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Introduction Methods of Accounting for the Gross Domestic Product Determination of GDP Analysis of GDP Indicators China's GDP over the years - China's GDP per capita over the years GDP and Exchange Rates:Introduction
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GDP is the abbreviation of English gross domestic product, which is also known as gross domestic product (some translations in Hong Kong and Taiwan are gross domestic product and gross domestic product). GDP is usually defined as the total market value of all final products and services produced in the economy of a country or region during a certain period of time (a quarter or a year). In economics, GDP and GNP (gross national product, gross national product)**** are commonly used as common indicators to measure the comprehensive level of economic development of a country or region. It is also the means of measurement often used by various countries and regions at present.GDP is the most popular economic statistic in macroeconomics, as it is considered to be the single most important indicator of the development of the national economy. Generally speaking, GDP has three forms, namely, value form, income form and product form. From the value form, it is the difference between the value of all goods and services produced by all resident units in a given period and the value of all non-fixed-asset goods and services invested in the same period, i.e., the sum of the value added of all resident units; from the income form, it is the sum of the income generated directly by all resident units in a given period; and from the product form, it is the end-use of goods and services minus imports of goods and services. GDP reflects the total value added of all sectors of the national economy.
Methods of Accounting for GDP
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I. Accounting for GDP by the Expenditure Method
The Expenditure Method of Accounting for GDP is to start from the use of a product, and sum up the expenditures on the various final products purchased in a year to calculate the market value of the final products produced in that year. This method is also known as the final product method and the product flow method.
If Q1, Q2?......Qn are used to represent the production of various final products, and P1, P2......Pn represent the price of various final products, the formula for accounting for GDP using the expenditure method is:
Q1P1+ Q2P2+......QnPn=GDP
In real life, the final use of products and services, mainly residential consumption, business investment, government purchases and exports. Therefore, to account for GDP by the expenditure method is to account for the sum of the expenditures of a country or region in a certain period of time in the areas of residents' consumption, business investment, government purchases and exports.
Consumption (denoted by the letter C) includes expenditures on consumer durables such as refrigerators, color TVs, washing machines, and automobiles, non-durable consumer goods such as clothing and food, and expenditures on labor such as health care, travel, and haircuts. Expenditures on building homes are not considered consumption.
Business investment (denoted by the letter I) is expenditure on adding or renewing capital assets, including plant, machinery and equipment, dwellings and inventories. Investment includes two main categories: investment in fixed assets and investment in inventories. Investment in fixed assets refers to investment in new plant, purchase of new equipment, and construction of new dwellings. Why is residential construction considered investment and not consumption? Because dwellings, like other fixed assets, are used for a long time and slowly consumed. Inventory investment is the increase (or decrease) in the value of inventory held by a business. If the nation's business inventories begin the year at $200 billion and end the year at $220 billion, then inventory investment is $20 billion. Inventory investment may be positive or negative because the value of inventory at the end of the year may be greater or less than inventory at the beginning of the year. Business inventory is considered an investment because it generates income.
Investment included in GDP is gross investment, which is the sum of replacement investment and net investment, which is also known as depreciation.
The division between investment and consumption is not absolute; the exact classification depends on what is specified in the actual statistics.
Government purchases (denoted by the letter G) are expenditures by all levels of government for the purchase of goods and services, which include government purchases of arms, services of the army and the police, office supplies and office facilities for government offices, the organization of public **** works such as roads, and the opening of schools. Salaries paid by the government to government employees are also government purchases. Government purchases are substantial expenditures that show a two-way movement of goods, services and money, which directly creates social demand and becomes a component of the gross domestic product (GDP). Government purchases are only a part of government spending, and other parts of government spending such as government transfers and interest on the public debt are not included in GDP.Government transfers are expenditures made by the government not in return for goods and services produced in the current year, including government expenditures on social welfare, social insurance, unemployment relief, poverty assistance, old age security, health care, and subsidies to agriculture. Government transfer payment is the government through its functions to transfer and redistribute income among different members of society, transferring the income of one part of the population to another part of the population, in essence, a kind of wealth redistribution. When there are government transfer payments occur, that is, when the government pays these expenditures, it does not receive any goods and services accordingly; government transfer payments are a kind of monetary expenditures, and the total income of the whole society does not change. Therefore, government transfers are not included in GDP.
