RE: GDP?31 May 2025 16:29
Troajan,
Perplexity: Here are the exact, up-to-date data points for China and Ethiopia, correcting and updating the statements based on credible sources:
China
Historical Growth: China was indeed once considered a frontier market. Over the past three decades, China’s economy expanded rapidly, with GDP growth rates averaging around 10% per year at its peak, though this has slowed in recent years.
Current Growth: In 2024, China’s GDP growth was 5%, down from 5.4% in 2023. The government aims for about 5% growth in 2025 as well.
Poverty Rate: As of 2021, China’s poverty rate was reported at 17%, which is a significant decline from previous decades, but not as low as the "only 10/20% of the population" cited in the original statement. The figure for 2020 was 24.8%, showing a rapid recent reduction but not a single-digit or even a firmly sub-20% rate until 2021.
Infrastructure Loans: China has borrowed and invested heavily in infrastructure, but in recent decades, it has also become a major global lender itself, particularly through initiatives like the Belt and Road Initiative.
Ethiopia
Market Status: Ethiopia is currently considered a frontier market.
GDP Growth: Ethiopia’s GDP growth rate in 2023 was 6.5%, not 10–15% as stated. In recent years, growth has generally ranged between 5% and 7%.
Wealth Level: Ethiopia’s average wealth is very low, similar to India’s in some respects, but with even lower GDP per capita. For example, Ethiopia’s GDP per capita is about $1,272, compared to India’s $2,481.
Comprehensive Wealth: Ethiopia’s comprehensive wealth (including human, natural, and produced capital) more than doubled between 1995 and 2020, but remains extremely low relative to other countries
https://www.perplexity.ai/search/provide-the-exact-data-china-s-MnxgOetQSHqmPVBKT9TE7A
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