Thought for the day

China is Likely to Match US GDP per Capita

The only question is when


 
13 July 2024
 
The chart below shows East Asian countries have been catching up (and even surpassing ) US GDP per Capita in recent years . South Korea for example, is already approaching US GDP per capita levels. Given China's 40 year record of rapid GDP growth, likely slowly declining population, and central place in Asia, by far the world's fastest growing region, there seems little reason to suppose it won't one day rival the US in terms of wealth per capita.

East Asia GDP Per Capita
Estimates shown for: 2023
China is Likely to Match US GDP per Capita



Note: GDP is shown in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.

Source: World Bank, IMF and World Economics.
 
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