This is a list of South American nations ranked by Gross Domestic Product (GDP) at Purchasing Power Parity (PPP) for the latest years recorded in the CIA World Factbook. [1] The figures provided are quoted in US dollars and are 2017 estimates unless otherwise noted.
Region Rank | World Rank | Country | 2017 GDP (PPP) billions of USD |
---|---|---|---|
— | — | South America | 6,541,9 |
1 | 9 | Brazil | 3,219 |
2 | 29 | Argentina | 911.5 |
3 | 32 | Colombia | 712.5 |
4 | 45 | Chile | 452.1 |
5 | 47 | Peru | 424.6 |
6 | 48 | Venezuela | 389.4 |
7 | 67 | Ecuador | 188.5 |
8 | 93 | Bolivia | 83.5 |
9 | 96 | Uruguay | 78.4 |
10 | 103 | Paraguay | 68 |
11 | 165 | Suriname | 7.9 |
12 | 173 | Guyana | 6.3 |
- | 217 | Falklands Islands | 0.218 |
The gross world product (GWP) is the combined gross national income 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). According to the World Bank, the 2013 nominal GWP was approximately US$75.59 trillion. In 2017, according to the CIA's World Factbook, the GWP was around US $80.27 trillion in nominal terms and totaled approximately 127.8 trillion international dollars in terms of purchasing power parity (PPP). The per capita PPP GWP in 2017 was approximately Int$17,500 according to the World Factbook. According to the World Bank, the 2020 GWP in current US$ was approximately US$ 84.705 trillion.
The world economy or the global economy is the economy of all humans of the world, referring to the global economic system which includes all economic activities which are conducted both within and between nations, including production, consumption, economic management, work in general, exchange of financial values and trade of goods and services. In some contexts, the two terms are distinct "international" or "global economy" being measured separately and distinguished from national economies while the "world economy" is simply an aggregate of the separate countries' measurements. Beyond the minimum standard concerning value in production, use and exchange, the definitions, representations, models and valuations of the world economy vary widely. It is inseparable from the geography and ecology of planet Earth.
The economy of the Organisation of Islamic Cooperation (OIC) combines the economies of 57 member states. 53 are predominantly Muslim states. Those 57 OIC countries have a combined GDP of US$22.149trillion. The richest country on the basis of GDP per capita at PPP is United Arab Emirates. On basis of per capita GDP, Qatar is richest country with incomes exceeding US$133,357 per capita. According to a report by Salam Standard, the GDP impact of the world’s Muslim tourism sector exceeded $138 billion in 2015, generating 4.3 million jobs and contributing more than $18 billion in tax revenue.
The Arab League is rich in resources, with enormous oil and natural gas reserves. The region's instability has not affected its tourism industry, which is considered the fastest growing sector in the region, with Egypt, the United Arab Emirates, Lebanon, Saudi Arabia and Jordan leading the way. Another industry that is growing steadily in the Arab League is telecommunications. Within less than a decade, local companies such as Orascom and Etisalat have managed to successfully compete internationally as global power players.