Skip to main content
economy

China vs US Economy 2026: GDP, Growth & Trade

The US economy is larger by nominal GDP ($27.4T vs $17.9T in 2024), but China's economy grows faster at 5.2% annually and manufactures 28% of global goods. The US leads in per-capita income ($76,398 vs $12,556) and technological innovation, while China dominates in foreign exchange reserves and global trade volume.

United States Economy

United States Economy

World's largest developed economy with $27.4 trillion GDP and technology/finance dominance

Investors seeking stable, developed-market exposure; companies targeting high-income consumers; those studying advanced economies and innovation ecosystems

Score67%
VS
CE

China's Economy

World's second-largest economy at $17.8 trillion with 28% global manufacturing share and 5% annual growth

Investors seeking high-growth emerging markets; supply chain strategists; companies targeting mass-market consumers; those analyzing manufacturing and trade dynamics

Score67%

Quick Answer

AI Summary

The US economy is larger by nominal GDP ($27.4T vs $17.9T in 2024), but China's economy grows faster at 5.2% annually and manufactures 28% of global goods. The US leads in per-capita income ($76,398 vs $12,556) and technological innovation, while China dominates in foreign exchange reserves and global trade volume.

Our Verdict

AI-assisted

The United States maintains a larger overall economy with higher per-capita wealth and lower unemployment, making it more developed on individual prosperity metrics. China's economy grows faster, controls manufacturing, and holds vastly larger reserves, positioning it as the faster-expanding economic power. Choose the US economy analysis if studying developed-world economic stability and innovation; choose China's if analyzing rapid growth markets and global manufacturing dominance.

Community feedback

Was this verdict helpful?

United States Economy
7.2/10
China's Economy
7.8/10
C
United States Economy

Choose United States Economy if

Investors seeking stable, developed-market exposure; companies targeting high-income consumers; those studying advanced economies and innovation ecosystems

C

Choose China's Economy if

Best pick

Investors seeking high-growth emerging markets; supply chain strategists; companies targeting mass-market consumers; those analyzing manufacturing and trade dynamics

Track this comparison

Get notified when prices change, new specs ship, or our verdict updates.

Triggers: price change new spec verdict update

No spam. Stop anytime.

Key Differences at a Glance

  • Nominal GDP (2024):United States Economy wins($27.4 trillion vs $17.9 trillion)
  • GDP Growth Rate (2024):China's Economy wins(5.2% vs 2.5%)
  • Per Capita Income:United States Economy wins($76,398 vs $12,556)
See all 7 differences

