There is a lot of talk these days about how fast the emerging economies of China and India are growing. The latest GDP ranking by the World Bank shows how much China and India need to grow to catch up with the US and Japan. The United States leads the list with an economy of $11.6 trillion followed by Japan at $4.6 trillion (all figures in US dollars). China ranks 7th with an economy of $1.6 trillion and India is ranked 10th with $690 billion. In other words, the US economy is still more than 7 times bigger than China’s and 16 times bigger than India’s. That’s a lot of catching up to do and as the saying goes there is many a slip between the cup and the lip.
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1 response so far ↓
1 Jose Anes // Jul 25, 2005 at 4:10 pm
That is… unless you take the European Union (all of it) as a country.
Unified economies may pose a serious challenge to the US economy.
Then again, they may become a serious trading partner.
Money and Investing
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