[OC] GDP Breakdown by Economic Sectors (%)Submitted by giteam t3_yaje14 in dataisbeautiful
BananaWitcher t1_itdila3 wrote
Reply to comment by Goodasaholiday in [OC] GDP Breakdown by Economic Sectors (%) by giteam
Land deals and property taxes, I guess? In China, there is no private land and no property tax.
Ulyks t1_iu49kcg wrote
On paper there is no private land but in reality there are a huge amount of land deals.
The government is buying out the farmers and selling the land to developers all the time.
Taxes aren't counted in GDP, that would be GDI.
GDP = consumption + investment + government spending +/- (exports - imports)
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