Key Facts & Figures

271 numeric metrics compared

MetricUnited States EconomyChina's EconomyRatio
R&D Spending as % of GDP(%)3.5%
Total Nominal GDP 2026(USD Trillion)$30.0-30.5 trillion~$31.7 trillion
Global EV Production Share(%)17%70%
Global Battery (LFP) Production(%)~6%94%
Global Manufacturing Output(%)~16%35%
Unemployment Rate 2026 (Projected)(%)~3.8-4.0%~4.1%
Global EV Market Share(%)20-25%
Projected GDP Growth Rate 2026(percent)2.2%
Government Defense Expenditure(USD Billions)$925.8 billion
Government Health Expenditure(USD Million)$4.18 trillion (2024)$620 billion (2023)
Tariff Impact Risk on GDP(Percentage Points)0.3-0.5%
Total GDP 2026(USD Trillions)30.0+~27-28 trillion
Government Defense Expenditure 2024(billion USD)$925.8 billion
Government Health Expenditure 2024(billion USD)$4,175 billion
Education Expenditure Per Capita 2023(USD)$4,481
EV Production Share(% of global)~20%70%
Solar Panel Manufacturing(% of global)6%
Global Solar Panel Production(%)~10%80%+ of global output
GDP Growth Rate (2026)(%)2.0-2.5%
Defence Expenditure (2024)(billion USD)€925.8 billion
Expected GDP Growth Rate 2026(%)2.0-2.5%4.5-5.0%
Global EV Production Market Share(%)25-30% of global EVs70% of global EVs
Solar Panel Production(% of global)8-10%80%+
Unemployment Rate Projection(%)~4.0%
Annual Infrastructure Investment(USD billion)$310 billion
2026 GDP Growth Target(percent)2.0-2.5%
Health Expenditure (Government)(million USD)$4,175,432 million (2024)
Defense Expenditure(Million Euros)€925,796.8 million
Per Capita GDP 2026(USD)$89,000
Total Government Expenditure 2024(USD Billion)$10,266.8
Defense Expenditure 2024(USD Billion)$925.8€296.5 billion
Tariff Vulnerability Impact(USD Billions)Lower exposure$400-800B potential loss
Battery Production (LFP)(Percent (%))~6% of global94% of global
Government Defense Expenditure (2024)(billion €)€925.8 billion
GDP Growth Rate (2026 Target)(%)2.0-2.5%
LFP Battery Production Share(%)6%
Tariff Impact Risk to GDP(percentage points)Minimal
AI Adoption Growth Contribution(percentage points)0.4-0.6%
Lithium Iron Phosphate Battery Production(%)~15%94%
Per Capita GDP (Nominal)(USD)$89,000+
Global Solar Panel Production Share(%)9%
Potential Tariff Impact on GDP Growth(percentage points)0.2-0.4pp
AI Adoption Boost to Growth(Percentage Points)0.3-0.5% (from AI investment)
Real GDP Growth Rate 2026(Percent)2.2%
Lithium Iron Phosphate Battery Production Share(%)4%
EV Production (Global Share)(%)15%
Solar Panel Production (Global Share)(%)12%
Potential Tariff Impact (2026-2027)(billion USD annual reduction)$50-150B
PPP-Adjusted GDP 2026(USD trillion)$31.5 trillion$45.78 trillion
Projected Annual GDP Growth Rate(percent)2.1%
Global Economic Ranking 2026(rank)1st
Government Debt to GDP Ratio(Percent (%))123%77%
Population(Millions)339 million1,426 million
Annual R&D Investment(USD billion)$809 billion
Unemployment Rate Forecast 2026(percent)~4.0%
Average EV Cost (Entry Model)(USD (converted))$35,000-45,000
GDP Per Capita (Nominal)(USD)$94,430
GDP per Capita 2026(USD)$94,430
GDP Gap vs Competitor(USD Trillions)$11.1 trillion ahead
Global Economic Ranking(Rank)1st
GDP as Percentage of Global Economy(Percent)~25-26% of global GDP
Global Economic Rank 2026(rank)1st
Projected Global Rank 2031(rank)1st (maintained)
Expected Consumption Growth 2026(%)~1.8%
Share of Global GDP 2026(percent)26.2%
Total Nominal GDP (2026)(USD Trillion)$28.0 trillion
GDP Per Capita (Nominal, 2026)(USD)$85,000
Gross Domestic Product (GDP)(USD Trillion)$27.4 trillion
Government Expenditure(USD Million)€10,217,935.3 million
Education Expenditure Per Capita(USD)$3,981
Fragile States Index(score)44.5
GDP Growth Rate (YoY)(Percentage)~2.8%
Exchange Rate vs Euro(EUR conversion)1 EUR = 1.1797 USD
GDP Growth Rate 2026(%)2.0-2.4%4.6-4.8%
Quarterly GDP Growth (Q1 2026)(% (q/q, SAAR))2.0%
GDP per Capita (estimated 2026)(USD)$96,500+
GDP Advantage Over Rival(USD Trillion)$11.53 trillion lead
Total Annual GDP(USD trillions)$27.23 trillion
Government Debt as % of GDP(percent)122.27%
Government Expenditure as % of GDP(percent)37.74%
Defence Expenditure(USD billions)$925.8 billion
Projected Economic Growth 2026(percent)3.5%
Population (2024)(millions)336 million
Annual Real GDP Growth Rate (2024)(Percent)2.8%
Manufacturing Sector Contribution(Percent of GDP)11.8%
Share of Global GDP(% of world economy)25.5%