Net exports (denoted by the letters X-M, with X denoting exports and M denoting imports) are the difference between imports and exports. Imports should be subtracted from the country's gross purchases because it indicates income flowing abroad and, at the same time, is not an expenditure on the purchase of domestic products; exports should be added to the country's gross purchases because they indicate an inflow of income from a foreign country and are expenditures on the purchase of domestic products, and, therefore, net exports should be counted as part of gross expenditures. Net exports may be positive or negative.
To add up the above four items is the formula for calculating GDP by the expenditure method:
GDP = C + I + G + (X-M)
II. Accounting for GDP by the Income Method
The income method of accounting for GDP is to calculate GDP from the income point of view by adding up all kinds of incomes received by the factors of production in the course of production, i.e., by adding up all kinds of incomes received by labor, wages, landowners, etc., i.e., by adding up all kinds of incomes received by labor. GDP is calculated by adding the wages received by labor, the rent received by landowners, the interest received by capital, and the profits received by entrepreneurs.This method is also called the factor payment method and the factor cost method.
In a simple economy without government, the value added by firms, the gross domestic product they create, would be equal to factor income plus depreciation, but when the government intervenes, it often levies indirect taxes, at which point GDP should also include indirect taxes and corporate transfers. Indirect taxes are taxes levied on the sale of products, and they include excise taxes and turnover taxes. Such taxes are nominally levied on businesses, but they can be built into the cost of production and ultimately passed on to consumers, so they should also be considered a cost. Similarly, there are corporate transfers (i.e., corporate social charitable contributions to non-profit organizations and consumer bad debt), it is not a factor of production to create income, but to be transferred to the consumer through the price of the product, so it should also be regarded as a cost.
Capital depreciation should also be included in GDP because it is not factor income but is included in total investment.
Also, the income of unincorporated business owners should be included in GDP. Income of non-corporate entrepreneurs is the income of doctors, lawyers, small shopkeepers, farmers, etc. They use their own funds, self-employment, their wages, interest, rent is difficult to be divided into their own business as the company's accounts should be wages, interest on their own funds, rent of their own house, etc., and their wages, interest, profits, rent is often mixed together as non-company entrepreneurs income.
In this way, the formula calculated by the income method is:
GDP = Wages + Interest + Profit + Rent + Indirect Taxes and Corporate Transfers + Depreciation
In theory, GDP calculated by the income method is quantitatively equal to GDP calculated by the expenditure method.
Third, accounting for GDP by the production method
Accounting for GDP by the production method means calculating the gross domestic product by the output value of each sector that provides material goods and services. The production method is also called the sectoral method. This method of calculation reflects the source of GDP.
When calculating using this method, each production sector deducts the output value of intermediate goods used and only the value added is calculated. Sectors such as commerce and services are also calculated using the value added method. Sectors such as health, education, administration, and household services, which cannot calculate their value added, calculate the value of their services on the basis of wage income.
Accounting for GDP by the production method, it can be divided into the following sectors: agriculture, forestry, and fishing; mining; construction; manufacturing; transportation; postal, telecommunication, and public utilities; electricity, gas, and water; wholesale and retail commerce; finance, insurance, and real estate; services; and government services and government enterprises. Summing the GDP produced by the above sectors and adding it to the net foreign factor income, and taking into account the statistical error term, you get the GDP calculated using the production method.
Theoretically, GDP calculated by the expenditure method, the income method and the production method are quantitatively equal, but there is often an error in the actual accounting, and thus a statistical error term has to be added to make adjustments to achieve consistency. In actual statistics, the expenditure method of the System of National Economic Accounts (SNA) is generally used as the basic method, i.e., the GDP calculated by the expenditure method is used as the standard.
