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Country Report China March 2011
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HTMLData and charts: Annual data and forecast
| 2006a | 2007a | 2008a | 2009a | 2010b | 2011c | 2012c | |
| GDP | |||||||
| Nominal GDP (US$ bn) | 2,787 | 3,494 | 4,532 | 5,051 | 5,878a | 6,834 | 8,099 |
| Nominal GDP (Rmb bn) | 22,224 | 26,583 | 31,490 | 34,502 | 39,798a | 44,309 | 50,445 |
| Real GDP growth (%) | 12.7 | 14.2 | 9.6 | 9.2 | 10.3a | 9.0 | 8.7 |
| Expenditure on GDP (% real change) | |||||||
| Private consumption | 9.2b | 10.8b | 8.4b | 9.3b | 9.8 | 10.2 | 10.0 |
| Government consumption | 11.7b | 11.9b | 9.0b | 6.1b | 7.5 | 8.0 | 8.8 |
| Gross fixed investment | 12.9b | 13.7b | 9.8b | 24.2b | 11.3 | 8.9 | 9.0 |
| Exports of goods & services | 20.7b | 20.4b | 13.9b | -9.1b | 15.6 | 9.6 | 10.5 |
| Imports of goods & services | 19.5b | 18.5b | 15.2b | -2.7b | 14.0 | 10.8 | 11.7 |
| Origin of GDP (% real change) | |||||||
| Agriculture | 5.0 | 3.7 | 5.4 | 4.2 | 4.3a | 2.6 | 3.0 |
| Industry | 13.4 | 15.1 | 9.9 | 9.9 | 12.2a | 9.5 | 8.8 |
| Services | 14.1 | 16.0 | 10.4 | 9.3 | 9.5a | 9.9 | 9.7 |
| Population and income | |||||||
| Population (m) | 1,283b | 1,290b | 1,297b | 1,305b | 1,312 | 1,320 | 1,328 |
| GDP per head (US$ at PPP) | 4,921b | 5,753b | 6,410b | 7,023b | 7,744 | 8,527 | 9,423 |
| Fiscal indicators (% of GDP) | |||||||
| General government revenue | 17.4 | 19.3 | 19.5 | 19.9 | 20.9a | 21.1 | 21.1 |
| General government expenditure | 18.2 | 18.7 | 19.9 | 22.1 | 22.5a | 22.8 | 22.8 |
| General government balance | -0.7 | 0.6 | -0.4 | -2.3 | -1.6a | -1.7 | -1.7 |
| Net public debt | 20.8b | 17.1b | 15.2b | 16.5b | 16.3 | 16.6 | 16.6 |
| Prices and financial indicators | |||||||
| Exchange rate Rmb:US$ (end-period) | 7.81 | 7.31 | 6.84 | 6.83 | 6.62a | 6.35 | 6.12 |
| Exchange rate ¥:Rmb (end-period) | 10.31 | 10.67 | 9.50 | 9.79 | 8.93a | 7.68 | 7.29 |
| Consumer prices (end-period; %) | 2.8 | 6.6 | 1.4 | 1.5 | 4.8a | 4.1 | 3.8 |
| Producer prices (av; %) | 3.0 | 3.1 | 6.9 | -5.4 | 5.5a | 6.1 | 3.9 |
| Stock of money M1 (% change) | 17.9 | 21.0 | 9.0 | 33.2 | 24.9 | 13.1 | 15.1 |
| Stock of money M2 (% change) | 22.1 | 16.7 | 17.8 | 28.4 | 23.7 | 13.1 | 16.0 |
| Lending interest rate (end-period; %) | 6.1 | 7.5 | 5.3 | 5.3 | 5.8 | 6.8 | 7.3 |
| Current account (US$ bn) | |||||||
| Trade balance | 217.7 | 315.4 | 360.7 | 249.5 | 254.0a | 182.8 | 190.0 |
| Goods: exports fob | 969.7 | 1,220.0 | 1,434.6 | 1,203.8 | 1,581.5a | 1,779.8 | 2,004.2 |
| Goods: imports fob | -751.9 | -904.6 | -1,073.9 | -954.3 | -1,327.5a | -1,597.0 | -1,814.2 |
| Services balance | -8.8 | -7.9 | -11.8 | -29.4 | -24.5 | -31.6 | -39.0 |
| Income balance | 15.2 | 25.7 | 41.4 | 43.3 | 44.0 | 88.1 | 114.5 |
| Current transfers balance | 29.2 | 38.7 | 45.8 | 33.7 | 42.5a | 40.2 | 43.6 |
| Current-account balance | 253.3 | 371.8 | 436.1 | 297.1 | 306.2a | 279.5 | 309.0 |
| External debt (US$ bn) | |||||||
| Debt stock | 325.3 | 373.8 | 378.2 | 348.3b | 400.7 | 471.2 | 533.9 |
| Debt service paid | 27.5 | 32.2 | 34.4 | 39.1b | 31.3 | 36.6 | 44.5 |
| Principal repayments | 18.1 | 20.8 | 25.1 | 31.4b | 24.5 | 28.1 | 32.3 |
| Interest | 9.4 | 11.4 | 9.2 | 7.8b | 6.8 | 8.6 | 12.2 |
| International reserves (US$ bn) | |||||||
| Total international reserves | 1,072.6 | 1,534.4 | 1,953.3 | 2,425.9 | 2,871.1 | 3,294.7 | 3,652.9 |
| a Actual. b Economist Intelligence Unit estimates. c Economist Intelligence Unit forecasts. | |||||||
| Sources: IMF, International Financial Statistics. | |||||||
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