Median Population Age(Years)38.5 years38.6 years
Gross Domestic Product (2024)(USD trillions)$27.4 trillion
Nominal GDP (2025)(USD trillion)$27.4 trillion$17.8 trillion
Unemployment Rate (2025)(%)4.2%4.1%
Inflation Rate (2025)(%)2.9%
Annual Automotive Exports(USD billion)$156 billion
Global Fortune 500 Companies(count)167 companies
Exports as % of GDP(percent)11.2%
Nominal GDP (2024)(USD Trillions)$27.4T
Real GDP Growth Rate (2024)(Percent Annual)2.1%
GDP Per Capita (2024)(USD)$82,000
Foreign Exchange Reserves(USD Trillions)$0.13T
Unemployment Rate (2024)(Percent)4.1%
Global Manufacturing Share(Percent of Global)12%
Tech Sector Market Capitalization(USD Trillions)$15.2T (Apple, Microsoft, Google, Amazon, Nvidia, Tesla, Broadcom)
Median Population Age(Years)38.9 years
Total Exports(USD trillions)$2.1 trillion
Total GDP 2024(USD Trillion)$27.4 trillion
GDP Per Capita 2024(USD)$82,000
GDP Per Capita(USD)$82,900$12,720
Real GDP Growth Rate (2024)(%)2.5%5.2%
Total Merchandise Trade Volume(USD trillion)$2.4 trillion$4.3 trillion
Foreign Direct Investment Inflows(USD billions)$285 billion (2023)$163 billion (2023)
Nominal Gross Domestic Product(USD trillion)$27.4 trillion
GDP Per Capita(USD)$82,500
Unemployment Rate(%)4.1%
Government Debt-to-GDP Ratio(%)123%
Average Annual Wage(USD)$62,400
Inflation Rate(%)2.8%
Population(millions)339 million
Global Venture Capital Share(%)65%
GDP Growth Rate(%)2.5%5.0%
Per Capita GDP(USD)$76,398$12,556
Foreign Exchange Reserves(trillion USD)$0.1306 trillion$3.3 trillion
Total Debt to GDP Ratio(% of GDP)129%282%
Annual Exports(trillion USD)$2.1 trillion
R&D Spending(USD billion)3.5%2.1%
GDP Growth Rate (2025)(% annual)2.1%5.2%
Per Capita GDP (PPP)(USD)$80,412$23,482
E-commerce as % of Retail(percentage)16.3%42.8%
Government Debt-to-GDP(Percent)123%77.8%
Technology Sector Market Cap(USD trillions)$12.8 trillion$4.2 trillion
Total GDP (2024)(USD trillions)$27.4 trillion
Total Population(millions)340 million
Renewable Energy Share(%)21% of electricity
Nominal GDP(USD Trillion)$27.4 trillion$17.8 trillion
Fortune 500 Companies(count)135 companies142 companies
Total Annual Exports(USD trillion)$2.1 trillion
National Debt(trillion USD)$33.2 trillion
Annual GDP Growth Rate(%)2.5%5.0%
Manufacturing Sector Share(% of GDP)11%
Service Sector Share(% of GDP)80.1%
Foreign Direct Investment (Annual)(billion USD)$285 billion
Projected GDP in 2030(USD trillion)$31.2 trillion
Global Manufacturing Share(%)18%28%
Trade Surplus/Deficit(USD Billions)-$73 billion deficit$631.8 billion surplus
Manufacturing Output (Global Share)(Percent)12%28%
Unemployment Rate (2024)(%)4.1%5.1%
Trade Balance (Annual)(USD Billion)$-$73 billion
Debt-to-GDP Ratio(percent)123%
Total Merchandise Exports(USD Trillions)$2.3T$2.1T
GDP Growth Rate 2023(Percent Annual)2.5%
Manufacturing Share of GDP(Percent)11.5%
Unemployment Rate 2024(Percent)4.1%
Defense Spending(USD billion)$820 billion$230 billion
Annual Patent Filings(thousands)714,0001,224,000
GDP at Purchasing Power Parity(USD trillion)$27.4 trillion
Global Export Share(% of global exports)8.2%
GDP by Purchasing Power Parity(trillion USD)$28.0 trillion
Annual Trade Balance(USD billions)-$773 billion (deficit)
Foreign Direct Investment Annual Inflow(USD Billions)$285 billion
Annual Real GDP Growth Rate(%)2.5%5.4% (2024 estimate)
Trade Balance (2024)(USD Billions)-$73.1 billion+$632 billion surplus
Working-Age Population Growth Rate(% Annual Change)+0.4% (growing)-1.6% (declining)
Total GDP (Nominal)(USD Trillion)$27.9 trillion$17.9 trillion
Manufacturing Output(USD trillion)11%28%
Average Annual Wage(USD)$68,420$11,000
Patent Filings (Annual)(millions)0.38 million1.67 million
Annual R&D Spending(USD Billion)$809 billion
Manufacturing Share of Global Output(percent)17%
EV Market Penetration (Domestic)(%)9.8%
Stock Market Capitalization (2024)(USD trillions)$42.8 trillion
Global Manufacturing Output Share(%)16%28%
Total Trade Volume (2024)(USD Trillions)$7.1 trillion
Manufacturing as Percentage of GDP(percent)11.8%28.2%
Foreign Direct Investment Inflows (2024)(USD Billions)$269 billion$163 billion
Labor Force Participation Rate(percentage)63.0%
Federal/National Debt as % of GDP(percentage)123%
Tech Sector Market Capitalization (Top 7 Companies)(USD Trillion)$14.2 trillion
Average Annual GDP Growth Rate (2010-2023)(%)2.4%
Purchasing Power Parity GDP(trillion USD)$28.2 trillion