Four, two kinds of national income accounting system
The above introduced is the western national income accounting system (referred to as SNA). This system is based on the western economic theory, that the creation of material products and the provision of services to the labor activities are value-creating production activities, the gross domestic product (GDP) as the core indicators of accounting for national economic activities. The Western national income accounting system is a method of accounting for the national economy adopted by most countries at present, and is a more reasonable and scientific accounting system. First of all, in today's world economy, where the trend of globalization, integration, marketization and informatization is strengthening, the information, knowledge, technology and labour sectors are becoming increasingly important in economic life, and the value created by the tertiary sector is taking up a larger and larger proportion of modern economic life, while the status of material production in the overall economic life has relatively declined. Therefore, it is necessary that non-material production labor should be counted in the national income accounting system and the market value of all paid labor should be included in GDP. Secondly, double counting can be avoided when accounting for national income according to the SNA, and the distinction between nominal and real GDP, etc. is also reasonable. Of course, this system of using GDP to measure the level of total output of the national economy, the degree of economic development, and the standard of living, etc. is also flawed. For example, non-market-traded activities (e.g., household activities, subsistence production) are not reflected, it does not account for the enjoyment and security of people's leisure, it does not reflect the level of environmental pollution in a country, there is inevitably some double counting in it, and so on. Before the end of the Cold War in the 1990s, there was another system of national economic accounting, the system of balance sheets of material products (or MPS for short) for countries with centrally planned economies, which was used in the former USSR, Eastern Europe, and China. The system was based on Marx's theory of reproduction and used gross social product and national income as the basic indicators reflecting the total results of national economic activity. This accounting system, compatible with the highly centralized planning and management system, once played an important role, but with the reform and development of the global market economy system, its shortcomings have become increasingly prominent. For example, it fails to reflect the development of non-material production sectors, such as information and labor services, and is not conducive to reflecting the comprehensive national strength and rational adjustment of the industrial structure; it fails to systematically reflect the movement of social funds, and is not conducive to the country's macro-management and regulation; and it fails to reflect the overall picture of the national economic cycle and the convergence of the various segments of the cycle, and is not conducive to the country's mastery of the overall balance of the entire economic operation. Therefore, countries with economies in transition, such as Eastern Europe and Russia, as well as China, have gradually adopted the Western national economic accounting system. Since 1985, China has formally adopted the GDP indicator as the main indicator for assessing the development of the national economy and formulating the strategic objectives of economic development. At present, China has calculated and published GDP figures, but has not yet calculated and published figures for such indicators as net domestic production, national income, personal income and personal disposable income.
Determination of GDP
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The calculation of GDP figures published annually by the National Bureau of Statistics (NBS) involves the following processes: a preliminary estimation process, a preliminary verification process, and a final verification process. The preliminary estimation process generally takes place at the end of each year and the beginning of the following year. The annual GDP data it obtains is only a preliminary figure, which has to be verified after obtaining fuller information. The preliminary verification process is generally conducted in the second quarter of the following year. The GDP data obtained from the preliminary verification are more accurate, but many important information required for GDP accounting is still missing, so the corresponding data need to be further verified. The final verification process generally takes place in the fourth quarter of the following year. At this point, all the statistical, accounting and administrative information needed and available for GDP accounting is basically available. Compared with the previous step, it utilizes more comprehensive and detailed information, so this GDP data appears to be more accurate.
In addition, GDP data also need to go through a historical data adjustment process, that is, when new sources of information, new classifications, more accurate accounting methods or more reasonable accounting principles are found or produced, historical data adjustments have to be made to make each year's GDP comparable, which is an international practice. For example, the United States has made 11 historical data adjustments between 1929 and 1999.
In short, the GDP published in each time period has its own meaning and specific value at a particular stage, and one cannot suspect that there is a problem with the statistics just because the data published at different times are different. Of course, there are some shortcomings in our GDP calculation system, for example, the statistical accounting system native to the former Soviet Union and Eastern European countries, which has long been used in our country, has lagged behind the times in many places from a practical point of view.
Note:
1, a certain period of time emphasizes the "new" increase in the final product and the provision of services during the year, not counted in previous years. For example, second-hand cars, second-hand houses, etc. are not counted in this year's GDP.
2, intermediate products can be considered a raw material products, is used in the production of final products, that is to say, it is produced in the current year, but also in the year to continue to process the production; if it is placed on the price of goods sold directly to the consumer to buy and directly with, that is a different story, is a special case, counted in the total value of the otherwise not be counted.
3, this is a flow of concepts, not the concept of stock, not this year's published figures from the founding of the country to the present total, which is wrong, it refers only to the period of the new production of things.
4, the market value means that the currency as a unit of statistics to the formation of the total amount of money, because there are too many types of commodities, tons, a, pieces, units and so on can not be summed up, so with the year's monetary unit to statistics and sum. The so-called monetary unit of the year refers to the price of these commodities in the year.
