Continent by GDP 2023

Asia is the largest continental economy by both GDP Nominal and PPP in the world. With $41.6 trillion in nominal terms, Asia accounts for 40.1% of the world GDP. In PPP terms, its shares go close to 48.2% with Int. $77.2 trillion. North America has the 2nd highest continental economy in nominal terms, while Europe is the 2nd highest continental economy in PPP methods. Only these three continents have crossed the ten trillion milestones. Asia, North America, and Europe together share about 91.6% of the global economy on a nominal basis and 89% on a PPP basis. In nominal data, South America is at 4th position while in PPP data, Africa is at 4th position. Oceania is the smallest continental economy in the world.