Global Standards for the world economy

Monday 27 March 2017

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IFRS use around the world

GDP of profiled jurisdictions


The 149 profiled jurisdictions represent 98.6% of the world’s GDP (2015 data).

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 55% 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 45% of the GDP of all profiled jurisdictions. Three jurisdictions (China, India and the United States) account for nearly all (94%) of the GDP of profiled jurisdictions that do not permit the use of IFRS Standards for any domestic publicly accountable entities.

Detail is in the table below:

US$ (billions) Per cent (of total world GDP) Per cent (of profiled jurisdictions GDP)
Total world GDP 73,026 100
GDP of 149 profiled jurisdictions 72,000 98.6 100
GDP of jurisdictions that require IFRS Standards for all or most domestic Publicly Accountable Entities (PAEs) 34,188 47.5
GDP of jurisdictions that require IFRS Standards for some (but not all or most) domestic PAEs 67 0.1
GDP of jurisdictions that permit IFRS Standards for at least some domestic PAEs 4,991 6.9
GDP of jurisdictions that do not permit IFRS Standards for any domestic PAE 32,755 45.5

Data sources:



All data correct at time of publication: 12 December 2016

Related information

Contact

Paul Pacter
Former Board member and project manager
email: ppacter@ifrs.org