List of continents by GDP (nominal)

World map showing nominal GDP of countries for the year 2017 according to the IMF.
Legend: (in billions of U.S. dollars)
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This article includes a list of continents of the world sorted by their gross domestic product (GDP), the market value of all final goods and services from a continent in a given year. 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.

GDP (nominal) by continents

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 2019 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.[1] 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.[2]

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

List by the International Monetary Fund (2019)[3]
Rank Continent GDP
World 87,270 2019
1 Asia 31,580 2019
2 North America 24,430 2019
3 Europe 21,790 2019
4 South America 3,640 2019
5 Africa 2,450 2019
6 Oceania 1,630 2019
7 Antarctica N/A N/A

GDP per capita (nominal) by continents

List by the International Monetary Fund (2019)[4][5][verification needed]
Rank Continent GDP per
capita (US$)
World Average 11,570 2019
1 Oceania 53,220 2019
2 North America 49,240 2019
3 Europe 29,410 2019
4 South America 8,560 2019
5 Asia 7,350 2019
6 Africa 1,930 2019
7 Antarctica 0 (N/A) 2019

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