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Nation GDP '
United States 529 0.206237817
United Kingdom 473 0.184405458
China 242 0.094346979
Germany 239 0.093177388
Russia 238 0.092787524
France 164 0.063937622
Austria-Hungary 100.5 0.038849903
Japan 89 0.034697856
Italy 95 0.037037037
Netherlands 70 0.027290448
Spain 46 0.017933723
Canada 35 0.013645224
Belgium 34 0.013255361
Australia 28 0.010916179
Brazil 24 0.009356725
Sweden 17 0.00662768
Switzerland 16 0.006237817
Mexico 15 0.005847953
Ottoman Empire 14 0.00545809
Denmark 12 0.004678363
Portugal 11 0.004288499
Egypt 9 0.003508772
Greece 9 0.003508772
Argentina 8 0.003118908
Iran 8 0.003118908
Bulgaria 7 0.002729045
Serbia 7 0.002729045
Thailand 7 0.002729045
New Zealand 6 0.002339181
Norway 6 0.002339181
Colombia 5 0.001949318
Peru 4 0.001559454
Chile 3 0.001169591
Venezuela 3 0.001169591
Bolivia 2 0.000779727
Cuba 2 0.000779727
Ecuador 2 0.000779727
Ethiopia 2 0.000779727
Haiti 2 0.000779727
Dominican Republic 1 0.000389864
El Salvador 1 0.000389864
Guatemala 1 0.000389864
Honduras 1 0.000389864
Nicaragua 1 0.000389864
Paraguay 1 0.000389864
Somalia 1 0.000389864
Uruguay 1 0.000389864

This list is based upon The Word Economy by Angus Maddison. I have adjusted the figures to reflect pre-WW1 boundaries. Colonies are included with the ruling nation. However, most British areas in the Middle East were actually protectorates and listed separately. The amounts are in billions of 1990 dollars. The figures have some problems because they are based upon modern boundaries and it is unclear whether the GDP represents the modern borders or historical borders.

There figures can be used as guide to area values. Note that some nations clearly had trouble turning their GDP's into effective military power (such as Russia and China).

Here are the figures with the colonies broken out:

Nation Owner GDP
Algeria France 6
Angola Portugal 1
Argentina Argentina 8
Australia Australia 28
Austria Austria-Hungary 23
Bahrain Bahrain 0
Belgium Belgium 32
Benin France 1
Bolivia Bolivia 2
Botswana United Kingdom 0
Brazil Brazil 24
Bulgaria Bulgaria 7
Burkina Faso France 1
Burma United Kingdom 8
Burundi Germany 0
Cameroon Germany 1
Canada Canada 35
Cape Verde Portugal 0
Central African Rep. France 0
Chad France 1
Chile Chile 3
China China 242
Colombia Colombia 5
Comoros France 0
Congo France 0
Costa Rica Costa Rica 0
Côte d\'Ivoire France 1
Cuba Cuba 2
Czechoslovakia Austria-Hungary 28
Denmark Denmark 12
Djibouti France 0
Dominican Republic Dominican Republic 1
Ecuador Ecuador 2
Egypt Egypt 9
El Salvador El Salvador 1
Ethiopia and Eritrea Ethiopia 2
Finland Russia 6
France France 144
Gabon France 0
Gambia United Kingdom 0
Germany Germany 237
Ghana United Kingdom 2
Greece Greece 9
Guatemala Guatemala 1
Guinea France 0
Guinea Bissau Portugal 0
Haiti Haiti 2
Honduras Honduras 1
Hungary Austria-Hungary 16
India United Kingdom 204
Indonesia Netherlands 45
Iran Iran 8
Iraq Ottoman Empire 2
Israel Ottoman Empire 0
Italy Italy 95
Jamaica United Kingdom 1
Japan Japan 72
Jordan Ottoman Empire 0
Kenya United Kingdom 1
Kuwait Kuwait 0
Lebanon Ottoman Empire 0
Lesotho United Kingdom 0
Liberia Liberia 0
Madagascar France 2
Malawi France 0
Malaysia United Kingdom 3
Mali France 1
Mauritania France 0
Mauritius France 0
Mexico Mexico 15
Morocco France 4
Mozambique Portugal 3
Namibia Germany 0
Netherlands Netherlands 25
New Zealand New Zealand 6
Nicaragua Nicaragua 1
Niger France 1
Nigeria United Kingdom 9
Norway Norway 6
Oman Oman 0
Panama Panama 0
Paraguay Paraguay 1
Peru Peru 4
Philippines United States 10
Portugal Portugal 7
Puerto Rico United States 1
Reunion France 0
Russia Russia 232
Rwanda Germany 0
Saudi Arabia Saudi Arabia 0
Senegal France 1
Seychelles France 0
Sierra Leone United Kingdom 1
Singapore United Kingdom 0
Somalia Somalia 1
South Africa United Kingdom 10
South Korea Japan 14
Spain Spain 46
Sri Lanka United Kingdom 4
Sudan United Kingdom 2
Swaziland United Kingdom 0
Sweden Sweden 17
Switzerland Switzerland 16
Taiwan Japan 3
Tanzania Germany 1
Thailand Thailand 7
Togo Germany 0
Trinidad United Kingdom 0
Tunisia France 1
Turkey Ottoman Empire 10
UAE Trucial States 0
Uganda United Kingdom 1
United Kingdom United Kingdom 225
United States United States 518
Uruguay Uruguay 1
Venezuela Venezuela 3
West Bank/Gaza Ottoman Empire 0
Yemen Ottoman Empire 2
Serbia Serbia 7
Croatia-Slovenia Austria-Hungary 7
Zaire Belgium 2
Zambia United Kingdom 1
Zimbabwe United Kingdom 1
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