2019: US GDP per capita $65.000 (Russia: $11.400, China $10.000)

[Get Ya Wig Split]

Massive gap...US GDP per capita is 6 times bigger than Chine’s GDP.

GDP Per Capita: United States

GDP Per Capita: China

GDP Per Capita: Russia

China has a long way to go before catching up with the United States.

https://www.focus-economics.com/blog/richest-countries-in-the-world

https://knoema.com/pjeqzh/gdp-per-c...tics-from-imf-1980-2023?country=United States

 

[TheNoob]

China does have a way to go.
But are you forgetting the fast growth of GDP in the last 15 years?
That is impressive!

 

[Get Ya Wig Split]

China does have a way to go.
But are you forgetting the fast growth of GDP in the last 15 years?
That is impressive!

The Chinese Economy Is Slowing Down though

 

[TheNoob]

The Chinese Economy Is Slowing Down though

It is reaching its high point.
but, what i'm saying is.
To get there, it did not take them long!

Eventually, China will come up with a future plan once it reaches the height of its current statistics.

 

[beijingwalker]

The Chinese Economy Is Slowing Down though

Check the growth rate frome the chart you provided, still much much higher than other countries. China is still a developing country, we never denied this fact.

 

[Yongpeng Sun-Tastaufen]

China artificially deflate their currency to make their industries competitive. So counting China and Russia GDP in USD is comparing apples and oranges.

 

[Progressive1]

US is human miracle, most successful country ever.

 

[Kiss_of_the_Dragon]

Massive gap...US GDP per capita is 6 times bigger than Chine’s GDP.

GDP Per Capita: United States

China has a long way to go before catching up with the United States.

https://www.focus-economics.com/blog/richest-countries-in-the-world

https://knoema.com/pjeqzh/gdp-per-capita-by-country-statistics-from-imf-1980-2023?country=United States

China has a long way to go to catch up US over GDP, but as normal citizen we Chinese are always richer than American, we work hard and make alot of saving while American spend every penny they earned...wondering why American keep borrowing money and keep over spending?

 

[Mista]

GDP Per Capita: China

GDP Per Capita: Russia

China has a long way to go before catching up with the United States.

https://www.focus-economics.com/blog/richest-countries-in-the-world

https://knoema.com/pjeqzh/gdp-per-capita-by-country-statistics-from-imf-1980-2023?country=United States

That's interesting. Russia(1999) after it stabilized actually grew slightly faster than China (2018) when both are at around 29% of US's GDP per capita. I always thought Russia grew quite slowly after the dissolution of the USSR.

You can try showing how other countries are doing when they are at 30% of US for comparison.

 

[vostok]

That's interesting. Russia(1999) after it stabilized actually grew slightly faster than China (2018) when both are at around 29% of US's GDP per capita. I always thought Russia grew quite slowly after the dissolution of the USSR.

You can try showing how other countries are doing when they are at 30% of US for comparison.

You can see that the Russian currency is extremely undervalued. The difference between nominal GDP and GDP PPP is about 300%.

 

[Yongpeng Sun-Tastaufen]

Nominal USD means nothing. Things sold in China and Russia aren't sold in USD.

 

[prashantazazel]

China has a long way to go to catch up US over GDP, but as normal citizen we Chinese are always richer than American, we work hard and make alot of saving while American spend every penny they earned...wondering why American keep borrowing money and keep over spending?

American spending is one of the key drivers of world economy.

 

[beijingwalker]

American spending is one of the key drivers of world economy.

So is ours, and Chine contritubes over a third of the global GDP growth.

China will overtake the US as the world's biggest retail market this year
By Daniel Shane, CNN Business

https://www.cnn.com/2019/01/23/business/china-retail-sales-us/index.html

 

[prashantazazel]

So is ours, and Chine contritube over a third os global GDP growth.

China will overtake the US as the world's biggest retail market this year
By Daniel Shane, CNN Business

https://www.cnn.com/2019/01/23/business/china-retail-sales-us/index.html

No doubt.

 

[Mista]

You can see that the Russian currency is extremely undervalued. The difference between nominal GDP and GDP PPP is about 300%.

Yes, Russia is ridiculously cheap right now from what I see in many videos.