China’s gross domestic product is forecast to reach about $13.2 trillion in 2018, beating the $12.8 trillion combined total of the 19 countries that use the euro, according to data compiled by Bloomberg. Nextbigfuture calculates that China is already at $13.35 trillion and should end 2018 at $14.5 trillion. This would mean China would have more GDP than Eurozone plus another Spain.
The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.
China’s GDP was over 82.71 trillion yuan [$12.84 trillion] in 2017. The Exchange rate was 6.45 at the end of 2017.
At the end of March, 2018 China’s GDP is about 84.5 trillion yuan which is USD13.35 trillion at the 6.33 exchange rate.
In Match, 2018, China+Hong Kong + Macau GDP is UDS13.75 trillion.
Macau was at $55 billion in 2017.
China had 6.9% GDP growth in 2017 and the forecasts are for 6.8% in 2018 and 6.4% in 2019. With yuan exchange rates of 6.2 at the end of 2018 and 6.0 at the end of 2019. China’s inflation is about 1.5 to 2.0%.
China’s GDP would be projected as the following
Year GDP in RMB Exchange Nominal GDP GDP with HK and Macau 2018 90.0 trillion 6.2 14.54 trillion 14.94 trillion 2019 98 trillion 6.0 16.2 trillion 16.6 trillion 2020 108 trillion 6.0 18.0 trillion 18.5 trillion
From 2023 to 2027, the difference in the size of US and China economy will be plus or minus 10%. This will be within possible exchange rate fluctuations.
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.