In 2022, the gross domestic product (GDP) of China amounted to around 18.1 trillion U.S. dollars. In comparison to the GDP of the other BRIC countries India, Russia and Brazil, China came first that year and second in the world GDP ranking. In 2022, per capita GDP in China reached around 12,814 U.S. dollars.
For 2022, three years after all the Covid-19 disruptions, the US GDP has grown to $25.46 trillion, China's GDP to $18.1 trillion, and India's GDP to $3.39 trillion. The US and China have added GDP of $4.08 trillion and $3.76 trillion respectively in these three years.
Manufacturing, services and agriculture are the largest sectors of the Chinese economy – employing the majority of the population and making the largest contributions to GDP. Since 1949, the Chinese Government has been responsible for planning and managing the national economy.
Foreign Direct Investment (FDI) in China
China's trade and investment reforms and incentives led to a surge in FDI beginning in the early 1990s. Such flows have been a major source of China's productivity gains and rapid economic and trade growth.
In total, other territories hold about $7.4 trillion in U.S. debt. Japan owns the most at $1.1 trillion, followed by China, with $859 billion, and the United Kingdom at $668 billion.
Thus, the richest countries in the world are those with the highest GDP per capita. Currently, the richest country in the world in terms of GDP per capita is Luxembourg, with a GDP per capita of $135,700. Other wealthy countries include Bermuda, Ireland, and Switzerland, all with GDP per capita above $80,000.
1,411,750,000 (31 december 2022 est.) $19.373 trillion (nominal; 2023 est.) $33.014 trillion (PPP; 2023 est.)
TOKYO/BEIJING -- China's net worth reached $120 trillion in 2020 to overtake the U.S.'s $89 trillion as a red-hot real estate market drove up property value, according to a report by McKinsey Global Institute.
A major lender abroad, China is facing a debt bomb at home: trillions of dollars owed by local governments, their financial affiliates, and real estate developers.
An Associated Press analysis of a dozen countries most indebted to China — including Pakistan, Kenya, Zambia, Laos and Mongolia — found paying back that debt is consuming an ever-greater amount of the tax revenue needed to keep schools open, provide electricity and pay for food and fuel.
But other experts argue the risk of a hard landing is low. China has little overseas debt, and a high national savings rate. In addition, most of the debt is state owned – state-controlled banks loaned funds to state-controlled firms – giving the government the ability to manage the situation.
However, this has declined over time, and as of 2022 they controlled approximately 25% of foreign-owned debt. As of January 2023, the five countries owning the most US debt are Japan ($1.1 trillion), China ($859 billion), the United Kingdom ($668 billion), Belgium ($331 billion), and Luxembourg ($318 billion).
Rajah last year projected that while China would become the world's biggest economy by 2030, “its size advantage over America would be slim and it would remain far less prosperous and productive per person than the United States and other rich countries, even by mid-century.” The Japan Center for Economic Research, ...
China is the second richest country in the world with a $17.734 trillion GDP.
Which are the top 5 GDP countries in the world? The US, China, Japan, Germany, and India, respectively, hold those positions in 2023.
Here are the 10 richest countries in Asia: China - $11.22 Tn. Japan - $4.94 Tn. India - $2.26 Tn.
If Apple were a country its GDP would comfortably eclipse the GDPs of all but four nations – United States ($20.8 trillion), China ($15.22 trillion), Japan ($4.91 trillion) and Germany ($3.78 trillion).
China is now an upper-middle-income country. Although China has eradicated extreme poverty, a significant number of people remain vulnerable, with incomes below a threshold more typically used to define poverty in upper-middle income countries.
The United States has the strongest military force in the world, with Russia and China in second and third and India in fourth place, according to Global Firepower, a data website that tracks global defence-related information.
When adding portfolio debts (including the $1 trillion of U.S. Treasury debt purchased by China's central bank) and trade credits (to buy goods and services), the Chinese government's aggregate claims to the rest of the world exceed $5 trillion in total.
In April 2023, India's population is expected to reach 1,425,775,850 people, matching and then surpassing the population of mainland China (figure 1). India's population is virtually certain to continue to grow for several decades.
In the world, the poorest countries are mostly located in Africa and Asia, with Burundi being the poorest country followed by Somalia, Mozambique, Central African Republic, and Madagascar.
Luxembourg's per capita GDP is nearly 415 times the per capita GDP of the world's poorest country, Burundi, at $303. Ireland is the second-richest country in the world on a GDP per capita basis with $107,000, followed by Switzerland at nearly $94,000.