Hong Kong GDP Forecast: $32.830 Trillion in 2024, $34.340 Trillion projected for 2025 (PPP). GDP in China is estimated to be $32.830 Trillion international dollars at the end of 2024 in GDP PPP terms. Looking ahead to 2025, projections suggest Hong Kong's 2025 GDP estimate could be $34.3...
The actual 2020Q1 GDP was 20.32 trillion Yuan. Thus, the loss of Chinese GDP due to the COVID-19 epidemic may be estimated as the difference between the hypothetical and the actual GDP, that is, 2.8 trillion Yuan (US$405 billion), or 2.8 percent of the 2019 Chinese national GDP of 99...
Projections by IMF YearNominal GDP (billions $)PPP GDP (billions Int. $)Nominal GDP capita ($)PPP GDP capita (Int. $)Growth (%) USChinaUSChinaUSChinaUSChinaUSChina 2023 27,720.73 17,758.05 27,720.73 34,540.88 82,715 12,597 82,715 24,503 2.887 5.250 2024 29,167.78 18,273.36 29,...
Since the beginning of the year, China has seen economic progress both in terms of quantity and quality. Data from the National Bureau of Statistics (NBS) showed on April 16 that China's GDP recorded a year-on-year growth of 5.3 percent in the first quarter (Q1) of 2024. The national ...
The deficit-to-GDP ratio was kept at 2.8 percent, and central government revenue and expenditure were in line with budget projections, with expenditure slightly lower than the budgeted figure. A basic equilibrium was maintained in the balance of payments, and the RMB exchange rate remained stable...
Starting from a low base, India’s GDP is still barely an eighth relative to the U.S. and its growth is nowslowing from the 7% growth projectedto 6.8% in the 2023/24 fiscal year, as the global slowdown is likely to hurt exports. However, China’s GDP is already thre...
When compared to other emerging markets, China ranked second among BRIC countries in terms of GDP per capita. Future development According to projections by the IMF, per capita GDP in China will escalate from around 13,300 U.S. dollars in 2024 to 18,600 U.S. dollars in 2030. Major ...
our model projects China’s GDP growth to be 3.1%. While the 4% decline might be accurate, it does not reflect the underlying market price. Rather, intervention on the part of the government to prop up failing real estate firms and to keep housing units off the market mask what would ot...
CHINA’S GDP is expected to catch up with that of the United States in 2030, two years earlier than originally expected, said credit insurance company Euler Hermes, foreseeing that the COVID-19 crisis could accelerate the shift of the world’s economic balance eastward to Asia. ...
with each now being the other's second-largest trading partner. Acknowledging that GDP growth this year, and almost certainly next, will be relatively modest across Europe and the U.S. compared to China, the pragmatic ...