Thought for the day

China Contributed 30.9% of Global Growth
Over the Past Decade


 
13 July 2024
 
Over the past decade China has contributed 30.9% to global growth, compared with the USA's contribution of 9.0%. Compound Annual Growth over the last 3 years has been 6.3%, almost double the USA rate. Few predict China's growth differential in relation to the USA will disappear in the near future.

China’s Annual GDP Growth has Consistently Outperformed the United States
China Contributed 30.9% of Global Growth - Over the Past Decade



Source: GDP growth rate estimates derived from the IMF World Economic Outlook Database & World Bank.

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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