Analysis of GDP Indicators
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A significant increase in a country's GDP reflects the country's booming economy, increased national income, and increased spending power. In this case, the country's central bank will likely raise interest rates and tighten the money supply, and the country's good economic performance and rising interest rates will increase the attractiveness of the country's currency. On the flip side, if a country's GDP growth is negative, it shows that the country's economy is in recession and its spending power is reduced. At this point, the country's central bank will likely cut interest rates to stimulate renewed economic growth, and a decline in interest rates coupled with poor economic performance will make the country's currency less attractive. Thus, in general, high economic growth rates drive up the exchange rate of the country's currency, while low economic growth rates cause the exchange rate of the country's currency to fall. For example, 1995 - 1999, the average annual growth rate of U.S. GDP was 4.1%, while the 11 countries in the euro zone, in addition to Ireland (9.0%) higher, France, Germany, Italy and other major countries, the GDP growth rate of only 2.2%, 1.5% and 1.2%, much lower than the U.S. level. This prompted the euro since the launch of January 1, 1999, the exchange rate against the U.S. dollar all the way down, in less than two years depreciated by 30%. But in reality, the impact of differences in economic growth rates on exchange rate movements is multifaceted:
One, a country with a high rate of economic growth means higher incomes and a higher level of domestic demand, which will increase the country's imports, leading to a current account deficit, which, in turn, will cause the exchange rate of the national currency to fall.
Two, if the country's economy is export-oriented, economic growth is to produce more exports, the growth of exports will make up for the increase in imports, slowing the downward pressure on the exchange rate of the national currency.
Third, a country's economic growth rate is high, meaning that labor productivity increases very quickly, the cost of reducing, thus improving the competitive position of domestic products and help to increase exports, inhibit imports; and high economic growth rate of the country's currency in the foreign exchange market is favored, so the country's currency exchange rate will have a tendency to rise.
In the U.S., the Department of Commerce is responsible for analyzing the GDP, which is routinely estimated and counted on a quarterly basis. Each time the preliminary estimates are released, there are two revisions (the first revision & the final revision), which are published in the third week of each month. Gross Domestic Product (GDP) is usually used to compare with the same period last year, if there is an increase, it means that the economy is faster, which is conducive to the appreciation of the currency; if there is a decrease, it means that the economy is slowing down, and there is a pressure to depreciate the value of the currency. In the case of the United States, a 3 percent growth in GDP is the ideal level, indicating a healthy economy, and above that level there is inflationary pressure; below 1.5 percent growth, the economy is slowing down and there are signs of a recession.
China's annual GDP - China's annual GDP per capita
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(1978-2007)
Domestic GDP per capita
Year GDP GDP Gross domestic product
(billion yuan) (yuan per capita)
1978 3645.2 381
1979 4062.6 419
1979 4062.6 419
1980 4545.6 463
1981 4891.6 492
1982 5323.4 528
1983 5962.7 583
1984 7208.1 695
1985 9016.0 858
1986 10275.2 963
1987 12058.6 1112
1988 15042.8 1366
1989 16992.3 1519
1990 18667.8 1644
1991 21781.5 1893
1992 26923.5 2311
1993 35333.9 2998
1994 48197.9 4044
1995 60793.7 5046
1996 71176.6 5846
1997 78973.0 6420
1998 84402.3 6796
1999 89677.1 7159
2000 99214.6 7858
2001 109655.2 8622
2002 120332.7 9398
2003 135822.8 10542
2004 159878.3 12336
2005 183084.8 14040
2006 209407.0 15931
2007 246619.0 18268
Note: GDP per capita reflects how well The affluence of people in a country
Total GDP reflects a country's economic strength and market size
World GDP and Ranking in All Years
Ranking of World Countries (Regions) by Total GDP Value in 1970 (except the USSR, according to the exchange rate at that time)