Global Economic Share(%)26% of world GDP
Foreign Direct Investment Inflow (2023)(USD Billion)$285 billion$189 billion
GDP Growth Rate (2024)(%)2.5%5.0%
Gini Coefficient (Income Inequality)(Index (0-100))0.41
Healthcare Spending (% of GDP)(%)17.3%
Trade Balance(USD Billion)-$773 billion deficit+$352 billion surplus
Inflation Rate(%)2.4%
Public Debt as Percentage of GDP(%)123%
Patent Filings in Technology(Annual count)398,144
Foreign Direct Investment(billion USD)$329 billion$163.5 billion
Working Age Population(million people)170 million workers
Nominal GDP (2026)(USD trillions)$28.7 trillion
Foreign Direct Investment (2025)(billion USD)$285 billion
Tech Sector Market Cap(USD trillions)$12.4 trillion
Global Manufacturing Share (2024)(percent)16%
Patent Filings Annually (2023)(thousand filings)615,000
Inflation Rate (2024)(Percent)2.6%
Foreign Currency Reserves(USD Trillion)$130 billion$3.2 trillion
GDP Per Capita (PPP)(USD)$76,398
Manufacturing as % of GDP(Percent (%))11.2%27%
Patent Filings (2024)(thousands filed)415,000
Stock Market Capitalization(trillion USD)$48.2 trillion$14.2 trillion
Average Annual Wage (Tech Sector)(USD)$120,000
Per Capita Income(USD)$76,500
Renewable Energy Capacity(Gigawatts)680 GW
Global Trade Volume Share(%)8.2%
Federal Debt-to-GDP Ratio(%)123%
Total GDP(trillion USD)$27.4 trillion$17.9 trillion
Annual Growth Rate(%)2.7%
Manufacturing Sector(percent of GDP)12%
Technology Sector(percent of GDP)12%
World GDP Share(percent)32.4%
Healthcare Spending % of GDP(percent)16.9%
Renewable Energy Generation(percent)21.6%
Share of Global Manufacturing Output(Percent)16%
Total Trade Volume(trillion USD)$2.9 trillion
Nominal GDP (2024)(USD Trillion)$27.36 trillion$17.9 trillion
Nominal GDP 2026(USD trillion)$28.7 trillion$17-18 trillion
Manufacturing Output Share(% of global)18%27.3%
Tech Sector Market Capitalization(USD trillion)$12.5 trillion
Projected GDP 2030(USD trillion)$32 trillion
Services Sector Share of GDP(Percent (%))80%
Global GDP Share(%)26%
Nominal Gross Domestic Product(USD trillions)$28.7 trillion$17.9 trillion
PPP-Adjusted GDP(trillion USD)$28.2 trillion
Global Trade Exports(USD Trillions)$2.1 trillion
Share of Global GDP (2024)(Percent)31%
Venture Capital Investment(USD billion)$189 billion
Total Gross Domestic Product(USD Billions)$27.4 trillion
Unemployment Rate(percent)4.0%5.0%
R&D Spending (% of GDP)(percent)3.4%
Services Sector Share(percent of GDP)82%
Gini Coefficient (Inequality)(0-1 scale)41.1
Gross Domestic Product(USD trillion)$28.7 trillion
National Debt as % of GDP(percent)123%
Average Annual GDP Growth (2015-2024)(Percent)2.1%
Gross Domestic Product(USD trillion)$27.4 trillion
Annual GDP Growth Rate(%)2.5%
Gini Coefficient (Income Inequality)(0-1 scale)0.41
Statutory Minimum Wage(USD/hour)$7.25
Labor Productivity(USD/hour)$68.40
Manufacturing as % of GDP(%)11.8%
Venture Capital Investment(USD billion)$119 billion
Foreign Direct Investment Inflow(Billion USD)$289B
Annual Merchandise Exports(Trillion USD)$2.1 trillion
Annual GDP Growth Rate (2020-2026 Average)(percent)2.4%
Fortune 500 Tech Companies(companies)195 companies88 companies
Median Age(Years)38.7
Tech Patent Filings (Annual)(Count)285,000
EV Production Market Share(% of Global)18%
Total Nominal GDP(USD trillions)$28.7 trillion
Research & Development Spending(% of GDP)3.5%
Average Annual GDP Growth Rate(% per year)2.1%
Household Savings Rate(percent of disposable income)3.4%
Patent Filings(millions (2023))0.84 million
Share of Global Trade(%)13.3%
National Debt to GDP Ratio(%)123%280%
R&D Investment(billion USD annually)$840 billion
Global Trade Share(% of world trade)12.3%
Real GDP Growth Rate(%)2.1%5.0%
Public Debt-to-GDP Ratio(%)123%
Tech Sector as % of GDP(%)8.2%
GDP Per Capita (2024)(USD)$81,045$12,720
Annual GDP Growth Rate (2024)(Percent (%))2.8%
Global GDP Share (2024)(Percent (%))26.4%
National Debt as Percentage of GDP(%)123%77%
Defense Expenditure (2024)(EUR Billion)$296.5 billion$296.5 billion
Solar Panel Production Share(percent)80%+80%+
Government Expenditure (2024)(USD Billion)$6,177 billion$6,177 billion
GDP Growth Rate (2025-2026)(percent)4.6-4.8%4.6-4.8%
Government Education Spending Per Capita(EUR)€467€467
GDP Per Capita (2025)(USD)$12,720$12,720
Merchandise Exports (2024)(USD trillion)$3.58 trillion$3.58 trillion
Population Median Age(Years)38.4 years38.4 years

