Thought of the Day

China Contributed Over 30% of Global Growth
Over the Past Decade


 
20 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.


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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