TOP FIVE COUNTRIES BY GLOBAL SHARE OF GROSS DOMESTIC PRODUCT
Based on purchasing-power parity
[The following text appears within a chart. Please see your hard copy for actual chart.]
1980
’85
’90
’95
2000
’05
’10
’15
’19
U.S.
CHINA
JAPAN
GERMANY
INDIA
0
5
10
15
20
2019 The year China’s economy will become larger than the U.S.’s (at about 18% of world share)
CHINA’S POPULATION WILL REMAIN POOR
$16,000 Projected per capita GDP in 2019, based on purchasing-power parity, compared with a projected $66,000 in the U.S.
ITS MANUFACTURING COSTS WILL RISE
102% Projected cost of manufacturing in China, compared with that in the U.S. in 2018, up from 96% of the U.S. cost now, in part because of rapidly rising wages
AND ITS GROWTH WILL NEGATIVELY IMPACT THE ENVIRONMENT
31% Projected share of global CO2 emissions in 2019, compared with 15% from the U.S.
SOURCES: IMF; BOSTON CONSULTING GROUP; U.S. ENERGY INFORMATION ADMINISTRATION
This appears in the September 08, 2014 issue of TIME.
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