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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 is a sorted list of Asian countries according to their rank, with their factual and estimated gross domestic product data by the International Monetary Fund. [1] The top 3 largest economies in Asia are China, Japan and India.
GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing the domestic market of a state because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates, which may distort the real differences in per capita ...
Rank Country GDP (millions of USD) 1 China 17,700,899 2 Japan 4,230,862 3 India 3,732,224 4 South Korea 1,709,232 5 Australia 1,687,713 6 Indonesia 1,417,387 7 Taiwan ...
This is a list of Commonwealth of Nations countries by GDP in nominal values. Gross domestic product is the value of all final goods and services produced within a nation in a given year. The GDP dollar estimates presented here are calculated at market or government official exchange rates. Values are given in millions of US dollars. Dependent ...
That means China’s fertility rate is now even lower than Japan’s, a country long known for its ageing society. A nurse cares for a newborn at the Women and Children's Hospital in Fuyang City ...
This list of countries by largest GDP shows how the membership and rankings of the world's ten largest economies as measured by their gross domestic product has changed. . While the United States has consistently had the world's largest economy for some time, in the last fifty years the world has seen both rises and falls in relative terms of the economies of other count
The following are international rankings of China. Agriculture Field ... Rank Date GDP (nominal) 2: 2023 ... Rank Date Countries bordered, 14: 1: 2023 Land area: 2: