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02 Jul 2010

China Ranks Third in GDP, Soon to Surpass Japan

by Dragon Team, dragonbn.com

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Revised numbers for China's gross domestic product (GDP) released by the National Bureau of Statistics indicate that China ranks third in GDP, slightly behind Japan. The United States is the country with the largest GDP.

China's 2009 GDP was about USD$4.985 trillion, just behind Japan’s 2009 GDP of about USD$5.068 trillion.

According to a Wall Street Journal report, China will likely surpass Japan later this year.

The GDP of the United States is almost three times that of China or Japan at about USD$14.26 trillion.

Note that if the European Union is considered as a single entity, it has a higher GDP than the United States, at about USD$16.447 trillion.


References

Wall Street Journal, China Realtime Report
http://blogs.wsj.com/chinarealtime/2010/07/02/chinas-gdp-...

National Bureau of Statistics in China GDP Report (in Chinese)
http://www.stats.gov.cn/tjdt/zygg/sjxdtzgg/t20100702_4026...


Comments

 


Carey Chambers | posted about 2 years ago

The Wall Street Journal questions the accuracy of China's GDP estimates in this new article:
http://blogs.wsj.com/chinarealtime/2011/06/10/chinese-gdp...

Carey Chambers | posted almost 3 years ago

China has now surpassed Japan to become number 2. Here's more info from Bloomberg:"China surpassed Japan as the world’s second-largest economy last quarter, capping the nation’s three- decade rise from Communist isolation to emerging superpower. Japan’s nominal gross domestic product for the second quarter totaled $1.288 trillion, less than China’s $1.337 trillion...."

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