Roman Economy - Gross Domestic Product

Gross Domestic Product

See also: Roman currency

All cited economic historians stress the point that, given the general paucity of relevant data from antiquity, any estimate can only be regarded as a rough approximation to the realities of the ancient economy.

Estimates of Roman per-capita and total GDP
Unit Goldsmith
1984
Hopkins
1995/1996
Temin
2006
Maddison
2007
Bang
2008
Scheidel / Friesen
2011
Lo Cascio / Malanima
2011
GDP per capita Sesterces HS 380 HS 225 HS 166 HS 380 HS 229 HS 260 HS 380
Wheat equivalent 843 kg 491 kg 614 kg 843 kg 500 kg 680 kg 855 kg
1990 Int$ $570 $620 $940
Population
(Approx. year)
55m
(14 AD)
60m
(14 AD)
55m
(100 AD)
44m
(14 AD)
60m
(150 AD)
70m
(150 AD)

(14 AD)
Total GDP Sesterces HS 20.9bn HS 13.5bn HS 9.2bn HS 16.7bn HS 13.7bn ~HS 20bn
Wheat equivalent 46.4 Mt 29.5 Mt 33.8 Mt 37.1 Mt 30 Mt 50 Mt
1990 Int$ $25.1bn $43.4bn
"–" indicates unknown value.
  • A ^ Decimal fractions rounded to the nearest tenth. Italic numbers not directly given by the authors; they are obtained by multiplying the respective value of GDP per capita by estimated population size.

Italia is considered to have been the richest region, due to tax transfers from the provinces and to the concentration of elite income in the heartland; its GDP per capita is estimated at having been around 40% to 66% higher than in the rest of the empire.


Read more about this topic:  Roman Economy

Famous quotes containing the words gross, domestic and/or product:

    We are ashamed to seem evasive in the presence of a straightforward man, cowardly in the presence of a brave one, gross in the eyes of a refined one, and so on. We always imagine, and in imagining share, the judgments of the other mind.
    Charles Horton Cooley (1864–1929)

    It’s a naïve domestic Burgundy without any breeding, but I think you’ll be amused by its presumption.
    James Thurber (1894–1961)

    Evil is committed without effort, naturally, fatally; goodness is always the product of some art.
    Charles Baudelaire (1821–1867)