IMF projections for BRIC nominal GDP (2015-2019)

Discussion in 'China' started by Martian, Aug 3, 2015.

  1. Martian

    Martian Respected Member Senior Member

    Joined:
    Sep 25, 2009
    Messages:
    1,344
    Likes Received:
    262
    Location:
    Boston
  2.  
  3. blueblood

    blueblood Senior Member Senior Member

    Joined:
    Jan 28, 2011
    Messages:
    1,871
    Likes Received:
    1,427
    Graphical projection of economies in 2020 by IMF


    IMF.png

    India might close the gap with the two largest economies.
     
  4. badguy2000

    badguy2000 Respected Member Senior Member

    Joined:
    May 20, 2009
    Messages:
    4,957
    Likes Received:
    613
    Ppp does not matter,nor does NOMINAL gdp. What matter is manufacturing,farming,mining and construction. Those are resource of wealth.without wall street bond and west over_priced lawsuit medical service,people can live a better life. Without manufacturing,farming,mining and construction,one would return to stone age.
     
    Last edited: Aug 4, 2015
    SANITY, CrYsIs, pmaitra and 3 others like this.
  5. CrYsIs

    CrYsIs Regular Member

    Joined:
    Apr 13, 2013
    Messages:
    875
    Likes Received:
    463
    Location:
    NA
    what is with this fixation with the size of the economy.Think about per capita income.
     
  6. Martian

    Martian Respected Member Senior Member

    Joined:
    Sep 25, 2009
    Messages:
    1,344
    Likes Received:
    262
    Location:
    Boston
    The size of an economy determines national power. For example, how many missiles can China produce each year? The answer is 10,000 annually during peacetime.

    By the way, PPP is a useless measure. There is no such thing as a PPP dollar. You cannot buy a Boeing aircraft or a French Rafale with PPP dollars. In the real world, only nominal U.S. dollars are used in transactions.
     
    Sylex21 likes this.
  7. punjab47

    punjab47 महाबलामहावीर्यामहासत्यपराक्रमासर्वाग्रेक्षत्रियाजट Banned

    Joined:
    Jul 31, 2015
    Messages:
    1,059
    Likes Received:
    493
    Which is also a nonsense number, as USA can add trillions for healthcare & banking which are net negatives.

    Besides we don't believe in the individual only you christian do.

    Better to look at total size, as that shows geopolitical strength & standing. You want cars drugs & for your sister to be 'free'

    We want nukes missles & caspian sea.
     
  8. t_co

    t_co Senior Member Senior Member

    Joined:
    Dec 20, 2012
    Messages:
    2,537
    Likes Received:
    699
    Location:
    China
    China's GDP can't grow at 7% per year. A more realistic estimate is 3-4% per year until consumption catches up and cities/corporates finish paying off their current debt load.
     
    LalTopi likes this.
  9. badguy2000

    badguy2000 Respected Member Senior Member

    Joined:
    May 20, 2009
    Messages:
    4,957
    Likes Received:
    613
    Chinsm
    china can keep growing faster until its urbanization is finished,that is,70% of chinese live in urban area.....that won't be finished in 10-20years.
     
  10. LalTopi

    LalTopi Regular Member

    Joined:
    Mar 28, 2012
    Messages:
    582
    Likes Received:
    299
    In which case you had better 'vote' out your current government as their policies favour moving over to a services based economy instead of a manufacturing/farming/mining one.

    http://www.scmp.com/business/econom...tor-draws-bulk-FDI-manufacturing-loses-allure
     
  11. CrYsIs

    CrYsIs Regular Member

    Joined:
    Apr 13, 2013
    Messages:
    875
    Likes Received:
    463
    Location:
    NA
    I understand that,but per capita income is the better method of comparing two countries and the living standards of it's people.
     
  12. Srinivas_K

    Srinivas_K Senior Member Senior Member

    Joined:
    Jun 17, 2009
    Messages:
    4,674
    Likes Received:
    3,351
    Chinese GDP is growing at less than 4% !
     
  13. tarunraju

    tarunraju Moderator Moderator

    Joined:
    Sep 18, 2009
    Messages:
    5,316
    Likes Received:
    3,888
    Location:
    Hyderabad
    Are we going to grow about 32% over the next 4 years? How can we do that with a Congi land-bill that protects their benami fiefdoms and lack of GST?
     
