Just so, what is China's GDP per capita 2020?
GDP per capita in China is expected to reach 8730.00 USD by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the China GDP per capita is projected to trend around 9200.00 USD in 2021, according to our econometric models.
Likewise, why does China have a low GDP per capita?
With four times America's population, China only needs its per-capita income to be one quarter that of America for their GDP to become the world's largest. Mark Perry points out that while China has a large GDP, it's GDP per capita is still relatively low due to its large population (1.33 billion people).
Is Russia a developed country?
Russia is not currently classified as a developed country, though it once reigned alongside the United States as a world superpower. The country's economy fell apart with the 1991 implosion of the Soviet Union.
How fragile is China's economy?
China's economy is fragile. Declining productivity and investment returns have led to slower growth and unsustainable increases in debt. In turn, slower growth could lead to economic and political stress domestically as well as weakness and instability internationally.