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Economy of the World
During 2003 unless otherwise stated
Population (February 13, 2008):6,650,424,615 ([1])
GDP (PPP):US$65 trillion (2006 est. The world population is the total number of living Humans on Earth at a given time There are three lists of Countries of the world sorted by their Gross domestic product (GDP (the value of all final goods and services produced within a nation The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been ) ([2])
GDP (Currency):$46. PLEASE NO RANDOM FIGURES THERE ARE NO FIGURES BASED ON NATIONAL STATISTICS IN THIS ARTICLE 66 trillion (2006 est. )
GDP/capita (PPP):$10
GDP/capita (Currency):$7,178
Annual growth of
per capita GDP (PPP):		5. This article includes three lists of Countries of the world sorted by their Gross domestic product (GDP at Purchasing power parity (PPP Per capita This article includes three lists of Countries of the world sorted by their Gross domestic product Per capita at Nominal values, the 1% (tty*), 2. 1% (1950-2003)
People Paid Below $2 per day:3. 25 billion (~50%)
Millionaires (US$):~9 million i. e. ~0. 15% (2006)
Billionaires (US$):1125 (2008)
Unemployment:30% combined unemployment and underemployment in many non-industrialized countries. A billionaire is a person who has a Net worth of at least one billion units of currency such as United States dollars ( USD /US$ U Unemployment occurs when a person is available to work and currently seeking work but the person is without work. Developed countries typically 4-12% unemployment.
*Trailing-ten-years. Most numbers are from the UNDP from 2002, some numbers exclude certain countries for lack of information.
See also: Economy of the world - Economy of Africa - Economy of Asia - Economy of Europe - Economy of North America - Economy of Oceania - Economy of South America
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The world economy can be evaluated in various ways, depending on the model used, and this valuation can then be represented in various ways (for example, in 2006 US dollars). The economy of Africa consists of the Trade, Industry, and resources of the peoples of Africa. Economic development Ancient and medieval times Asia was relatively rich in the ancient times Economic development Pre-1945 Industrial growth Prior to World War II, Europe's major financial and industrial states were the United Kingdom, The economy of North America comprises more than 514 million people in 23 sovereign states and 15 dependent territories Economic Development Future As the worlds regions become increasingly interlinked to form trade blocs the future which entails Oceania could lead to either increased unity Economic development As of early 2007 South America is experiencing great economic development with Venezuela, Colombia, Argentina, Uruguay The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been It is inseparable from the geography and ecology of Earth, and is therefore somewhat of a misnomer, since, while definitions and representations of the "world economy" vary widely, they must at a minimum exclude any consideration of resources or value based outside of the Earth. EARTH was a short-lived Japanese vocal trio which released 6 singles and 1 album between 2000 and 2001 For example, while attempts could be made to calculate the value of currently unexploited mining opportunities in unclaimed territory in Antarctica, the same opportunities on Mars would not be considered a part of the world economy – even if currently exploited in some way – and could be considered of latent value only in the same way as uncreated intellectual property, such as a previously unconceived invention. Intellectual property ( IP) is a legal field that refers to creations of the mind such as musical literary and artistic works inventions and symbols names

Beyond the minimum standard of concerning value in production, use, and exchange on the planet Earth, definitions, representations, models, and valuations of the world economy vary widely.

It is common to limit questions of the world economy exclusively to human economic activity, and the world economy is typically judged in monetary terms, even in cases in which there is no efficient market to help valuate certain goods or services, or in cases in which a lack of independent research or government cooperation makes establishing figures difficult. Economics is the social science that studies the production distribution, and consumption of goods and services. Typical examples are illegal drugs and other black market goods, which by any standard are a part of the world economy, but for which there is by definition no legal market of any kind. The illegal drug trade or drug trafficking is a global Black market consisting of the cultivation manufacture distribution and sale of illegal Drugs

However, even in cases in which there is a clear and efficient market to establish a monetary value, economists do not typically use the current or official exchange rate to translate the monetary units of this market into a single unit for the world economy, since exchange rates typically do not closely reflect world-wide value, for example in cases where the volume or price of transactions is closely regulated by the government. Rather, market valuations in a local currency are typically translated to a single monetary unit using the idea of purchasing power. The purchasing power parity ( PPP) theory uses the long-term equilibrium Exchange rate of two currencies to equalize their Purchasing power. This is the method used below, which is used for estimating worldwide economic activity in terms of real US dollars. The purchasing power parity ( PPP) theory uses the long-term equilibrium Exchange rate of two currencies to equalize their Purchasing power. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been However, the world economy can be evaluated and expressed in many more ways. It is unclear, for example, how many of the world's 6.6 billion people have most of their economic activity reflected in these valuations. The world population is the total number of living Humans on Earth at a given time

Contents

Economy – overview

2005–2006

Global output (gross world product) (GWP) rose by 4. Gross world product (GWP is the total Gross national product of all the countries in the world 4% in 2005, led by China (9. 3%), India (7. 6%), and Russia (5. 9%). The other 14 successor nations of the USSR and the other old Warsaw Pact nations again experienced widely divergent growth rates; the three Baltic nations continued as strong performers, in the 7% range of growth. The Warsaw Pact (see Nomenclature) was an organization of Communist states in Central and Eastern Europe.

