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In the year 1992, the Chinese Government started a quarterly estimation of the China GDP so as to know the Quarterly Gross Domestic Product of China. However, the China GDP was subsequently standardized successively after the development of the Chinese SNA so as to improve the methodology, the accounting procedure, the accounting classification, the data quality control process as well as the time duration involved in the China GDP estimation.
In the year 1992, the Chinese Government started a quarterly estimation of the China GDP so as to know the Quarterly Gross Domestic Product of China. However, the China GDP was subsequently standardized successively after the development of the Chinese SNA so as to improve the methodology, the accounting procedure, the accounting classification, the data quality control process as well as the time duration involved in the China GDP estimation.
The fact remains that the accumulated GDP for China is formed such that the GDP estimation is done according to different industries and also, using the expenditure approach which is still under periodic review and study.
[Post Image Courtesy of Stuart Miles at FreeDigitalPhotos.net]
THE CHINA GDP DATA FOR THE YEAR 2013 ARE AS FOLLOWS:
· 2013 China GDP (Gross Domestic Product): 9.24 Trillion USD
· 2013 China Population: 1.357 Billion
· 2013 China GDP Growth Rate: 7.7% Annual Change
· 2013 GDP Per Capita Income in other advanced Countries:
Ø Japan: 38,492.09 USD
Ø United States of America (USA): 53,142.89 USD
Ø Russia: 14,611.70 USD
THE CHINA GDP HISTORY (1994 – 2011) IS AS FOLLOWS:
· 1994: 567,034
· 1995: 737,638
· 1996: 868,061
· 1997: 963,449
· 1998: 1,028,046
· 1999: 1,089,113
· 2000: 1,196,598
· 2001: 1,322,059
· 2002: 1,454,405
· 2003: 1,643,279
· 2004: 1,933,264
· 2005: 2,265,831
· 2006: 2,737,707
· 2007: 3,494,214
· 2008: 4,524,536
· 2009: 5,017,084
· 2010: 5,937,084
· 2011: 7,281,423
DATA SOURCED FROM: The World Bank Records
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China GDP Per Capita and China GDP Growth By Year - The China GDP Total
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