GDP by Province in China

Here is an update on the GDP nominal and purchasing power parity (PPP) for the different provinces within China. The figures are for 2013 and have the PPP adjustment from April 2014 by the IMF and World Bank.

Nextbigfuture projections for total China GDP in RMB were off by 3.5%. 57 trillion yuan instead of 59 trillion. The yuan is also not strengthening as much as Nextbigfuture was expecting. China’s GDP growth is looking to about 7.3% in 2014 and 7.0% in 2015. The yuan will be at about 5.9 to 6.05 to the US dollar in 2015.

The biggest unknown in future nominal GDP projections for China is what will happen with the exchange rate.
There is reason to believe that the yuan will rise as an alternative reserve currency.
However, it seems like the yuan will appreciate very slowly if it all for the next several years.
GDP growth is slowing into the 5-7% range.


Year GDP(yuan) GDP growth USD/CNY China GDP China+HK US GDP   


2013     57     7.7        6.1     9.4        9.7       16.5
2014     63     7.3        6.1    10.4       10.8       17.4
2015     67     7.0        6.0    11.4       11.8       18.2
2016     73     6.8        5.9    12.4       12.8       18.8
2017     80     6.5        5.8    13.8       14.2       19.2
2018     87     6.5        5.7    15.3       15.8       20.2
2019     95     6          5.6    17         17.5       21.2
2020    103     6          5.5    18.8       19.3       22.2
2021    112     6          5.4    20.7       21.2       23.4
2022    122     6          5.3    23         23.5       24.5
2023    132     6          5.2    25.4       26         25.6
2024    143     6          5.1    28         29         26.7
2025    154     5.5        5      31         32         27.9
2026    165     5.5        5      33         34         29.2
2027    177     5.5        5      35.4       36         30.5
2028    189     5          5      37.8       39         31.9
2029    201     5          5      40.5       41         33.3
2030    215     5          5      43         44         34.8

Subscribe on Google News