List of continents by GDP

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World map showing nominal GDP of countries for the year 2017 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.

Continents by GDP (nominal)

The following lists summarise the GDP (nominal) of each continent by adding GDP (nominal) of each nation within the seven continent model, sorted by USD. The first list includes 2019 data estimatesn1 for members of the International Monetary Fund. The second list shows the World Bank's estimates, and the third list includes mostly 1432 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 (2022 estimate)[3]
Rank Continent GDP
(US$billion)
Share (%) Countries collectively
constituting at least 50% of the
continent's GDP (nominal)
World 103,867 100.0
1 Asia 41,635 40.1  China (47.8%)
 Japan (11.8%)
2 North America 29,529 28.4  United States (85.8%)
3 Europe 24,021 23.1  Germany (17.7%)
 United Kingdom (14.1%)
 France (12.2%)
 Italy (8.6%)
4 South America 3,619 3.5  Brazil (50.7%)
5 Africa 2,965 2.9  Nigeria (17.2%)
 Egypt (14.7%)
 South Africa (14.4%)
 Algeria (6.5%)
6 Oceania 2,045 2.0  Australia (85.5%)
Unaccounted 55 0.1
  • Antarctica has no permanent population. However, if conventional GDP methodology is applied, which includes salaries of residents and equipment & construction procurement (the biggest "industries" in Antarctica), the GDP of the continent would exceed $1 billion.[citation needed]

Continents by GDP (PPP)

List by the International Monetary Fund (2022 estimate)[4]
Rank Continent GDP
(billions of current Int$)
Share (%) Countries collectively
constituting at least 50% of the
continent's GDP (PPP)
World 160,244 100.0
1 Asia 77,232 48.2  China (39.1%)
 India (15.2%)
2 Europe 33,617 21.0  Germany (15.7%)
 Russia (13.0%)
 United Kingdom (11.2%)
 France (10.9%)
3 North America 31,713 19.8  United States (79.9%)
4 Africa 8,045 5.0  Egypt (19.4%)
 Nigeria (15.8%)
 South Africa (11.7%)
 Algeria (7.3%)
5 South America 7,608 4.7  Brazil (48.4%)
 Argentina (15.7%)
6 Oceania 1,922 1.2  Australia (83.5%)
Unaccounted 107 0.1

Continents by GDP per capita (nominal)

List by the International Monetary Fund (2022 estimate)[5]
Rank Continent US$ Year
World average 13,447 2022
1 Australia and New Zealand 64,539 2022
2 North America 57,408 2022
3 Europe 34,231 2022
4 Asia and Pacific 8,895 2022
5 South America 8,342 2022
6 Africa 2,182 2022
7 Antarctica 0 (N/A) N/A

Notes

1. ^ Estimated by the IMF staff.
2. ^ Figures exclude Taiwan and the 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, the 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.

References

  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. ^ "GDP (Nominal), current prices". International Monetary Fund. International Monetary Fund. Retrieved 21 April 2022.
  4. ^ "GDP (PPP), current prices". International Monetary Fund. International Monetary Fund. Retrieved 20 April 2022.
  5. ^ International Monetary Fund (2022). "Nominal GDP per capita". IMF Data Mapper. International Monetary Fund. Retrieved 20 April 2022.