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This article includes a list of China's historical gross domestic product (GDP) values, the market value of all final goods and services produced by a nation in a given year. The GDP dollar estimates presented here are either calculated at market or government official exchange rates (nominal), or derived from purchasing power parity (PPP ...
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
However, the report from 2014 showed that for the very first time China overtook the United States as the largest economy in the world taking into account purchasing power parity (PPP). Indeed, the margin of power between nations had generally widened and then lessened over time, and over the last fifty years the world has seen the rapid rise ...
[1] [2] Successive updates have added countries (currently 183), years (1950-2019), and data on capital, productivity, employment and population. [3] The current version of the database, version 10, thus allows for comparisons of relative GDP per capita , as a measure of standard of living , the productive capacity of economies and their ...
China’s economy expanded by 5% year on year in 2024, with an upswing in the final quarter of the year, as a flurry of stimulus measures kicked in and helped meet Beijing’s growth target.
This is an alphabetical list of countries by past and projected gross domestic product (nominal) as ranked by the IMF. Figures are based on official exchange rates, not on the purchasing power parity (PPP) methodology. Values are given in millions of United States dollars (USD) and have not been adjusted for inflation.
Notably, China has reported just a modest slowdown in real GDP growth from pre-pandemic levels — from 5.2% in 2023 to 4.8% on a year-to-date basis by the third quarter of 2024 — but ...
The latest round of economic data from China showed the country's economy grew at just 6.6 percent last year, which marks the slowest pace seen since 1990. Is The Economy Contracting? Xiang ...