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International Business Institute

About Us

The International Business Institute was established in late 2016 and is based at the Ivey Business School at Western University in London, Ontario Canada.  The goal of the IBI is to be a premier global forum for research, teaching, and outreach on international business.  More specifically, it will:

Ivey's International Business Institute combines both the previous Asian Management Institute and Engaging Emerging Markets Research Centre, and includes international business issues in developed markets.

 

International Markets: Major Sources of Economic Output

September 1, 2016

 

Gross National Income (GNI)

Population
(Million)

Purchasing Power Parity
(Int’l $ Billion)

Economic output measured by looking at the prices of a bundle of goods and services at home in local currencies

Atlas Method
(in U.S. $ Billion)

Economic output measured by valuing each country’s goods and services in dollars, using three year average exchange rates

1.

CHINA

19,418

USA

17,664

CHINA

1,371

2.

USA

18,318

CHINA

10,724

INDIA

1,311

3.

INDIA

7,890

JAPAN

4,656

USA

321

4.

JAPAN

4,934

GERMANY

3,727

INDONESIA

258

5.

GERMANY

3,923

UNITED KINGDOM

2,823

BRAZIL

208

6.

RUSSIA

3,483

FRANCE

2,711

PAKISTAN

189

7.

BRAZIL

3,123

INDIA

2,084

NIGERIA

182

8.

INDONESIA

2,750

BRAZIL

2,047

BANGLADESH

161

9.

FRANCE

2,704

ITALY

1,994

RUSSIA

144

10.

UNITED KINGDOM

2,642

CANADA

1,702

JAPAN

127

11.

ITALY

2,180

RUSSIA

1,669

MEXICO

127

12.

MEXICO

2,178

AUSTRALIA

1,429

PHILIPPINES

101

13.

KOREA

1,756

KOREA

1,389

ETHIOPIA

99

14.

SAUDI ARABIA

1,726

IRAN

1,360

VIETNAM

92

15.

SPAIN

1,601

SPAIN 

1,324

EGYPT

 92

 16.

CANADA     1,577

 MEXICO

1,234 GERMANY

 81

Source: World Development Indicators database, World Bank, 2016, for 2015.