The topic of per capita GDP has always been very popular. Especially in 2018, China's per capita GDP has reached nearly US$9,800, and it is expected to exceed US$10,000 this year, thus bringing China's economy into a new era. However, there are still a large number of netizens in who cannot distinguish the difference between per capita GDP and per capita income, and they often regard per capita GDP as per capita income.
Per capita GDP does not equal per capita income
GDP is measured using final products and services, excluding intermediate products, and is the added value of each industry. According to the income method, GDP calculation formula, GDP = employee remuneration + fixed asset consumption + net production tax and import tax + operating surplus (mixed income), etc. Here, the workers' remuneration (i.e. salary) is only part of it, and the gap with per capita GDP is quite large.
data shows that China's total GDP in 2018 was about 90.03 trillion yuan, and its per capita GDP was about 64,600 yuan, which was nearly US$9,800 based on the average exchange rate between the RMB and the US dollar last year. During the same period, China's per capita income was approximately RMB 28,200.
Of course, this per capita income is "per capita disposable income", that is, the income we get. If we include various taxes and fees, it is estimated that the per capita income before tax will be close to 30,000 yuan. Note: The above per capita algorithms include all populations.
What about China's per capita deposits and per capita loans?
According to the information disclosed by the National Bureau of Statistics , as of the end of 2018, the deposit balance of in China's RMB has reached 182.5 trillion yuan. If it is used to share the 1.395 billion population equally, the per capita deposit balance will be about 131,000 yuan - this is so high, why didn't my family reach it?
If you have such a question, it is not surprising, because this algorithm exaggerates the per capita deposits of ordinary Chinese people. Because the balance of RMB 182.5 trillion is "all China", including the Chinese people, as well as their respective enterprises, groups, organizations, etc.
The actual deposits of ordinary people's personal or family are actually only RMB 74.44 trillion (i.e., household deposit balance). Based on this standard, the per capita deposit of Chinese residents is close to RMB 52,000. If your family has four people, then the deposit amount exceeds 20 trillion yuan, it will reach the national average.
Then look at the per capita loan. Similarly, as of the end of 2018, the total loan amount in China's society was 136.3 trillion yuan, of which the balance of resident loans belonging to our people was about 47.9 trillion yuan (most of the loans were loans from enterprises, organizations or other departments), and the per capita loan was about 34,300 yuan.
What about the per capita wealth of the Chinese people?
According to a report released by Credit Suisse Research Institute, China's total wealth reached US$63.83 trillion in 2018, second only to the United States in the world, ranking second in the world. According to a rough calculation, China's per capita wealth is about US$45,750 - more than RMB 300,000 in RMB.
per person has a wealth of more than 300,000 yuan, which looks a lot! But don’t be excited. According to the report of Credit Suisse Research Institute, the total global wealth last year exceeded US$3.6 million. According to the population of 7.59 billion, the global per capita wealth is US$47.43 million - higher than China’s per capita wealth! This means that our per capita wealth is still lower than the global per capita level.
In addition, according to the report of Credit Suisse Research Institute, the per capita wealth of the United States exceeded US$320,000 in 2018, the per capita wealth of the United Kingdom exceeded US$200,000, Japan was close to US$200,000, and Germany was close to US$150,000... Like per capita GDP, from the perspective of per capita wealth, there is still a big gap between China and them. This article is compiled and written by [Nan Sheng]. Please do not reprint or plagiarize without authorization!
