Wikipedia

List of regions by past GDP (PPP) per capita

For estimations of total GDP in history, see List of regions by past GDP (PPP).

These are lists of regions and countries by their estimated real gross domestic product (GDP) per capita in terms of purchasing power parity (PPP), the value of all final goods and services produced within a country/region in a given year divided by population size. GDP per capita dollar (international dollar) estimates here are derived from PPP estimates.

Characteristics

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In the absence of sufficient data for nearly all economies until well into the 19th century, past GDP per capita often cannot be calculated, but only roughly estimated. A key notion in the whole process is that of subsistence, the income level which is necessary for sustaining one's life. Since pre-modern societies, by modern standards, were characterized by a very low degree of urbanization and a large majority of people working in the agricultural sector, economic historians prefer to express income in cereal units. To achieve comparability over space and time, these numbers are then converted into monetary units such as International Dollars, a step which leaves a relatively wide margin of interpretation.

World

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1–1800 (Maddison Project)

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The Maddison Project is an international group of scholars who continue and build upon Maddison's work. In their 2020 report they concentrate on the pre-1820 period. Their revised figures show pre-industrial Europe to be richer, but its economic growth to be slower than previously thought.[1] This is consistent with Maddison's view that the income gap to Asia was already large before the Industrial Revolution.[1] The entirety of their GDP per capita estimates can be obtained from their online database.[2] The following data selection they present in their published paper:[1]

GDP (PPP) per capita in 2011 International Dollars[1]
Country / Region 1 1000 1280 1348 1400 1500 1600 1661 1700 1766 1800 1850 1870 1913 1929 1937 1960 1973 1995 2018
UK 1,151 1,058 1,229 1,717 1,697 1,691 1,610 2,412 2,879 3,343 4,332 5,829 8,212 8,772 9,911 13,780 19,168 27,861 38,058
Netherlands 1,405 1,917 2,332 4,270 3,173 3,377 4,359 4,184 3,779 4,422 6,454 9,068 8,660 12,333 20,851 30,680 47,474
Belgium 956 2,338 2,533 2,192 2,944 4,291 6,727 8,056 7,908 11,081 19,399 29,370 39,756
France 956 1,321 1,846 1,795 1,694 1,610 1,677 1,694 1,710 2,546 2,990 5,555 7,508 7,152 11,792 20,441 29,419 38,516
Germany 1,827 1,286 1,497 1,572 2,276 2,931 5,815 6,457 7,468 12,282 19,074 28,869 46,178
Austria 2,630 2,970 5,523 5,896 5,031 10,391 17,908 29,622 42,988
Finland 1,191 1,331 1,213 1,519 1,817 3,365 4,331 5,485 9,931 17,669 25,762 38,897
Russia 5,557 10,492 8,586 24,669
Ukraine 7,849 5,024 9,813
Former USSR 2,254 2,209 3,437 6,288 9,658 6,888 19,539
Former Yugoslavia 878 1,551 2,002 1,868 3,778 7,226 6,286 16,558
Czech Republic 10,026 14,550 30,749
Former Czechoslovakia 1,720 1,855 3,341 4,849 4,594 8,142 11,223 13,181 29,601
Slovenia 7,165 15,079 17,817 29,245
Hungary 1,741 3,344 3,947 4,053 5,816 10,135 25,623
Poland 956 944 1,038 912 985 974 902 985 1,575 2,772 3,374 3,052 5,125 8,512 9,408 27,455
Italy 1,407 2,673 3,087 2,703 2,404 2,673 2,604 2,634 2,404 2,611 2,826 4,057 4,889 4,879 9,430 16,950 28,666 34,364
Spain 886 1,501 1,608 1,376 1,394 1,465 1,376 1,501 1,706 1,809 3,067 4,173 2,654 5,037 11,638 21,522 31,497
Portugal 956 1,258 1,490 1,572 2,021 1,459 1,470 1,554 1,992 2,566 2,801 4,712 11,258 19,262 27,036
Greece 1,275 1,607 1,938 1,876 3,733 4,414 5,015 12,202 17,148 23,451
Turkey 897 768 743 768 1,165 1,473 1,554 2,066 3,041 5,050 9,963 19,270
Egypt 1,116 1,068 1,164 1,084 1,195 1,674 1,580 2,063 5,001 11,957
Iraq 1,116 1,307 956 1,275 4,360 5,982 1,997 12,836
Jordan 1,116 1,116 1,594 3,714 3,806 6,760 11,506
Iran 1,116 956 1,275 3,437 8,706 7,094 17,011
Indonesia 724 810 1,361 1,702 1,694 1,613 2,375 5,495 11,852
India 1,264 1,162 1,033 947 1,073 1,160 1,078 1,200 1,360 2,356 6,806
China 1,225 1,404 1,207 1,217 1,330 1,543 991 926 858 945 985 1,003 1,034 1,057 1,513 4,000 13,102
South Korea 820 1,171 1,496 2,006 1,548 3,822 19,089 37,928
Japan 1,010 841 1,061 1,073 1,317 1,436 1,580 2,431 3,665 4,075 3,062 18,226 31,887 38,674
United States 2,545 3,632 4,803 10,108 11,954 11,295 18,057 26,602 39,391 55,335
Canada 2,120 2,702 7,088 8,074 7,130 13,952 22,058 31,331 44,869
Mexico 799 1,181 1,476 1,404 1,305 1,054 1,046 2,004 2,424 2,482 4,723 7,597 9,945 16,494
Haiti 1,809 1,678 1,379 1,729
Cuba 579 888 2,120 2,507 2,042 2,994 3,486 2,861 8,326
Brazil 867 1,084 1,046 1,465 1,610 3,398 6,086 8,952 14,034
Venezuela 1,073 1,884 1,769 1,750 2,942 3,885 12,116 15,540 14,448 10,710
Chile 853 1,352 1,868 4,836 5,679 5,083 6,781 7,911 13,716 22,105
Argentina 1,484 1,994 2,340 6,052 6,961 6,575 6,575 12,691 13,086 18,556
South Africa 2,715 2,071 1,529 1,042 1,286 1,835 3,249 3,249 4,847 6,655 6,406 12,166
Australia 3,148 5,217 8,220 8,389 9,159 14,013 14,013 30,690 49,831

