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:
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