Same region. Click to skip our analysis of the global industry trends, jump to the 5 Biggest Industries in the World in 2021. Domestic credit to private sector by banks (% of GDP) International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates. To this effect, the Government has Food waste would therefore lie between the USA and India. License : CC BY-4.0. China's overall digitalization is in the middle of the range globally.The narrow definition (based on the OECD framework) puts the size of China's digital economy at 6 percent of GDP 4, compared to 8-10 percent in South Korea and Japan, where the IT sector is more developed and dominant in the economy. All surveys used have a nationwide coverage. Aggregates. Section five, the central section of the paper, discusses the role of the Bank's main instruments - economic and sector work; and lending operations in helping China alleviate poverty. Note 2: Aggregation results apply only to your custom-defined groups and do not reflect official World Bank aggregates based on regional and income classification of economies. Non-financial accounts by economic sector (table 0801) Employment by sector. (1) GDP Growth & FDI: With a population of over 1.2 billion, India is the second most populous country and the largest democracy in the world. Growth of the gross domestic product in China until 2030; . GDP and spending - Real GDP forecast - OECD Data Gibraltar, Macau, Monaco and Singapore has no agricultural output. The global pandemic caused by coronavirus COVID-19 could have a prolonged impact on China's economy. Industry Sector : With GDP of $23,835 billion, Industry Sector holds a share of 30% of total GDP nominal. Share of economic sectors in the global gross domestic ... Public. Pakistani economy is semi-industrialised with a well-developed agricultural sector and an increasing share of the services sector (Iqbal, 2016). A detailed description of the goods and services included in each sector is provided here. Republic of Korea Overview: Development news ... - World Bank The World Bank In China. Since its first engagement in 1958, IFC has invested more than US$24 billion (including mobilization) in more than 500 companies in India. Worldbank Search The Cour des Comptes based its conclusions on figures gathered and released by the World Bank, which has measured manufacturing added-value as a percentage of GDP annually between 2004 and 2019. World Development Indicators: Show Metadata Links. services: 32.9% (2017 est.) Please note the exports, imports and tariff data are based on reported data and not gap filled. Year. Conducting a desk-based, largely quantitative analysis (including comparisons against ^peer _ Support sought for Thai tech sector - World - Chinadaily ... Results may be inappropriate (e.g., summing series expressed as a percentage) and caution should be observed when using this function. More detailed data, including data by product/service and categories of products/services, can be viewed and exported from the "Detailed tables, charts and technical notes" section. Saudi Arabia Trade Summary. There have also been significant improvements in access to health, education, and other services over the same period. Last published date: 2021-02-03. If achieved, this rate of global growth would be the fastest annual rate in more than 80 years. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. International Trade Department of the World Bank. industry: 6.5% (2017 est.) China's Digital Economy in the Global Context. The WB now expects world growth of 5.6% in 2021, an increase of 1.5% from the January Report. The World Bank estimates that SOEs account globally for 20% of investment and 5% of employment. Liberia GDP and Economic Data Includes Liberia real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. Yet differences between countries are very large. Since China began to open up and reform its economy in 1978, GDP growth has averaged almost 10 percent a year, and more than 800 million people have been lifted out of poverty. This link will direct you to a non-government . License : CC BY-4.0. License : CC BY-4.0. Food waste would therefore lie between the USA and India. Reuse our work freely China is the largest contributer followed by US. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of the World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. The Gross Domestic Product (GDP) in Mozambique was worth 14.02 billion US dollars in 2020, according to official data from the World Bank. World's largest countries United States has only 0.9% of GDP in Agriculture Sector. Reuse our work freely Of the total financing, 91% is from IDA (national: $3.1 billion; regional: $210 million) and remaining 9% is from sector specific trust funds ($316.5 million). About the database. A World Bank report last week warned China that it must focus on reforming its financial sector rather than interfering in it, but retracted the statement days later after receiving pressure from . The Republic of Korea became a member of the International Bank for Reconstruction and Development (IBRD) in 1955 and joined the International Development Association (IDA) in 1961. Online Extra: "China Is a Private-Sector Economy" Economist Fan Gang points to a 70% share of GDP now in private hands, but he acknowledges that much improvement is still needed August 22, 2005 . World's largest countries United States has only 0.9% of GDP in Agriculture Sector. Line Bar Map. Data presented in the tables and charts are World Bank estimates based on the national household consumption or expenditure survey datasets listed below. Gross domestic product (GDP), 2019 archive. Moreover, employment growth in the domestic private sector comes at a low cost: From 2001 to 2003 about 80 million VND of new investment was associated with each new job in the domestic private sector, compared with about 130 million in the FDI sector and 580 in the SE sector (World Bank 2005: 20). Saudi Arabia exports, imports, tariff by year . Bank in 1980 spurred knowledge exchange about macroeconomic measurements, specifically GDP. 1. China World's Second-Largest Economy. Domestic credit to private sector (% of GDP) International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates. GDP, volume - annual growth rates in percentage, 2019 archive. The gross domestic product (GDP) or value of all final goods produced by the industrial sector within a nation in a given year. Gibraltar, Macau, Monaco and Singapore has no agricultural output. Section four briefly considers the evolution of China's strategy for poverty reduction. 