gdp

asiaAlmost Static Global Economic Power Rankings From 2010-2030

China passed Japan in 2010 to become the second-largest economy in the world based upon nominal (exchange rate) GDP. China may not pass the United States to become the world’s largest economy until 2030 or later. In 2019, the IMF …

chinaChina GDP Growth Drops to 6.3%

China is reporting a GDP growth rate of 6.3% and unemployment of about 5.1%. The agricultural production situation is relatively good, and the summer grain has achieved a bumper harvest. The total output of summer grain this year has increased …

economic impactSeven Years of India GDP Growth Was Overstated at 7% Per Year Instead of 4.5%

Official Indian estimates placed annual average GDP growth between 2011-12 and 2016-17 at about 7 percent but new research estimates that actual growth may have been about 4.5 percent with a 95 percent confidence interval of 3.5 – 5.5 percent. …

carsSwitzerland Has Clean Energy and One Third of US CO2 Emissions Per Person

Switzerland gets 95% of its electricity from nuclear and hydroelectric power. Both nuclear and hydro have almost zero CO2 emissions. Switzerland has a population of 8.5 million people. Switzerland gets electricity from Hydropower plants, 56% and Nuclear power plants, 39%. …

agingChina Will Still Do Whatever It Takes to Catch Up

Senior Scientist at the University of Wisconsin-Madison, Yi Fuxian makes the case that China’s nominal GDP will peak at 84% of the US GDP in 2033. He is the author of Big Country with an Empty Nest and claims that …

chinaChina Needs Revamped Policy and a New Wave of Technology and Development

A Brookings research paper calculates that from 2008 to 2016, China has been overstating its GDP growth by about 1.7% per year. This would mean that China is now overstating its GDP by 20%. The investment and savings rate in …

chinaChina’s Provincial GDP for 2018

China’s National Bureau of Statistics has released GDP for each province for 2018. The provinces that are as rich as Guangdong and above the World Bank per capita $12,055 GNI per capita level to count as high income. The World …

economic impactUS 2019 GDP Growth Forecasted To Be Over 3.0%

Kevin Hassett, chairman of the president’s Council of Economic Advisers, forecasts US GDP growth will be over 3% in 2019. Hassett predicted 3.1 percent GDP growth for 2018. This would be correct if the fourth-quarter numbers come in as expected …