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Every year, around November the Economist magazine publishes a special issue
that forecasts economy for NEXT year. Two months later (in late January,
the following year), CIA World Factbook publishes a new edition, which
includes economy for the previous year.
The Economist has published
The World in 2010. Nov. 13, 2009 (which did not hit the market until the
very last day of November)
http://www.economist.com/theworldin/
, which lists, among other things, per capita GDP (both nominal and adjusted
by purchase power parity (PPP)). The following are from select nations/
places.
..............per capita GDP (nominal).......per capita GDP (PPP)
Canada........$43,450........................$38,850
China.........4,170..........................7,350
Hong Kong.....30,720.........................43,180
Japan.........40,440.........................33,340
France........43,250.........................34,310
Germany.......38,520.........................33,840
Italy.........36,820.........................29,630
Russia........10,030.........................15,330
Singapore.....35,630.........................39,720
South Korea...17,810.........................28,700
Taiwan........16,430.........................35,990
United Kingdom..36,250.......................34,730
United States...47,920.......................--
My comment:
(a) This is the first time Taiwan surpasses Western Europeean nations (
France, Germany and UK), as well as Japan--according to the Economist.
(b) In this year (2009) edition of CIA World Factbook, the 2008 estimates
about France, Germany, UK and Japan were all about $33,000-34,000. Regarding
Taiwan, at the beginning of 2009, the Factbook assigned $33,400; just now I
checked, it had been lowered to $31,100 ($100 less than that of 2007).
(c) My observation for a few years is that Economist forecast figures tend
to be larger than teh comparable Factbook ones that is released two months
later. Whether teh difference is due to one-year difference between forecast
and lookback, I do not know.
(d) But if the Economist is to be believed, Taiwan's per capita GDP (PPP) is
just $4,000 behind that of Singapore. I thought for years that it is
hopeless for Taiwan to catch up with Singapore.
(e) For 2010, the Economist projects China as a whole will have nominal GDP
$5,588 billion and GDP (PPP) $9,845 billion.
(f) All of the above are in the section "The world in figures" whose blue
icon can be found in the upper right corner of The World in 2010.
------------------Separately
While you are in The World in 2010, please consult
(1) Thomas Easton, Blow, then burst; China may be inflating the world’s
next economic bubble.
http://www.economist.com/theworldin/displayStory.cfm?story_id=14742677&d=2010
(2) Robin Bew, Not so fast; mostly disappointment for the global economy in
2010.
http://www.economist.com/theworldin/displayStory.cfm?story_id=14742170&d=2010
My comment: See the illustration only. Click to enlarge.
(3) Barbara Beck, Peak Labour; Chinese workers will become scarcer.
http://www.economist.com/theworldin/displayStory.cfm?story_id=14742405&d=2010
My comment:
(a) See the illustration.
(b) Read the first two paragraphs.
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