IMF World Economic Outlook (WEO) April 2014 released

[Martian2]

The latest IMF World Economic Outlook (WEO) database has been updated. There are no surprises.

Link: World Economic Outlook Database | International Monetary Fund
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Wikipedia has updated their spreadsheet with the latest IMF WEO April 2014 data. Let's take a look.

In 2013, China became a $9.2 trillion economy. Japan fell below $5 trillion.

For 2014, China will become a $10 trillion economy. Japan is still below $5 trillion. Brazil, Russia, and India are each about $2 trillion.

Remarkably, China's economy is five times larger than either Brazil, Russia, or India. The Chinese economy is still growing faster than the other BRIC countries. This means the gap between China and the other BRICs will increase to six times larger in the near future.

Slowly, but inexorably, China is catching up to the U.S. economy. I think there is an upcoming revision to the way that the U.S. calculates its service economy. For example, investments in movies and software will be counted as part of the service GDP and no longer counted only when the movie tickets or DVDs are sold. This will provide a bump to U.S. GDP and make it harder for China to catch up.

Also, China's economy is slowing. It's about 7.5% economic growth this year. It could easily decelerate to 6% annually in the upcoming years. However, over the long term, China's currency should continue appreciating (due to U.S. political pressure). Thus, China will keep closing the distance between the U.S. and Chinese GDPs. It might take a few more years than people expected for China to match U.S. nominal GDP.

IMF GDP estimates between 2010 and 2019

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On the per-capita front, China's per-capita GDP will be $7,333 this year. By 2018, Chinese per-capita GDP will cross the $10,000 mark.

In 2009, China was ranked 102nd in the world in per-capita GDP. This year, China is ranked 82nd in the world. Given the relatively strong growth in the Chinese economy, China should keep rising through the per-capita GDP ranks.

IMF Per Capita GDP estimates between 2010 and 2019

 

[cnleio]

Economy data speak truth !

It means we can spend more money into new weapons develop and build more new toys, China need the powerful Navy and Airforce. It's very easy for China to maintain 5x Aircraft Carrier Strick Groups at the same time in the Navy.

 

[jarves]

Shit!! India still hasnt touched 2 trillion mark.

 

[cnleio]

Interesting ! ppl here just like dreaming day by day, selectively ignore the strict & true thread like this.

The economy determine nation strength, 100% truth.

 

[jarves]

Interesting ! ppl here just like dreaming day by day, selectively ignore the strict & true thread like this.

The economy determine nation strength, 100% truth.

Can you explain me what is the meaning of outlook here?? Countries have achieved these marks or this is just a prediction.

 

[OrionHunter]

Shit!! India still hasnt touched 2 trillion mark.

If we get back all the black money stashed abroad by these assholes, then we could even touch the $3 trillion mark!

 

[jarves]

If we get back all the black money stashed abroad by these assholes, then we could even touch the $3 trillion mark!

Indeed,Other reasons are depreciation of Rupee.We should focus only on maintaining high growth rate because then Rupee will also stat appreciating and loss will be nullified .
Vote for BJP.

 

[cnleio]

Can you explain me what is the meaning of outlook here?? Countries have achieved these marks or this is just a prediction.

Just like some member said again and again here inside other threads, unite Vietnam, Japan, Australia, India, Philippines etc to against Evil China blabla...bla. Simple and Naive ! Without strong economy support, they only make daydream.

 

[jarves]

Just like some member said again and again here inside other threads, unite Vietnam, Japan, Australia, India, Philippines etc to against Evil China blabla...bla. Simple and Naive ! Without strong economy support, only make daydream.

You should change your language translator.

 

[cnleio]

You should change your language translator.

I don't use any language translator, the English can not change one nation and enhance the economy, but science & technology and trade can work.

 

[jarves]

I do not use any language translator.

Then read my above post and see what i asked and what you replied??

 

[Edison Chen]

According to 林毅夫, China will still maintain a 7%~8% growth rate for next 20 years. China still have too much potential. We will have a $10,000 GDP per capital in 2018. Just 5 years.

$12,000 is the lower limit to define a high income economy. Can you believe? Although $10,000 is not good when comparing to developed country, but THIS IS ABOUT 1.4 TRILLION PEOPLE.

 

[OrionHunter]

Indeed,Other reasons are depreciation of Rupee.We should focus only on maintaining high growth rate because then Rupee will also stat appreciating and loss will be nullified .
Vote for BJP.

One way is to render all the present Rs1000 and Rs 500 currency notes as illegal tender to be returned to banks by a particular date. Then issue new notes in lieu, preferably plastic currency like some countries have done. People with black money stashed (under their mattresses and hidden cupboards) here and abroad will then rush in to exchange their millions in banks.

Then introduce a transaction tax for amounts above Rs 1 Lakh. Within a couple of years, hundreds of thousands of crores can be collected this way.

Stop/reduce subsidies like the right to food program which will cost the exchequer Rs 200,000 crores per year, half of which will be siphoned off by corrupt officials.

 

[Lil Mathew]

According to this data sheet Pakistan will cross 300 billion dollars in 2018 only.. according to some members here Pakistan already crossed that mark..

 

[shuttler]

Assuming there if no growth in China's economy until 2020, still at $10+ trillion (2014) - Heavens forbid!
india has to grow at a rate of roughly 31% annually to match China's 2014 GDP in 2020