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OECD now accounts for slightly less than 50% of world GDP, large emerging economies for about 30%

 

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30/04/2014 - OECD countries accounted for around 50% of the world’s Gross Domestic Product (GDP) expressed in Purchasing Power Parities (PPPs) in 2011 - the latest benchmark year - compared with about 60% in 2005, the previous benchmark year, according to new data released today by the International Comparison Program (ICP)1.

Large emerging economies (China, Brazil, India, Indonesia, the Russian Federation and South Africa) together accounted for around 30% of the world’s GDP in 2011, compared with about 20% in 2005. In 2011, the three largest economies in the world were the United States (17.1%), China 2 (14.9%)and India (6.4%).


  

Shares in world GDP in PPPs, 2011 (%)

* OECD EU comprises Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden and the United Kingdom.

 


1. See Key results of the 2011 round of ICP and related material at the ICP Global Office site: http://icp.worldbank.org.

2. The National Bureau of Statistics (NBS) of China expressed reservations over some aspects of the methodology employed and does not endorse these results as official statistics.

 

 

 Additional information about OECD work on purchasing power parities can be found at http://www.oecd.org/std/prices-ppp/ppps-2011-benchmark-year.htm

 

  

 

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Contacts
For further information, journalists are invited to contact Merrell Tuck-Primdahl at the World Bank (tél. : + 1-202-473-9516; mtuckprimdahl@worldbank.org) or the OECD's Media Relations Division on (33) 1 45 24 97 00 or news.contact@oecd.org;  others should contact the Statistics Directorate on stat.contact@oecd.org.

 

 

 

 

 

 

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