  14. blueblood

    blueblood Senior Member Senior Member

    Joined:
    Jan 28, 2011
    Messages:
    1,871
    Likes Received:
    1,427
    What kind of BS is this?

    1.25 billion people in India are earning and spending in rupees. India is already one of the cheapest places to live in, if not the cheapest. $20 billion dollars worth of jets over the period of 7-8 years is not even a valid argument.

    Nominal GDP is a good measure for import and export of a country. India's domestic consumption is more than that.

    Funny that PPP is never a useless measure when China becomes the largest "real" economy.
     
  15. The enlightened

    The enlightened Regular Member

    Joined:
    Jan 19, 2012
    Messages:
    415
    Likes Received:
    200
    Predicting that far out is useless.
     
  16. CrYsIs

    CrYsIs Regular Member

    Joined:
    Apr 13, 2013
    Messages:
    875
    Likes Received:
    463
    Location:
    NA
    As long as we trade with other countries,GDP nominal will always be the measure of the size of an economy.

    And India's position of being the cheapest place is nothing to celebrate about,it just goes on to show how poor the country really is.
     
  17. blueblood

    blueblood Senior Member Senior Member

    Joined:
    Jan 28, 2011
    Messages:
    1,871
    Likes Received:
    1,427
    And have I not mentioned the import and export of the country?

    So according to your logic, cheaper is equal to poor and vice versa.

    If that's the case, then Venezuelan people are richer than Americans because last time I checked basic necessities were quite expensive there.

    And people in Zimbabwe, CAR etc are less poor than those in India.

    Sounds cool.
     
    Samar Rathi likes this.
  18. CrYsIs

    CrYsIs Regular Member

    Joined:
    Apr 13, 2013
    Messages:
    875
    Likes Received:
    463
    Location:
    NA
    The countries you mentioned are an exception and not the norm.When you grow wealthier your needs and wants too increases exponentially which increases the cost of living.

    India is cheap simply because majority of people are willing to work at slave wages.
     
  19. badguy2000

    badguy2000 Respected Member Senior Member

    Joined:
    May 20, 2009
    Messages:
    4,957
    Likes Received:
    613
    60%+ of USA's GDP is service sector,such as virtual rent, wall street poisonous bond,overpriced lawsuit service and medical service...etc
    60+% of India GDP is service sector, such as grocery,hair-cut,call center...etc


    however,only 40% of CHina's GDP is service sector.

    most of CHina's GDP is manufacturing,mining,construction and farming,which is decisive sector to measure one country's economy might.

    that is why auto sale,concrete sale,house sale and almost all sales(even film sale) in CHina has surpasssed those in USA while CHina's nominal GDP is only 60% of USA's


    that is also why india's auto sale is only 1/10 of CHina's while india's GDP is 1/5 of CHina's
    india's steel sale is only 1/10 of CHina's
    india's AC sale is also only 1/10 of CHina's


    in a word,

    GDP overmeasures the economy might of USA and India ,which include too many "unhelpful" service sectors into GDP as possible as they can;
    and it underemeasures the economy might of CHina,which excludes soo many service sectors from GDP as possible as it can.

     
    Last edited: Aug 4, 2015
  20. blueblood

    blueblood Senior Member Senior Member

    Joined:
    Jan 28, 2011
    Messages:
    1,871
    Likes Received:
    1,427
    Since your made up logic is now the "word".

    Let me guess,

    People in Detroit are richer than the ones in Berlin.

    People in Nairobi are than richer than the ones in Mumbai, Kuala Lumpur, Prague etc.

    People in Shanghai are richer than than the ones in Berlin, Ottawa, Vienna and many more.

    http://www.expatistan.com/cost-of-living/index
     
    TrueSpirit2 and Samar Rathi like this.
  21. blueblood

    blueblood Senior Member Senior Member

    Joined:
    Jan 28, 2011
    Messages:
    1,871
    Likes Received:
    1,427
    Offcourse, Indian and US economies are overhyped.

    And China keeps fudging numbers to project their economy as the smaller one.

    :truestory:

    The disparity between India and China is because of the different state the the economies are in. China is now a middle income country and India is not. Average Chinese can spend much more on luxury than your average Indian because of the disposable income.

    The difference between the disposable income of Indians and Chinese is huge, between per capita income is not.

    Is it really that difficult to understand?
     
    SANITY, Samar Rathi and pmaitra like this.

Share This Page