Which GDP is higher US or China?
As per projections by IMF for 2021, United States is leading by $6,033 bn or 1.36 times on an exchange rate basis. The economy of China is Int. $3,982 billion or 1.18x of the US on purchasing power parity basis. According to estimates by World Bank, China’s gdp was approx 11% of the US in 1960, but in 2019 it is 67%.
Does China have a higher GDP than India?
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.
Which state has the highest GDP in China?
Guangdong’s GDP ranked first for the 33rd consecutive year This ensures that Guangdong ranked first in the country for the 33rd consecutive year. To compare, based on 2020 statistics, Guangdong’s GDP was higher than Italy (US$1.89 trillion), Canada (US$1.64 trillion), and South Korea (US$1.64 trillion).
Which state contributes highest to India’s GDP?
Maharashtra
List
| Rank | State/Union Territory | GDP in Indian Rupees(Lakh₹) |
|---|---|---|
| 1 | Maharashtra | 28,18,55,457 |
| 2 | Tamil Nadu | 17,97,22,872 |
| 3 | Uttar Pradesh | 16,87,81,799 |
| 4 | Gujarat | 16,30,24,012 |
Is India comparable with China?
That China’s economy, at $14 trillion, is five times larger than India’s, at $2.85 trillion, is no secret. But that simple and sweeping comparison doesn’t adequately capture the gulf between the two economies that are still, in many quarters, talked about in the same breath.
What is the wealthiest state in India?
Maharashtra is the richest state in India. The state capital Mumbai is also known as the economic capital of the country.
How big is China’s economy compared to India’s?
China’s GDP (and hence its economy) is about 5 times as big as the current GDP of India in 2013-2014. The biggest economy (USA) is about 9 times as big as ours. Let’s forget absolute numbers for now and look at relative growth charts.
Is the United States richer than Japan and India?
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.
Is China richer than the United States of America?
The Per capita income of the United States is 5.78 and 3.61 times higher than that of China in nominal and PPP terms, respectively. The US is the 5th richest country in the world, whereas China comes at 63rd rank. On a PPP basis, The United States is in 8th position, and China is at 76th.
What percentage of the world’s wealth is shared by China and India?
Both countries share 21% and 26% of the 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, the GDP (Nominal) of both countries was almost equal; even in ppp terms, China was slightly ahead of India in 1990.