Did China s GDP surpass Germany s in 2007?

Updated on Financial 2024-02-29
8 answers
  1. Anonymous users2024-02-06

    In 2007, China's GDP did not exceed that of Germany, and China's total GDP is expected to surpass Germany this year to become the world's third largest economy.

    On April 10, after preliminary verification, China's GDP (gross domestic product) in 2007 was worth one trillion US dollars, and the economic growth rate reached more than the previous calculation, which made it closer to surpassing Germany and becoming the world's third largest economy.

    China's National Bureau of Statistics issued an announcement on the 10th, announcing the final verification results of 2006 GDP data and the preliminary verification results of 2007 GDP data, which increased the GDP growth rate in 2007 by one percentage point.

    Germany previously reported a total GDP of $ trillions in 2 0 0 7 years. On the question of when China will overtake Germany, China** has not commented on it, saying that China is much poorer per capita.

    Afp. On April 10, China said that although China's current GDP in 2007 totaled trillions of US dollars, according to new verification results, it still failed to surpass Germany to become the world's third-largest economy. However, Shen Minggao, an economist at Citibank in Shanghai, believes that an important factor is the depreciation of the renminbi against the euro.

    The renminbi is unlikely to depreciate significantly against the euro this year, so it should not be a big problem for China to overtake Germany in 2008.

    The National Bureau of Statistics issued an announcement on the 10th, announcing the final verification results of GDP (gross domestic product) data in 2006 and the preliminary verification results of GDP data in 2007. Among them, the National Bureau of Statistics raised the GDP growth rate in 2007 by one percentage point.

    Japan is the world's second largest economy", it can only be used for another three years at most, or even another two years.

    Last year, the top three countries in terms of world GDP were the United States (trillion), Japan (trillion) and Germany (trillion), while China (trillion) surpassed the United Kingdom (trillion) to become fourth in the world. Since the gap between China and Germany is very small, it can be assumed that China is now in third place in the world. In addition, the gap between China and Japan is trillions of dollars, and if China grows by 10% a year in the future, China will surpass stagnant Japan and become the world's second largest economy in three years.

    If the renminbi appreciates significantly before then, it will only take two years for Japan to fall to third place in the world. When you think that in 1989 China's GDP was only equivalent to that of Japan's Kyushu region, you can really feel the speed at which China has been catching up in the last 20 years, and the stagnation of Japan.

    Germany previously reported a total GDP of $ trillions in 2 0 0 7 years. On the question of when China will overtake Germany, China** has not commented on it, saying that China is much poorer per capita.

  2. Anonymous users2024-02-05

    No China is still the fourth in the world.

  3. Anonymous users2024-02-04

    The top 10 countries in terms of GDP in 2007 were the United States, Japan, Germany, China, the United Kingdom, France, Italy, Spain, Canada and Brazil. China's GDP reached US$3,250.8 billion (preliminary calculation), and its share of the world's GDP increased from 2006 to 20% of the United States' GDP. At the same time, the IMF predicts that China's total GDP is expected to surpass that of Germany in 2008, ranking third in the world.

    Gross Domestic Product (GDP) refers to the final result of the production activities of all resident units of a country (or region) in a certain period of time calculated by the market**, and is often recognized as the best indicator of a country's economic situation. GDP is an important comprehensive statistical indicator in the accounting system, and it is also the core indicator in China's new national accounting system, which reflects the economic strength and market size of a country (or region).

  4. Anonymous users2024-02-03

    In 2005, China's GDP was trillion, and in 2006, China's GDP was trillion, growing. China's GDP should be around one trillion yuan this year with a conservative projected growth of 8-9% in 2007 and a projected 4-5% appreciation of the RMB.

  5. Anonymous users2024-02-02

    The gross domestic product (GDP) of the People's Republic of China in 2007 was one trillion yuan.

    GDP is the abbreviation of Gross Domestic Product, which means gross domestic product, which refers to the sum of the market value of all final goods and services produced by a country (or region) within one year. As an important indicator to measure the overall strength of a country (or region).

    First, GDP is measured in terms of final goods and services, that is, the final value of final goods and services in that period. Generally, according to the actual use of the product, the product can be divided into intermediate products and final products.

    One of the forms of the final product: a variety of goods.

    The so-called final products refer to the goods and services that are produced within a certain period of time and can be directly consumed or used by people. This part of the product has reached the final stage of production, and can no longer be used as raw materials or semi-finished products in the production process of other products and services, such as consumer goods, capital goods, etc., and is generally sold in the final consumer goods market. Intermediate goods refer to goods and services such as raw materials, fuels, etc., that are used for the production of other products for reprocessing or resale.

    GDP must be calculated on the basis of the current final product, and intermediate goods cannot be included, otherwise it will cause double counting.

    Second, GDP is a concept of market value. The market value of the various final products is the value of the exchange reached in the market, which is measured in money and embodied through market exchange. The market value of a product is obtained by multiplying the unit price of this final product by its production.

