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With China's 2014 GDP being US$ 10,356.508 billion, [14] [15] this makes the government debt of China approximately US$ 4.3 trillion. The foreign debt of China, by June 2015, stood at around US$ 1.68 trillion, according to data from the country's State Administration of Foreign Exchange (SAFE) as quoted by the State Council. [16]
Economist Paul Krugman has suggested the Maddison Project as a data source for historical debt, growth, and labor output and productivity data. [8] Our World In Data, a website with data-driven discussion of a number of topics related to long-run economic and human development, uses the Maddison Project as one of its data sources. [9]
From 1979 until 2010, China's average annual GDP growth was 9.91%, reaching a historical high of 15.2% in 1984 and a record low of 3.8% in 1990. Based on the current price, the country's average annual GDP growth in these 32 years was 15.8%, reaching an historical high of 36.41% in 1994 and a record low of 6.25% in 1999.
China has sustained growth due to export relations, its manufacturing sector, and low-wage workers. [99] China's was the only major world economy to experience GDP growth in 2020, when its GDP increased by 2.3%. [100] However, it posted one of its worst economic performances in decades because of the COVID-19 pandemic in 2022. [101]
Total (gross) government debt as a percent of GDP by IMF in 2024. General government debt in OECD (% of GDP) This is a list of countries by government debt. Gross government debt is government financial liabilities that are debt instruments. [1]: 81 A debt instrument is a financial claim that requires
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All other data are from the World bank with data for 2020. [7] GDP: Most data are from IMF World Economic Outlook Database, 2022. [8] Data for Afghanistan, Cuba, Lebanon, Pakistan, Syria, Ukraine, and World are from the World bank with data for 2020 or 2021. [7] The data for North Korea are copied from Economy of North Korea. The money supply ...
The holiday week opens with another rise in average rates on 30-year and 15-year fixed-term mortgages, trending higher after the Federal Reserve announced a third straight cut to its benchmark ...