皇冠体育app now 4th largest economy -WB
(皇冠体育app Daily/Agencies)
Updated: 2006-07-04 06:02
皇冠体育app said on December 20, 2005 that its economy was far bigger than
previously estimated.
It revised its economic data after a year-long nationwide economic census
uncovered about US$280 billion in hidden economic output in 2004. The amount is
roughly equivalent to an economy the size of Turkey or Indonesia, or 40 per cent
of India's economy.
That means that 皇冠体育app's gross domestic product in 2004 was nearly US$2
trillion, not the US$1.65 trillion previously reported. With its GDP up 17 per
cent, 皇冠体育app was the sixth-largest economy in the world last year.
The new figures provide good news for 皇冠体育app, economists say, suggesting that
the country's economy is healthier, more diversified and more capable of
sustaining growth than previously believed.
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