01----United States --------1,025.5 billion US dollars
02----Japan----------206.8 billion dollars
03----West Germany----------203.7 billion dollars
04----France----------147.0 billion dollars
05----United Kingdom----------123.6 billion dollars
06 --- Italy ---------1077 billion dollars
07 --- Canada ----------851 billion dollars
08 --- Australia ---------429 billion dollars
09 --- Mexico ----------396 billion dollars
10 --- Spain. ---------39 billion dollars
11---- Sweden-----------357 billion dollars
12---- Netherlands-----------351 billion dollars
13---- China-----------272 billion dollars ★★★★★
1980 World Ranking of countries (regions) in terms of total GDP (excluding the USSR, at the exchange rate at the time)
01----United States---------2,795.6 billion dollars
02----Japan---------1,027.9 billion dollars
03----West Germany-----------,282.61 billion dollars
04----France-----------6824 billion dollars
05----UK-----------5367 billion dollars
06---Italy----------4546 billion dollars
07----China-----------3015 billion dollars ★★★★★
08---Canada ----------2689 billion dollars
09---Spain ----------2218 billion dollars
10---Argentina ----------209 billion dollars
Ranking of the world's countries (regions) in terms of total GDP in 1990 (except for the Soviet Union, according to the exchange rates at the time)
01----United States---------5,803.3 billion dollars
02----Japan---------3,052.2 billion dollars
03----Germany---------1,547.0 billion dollars
04----France---------1, 219.8 billion dollars
05--Italy--------1,104.5 billion dollars
06----Britain-----------994.6 billion dollars
07--Canada----------5827 billion dollars
08--Spain---------- 511.5 billion dollars
09----Brazil-----------46.5 billion dollars
10----China-----------38.78 billion dollars ★★★★★
Ranking of the world's countries (regions) in terms of total GDP in 1995 (at the exchange rate at the time)
01----United States---. ------7,400.5 billion dollars
02----Japan---------5,292.9 billion dollars
03----Germany---------2,416.6 billion dollars
04----France---------1,525.7 billion dollars
05----United Kingdom - --------1,1032 billion dollars
06 -- Italy--------1,0661 billion dollars
07----China-----------7006 billion dollars ★★★★★
08----Brazil-----------6756 billion dollars
09- --- Canada ----------5760 billion dollars
10 --- Spain ----------5709 billion dollars
Ranking of the world's countries (regions) in terms of total GDP in 2000 (at the exchange rate at the time)
01----United States ---------9,8247 billion dollars
02 ---- Japan ---------4,766.1 billion dollars
03----Germany ---------1,875.2 billion dollars
04----United Kingdom ---------1,440.9 billion dollars
05----France ---------1,313.3 billion dollars
06----China---------1,0808 billion dollars ★★★★★
07--Italy--------1,0776 billion dollars
09--Canada----------7242 billion dollars
08----Brazil-----------5998 billion dollars
10---Mexico ----------5814 billion dollars
Reference: 2005 GDP of all world economies (USD, current prices)
United States 12455,067 million dollars
Japan 466,382.2 million dollars
Germany 273,109 million dollars
China $22288.62 billion ★★★★★
UK $22275.50 billion
France $19727.24 billion
Italy $17096.68 billion
Canada $10345.32 billion
Spain $1019.024 billion
India 7198.19 billion dollars
Korea 714.219 billion dollars
Mexico 692.961 billion dollars
Russia 6718.15 billion dollars
Brazil 5877.84 billion dollars
Netherlands 5813.18 billion dollars
Switzerland 366.986 billion dollars
Belgium 350.326 billion dollars
Turkey 363.299 billion dollars
Sweden 354.115 billion dollars
China Taiwan 345.928 billion dollars
Saudi Arabia 309.778 billion dollars
Austria 304.526 billion dollars
Poland US$299.150 billion
Indonesia US$287.216 billion
Norway US$283.920 billion
Denmark US$254.400 billion
South Africa US$240.151 billion
Greece US$213.697 billion
Ireland US$196.387 billion
Iran $ 1963.42 billion
Finland $193.175 billion
Argentina $ 183.309 billion
Hong Kong, China $ 177.721 billion
Thailand $ 176.602 billion
Portugal $ 173.085 billion
Venezuela 138.856 billion dollars
Reference: 2006 GDP of all world economies
Rank Country 06 GDP
1 USA 14,979,169
2 Japan 5,083,367
3 Germany 2,812,558
4 China 2,587,999 ★ ★★★★
5 United Kingdom 2,292,149
6 France 2,108,307
7 Italy 1,728,474
8 Spain 1,069,499
9 Canada 1,057,291
10 India 778,521
2007 World GDP Rankings
Based on the latest forecasts from the World 2007 Yearbook!
