Nomenclature
FULL MEMBER
And to think, maybe one day China's GDP per capita can finally break the top 100! Take that Albania!
That has already happened.
List of countries by GDP (nominal) per capita - Wikipedia, the free encyclopedia.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
And to think, maybe one day China's GDP per capita can finally break the top 100! Take that Albania!
Ah, my apologies. Watch out Angola, you're next!That has already happened.
List of countries by GDP (nominal) per capita - Wikipedia, the free encyclopedia.
Can anyone throw some light on this? Why is a fast growth rate not favorable and why the Chinese government tried to slow it down?
Thanks.
It also depends on if this 5th generation leaders are any good.
If they love themselves or love China.
GDP which we are talking about here is nominal GDP, why everyone is using real GDP 9-10% rate to project future? The average nominal GDP growth of china over past ten years is more than 14%. If both china and USA keep their growth rates of past ten years, even with current exchange rate, China's GDP will surpass USA by 2020 for sure
So let me get this right: China's recorded GDP growth rate is the real GDP rate excluding inflation but our nominal is larger. Calculations of GDP/capita are nominal. That should mean the gap between PPP and nominal GDP/capita is reducing per year, r ight?
So let me get this right: China's recorded GDP growth rate is the real GDP rate excluding inflation but our nominal is larger. Calculations of GDP/capita are nominal.
That should mean the gap between PPP and nominal GDP/capita is reducing per year, r ight?
No, the nominal GDP figures you see thrown around are real GDP, adjusted for inflation. The gap between PPP GDP and nominal GDP is introduced by exchange rates and inflation of domestic prices. At this time, most countries' PPP and nominal gap are closing as the value of the dollar is falling against almost all other global currencies and due to the fact that inflation in the US is significantly lower than developing countries.
PS: The gap between PPP and nominal GDP is the largest determinant to weighing the value of a currency. The fact that India has a smaller gap (but still exists because of the cheap labor and environmental costs of producing some basic goods vs-a-vs the global market) than China means that the Rupee is more fairly weighed than the Yuan.
the nominal GDP number and growth rate are NOT adjusted for inflation rate
The GDP growth rate numbers are definitely after inflation.
Otherwise, you'll get Zimbabwe reporting 1,000% GDP growth when real GDP growth is actually negative.
PS: The gap between PPP and nominal GDP is the largest determinant to weighing the value of a currency. The fact that India has a smaller gap (but still exists because of the cheap labor and environmental costs of producing some basic goods vs-a-vs the global market) than China means that the Rupee is more fairly weighed than the Yuan.