2, as illustrated in Figure 1.1 below. The portfolio has a balanced spread across all sectors with the largest investments in . The economy of the People's Republic of China is a developing market-oriented mixed economy that incorporates economic planning through industrial policies and strategic five-year plans.Dominated by state-owned enterprises (SOEs) and mixed-ownership enterprises, the economy also consists of a large domestic private sector and openness to foreign businesses in a system described as a socialist . License : CC BY-4.0 Throughout Europe, the share of government spending that is devoted to the compensation of government employees ranges between 5% and 15%. License : CC BY-4.0. License : CC BY-4.0. China's economic reforms since 1978 spurred unprecedented economic growth and lifted millions out of poverty. Each sector offers unique challenges and opportunities for PPPs due to differing legal, regulatory and investment considerations. GDP (current US$) - St. Vincent and the Grenadines, Bhutan, China World Bank national accounts data, and OECD National Accounts data files. GDP growth (annual %) - St. Vincent and the Grenadines, Bhutan, Hong Kong SAR, China World Bank national accounts data, and OECD National Accounts data files. The global expansion is expected to . The World Resource Institute's CAIT Climate Data Explorer reports that in 2010, the top three emitters were China (9.8 GtCO 2 eq; 21%); the USA (6.1 GtCO 2 eq; 13%) and India (2.5 GtCO 2 eq; 5.3%). PPPs by Sectors. The World Bank report of the first mission of the World Bank in China describes in a detailed fashion how GDP figures could be derived from the Chinese statistical measure of national income, Net Material Product (NMP) (World Bank, 1983: 220-263). In 2019, agriculture contributed 3.55 percent, industry contributed . 8 While the FDI sector has by far the highest . Manufacturing sector was estimated to drop by 3.61 percentage points form the baseline of no global coronavirus crisis. Labor participation rate in China 2010-2020 Quarterly labor force participation rate in Tunisia 2021, by gender Average gross profit per employee by sector U.S. 2018 GDP - composition by sector: agriculture: 60.7% (2017 est.) Aaron O'Neill. The World Bank and IFC work together in several areas, most notably in energy, transport, water and health. In some contexts, the two terms are distinct . Similar values. The World Bank said in a report released on Tuesday that the adoption of digital technologies has the potential to support Thailand's recovery from COVID-19 and ensure a more competitive economy . 3. In China a full 78.3% of the urban labor force were employed in the public sector by 1978, the year the Chinese economic reform was launched, after which the rates dropped. The World Bank program in Ghana is worth $3.6 billion in credits and grants across 30 projects. Same region. In contrast, throughout most of Africa the available figures range between 30% and 50%. Belarus has been a net exporter of practically all modes of transport services. On June 8, 2021, the World Bank released its updated global GDP growth forecast models from the January 2021 Report. latest available trade, tariff, trade barriers and other trade related data Click Here . To what extent these achievements can be sustained and deepened will not only impact the lives of one-fifth of mankind, but will also affect the global course of such health threats as tuberculosis and HIV/AIDS, as well as the world . Based . Definition: This entry shows where production takes place in an economy. The World Bank EdStats Query holds around 2,500 internationally comparable education indicators for access, progression, completion, literacy, teachers, population, and expenditures. The indicators cover the education cycle from pre-primary to tertiary education. They are available as World Bank staff working papers. Estimated economic impact of global coronavirus pandemic in China 2020, by sector. . The World Bank report of the first mission of the World Bank in China describes in a detailed fashion how GDP figures could be derived from the Chinese statistical measure of national income, Net Material Product (NMP) (World Bank, 1983: 220-263). Highest values. Real gross domestic product (GDP) is GDP given in constant prices and refers to the volume level of GDP. The distribution gives the percentage contribution of agriculture, industry, and services to total GDP, and will total 100 percent of GDP if the data are complete. It contains detailed data on the supply and consumption of energy for over 155 countries, economies and territories, including all OECD countries, and more than 100 other key energy producing and consuming countries, as well as 35 various regional aggregates and . Gross domestic product (GDP) per capita in the ASEAN countries 2026 . The Bank began its operations in Korea in 1962 when it completed the first Country Economic Report and approved an IDA credit of US$17 million to expand and improve the Korean National Railroad. Average from 2004 to 2008 was 8.7% in real GDP (World Bank 2010). Nominal GDP sector composition (2005 constant prices) Nominal GDP sector composition, 2015 (in millions of 2005 USD ): [5] [6] 2005 prices are used