China GDP per capita PPP

The Gross Domestic Product per capita in China was last reported at 7598.84 US dollars in 2010, when adjusted by purchasing power parity (PPP), according to a report published by the World Bank. The GDP per Capita, in China, when adjusted by Purchasing Power Parity is equivalent to 35 percent of the world's average. Historically, from 1980 until 2010, China GDP per capita PPP averaged 2221.5100 USD reaching an all time high of 7598.8400 USD in December of 2010 and a record low of 249.9400 USD in December of 1980. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page includes a chart with historical data for China GDP per capita PPP.

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GDP per capita PPP
The gross domestic product dollar estimates given on this page are derived from purchasing power parity (PPP) calculations. Using a PPP basis is arguably more useful when comparing generalized differences in living standards on the whole between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using just exchange rates which may distort the real differences in income. However, economies do self-adjust to currency changes over time, and technology intensive and luxury goods, raw materials and energy prices are mostly unaffected by difference in currency (the latter more by subsidies), despite being critical to national development, therefore, the sales of foreign apparel or gasoline per liter in China is more accurately measured by the nominal figure, but everyday food and haircuts by PPP. The gross domestic product per capita is the value of all final goods and services produced within a nation in a given year divided by the average (or mid-year) population for the same year. The gross domestic product (GDP) is one of the measures of national income and output for a given country's economy. GDP can be defined in three ways, all of which are conceptually identical. First, it is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production (the intermediate stages) by all the industries within a country, plus taxes less subsidies on products, in the period. Third, it is equal to the sum of the income generated by production in the country in the period—that is, compensation of employees, taxes on production and imports less subsidies, and gross operating surplus (or profits).

CHINA NEWS

China's Inflation Rate Down to 3.4% in April
Published: 5/11/2012 11:31:49 AM By: TradingEconomics.com, National Bureau of Statistics of China
In April, the consumer price index (CPI) went up by 3.4 percent year-on-year. The prices grew by 3.4 percent in cities and 3.3 percent in rural areas.

China Trade Surplus Widens in April
Published: 5/10/2012 11:44:27 AM By: TradingEconomics.com, General Administration of Customs
China recorded a better-than-expected surplus of $18.42 billion in April. However, export and import growth slowed notably in April, as the European debt woes and slowing growth in emerging economies hampered demand.

China's GDP at 3 Year Low in Q1
Published: 4/13/2012 10:27:32 AM By: TradingEconomics.com, National Bureau of Statistics of China
China's GDP in the first quarter of 2012 was 10,799.5 billion yuan, a year-on-year increase of 8.1 percent. The value added of the primary industry was 692.2 billion yuan, up by 3.8 percent; that of the secondary industry was 5,145.1 billion yuan, up by 9.1 percent; and that of the tertiary industry was 4,962.2 billion yuan, up by 7.5 percent. In the first quarter of 2012, the gross domestic product went up by 1.8 percent on quarterly bases.

China's Inflation Rate Up to 3.6% in March
Published: 4/10/2012 11:47:42 AM By: TradingEconomics.com, National Bureau of Statistics of China
In March, the consumer price index (CPI) went up by 3.6 percent year-on-year. The food prices went up by 7.5 percent, while the non-food prices increased by 1.8 percent. The prices of consumer goods went up by 4.4 percent and the prices of services grew by 1.5 percent.

China Posts Unexpected Trade Surplus in March
Published: 4/10/2012 11:42:24 AM By: TradingEconomics.com
China returned to an export-led trade surplus of $5.35 billion in March, heralding the prospect that a rebound in the global economy is lifting overseas orders just in time to compensate for a slowdown in domestic demand.

China's Inflation Rate Down to 3.2% in February
Published: 3/9/2012 11:08:08 AM By: TradingEconomics.com, National Bureau of Statistics of China
In February, the consumer price index (CPI) went up by 3.2 percent year-on-year. The food prices went up by 6.2 percent while the non-food prices increased by 1.7 percent. The prices of consumer goods went up by 3.9 percent and the prices of services grew by 1.5 percent.

China's Economy Expands 8.9% in Q4
Published: 1/17/2012 12:17:38 PM By: TradingEconomics.com, Reuters
China's economy expanded at its weakest pace in 2-1/2 years in the fourth quarter, with the sagging real estate and export sectors heralding a sharper slowdown in coming months and fresh pro-growth measures from the government.

China's Trade Surplus Narrows in November
Published: 12/10/2011 1:08:15 PM By: TradingEconomics.com, General Administration of Customs
China's trade surplus narrowed in November, but was higher than expected, indicating the euro-zone crisis is having a real but still limited impact on Chinese exports.

China Inflation Rate Falls to 4.2 percent in November
Published: 12/9/2011 12:03:00 PM By: TradingEconomics.com, National Bureau of Statistics China
Inflation Rate in China eased to 4.2 percent in November from 5.5 percent in October, the National Bureau of Statistics said. The rate cooled for a fourth consecutive month, after peaking at 6.5 percent in July.

China's Trade Surplus Widens in October
Published: 11/10/2011 10:54:04 AM By: TradingEconomics.com, General Administration of Customs
China recorded a trade surplus of $17.03 billion in October, as exports rose 15.9 percent year-on-year to $157.49 billion, while imports increased 28.7 percent to 140.56 billion, according to the General Administration of Customs. The trade surplus was $14.51 billion in September.

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