IMF projections for BRIC nominal GDP (2015-2019)

[Martian]

IMF: China's nominal GDP grows at $1 trillion per year

Primary source (IMF April 2015 World Economic Outlook database): Report for Selected Countries and Subjects

 

[blueblood]

Graphical projection of economies in 2020 by IMF

India might close the gap with the two largest economies.

 

[badguy2000]

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.

 

[CrYsIs]

what is with this fixation with the size of the economy.Think about per capita income.

 

[Martian]

what is with this fixation with the size of the economy.Think about per capita income.

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.

 

[punjab47]

what is with this fixation with the size of the economy.Think about per capita income.

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.

 

[t_co]

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.

 

[badguy2000]

Chinsm

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.

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.

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.

 

[LalTopi]

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.

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

 

[CrYsIs]

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.

I understand that,but per capita income is the better method of comparing two countries and the living standards of it's people.

 

[Srinivas_K]

Chinese GDP is growing at less than 4% !

 

[tarunraju]

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?

 

[blueblood]

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.

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.

 

[The enlightened]

Predicting that far out is useless.

 

[CrYsIs]

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.

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.

 

[blueblood]

As long as we trade with other countries,GDP nominal will always be the measure of the size of an economy.

And have I not mentioned the import and export of the country?

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.

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.

 

[CrYsIs]

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.

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.

 

[badguy2000]

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.

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.

 

[blueblood]

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.

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

 

[blueblood]

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.

Offcourse, Indian and US economies are overhyped.

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



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?