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[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
This article lists countries alphabetically, with total government expenditure as percentage of Gross domestic product (GDP) for the listed countries. Also stated is the government revenue and net lending/borrowing of the government as percentage of GDP. All Data is based on the World Economic Outlook Databook of the International Monetary Fund.
Global map of total central government revenues, as share of GDP, 2022 [1] Global map of total central government expenditures, as share of GDP, 2022 [2] This is the list of countries by government budget. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1.
In 1997, economists at the International Monetary Fund pointed out that China’s economy was growing so fast it might be bigger than the US economy by 2017. That didn’t happen. China’s ...
The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. [29] China is the world's second largest economy by nominal GDP and since 2017 has been the world's largest economy when measured by purchasing power parity (PPP).
On 15 March 2022, Chinese Ambassador to the United States Qin Gang wrote an op-ed in The Washington Post stating that "conflict between Russia and Ukraine does no good for China", that "the sovereignty and territorial integrity of all countries, including Ukraine, must be respected; the legitimate security concerns of all countries must be ...
Before Russia's full-scale invasion on Feb. 24, 2022, China was Ukraine's biggest trade partner and it remains an important consumer of Ukrainian grain, sunflower oil and iron ore.
China's exports rose 12.7% in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday. The report came a day after former ...