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China represented 1.61% of the world's economy in 1987 (lowest point), rising to 18.4% (nominal) and 19% (PPP) in 2022. It accounted for 25.4% of global GDP in 1 CE, 29% of world global output in 1600 CE, 17.3% of the world's economy in 1870, and 33% in 1820 (its highest point).
Apr 26, 2022 · 2020: The World’s Largest Economies Shift Again. In 2020, the United States continued to hold onto the number one spot among the world’s largest economies. However, Japan’s slowdown created a rare opportunity for a new powerhouse to emerge: China.
Sep 30, 2019 · 30 September 2019. By Virginia Harrison & Daniele Palumbo ,BBC News. Getty Images. It took China less than 70 years to emerge from isolation and become one of the world's greatest economic...
[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.
Current status. Proportion of world (countries with data) nominal GDP for the countries with the top 10 highest nominal GDP in 2018, from 1980 to 2018 with IMF projections until 2024 [3]
Oct 12, 2019 · Today, China is the world’s second largest economy, making up 16% of $86 trillion global GDP in nominal terms. If you adjust numbers for purchasing power parity (PPP), the Chinese economy has already been the world’s largest since 2014.
Dec 9, 2015 · December 09, 2015. Share. Save. China has accomplished a remarkable feat in transforming itself from one of the world’s poorest countries to its second largest economy in just 30 years. Yet...
