America and China GDP Growth: 1970-2014
by michaelepelosi.mp on Oct 14, 2015 | Views: 484 | Score: 2
| American GDP Growth | China GDP Growth | |
|---|---|---|
| 1970 | 0.43 | 19.4 |
| 1971 | 3.3 | 7 |
| 1972 | 5.26 | 3.8 |
| 1973 | 5.64 | 7.9 |
| 1974 | -0.52 | 2.3 |
| 1975 | -0.2 | 8.7 |
| 1976 | 5.39 | -1.6 |
| 1977 | 4.61 | 7.6 |
| 1978 | 5.56 | 11.88 |
| 1979 | 3.18 | 7.6 |
| 1980 | -0.24 | 7.81 |
| 1981 | 2.59 | 5.17 |
| 1982 | -1.91 | 9.02 |
| 1983 | 4.63 | 10.75 |
| 1984 | 7.26 | 15.21 |
| 1985 | 4.24 | 13.55 |
| 1986 | 3.51 | 8.93 |
| 1987 | 3.46 | 11.72 |
| 1988 | 4.2 | 11.3 |
| 1989 | 3.68 | 4.21 |
| 1990 | 1.92 | 3.93 |
| 1991 | -0.07 | 9.27 |
| 1992 | 3.56 | 14.28 |
| 1993 | 2.75 | 13.94 |
| 1994 | 4.04 | 13.08 |
| 1995 | 2.72 | 10.99 |
| 1996 | 3.8 | 9.92 |
| 1997 | 4.49 | 9.23 |
| 1998 | 4.45 | 7.85 |
| 1999 | 4.69 | 7.62 |
| 2000 | 4.09 | 8.43 |
| 2001 | 0.98 | 8.3 |
| 2002 | 1.79 | 9.09 |
| 2003 | 2.81 | 10.02 |
| 2004 | 3.79 | 10.08 |
| 2005 | 3.35 | 11.35 |
| 2006 | 2.67 | 12.69 |
| 2007 | 1.78 | 14.19 |
| 2008 | -0.29 | 9.62 |
| 2009 | -2.78 | 9.23 |
| 2010 | 2.53 | 10.63 |
| 2011 | 1.6 | 9.48 |
| 2012 | 2.32 | 7.75 |
| 2013 | 2.22 | 7.68 |
| 2014 | 2.39 | 7.35 |
Year
Growth %
Share:
of
A popular conservative talking point is that China is "eating our lunch." According to GDP growth percentages, China is growing at a much faster rate than America. However, America's total 2014 GDP was roughly 17 million while China's was 10 million. Thus, a growth rate doesn't always tell the entire story. America's GDP is almost equal to that of the European Union while China's is almost half. That should give some perspective.