Thursday, May 21, 2009

GDP: U.S. vs. China

Sometimes, we lose perspective on what an economic powerhouse the U.S. really is!

A comparison courtesy of a Wolfram Alpha search:

While China's GDP growth averages more than 3Xs that of the U.S.,
pay attention to the current absolute values:  $13.8 Trillion (U.S.) vs. $3.4 Trillion (China)

And...the per capita GDP of the U.S. is approx. 28 times that of China.  Staggering!

| United States | China GDP at exchange rate | $13.78 trillion per year | $3.4 trillion per year  GDP in local currency | $ 13.78 trillion  (US dollars) | yuan 25.87 trillion  (Chinese yuan)
GDP per capita | $41 770 per year | $1533 per year GDP real growth | +3.222%per year | +9.9%per year inflation rate | +2.653%per year | +4.991%per year unemployment rate | 7.2% | 4%

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