Historical GDP of the People's Republic of China in the context of "Economy of Beijing"

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⭐ Core Definition: Historical GDP of the People's Republic of China

This article includes a list of China's historical gross domestic product (GDP) values, the market value of all final goods and services produced by a nation in a given year. The GDP dollar estimates presented here are either calculated at market or government official exchange rates (nominal), or derived from purchasing power parity (PPP) calculations. This article also includes historical GDP growth. Unless otherwise specified, the GDP per capita here is based on the average population. The annual average population or mid-year population is the average of the resident population at the end of the two consecutive years.

In 1985, the State Council of China (SCC) approved the establishment of a SNA (System of National Accounting), using GDP to measure the national economy. China started to study and then implement a new system of national economic accounting. In 1986, as the first citizen of the People's Republic of China to receive a Ph.D. in economics from an overseas country, Fengbo Zhang headed Chinese Macroeconomic Research - the key research project of the seventh five-year plan, as well as completing and publishing the Chinese GDP data according to China's own research and calculations. A summary of the above events has been included in the book "Chinese Macroeconomic Structure and Policy" (June 1988) edited by Fengbo Zhang, and collectively authored by the Research Center of the SCC. This is the first GDP data which was published by China.

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👉 Historical GDP of the People's Republic of China in the context of Economy of Beijing

The economy of Beijing ranks among the most developed and prosperous cities in China. In 2013, the municipality's nominal gross domestic product (GDP) was CN¥1.95 trillion (US$314 billion). It was about 3.43% of the country's total output, and ranked 13th among province-level administrative units. Per capita GDP, at CN¥93,213 (US$15,051) in nominal terms and Int $21,948 at purchasing power parity, was 2.2 times the national average and ranked second among province-level administrative units.

As of 2021, Beijing's gross regional products was CN¥4 trillion ($965 billion in GDP PPP), ranking among the 10th largest metropolitan economies in the world. Beijing's nominal GDP is projected to reach US$1.1 trillion in 2035, ranking among the top 10 largest cities in the world (together with Shanghai, Guangzhou and Shenzhen in China) according to a study by Oxford Economics, and its nominal GDP per capita is estimated to reach US$45,000 in 2030.

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