Okay, we just had a more serious post, but here is another one I was thinking about the GDP development of China, so I played with the numbers. If China can sustain 8% growth per year, how will the numbers look in the near to mid term future? I did not take the population growth or inflation into account at all. 2008 numbers are taken from the CIA World Fact Book, which is a wonderful public domain resource (bookmark if you haven’t yet). Here we go….
|Year –||per capita GDP –||total GDP in millions of $US|
For comparison purposes 2008′s values for a number of countries sorted by per capita GDP.
|country –||per capita GDP –||total GDP in millions of $US|
|Hong Kong||$US 43,700||223,800|
- The money in China is not equally distributed. Living standards in the coastal regions could reach western levels in 20 years.
- Once the current recession is over, China could see a few years of 10%+ growth.
- It’s obviously still worth learning Chinese.
My numbers are pretty simplified. I just took the 2008 numbers and then added 8% growth each year. Whatever your interpretation of these numbers is or whatever your conclusions are feel free to add a comment.