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China

China Aggregate indicators Stats

Definitions

  • GDP > Current LCU: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency.
  • GNI > Current LCU: GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current local currency.
  • Gross domestic savings > Current: Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). Data are in current local currency.
  • Gross savings > Current LCU: Gross savings are calculated as gross national income less total consumption, plus net transfers. Data are in current local currency."
  • Gross value added at factor cost: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in current local currency."
  • Net current transfers from abroa: Current transfers comprise transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net current transfers from abroad is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. Data are in current local currency.
  • Net income from abroad > Current: Net income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). Data are in current local currency."
  • Net taxes on products > Current : Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency."
STAT AMOUNT DATE RANK HISTORY
GDP > Current LCU 34.05 trillion 2009 16th out of 168
GNI > Current LCU 34.35 trillion 2009 16th out of 155
Gross domestic savings > Current 17.73 trillion 2009 8th out of 130
Gross savings > Current LCU 18.26 trillion 2009 8th out of 109
Gross value added at factor cost 29.65 trillion 2009 13th out of 120
Net current transfers from abroa 230.17 billion 2009 26th out of 124
Net income from abroad > Current 295.74 billion 2009 7th out of 138
Net taxes on products > Current 4.4 trillion 2009 9th out of 111

SOURCES: World Bank national accounts data, and OECD National Accounts data files.

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