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  1. Martian

    IMF projections for BRIC nominal GDP (2015-2019)

    I disagree. Over a long period of time (e.g. 5 to 10 years), a country's economic strengths and weaknesses reveal themselves. The US dollar has been strong for decades. Clearly, the US has the strongest economy in the world. China's currency has been appreciating for about 10 years (from 8.26...
  2. Martian

    IMF projections for BRIC nominal GDP (2015-2019)

    Look at the stability of the country's currency. If a country is consistently running large trade surpluses and has an appreciating currency, the nominal GDP truly reflects the economic strength and GDP of the country. China falls into this category. When you include the effect of inflation...
  3. Martian

    IMF projections for BRIC nominal GDP (2015-2019)

    The PC16 countries have collapsing currencies. Here are two examples from the larger economies. One US dollar used to buy 12.5 Mexican pesos. Today, one dollar buys 16.3 Mexican pesos. The Mexican Peso has lost 25% of its value in the last six months. One US dollar used to buy 10,000...
  4. Martian

    IMF projections for BRIC nominal GDP (2015-2019)

    You forgot to account for trade. Without trade, let's say China's economy is growing 5%. Since China's nominal GDP in 2014 was $10.4 trillion, let's take a look at the effect of trade. China's half-year trade merchandise surplus for 2015 is $263 billion. The full-year 2015 merchandise trade...
  5. Martian

    IMF projections for BRIC nominal GDP (2015-2019)

    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...
  6. Martian

    IMF projections for BRIC nominal GDP (2015-2019)

    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
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