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China Economy: Already Larger Than U.S.

When will China overtake the United States as the world’s largest economy?

September 26, 2015

When will China overtake the United States as the world’s largest economy?

Takeaways

US GDP stood at $16.8 trillion in 2013 —just about 4% larger than China’s economy.

The IMF estimates that China’s GDP at purchasing power parity was $17.6 trillion at the end of 2014.

Since price level in China is lower than in the US, a dollar in China buys more than a dollar in the US.