Financial FitnessGeneral Information

US or China? Whose GDP is healthier?

By March 19, 2020 No Comments

According to the National Bureau of Statistics, China’s economy grew by 6.1% in 2019, which is the lowest year-over-year growth rate since 1990, or, 29 years.

In comparison, the US year-over-year growth of GDP in 2019 was 2.3%

After Trump took office, his first full year as president the US GDP in 2017 was 2.4%.

And then in 2018 the GDP growth rate was at 2.9%.

However, when we look at the total GDP for each country, in 2019 the US total GDP was $21.4 trillion and China’s overall GDP in 2019 was at 14.3 trillion.

While the US economy grew slower, our total GDP was approximately 50% more than China’s.

 

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.  All performance referenced is historical and is no guarantee of future results.