Thought for the day

China: The Biggest Economy. Approximately 38% Larger than the USA


 
8 May 2024
 
China’s Gross Domestic Product is estimated to be approximately 38% larger than the GDP of the USA, when calculated using Purchasing Power Parity data and including estimates of the undervaluation of GDP due to an outdated base year, plus estimates of China's significant informal economy.

Chinese and United States GDP: 2002-2023
GDP in Purchasing Power Parity Terms, Trillions, Int$
China: The Biggest Economy. Approximately 38% Larger than the USA



Data Sources: World Bank, IMF and World Economics

Note: Chinese GDP data quality is rated C grade by World Economics, and so GDP data are usable, with caution. Population data is rated A grade. 

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