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:
“Hunger is never delicate; they who are seldom gorged to the full with praise may be safely fed with gross compliments, for the appetite must be satisfied before it is disgusted.”
—Samuel Johnson (1709–1784)
“Our speech has its weaknesses and its defects, like all the rest. Most of the occasions for the troubles of the world are grammatical.”
—Michel de Montaigne (1533–1592)
“The history is always the same the product is always different and the history interests more than the product. More, that is, more. Yes. But if the product was not different the history which is the same would not be more interesting.”
—Gertrude Stein (1874–1946)