List Of Continents By Gdp

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.

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 2023 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. 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.

For more information, please see List of sovereign states and dependent territories by continent.

List by the International Monetary Fund (2023 estimate)
Rank Continent GDP (US$billion) Share (%) Countries collectively constituting at least 50.0% of the continent's GDP (nominal) World 104,476 100.0 1 Asia 38,435 36.8   China (46.1%)   Japan (11.0%)   India (10.0%) 2 North America 31,603 30.2   United States (85.3%) 3 Europe 25,440 24.4   Germany (17.4%)   United Kingdom (13.1%)   France (12.0%)   Italy (8.6%) 4 South America 4,100 3.9   Brazil (51.9%) 5 Africa 2,858 2.7   Egypt (13.9%)   Nigeria (13.6%)   South Africa (13.3%)   Algeria (7.8%)   Kenya (5.5%) 6 Oceania 1,979 1.9   Australia (85.3%) Unaccounted 62 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]}