Sourced from publicly available data ·

Key Differences

7 attributes compared head-to-head

United States Economy
3United States Economy
China's Economy leads
CE
4China's Economy
  • Nominal GDP (2024)

    United States Economy

    $27.4 trillion(winner)

    China's Economy

    $17.9 trillion

  • GDP Growth Rate (2024)

    United States Economy

    2.5%

    China's Economy

    5.2%(winner)

  • Per Capita Income

    United States Economy

    $76,398(winner)

    China's Economy

    $12,556

  • Foreign Exchange Reserves

    United States Economy

    $130 billion

    China's Economy

    $3.3 trillion(winner)

  • Manufacturing Share of Global Output

    United States Economy

    16%

    China's Economy

    28%(winner)

  • Unemployment Rate (2024)

    United States Economy

    4.1%(winner)

    China's Economy

    5.1%

  • Fortune 500 Companies

    United States Economy

    135 companies

    China's Economy

    143 companies(winner)

Full Comparison

United States Economy
CChina's Economy
R&D Spending as % of GDP(%)
3.5%
Annual R&D Investment(USD billion)
$809 billion
R&D Spending(USD billion)
3.5%
2.1%
Patent Filings (Annual)(millions)
0.38 million
1.67 million
Patent Filings in Technology(Annual count)
398,144
Show 7 more attributes
Patent Filings Annually (2023)(thousand filings)
615,000
Patent Filings (2024)(thousands filed)
415,000
R&D Spending (% of GDP)(percent)
3.4%
Venture Capital Investment(USD billion)
$119 billion
Tech Patent Filings (Annual)(Count)
285,000
Patent Filings(millions (2023))
0.84 million
R&D Investment(billion USD annually)
$840 billion
Total Nominal GDP 2026(USD Trillion)
$30.0-30.5 trillion
~$31.7 trillion
PPP-Adjusted GDP 2026(USD trillion)
$31.5 trillion
$45.78 trillion
Total Nominal GDP (2026)(USD Trillion)
$28.0 trillion
Gross Domestic Product (2024)(USD trillions)
$27.4 trillion
Nominal GDP (2025)(USD trillion)
$27.4 trillion
$17.8 trillion
Show 8 more attributes
Nominal GDP (2024)(USD Trillions)
$27.4T
Total GDP 2024(USD Trillion)
$27.4 trillion
Nominal Gross Domestic Product(USD trillion)
$27.4 trillion
Total GDP (2024)(USD trillions)
$27.4 trillion
GDP by Purchasing Power Parity(trillion USD)
$28.0 trillion
Nominal GDP (2026)(USD trillions)
$28.7 trillion
Nominal GDP (2024)(USD Trillion)
$27.36 trillion
$17.9 trillion
Nominal GDP 2026(USD trillion)
$28.7 trillion
$17-18 trillion
Global EV Production Share(%)
17%
70%
Global Battery (LFP) Production(%)
~6%
94%
Global Manufacturing Output(%)
~16%
35%
Unemployment Rate 2026 (Projected)(%)
~3.8-4.0%
~4.1%
Unemployment Rate Projection(%)
~4.0%
Unemployment Rate Forecast 2026(percent)
~4.0%
Unemployment Rate (2025)(%)
4.2%
4.1%
Unemployment Rate (2024)(Percent)
4.1%
Show 5 more attributes
Unemployment Rate(%)
4.1%
Unemployment Rate (2024)(%)
4.1%
5.1%
Unemployment Rate 2024(Percent)
4.1%
Labor Force Participation Rate(percentage)
63.0%
Statutory Minimum Wage(USD/hour)
$7.25
Advanced Semiconductor Market Leadership(Qualitative)
Dominant (Intel, TSMC partnership, Samsung); controls cutting-edge nodes
Limited by US export controls; dependent on SMIC/HiSilicon
AI Chip Technology Leadership(competitive ranking)
Global leader in design and manufacturing
Semiconductor & Chip Design Leadership(Qualitative)
Global market leader
Limited by US export controls
AI Adoption Growth Contribution(percentage points)
0.4-0.6%
Tech Sector Market Cap(USD trillions)
$12.4 trillion
Show 1 more attribute
Semiconductor Design Leadership(Market Position)
Constrained by US export controls
Global EV Market Share(%)
20-25%
Tariff Impact on GDP (2026 risk)(percentage points reduction)
Moderate exposure
Projected GDP Growth Rate 2026(percent)
2.2%
GDP Growth Rate (YoY)(Percentage)
~2.8%
Annual Real GDP Growth Rate (2024)(Percent)
2.8%
GDP Growth Rate(%)
2.5%
5.0%
GDP Growth Rate (2024)(%)
2.5%
5.0%
Show 2 more attributes
Average Annual GDP Growth (2015-2024)(Percent)
2.1%
Annual GDP Growth Rate(%)
2.5%
Government Defense Expenditure(USD Billions)
$925.8 billion
Government Defense Expenditure 2024(billion USD)
$925.8 billion
Defence Expenditure (2024)(billion USD)
€925.8 billion
Total Government Expenditure 2024(USD Billion)
$10,266.8
Government Defense Expenditure (2024)(billion €)
€925.8 billion
Show 1 more attribute
Government Expenditure(USD Million)
€10,217,935.3 million
Government Health Expenditure(USD Million)
$4.18 trillion (2024)
$620 billion (2023)
Tariff Impact Risk on GDP(Percentage Points)
0.3-0.5%
Potential Tariff Impact on GDP(USD billion)
Minimal (exporter advantage)
Total GDP 2026(USD Trillions)
30.0+
~27-28 trillion
Total Annual GDP(USD trillions)
$27.23 trillion
Total GDP (Nominal)(USD Trillion)
$27.9 trillion
$17.9 trillion
Purchasing Power Parity GDP(trillion USD)
$28.2 trillion
Total GDP(trillion USD)
$27.4 trillion
$17.9 trillion
Show 2 more attributes
Gross Domestic Product(USD trillion)
$27.4 trillion
Total Nominal GDP(USD trillions)
$28.7 trillion
Government Health Expenditure 2024(billion USD)
$4,175 billion
Education Expenditure Per Capita 2023(USD)
$4,481
Education Expenditure Per Capita(USD)
$3,981
Government Education Spending Per Capita(EUR)
€467
EV Production Share(% of global)
~20%
70%
Semiconductor Technology Tier(nanometers)
Leading edge (3nm and below)
