Comparing United States and China by Economy

Source World Bank : Nominal, PPP, Nominal per capita, PPP per capita
International Monetary Fund
Date02 Jun 2019

United States and China are the two largest economies of the world in both Nominal and PPP method. US is at top in nominal whereas China is at top in PPP since 2013 after overtaking US. Both country together share 40.75% and 34.27% of total world's GDP in nominal and PPP terms, respectively in 2019. GDP of both country is higher than 3rd ranked country Japan (nominal) and India (PPP) by a huge margin. Therefore, only these two are in competition to become first.

As per projections by IMF for 2019, United States is leading by $7,128 bn or 1.50 times on exchange rate basis. Economy of China is Int. $5,987 billion or 1.28 times more than US on purchasing power parity basis. Acc to estimates by World Bank, China gdp was approx 11% of US in 1960 but in 2017 it is 63%.

Due to vast population of China, more than 4 times of US's population, difference between these two country is very high in terms of per capita income. Per capita income of United States is 6.38 and 3.32 times greater than of China in nominal and PPP terms, respectively. US is the 8th richest country of the world whereas China comes at 72th rank. On PPP basis, United states is at 12th position and China is at 75th.

China attains maximum gdp growth rate of 19.30% in year 1970 and minimum -27.27% in 1961. During period 1961 to 2017, China grew by more than 10% in 22 years. United States reached an all time high of 7.26% in 1984 and a record low of -2.78% in 2009. GDP growth rate was negative in seven years for US. China showed negative growth 5 years.

Acc to World Factbook, China is ahead of US in Agriculture and Industry sector. Agriculture Output of United States is only 17.58% of China and 77.58% for Industry sector. Services sector of US is more than double of China.

United States vs China by GDP
United States vs China by GDP thumbnail
GDP
United States vs China by GDP per capita
United States vs China by GDP per capita thumbnail
GDP per capita
United States vs China by GDP Growth rate
United States vs China by GDP Growth rate thumbnail
GDP Growth
Projections by IMF
YearNominal GDP (billions $) PPP GDP (billions Int. $)Nominal GDP capita ($) PPP GDP capita (Int. $)Growth (%)
USChinaUSChina USChinaUSChinaUSChina
201820,494.0513,407.4020,494.0525,270.0762,6069,60862,60618,1102.8576.567
201921,344.6714,216.5021,344.6727,331.1764,76710,15364,76719,5202.3316.267
202022,198.1215,468.1022,198.1229,609.0966,90011,01466,90021,0821.8716.119
202123,059.6516,806.5023,059.6532,038.0969,02511,93569,02522,7521.7666.000
202223,922.8218,206.8523,922.8234,581.3671,12212,90071,12224,5031.6405.750
202324,812.9619,713.5224,812.9637,274.6873,26813,97073,26826,4141.6155.600
202425,728.7321,309.5025,728.7340,147.7775,45615,10275,45628,4531.5655.500
Estimates by World Bank
YearNominal GDP (billions $) PPP GDP (billions Int. $)Nominal GDP capita ($) PPP GDP capita (Int. $)Growth (%)
USChinaUSChina USChinaUSChinaUSChina
1960543.3059.72--3,00790----
1961563.3050.06--3,06776--2.300-27.270
1962605.1047.21--3,24471--6.100-5.580
1963638.6050.71--3,37574--4.40010.300
1964685.8059.71--3,57485--5.80018.180
1965743.7070.44--3,82898--6.40016.950
1966815.0076.72--4,146104--6.50010.650
1967861.7072.88--4,33697--2.500-5.770
1968942.5070.85--4,69691--4.800-4.100
19691,019.9079.71--5,032100--3.10016.940
19701,075.8892.60--5,247113--3.20719.300
19711,167.7799.80--5,623119--3.2957.060
19721,282.45113.69--6,110132--5.2633.810
19731,428.55138.54--6,741157--5.6437.760
19741,548.83144.18--7,242160---0.5172.310
19751,688.92163.43--7,820178---0.1988.720
19761,877.59153.94--8,611165--5.386-1.570
19772,085.95174.94--9,471185--4.6097.570
19782,356.57149.54--10,587156--5.56211.667
19792,632.14178.28--11,696184--3.1767.600
19802,862.51191.15--12,598195---0.2457.807
19813,210.96195.87--13,993197--2.5945.172
19823,344.99205.09--14,439203---1.9118.934
19833,638.14230.69--15,561225--4.63210.835
19844,040.69259.95--17,134251--7.25915.139
19854,346.73309.49--18,269294--4.23913.443
19864,590.16300.76--19,115282--3.5128.940
19874,870.22272.97--20,101252--3.46211.689
19885,252.63312.35--21,483284--4.20411.235
19895,657.69347.77--22,922311--3.6814.186
19905,979.59360.865,979.591,119.9423,95431823,9549871.9193.907
19916,174.04383.376,174.041,264.7724,40533324,4051,099-0.0749.294
19926,539.30426.926,539.301,477.5025,49336625,4931,2683.55514.216
19936,878.72444.736,878.721,722.4226,46537726,4651,4622.74613.868
19947,308.76564.337,308.761,988.6727,77747327,7771,6694.03813.052
19957,664.06734.557,664.062,252.4428,78261028,7821,8692.71910.949
19968,100.20863.758,100.202,521.2730,06870930,0682,0713.7969.928
19978,608.52961.608,608.522,801.1431,57378231,5732,2774.4879.231
19989,089.171,029.049,089.173,053.4632,94982932,9492,4594.4507.838
19999,660.621,094.009,660.623,337.8934,62187334,6212,6644.6857.667
200010,284.801,211.3510,284.803,703.7436,45095936,4502,9334.0928.492
200110,621.801,339.4010,621.804,104.0737,2741,05337,2743,2270.9768.340
200210,977.501,470.5510,977.504,547.5538,1661,14938,1663,5521.7869.131
200311,510.701,660.2911,510.705,103.7139,6771,28939,6773,9612.80710.036
200412,274.901,955.3512,274.905,774.2841,9221,50941,9224,4553.78610.111
200513,093.702,285.9713,093.706,639.2744,3081,75344,3085,0933.34511.396
200613,855.902,752.1313,855.907,713.6746,4372,09946,4375,8842.66712.719
200714,477.603,552.1814,477.609,045.9448,0622,69548,0626,8641.77914.231
200814,718.604,598.2114,718.6010,113.8048,4013,47148,4017,635-0.2929.654
200914,418.705,109.9514,418.7011,148.5047,0023,83847,0028,374-2.7769.400
201014,964.406,100.6214,964.4012,485.0048,3754,56148,3759,3332.53210.636
201115,517.907,572.5515,517.9013,957.9049,7945,63449,79410,3841.6019.536
201216,155.308,560.5516,155.3015,331.8051,4516,33851,45111,3512.2247.856
201316,691.509,607.2216,691.5016,788.0052,7827,07852,78212,3681.6777.758
201417,427.6010,482.4017,427.6018,336.4054,6977,68454,69713,4402.5697.298
201518,120.7011,064.7018,120.7019,814.3056,4448,06956,44414,4502.8626.900
201618,624.5011,191.0018,624.5021,411.5057,5898,11757,58915,5311.4856.700
201719,390.6012,237.7019,390.6023,300.8059,5328,82759,53216,8072.2736.900