Countries with high budget deficits relative to their GDPs generally have more difficulty raising funds to finance expenditures, than those with lower deficits.
How Will the U. The strong hosting industry in the United States keeps the nation ahead, especially since Internet users from all over the world use its services.
These figures are calculated on an exchange rate basis, i. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. Only for bragging rights! It is the sum of equity capital, reinvestment of earnings, other long-term capital, and short-term capital as shown in the balance of payments.
Listed domestic companies, total. How do China and America compare on the internet? China is ranked 29th, with the WEF noting some deterioration in areas that have become critical for its competitiveness, such as financial market development, technological readiness and market efficiency.
PPP and Its Relevance PPP is essentially the implied exchange rate at which the currency of one country would have to be converted into that of another country to buy an identical basket of goods and services in each country.
Will It Even Matter? China is estimated to pull ahead of the U. This entry contains the percent of the labor force that is without jobs. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
An international dollar has the same purchasing power over GDP as the U. Many economists prefer this measure when gauging the economic power an economy maintains vis-a-vis its neighbors, judging that an exchange rate captures the purchasing power a nation enjoys in the international marketplace.
Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
China has much more potential for growth in spite of already being the largest country on the Internet. Direct investment excludes investment through purchase of shares.
This figure may be positive or negative.
We add this to our facts about the powers each country yields Get the data China v the US: The Laspeyres formula is generally used. This series shows total net, that is, net FDI in the reporting economy from foreign sources less net FDI by the reporting economy to the rest of the world.
For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
This entry provides the total US dollar amount of merchandise exports on an f. Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. Foreign direct investment are the net inflows of investment to acquire a lasting management interest 10 percent or more of voting stock in an enterprise operating in an economy other than that of the investor.
With a population less than one-fourth that of China, the U.
Revenues calculated on an exchange rate basis, i. It is worth noting that such indices are based on highly culturally contingent factors.
We have collected all the statistics from the Pingdom report into a spreadsheet on in the data section below. If the stock of unsold output increases during the relevant time period, investment in inventories is positive, but, if the stock of unsold goods declines, it will be negative.
They also may include receipts from same-day visitors, except when these are important enough to justify separate classification.
Figures expressed per capita for the same year. Annual percentage growth rate of GDP per capita based on constant local currency. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans.
National estimates of the percentage of the population lying below the poverty line are based on surveys of sub-groups, with the results weighted by the number of people in each group. This entry provides a listing of the highest-valued exported products; it sometimes includes the percent of total dollar value.
India, for its part, is only projected to surpass the U. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government.
For some countries they do not include receipts for passenger transport items. Gross domestic savings are calculated as GDP less final consumption expenditure total consumption. In addition the Pingdom team summarise their findings as:U.S. vs. China: A Short Economic Comparison.
I wanted to compare some of the differences between these two large economies. The table below compares select economic factors between China and.
America's lengthy title reign as "World's Largest Economy" is fast under threat by China's surging economic growth. Battle To Be The Largest Economy In The World The difference in income. A BRIEF COMPARISON BETWEEN INDIA AND CHINA AS EMERGING United States of America (U.S.A) is recognizing India as leader in Asia.
President Barack both the economies of India and China are classified in one group of countries defined as “Medium Human Development”. China ranks 89 where as India’s ranking in The value of. Sep 15, · China’s education system is the largest in the world.
It has more university students than the EU and the US combined, and there is growing demand for higher education among its young people.
Image: Reuters. Today's infographic looks at the economic differences between China and the United States: total reserves, GDP per capita, demographics, and much more. A Tale of Two Economies. Jeff is the Editor-in-Chief of Visual Capitalist, a media site that creates and curates visuals on business and investing.
United States: A Tale of Two Economies.Download