Solar Panel Manufacturing(% of global)
6%
Tariff Impact Risk 2026(% GDP reduction)
Minimal negative impact
Global Solar Panel Production(%)
~10%
80%+ of global output
Solar Panel Production(% of global)
8-10%
80%+
Semiconductor Technology Leadership(index (0-100))
Leading in design and manufacturing
GDP Growth Rate (2026)(%)
2.0-2.5%
Expected GDP Growth Rate 2026(%)
2.0-2.5%
4.5-5.0%
GDP Growth Rate (2026 Target)(%)
2.0-2.5%
Real GDP Growth Rate 2026(Percent)
2.2%
Real GDP Growth Rate (2024)(%)
2.5%
5.2%
Show 5 more attributes
Annual GDP Growth Rate(%)
2.5%
5.0%
Annual Real GDP Growth Rate(%)
2.5%
5.4% (2024 estimate)
Annual GDP Growth Rate (2020-2026 Average)(percent)
2.4%
Real GDP Growth Rate(%)
2.1%
5.0%
Annual GDP Growth Rate (2024)(Percent (%))
2.8%
Global EV Production Market Share(%)
25-30% of global EVs
70% of global EVs
Annual Infrastructure Investment(USD billion)
$310 billion
2026 GDP Growth Target(percent)
2.0-2.5%
GDP Growth Rate 2026(%)
2.0-2.4%
4.6-4.8%
Quarterly GDP Growth (Q1 2026)(% (q/q, SAAR))
2.0%
Health Expenditure (Government)(million USD)
$4,175,432 million (2024)
Healthcare Spending % of GDP(percent)
16.9%
Defense Expenditure(Million Euros)
€925,796.8 million
Defense Expenditure 2024(USD Billion)
$925.8
€296.5 billion
Defence Expenditure(USD billions)
$925.8 billion
Defense Expenditure (2024)(EUR Billion)
$296.5 billion
Per Capita GDP 2026(USD)
$89,000
Per Capita GDP (Nominal)(USD)
$89,000+
GDP Per Capita(USD)
$82,900
$12,720
Tariff Vulnerability Impact(USD Billions)
Lower exposure
$400-800B potential loss
Potential Tariff Impact (2026-2027)(billion USD annual reduction)
$50-150B
Battery Production (LFP)(Percent (%))
~6% of global
94% of global
Lithium Iron Phosphate Battery Production(%)
~15%
94%
LFP Battery Production Share(%)
6%
Tariff Impact Risk to GDP(percentage points)
Minimal
Global Solar Panel Production Share(%)
9%
Potential Tariff Impact on GDP Growth(percentage points)
0.2-0.4pp
AI Adoption Boost to Growth(Percentage Points)
0.3-0.5% (from AI investment)
Lithium Iron Phosphate Battery Production Share(%)
4%
EV Production (Global Share)(%)
15%
Solar Panel Production (Global Share)(%)
12%
Projected Annual GDP Growth Rate(percent)
2.1%
Global Economic Ranking 2026(rank)
1st
Global Economic Ranking(Rank)
1st
Government Debt to GDP Ratio(Percent (%))
123%
77%
Government Debt as % of GDP(percent)
122.27%
Government Debt-to-GDP Ratio(%)
123%
Total Debt to GDP Ratio(% of GDP)
129%
282%
Government Debt-to-GDP(Percent)
123%
77.8%
Show 8 more attributes
National Debt(trillion USD)
$33.2 trillion
Federal/National Debt as % of GDP(percentage)
123%
Public Debt as Percentage of GDP(%)
123%
Federal Debt-to-GDP Ratio(%)
123%
National Debt as % of GDP(percent)
123%
National Debt to GDP Ratio(%)
123%
280%
Public Debt-to-GDP Ratio(%)
123%
National Debt as Percentage of GDP(%)
123%
77%
Population(Millions)
339 million
1,426 million
Population (2024)(millions)
336 million
Median Population Age(Years)
38.5 years
38.6 years
Median Population Age(Years)
38.9 years
Population(millions)
339 million
Show 3 more attributes
Total Population(millions)
340 million
Median Age(Years)
38.7
Population Median Age(Years)
38.4 years
Primary Tech Focus Area
AI, semiconductors, cloud, fintech
Average EV Cost (Entry Model)(USD (converted))
$35,000-45,000
GDP Per Capita (Nominal)(USD)
$94,430
GDP per Capita 2026(USD)
$94,430
GDP per Capita (estimated 2026)(USD)
$96,500+
GDP Per Capita (2024)(USD)
$82,000
Per Capita GDP(USD)
$76,398
$12,556
Show 4 more attributes
Per Capita GDP (PPP)(USD)
$80,412
$23,482
GDP Per Capita (PPP)(USD)
$76,398
Per Capita Income(USD)
$76,500
GDP Per Capita (2025)(USD)
$12,720
GDP Gap vs Competitor(USD Trillions)
$11.1 trillion ahead
Q1 2026 GDP Growth Rate(Percent Year-over-Year)
Data not available
GDP Growth Rate (2025-2026)(percent)
4.6-4.8%
Q1 2026 Industrial Output Growth(Percent Year-over-Year)
Data not available
GDP as Percentage of Global Economy(Percent)
~25-26% of global GDP
Q1 2026 Inflation Rate(Percent)
Data not available
Inflation Rate (2025)(%)
2.9%
Inflation Rate(%)
2.8%
Inflation Rate(%)
2.4%
Inflation Rate (2024)(Percent)
2.6%
Global Economic Rank 2026(rank)
1st
World GDP Share(percent)
32.4%
Global GDP Share (2024)(Percent (%))
26.4%
Projected Global Rank 2031(rank)
1st (maintained)
Expected Consumption Growth 2026(%)
~1.8%
Share of Global GDP 2026(percent)
26.2%
Goldman Sachs Growth Forecast 2026(%)
Not specified
GDP Per Capita (Nominal, 2026)(USD)
$85,000
Gross Domestic Product (GDP)(USD Trillion)
$27.4 trillion
Gross Domestic Product(USD trillion)
$28.7 trillion
Fragile States Index(score)
44.5
Exchange Rate vs Euro(EUR conversion)
1 EUR = 1.1797 USD
GDP Advantage Over Rival(USD Trillion)
$11.53 trillion lead
Government Expenditure as % of GDP(percent)
37.74%
Government Expenditure (2024)(USD Billion)
$6,177 billion
Projected Economic Growth 2026(percent)
3.5%
Manufacturing Sector Contribution(Percent of GDP)
11.8%
Share of Global GDP(% of world economy)
25.5%
Global Economic Share(%)
26% of world GDP
Annual Automotive Exports(USD billion)
$156 billion
Global Fortune 500 Companies(count)
167 companies
Exports as % of GDP(percent)
11.2%
Real GDP Growth Rate (2024)(Percent Annual)
2.1%
