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September 07, 2011

United States GDP at $15 trillion mid 2011 and China adjusted GDP

The United States Bureau of Economic Statistics estimates the current-dollar GDP -- the market value of the nation's output of goods and services -- increased 3.5 percent, or $129.0 billion, in the second quarter to a level of $14,996.8 billion. In the first quarter, current-dollar GDP increased 3.1 percent, or $112.8 billion.

China raised its economic growth estimate for 2010 to 10.4 percent from 10.3 percent. Nominal GDP was revised to 40.1 trillion yuan ($6.27 trillion) from 39.8 trillion yuan, the (China) National Bureau of Statistics said.

Various projections are for China's economy to grow by about 9% in 2011 and 8.0-8.5% in 2012

China's gross domestic product (GDP) rose by 9.5 percent year-on-year in the second quarter of 2011, tapering off slightly from the 9.7-percent growth posted in the first quarter and 9.8 percent in the fourth quarter of last year.



China probably had 3% (half of 6% per year inflation) in the first half of the year.
China had 4.8% GDP growth in the first half of the year.
43.26 trillion yuan at the end of the first half of 2011. 6.38 exchange rate.
$6.78 trillion economy for China. Adding in Hong Kong and Macau would be $7 trillion mid-2011.

China is on track to $7.3 trillion at the end of 2011 and $7.5 trillion including Hong Kong and Macau.

India is expected to have 8.1% GDP growth in 2011.




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