China vs the United Kingdom: Economic Indicators Comparison
China with a GDP of $13.6T ranked the 2nd largest economy in the world, while the United Kingdom ranked 5th with $2.9T. By GDP 5-years average growth and GDP per capita, China and the United Kingdom ranked 12th vs 126th and 76th vs 23rd, respectively.
Gross Domestic Product & Income
Stat | China | United Kingdom |
---|---|---|
GDP | $13.6T | $2.9T |
GDP growth, 1 year | 6.6% | 1.4% |
GDP growth, 5-years average | 6.9% | 2.1% |
Population | 1.4B | 66M |
GDP per capita | $9.8k | $43k |
GDP per capita growth | 6.08% | 0.73% |
Purchasing Power Parity conversion factor | 3.54 | 0.7 |
Price level ratio of PPP conversion factor GDP to market exchange rate | 0.54 | 0.93 |
GDP per capita, PPP adjusted | $18k | $46k |
GNI, Atlas method | $13.2T | $2.8T |
GNI per capita | $9.5k | $42k |
GNI, PPP adjusted | $25.3T | $3T |
GNI per capita, PPP adjusted | $18k | $45k |
Financial system and Human development
Stat | China | United Kingdom |
---|---|---|
Income Tax Rate | 45% | 45% |
Corporate Tax Rate | 25% | 20% |
Inflation, consumer prices | 2.1% | 2.5% |
Inflation, GDP deflator | 2.9% | 1.9% |
Unemployment | 4.4% | 4% |
Economic Freedom Index | 59.5 | 79.3 |
Personal Freedom Index | 6 | 9.08 |
Human Freedom Index | 6.11 | 8.55 |
Property Rights Index | 60.9 | 92.2 |
Judical Effectiveness Index | 76.3 | 82.7 |
Business Freedom Index | 76.8 | 94.7 |
Fiscal Health Index | 67.5 | 78.1 |
Labor Freedom Index | 64.4 | 73.1 |
Investment Freedom Index | 20 | 80 |
Financial Freedom Index | 20 | 80 |
Trade Freedom Index | 72.4 | 86.4 |
Monetary Freedom Index | 71.1 | 80.3 |
Government Spending Index | 67.9 | 49.5 |
Tax Burden Index | 70.4 | 64.7 |
Government Integrity Index | 46 | 89.9 |
Corruption Perceptions Index | 39 | 80 |
Life expectancy at birth, years | 76.5 | 81.2 |
Suicide mortality rate, per 100,000 people | 9.7 | 8.9 |
Mortality caused by road traffic injury, per 100,000 people | 18.2 | 3.1 |
Intentional homicides, per 100,000 people | 0.6 | 1.2 |
International tourism, number of arrivals | 62.9M | 36.3M |
Government debt & reserves
Stat | China | United Kingdom |
---|---|---|
Central government debt, % of GDP | 50.5% | 86.9% |
External debt stocks, % of GNI | 14.5% | N/A |
External debt stocks | $2T | N/A |
Short-term debt, % of total reserves | 38.5% | N/A |
Total debt service, % of exports and primary income | 8.2% | N/A |
Adjusted net savings including particulate emission damage, % of GNI | 20.1% | 5.5% |
Gross savings, % of GDP | 46.3% | 13.4% |
Gross capital formation, % of GDP | 44.1% | 17.3% |
Total reserves including gold | $3.2T | $172.7B |
Foreign direct investment net inflows | $203.5B | $35.1B |
Exports, imports and economic structure
Stat | China | United Kingdom |
---|---|---|
Exports of goods and services, % of GDP | 19.5% | 30% |
Imports of goods and services, % of GDP | 18.7% | 31.8% |
Current account balance (balance of payments) | $49.1B | -$123.1B |
Revenue excluding grants, % of GDP | 15.8% | 35.3% |
Grants excluding technical cooperation, BoP | $191.6M | N/A |
Personal remittances received | $24.3B | $4.4B |
Industry including construction value added, % of GDP | 40.7% | 17.5% |
Agriculture, forestry and fishing value added, % of GDP | 7.2% | 0.6% |
Charges for the use of intellectual property, payments BoP | $35.8B | $13.5B |
Charges for the use of intellectual property, receipts BoP | $5.6B | $21.7B |
Expense, % of GDP | N/A | 36% |
Government Expenditure, % of GDP | 32.7% | 41% |