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February 2008 |
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The Chinese GDP per capita has been valued at $ 4,100 in purchasing power parity in 2005. This figure, published by the World Bank in December 2007, was brought to the world’s attention for its being below the previous estimate by 40% ($ 6,600). For India, the PPP-based GDP has also been revised downwards by 40% in 2005.
These revised figures have two implications:
The gap of the income level with developed countries is wider. China’s GDP per capita is worth one tenth the US level, instead of 16% before and India's GDP per capita amounts to 5% of the US level (instead of 8%).
The share of both countries in the world PPP-based GDP is downsized. It decreases from 14% to 10% for China, from 6% to 4.3% for India. On account of their declining contribution to the world economic growth, the IMF has accordingly revised downwards its estimate of world growth by 0.5 point in 2006 and 2007...
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CHELEM-GDP
Françoise LemoineetDeniz Ünal, China and India in International Trade from Laggards to Leaders, Working Paper CEPII, n° 2007-19, November 2007
Sandra Poncet, The Long Term Growth Prospects of the World Economy: Horizon 2050,
Working Paper CEPII, n° 2006-16, October 2006 |
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