1–2008 (Maddison)

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The following estimates are taken exclusively from the 2007 monograph Contours of the World Economy, 1–2030 AD by the British economist Angus Maddison.[3]

GDP (PPP) per capita in 1990 International Dollars
Country / Region 1 1000 1500 1600 1700 1820 1870 1913 1950 1973 1989 2008
Austria 425 425 707 837 993 1,218 1,863 3,465 3,706 11,235 16,360 24,131
Belgium 450 425 875 976 1,144 1,319 2,692 4,220 5,462 12,170 16,744 23,655
Denmark 400 400 738 875 1,039 1,274 2,003 3,912 6,943 13,945 18,261 24,621
Finland 400 400 453 538 638 781 1,140 2,111 4,253 11,085 16,946 24,344
France 473 425 727 841 910 1,135 1,876 3,485 5,271 13,114 17,300 22,223
Germany 408 410 688 791 910 1,077 1,839 3,648 3,881 11,966 16,558 20,801
Italy 809 450 1,100 1,100 1,100 1,117 1,499 2,564 3,502 10,634 15,969 19,909
Netherlands 425 425 761 1,381 2,130 1,838 2,757 4,049 5,996 13,082 16,695 24,695
Norway 400 400 610 664 723 801 1,360 2,447 5,430 11,323 18,157 28,500
Sweden 400 400 695 824 977 1,198 1,662 3,096 6,739 13,493 17,710 24,409
Switzerland 425 410 632 750 890 1,090 2,102 4,266 9,064 18,204 20,935 25,104
United Kingdom 400 400 714 974 1,250 1,706 3,190 4,921 6,939 12,025 16,414 23,742
12 country average 599 425 798 907 1,032 1,243 2,087 3,688 5,018 12,157 16,751 22,246
Portugal 450 425 606 740 819 923 975 1,250 2,086 7,063 10,372 14,436
Spain 498 450 661 853 853 1,008 1,207 2,056 2,189 7,661 11,582 19,706
Other 539 400 472 525 584 711 1,027 1,840 2,538 7,614 10,822 19,701
West European average 576 427 771 889 997 1,202 1,960 3,457 4,578 11,417 15,800 21,672
Eastern Europe 412 400 496 548 606 683 937 1,695 2,111 4,988 5,905 8,569
Former USSR 400 400 499 552 610 688 943 1,488 2,841 6,059 7,112 7,904
United States 400 400 400 400 527 1,257 2,445 5,301 9,561 16,689 23,059 31,178
Other Western offshoots 400 400 400 400 408 761 2,244 4,752 7,425 13,399 16,724 23,073
Average Western offshoots 400 400 400 400 476 1,202 2,419 5,233 9,268 16,179 22,255 30,152
Mexico 400 400 425 454 568 759 674 1,732 2,365 4,853 5,899 7,979
Other Latin America 400 400 410 431 502 661 677 1,438 2,531 4,435 4,203 5,750
Latin American average 400 400 416 438 527 691 676 1,493 2,503 4,513 5,131 6,973
Japan 400 425 500 520 570 669 737 1,387 1,921 11,434 17,943 22,816
China 450 450 600 600 600 600 530 552 448 838 1,834 6,725
India[A] 450 450 550 550 550 533 533 673 619 853 1,270 2,975
Other East Asia 425 425 554 564 561 568 594 842 771 1,485 2,528 4,696
West Asia 522 621 590 591 591 607 742 1,042 1,776 4,854 4,590 6,947
Asian average (excl. Japan) 457 466 572 576 572 577 548 658 639 1,225 2,683 5,611
Africa 472 425 414 422 421 420 500 637 890 1,410 1,444 1,780
World 467 450 566 596 616 667 873 1,526 2,113 4,091 5,130 7,614
Country / Region 1 1000 1500 1600 1700 1820 1870 1913 1950 1973 1989 2008

A ^ From 1 AD to 1913 AD, India includes modern Pakistan and Bangladesh. From 1950 onwards, India refers only to the modern Republic of India.

Maddison's assumptions have been criticized and admired by academics and journalists.[4] Bryan Haig has characterized Maddison's figures for 19th century Australia as "inaccurate and irrelevant",[5] John Caldwell's assessed Maddison's arguments as having a "dangerous circularity",[6] and W. W. Rostow said "this excessive macroeconomic bias also causes him (Maddison) to mis-date, in my view, the beginning of what he calls the capitalist era at 1820 rather than, say, the mid-1780s."[7]

A number of economic historians have criticized Maddison's estimates for Asia. For example, W. J. MacPherson has described Maddison's work on India and Pakistan of using "dubious comparative data."[8] Paul Bairoch has criticized Maddison's work for underestimating the per-capita incomes of non-European regions, particularly in Asia, before the 19th century; according to Bairoch, per-capita income in Asia (especially China and India) was higher than in Europe prior to the 19th century.[9] Others such as Andre Gunder Frank, Robert A. Denemark, Kenneth Pomeranz and Amiya Kumar Bagchi have criticized Maddison for grossly underestimating per-capita income and GDP growth rates in Asia (again, mainly China and India) for the three centuries up to 1820, and for refusing to take into account contemporary research demonstrating significantly higher per-capita income and growth rates in Asia. According to Frank and Denemark, his per-capita income figures for Asia up to 1820 are not credible, go "against what we know from sources" and may need to be adjusted by a factor of two.[10] Maddison's estimates have also been critically reviewed and revised by the Italian economists Giovanni Federico[11] and Elio Lo Cascio/Paolo Malanima (see below).[12]

However, economist and journalist Evan Davis has praised Maddison's research by citing it as a "fantastic publication" and that it was "based on the detailed scholarship of the world expert on historical economic data Angus Maddison." He also added that "One shouldn't read the book in the belief the statistics are accurate to 12 decimal places."[13]

1750–1990 (Bairoch)

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In his 1995 book Economics and World History, economic historian Paul Bairoch gave the following estimates in terms of 1960 US dollars, for GNP per capita from 1750 to 1990, comparing what are today the Third World (part of Asia, Africa, Latin America) and the First World (Western Europe, Northern America, Japan, Singapore and South Korea).[14]

