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Politics : Politics for Pros- moderated

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To: Thomas A Watson who wrote (130702)	8/9/2005 7:48:03 AM
From: Bridge Player	Read Replies (1) of 793900

You said: "the GDP today is 11+ trillion. The current CIA estimate of China's GDP is 7+ trillion." Your numbers reflect a so-called "purchasing power parity". On this basis the CIA estimate for China for 2004 was $7.262 trillion. cia.gov Other published estimates use a different basis, which I believe are probably actual GDP expressed in US dollars. Using this method, the US GDP for 2004 was $11.6 trillion, and that of China for 2004 was $1.64 trillion, ranked 7th in the world for that year. worldbank.org I believe these numbers reflect a much more accurate comparison between the size of the economies of the US and China. Using these numbers, I have read estimates that given the more rapid growth rate of the China economy, the total size of their GDP may exceed that of the US within 20-30 years. On a per-capita basis, of course, it would be much longer, if indeed it ever occurs.

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