Foreign Exchange Reserves(USD Trillions)
$0.13T
Global Manufacturing Share(Percent of Global)
12%
Global Manufacturing Output Share(%)
16%
28%
Share of Global Manufacturing Output(Percent)
16%
Tech Sector Market Capitalization(USD Trillions)
$15.2T (Apple, Microsoft, Google, Amazon, Nvidia, Tesla, Broadcom)
Total Exports(USD trillions)
$2.1 trillion
Total Merchandise Trade Volume(USD trillion)
$2.4 trillion
$4.3 trillion
Total Annual Exports(USD trillion)
$2.1 trillion
Trade Balance (Annual)(USD Billion)
$-$73 billion
Total Merchandise Exports(USD Trillions)
$2.3T
$2.1T
Show 7 more attributes
Global Export Share(% of global exports)
8.2%
Total Trade Volume (2024)(USD Trillions)
$7.1 trillion
Trade Balance(USD Billion)
-$773 billion deficit
+$352 billion surplus
Global Trade Exports(USD Trillions)
$2.1 trillion
Annual Merchandise Exports(Trillion USD)
$2.1 trillion
Share of Global Trade(%)
13.3%
Merchandise Exports (2024)(USD trillion)
$3.58 trillion
GDP Per Capita 2024(USD)
$82,000
Foreign Direct Investment Inflows(USD billions)
$285 billion (2023)
$163 billion (2023)
Foreign Direct Investment Inflows (2024)(USD Billions)
$269 billion
$163 billion
GDP Per Capita(USD)
$82,500
Average Annual Wage(USD)
$62,400
Global Venture Capital Share(%)
65%
Annual R&D Spending(USD Billion)
$809 billion
Research & Development Spending(% of GDP)
3.5%
Foreign Exchange Reserves(trillion USD)
$0.1306 trillion
$3.3 trillion
Annual Exports(trillion USD)
$2.1 trillion
Annual Trade Balance(USD billions)
-$773 billion (deficit)
Global Trade Share(% of world trade)
12.3%
GDP Growth Rate (2025)(% annual)
2.1%
5.2%
E-commerce as % of Retail(percentage)
16.3%
42.8%
Technology Sector Market Cap(USD trillions)
$12.8 trillion
$4.2 trillion
Renewable Energy Share(%)
21% of electricity
Nominal GDP(USD Trillion)
$27.4 trillion
$17.8 trillion
Fortune 500 Companies(count)
135 companies
142 companies
Manufacturing Sector Share(% of GDP)
11%
Service Sector Share(% of GDP)
80.1%
Manufacturing Share of GDP(Percent)
11.5%
Manufacturing as Percentage of GDP(percent)
11.8%
28.2%
Manufacturing as % of GDP(Percent (%))
11.2%
27%
Show 5 more attributes
Manufacturing Sector(percent of GDP)
12%
Technology Sector(percent of GDP)
12%
Services Sector Share of GDP(Percent (%))
80%
Services Sector Share(percent of GDP)
82%
Manufacturing as % of GDP(%)
11.8%
Foreign Direct Investment (Annual)(billion USD)
$285 billion
Foreign Direct Investment(billion USD)
$329 billion
$163.5 billion
Projected GDP in 2030(USD trillion)
$31.2 trillion
Projected GDP 2030(USD trillion)
$32 trillion
Global Manufacturing Share(%)
18%
28%
Trade Surplus/Deficit(USD Billions)
-$73 billion deficit
$631.8 billion surplus
Manufacturing Output (Global Share)(Percent)
12%
28%
Global Manufacturing Share (2024)(percent)
16%
Manufacturing Output Share(% of global)
18%
27.3%
Debt-to-GDP Ratio(percent)
123%
GDP Growth Rate 2023(Percent Annual)
2.5%
Average Annual GDP Growth Rate(% per year)
2.1%
Defense Spending(USD billion)
$820 billion
$230 billion
Annual Patent Filings(thousands)
714,000
1,224,000
GDP at Purchasing Power Parity(USD trillion)
$27.4 trillion
Foreign Direct Investment Annual Inflow(USD Billions)
$285 billion
Venture Capital Investment(USD billion)
$189 billion
Foreign Direct Investment Inflow(Billion USD)
$289B
Trade Balance (2024)(USD Billions)
-$73.1 billion
+$632 billion surplus
Global Trade Volume Share(%)
8.2%
Working-Age Population Growth Rate(% Annual Change)
+0.4% (growing)
-1.6% (declining)
Manufacturing Output(USD trillion)
11%
28%
Average Annual Wage(USD)
$68,420
$11,000
Manufacturing Share of Global Output(percent)
17%
EV Market Penetration (Domestic)(%)
9.8%
Stock Market Capitalization (2024)(USD trillions)
$42.8 trillion
Tech Sector Market Capitalization (Top 7 Companies)(USD Trillion)
$14.2 trillion
Tech Sector Market Capitalization(USD trillion)
$12.5 trillion
Average Annual GDP Growth Rate (2010-2023)(%)
2.4%
Annual Growth Rate(%)
2.7%
Foreign Direct Investment Inflow (2023)(USD Billion)
$285 billion
$189 billion
Gini Coefficient (Income Inequality)(Index (0-100))
0.41
Healthcare Spending (% of GDP)(%)
17.3%
Working Age Population(million people)
170 million workers
Foreign Direct Investment (2025)(billion USD)
$285 billion
Foreign Currency Reserves(USD Trillion)
$130 billion
$3.2 trillion
Stock Market Capitalization(trillion USD)
$48.2 trillion
$14.2 trillion
Average Annual Wage (Tech Sector)(USD)
$120,000
Renewable Energy Capacity(Gigawatts)
680 GW
Renewable Energy Generation(percent)
21.6%
Total Trade Volume(trillion USD)
$2.9 trillion
Global GDP Share(%)
26%
Nominal Gross Domestic Product(USD trillions)
$28.7 trillion
$17.9 trillion
PPP-Adjusted GDP(trillion USD)
$28.2 trillion
Share of Global GDP (2024)(Percent)
31%
Total Gross Domestic Product(USD Billions)
$27.4 trillion
Unemployment Rate(percent)
4.0%
5.0%
Gini Coefficient (Inequality)(0-1 scale)
41.1
Gini Coefficient (Income Inequality)(0-1 scale)
0.41
Labor Productivity(USD/hour)
$68.40
Fortune 500 Tech Companies(companies)
195 companies
88 companies
EV Production Market Share(% of Global)
18%
Household Savings Rate(percent of disposable income)
3.4%
Tech Sector as % of GDP(%)
8.2%
GDP Per Capita (2024)(USD)
$81,045
$12,720
Solar Panel Production Share(percent)
80%+

