Comparing China and India by Economy

Source World Bank : Nominal, PPP, Nominal per capita, PPP per capita
International Monetary Fund
Date28 Aug 2019

China and India are the two emerging economies of the world. As of 2019, China and India is 2nd and 5th largest country of the world, respectively in nominal basis. On PPP basis, China is at 1st and India is at 3rd place. Both countries together share 19.46% and 27.18% of total global wealth in nominal and PPP terms, respectively. Among Asian countries, China and India together contribute more than half of Asia's GDP.

In 1987, GDP (Nominal) of both countries was almost equal. But in 2019, China's gdp is 4.78 times greater than India. On ppp basis, GDP of China is 2.38x of India. China crossed $1 trillion mark in 1998 while India crossed 9 year later in 2007 at exchange rate basis.

Both countries has been neck-to-neck in gdp per capita terms. As per both method, India was richer than China in 1990. Now in 2019, China is almost 4.61 times richer than India in nominal method and 2.30 times richer in ppp method. Per capita rank of China and India is 72th and 145th, resp, in nominal. Per capita rank of China and India is 75th and 126th, resp, in ppp.

China attains maximum gdp growth rate of 19.30% in year 1970 and minimum -27.27% in 1961. India reached an all time high of 9.63% in 1988 and a record low of -5.24% in 1979. During period 1961 to 2018, China grew by more than 10% in 22 years while India never. GDP growth rate was negative in five and four years for China and India, respectively.

According to CIA Fackbook sector wise GDP composition of India in 2017 are as follows : Agriculture (15.4%), Industry (23%) and Services (61.5%). Sector wise GDP composition of China in 2017 are : Agriculture (8.3%), Industry (39.5%) and Services (52.2%).

China vs India by GDP
China vs India by GDP thumbnail
GDP
China vs India by GDP per capita
China vs India by GDP per capita thumbnail
GDP per capita
China vs India by GDP Growth rate
China vs India by GDP Growth rate thumbnail
GDP Growth
Projections by IMF
Year Nominal GDP (billions $) PPP GDP (billions Int. $) Nominal GDP capita ($) PPP GDP capita (Int. $) Growth (%)
USChinaUSChina USChinaUSChinaUSChina
201914,216.502,972.0027,331.1711,468.0210,1532,19919,5208,4846.2677.257
202015,468.103,257.7229,609.0912,584.2311,0142,37921,0829,1896.1197.489
202116,806.503,577.3232,038.0913,840.0811,9352,57822,7529,9746.0007.740
202218,206.853,924.1134,581.3615,218.5212,9002,79124,50310,8255.7507.731
202319,713.524,306.2937,274.6816,736.5313,9703,02326,41411,7505.6007.742
202421,309.504,729.3240,147.7718,408.8515,1023,27728,45312,7575.5007.737
Estimates by World Bank
Year Nominal GDP (billions $) PPP GDP (billions Int. $) Nominal GDP capita ($) PPP GDP capita (Int. $) Growth (%)
USChinaUSChina USChinaUSChinaUSChina
196059.7237.03--9082----
196150.0639.23--7685---27.2703.723
196247.2142.16--7190---5.5802.931
196350.7148.42--74101--10.3005.994
196459.7156.48--85116--18.1807.453
196570.4459.55--98119--16.950-2.636
196676.7245.87--10490--10.650-0.055
196772.8850.13--9796---5.7707.826
196870.8553.09--91100---4.1003.388
196979.7158.45--100108--16.9406.540
197092.6062.42--113112--19.3005.157
197199.8067.35--119119--7.0601.643
1972113.6971.46--132123--3.810-0.553
1973138.5485.52--157144--7.7603.296
1974144.1899.53--160163--2.3101.185
1975163.4398.47--178158--8.7209.150
1976153.94102.72--165161---1.5701.663
1977174.94121.49--185186--7.5707.255
1978149.54137.30--156206--11.1345.713
1979178.28152.99--184224--7.600-5.238
1980191.15186.33--195267--7.8076.736
1981195.87193.49--197270--5.1726.006
1982205.09200.72--203274--8.9343.476
1983230.69218.26--225291--10.8357.289
1984259.95212.16--251277--15.1393.821
1985309.49232.51--294296--13.4435.254
1986300.76248.99--282310--8.9404.777
1987272.97279.03--252340--11.6893.965
1988312.35296.59--284354--11.2359.628
1989347.77296.04--311346--4.1865.947
1990360.86320.981,121.161,079.963183689881,2373.9075.533
1991383.37270.111,266.801,128.283333031,1011,2669.2941.057
1992426.92288.211,479.861,217.263663171,2701,33914.2165.482
1993444.73279.301,725.001,305.303773011,4641,40713.8684.751
1994564.33327.281,991.801,421.944733461,6711,50413.0526.659
1995734.55360.282,256.221,561.726103741,8731,62010.9497.574
1996863.75392.902,525.641,710.387094002,0741,7419.9287.550
1997961.60415.872,806.351,810.347824152,2811,8099.2314.050
19981,029.04421.353,060.361,943.938294132,4641,9077.8386.184
19991,094.00458.823,342.592,146.448734422,6682,0687.6678.846
20001,211.35468.403,707.492,278.719594432,9362,1578.4923.841
20011,339.40485.444,104.792,441.021,0534523,2272,2718.3404.824
20021,470.55514.944,550.442,573.961,1494713,5542,3549.1313.804
20031,660.29607.705,100.102,827.841,2895473,9582,54410.0367.860
20041,955.35709.155,766.973,134.051,5096284,4502,77410.1117.923
20052,285.97820.386,624.273,487.731,7537155,0813,03911.3967.923
20062,752.13940.267,692.803,882.922,0998075,8683,33212.7198.061
20073,550.341,216.749,023.654,292.692,6941,0286,8473,62814.2317.661
20084,594.311,198.9010,087.304,511.263,4689997,6153,7579.6543.087
20095,101.701,341.8911,119.604,903.033,8321,1028,3534,0269.4007.862
20106,087.161,675.6212,445.705,381.664,5501,3589,3044,36010.6368.498
20117,551.501,823.0513,919.105,782.045,6181,45810,3554,6259.5515.241
20128,532.231,827.6415,301.106,214.476,3171,44411,3284,9107.8605.456
20139,570.411,856.7216,779.106,727.357,0511,45012,3615,2527.7696.386
201410,438.502,039.1318,344.507,362.577,6511,57413,4465,6837.3007.410
201511,015.502,103.5919,821.008,036.338,0331,60614,4556,1346.9057.996
201611,137.902,290.4321,387.608,787.928,0791,72915,5136,6356.7378.170
201712,143.502,652.5523,266.809,596.848,7591,98116,7827,1696.7577.168
201813,608.202,726.3225,361.7010,498.509,7712,01618,2107,7626.6006.982