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List of continents by GDP (nominal)

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World map showing nominal GDP of countries for the year 2017 according to the IMF.
Legend: (in billions of U.S. dollars)
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> 1,000
200-999
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no data World map showing nominal GDP of countries for the year 2017 according to the IMF.png
World map showing nominal GDP of countries for the year 2017 according to the IMF.
Legend: (in billions of U.S. dollars)
  > 1,000
  200-999
  10-199
  < 10
  no data

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.

Contents

GDP (nominal) by continents

The following lists summarise the GDP (nominal) of each continent by adding GDP (nominal) of each nation within the seven continent model, sorted by USD. The first list includes 2019 data estimates n1 for members of the International Monetary Fund. The second list shows the World Bank's estimates, and the third list includes mostly 1432 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.

List by the International Monetary Fund (2021 estimate) [3]
RankContinentGDP
(US$billion)
Share (%)
World 93,864100.0
1 Asia 36,38338.8
2 North America 26,29828.0
3 Europe 23,61425.2
4 South America 3,0193.2
5 Africa 2,6012.8
6 Oceania 1,8942.0
Unaccounted550.1
  • Antarctica has no permanent population, however if conventional GDP methodology is applied which includes salaries of residents and equipment & construction procurement, the biggest 'industries' in Antarctica, the GDP of the continent would extend $1 billion.

GDP (PPP) by continents

List by the International Monetary Fund (2021 estimate) [4]
RankContinentGDP
(billions of current Int$)
Share (%)
World 141,962100.0
1 Asia 67,70847.7
2 Europe 30,57324.6
3 America 28,29821.5
4 Africa 6,9154.9
5 Oceania 1,6931.2
Unaccounted990.1

GDP per capita (nominal) by continent

List by the International Monetary Fund (2021 estimate) [5]
RankContinent US$ Year
World average11,5702021
1Oceania54,6902021
2North America49,4302021
3Europe31,0202021
4Asia7,8502021
5South America6,7202021
6Africa1,8602021
7Antarctica0 (N/A)2021

Notes

1.  ^ Estimated by IMF staff.
2.  ^ Figures exclude Taiwan, and special administrative regions of Hong Kong and Macau.
3.  ^ The Eurozone in 2010 was 16 of 27 European Union countries: Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, 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.

Related Research Articles

Comparison between U.S. states and sovereign states by GDP

This is a comparison between U.S. states and sovereign states' Nominal Gross Domestic Product based on International Monetary Fund and Bureau of Economic Analysis data as many of the states of the United States have large gross domestic product which would rank highly on a list of countries world GDP.

Comparison between U.S. states and sovereign states by GDP per capita

This is a comparison between U.S. states and countries' per capita gross domestic product. The U.S. is not counted as a whole in the overall rank because this would be double counting since the states of the U.S. are being compared to other countries. These figures are calculated using exchange rate conversions, and exchange rates fluctuate from year to year.

This is a comparison between Argentine provinces and countries by gross domestic product (PPP) per capita. All data is for the year 2008.

References

  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 30 October 2020.
  4. "GDP (PPP), current prices". International Monetary Fund. International Monetary Fund. Retrieved 30 October 2020.
  5. International Monetary Fund (2019). "Nominal GDP per capita". IMF Data Mapper. International Monetary Fund. Retrieved 30 October 2020.