The research systematically completed China's GDP and GDP per capita from 1952 to 1986 and analyzed growth rate, the change and contribution rates of each component. dollar are based on the World Economic Outlook Database October 2019, "Chinese Macroeconomic Structure and Policy" (June 1988), List of Chinese administrative divisions by GDP per capita, List of Chinese administrative divisions by GDP, List of country subdivisions by GDP over 100 billion US dollars, China NBS Announcement: GDP Revision according to SNA2008 (Chinese), China revises Historical GDP according to SNA2008, China NBS: National data - annual - national accounts - Gross Domestic Product, Statistical Communiqué of the People's Republic of China on the 2017 National Economic and Social Development, https://www.bloomberg.com/news/articles/2018-03-06/china-s-economy-is-set-to-overtake-combined-euro-area-this-year, "National Economy was Generally Stable in 2019 with Main Projected Targets for Development Achieved", "Download WEO Data: October 2019 Edition", United Nations: National Accounts Main Aggregates Database - Latest Data Upload (December 2015), World bank / World Development Indicators (, United Nations: National Accounts main aggregates database (loaded on December 2015), List of top international rankings by country, Grasping the large, letting go of the small, China Banknote Printing and Minting Corporation, National Development and Reform Commission, Ministry of Industry and Information Technology, State-owned Assets Supervision and Administration Commission, State Administration for Industry and Commerce, China Council for the Promotion of International Trade, All-China Federation of Industry and Commerce, Guangdong-Hong Kong-Macau Greater Bay Area, Mainland and Hong Kong Closer Economic Partnership Arrangement, Mainland and Macau Closer Economic Partnership Arrangement, Regional Comprehensive Economic Partnership, History of trade of the People's Republic of China, https://en.wikipedia.org/w/index.php?title=Historical_GDP_of_China&oldid=978773823, Economic history of the People's Republic of China, All Wikipedia articles in need of updating, Wikipedia articles in need of updating from January 2012, Creative Commons Attribution-ShareAlike License, Ta-Chung Liu, Kung-Chia Yeh: The Economy of the Chinese Mainland.
Find Out, Online tool for visualization and analysis. Well, PPP GDP is the metric used by the World Bank, IMF and even the CIA to compare economies. … During this period, there were many data adjustments, with weighting factors undergoing significant changes along with each year's comparable price amendments, statistical method significant changes result in the substantial deviation. If you continue to navigate this website beyond this page, cookies will be placed on your browser. International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.
The GDP also has been converted to U.S. dollar-based data by utilizing the moving average exchange rate. Components of GDP by Industries (Revision based on the 4th Economic Census 2018), List of China GDP by three International organizations, comparison for percentage share of world nominal GDP, comparison of Nominal GDP per capita by year, comparison for percentage share of world nominal GDP, Comparative data of three International organizations. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus).
dollar are based on the World Economic Outlook Database April 2019, the historical PPP GDP figures of Mainland China and exchange rates of Chinese yuan to Int'l. This site uses cookies to optimize functionality and give you the best possible experience. China started to study and then implement a new system of national economic accounting. License: CC BY-4.0 Line Bar Map. Despite the extremely difficult conditions of a destroyed economy, blank theory, a lack of data, and simple methods in the 1980s, there is so little deviation for such a long period of time and the comprehensiveness of the national economic indicator, indicates that the research conducted by Fengbo Zhang with the support of the extensive group he trained is extremely rigorous, and their result very precise. This page is a list of the countries of the world by gross domestic product (at purchasing … [3] Xie Fuzhan, former Director, and Ma Jiantang, current Director of the NBS, both participated in Dr. Fengbo Zhang's research project in the 1980s, as assistant researcher and graduate student, respectively, of the Research Center of the SCC. To learn more about cookies, click here.
International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building.
