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China's Guangdong province GDP hit $1.92 trillion in 2021,overtaking Korea and Canada, one step to Italy, ranking 9th in the world
2022-01-21 00:49 HKT
According to the statistics of the Guangdong Provincial Bureau of Statistics, the GDP of Guangdong Province will be about 1.92 trillion US dollars in 2021.
In 2020, the GDP of Guangdong Province ranks behind South Korea with a slight advantage. In that year, the GDP of Guangdong Province was about 11076.094 billion yuan, an actual increase of 2.3% year-on-year, equivalent to 1.6 trillion US dollars. During the same period, according to the information released by the Bank of Korea, the nominal GDP completed by the whole society of South Korea was about 1924.8 trillion won, a year-on-year contraction of 1% in real terms, equivalent to about 1.63 trillion US dollars.
On December 20, 2021, the South Korean government released the "2022 Economic Policy Direction", predicting that the country's GDP growth rate in 2021 will be 4%, reaching 1.7 trillion US dollars.
This means that Guangdong will surpass South Korea with an advantage of 0.22 trillion US dollars.
Not only that, Guangdong will also overtake another economic powerhouse, Canada.
The data shows that in 2020, the nominal GDP completed by the entire Canadian society is slightly more than 2.2 trillion Canadian dollars, which is equivalent to 1.64 trillion US dollars. Authoritative institutions predict that Canada's economic growth rate in 2021 is expected to be 5.4%, or it may reach 1.73 trillion US dollars.
In 2020, Canada and South Korea ranked ninth and tenth in the world in terms of total GDP.
This means that in 2021, Guangdong's GDP will rank among the "top ten in the world" for the first time, ranking "ninth".
In addition, Guangdong's total GDP is only one step away from Italy, which ranks eighth.
In 2020, the total GDP of Italy is 1.89 trillion US dollars, ranking eighth in the world. On December 1, 2021, the new "Economic Outlook" report released by the Organization for Economic Cooperation and Development, Italy's GDP in 2021 will achieve a strong growth of 6.3%. On November 17, 2021, the Italian Industry Association predicted that Italy's GDP may grow by 6.4% in 2021.
According to this calculation, the total GDP of Italy in 2021 is about 2.01 trillion US dollars, only 90 billion US dollars ahead of Guangdong.
It is worth mentioning that China only surpassed Italy in GDP in 2000.
2022-01-21 00:49 HKT
According to the statistics of the Guangdong Provincial Bureau of Statistics, the GDP of Guangdong Province will be about 1.92 trillion US dollars in 2021.
In 2020, the GDP of Guangdong Province ranks behind South Korea with a slight advantage. In that year, the GDP of Guangdong Province was about 11076.094 billion yuan, an actual increase of 2.3% year-on-year, equivalent to 1.6 trillion US dollars. During the same period, according to the information released by the Bank of Korea, the nominal GDP completed by the whole society of South Korea was about 1924.8 trillion won, a year-on-year contraction of 1% in real terms, equivalent to about 1.63 trillion US dollars.
On December 20, 2021, the South Korean government released the "2022 Economic Policy Direction", predicting that the country's GDP growth rate in 2021 will be 4%, reaching 1.7 trillion US dollars.
This means that Guangdong will surpass South Korea with an advantage of 0.22 trillion US dollars.
Not only that, Guangdong will also overtake another economic powerhouse, Canada.
The data shows that in 2020, the nominal GDP completed by the entire Canadian society is slightly more than 2.2 trillion Canadian dollars, which is equivalent to 1.64 trillion US dollars. Authoritative institutions predict that Canada's economic growth rate in 2021 is expected to be 5.4%, or it may reach 1.73 trillion US dollars.
In 2020, Canada and South Korea ranked ninth and tenth in the world in terms of total GDP.
This means that in 2021, Guangdong's GDP will rank among the "top ten in the world" for the first time, ranking "ninth".
In addition, Guangdong's total GDP is only one step away from Italy, which ranks eighth.
In 2020, the total GDP of Italy is 1.89 trillion US dollars, ranking eighth in the world. On December 1, 2021, the new "Economic Outlook" report released by the Organization for Economic Cooperation and Development, Italy's GDP in 2021 will achieve a strong growth of 6.3%. On November 17, 2021, the Italian Industry Association predicted that Italy's GDP may grow by 6.4% in 2021.
According to this calculation, the total GDP of Italy in 2021 is about 2.01 trillion US dollars, only 90 billion US dollars ahead of Guangdong.
It is worth mentioning that China only surpassed Italy in GDP in 2000.
