One Response to “ What % Of Global Economy (gdp) Is Us, China, And Combined? & % Of Us&china Gdp Is Us-china Exp/imp? ”

1. 8^3relea on July 30th, 2009 1:24 am

   1. IMF estimate for 2006 in nominal terms (US$ million):
   Gross World Product : 48,245,198
   US GDP : 13,194,700 ( share 26% approx)
   Peoples Republic of China GDP : 2,644,642 (share 5% approx)
   So, combined share of US and China in World GDP can be placed at 31% approximately..
   2. IMF estimate for 2006 in purchasing power parity terms (US$ million)
   Gross World Product : 66,228,669
   US GDP : 13,020,861 ( share 22% approx)
   Peoples Republic of China GDP : 11,606,336 (share 19% approx)
   So, combined share of US and China in World GDP can be placed at 41% approximately.
   However, it is learnt that the current round od estimation excersise show that China’s GDP in PPP terms has been earlier overestimated by about 40%. This would mean that China’s share would go down substantially to around 11.5% and US share would go up to around 21.5 % and ths their combined share would be close to 33% of World Gross output.
   3. Exports and Inmorts
   US Exports $1.024 trillion (2006 est)
   US Imports $1.869 trillion (2006 est)
   Total US = $ 2,893
   China’s Exports (2006) $963.0 billion f.o.b
   China’s Imports (2006) $795.0 billion f.o.b.
   Total China = $1.758 trillion
   Therefore, combinedl exports and imports of USA and China = $4.651 trillion. All this is in nominal terms (not PPP).
   In 1 above we get estimates of GDP:
   US GDP ; $13.02 trillion
   China GDP: $2.62 trillion
   So, combined GDP of USA and China = $15.65 trillion.
   Thus, share of combined US& China exports and Imports in combined GDP of US & China = $4.65 trillion/ $ 15.65 trillion = 0.21 = 21.5%
   These are the rough & ready estimates that can be used.
   But check my percentage calculations and additions.

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