This article covers a list of the gross domestic product value (GDP) of China historically (with the latest reaching above $ 14 trillion USD for 2018), the market value of all final goods and services produced by a nation in a given year. The estimated GDP dollars presented here are calculated based on the official market or government exchange rate (nominal), or derived from the purchasing power parity calculation (PPP). This article also includes historical GDP growth.
In 1985, the State Council of China ( SCC ) approved the formation of SNA (National Accounting System), using GDP to measure the national economy. China began to study and then implemented a new system of national economic accounting. In 1986, as the first citizen of the People's Republic of China to receive a Ph.D. in the economies of the opposite country. Fengbo Zhang > lead Chinese Macroeconomic Research - the main research project of the seventh five-year plan, as well as finalizing and publishing China's GDP data in accordance with research and calculation China itself. The above summary of events has been included in the book "Chinese Macroeconomic Structure and Policy" (June 1988) edited by Fengbo Zhang, and collectively written by the SCC Research Center. This is the first GDP data published by China.
The study used the World Bank method as a reference, and made many appropriate adjustments based on China's national conditions. GDP has also been converted to USD-based data by utilizing the moving average exchange rate. The study systematically completed GDP and GDP per capita of China from 1952 to 1986 and analyzed the growth rates, changes and contribution levels of each component. The study also includes international comparisons. In addition, the study compared MPS and SNA, looking at the results of both systems from Chinese economic analysis. This achievement created the foundation for Chinese GDP research.
SCC issued a "Notice on the application of the National Accounting System" in August 1992, the Western SNA system was officially introduced to China, replacing the Soviet Union MPS system, the economic indicator of West GDP being the most important economic indicator of China. Based on research Dr. Fengbo Zhang, in 1997, the China National Bureau of Statistics (NBS), in collaboration with Hitotsubashi University of Japan, recovered China's GDP data from 1952 to 1995 based on the SNA principal. In 2016, SNA 2008 officially began to be used.
When comparing GDP measurements of Fengbo Zhang in the 1980s and GDP in 1997 by the NBS and Japanese cooperative research, both were found to be very consistent; the deviation rate every year is very small, between only 0.1% and 7%. During this period, there were many data adjustments, with weighting factors undergoing significant changes along with comparable price amendments each year, statistical methods of significant changes resulting in substantial deviations. Even with advanced science and technology like today, single item surveys are allowed at least Ã, Â ± 3%, or a total of 6% deviation. Despite the extremely difficult conditions of a shattered economy, empty theory, lack of data, and simple methods in the 1980s, there was little deviation for long periods of time and completeness of national economic indicators, suggesting that research was undertaken by Fengbo Zhang with support from the group the extent that he practiced was very strict, and the results were very precise. Xie Fuzhan, former Director, and Ma Jiantang, current NBS Director, both participated in the research project. Fengbo Zhang in the 1980s, as research assistant and graduate student, respectively, from the SCC Research Center.
Video Historical GDP of China
Status sekarang
By 2017, China's nominal GDP based on the Expenditure approach is 82.7122 trillion yuan of China or $ 12.84 trillion US dollars (SNA2008). China's nominal GDP surpassed Italy in 2000, France in 2005, Britain in 2006 and Germany in 2007, before surpassing Japan in 2010, making China the second largest economy in the world after the United States. But adjusting to buy power parity (PPP), China became the world's second largest economy in early 1999 beyond Japan, and has toppled America to become the largest economy since 2014.
From 1979 to 2010, China's average annual GDP growth was 9.91%, reaching a historic high of 15.2% in 1984 and a record low of 3.8% in 1990. Based on current prices, the country's average annual GDP growth in 32 years it is 15.8%, reaching a historical height of 36.41% in 1994 and a record low of 6.25% in 1999.
Maps Historical GDP of China
Chinese NBS Data
Annual GDP
Industrial GDP
Quarterly GDP
The quarterly estimate of China's quarterly GDP was formally established in 1992. Subsequently, following the development of Chinese SNA, quarterly GDP was successively standardized and upgraded in estimation methodology, accounting classification, accounting procedures, release time and data quality control. Accumulated quarterly GDP estimates are formed. Not only estimates of quarterly GDP by industry are set but also quarterly GDP estimates on expenditure approaches are being studied. Here is a list of quarterly GDP.
Comparative data from three international organizations
UN data
World Bank data
IMF data
Note
See also
External links
- Chinese Macroeconomic and Industrial Data
References
Further reading
- Ta-Chung Liu, Kung-Chia Yeh: The Mainland Economy of China. National Income and Economic Development, 1933-1959. Princeton N. J. Princeton University Press
Source of the article : Wikipedia
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