US Dollar Strength Reduces Nominal GDP of China and Other Countries

China’s GDP in 2021 was 114 trillion yuan and in 2022 the yuan has weakened against the US dollar. The yuan is now 7.12 to 1 US dollar. China’s nominal GDP is now 16.0 trillion instead of 17.7 trillion last year. It was 115 yen to 1 US dollar at the end of 2021. It…
US Dollar Strength Reduces Nominal GDP of China and Other Countries


China’s GDP in 2021 was 114 trillion yuan and in 2022 the yuan has weakened against the US dollar.

The yuan is now 7.12 to 1 US dollar.

China’s nominal GDP is now 16.0 trillion instead of 17.7 trillion last year.

It was 115 yen to 1 US dollar at the end of 2021. It is now 144 yen to 1 US dollar. Japan’s nominal GDP was $5.5 trillion but it is now $4.4 trillion.

The dollar has strengthened 15% against the Euro and 17% against the british pound.

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Apple New Macbooks Will Dominate With Better Performance
Read More

Apple New Macbooks Will Dominate With Better Performance

Apple announced its new Macbook Pro’s and they have increased the power and efficiency of the M1 chip and GPU. The M1 Max will have 70% more CPU performance and double the GPU performance over the already leading M1 chip. The performance per watt blows away the competing chips. If you are going to spend…
DARPA AI Contest to Assess Critical Minerals
Read More

DARPA AI Contest to Assess Critical Minerals

DARPA has partnered with the U.S. Geological Survey (USGS) to explore the potential for machine learning and artificial intelligence tools and techniques to accelerate critical mineral assessments. The goal is to significantly speed up the assessment of the nation’s critical mineral resources by automating key steps in the process. Assessments can quantify potential mineral sources…