Gross World Product
The gross world product (GWP) is the combined gross national product of all the countries in the world. Because imports and exports balance exactly when considering the whole world, this also equals the total global gross domestic product (GDP). In 2011, the GWP totalled approximately US$79.39 trillion in terms of purchasing power parity (PPP), while the per capita GWP was approximately US$11,900. In nominal terms, the total 2011 GWP was around US$69.11 trillion.
Read more about Gross World Product: Recent Global Growth, Historical and Prehistorical Estimates
Famous quotes containing the words gross, world and/or product:
“When life has been well spent, age is a loss of what it can well spare,—muscular strength, organic instincts, gross bulk, and works that belong to these. But the central wisdom, which was old in infancy, is young in fourscore years, and dropping off obstructions, leaves in happy subjects the mind purified and wise.”
—Ralph Waldo Emerson (1803–1882)
“What a world is this! What is there in it desirable? The good we hope for so strangely mixed, that one knows not what to wish for! And one half of mankind tormenting the other, and being tormented themselves in tormenting!”
—Samuel Richardson (1689–1761)
“In fast-moving, progress-conscious America, the consumer expects to be dizzied by progress. If he could completely understand advertising jargon he would be badly disappointed. The half-intelligibility which we expect, or even hope, to find in the latest product language personally reassures each of us that progress is being made: that the pace exceeds our ability to follow.”
—Daniel J. Boorstin (b. 1914)