GNP (PPP) per capita in US dollars
Year 1960 dollars 1990 dollars
Third World[A] First World[B] Third World[A] First World[B]
1750 188 182 830 804
1800 188 198 830 874
1830 183 237 808 1,047
1860 174 324 768 1,431
1900 175 540 773 2,385
1913 192 662 848 2,924
1928 194 782 857 3,453
1938 202 856 892 3,780
1950 214 1,180 945 5,211
1970 340 2,540 1,502 11,217
1980 390 2,920 1,722 12,895
1990 430 3,490 1,899 15,413

According to Bairoch, in the mid-18th century, "the average standard of living in Europe was a little bit lower than that of the rest of the world."[15] He noted variations within both groups in 1750, citing the Asian civilizations of China and India as being the wealthiest among the Third World group, and Russia and Eastern/Southeastern Europe as being the poorest among the First World group.[16] He estimated that, in 1750, the average per-capita income of the East (Asia and Africa) was roughly equal to that of Western Europe, and that China's per-capita income was on-par with the leading European economies. He estimated that it was after 1800 that Western European per-capita income pulled ahead of the East.[17] China was still ahead in 1800; his GNP per capita estimates for 1800, in terms of 1960 dollars, are $228 for China ($1,007 in 1990 dollars) and $213 for Western Europe ($941 in 1990 dollars). But China fell behind not long after, falling to $204 ($901 in 1990 dollars) by 1860.[18]

China

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Economic historians: Angus Maddison; Stephen Broadberry; Hanhui Guan; David Daokui; Li Jutta Bolt; Robert Inklaar; Yi Xu; Zhihong Shi; Bas van Leeuwen; Yuping Ni; Zipeng Zhang; Ye Ma, have offered differing estimates of historic productivity in region, but show a similar trend of a decline between the beginning of the 17th and middle of the 20th centuries, before recovering:

Estimated GDP (PPP) per capita in 1990 International Dollars[19][20][21]
Authors 1 980 1000 1020 1060 1090 1120 1400 1450 1500 1570 1600 1650 1661 1685 1700 1724 1750 1766 1800 1812 1820 1840 1850 1870 1887 1911 1913 1933 1950
Broadberry (2016) 853 1,006 982 878 863 1032 990 858 885 865 1,103 727 614 599 600
Xu (2015) 852 820 751 622 565 538 572 568 579
Maddison (2009) 450 450 600 600 600 600 530 552 448
Maddison Project (2018) cgdppc[22][23] 546 399 363 431 374 436 442 467 512 515 440
Maddison Project (2018) rgdpnapc[22][23] 629 460 417 496 397 438 422 420 457 428 370

Europe

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Europe 1830–1938 (Bairoch)

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Evolution of the GDP per capita for selected European countries between 1830 and 1890 according to Bairoch

The following estimates were made by the economic historian Paul Bairoch.[24] Unlike other estimates on this page, the GNP (PPP) per capita is given here in 1960 US dollars. Unlike Maddison, Bairoch allows for the fluctuation of borders, basing his estimates mostly on the historical boundaries at the given points in time.[25]

