Gross world product is the total gross national product of all the countries in the world. This also equals the total gross domestic product

Gross domestic product

Gross domestic product refers to the market value of all final goods and services produced within a country in a given period. GDP per capita is often considered an indicator of a country's standard of living....

. See measures of national income and output

Measures of national income and output

A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product , gross national product , and net national income . All are specially concerned with counting the total amount of goods and...

 for more details. The per capita

Per capita

Per capita is a Latin prepositional phrase: per and capita . The phrase thus means "by heads" or "for each head", i.e. per individual or per person...

 GWP in 2008 was approximately $10,500 US dollars (USD).

Recent global growth

The table below gives the recent values of the overall global growth as well as for near future according to World Economic Outlook

World Economic Outlook

World Economic Outlook is basically a survey conducted and published by International Monetary Fund. It is published twice and partly updated 3 times in an year. It portrays the world economy in the near and medium context...

, 2011, of International Monetary Fund

International Monetary Fund

The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...

 in terms of constant prices (year-on-year, based on purchasing power parity

Purchasing power parity

In economics, purchasing power parity is a condition between countries where an amount of money has the same purchasing power in different countries. The prices of the goods between the countries would only reflect the exchange rates...

).

Year	2006	2007	2008	2009	2010	2011	2012
World	5.1	5.2	3.0	-0.5	5.1	4.3	4.5
Advanced economies	3.0	2.7	0.6	-3.4	3.0	2.2	2.6
Euro area	2.9	2.7	0.7	-4.1	1.8	2.0	1.7
USA	2.7	2.1	0.4	-2.6	2.9	2.5	2.7
Developing countries	7.9	8.3	6.0	2.8	7.4	6.6	6.4

The 2011 & 2012 figures are IMF estimates.

Historical and prehistorical trends

J. Bradford DeLong of the Department of Economics, U.C. Berkeley has estimated Total World GDP for the period one million BC to 2000 AD, as reproduced below. "Billion" in the table below refers to the short scale

Long and short scales

The long and short scales are two of several different large-number naming systems used throughout the world for integer powers of ten. Many countries, including most in continental Europe, use the long scale whereas most English-speaking countries use the short scale...

 usage of the term, where 1 billion = 1000 millions = 10⁹.

Year	GDP (billions of 1990 dollars)
2000 AD	41016.69
1995 AD	33644.33
1990 AD	27539.57
1985 AD	22481.11
1980 AD	18818.46
1975 AD	15149.42
1970 AD	12137.94
1965 AD	9126.98
1960 AD	6855.25
1955 AD	5430.44
1950 AD	4081.81
1940 AD	3001.36
1930 AD	2253.81
1925 AD	2102.88
1920 AD	1733.67
1900 AD	1102.96
1875 AD	568.08
1850 AD	359.90
1800 AD	175.24
1750 AD	128.51
1700 AD	99.80
1650 AD	81.74
1600 AD	77.01
1500 AD	58.67
1400 AD	44.92
1340 AD	40.50
1300 AD	32.09
1250 AD	35.58
1200 AD	37.44
1100 AD	39.60
1000 AD	35.31
900 AD	31.68
800 AD	25.23
700 AD	23.44
600 AD	20.86
500 AD	19.92
400 AD	18.44
350 AD	17.93
200 AD	18.54
14 AD	17.50
1 AD	18.50
200 BC	17.00
400 BC	16.02
500 BC	13.72
800 BC	9.72
1000 BC	6.35
1600 BC	4.36
2000 BC	3.02
3000 BC	1.59
4000 BC	0.77
5000 BC	0.51
8000 BC	0.43
10,000 BC	0.37
25,000 BC	0.31
300,000 BC	0.09
1,000,000 BC	0.01

See also

• Gross domestic product
  Gross domestic product
  Gross domestic product refers to the market value of all final goods and services produced within a country in a given period. GDP per capita is often considered an indicator of a country's standard of living....
  
  
• List of countries by GDP (nominal)
• List of countries by GDP (PPP)
• List of countries by GDP growth
• World economy
  World economy
  The world economy, or global economy, generally refers to the economy, which is based on economies of all of the world's countries, national economies. Also global economy can be seen as the economy of global society and national economies – as economies of local societies, making the global one....
  
  

External links

• CIA World Factbook 2008
• IMF database - contains continuously updated "World Economic Outlook" tables and reports.