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Dollar GNP Estimates for China
Dollar GNP Estimates for China
Executive Summary
This paper is an attempt to provide a framework for estimating China's GNP and GDP in dollar terms on an ongoing basis. It should be emphasized at the outset that this exercise is hardly without precedent. Over a quarter of a century of research has been devoted to the estimation of China's GNP, including efforts by the World Bank (1983 and 1985), the Central Intelligence Agency, Perkins (1975, 1977, 1980, and 1988), Swamy (1986), Keidel (1986), Yeh (1983), Kravis (1981), Liu and Yeh (1965 and 1973), Eckstein (1958, 1961 and 1973), Hollister (1958), and Wu (1963). However, the World Bank and CIA estimates aside, the emphasis of earlier efforts was on developing yuan estimates of GNP, rather than the dollar GNP estimates. The recent publication of official GNP statistics by China has removed the burden of estimating the country's GNP in yuan, leaving us only with the problem of how best to convert these data to dollar terms.
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Page Last Revised - October 8, 2021
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