International Economics: Data for China

The table below presents the World Bank data for China within the years of 2011, 2012, and 2013. The choice of years for this paper was based on the fact that 2011-2013 are quite recent, and therefore, they provide a reflection of the latest changes and events in the selected countrys economy. In addition, the chosen three years are a sequence. This aspect was also picked intentionally as the years represent a cohesive period of time which reflects the groups of numerical data that represent the economic performance of the country during a continued term without gaps.

China was chosen for the paper because it is one of the worlds strongest and fastest developing economies; therefore, it is interesting to follow its results on a year by year basis and track changes. Unfortunately, some numbers were absent from the World Bank web portal, and that is why several cells of the table below say not available.

Data / Year	2011	2012	2013
GDP (current US$)	7,492,432,097,810	8,461,623,162,714	9,490,602,600,148
Population, total	1,344,130,000.0	1,350,695,000.0	1,357,380,000.0
GDP per capita (current US$)	5,574.2	6,264.6	6,991.9
FDI inflows	280,072,219,149.9	241,213,868,161.4	290,928,431,467.0
FDI outflows (% of GDP)	1.3	1.4	1.7
Balance of Payments	136,097,000,000	215,392,000,000	182,807,000,000
Imports	459.4	487.7	530.4
Exports	761.8	822.1	886.7
Exchange Rates and system (LCU per USD)	6.5	6.3	6.2
Industry ratios-intraindustry, etc (value added % of GDP)	46.1	45.0	43.7
Tariff, all products (%)	7.8	Not available	Not available
Trade Rounds, if any	Not available	Not available	Not available
Region Trade Agreements (Merchandise exports to and import from developing economies within region (% of total merchandise exports)	7.4 (export) 9.8 (import)	8.3 (export) 9.6 (import)	9.2 (export) 9.1 (import)
Other Trade Agreements (Merchandise exports to and imports from developing economies outside region (% of total merchandise exports)	16.4 (export) 15.5 (import)	16.2 (export) 16.0 (import)	16.1 (export) 15.5 (import)
Trade to GDP ratio	48.8	45.7	43.9
Comparative Advantage/Absolute Advantages	Not available	Not available	Not available
Poverty headcount ratio at $1.25 a day (PPP) (% of population)	Not available	Not available	Not available

Reference

The World Bank. (2015). World Bank Search. Web.

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