World GDP

October 13, 2010GDPby EconomyWatch

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About GDP
World GDP (purchasing power parity) is measured as GWP (gross world product) which was estimated to be around $ 65.61 trillion in 2007. GDP (official exchange rate) or GWP (gross world product) was $ 54.62 trillion according to 2007 estimates. Real growth rate of GDP was estimated to be nearly 5.2 percent and GDP per capita (PPP) to be $10,000. Agricultural sector comprised 4 percent, industry- 32 percent, and services contributed 64 percent to total world GDP.

Following are some countries and regions with GDP rankings according to 2007 estimates of International Monetary Fund, World Bank, and CIA World Factbook.

According to all of these organizations, world GDP rankings are –

1) United States with a GDP of $13,807,550
2) Japan with a GDP of $4,381,576
3) Germany with a GDP of $3,320,913
4) China (PRC) with a GDP of $3,280,224
5) United Kingdom with a GDP of $ 2,804,437
6) France with a GDP of $2,593,779

7) Italy with a GDP of $2,104,666
8) Spain with a GDP of $1,439,983
9) Canada with a GDP of $1,436,086
10) Brazil with a GDP of $1,313,590

European GDP (nominal) rankings according to 2008 estimates by International Monetary Fund are –

1) Germany with a GDP of $3,653.366
2) France with a GDP of $2,978.121
3) United Kingdom with a GDP of $2,787.371
4) Italy with a GDP of $2,330.005
5) Spain with a GDP of $1,438.959
6 )Russia with a GDP of $1,698.647
7) Netherlands with a GDP of $ 862.900
8) Turkey with a GDP of $748.301
9) Sweden with a GDP of $502.527
10) Belgium with a GDP of $507.144

Ranking of North American countries by GDP (nominal) according to 2008 estimates by International Monetary Fund are –

1) United States with a GDP of $14,195,032
2) Canada with a GDP of $1,571,070
3) Mexico with a GDP of $949,576
4) Guatemala with a GDP of $35,729
5) Dominican Republic with a GDP of $37,698
6) Costa Rica with a GDP of $ 31,564
7) El Salvador with a GDP of $21,824
8) Panama with a GDP of $22,863
9) Jamaica with a GDP of $12,824
10) Honduras with a GDP of $13,779

Ranking of Asian countries by GDP (nominal) according to 2007 figures from CIA Factbook are –

1) China (excludes Hong Kong, Macau) with a GDP of $7,043,000
2) Japan with a GDP of $4,305,000
3) India with a GDP of $2,965,000
4) South Korea with a GDP of $1,206,000
5) Indonesia with a GDP of $837,800
6) Iran with a GDP of $753,000
7) Republic of China (Taiwan) with a GDP of $690,100
8) Saudi Arabia with a GDP of $572,200
9) Thailand with a GDP of $519,900
10) Pakistan with a GDP of $446,100