[edit] 2005–2006
Current account balance 2006[1]
Global output (gross world product) (GWP) rose by 4.4% 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.
Growth results posted by the major industrial countries varied from no gain for Italy to a strong gain by the United States (3.5%).
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.
[edit] 2008
In 2008 after vigorous growth which produced a dramatic increase in the price of commodities such as oil and basic foodstuffs, the international economy began to slow in many countries providing relief from high commodities prices and increasing inflation. It was the opinion of some observers that the world economy had become somewhat overheated and was retracting to a more sustainable pace.[2]
[edit] Statistical indicators
[edit] Economy
GDP (GWP) (gross world product): (purchasing power parity exchange rates) - $59.38 trillion (2005 est.), $51.48 trillion (2004), $49 trillion (2002)
GDP (GWP) (gross world product) (IMF 179 countries [3]): (market exchange rates) - $43.92 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: $5.187 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)
[edit] Employment
Unemployment rate: 30% combined unemployment and underemployment in many non-industrialized countries; developed countries typically 4%-12% unemployment[citation needed]
[edit] Industries
Industrial production growth rate: 3% (2002 est.)
[edit] 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: 79.65 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 - consumption: 2,556 km³ (2001 est.)
Natural gas - proved reserves: 161,200 km³ (1 January 2002)
[edit] Cross-border
Yearly exports: $6.6 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.)
[edit] Gift economy
Yearly economic aid - recipient: Official Development Assistance (ODA) $50 billion...
[edit] Communications
Telephones - main lines in use: 843,923,500 (2007)4,263,367,600 (2008)
Telephones - mobile cellular: 3,300,000,000 (Nov. 2007)[3]
Internet Service Providers (ISPs): 10,350 (2000 est.)
Internet users: 1,311,050,595 (January 18, 2008 [5] est.), 1,091,730,861 (December 30, 2006 [6] est.), 604,111,719 (2002 est.)
[edit] Transport
Main article: Transport
Airports
Total: 49,973 (2004)
Roadway
Total: 32,345,165 km
Paved: 19,403,061 km
Unpaved: 12,942,104 km (2002)
Railways
Total: 1,122,650 km includes about 190,000 to 195,000 km of electrified routes of which 147,760 km are in Europe, 24,509 km in the Far East, 11,050 km in Africa, 4,223 km in South America, and 4,160 km in North America.
Broad gauge: 251,153 km
Standard gauge: 710,754 km
narrow gauge: 239,430 km
Ports and harbors:: List of seaports
[edit] 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).
[edit] References
^ Current account balance, U.S. dollars, Billions from IMF World Economic Outlook Database, April 2008
^ "U.S. and Global Economies Slipping in Unison" article by Peter S. Goodman in The New York Times August 23, 2008
^ global cellphone penetration reaches 50 percent
[edit] See also
List of most wealthy historical figures - The scope of the list is world-wide in history since the beginning of civilization.
Globality
Globalization
The Global Economy
Economy of Africa
Economy of Asia
Economy of Europe
Economy of North America
Economy of Oceania
Economy of South America
Energy policy
List of billionaires
List of countries by GDP sector composition
North American Industry Classification System
Steel production by country
List of world's largest economies (nominal) - based on current currency market exchange rates for 2007
List of world's largest economies (PPP) - based on purchasing power parity for 2007
Historical list of world's largest economies (nominal) - for the years between 1998 and 2003
Historical list of world's largest economies (PPP) - for the years between 1 and 1998
World
Trade route
Economics
Ecological economics
2007–2008 world food price crisis
Oil price increases since 2003
[edit] External links
Maps of the global economy
IMF - World Economic Outlook
UN DESA - World Economy publications
CIA - The World Factbook -- World
Career Education for a Global Economy
BBC World economy news
World Economies
Financial Times
Global Economy Portal
Retrieved from "http://en.wikipedia.org/wiki/World_economy"
Current account balance 2006[1]
Global output (gross world product) (GWP) rose by 4.4% 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.
