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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:

  • Prepare leaders who understand and can meet the unique challenges and opportunities of business management in a global context
  • Advance Ivey's international business research ranking for thought leadership within the worldwide top 10 business schools
  • Strengthen management education in the world's poorest countries

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

August 2, 2018

 

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

23,241

USA

18,980

CHINA

1,386

2.

USA

19,608

CHINA

12,043

INDIA

1,339

3.

INDIA

9,449

JAPAN

4,888

USA

326

4.

JAPAN

5,765

GERMANY

3,597

INDONESIA

264

5.

GERMANY

4,280

UNITED KINGDOM

2,676

BRAZIL

209

6.

RUSSIA

3,655

FRANCE

2,548

PAKISTAN

197

7.

BRAZIL

3,173

INDIA

2,431

NIGERIA

191

8.

INDONESIA

3,140

ITALY

1,878

BANGLADESH

165

9.

FRANCE

2,934

BRAZIL

1,796

RUSSIA

144

10.

UNITED KINGDOM

2,850

CANADA

1,573

MEXICO

129

11.

ITALY

2,424

KOREA

1,460

JAPAN

127

12.

MEXICO

2,291

RUSSIA

1,356

ETHIOPIA

105

13.

TURKEY

2,225

SPAIN

1,266

PHILIPPINES

105

14.

KOREA

1,969

AUSTRALIA

1,263

EGYPT

98

15.

SAUDI ARABIA

1,804

MEXICO

1,113

VIETNAM

 96

 16.

SPAIN     1,774

 INDONESIA

934 GERMANY

 83

Source: World Development Indicators database, World Bank, 2018, for 2017.