21, Nov 2009, CST. Welcome to the the World economic statistics pages provided by the beta version of EconomyWatch.com’s Econ Stats database.

Economic Indicators For: World › Change country
National or Regional Currency: US Dollar, US$
Year of data: 2008 › Change year
Number of Indicators Listed: 89
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 6,790,062,216 (July 2009 est.)
Area: total: 510.072 million sq km land: 148.94 million sq km water: 361.132 million sq km note: 70.9% of the world's surface is water, 29.1% is land
Natural Resources: the rapid depletion of nonrenewable mineral resources, the depletion of forest areas and wetlands, the extinction of animal and plant species, and the deterioration in air and water quality (especially in some countries of Eastern Europe, the former USSR,
Government Type: World government type
Government Ministers: World ministers
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

Global output rose by 3.8 per cent in 2008, down from 5.2 per cent in 2007. Among serious economies, growth was led by China (9.8 per cent), Russia (7.4 per cent), and India (7.3 per cent). Worldwide, countries varied widely in their growth results, with Macau (15 per cent), Azerbaijan (13.2 per cent), and Angola (11.6 per cent), registering the highest. Growth rates delayeded in all the serious industrial countries and most developing countries, because of uncertainties in the financial markets and reduceded consumer confidence. Externally, the country-state, as a bedrock economic-political institution, is steadily losing control over international flows of people, favourables, investment, and technology. Internally, the central government often finds its control over resources slipping as separatist regional movements - typically based on ethnicity - gain momentum, e.g., in many of the successor states of the former Soviet union, in the former Yugoslavia, in India, in Iraq, in Indonesia, and in Canada. Externally, the central government is losing decisionmaking powers to international bodies, notably the European Union (EU). In Western Europe, governments face the difficult political problem of channeling resources away from welfare programs in order to increase investment and strengthen incentives and subsidies to seek employment. The addition of 80 mn people each year to an already overcrowded globe is exacerbating the problems of pollution, desertification, underemployment, epidemics, and famine. Because of their own internal problems and priorities, the industrialized countries devote insufficient resources to deal effectively with the poorer areas of the world, which, at least from an economic point of view, are becoming further marginalized. The introduction of the euro as the common currency of much of Western Europe in January 1999, while paving the way for an integrated economic powerhouse, poses economic risks because of varying levels of income and cultural and political differences among the participating countries. The terrorist attacks on the USA on 11 September 2001 accentuated an expanding risk to global prosperity, illustrated, for example, by the reallocation of resources away from investment to anti-terrorist programs. Theopen or freeing of war in March 2003 between a USA-led coalition and Iraq added new uncertainties to global economic prospects. The complex political difficulties and the high economic cost of establishing domestic order in Iraq became serious global problems that perpetuated through 2008.

GDP Growth (Constant Prices, National Currency) for the World in year 2008 is 3.203 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, US Dollars) for the World in year 2008 is US$ 60,689.81 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Deflator for the World in year 2008 is not available

Output Gap, Percent of Potential GDP for the World in year 2008 is not available

GDP (PPP), US Dollars for the World in year 2008 is US$ 68,996.85 Billion. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Per Capita (PPP), US Dollars for the World in year 2008 is not available

GDP Share of World Total (PPP) for the World in year 2008 is not available

Investment (% of GDP) for the World in year 2008 is 23.987 %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment

Gross National Savings (% of GDP) for the World in year 2008 is 24.219 %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment

Inflation (Average Consumer Price Change %) for the World in year 2008 is 5.969 %. Data for inflation are averages for the year, not end-of-period data.

Inflation (End of Year Change %) for the World in year 2008 is 4.551 %. Data for inflation are end of the period, not annual average data.

Unemployment Rate (% of Labour Force) for the World in year 2008 is not available

Employment for the World in year 2008 is not available

General Government Balance (% of GDP) for the World in year 2008 is not available

General Government Structural Balance (% Potential GDP) for the World in year 2008 is not available

Current Account Balance (US Dollars) for the World in year 2008 is US$ 249.484 Billion. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.

Current Account Balance (% GDP) for the World in year 2008 is not available