A Comparison of United States and China GDP

GDP of UNITED STATES & CHINA Compared 2008-2017.

US and China are the two leading economies of the world with the highest GDP (Gross Domestic Product). US economy’s GDP for 2017 was 19.4 Trillion dollars and growth rate 2.3% (WorldBank). As per IMF estimates, U.S. GDP’s growth rate was 2.2% in 2017. China economy’s growth rate in 2017 was 6.9 percent (World Bank & IMF). Its GDP was 12.2 Trillion dollars in 2017 (World Bank).¬† During the 2008-17 period, China’s GDP growth rate was highest in 2010 at 10.6%. US economy achieved the highest growth rate of 2.9% in 2015 (WorldBank).

The following table shows the GDP of U.S. & China during the least ten years (World Bank). Sums are in Trillion dollars.

GDP of United States & China 2008-2017 Trillion dollars (World Bank*)

YearUnited States (Trillions)China (Trillions)
2017$19.391$12.238
2016$18.624$11.191
2015$18.121$11.065
2014$17.428$10.482
2013$16.692$9.607
2012$16.155$8.561
2011$15.518$7.573
2010$14.964$6.101
2009$14.419$5.110
2008$14.719$4.598

The following  table shows the GDP growth rates for US and China during the last ten years (World Bank).

GDP growth rate of United States & China (2008-2017) percentage

YearUnited StatesChina
20172.30%6.9%
20162.60%6.7%
20152.90%6.9%
20142.60%7.3%
20131.70%7.8%
20122.20%7.9%
20111.6%9.5%
20102.50%10.6%
2009-2.80%9.4%
2008-0.30%9.7%

The table below shows the Real GDP Growth rates of US & CHINA from 1980-2023. (Based upon IMF data).

IMF Real GDP Growth (Annual Percent Change) 1980-2023 (CHINA, USA & WORLD)

Real GDP growth (Annual percent change)CHINAUSAWORLD
19807.9-0.32.1
19815.12.51.9
19829-1.80.6
198310.84.62.8
198415.27.24.6
198513.54.23.6
19868.93.53.7
198711.73.53.9
198811.34.24.6
19894.23.73.8
19903.91.93.4
19919.2-0.12.6
199214.33.52.2
199313.92.82.1
199413.143.3
1995112.73.4
19969.93.83.9
19979.24.44
19987.84.52.6
19997.64.83.6
20008.44.14.8
20018.312.5
20029.11.73
2003102.94.3
200410.13.85.4
200511.33.54.9
200612.72.95.5
200714.21.95.6
20089.6-0.13
20099.2-2.5-0.1
201010.62.65.4
20119.51.64.3
20127.92.23.5
20137.81.83.5
20147.32.53.6
20156.92.93.5
20166.71.63.3
20176.92.23.7
20186.62.93.7
20196.22.53.7
20206.21.83.7
202161.73.6
20225.81.53.6
20235.61.43.6

Sources:

Based on world bank data.

(https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=US-CN)

Abhijeet Pratap

I am Abhijeet Pratap, editor of notesmatic. I am an MBA with marketing (major). Apart from writing on various topics in business management, marketing and English literature, I like to read and write about technology.