In 2011, China's total GDP at current prices was 45,821.758 billion yuan, a year-on-year increase of 15.1%; the total comparable GDP was 15,457.370 billion yuan, a year-on-year increase of 9.5%; the GDP deflator was 296.44 (1990=100), an increase of 5.2% from the previous year.
%.
The 2011.09 version of the latest "World Economic Outlook" released by the International Monetary Fund (IMF) on September 20 predicts that China's economy will grow by 9.5% in 2011 over the previous year, with a total GDP of 458.21758 billion yuan in local currency and 69884.70 in U.S. dollars.
billion US dollars, with an average annual exchange rate of 1 US dollar equivalent to 6.5568 yuan.
The "World Economic Outlook" predicts that in 2011, China's total GDP at current prices will be 458.21758 billion yuan, a year-on-year increase of 15.1%; total comparable GDP will be 15457.370 billion yuan, a year-on-year increase of 9.5%; the GDP deflator will be 296.44 (1990=100
), an increase of 5.2% over the previous year.
The IMF predicts that the average annual exchange rate of RMB against the U.S. dollar in 2011 will be 6.5568 yuan per U.S. dollar, an appreciation of 3.3% from 6.7704 yuan in the previous year.
Based on this calculation, China's current GDP in US dollars in 2011 was US$6.98847 billion, an increase of 18.9% over the previous year.
The IMF estimates that China's mid-year population in 2011 was 1,348.121 million, an increase of 6.707 million from the previous year.
Based on this calculation, China's per capita current price GDP in 2011 was 33,989 yuan, equivalent to 5,184 US dollars; per capita real GDP was 11,466 yuan, a year-on-year increase of 8.9%.
The IMF estimates that China's PPP GDP in 2011 was 11,316.224 billion international yuan, an increase of 1,196.328 billion international yuan from 2010, an increase of 11.8%.
The per capita PPP GDP was 8,394 international yuan, an increase of 850 international yuan compared with 2010, an increase of 11.3%.
In 2011, China's PPP GDP accounted for 14.4% of the world's GDP, up from 13.6% in the previous year, an increase of 0.8 percentage points.
The yuan depreciated to 4.049 against the international yuan from 3.933 the previous year.
The IMF predicts that China's total investment will account for 48.7% of GDP in 2011, an increase of 0.5 percentage points from the previous year; total national savings will account for 53.8% of GDP, an increase of 0.4 percentage points.
The IMF also predicts that China's CPI will rise by an average annual rate of 5.5% in 2011, an expansion of 2.2 percentage points over the previous year. The CPI growth rate at the end of the year will fall back to 5.1%, an expansion of 0.4 percentage points over the same period last year.
The IMF predicts that China's total export value of goods and services will increase by 15.6% in 2011, of which exports of goods will increase by 15.6%, both 8.6 percentage points lower than the previous year; China's total import value of goods and services will increase by 16.5%, of which imports of goods will increase by 16.5%.
%, down 3.3 and 5.5 percentage points respectively from the previous year.
The IMF predicts that in 2011, China's oil imports will reach US$226.751 billion, an increase of 38.6% over the previous year; oil exports will reach US$27.479 billion, an increase of 34.6% over the previous year.
The IMF predicts that China's public fiscal revenue will reach 9,561.202 billion yuan in 2011, a year-on-year increase of 18.0%, accounting for 20.9% of GDP, an increase of 0.5 percentage points from the previous year; public fiscal expenditures will reach 10,280.685 billion yuan
yuan, a year-on-year increase of 13.9%, accounting for 22.4% of GDP, a decrease of 0.3 percentage points from the previous year; the fiscal deficit was 719.483 billion yuan, accounting for 1.6% of GDP, a decrease of 0.7 percentage points from the previous year.
The IMF predicts that China's current account surplus will reach US$360.536 billion in 2011, an increase of 18.1% from the previous year's US$305.300 billion, accounting for 5.2% of GDP, basically the same as the previous year.