The world output break-up
The world’s gross output –combined GDP –stands at slightly more than USD 65 trillion as per the 2007 figures. A break-up of the world economy, as shown in the chart below clearly points out that the US is the world’s largest economy with a GDP of USD 13.8 trillion(PPP basis) followed by China at USD 6.9 trillion(PPP basis). Japan follows next with a GDP figure of USD 4.2 trillion (PPP basis) and India’s GDP figure stands at USD 2.9 trillion (PPP basis).

Top Ten Countries by GDP
The graph below illustrates the top ten economies of the world based on total output calculated by the PPP method. Thus we can see that Germany is the world’s fifth largest economy followed by United Kingdom, Russia, France, Brazil and Italy.

World Economy: Output growth
The total world output has been growing at an almost steady rate of between 2 to 5 % over the past eight years as can be seen in the graph below. The world’s economic growth, which stood at 5 % per annum, was the maximum in 2006 and the lowest growth rate -2.2 % per annum –was observed in the year 2001.