The World in 2011 Projects GDP Per Head (of Next Year)

choi

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Libraries in Boston just received by mail:
The World in 2011; 25-Year Special Edition. Economist, Nov. 22, 2010.

In it, a section summaries each country.

(1) The section begins with:

"2011 forecasts unless otherwise indicated. Inflation: year-on-year annual average. Dollar GDPs calculated using 2011 forecasts for dollar exchnage rate (GDP at PPP, or purchase-power parity, shown in brackets). All figures simplified by rounding.

(2) The world in figures: Countries--Taiwan.
http://www.economist.com/node/17510348

(3)
.............................GDP per head (PPP)
Taiwan ..................$$20,040 ($40,290)

China ....................$4,800 ($8,390)
Hong Kong ............$30,820 ($48,040)
Japan ....................$44,440 ($34,850)
South Korea ...........$22,050 ($31,400)
Singapore ..............$45,200 ($45,120)

Australia ................$52,830 ($41,140)

France ..................$39,370 ($34,620)
Germany ...............$37,680 ($36,020)
Ireland ...................$46,750 ($42,020)
Switzerland ............$65,050 ($44,750)
United Kingdom ......$38,360 ($35,440)

Canada ..................$47,070 ($40,110)
United States ..........$48,010 ($48,010)

(4)
(a) A year ago, I read The World in 2010. Today I read it again. The same set of GDPs for Taiwan and Japan in that edition were as followed.

Taiwan ...................$16,430 ($35,990)
Japan .....................$40,440 ($33,340)

(b) Because population of Taiwan has not changed sigficantly. GDP growth rate can translate into growth rate for GDP per head. Now that Taiwan's GDP growth rate will be around 9% this year--about the same jump from $35,990 to $40,290.
(c) The prediction by Economist's This World in 2010 bears out in IMF's estimation for THIS year for Taiwan.

Taiwan and Japan  l  X not V; Taiwan’s standard of living has just surpassed Japan’s. Economist, Nov. 11, 2010.
http://www.economist.com/node/17473187?story_id=17473187&CFID=150078769&CFTOKEN=15406246
("In 2010, according to the IMF, Japan’s income per head will be $33,800; Taiwan’s will be over $34,700")



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