Use of IFRS around the world
Use of IFRS as percentage of GDP is limited by two large jurisdictions that do not permit use of IFRS.
On 17 March 2016, the IFRS Foundation published its breakdown of the use of IFRS around the world, as a percentage of world Gross Domestic Product (GDP).
Keywords: Mazars, Thailand, IFRS, PAEs, GDP
19 May 2016
According to its analysis, jurisdictions that require IFRS for all Publicly Accountable Entities (PAEs) represent nearly 50% of world GDP. Jurisdictions that permit the use of IFRS for at least some PAEs account for a further 10%.
Jurisdictions that do not permit the use of IFRS for any domestic PAEs represent 39% of world GDP. China and the United States account for 94% of this.
The analysis is available online here .