GNP (PPP) per capita in 1960 US dollars
Country / Region 1830 1840 1850 1860 1870 1880 1890 1900 1910 1913 1925 1938
Austria - - - - - - - - - - 655 640
Austria-Hungary 250 266 283 288 305 315 361 414 469 498 - -
Baltic countries - - - - - - - - - - 443 501
Belgium 295 345 411 490 571 589 630 721 854 894 985 1015
Bulgaria - - - 210 220 210 250 260 270 263 304 420
Czechoslovakia - - - - - - - - - - 504 548
Denmark 208 225 256 294 340 396 502 633 739 862 845 1045
Finland 188 205 227 241 313 327 368 425 451 520 578 913
France 264 302 333 365 437 464 515 604 680 689 893 936
Germany 245 267 308 354 426 443 537 639 705 743 712 1126
Greece - 200 215 230 250 260 290 300 325 322 393 590
Hungary - - - - - - - - - - 365 451
Ireland - - - - - - - - - - 624 649
Italy 265 270 277 301 312 311 311 335 366 441 480 551
Netherlands 347 382 427 452 506 542 586 614 705 754 909 920
Norway 280 305 350 401 421 464 523 577 673 749 863 1298
Poland - - - - - - - - - - 245 372
Portugal 250 255 260 275 270 270 270 287 290 292 320 351
Romania - - 190 200 210 230 246 275 307 336 316 343
Russia/USSR 170 170 175 178 250 224 182 248 287 326 232 458
Serbia - - - 220 230 240 250 260 282 284 - -
Spain 263 288 313 346 329 323 321 351 370 367 426 337
Sweden 194 198 211 225 246 303 356 454 593 680 765 1097
Switzerland 276 315 391 480 549 676 705 785 895 964 1020 1204
United Kingdom 346 394 458 558 628 680 785 881 904 965 970 1181
Yugoslavia - - - - - - - - - - 302 339
Europe 240 260 283 310 359 366 388 455 499 534 515 671
Western Europe[25] 276 - - 384 - - - 583 - 678 710 839
Eastern Europe[25] 190 - - 214 - - - 314 - 389 315 509
Country / Region 1830 1840 1850 1860 1870 1880 1890 1900 1910 1913 1925 1938

Western Europe 1–1870 (Lo Cascio/Malanima)

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The following estimates are taken from a revision of Angus Maddison's numbers for Western Europe by the Italian economists Elio Lo Cascio and Paolo Malanima.[26] According to their calculations, the basic level of European GDP (PPP) per capita was historically higher, but its increase was less pronounced.

GDP (PPP) per capita in 1990 International Dollars
Authors 1 1000 1500 1600 1700 1820 1870
Lo Cascio/Malanima 1,000 900 1,350 1,250 1,400 1,350 1,960
Maddison 576 427 771 889 997 1,202 1,960

Indian subcontinent

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Main article: Economic history of India
Further information: Mughal Empire, Bengal Subah, Economy of the Kingdom of Mysore, and Historic GDP Estimates for South Asia

According to some evidence cited by the economic historians Immanuel Wallerstein, Irfan Habib, Percival Spear, and Ashok Desai, has theorised that per-capita agricultural output and standards of consumption in 17th-century Mughal India was on-par with 17th-century Europe and early 20th-century British India.[27]

According to economic historian Prasannan Parthasarathi and Jeffrey G. Williamson earnings data from primary sources show that mid-late 18th-century real wages and living standards in Bengal sultanate (under the Nawabs of Bengal) a South Indian Kingdom of Mysore and Maratha Empire were higher than in Britain, which in turn had the highest living standards in Europe.[28][29] The economic historian Sashi Sivramkrishna estimates Mysore's average income for skilled laborers in the late 18th century to be five times higher than subsistence leval[30] Parthasarathi also slates the real wage decline occurred in the early 19th century, or possibly beginning in the very late 18th century, under British rule.[28][29][31]

Economic historians Angus Maddison,[32] Stephen Broadberry, Johann Custodis, Bishnupriya Gupta,[33] Jutta Bolt, Robert Inklaar, Herman de Jong and Jan Luiten van Zanden[19] have offered differing estimates of historic productivity in region, but show a similar trend of a decline between the beginning of the 17th and middle of the 19th centuries, before recovering:

GDP (PPP) per capita in 1990 International Dollars[33][19][34][1]
Authors 1 1000 1500 1600 1650 1700 1750 1800 1820 1850 1870 1900 1930 1950
Broadberry & Gupta (2010) 782 736 719 661 639 580 586 526
Broadberry & Gupta (2015) 682 638 622 573 569 520 556 526
Maddison Project (2020) 735 691 676 621 601 545 551 494 555 673 574
Maddison Project (2018) 758 714 697 641 620 562 568 510 657 898 823
Maddison (2009) 450 450 550 550 550 533 533 533 599 726 619

