It is calculated as the total nominal GDP of a country, adjusted by the purchasing power of a basket of consumer goods, and dividing it by the total population. China reported that the country's GDP grew by 3.2% in the second quarter of this year, compared to a year ago — beating analysts' expectations and rebounding from the first quarter's contraction. Real Gdp: The GDP data inflation adjusted. Every tariff, news headline or presidential tweet can lead to, In the past, my approach towards investment quotes was mostly suspicious, indifferent and overall cynical. For the analysis of the other G20 economies, select a country page: US | Canada | Mexico | France | Germany | UK | Italy | Brazil | Argentina | Turkey | Australia | China | India | Japan | South Korea | Indonesia | Russia | South Africa | Saudi Arabia | EU | Euro Area, GDP Forecast | Inflation Forecast | Unemployment Forecast | Current Account Balance Forecast | Government Debt Forecast. The same GDP per capita, only adjusted to the cost of living in the region. Stock Market Capitalization to GDP for the U.S. China economic growth for 2018 was $13,894.82B, a 12.87% increase from 2017. Our tools allow individuals and organizations to discover, visualize, model, and present their data and the world’s data to facilitate better decisions and better outcomes. Current GDP growth rate YoY: 6.6% (2018) Average GDP growth rate: 8.3% (1961-2018) Maximum GDP growth rate: 19.3% (1970) Minimum GDP growth rate: -27.3% (1961) The Economy of China. Unable to delete the page because it has shortcuts referencing it at the following locations: Please delete these shortcuts first, then delete page itself. Current GDP per capita growth rate: 6.3% (2017), Average GDP per capita growth rate: 6.8% (1961-2018), Maximum GDP per capita growth rate: 16.1% (1970), Minimum GDP per capita growth rate: -26.5% (1961). Government bonds prices fall, and bonds yields rise. GDP is comprised of personal consumption, government spending, investments and net exports (exports minus imports). It’s the world’s leading exporter in USD, and a huge importer, second only to the United States. This indicator is a popular way for quality of life comparison between countries, higher GDP per capita indicates a greater standard of living. United States: Trade Deficit Widened to Record $84 Billion in August, IMF Global Growth Projections | Cautious Optimism Amidst COVID-19 Upsurge, Knoema Global Economic Outlook | Q2 2020 Explained. Four international agencies including WB, EIU, IMF, and UN give forecasts with the GDP Growth declining after 2018. The GDP data is calculated and published quarterly, usually by a local government bureau. According to the IMF's forecast, consumer price inflation (CPI) in India will grow to 4.1 percent in 2020, 0.7 percentage points up from an average... Knoema is the most comprehensive source of global decision-making data in the world. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. They were placed on your computer when you launched this website. Government officials and of central bank policymakers are greatly influenced by the GDP data. China is the second largest economy in the world by nominal GDP. The data is in market prices and does not account for changes in the CPI (Consumer Price Index). Thales Stock (HO): 4 Reasons Why it’s Still a Good Buy, Innovative Industrial Properties Stock (IIPR), 4 Ways You Can Benefit From U.S-China Trade War, VIX: Everything you Need to Know About the Fear Index, VIX: How to Profit From the Coronavirus Panic, The 3 Sectors That Will Benefit From The Coronavirus Pandemic, 3 Under-the-Radar Industries For Long-Term Investment, Some Negative Economic Data | Zutos Monthly #1, U.S-China Trade war Deal | Zutos Monthly #2, U.S-China Trade War: 4 Ways You Can Benefit From It, Average GDP growth rate: 8.3% (1961-2018).

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