According to 20th-century macroeconomist Paul Bairoch, a pioneer in historical economic analysis.
These are lists of countries in the nineteenth century by their estimated real gross domestic product (GDP) in terms of purchasing power parity (PPP), the value of all final goods and services produced within a country/region in a given year. GDP is the single most commonly referenced figure to cover the entirety of a national economy and its trajectory in a single …
Canada represented 2.63% of the world's economy in 1969. While the United States has consistently had the world's largest economy since the late nineteenth century, in the last fifty years the world has seen the rapid rise and fall in relative terms of the economies of other countries as the share of the United States shrinks.
Rather, Bairoch advocates a formula combining GNP per capita and total GNP to provide a better measure of the economic performance of national economies.[2]. World Bank statistics of the ten largest economies by GDP (PPP), Angus Maddison statistics of the ten largest economies by GDP (PPP). [16], The United States represented 28.69% of the world's economy in 1960 (highest point), and was at its lowest point at 21.42% in 2011. Click on one of the small triangles in the headings to re-order the list according to that category. Please update this article to reflect recent events or newly available information. A key notion in the whole process is that of subsistence, the income level which is necessary for sustaining one's life. The United Kingdom represented 6.42% of the world's economy in 1960 (highest point), falling to 3.42% in 2012 (lowest point). This value is then multiplied by the estimated population size, another determinant for which as a rule only little ancient data is available. Germany proper (without Polish territories), "Contours of the World Economy, 1–2030 AD", List of top international rankings by country, https://en.wikipedia.org/w/index.php?title=List_of_countries_by_GDP_(PPP)_in_the_nineteenth_century&oldid=975899558, Articles with dead external links from March 2020, Articles with permanently dead external links, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, 108,772 (excluding territories with uncertain GDP), 40,386 (excluding territories with uncertain GDP), 35,399 (excluding territories with uncertain GDP), This page was last edited on 31 August 2020, at 01:30. France represented 5.8% of the world's economy in 1969. Since pre-modern societies, by modern standards, were characterized by a very low degree of urbanization and a large majority of people working in the agricultural sector, economic historians prefer to express income in cereal units.
There should be commentary highlighting the reason for the incompleteness (it …
All Rights Reserved. This list of countries by largest historical GDP shows how the membership and rankings of … India made up 16% of the world's economy in 1820 and 25% in the 1500s .[13]. List by the Contours of the World Economy, 1–2030 AD (Partial forecasted estimates for 1889-1890) and Maddison Project[3][4][5]. There is no information to speculate the GDP of many colonies and national subdivisions.
China represented 1.618% of the world's economy in 1987 (lowest point), rising to 11.47% in 2012 (highest point). Using that, the Czechoslovakia's GDP was split in the rate of 2:1 to Austria and Hungary respectively because of the location of each part in the former empire and the population rate between Czech and Slovakian territories of 2:1. In conclusion, the fact that the average incomes in the most developed agricultural economies like Augustan Rome and Basil's Byzantium were about twice or less than the subsistence minimum might indicate that the pre-industrial societies were unlikely to ever exceed that ceiling.
GDP dollar (international dollar) estimates here are derived from PPP estimates. This is, the absolute gross domestic product or total productive output of a country, not corrected by cost of life. Population figures based on United Nations data. Due to the absence of sufficient data for nearly all economies until the 20th century, earlier GDP is only roughly estimated.
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