Ottoman Egypt

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According to economic historian Jean Batou, Ottoman Egypt's average per-capita income in 1800 was comparable to that of leading Western European countries such as France, and higher than the overall average income of Europe and Japan.[35] Barou estimated that, in terms of 1960 US dollars, Egypt in 1800 had a per-capita income of $232 ($1,025 in 1990 dollars). In comparison, per-capita income in terms of 1960 dollars for France in 1800 was $240 ($1,060 in 1990 dollars), for Eastern Europe in 1800 was $177 ($782 in 1990 dollars), and for Japan in 1800 was $180 ($795 in 1990 dollars).[36][37]

Roman and Byzantine Empires

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See also: Roman economy and Eastern Roman economy

Much of the recent work in estimating past GDP per capita has been done in the study of the Roman economy, following the pioneering studies by Keith Hopkins (1980) and Raymond Goldsmith (1984).[38] The estimates by Peter Temin, Angus Maddison, Branko Milanovic and Peter Fibiger Bang follow the basic method established by Goldsmith, varying mainly only in their set of initial numbers; these are then stepped up to estimations of the expenditure checked by those on the income side. Walter Scheidel/Steven Friesen determine GDP per capita on the relationship between certain significant economic indicators which were historically found to be plausible; two independent control assumptions provide the upper and lower limit of the probable size of the Roman GDP per capita.[39]

Estimates of Roman GDP (PPP) per capita
Unit Goldsmith
1984[40] 		Hopkins
1995/96[41] 		Temin
2006[42] 		Maddison
2007[43] 		Milanovic
2007[44] 		Bang
2008[45] 		Scheidel/Friesen
2009[46] 		Lo Cascio/Malanima
2009[47]
Approx. year 14 AD 14 AD 100 AD 14 AD 14 AD 14 AD 150 AD 150 AD
GDP (PPP) per capita in Sesterces HS 380 HS 225 HS 166 HS 380 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 International Dollars – – – $570 $633 – $620 $940

Italia is considered the richest region, due to tax transfers from the provinces and the concentration of elite income in the heartland; its GDP per capita is estimated at having been around 40%[47] to 66%[48] higher than in the rest of the empire.

The GDP per capita of the Byzantine Empire, the continuation of the Roman Empire in the east, has been estimated by the World Bank economist Branko Milanovic to range between $680 and 770 (in 1990 International Dollars) at its peak around 1000 AD, the reign of Basil II.[49] This is 1.7 times the subsistence level as compared to the slightly higher value of 2.1 for the Roman Empire under Augustus (30 BC–14 AD).[50]

