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List of continents by GDP (nominal)

World map showing nominal GDP of countries for the year 2010 according to the IMF.
Legend: (in billions of U.S. dollars)
  > 1,000
  200-999
  10-199
  < 10
  no data

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 continentsEdit

The following lists summarise the GDP (nominal) of each continent by adding GDP (nominal) of each nations within the seven continent model, sorted by USD. The first list includes 2016 data estimatesn1 for members of the International Monetary Fund. The second list shows the World Bank's mostly 2010 estimates, and the third list includes mostly 2010 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 (2017)[3] List by the World Bank (1990-2010)[4] List by the CIA World Factbook (2000-2010)[5]
Rank Continent GDP (billions of $) Year
World 79,870 2017
1 Asia 28,230 2017
2 North America 22,290 2017
3 Europe 20,200 2017
4 South America 3,940 2017
5 Africa 2,190 2017
6 Oceania 1,580 2017
7 Antarctica N/A 2017
Rank Continent GDP (billions of $) Year
World 53,175 2010
1 Europe 18,800 2010
2 North America 17,506 2010
3 Asia 10,575 2010
4 South America 3,633 2010
5 Africa 1,595 2010
6 Oceania 1,067 2010
7 Antarctica N/A 2010
Rank Continent GDP (billions of $) Year
World 55,045 2010
1 Europe 18,807 2010
2 North America 17,588 2010
3 Asia 12,085 2010
4 South America 3,536 2010
5 Africa 1,638 2010
6 Oceania 1,392 2010
7 Antarctica N/A 2010

GDP per capita (nominal) by continentsEdit

List by the International Monetary Fund (2017)[6][7] List by the World Bank (1990-2010)[4] List by the CIA World Factbook (2000-2010)[5]
Rank Continent GDP per
capita (US$)
Year
World Average 10,830 2017
1 Oceania 53,400 2017
2 North America 45,560 2017
3 Europe 27,330 2017
4 South America 9,330 2017
5 Asia 6,690 2017
6 Africa 1,820 2017
7 Antarctica 0 (N/A) 2017
Rank Continent GDP per
capita (US$)
Year
World Average 16,837 2010
1 North America 32,296 2010
2 Oceania 29,909 2010
3 Europe 24,969 2016
4 South America 9,254 2010
5 Asia 2,539 2010
6 Africa 1,560 2010
7 Antarctica 0 (N/A) 2010
Rank Continent GDP per
capita (US$)
Year
World Average 18,409 2010
1 Oceania 39,000 2010
2 North America 32,446 2010
3 Europe 25,476 2010
4 South America 9,006 2010
5 Asia 2,902 2010
6 Africa 1,603 2010
7 Antarctica 0 (N/A) 2010

NotesEdit

1. ^ Estimated by IMF staff.
2. ^ Figures exclude Taiwan, and special administrative regions of Hong Kong and Macau.
3. ^ The Eurozone in 2010 was 16 of 27 European Union countries: Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain.
4. ^ Data include the French overseas departments of French Guiana, Guadeloupe, Martinique, and Réunion.
5. ^ Excludes Kosovo.
6. ^ Hyperinflation and the plunging value of the Zimbabwean dollar makes Zimbabwe's nominal GDP a highly inaccurate statistic.
7. ^ Excludes data for Transnistria.
8. ^ Includes Former Spanish Sahara.
9. ^ Data are for the area controlled by the Government of the Republic of Cyprus.
10. ^ Covers mainland Tanzania only.
11. ^ Excludes Abkhazia and South Ossetia.

ReferencesEdit

  1. ^ "Composition of macro geographical (continental) regions, geographical sub-regions, and selected economic and other groupings". United Nations Statistics Division. 
  2. ^ "Standard country or area codes and geographical regions for statistical use". United Nations Statistics Division. 
  3. ^ "IMF DataMapper". International Monetary Fund. International Monetary Fund. Retrieved 6 March 2017. 
  4. ^ a b Data refer mostly to the year 2010. World Development Indicators database, World Bank. Accessed on 29 September 2011.
  5. ^ a b Field listing - GDP (official exchange rate), CIA World Factbook. Accessed on 26 September 2011.
  6. ^ International Monetary Fund (2017). "Nominal GDP per capita". IMF Data Mapper. International Monetary Fund. Retrieved September 24, 2017. 
  7. ^ International Monetary Fund (October 2016). "World Economic Outlook". International Monetary Fund. Retrieved February 22, 2017.