Growth results posted by the major industrial countries varied from no gain for Italy to a strong gain by the United States (3. 5%). In Western Europe, governments have studied means to channel resources away from popularly supported welfare programs from the poor, sick, and increasingly older population in order to increase investment and strengthen incentives for the private sector to provide employment.

The developing nations also varied in their growth results, with many countries facing population increases that erode gains in output.

Externally, the nation-state, as a bedrock economic-political institution, is steadily losing control over international flows of people, goods, funds, and technology. Central governments are losing decision making powers and enhancing their international collective power thanks to strong economic bodies of which they democratically chose to become part, notably the EU. The introduction of the euro as the common currency of much of Western Europe in January 1999, while paving the way for an integrated economic powerhouse, poses economic risks because of varying levels of income and cultural and political differences among the participating nations.

Internally, the central government often finds its control over resources slipping as separatist regional movements - typically based on ethnicity - gain momentum, e. g. , in many of the successor states of the former Soviet Union, in the former Yugoslavia, in India, in Iraq, in Indonesia, and in Canada.

The addition of 80 million people each year to an already overcrowded globe is exacerbating the problems of pollution, desertification, underemployment, epidemics, and famine. Because of their own internal problems and priorities, the industrialized countries devote insufficient resources to deal effectively with the poorer areas of the world, which, at least from an economic point of view, are becoming further marginalized.

The terrorist attacks on the US on 11 September 2001 accentuated a further growing risk to global prosperity, illustrated, for example, by the reallocation of resources away from investment to anti-terrorist programs.

Statistical indicators

Economy

GDP (GWP) (gross world product): (purchasing power parity exchange rates) - $59. Gross world product (GWP is the total Gross national product of all the countries in the world 38 trillion (2005 est. ), $51. 48 trillion (2004), $49 trillion (2002)

GDP (GWP) (gross world product) (IMF 179 countries [3]): (market exchange rates) - $43. Gross world product (GWP is the total Gross national product of all the countries in the world 92 trillion (2005 est. ), $40. 12 trillion (2004), $32. 37 trillion (2002)

GDP - real growth rate: 4. 3% (2005 est. ), 3. 8% (2003), 2. 7% (2001)

GDP - per capita: purchasing power parity - $9,300 (2005 est. ), $8,200 (92) (2003), $7,900 (2002)

GDP - composition by sector: agriculture: 4% industry: 32% services: 64% (2004 est. )

Inflation rate (consumer prices): developed countries 1% to 4% typically; developing countries 5% to 60% typically; national inflation rates vary widely in individual cases, from declining prices in Japan to hyperinflation in several Third World countries (2003)

Derivatives outstanding notional amount: $273 trillion (end of June 2004), $84 trillion (end-June 1998) ([4])

Global debt issuance: $5. In economics inflation or price inflation is a rise in the general level of prices of goods and services over a period of time The term developed country, or advanced country, is used to categorize countries with developed Economies in which the tertiary and quaternary sectors Developing countries are countries that haven't reached Western-style standards of democratic government free market economy industrialization social programs and human rights guaranties The economy of Japan is the second largest economy in the world after the United States, at around US$4 Third World is a name given to nations that are generally considered to be underdeveloped economically Derivatives are Financial instruments whose values depend on the value of other underlying financial instruments Debt is that which is owed usually referencing Assets owed but the term can cover other obligations 187 trillion (2004), $4. 938 trillion (2003), $3. 938 trillion (2002) (Thomson Financial League Tables)

Global equity issuance: $505 billion (2004), $388 billion (2003), $319 billion (2002) (Thomson Financial League Tables)

Employment

Unemployment rate: 30% combined unemployment and underemployment in many non-industrialized countries; developed countries typically 4%-12% unemployment

Industries

Industries: dominated by the onrush of technology, especially in computers, robotics, telecommunications, and medicines and medical equipment; most of these advances take place in OECD nations; only a small portion of non-OECD countries have succeeded in rapidly adjusting to these technological forces; the accelerated deployment of new industrial technology is complicating already grim environmental problems. Thomson Financial 's standard league tables are rankings of Investment Banks in terms of the dollar volume of deals they work on Software for Fixed assets management and Stock control developed in 2004. Thomson Financial 's standard league tables are rankings of Investment Banks in terms of the dollar volume of deals they work on Unemployment occurs when a person is available to work and currently seeking work but the person is without work. Unemployment occurs when a person is available to work and currently seeking work but the person is without work. In Economics, the term underemployment has three different distinct meanings and applications A computer is a Machine that manipulates data according to a list of instructions. See also Robot Robotics is the science and technology of Robots and their design manufacture and application Medicine is the art and science of healing It encompasses a range of Health care practices evolved to maintain and restore Human Health by the

Industrial production growth rate: 3% (2002 est. )

Energy

Yearly electricity - production: 15,850,000 GWh (2003 est. ), 14,850,000 GWh (2001 est. )

