The information below was compiled by The New York Times earlier this week and it provides some useful graphics for comparison of the two more important economies on the globe. Some things revealed in the data will surprise no one such as the fact that China is growing rapidly or that corporate America is still much larger. However, we think a visual representation like this is just too good not to share.
If the world changed this much in just the last decade, imagine what is ahead in the next. Consider the fact that using the growth rates stated in the graphic, China’s economy would overtake the United States in GDP in the year 2019. Of course, we know that it is unrealistic to expect the growth of these complex economies are constant from decade to decade, but still an amazing fact considering China’s GDP was one-eight our size at the turn of the millennium. By the same logic, Chinese billionaires would outnumber their American counterparts by more than 10 to 1 by 2019.
And hey, remember when General Electric (GE) was the largest company in the world?