See also

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Notes

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  1. ^ a b c d e Bolt, Jutta; Luiten van Zanden, Jan (2020). "Maddison Project Database 2020". University of Groningen. 1990 to 2011 International $ 1:1.72. Retrieved 8 August 2021.
  2. ^ Maddison Project Database, accessed 4 April 2015
  3. ^ Maddison 2007, p. 382, table A.7.
  4. ^ Zanden, Jan Luiten van; Ma, Debin (2017). "What Makes Maddison Right". World Economics. 18 (3): 203–214.
  5. ^ Haig, Bryan. 2005. "Review of The World Economy: Historical Statistics by Angus Maddison," Economic Reports, volume 81.
  6. ^ Caldwell, John C. (Sept. 2002), "Reviewed Work(s): The World Economy: A Millennial Perspective by Angus Maddison", Population and Development Review, Vol. 28, No. 3., pp. 559-561.
  7. ^ Rostow, W. W. "Reviewed Work(s): Phases of Capitalist Development. by Angus Maddison," The Journal of Economic History, Vol. 45, No. 4. (Dec., 1985), pp. 1026-1028.
  8. ^ MacPherson, W. J. "Reviewed Work(s): Class Structure and Economic Growth. India and Pakistan since the Moghuls by Angus Maddison." The Economic Journal, Vol. 82, No. 328. (Dec., 1972), pp. 1470-1472.
  9. ^ Paul Bairoch (1995). Economics and World History: Myths and Paradoxes. University of Chicago Press. pp. 105–106.
  10. ^ Andre Gunder Frank, Robert A. Denemark (2015). Reorienting the 19th Century: Global Economy in the Continuing Asian Age. Routledge. pp. 83–85. ISBN 9781317252931.
  11. ^ Federico 2002, pp. 111–120
  12. ^ Lo Cascio, Malanima Dec. 2009, pp. 391–420
  13. ^ "China's magnificent historic past". BBC News. 2005-03-10. Retrieved 2010-05-08.
  14. ^ Paul Bairoch (1995). Economics and World History: Myths and Paradoxes. University of Chicago Press. p. 95.
  15. ^ Chris Jochnick, Fraser A. Preston (2006), Sovereign Debt at the Crossroads: Challenges and Proposals for Resolving the Third World Debt Crisis, pages 86-87, Oxford University Press
  16. ^ Paul Bairoch (1995). Economics and World History: Myths and Paradoxes. University of Chicago Press. p. 104.
  17. ^ John M. Hobson (2004). The Eastern Origins of Western Civilisation. Cambridge University Press. pp. 75–76. ISBN 9780521547246.
  18. ^ Fernand Braudel (1982). Civilization and Capitalism, 15th-18th Century. Vol. 3. University of California Press. p. 534. ISBN 9780520081161.
  19. ^ a b c Bolt, Jutta; Inklaar, Robert (2018). "Maddison Project Database 2018". University of Groningen. Retrieved 8 September 2018.
  20. ^ Xu, Yi; Shi, Zhihong; van Leeuwen, Bas; Ni, Yuping; Zhang, Zipeng; Ma, Ye (2015). "Chinese National Income, ca. 1661–1933". {{cite journal}}: Cite journal requires |journal= (help)
  21. ^ "China, Europe and the Great Divergence: A Study in Historical National Accounting, 980-1850 | Oxford Economic and Social History Working Papers | Working Papers". www.economics.ox.ac.uk. Retrieved 2020-07-26.
  22. ^ a b Exchange rate of 1 ($ 1990) : 1.721 ($ 2011)
  23. ^ a b Harding, Enopoletus (2018-07-19). "Understanding and reconciling the two real GDP series in Maddison Project 2018". Medium. Retrieved 2021-04-26. The Maddison Project has thus made the unusual decision to produce two GDP series. One series (rgdpnapc) is purely within-country, with the international price comparisons being done only once (2011). The other (cgdppc) coerces the GDP data to fit every international price comparison the Maddison Project has on record, no matter how ridiculous
  24. ^ Bairoch 1976, pp. 286, table 6; 297, table 12; 301, table 14
