OECD now accounts for slightly less than 50% of world GDP, large emerging economies for about 30% | WPN World People News

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 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.

Source: Organisation for Economic Co-operation and Development