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2011•Journal of Weifang UniversityRequires access

The Use and Defect of PPP Method in China's GDP Compared with Other Countries' in the World

Cheng Jin-jiao

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Abstract

China's GDP,calculated with the exchange rate method,is apparently underestimated,and if it is calculated with PPP method,in 2000,China's GDP,which is over half of the USA' GDP and is 11%of the whole of the world,is No 2 in the world;In 2005,it is 3/4 of the USA' GDP and 14.1%of the whole of the world. The PPP method has defect too,so we should correctly estimate the result calculated with PPP method.Compared with Other Countries' in the world,the real mount of China's GDP is between the result calculated with the exchange rate method and the result calculated with PPP method.

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What this paper is about

China's GDP,calculated with the exchange rate method,is apparently underestimated,and if it is calculated with PPP method,in 2000,China's GDP,which is over half of the USA' GDP and is 11%of the whole of the world,is No 2 in the world;In 2005,it is 3/4 of the USA' GDP and 14.1%of the whole of the world. The PPP method has defect too,so we should correctly estimate the result calculated with PPP method.Compared with Other Countries' in the world,the real mount of China's GDP is between the result calculated with the exchange rate method and the result calculated with PPP method.

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Available abstract

China's GDP,calculated with the exchange rate method,is apparently underestimated,and if it is calculated with PPP method,in 2000,China's GDP,which is over half of the USA' GDP and is 11%of the whole of the world,is No 2 in the world;In 2005,it is 3/4 of the USA' GDP and 14.1%of the whole of the world. The PPP method has defect too,so we should correctly estimate the result calculated with PPP method.Compared with Other Countries' in the world,the real mount of China's GDP is between the result calculated with the exchange rate method and the result calculated with PPP method.

Key concepts: China, Real gross domestic product, Economics, Exchange rate, International economics, Econometrics, Monetary economics, Geography

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