List of continents by GDP (nominal)

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
• GDP (PPP) by continents
• GDP per capita (nominal) by continent
• Notes
• References

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 (2022 estimate) [3]
Rank Continent GDP (US$billion) Share (%) Countries collectively constituting at least 50% of the continent's GDP (nominal) World 103,867 100.0 1 Asia 41,635 40.1   China (47.8%)   Japan (11.8%) 2 North America 29,529 28.4   United States (85.8%) 3 Europe 24,021 23.1   Germany (17.7%)   United Kingdom (14.1%)   France (12.2%)   Italy (8.6%) 4 South America 3,619 3.5   Brazil (50.7%) 5 Africa 2,965 2.9   Nigeria (17.2%)   Egypt (14.7%)   South Africa (14.4%)   Algeria (6.5%) 6 Oceania 2,045 2.0   Australia (85.5%) Unaccounted 55 0.1

• 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 (2022 estimate) [4]
Rank Continent GDP (billions of current Int$) Share (%) Countries collectively constituting at least 50% of the continent's GDP (PPP) World 160,244 100.0 1 Asia 77,232 48.2   China (39.1%)   India (15.2%) 2 Europe 33,617 21.0   Germany (15.7%)   Russia (13.0%)   United Kingdom (11.2%)   France (10.9%) 3 North America 31,713 19.8   United States (79.9%) 4 Africa 8,045 5.0   Egypt (19.4%)   Nigeria (15.8%)   South Africa (11.7%)   Algeria (7.3%) 5 South America 7,608 4.7   Brazil (48.4%)   Argentina (15.7%) 6 Oceania 1,922 1.2   Australia (83.5%) Unaccounted 107 0.1

GDP per capita (nominal) by continent

Notes

Related Research Articles

References