Pros & Cons

12 pros·6 cons across both

United States Economy
CE
United States Economy

United States Economy

+6-3

Pros

  • Highest nominal GDP at $27.4 trillion (2024)
  • Per capita income of $76,398—6x higher than China
  • 135 Fortune 500 companies generating $13.5 trillion in revenue
  • World leader in AI, semiconductors, and biotech innovation
  • Lowest unemployment rate at 4.1% (2024)
  • Deep capital markets with $119 trillion in stock market value

Cons

  • GDP growth rate of only 2.5% annually, significantly slower than China
  • Declining share of global manufacturing at 16%
  • Foreign exchange reserves of only $130 billion vs China's $3.3 trillion
CE

China's Economy

+6-3

Pros

  • Fastest major-economy growth at 5.2% annually (2x US rate)
  • Dominates manufacturing with 28% of global output
  • Holds $3.3 trillion in foreign exchange reserves—25x the US
  • 143 Fortune 500 companies with $8.2 trillion combined revenue
  • 1.4 billion consumers creating massive domestic demand
  • World's largest EV market with 60% of global EV sales (2024)

Cons

  • Per capita income of only $12,556—91% lower than the US
  • Real estate sector represents 29% of GDP with ongoing debt concerns
  • Youth unemployment at 21% despite overall 5.1% rate (2024)

Frequently Asked Questions

5 questions

  1. By nominal GDP in US dollars, the US economy is larger at $27.4 trillion vs China's $17.9 trillion (2024). However, by purchasing power parity (PPP), China's economy is larger at $31.3 trillion vs the US at $28.7 trillion, accounting for lower Chinese price levels. The nominal measure is standard for international comparisons.

12 more to explore

Explore More

Related comparisons and categories

AI generated