    One of the forms of intermediate products: various fuels.

    Third, GDP generally refers only to the value resulting from market activity. Non-productive activities, as well as underground and black market transactions, such as domestic work, subsistence production, gambling and illegal drug trade, are not included in the GDP.

    Fourth, GDP is the value of the final product produced during the calculation period, and is therefore the flow rather than the stock.

    Fifth, GDP is not the actual amount of wealth in circulation, it is simply a standard monetary average to express the amount of wealth. However, it is not certain whether the things produced can be completely transformed into circulating wealth.

  6. Anonymous users2024-02-01

    GDP: PPP, $1.74 trillion (West: PPP, $ trillion; East: purchasing power parity, $144 billion) (1997 est.).

    Real GDP growth rate: , East West annual estimate).

    GDP per capita: PPP, 20 yuan, 800 (Gwangdong West: PPP - $23 600; East: PPP at 900 100) (1997 est.).

    GDP by sector:

    Agri: Industry:

    Services: Annual) Consumer ** Index of Inflation Rate: Annual).

    Labour Force: by Occupation: Industry 41, 3 Agricultural Services 56 (1995).

    Unemployment rate: 12 (1997 est.).

    Budget: Expenditure: US$832.1 billion including capital expenditure N/A (1995).

    Industry: West: the world's largest and technologically advanced tools for the production of steel, coal, chemical machinery, vehicles, cement, machinery, electronics, food and beverages; East: Metalworking, Chemicals, Lignite, Shipbuilding, Machinery Manufacturing, Food & Beverage, Textiles, Petroleum Refining.

    Growth rate of industrial production: 3 (1997).

    Electric capacity: 10,000 kilowatts (1995).

    Electricity Production: Billion kWh (1995).

    Electricity consumption per capita: 6,154 kWh (1995 est.).

    Agricultural By-product: Western: Potato, Beet, Wheat, Barley, Fruit, Cabbage, Cattle, Pig and Poultry; East: barley, wheat, rye, potatoes, beets, fruits; Pork, beef, chicken, milk, hidden.

    Exports: Total Value of Parsley: $521.1 billion (FOB 1996).

    Commodities: manufactured goods including machinery and machine tools, chemicals, vehicles, iron and steel products), agricultural products, raw materials, fuels, etc.

    Partners: European Union, France, United Kingdom, Italy, Netherlands, Belgium, Luxembourg, Austria, Eastern Europe, other Western European countries, United States, Japan, Netcard, OPEC, China, estimates).

    Imports: Cover Cover Total Value: $455.7 million (FOB 1996).

    Commodity: Raw materials for agricultural products for manufactured fuels Other years).

    Partners: European Union, France, Netherlands, Italy, Belgium, Luxembourg, United Kingdom, Austria, Eastern Europe, other Western European countries, United States, Japan, newly industrialized countries, OPEC, China, other years).

  7. Anonymous users2024-01-31

    2007 GDP (US$ 100 million) ranking:

    1 US 139800

    2 Japan 52900

    3 Germany 32800

    4 China 30100

    5 United Kingdom 25700

    6 France 25200

    7 Italy 20900

    8 Spain 14100

    9 Canada 13600

    10 Russia 11400

    11 South Korea 9920

    12 Brazil 9340

    13 India 9280

    14 Mexico 8850

    15 Netherlands 7560

    16 Australia 7460

    17 Belgium 4470

    18 Sweden 4470

    19 Switzerland 4310

    20 Taiwan 3980

    21 Indonesia 3960

    22 Turkey 3860

    23 Norway 3760

    24 Poland 3750

    25 Austria 3710

    26 Saudi Arabia 3690

    27 Denmark 3060

    28 Greece 2630

    29 South Africa 2560

    30 Iran 2520

    31 Ireland 2480

    32 Finland 2360

    33 Argentina 2330

    34 Thailand 2270

    35 Portugal 2190

    36 Hong Kong, China 2050

    37 Venezuela 2020

    38 Czech Republic 1690

    This is the total GDP. The United States has always been number one, but now it is slowing its growth. The second is Japan, which also held the second place for a long time and is now replaced by China.

    The third is Germany, and the fourth is China, and it is worth mentioning that China's GDP ranked sixth in the world at the beginning of 2 0 0 0 0, and it is now second in just over a decade. After that, Britain and France and other countries basically remained unchanged in their rankings, but Russia, India, and Brazil have developed rapidly in recent years, and are called the BRIC countries together with China.

    As for the upstairs, I can only say that he is talking nonsense, because Russia has been ranked last since the disintegration of the Soviet Union, and it is impossible to get to second place, while Japan has been ranked second for about half a century.

    Hope mine is helpful to you,.

  8. Anonymous users2024-01-30

    The United States is first, Russia seems to be second, Japan is third, Germany is fourth... In short, in terms of work income and medical care, China and the United States are very different, and the rest is okay, not much different, it seems that there is another thing that China is higher than the United States. I forgot what it was...

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