Everything about Gross World Product totally explained
Gross world product (GWP) is the total
gross national product of all the
countries in the world. This also equals the total
gross domestic product. See
measures of national income and output for more details. The
per capita GWP in 2000 was approximately $7,200
US dollars (USD). The
Intergovernmental Panel on Climate Change (IPCC), in their Third Assessment Report (TAR), predicts a maximum per-capita gross world product in
2100 of approximately $140,000 (in year 2000 dollars). The IPCC reports a survey of "economic literature" as providing a maximum value of approximately $110,000 (2000 USD).
Sometimes term
Gross Planetary Product (GPP) is also used for same concept.
Global growth
The table below gives the recent values of the overall global growth as well as for near future according to World Bank in terms of constat 2000 US$..
| Year | 2005 | 2006 | 2007f | 2008f | 2009f |
| World | 3.4 | 3.9 | 3.6 | 3.3 | 3.6 |
| EU | 1.8 | 2.8 | 2.4 |
| USA | 3.1 | 2.9 | 2.2 | 1.9 | 2.3 |
| Developing countries | 6.8 | 7.5 | 7.4 | 7.1 | 7.0 |
Note that the global growth rates are higher if stated in terms of
purchasing power parity.
Further Information
Get more info on 'Gross World Product'.
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