China vs the United States: Economic Indicators Comparison
The United States with a GDP of $20.5T ranked the 1st largest economy in the world, while China ranked 2nd with $13.6T. By GDP 5-years average growth and GDP per capita, the United States and China ranked 113th vs 12th and 11th vs 76th, respectively.
Gross Domestic Product & Income
Stat | China | United States |
---|---|---|
GDP | $13.6T | $20.5T |
GDP growth, 1 year | 6.6% | 2.9% |
GDP growth, 5-years average | 6.9% | 2.4% |
Population | 1.4B | 325.1M |
GDP per capita | $9.8k | $63k |
GDP per capita growth | 6.08% | 2.29% |
Purchasing Power Parity conversion factor | 3.54 | 1 |
Price level ratio of PPP conversion factor GDP to market exchange rate | 0.54 | 1 |
GDP per capita, PPP adjusted | $18k | $63k |
GNI, Atlas method | $13.2T | $20.6T |
GNI per capita | $9.5k | $63k |
GNI, PPP adjusted | $25.3T | $20.8T |
GNI per capita, PPP adjusted | $18k | $64k |
Financial system and Human development
Stat | China | United States |
---|---|---|
Income Tax Rate | 45% | 37% |
Corporate Tax Rate | 25% | 21% |
Inflation, consumer prices | 2.1% | 2.4% |
Inflation, GDP deflator | 2.9% | 2.4% |
Unemployment | 4.4% | 3.9% |
Economic Freedom Index | 59.5 | 76.6 |
Personal Freedom Index | 6 | 8.55 |
Human Freedom Index | 6.11 | 8.39 |
Property Rights Index | 60.9 | 81.8 |
Judical Effectiveness Index | 76.3 | 83.7 |
Business Freedom Index | 76.8 | 83.3 |
Fiscal Health Index | 67.5 | 54.3 |
Labor Freedom Index | 64.4 | 87.9 |
Investment Freedom Index | 20 | 85 |
Financial Freedom Index | 20 | 80 |
Trade Freedom Index | 72.4 | 79.8 |
Monetary Freedom Index | 71.1 | 75.5 |
Government Spending Index | 67.9 | 56.5 |
Tax Burden Index | 70.4 | 74.6 |
Government Integrity Index | 46 | 77.2 |
Corruption Perceptions Index | 39 | 71 |
Life expectancy at birth, years | 76.5 | 78.5 |
Suicide mortality rate, per 100,000 people | 9.7 | 15.3 |
Mortality caused by road traffic injury, per 100,000 people | 18.2 | 12.4 |
Intentional homicides, per 100,000 people | 0.6 | 5.3 |
International tourism, number of arrivals | 62.9M | 79.7M |
Government debt & reserves
Stat | China | United States |
---|---|---|
Central government debt, % of GDP | 50.5% | 105.8% |
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% | 6.1% |
Gross savings, % of GDP | 46.3% | 18.6% |
Gross capital formation, % of GDP | 44.1% | 21% |
Total reserves including gold | $3.2T | $449.9B |
Foreign direct investment net inflows | $203.5B | $258.4B |
Exports, imports and economic structure
Stat | China | United States |
---|---|---|
Exports of goods and services, % of GDP | 19.5% | 12.2% |
Imports of goods and services, % of GDP | 18.7% | 15.3% |
Current account balance (balance of payments) | $49.1B | -$491B |
Revenue excluding grants, % of GDP | 15.8% | 17.2% |
Grants excluding technical cooperation, BoP | $191.6M | N/A |
Personal remittances received | $24.3B | $6.7B |
Industry including construction value added, % of GDP | 40.7% | 18.2% |
Agriculture, forestry and fishing value added, % of GDP | 7.2% | 0.9% |
Charges for the use of intellectual property, payments BoP | $35.8B | $56.1B |
Charges for the use of intellectual property, receipts BoP | $5.6B | $128.7B |
Expense, % of GDP | N/A | 22.4% |
Government Expenditure, % of GDP | 32.7% | 38.1% |