Yearly electricity - consumption: 14,280,000 GWh (2003 est. ), 13,930,000 GWh (2001 est. )

Oil - production: 79. Petroleum ( L petroleum, from Greek πετρέλαιον, lit 65 million bbl/day (2003 est. ), 75. 46 million barrel/day (12,000,000 m³/d) (2001)

Oil - consumption: 80. 1 million bbl/day (2003 est. ), 76. 21 million barrel/day (12,120,000 m³/d) (2001)

Oil - proved reserves: 1. 025 trillion barrel (163 km³) (2001 est. )

Natural gas - production: 2,569 km³ (2001 est. Natural gas is a Gaseous Fossil fuel consisting primarily of Methane but including significant quantities of Ethane, Propane, )

Natural gas - consumption: 2,556 km³ (2001 est. )

Natural gas - proved reserves: 161,200 km³ (1 January 2002)

Cross-border

Yearly exports: $6. New Year See also New Year The Ancient Romans began their consular year on January 1st since 153 BC See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar. 6 trillion (f. o. b. , 2002 est. )

Exports - commodities: the whole range of industrial and agricultural goods and services

Exports - partners: US 17. 4%, Germany 7. 6%, UK 5. 4%, France 5. 1%, Japan 4. 8%, China 4% (2002)

Yearly imports: $6. 6 trillion (f. o. b. , 2002 est. )

Imports - commodities: the whole range of industrial and agricultural goods and services

Imports - partners: US 11. 2%, Germany 9. 2%, China 7%, Japan 6. 8%, France 4. 7%, UK 4% (2002)

Debt - external: $2 trillion for less developed countries (2002 est. )

Gift economy

Yearly economic aid - recipient: Official Development Assistance (ODA) $50 billion. Official Development Assistance (ODA is a category of Development aid. . .

Communications

Telephones - main lines in use: 843,923,500 (2003)
1,263,367,600 (2005)

Telephones - mobile cellular: 2,168,433,600 (2005)

Internet Service Providers (ISPs): 10,350 (2000 est. An Internet service provider ( ISP, also called Internet access provider or IAP) is a company which primarily offers their customers access to the Internet )

Internet users: 1,311,050,595 (January 18, 2008 [5] est. The Internet is a global system of interconnected Computer networks ), 1,091,730,861 (December 30, 2006 [6] est. ), 604,111,719 (2002 est. )

Transport

Main article: Transport

Military

Military expenditures - dollar figure: aggregate real expenditure on arms worldwide in 1999 remained at approximately the 1998 level, about $750 billion, about 1/2 of which was the United States(1999)

Military expenditures - percent of GDP: roughly 2% of gross world product (1999). Broad gauge Railways use a Rail gauge (distance between the rails greater than the Standard gauge of. The standard gauge (also named the Stephenson gauge after George Stephenson, or Normal gauge) is a widely-used Rail gauge. A narrow gauge railway (or narrow gauge railroad) is a Railway that has a Track gauge narrower than the of Standard gauge railways This is a list of the world's Seaports, arranged by their respective seas and oceans Atlantic Ocean See also List of ports and

See also

External links

Globalization (or globalisation) in its literal sense is the process of transformation of local or regional phenomena into global ones The rising Technology has allowed our environment to be characterized as a global one The economy of Africa consists of the Trade, Industry, and resources of the peoples of Africa. Economic development Ancient and medieval times Asia was relatively rich in the ancient times Economic development Pre-1945 Industrial growth Prior to World War II, Europe's major financial and industrial states were the United Kingdom, The economy of North America comprises more than 514 million people in 23 sovereign states and 15 dependent territories Economic Development Future As the worlds regions become increasingly interlinked to form trade blocs the future which entails Oceania could lead to either increased unity Economic development As of early 2007 South America is experiencing great economic development with Venezuela, Colombia, Argentina, Uruguay This list of the 100 wealthiest people is a list of the world's 100 wealthiest people as of February 11 2008, based on each person's total net worth This is a list of countries by GDP sector composition based on nominal GDP estimates and sector composition ratios provided by the CIA World Fact Book at market or government This article summarizes the world Steel production by country. PLEASE NO RANDOM FIGURES THERE ARE NO FIGURES BASED ON NATIONAL STATISTICS IN THIS ARTICLE A currency is a unit of exchange, facilitating the transfer of Goods and/or services It is one form of Money, where money is There are three lists of Countries of the world sorted by their Gross domestic product (GDP (the value of all final goods and services produced within a nation The purchasing power parity ( PPP) theory uses the long-term equilibrium Exchange rate of two currencies to equalize their Purchasing power. This is a list of the countries of the world in order of Gross domestic product (GDP, based on exchange rates not on Purchasing power parity. These are lists of regions and countries sorted by their estimated real Gross domestic product (GDP in terms of Purchasing power parity (PPP the value "The world " is a proper noun for the planet Earth envisioned from an Anthropocentric or Human Worldview, as a place Ecological economics is a Transdisciplinary field of academic research within Economics that aims to address the interdependence between human economies and natural
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