Share Details. The GDP per Capita, in China, when adjusted by Purchasing Power Parity is equivalent to 91 percent of the world's average. 10Y 25Y 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. License: CC BY-4.0 Line Bar Map. 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 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. 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. https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP) 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. China's quarterly GDP estimation was formally established in 1992. 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. [5][2][6] 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. License: CC BY-4.0 Line Bar Map. To learn more about cookies, click here. To learn more about cookies, click here. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). 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. [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]. 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. Accumulated quarterly GDP estimation is formed. 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. GDP per capita, PPP (current international $) - China, United States from The World Bank: Data 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. China GDP (Gross Domestic Product) was INT$23,102.44billion for 2019 in PPP terms. This site uses cookies to optimize functionality and give you the best possible experience. 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. The research utilized the World Bank's method as a reference, and made numerous appropriate adjustments based on China's national condition.

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