Global Standards for the world economy

Monday 26 September 2016

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Analysis of use of IFRS Standards by GDP

 17 March 2016


In the section of the IFRS® Foundation website that contains profiles of the use of IFRS Standards by jurisdiction, we have added an analysis by size of jurisdiction based on Gross Domestic Product (GDP).

The 140 profiled jurisdictions represent 97.3 per cent of the world’s GDP.

The GDP of profiled jurisdictions that require or permit the use of IFRS Standards for domestic publicly accountable entities (listed companies and financial institutions) constitutes 61 per cent of the GDP of all profiled jurisdictions.

The GDP of profiled jurisdictions that do not permit the use of IFRS Standards for any domestic publicly accountable entities constitutes 39 per cent of the GDP of all profiled jurisdictions. Two jurisdictions (China and the United States) account for nearly all (94 per cent) of the GDP of profiled jurisdictions that do not permit the use of IFRS Standards for any domestic publicly accountable entities.