It’s more than 14 times as big as it was in 1989. Elliot Smith @ElliotSmithCNBC. In 2016, the 2008 SNA was formally brought into use.[1]. China's economic growth has slumped to its lowest level in nearly three decades as the world's second largest economy feels the effects of a prolonged trade war with the United States. US tariffs having ‘major effect’ on companies ‘wanting to leave China’, says Trump . … [2] Xie Fuzhan, former Director, and Ma Jiantang, current Director of the NBS, both participated in Dr. Fengbo Zhang's research project in the 1980s, as assistant researcher and graduate student, respectively, of the Research Center of the SCC. Basic Info. U.S. national debt, on the other hand, tends to grow no matter what the economy is doing. If you'd like to use our visualization in books, magazines, reports, educational materials, etc. Send requests to: permissions@howmuch.net. dollar are based on the World Economic Outlook Database April 2019, the historical PPP GDP figures of Mainland China and exchange rates of Chinese yuan to Int'l. Even with science and technology as advanced as it is today, the single item survey is allowed at least ±3%, or a total of 6% deviation. Components of GDP by Industries (Revision based on the 4th Economic Census 2018), List of China GDP by three International organizations, comparison for percentage share of world nominal GDP, comparison of Nominal GDP per capita by year, comparison for percentage share of world nominal GDP, Comparative data of three International organizations, the historical PPP GDP figures of Mainland China and exchange rates of Chinese yuan to Int'l. The research systematically completed China's GDP and GDP per capita from 1952 to 1986 and analyzed growth rate, the change and contribution rates of each component. Switzerland gdp growth rate for 2019 was 0.93%, a 1.82% decline from 2018. From 1979 until 2010, China's average annual GDP growth was 9.91%, reaching a historical high of 15.2% in 1984 and a record low of 3.8% in 1990. we can issue a permission document, granting non-exclusive rights to reproduce, store, publish, & distribute. 1961 - 2019. GDP growth rate was negative in five and four years for China and India, respectively. GDP growth (annual %) World Bank national accounts data, and OECD National Accounts data files. Afterwards, following the development of SNA of China, quarterly GDP is successively standardized and improved in estimation methodology, accounting classification, accounting procedure, release time and data quality control. Report: World Development Indicators: Category: GDP Region: China: Source: World Bank: Stats. From agrarian economy to global superpower in half a century—China’s transformation has been an economic success story unlike any other. The U.S. economy is only 2.09 times bigger than it was in 1989. In China, the peak of 10.6% of GDP Growth over the past 7 years occurred in 2010. This is a change of 12.06% from one year ago. GDP Growth Rate in China averaged 1.75 percent from 2010 until 2020, reaching an all time high of 11.70 percent in the second quarter of 2020 and a record low of -10 percent in the first quarter of 2020. Eurozone in 2018 making China the world's third largest economy after the European Union and United States. We will email you when we're ready, just drop your address in the box. It’s important to keep in mind how these figures are all relative, and there are lots of other ways to measure and compare wealth between countries. 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