  25. ^ a b c The border between "Western Europe" and "Eastern Europe" as defined by Bairoch corresponds to the iron curtain, with "Eastern Europe" being identical to the Eastern Bloc (Bulgaria, Czechoslovakia, the German Democratic Republic, Hungary, Romania, Poland, and the USSR plus Albania). All the rest of Europe makes up "Western Europe" (Bairoch 1976, pp. 317, 319).
  26. ^ Lo Cascio, Malanima Dec. 2009, p. 411, table 6
  27. ^ Vivek Suneja (2000). Understanding Business: A Multidimensional Approach to the Market Economy. Psychology Press. p. 13. ISBN 9780415238571.
  28. ^ a b Parthasarathi, Prasannan (2011), Why Europe Grew Rich and Asia Did Not: Global Economic Divergence, 1600–1850, Cambridge University Press, pp. 38–45, ISBN 978-1-139-49889-0
  29. ^ a b Jeffrey G. Williamson, David Clingingsmith (August 2005). "India's Deindustrialization in the 18th and 19th Centuries" (PDF). Harvard University. Retrieved 2017-05-18.
  30. ^ Parthasarathi, Prasannan (2011), Why Europe Grew Rich and Asia Did Not: Global Economic Divergence, 1600–1850, Cambridge University Press, p. 45, ISBN 978-1-139-49889-0
  31. ^ Parthasarathi, Prasannan (2011), Why Europe Grew Rich and Asia Did Not: Global Economic Divergence, 1600–1850, Cambridge University Press, p. 45, ISBN 978-1-139-49889-0
  32. ^ Maddison, Angus (6 December 2007). Contours of the world economy, 1–2030 AD: essays in macro-economic history. Oxford University Press. p. 379. ISBN 978-0-19-922720-4.
  33. ^ a b Broadberry, Stephen; Gupta, Bishnupriya (2015). "India and the great divergence: an Anglo-Indian comparison of GDP per capita, 1600–1871". Explorations in Economic History. 55: 58–75. doi:10.1016/j.eeh.2014.04.003. S2CID 130940341. Retrieved 8 September 2018.
  34. ^ Broadberry, Stephen; Gupta, Bishnupriya (2010). "Indian GDP before 1870: Some preliminary estimates and a comparison with Britain" (PDF). Warwick University. Retrieved 12 October 2015.
  35. ^ Jean Batou (1991). Between Development and Underdevelopment: The Precocious Attempts at Industrialization of the Periphery, 1800-1870. Librairie Droz. pp. 181–196. ISBN 9782600042932.
  36. ^ Jean Batou (1991). Between Development and Underdevelopment: The Precocious Attempts at Industrialization of the Periphery, 1800-1870. Librairie Droz. p. 189. ISBN 9782600042932.
  37. ^ M. Shahid Alam (2016). Poverty From The Wealth of Nations: Integration and Polarization in the Global Economy since 1760. Springer Science+Business Media. p. 33. ISBN 9780333985649.
  38. ^ Scheidel, Walter; Morris, Ian; Saller, Richard, eds. (2007): The Cambridge Economic History of the Greco-Roman World, Cambridge University Press, ISBN 978-0-521-78053-7
  39. ^ Scheidel, Friesen Nov. 2009, pp. 63–72
  40. ^ Goldsmith 1984, pp. 263–288
  41. ^ Hopkins 1995/96, pp. 41–75. His estimates are upward revisions from Hopkins 1980, pp. 101–125, where he lays out his basic method.
  42. ^ Temin 2006, pp. 31–54
  43. ^ Maddison 2007, pp. 43–47; 50, table 1.10; 54, table 1.12
  44. ^ Milanovic, Lindert, Williamson Oct. 2007, pp. 58–66
  45. ^ Bang 2008, pp. 86–91
  46. ^ Scheidel, Friesen Nov. 2009, pp. 61–91
  47. ^ a b Lo Cascio, Malanima Dec. 2009, pp. 391–401
  48. ^ Maddison 2007, pp. 47–51
  49. ^ Milanovic 2006, p. 468
  50. ^ Milanovic 2006, p. 459. This latter value also forms the basis for the only superficially lower $633 given by Milanovic et al. 2007 in the table above. The difference in the Roman and Byzantine GDP (PPP) per capita is due to the authors operating with differing conversion rates for the subsistence level: $300 in the Roman case (2.1 x $300 = ~$633), $400 in the Byzantine one (1.7 x $400 = $680). This means that Roman GDP (PPP) per capita was around 20% higher than the Byzantine one.

