Jump to content

List of continents by GDP

From Wikipedia, the free encyclopedia

Countries by estimated nominal GDP in 2024:n12
  > $20 trillion
  $10–20 trillion
  $5–10 trillion
  $1–5 trillion
  $750 billion – $1 trillion
  $500–750 billion
  $250–500 billion
  $100–250 billion
  $50–100 billion
  $25–50 billion
  $5–25 billion
  < $5 billion

This article includes a list of continents of the world sorted by their gross domestic product (GDP), the market value of all final goods and services from a continent in a given year. The GDP dollar estimates presented here are calculated at market or government official exchange rates. The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. Such fluctuations may change a continents ranking from one year to the next, even though they often make little or no difference to the standard of living of its population. Therefore, these figures should be used with caution. Comparisons of national wealth are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. (See List of countries by GDP (PPP).) PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, and it also requires more estimation than GDP per capita. On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures.

The following lists summarise the GDP (nominal) of each continent by adding GDP (nominal) of each nation as per the seven-continent model, sorted by USD. The first list includes 2024 data estimatesn1 for members of the International Monetary Fund. The second list shows the World Bank's estimates, and the third list includes mostly 2024 estimates from the CIA World Factbook.

In these lists, the sovereign states and dependent territories are classified according to the geoscheme created by the United Nations Statistics Division.[1] According to the UN, the assignment of countries or areas to specific groupings is for statistical convenience and does not imply any assumption regarding political or other affiliation of countries or territories.[2]

For more information, please see list of sovereign states and dependent territories by continent.

Continents by GDP (nominal)

[edit]
List by the International Monetary Fund (2024 estimate)[3]
Rank Continent GDP
(billions
of USD)
Share
(%)
Country(ies) collectively
constituting at least
50% of the GDP (nominal)
World 110,065 100.0%  United States (26.5%)
 China (16.6%)
 Germany (4.3%)
 Japan (3.7%)
1 Asia 39,781 36.1%  China (45.9%)
 Japan (10.2%)
2 North America 34,007 30.9%  United States (85.8%)
3 Europe 27,096 24.6%  Germany (17.4%)
 United Kingdom (13.2%)
 France (11.7%)
 Italy (8.8%)
4 South America 4,225 3.8%  Brazil (51.8%)
5 Africa 2,781 2.5%  South Africa (14.5%)
 Egypt (13.7%)
 Algeria (9.4%)
 Nigeria (7.2%)
 Morocco (5.6%)
6 Oceania 2,097 1.9%  Australia (85.9%)
Unaccounted 79 0.2% N/A

Note:

  • Antarctica has no permanent population. However, if conventional GDP methodology is applied, which includes salaries of residents, as well as construction and equipment procurement (the biggest "industries" in Antarctica), the GDP of the continent would exceed one billion United States dollars.[citation needed]

Continents by GDP (PPP)

[edit]
List by the International Monetary Fund (2024 estimate)[4]
Rank Continent GDP
(billions of
current Int$)
Share
(%)
Country(ies) collectively
constituting at least
50% of the GDP (PPP)
World 194,569 100.0%  China (19.1%)
 United States (15.0%)
 India (8.2%)
 Russia (3.6%)
 Japan (3.4%)
 Germany (3.1%)
1 Asia 93,945 48.3%  China (39.5%)
 India (17.1%)
2 Europe 42,090 21.6%  Russia (16.4%)
 Germany (14.3%)
 France (10.4%)
 United Kingdom (10.2%)
3 North America 36,606 18.8%  United States (79.7%)
4 Africa 10,155 5.2%  Egypt (22.0%)
 Nigeria (14.7%)
 South Africa (9.8%)
 Algeria (8.1%)
5 South America 9,374 4.8%  Brazil (50.2%)
6 Oceania 2,247 1.2%  Australia (84.5%)
Unaccounted 152 0.1% N/A

Continents by GDP per capita (nominal)

[edit]
List by the International Monetary Fund (2024 estimate)[5]
Rank Continent GDP per capita
(USD)
Peak year
1 North America $64,961 2024
2 Australia and New Zealand $63,842 2012
3 Europe $36,751 2024
World $13,898 2024
4 South America $11,242 2012
5 Asia and Pacific $8,632 2024
6 Africa $2,409 2014

Continents by GDP per capita (PPP)

[edit]
List by the International Monetary Fund (2024 estimate)[6]
Rank Continent GDP per capita
(USD)
Peak year
1 North America $68,583 2024
2 Australia and New Zealand $66,771 2024
3 Europe $57,086 2024
World No data N/A
4 South America $21,575 2024
5 Asia and Pacific $20,060 2024
6 Africa $7,087 2024

Notes

[edit]
1. ^ Estimated by the International Monetary Fund (IMF) staff.
2. ^ Figures exclude Taiwan and the special administrative regions of Hong Kong and Macao.
3. ^ The Eurozone in 2010 was 16 of 27 European Union countries: Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.
4. ^ Data include the French overseas departments of French Guiana, Guadeloupe, Martinique, and Réunion.
5. ^ Excludes Kosovo.
6. ^ Hyperinflation and the plunging value of the Zimbabwean dollar makes Zimbabwe's nominal GDP a highly inaccurate statistic.
7. ^ Excludes data for Transnistria.
8. ^ Includes former Spanish Sahara.
9. ^ Data are for the area controlled by the Government of the Republic of Cyprus.
10. ^ Covers Mainland Tanzania only.
11. ^ Excludes Abkhazia and South Ossetia.
12. ^ Based on the best available GDP figure for each country at the time of creation (16 June 2024). Best available GDP figure was defined as the latest available figure from the International Monetary Fund (including forecasts for the current year), otherwise the latest available figure from the World Bank, otherwise the latest available figure from the United Nations Statistics Division; however, countries that didn't have any figure for a year more recent than 2019 were not included at all. For almost all countries, the latest IMF forecast figure for 2024 was used.

References

[edit]
  1. ^ "Composition of macro geographical (continental) regions, geographical sub-regions, and selected economic and other groupings". United Nations Statistics Division.
  2. ^ "Standard country or area codes and geographical regions for statistical use". United Nations Statistics Division.
  3. ^ "GDP (Nominal), current prices". International Monetary Fund. International Monetary Fund. Retrieved 17 November 2024.
  4. ^ "GDP (PPP), current prices". International Monetary Fund. International Monetary Fund. Retrieved 17 November 2024.
  5. ^ International Monetary Fund (2024). "Nominal GDP per capita". IMF Data Mapper. International Monetary Fund. Retrieved 17 November 2024.
  6. ^ International Monetary Fund (2024). "GDP PPP per capita". IMF Data Mapper. International Monetary Fund. Retrieved 17 November 2024.