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1999
- But adjusting for purchasing power parity (PPP), China became the world's second largest economy as early as 1999 surpassing Japan, and has toppled America to become the biggest economy since 2014.
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World Bank CIA; Forecast Year Estimate Year Estimate Year World — 185,677,122: 2024: 164,155,327: 2022: 127,800,000: 2017 China: Asia: 35,291,015: 2024: 30,327,320: 2022: 23,009,780: 2020 United States: Americas: 28,781,083: 2024: 25,462,700: 2022: 19,846,720: 2020 India: Asia: 14,594,460: 2024: 11,874,583: 2022: 8,443,360: 2020 Japan: Asia ...
Country (or Territory)Un RegionImf [1] [5](forecast)Imf [1] [5](year)————————5 days ago · The latest International Comparison Program (ICP) data show the size of the global economy in PPP terms in 2021 was $152 trillion. Middle-income countries accounted for more than half of the total. High-income economies accounted for slightly less than half. Low-income economies constituted barely 1% of global GDP.
It is the world's second largest economy by nominal GDP, behind the United States, and the world's largest economy since 2016 when measured by purchasing power parity (PPP). [note 2] China accounted for 19% of the global economy in 2022 in PPP terms, [34] and around 18% in nominal terms in 2022.
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The gross domestic product of China in 2019 was RMB 99.08651 trillion, or US$14.4 trillion (nominal). China's nominal GDP surpassed that of Italy in 2000, France in 2005, the United Kingdom in 2006, Germany in 2007, Japan in 2010 and that of the Eurozone in 2018 making China the world's third largest economy after the European Union and United Stat...
Quarterly GDP
China's quarterly GDP estimation was formally established in 1992. Afterwards, following the development of SNA of China, quarterly GDP is successively standardized and improved in estimation methodology, accounting classification, accounting procedure, release time and data quality control. Accumulated quarterly GDP estimation is formed. Not only quarterly GDP estimation by industries is established but also quarterly GDP estimation at expenditure approach is being studied. the following is...
Ta-Chung Liu, Kung-Chia Yeh: The Economy of the Chinese Mainland. National Income and Economic Development, 1933–1959. Princeton N. J. Princeton University Press
Oct 16, 2019 · Five years earlier, in 2008, India’s GDP in PPP terms surpassed that of Japan to become the third largest economy in the world. This chart shows the size of the largest 15 economies in the world for every year between 1990 and 2018. Over that time, China’s economy grew by over a 1000%, whilst India’s economy grew by nearly 500%.
China’s nominal GDP is the second-largest after the United States, but measured at PPP, China’s GDP is larger than that of the United States by a considerable margin. 1. Comparing GDP: Nominal v. Purchasing Power Parity (PPP) (2022)
Jul 12, 2006 · Contents. The History of China's Economic Development. China's Economy Prior to Reforms. The Introduction of Economic Reforms. China's Economic Growth and Reforms: 1979-the Present. Causes of China's Economic Growth. Measuring the Size of China's Economy. China as the World's Largest Manufacturer. Changes in China's Wage and Labor Cost Advantages.