GDP, PPP (current international $) - China. Not only quarterly GDP estimation by industries is established but also quarterly GDP estimation at expenditure approach is being studied. The GDP per Capita, in China, when adjusted by Purchasing Power Parity is equivalent to 91 percent of the world's average. Based on Dr. Fengbo Zhang's research, in 1997, the National Bureau of Statistics of China (NBS), in collaboration with Hitotsubashi University of Japan, re-estimated China's GDP Data from 1952 up to 1995 based on the SNA principal. GDP, PPP (constant 2017 international $) GDP (current US$) GDP growth (annual %) GDP (constant 2010 US$) GDP (constant LCU) GDP: linked series (current … GDP, PPP (current international $) International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme. The research utilized the World Bank's method as a reference, and made numerous appropriate adjustments based on China's national condition. This article includes a list of China's historical gross domestic product (GDP) values (with the … When comparing Fengbo Zhang's GDP measurement in the 1980s and the GDP in 1997 by the NBS and Japan's cooperative research, the two are found to be very consistent; the deviation rate each year is very slight, between only 0.1% and 7%. Shaded Points. Eurozone in 2018 making China the world's third largest economy after the European Union and United States. International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme. International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme. License: CC BY-4.0 Line Bar Map. This achievement created the foundation for China GDP research. Accumulated quarterly GDP estimation is formed. The Gross Domestic Product per capita in China was last recorded at 16116.70 US dollars in 2019, when adjusted by purchasing power parity (PPP). the following is the quarterly GDP list.
If you continue to navigate this website beyond this page, cookies will be placed on your browser. Share Details. National Economic Performance Maintained within an Appropriate Range in 2018 with Main Development Goals Achieved (21 January 2019): the historical PPP GDP figures of Mainland China and exchange rates of Chinese yuan to Int'l. 1990 - 2019. National Income and Economic Development, 1933–1959. Additionally, the research compared MPS and SNA, looking at the results from the two systems from analyzing Chinese economy. The research also included international comparisons. https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP) If you go to CIA’s World Factbook page, you will see that China is ranked as #1 using PPP GDP (see screenshot below). This is the first GDP data which was published by China. This article also includes historical GDP growth. Princeton N. J. Princeton University Press, This page was last edited on 16 September 2020, at 21:16. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus).
[5][2][6] According to the preliminary estimation, the gross domestic product of China was 14.10 trillion US dollars in 2019. Based on the current price, the country's average annual GDP growth in these 32 years was 15.8%, reaching an historical high of 36.41% in 1994 and a record low of 6.25% in 1999. Find Out, Online tool for visualization and analysis. The SCC issued "The notice regarding implementation of System of National Accounting" in August 1992, the Western SNA system officially is introduced to China, replaced Soviet Union's MPS system, Western economic indicator GDP became China's most important economic indicator.
The GDP dollar estimates presented here are either calculated at market or government official exchange rates (nominal), or derived from purchasing power parity (PPP) calculations. GDP per capita, PPP (current international $) - China, United States from The World Bank: Data This site uses cookies to optimize functionality and give you the best possible experience.
2018. 10Y 25Y Share Details. China GDP (Gross Domestic Product) was INT$23,102.44billion for 2019 in PPP terms. China's quarterly GDP estimation was formally established in 1992. In 1986, as the first citizen of the People's Republic of China to receive a Ph.D. in economics from an overseas country, Dr. Fengbo Zhang headed Chinese Macroeconomic Research - the key research project of the seventh five-year plan, as well as completing and publishing the Chinese GDP data according to China's own research and calculations. Label. A summary of the above events has been included in the book "Chinese Macroeconomic Structure and Policy" (June 1988) edited by Fengbo Zhang, and collectively authored by the Research Center of the SCC.
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 To learn more about cookies, click here. What is PPP GDP? Also note that, in 2017, China’s PPP GDP was $23 trillion, which was 14% larger than that of the USA. In 1985, the State Council of China (SCC) approved the establishment of a SNA (System of National Accounting), using GDP to measure the national economy. From 1979 until 2010, China's average annual GDP growth was 9.91%, reaching a historical high of 15.2% in 1984 and a record low of 3.8% in 1990. In 2016, the 2008 SNA was formally brought into use.[2]. This article includes a list of China's historical gross domestic product (GDP) values (with the latest to reach US$14.1 trillion for 2019[1]), the market value of all final goods and services produced by a nation in a given year. Even with science and technology as advanced as it is today, the single item survey is allowed at least ±3%, or a total of 6% deviation. 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. GDP per capita, PPP (constant 2017 international $), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. Diese Werte, historische Daten, Prognosen, Statistiken, Diagramme und ökonomische Kalender - China - BIP pro Kopf PPP.
[7] But adjusting for purchasing power parity (PPP), China become the world's second largest economy as early as 1999 surpassing Japan, and has toppled America to become the biggest economy since 2014.[8].
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