Rank Country GDP ($bn) GDP per capita ($)
1 USA 139800 46280
2 Japan 52900 41480
3 Germany 32800 39710
4 China 30100 2280 ★★★★★
5 UK 25700 42430
6 France 25200 41200
7 Italy 20900 35980
8 Spain 14100 30820
9 Canada 13600 41470
10 Russia 11400 8030
11 South Korea 9920 20240 <
12 Brazil 9340 4930
13 India 9280 830
14 Mexico 8850 8140
15 Netherlands 7560 45880
16 Australia 7460 3590
17 Belgium 4470 43010
18 Sweden 4470 48950
19 Switzerland 4310 57040
20 China Taiwan 3980 17520
21 Indonesia 3960 1590
22 Turkey 3860 5130
23 Norway 3760 80960
24 Poland 3750 9840
25 Austria 3710 37800
26 Saudi Arabia 3690 14250
27 Denmark 3060 56380
28 Greece 2630 23970
29 South Africa 2560 6090
30 Iran 2520 3560
31 Ireland 2480 58020
32 Finland 2360 45020
33 Argentina 2330 5840
34 Thailand 2270 3420
35 Portugal 2190 20620
36 Hong Kong, China 2050 29350
37 Venezuela 2020 7360
38 Czech Republic 1690 16560
39 Malaysia 1620 5950
40 Chile 1570 9450
41 Israel 1500 20880
42 Singapore 1410 32030
43 Romania 1370 6340
44 Nigeria 1350 926
45 Pakistan 1280 790
46 Hungary 1270 12740
47 Colombia 1270 2710
48 Philippines 1260 1380
49 Egypt 1160 1510 <
50 Algeria 1050 3090
51 Ukraine 1020 2200
52 New Zealand 1020 24420
53 Kazakhstan 900 5830
54 Vietnam 670 790
55 Slovakia 650 11850
56 Croatia 500 11050
57 Slovenia 420 21260
58 Bulgaria 360 4820
59 Iraq 360 1190
60 Lithuania 350 10250
61 Lebanon 240 674
62 Latvia 230 11010
63 Kenya 230 650
64 Estonia 190 14120
65 Jordan 150 2480
66 Uzbekistan 140 530
(As of Q1 2008, China's GDP has surpassed Germany's to become the world's 3rd largest.
Some German commentators believe that China's GDP is conservatively estimated at 10% to 20%. (In fact, China became the world's third largest GDP country at the end of 2007)
Note: The GDP rankings are for reference only.
GDP and Exchange Rates:
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Japan's GDP was $206.8 billion in 1970, $1,027.9 billion in 1980, $302.2 billion by 1990, $4,766.1 billion in 2000; and $4,663.8 billion in 2005. At first glance, one can't help but find it strange that during the 30 years from 1970 to 2000, Japan's GDP actually doubled 23-fold, with almost 80% growth per year; and from 2001 to 2005, even though Japan hitched a ride on China's economic express, with 2% economic growth per year, the absolute value of Japan's GDP in US dollars actually declined by $100 billion in US dollar terms.
What's going on here? It turns out that this is all the exchange rate trouble. 1995, the yen against the dollar once reached a maximum of 78:1. Later, with the bursting of the Japanese economic bubble, the yen against the dollar gradually fell back to 115-118:1, began to stabilize. So the strange phenomenon at the beginning of the article.
The author's idea was to use this phenomenon in Japan to predict the direction of China's GDP in the next 5 years. The following data are the values of China's GDP in RMB from 2000-2006.
Year RMB GDP (trillions) USD GDP (trillions) World Rank
2000 99215 1,0808 6
2001 109655 1,1590 6
2002 120333 1,2371 6
2003 135823 1,3720 7
2004 159878 16149 6
2005 183868 20546 5
2006 209407 26847 4
(Source: Economy section of the Global Times, January 26, 2007)
China is expected to overtake Germany as the world's third-largest country by next year.
So when can China overtake Japan to rank second in the world?
Say China's economic growth rate is 8% a year through 2015, and the yuan appreciates against the dollar by 4% a year. How will the country's GDP evolve at this point?
Year RMB GDP (trillions) USD GDP (trillions) World Ranking
2007 226160 30154 3
2008 244252 33923 3
2009 263792 38230 3
2010 284895 43035 3
2011 307686 48370 3
2012 332300 54475 2
2013 359884 61413 2
2014 388674 69036 2
2015 419767 77735 2
From the above table, it can be seen that by 2015 By 2015, it could be as high as nearly $80,000 billion. If measured by the parity coefficient at that time, it is expected to reach 10 trillion dollars, close to the total economic volume of the United States. (The World Bank puts the yuan's parity rate against the dollar at 2:1.)
But if you divide the absolute value by the population, even if the GDP reaches $10 trillion, the per capita figure will be about $7,000. That's still a long way to go, and it's estimated that the world's per capita ranking is still outside the 50th percentile! Than most European countries, as well as Northeast Asian countries, oil-producing countries in the Middle East and the richer countries in Latin America are still far behind. However, there is one thing that can be comforted, Taiwan can no longer be stubborn with us, the mainland blowing the wind it will have to be crooked to one side, the hope of peaceful unification will undoubtedly be greatly increased
.