Tuesday, 21 June 2011

Economic Basics: China's GDP and Annual Growth

Gross domestic product (GDP) is "The market value of all final goods and services produced within a country in a given period".

The GDP of China is a massive $5.88 trillion this is the worlds second largest GDP, the largest GDP in the world as it stands is the United States of America with a GDP of $14.7 trillion. But what is more amazing than China's Gross Domestic Product, is it Annual Growth, China's average annual growth has been a staggering 10% for the last 30 years. 


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