China surpassed Japan as the world’s second-largest economy in the second quarter of 2010. China’s economy should double Japan’s GDP late in 2013 or early in 2014 (less than 14 months).
Japan’s GDP has been going between a band of 470 trillion yen and 524 trillion yen (based on current prices) from 1996 to 2013. At the end 2012 it was about 490 trillion yen.
Japan’s exchange rate is now 101.7 yen to 1 US dollar. Japan’s GDP in nominal currency is below US$ 5 trillion.
Japan is forecast to have about +1.6% and +1.3% real GDP growth for 2013 and 2014.
China’s GDP (including Hong Kong and Macau) is likely to be about $9.8 trillion at the end of 2013 and will be about twice the size of Japan. China’s GDP including Hong Kong and Macau) is likely to be about $11.0 trillion at the end of 2014.
China had a GDP (not including Hong Kong and Macau) of 52 trillion yuan (8.28 trillion U.S. dollars, 8.6 trillion including Hong Kong and Macau) at the end of 2012.
Hong Kong has a GDP of 275 billion in 2013. Macau has a GDP of about 50 billion in 2013.
China should have a GDP of 57.4 trillion yuan at the end of 2013 (US$9.4 trillion, 6.1 exchange)
China should have a GDP of 64 trillion yuan at the end of 2014 (US$10.7 trillion, 5.9 exchange).
Japan’s GDP in yen at current prices from 1996 to 2010
Japan’s projected GDP for 2013 and 2014 according to Credit Suisse analysis.
If you liked this article, please give it a quick review on ycombinator or StumbleUpon. Thanks
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.