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IMF WEO Database (Oct. 2016): BRIC and USA Nominal GDPs

Discussion in 'China & Asia Pacific' started by Martian, Oct 6, 2016.

  1. Martian

    Martian Captain SENIOR MEMBER

    Apr 16, 2010
    Likes Received:
    The IMF releases nominal GDP estimates every April and October of each year.

    For 2016, China's nominal GDP is about $11.4 trillion. China's nominal-GDP-growth slowed, because the Chinese currency is currently pegged to a basket of international currencies. Since the Euro plummeted, the Chinese Yuan also decreased in value against the US Dollar. However, the Euro has stopped depreciating (after Brexit and economic sanctions against Russia). This means the Chinese nominal GDP will resume its normal growth pattern of $1 trillion per year for 2017, which is an IMF-estimated total Chinese GDP of $12.4 trillion.

    Report for Selected Countries and Subjects | International Monetary Fund

    ricky123 likes this.

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