List of countries by GDP (PPP) in the nineteenth century
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These are lists of countries in the nineteenth century by their estimated
real Real may refer to: Currencies * Brazilian real (R$) * Central American Republic real * Mexican real * Portuguese real * Spanish real * Spanish colonial real Music Albums * ''Real'' (L'Arc-en-Ciel album) (2000) * ''Real'' (Bright album) (2010) ...
gross domestic product Gross domestic product (GDP) is a money, monetary Measurement in economics, measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjec ...
(GDP) in terms of
purchasing power parity Purchasing power parity (PPP) is the measurement of prices in different countries that uses the prices of specific goods to compare the absolute purchasing power of the countries' currency, currencies. PPP is effectively the ratio of the price of ...
(PPP), the value of all final goods and services produced within a country/region in a given year. GDP dollar (
international dollar The international dollar (int'l dollar or intl dollar, symbols Int'l$., Intl$., Int$), also known as Geary–Khamis dollar (symbols G-K$ or GK$), is a hypothetical unit of currency that has the same purchasing power parity that the U.S. dollar ...
) estimates here are derived from PPP estimates.


Methodology

Due to the absence of sufficient data for nearly all economies until the 20th century, earlier GDP is only roughly estimated. In a first step, economic historians try to reconstruct the
GDP per capita Lists of countries by GDP per capita list the countries in the world by their gross domestic product (GDP) per capita. The lists may be based on nominal or purchasing power parity GDP. Gross national income (GNI) per capita accounts for inflows ...
of a given political or geographical entity from the meagre evidence. This value is then multiplied by the estimated
population Population typically refers to the number of people in a single area, whether it be a city or town, region, country, continent, or the world. Governments typically quantify the size of the resident population within their jurisdiction using a ...
size, another determinant for which as a rule only little ancient data is available. A key notion in the whole process is that of
subsistence A subsistence economy is an economy directed to basic subsistence (the provision of food, clothing, shelter) rather than to the market. Henceforth, "subsistence" is understood as supporting oneself at a minimum level. Often, the subsistence econo ...
, the
income Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. Income is difficult to define conceptually and the definition may be different across fields. For ...
level which is necessary for sustaining one's life. Since
pre-industrial societies Pre-industrial society refers to social attributes and forums of political and cultural organization that were prevalent before the advent of the Industrial Revolution, which occurred from 1750 to 1850. ''Pre-industrial'' refers to a time before ...
, by modern standards, were characterized by a very low degree of
urbanization Urbanization (or urbanisation) refers to the population shift from rural to urban areas, the corresponding decrease in the proportion of people living in rural areas, and the ways in which societies adapt to this change. It is predominantly t ...
and a large majority of people working in the
agricultural sector The primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, fishing, forestry and mining. The primary sector tends to make up a larger portion of the economy in de ...
, economic historians prefer to express income in
cereal A cereal is any Poaceae, grass cultivated for the edible components of its grain (botanically, a type of fruit called a caryopsis), composed of the endosperm, Cereal germ, germ, and bran. Cereal Grain, grain crops are grown in greater quantit ...
units. To achieve comparability over space and time, these numbers are then converted into monetary units such as
International Dollar The international dollar (int'l dollar or intl dollar, symbols Int'l$., Intl$., Int$), also known as Geary–Khamis dollar (symbols G-K$ or GK$), is a hypothetical unit of currency that has the same purchasing power parity that the U.S. dollar ...
s, a third step which leaves a relatively wide margin of interpretation. The formula is: GDP (PPP) = GDP per capita (PPP) × population size It should be stressed that, historically speaking, population size is a far more important multiplier in the equation. This is because, in contrast to industrial economies, the average income ceiling of premodern
agrarian societies An agrarian society, or agricultural society, is any community whose economy is based on producing and maintaining crops and farmland. Another way to define an agrarian society is by seeing how much of a nation's total production is in agriculture ...
was quite low everywhere, possibly not higher than twice the subsistence level. Therefore, the total GDP as given below primarily reflects the respective historical population size, and is much less indicative of contemporary
living standard Standard of living is the level of income, comforts and services available, generally applied to a society or location, rather than to an individual. Standard of living is relevant because it is considered to contribute to an individual's quality ...
s than, for example, estimations of past GDP per capita. According to 20th-century macroeconomist
Paul Bairoch Paul Bairoch (24 July 1930 in Antwerp – 12 February 1999 in Geneva) was a (in 1985 naturalised) Swiss economic history, economic historian of Belgian descent who specialized in urban history and historical demography. He published or co-authored ...
, a pioneer in historical economic analysis, Rather, Bairoch advocates a formula combining GNP per capita and total GNP to provide a better measure of the economic performance of national economies.Bairoch 1976, p. 282 The total GDPs of the
British Empire The British Empire was composed of the dominions, colonies, protectorates, mandates, and other territories ruled or administered by the United Kingdom and its predecessor states. It began with the overseas possessions and trading posts esta ...
and
Austro-Hungarian Empire Austria-Hungary, often referred to as the Austro-Hungarian Empire,, the Dual Monarchy, or Austria, was a constitutional monarchy and great power in Central Europe between 1867 and 1918. It was formed with the Austro-Hungarian Compromise of ...
were difficult to calculate due to lack of information from some localities in Maddison's work. There is no information to speculate the GDP of many colonies and national subdivisions. In the case of Austria-Hungary, the data given is about the modern territory of the
Austria Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous ...
and
Hungary Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia a ...
, while the majority of the population and economy lay outside today's borders. There were data about future countries that were once part of the Empire. 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. Data about the GDP of the territory of the future Yugoslavian kingdom in 1890s existed, so the proportion of the population among Croatia-Slavonia, Serbia and the other constituents of the future kingdom were used to deduce the GDP of each place. Information about Galician GDP was deduced using the proportion of the people it had in what would become Poland. Information about other parts were missing, so the GDP of the Austro-Hungarian Empire was actually bigger than shown, as well as the British Empire.


Lists

List by the Contours of the World Economy, 1–2030 AD (Partial forecasted estimates for 1879–1880) and Maddison ProjectGGDC - Maddison Project
/ref>David Rumsey
/ref>


Notes


References


External links


Angus Maddison
— Historical statistics

— Papers on ancient economy and demography {{GDP country lists GDP by country GDP (PPP) Past Nineteenth century Countries by GDP GDP (PPP) 19th century