Growth results posted by the major industrial countries varied from no gain for Italy to a strong gain by the United States (3.5%).
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.
[edit] 2008
In 2008 after vigorous growth which produced a dramatic increase in the price of commodities such as oil and basic foodstuffs, the international economy began to slow in many countries providing relief from high commodities prices and increasing inflation. It was the opinion of some observers that the world economy had become somewhat overheated and was retracting to a more sustainable pace.[2]
[edit] Statistical indicators
[edit] Economy
GDP (GWP) (gross world product): (purchasing power parity exchange rates) - $59.38 trillion (2005 est.), $51.48 trillion (2004), $49 trillion (2002)
GDP (GWP) (gross world product) (IMF 179 countries [3]): (market exchange rates) - $43.92 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: $5.187 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)
[edit] Employment
Unemployment rate: 30% combined unemployment and underemployment in many non-industrialized countries; developed countries typically 4%-12% unemployment[citation needed]
[edit] Industries
Industrial production growth rate: 3% (2002 est.)
[edit] 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: 79.65 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 - consumption: 2,556 km³ (2001 est.)
Natural gas - proved reserves: 161,200 km³ (1 January 2002)
[edit] Cross-border
Yearly exports: $6.6 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.)
[edit] Gift economy
Yearly economic aid - recipient: Official Development Assistance (ODA) $50 billion...
[edit] Communications
Telephones - main lines in use: 843,923,500 (2007)4,263,367,600 (2008)
Telephones - mobile cellular: 3,300,000,000 (Nov. 2007)[3]
Internet Service Providers (ISPs): 10,350 (2000 est.)
Internet users: 1,311,050,595 (January 18, 2008 [5] est.), 1,091,730,861 (December 30, 2006 [6] est.), 604,111,719 (2002 est.)
[edit] Transport
Main article: Transport
Airports
Total: 49,973 (2004)
Roadway
Total: 32,345,165 km
Paved: 19,403,061 km
Unpaved: 12,942,104 km (2002)
Railways
Total: 1,122,650 km includes about 190,000 to 195,000 km of electrified routes of which 147,760 km are in Europe, 24,509 km in the Far East, 11,050 km in Africa, 4,223 km in South America, and 4,160 km in North America.
Broad gauge: 251,153 km
Standard gauge: 710,754 km
narrow gauge: 239,430 km
Ports and harbors:: List of seaports
[edit] 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).
[edit] References
^ Current account balance, U.S. dollars, Billions from IMF World Economic Outlook Database, April 2008
^ "U.S. and Global Economies Slipping in Unison" article by Peter S. Goodman in The New York Times August 23, 2008
^ global cellphone penetration reaches 50 percent
[edit] See also
List of most wealthy historical figures - The scope of the list is world-wide in history since the beginning of civilization.
Globality
Globalization
The Global Economy
Economy of Africa
Economy of Asia
Economy of Europe
Economy of North America
Economy of Oceania
Economy of South America
Energy policy
List of billionaires
List of countries by GDP sector composition
North American Industry Classification System
Steel production by country
List of world's largest economies (nominal) - based on current currency market exchange rates for 2007
List of world's largest economies (PPP) - based on purchasing power parity for 2007
Historical list of world's largest economies (nominal) - for the years between 1998 and 2003
Historical list of world's largest economies (PPP) - for the years between 1 and 1998
World
Trade route
Economics
Ecological economics
2007–2008 world food price crisis
Oil price increases since 2003
[edit] External links
Maps of the global economy
IMF - World Economic Outlook
UN DESA - World Economy publications
CIA - The World Factbook -- World
Career Education for a Global Economy
BBC World economy news
World Economies
Financial Times
Global Economy Portal
Retrieved from "http://en.wikipedia.org/wiki/World_economy"
No comments:
Post a Comment