That I do know, wanted to know how it is for the whole world (in terms of how many % the west(eu, us and like Japan) is of total when using ppp.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
Japan is 5 trillion PPP
So West (US + EU + Japan) is ~50 trillion
China is at 29 trillion. Not inconceivable that China could overtake the combined West in 2 decades
There are pie charts for this, it isn't hard to find.
They spun off the cellphone business into honor and now honor sales is a second in China.
Then it seems like it's about ~50/~130 trillion.
So US, EU and Japan is 39ish% of world gdp per ppp.
Again though, we can't just take a number like that (neither with the former 50% based on nominal), in reality things are 'murkier'.
But there's a trend of the west being a smaller % of world gdp (both nominal and ppp).
If we're talking about international trade, nominal figures are better than PPP.
But if we're talking about sanctions, then the amount and composition of trade matters more than the GDP of a country.
---
The trade in services is relatively small compared to raw materials or manufacturing. Plus services are relatively easy to replace or do without.
So I think what really matters is the supply chain from raw materials production, processing, then to manufacturing which produces physical goods
On these measures, in many categories, China consumes more raw materials than the rest of the world combined.
These are processed by the manufacturing sectors to feed the domestic economy and also for exports.
In terms of manufacturing in 2019, China accounted for 28.7% of global output, whilst the US+EU+Japan accounted for 35.4%. But it's now 2022, so I reckon the overall Chinese manufacturing sector has grown to equal the US+EU+Japan combined
Yeah but keep in mind you are not counting countries outside of US/EU/Japan that are also considered part of the 'west'.
If we have to be completely honest with ourselves, countries like South Korea, Canada and Australia are at ~2 trillion PPP each and should also be considered the west. They are middle powers and cannot be ignored.
So in reality it's higher than that. I would not be surprised if the 'west' is half of global PPP. However that share is only going to go down as developing nations in Asia and Africa, China included, continue ascending.
Seems like Oppo and Vivo are getting squeezed out which I think should have happened long ago. Anybody know why they grew so much in 2021? They're good profit makers but terrible tech companies. Basically just OEMs no different from kettle makers.