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.
- Inside Mississippi's Last Abortion Clinic—and the Biggest Fight for Abortion Rights in a Generation
- Do Current COVID-19 Tests Still Detect Omicron?
- The First U.S. Offshore Wind Farm Could Be a Lifeline for Struggling New England Cities
- Welcome to TV's Era of Peak Redundancy
- The Key Role a Local Newspaper Played in the Trial Over Ahmaud Arbery's Murder
- TIME's Top 100 Photos of 2021
- 2021: The Year the Grift Kept Giving