Bibliography

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GDP per capita of the Roman Empire
GDP per capita of the Byzantine Empire
  • Milanovic, Branko (2006): "An Estimate of Average Income and Inequality in Byzantium around Year 1000", Review of Income and Wealth, Vol. 52, No. 3, pp. 449–470
European GDP per capita
  • Bairoch, Paul (1976): "Europe's Gross National Product: 1800–1975", Journal of European Economic History, Vol. 5, pp. 273–340
Angus Maddison — reviews and revisions
  • Maddison, Angus (2006): The World Economy. A Millennial Perspective (Vol. 1). Historical Statistics (Vol. 2), OECD, ISBN 92-64-02261-9
  • Maddison, Angus (2007): "Contours of the World Economy, 1–2030 AD. Essays in Macro-Economic History", Oxford University Press, ISBN 978-0-19-922721-1, p. 382, table A.7.
  • Federico, Giovanni (2002): "The World Economy 0–2000 AD: A Review Article", European Review of Economic History, Vol. 6, No. 1, pp. 111–120 — review
  • Lo Cascio, Elio; Malanima, Paolo (Dec. 2009): "GDP in Pre-Modern Agrarian Economies (1–1820 AD). A Revision of the Estimates", Rivista di storia economica, Vol. 25, No. 3, pp. 391–420 — critique of Maddison's estimates
  • Bolt, Jutta; Van Zanden, Jan Luiten (2014): "The Maddison Project: Collaborative Research on Historical National Accounts", The Economic History Review, Vol. 67, No. 3, pp. 627–651
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