452, Short description is different from Wikidata, Wikipedia articles in need of updating from May 2016, All Wikipedia articles in need of updating, Creative Commons Attribution-ShareAlike License, This page was last edited on 29 October 2020, at 16:28. [14], Germany represented 8.98% of the world's economy in 1969 (highest point), falling to 4.74% in 2012 (lowest point). These estimates have been made in the year 2006 by the Goldman Sachs Bank, some countries like Spain and Netherlands were left out in the estimation and focused on Developing countries. China represented 1.618% of the world's economy in 1987 (lowest point), rising to 11.47% in 2012 (highest point). It is notable that through much of their empire-colonial relationship between the United Kingdom and India, the colony had the larger GDP. Something wrong here... Britain isn't on this list. (May 2016) This list of countries by largest historical GDP shows how the membership and rankings of the world's ten largest economies has changed. World GDP table by year, historic, and current data. Purchasing power parity (PPP) is the exchange-rate-adjusted GDP, accounting for the value of money in different countries. This list of countries by largest historical GDP shows how the membership and rankings of the world's ten largest economies has changed. [7], The following table provides GDP estimates for the 20 largest economies from 2016 to 2050 made by UK based PricewaterhouseCoopers in February 2017. These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database (April 2019 edition) and/or other sources. This figure has been generally stable, having peaked at 2.76% in 1981 and 2002, and being at its lowest (2.55%) in 1992. [13]. This is an alphabetical list of countries by past and projected gross domestic product (nominal) as ranked by the IMF. The United States Department of Agriculture has calculated the share of every country to global real GDP from 1969 to 2010.[12]. Current World GDP is 75.87 trillion USD. [3], GDP (Nominal) data in 1990, with some countries only GNP (Nominal) was provided by the CIA World Factbook. Values are given in millions of United States dollars (USD) and have not been adjusted for inflation. It accounted for 5.2% of the world's economy in 1820, 9.1% in 1870, and 8.3% in 1913. According to the World Bank, the 2013 nominal GWP was approximately US$ 75.59 trillion. The United Kingdom represented 6.42% of the world's economy in 1960 (highest point), falling to 3.42% in 2012 (lowest point). India made up 16% of the world's economy in 1820 and 25% in the 1500s .[13]. This was the case from 1820 through 1900. [1][2], The following list contains the various countries' projected GDP (nominal) from 2020 to 2025. Figures are based on official exchange rates, not on the purchasing power parity (PPP) methodology. International Monetary Fund (IMF), World Economic Outlook (WEO) database, October 2016 edition, gross domestic product, current prices, (millions of) U.S. dollars. There should be commentary highlighting the reason for the incompleteness (it doesn't seem credible that there was no economic data for the UK). The European Union represented 31.6% of the world's GDP at 1980 (highest point), and was at its lowest in 1985 at 25.01%. France represented 6.5% of the world's economy in 1870. menu. After rising to 5.94% in 1974, its contribution to the world's economy fell to 3.64% in 2012 (lowest point). Please update this article to reflect recent events or newly available information. This is principally due to the larger population of India. Japan represented 17.8% of the world's economy in 1994 (highest point), after that its contribution to the world's economy has gradually diminished, and reached its lowest point in 2012 (8.32%). [13], India represented 3.5% of the world's economy in 1964 (highest point), and had its lowest world economy share at 1% in 1992. World GDP by Year. Although the very lowest since 1960 was in the year 1960 when it produced 3.28% of the world's GDP. [16], The United States represented 28.69% of the world's economy in 1960 (highest point), and was at its lowest point at 21.42% in 2011. S&P 500 PE Ratio; Shiller PE Ratio ; 10 Year Treasury Rate; S&P 500 Dividend Yield; S&P 500 Earnings; S&P 500 Historical Prices; more; multpl. Italy represented 5.11% of the world's economy in 1969. The gross world product (GWP) is the combined gross national income 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). Russia accounted for 5.4% of the world's economy in 1820, 7.6% in 1870, and 8.6% in 1913. [8], The following table provides GDP estimates for the 50 largest economies in 2033 made by UK based Center for Business and Economic Research in December 2018. [13] England, Scotland and Wales generated 1.8% of the world's GDP in 1600. France represented 5.8% of the world's economy in 1969. Values are given in millions of United States dollars (USD) and have not been adjusted for inflation. In 2012 Canada's share was 2.54%. The following Table is based on UN GDP data. World Bank statistics of the ten largest economies by GDP (PPP), Angus Maddison statistics of the ten largest economies by GDP (PPP).
What Is The Grounding Problem Ethics,
Bioshock 2 Master Protector Glitch,
What Are The 7 Steps Of The Engineering Design Process?,
Liftmaster 1/2 Hp Chain Drive,
Chinese Pork Belly Curry,
Homes For Sale Bridport, Vt,
Advantages Of Courtship Behaviour In Animals,
Takis Fuego Ingredients,
Highest Paying Jobs For Statistics Majors,