similarly to 2010 constant prices in which they provide economic statistics where inflation is accounted for. The world economy or the global economy is the economy of all humans of the world, referring to the global economic system which includes all economic activities which are conducted both within and between nations, including production, consumption, economic management, work in general, exchange of financial values and trade of goods and services. Click to open interactive version. World Bank national accounts data, and OECD National Accounts data files. World Bank national accounts data, and OECD National Accounts data files. The economy of the People's Republic of China is a developing market-oriented mixed economy that incorporates economic planning through industrial policies and strategic five-year plans.Dominated by state-owned enterprises (SOEs) and mixed-ownership enterprises, the economy also consists of a large domestic private sector and openness to foreign businesses in a system described as a socialist . The World Bank does not guarantee the accuracy of the data included in this work. Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Liberia economic outlook, debt to GDP ratio . Country / Region. GDP in Mozambique averaged 7.70 USD Billion from 1980 until 2020, reaching an all time high of 17.72 USD Billion in 2014 and a record low of 2.09 USD Billion in 1988. This statistic shows the share of economic sectors in the global gross domestic product (GDP) from 2009 to 2019. Structure of output World Bank Report on China's Recent Economic Performance Again, in a pattern that has become predictable, the economic performance of China during 2002 exceeded expectations. Japan is at 3rd and Germany is at 4th place. License : CC BY-4.0 None. This represents a significant improvement . Jin Zeng estimates the numbers were 56.4% in 1995 and 32.8% in 2003, [6] while other estimates are higher. It is designed to serve a wide range of users—from researchers seeking data for analytical studies to businesses seeking a better understanding of the markets into which they are expanding or those they are already serving. . World Bank, Thailand: Share of economic sectors in the gross domestic . Non-financial accounts by economic sector - Archive before 2019 benchmark revisions. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. The transport sector is an important economic sector in Belarus, contributing 6.7 percent of Gross Domestic Product (GDP) in 2008 and 6.6 percent in 2009. The Global Consumption Database is a one-stop source of data on household consumption patterns in developing countries. Published by C. Textor , Jun 29, 2020. Source: World Bank. Zinc slab production volume in China 2010-2020; . In this article, we are going to list the 10 Biggest Industries in the World in 2021. None. Real GDP forecast. Constant price estimates of GDP are obtained by expressing values of all goods and services produced in a given year, expressed in terms of a base period. China is the largest contributer followed by US. According to the latest rates by the World Bank, the agricultural sector employed 22.5% of the labour force in 2020 but contributed to 8.8% of GDP in 2019, a share that has been decreasing in recent years. The GDP value of Mozambique represents 0.01 percent of the world economy. for instance on import prices and inflation need to be managed closely (World Bank, 2014a). GDP (current US$) - Germany. License : CC BY-4.0. Credit to government and state-owned enterprises to GDP (%) Debit card (% age 15+) Deposit interest rate (%) Deposit money bank assets to deposit money bank assets and central bank assets (%) Deposit money banks'' assets to GDP (%) Depth of credit information index (0=low to 8=high) Domestic credit provided by financial sector (% of GDP) See the CIA World Factbook for more information. Just as there are different types of public-private partnerships (PPPs), PPPs also exist in a variety of industry sectors. Aggregates. Industry Sector : With GDP of $23,835 billion, Industry Sector holds a share of 30% of total GDP nominal. Manufacturing, value added (% of GDP) - China. World Bank national accounts data, and OECD National Accounts data files. Highest values. This involved an analysis of the Indonesia manufacturing sector, with a focus on three specific sectors (see below), with the following approach: 1. GDP growth (annual %) - Myanmar. Industry revenue of "precision turned product manufacturing" in Texas 2012-2024 . III. Gross domestic product (GDP), 2019 archive. 3 China 'I'he Energy Sector 4 China Economic Miodel and Projections 5 China Economic Structure in International Perspective 6 China I'he Transport Sector In addition, nine background papers, numbered bere as tbey l,re referred to in the text, have been prepared in connection witb the report. Line Bar Map. 2019. 12 In 2010, OECD estimated SOEs to account for 30% of Chinese GDP, 38% of Vietnamese GDP, and 25% of Indian GDP. Gross domestic product 2020 (millions of Ranking Economy US dollars) USA 1 United States 20,936,600 CHN 2 China 14,722,731 JPN 3 Japan 5,064,873 DEU 4 Germany 3,806,060 GBR 5 United Kingdom 2,707,744 IND 6 India 2,622,984 3 China 'I'he Energy Sector 4 China Economic Miodel and Projections 5 China Economic Structure in International Perspective 6 China I'he Transport Sector In addition, nine background papers, numbered bere as tbey l,re referred to in the text, have been prepared in connection witb the report. External Debt and Financial Flows statistics, Heath statistics, Gender, Economy, Social Data. Line Bar Map. The Philippines' economy is based on food processing; production of cement, iron, and steel; and telecommunications, among others. In the 2018-19 fiscal year, Myanmar's GDP growth slowed to 6.5 percent from 6.8 percent in 2017-2018, reportedly due to a slowdown in the services sector. 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