11 Maps Showing How China’s GDP Growth Since 1990 Compares To Other Countries – Brilliant Maps

In
1990,
China
was
the
world’s
11th
largest
economy
in

nominal
GDP
terms
at
$397
Billion
USD.

And
when

using
$PPP
dollars
(which
is
an
attempt
to
better
reflect
the
cost
of
living
in
a
country)
it
was
still
only
the
world’s
7th
largest
economy
at
$992
Billion.

Yet
by
2025
it
has
become
the
second
largest
to
the
United
States
in
nominal
GDP
terms
at
$20
Trillion
USD
and
the
largest
in
$PPP
terms
at
$40
Trillion.

The
maps
below
show’s
China’s
nominal
GDP
relative
to
the
10
economies
that
were
larger
than
it
was
in
nominal
GDP
terms
in
1990
(plus
Australia).

They
show
the
difference
in
size
between
them
in
1990,
the
year
they
roughly
become
equal,
and
finally
the
difference
in
size
in
2025.
Full
data
is
at
the
bottom
of
the
page.

11.
Australia

10.
Brazil

9.
Spain

8.
Iran

7.
Canada

6.
Italy

5.
UK

4.
France

3.
Germany

2.
Japan

1.
United
States

China
vs
USA
in
PPP
Dollars

Bonus
UK
vs
India

I
also
thought
it
would
be
fun
to
look
at
India
vs
the
UK.
In
1990
India’s
nominal
GDP
was
$321
Billion
($948
Billion
in
PPP)
compared
to
the
UK’s
$1.2
Trillion
nominal
($1.1
Trillion
PPP).

By
2025,
India’s
nominal
GDP
was
$4.3
Trillion
or
a
massive
$17.3
Trillion
in
PPP
terms.
This
makes
it
the
world’s
5th
largest
in
nominal
terms
and
3rd
largest
in
PPP
terms.

The
UK
in
contrast
has
a
nominal
GDP
of
$3.7
Trillion
today
or
$4.4
Trillion
in
PPP
terms.
Making
it
the
6th
largest
in
nominal
terms
and
10th
largest
in
PPP
terms.

The
data
for
all
countries
mentioned:

Note
all
data
comes
from
the
IMF
via
Wikipedia.

Have
any
countries
grown
faster
than
China?

Since
1990
China’s
economic
growth
has
been
unprecedented
in
human
history.

It
has
lifted
more
than
800

million
people
out
of
poverty,
that’s
more
the
entire
population
of
every
country
in
Europe.

In
PPP
terms
China
grew
its
economy

3,875%.

Only
Equatorial
Guinea
(for

very
different
reasons)
outpaced
them
at
18,834%.

The
next
closest
were
Guyana
3,281%,
Cambodia
2,237%,
 Ethiopia
2070%,
Qatar
2,053%
and
Vietnam
2,003%.

However,
in
nominal
terms
there
are
a
few
more
countries
that
outpaced
China.
Here
are
all
countries
that
grew
at
least
2,000%
in
Nominal
terms
between
1990
and
2025.

1.  Armenia
   (from
   1992):
   $108
   Million
   →
   $27
   Billion
   –
   
   24,509%
2.  Croatia
   (from
   1992):
   $568
   Million
   →
   $96
   Billion
   –
   
   16,806%
3.  Kazakhstan
   (from
   1992):
   $2.9
   Billion
   →
   $307
   Billion
   –
   
   10,565%
4.  Equatorial
   Guinea:
   $133
   million
   →
   $13
   Billion
   –
   
   9,613%
5.  Azerbaijan
   (from
   1992)
   $1.2
   Billion
   →
   $77
   Billion
   –
   
   6,358%
6.  Vietnam:
   $8.2
   Billion
   →
   506
   Billion
   –
   
   6,063%
7.  Cambodia:
   $898
   million
   →
   $51
   Billion
   –
   
   5,597%
8.  Turkmenistan
   (from
   1992):
   $1.6
   Billion
   →
   $91
   Billion
   –
   
   5,511%
9.  China:
   $397
   Billion
   →
   $19.5
   Trillion
   –
   4,826%
10.  Tajikistan
    (from
    1992):
    $291
    Million
    →
    $14
    Billion
    –
    
    4,767%
11.  Georgia
    (from
    1994):
    $850
    million
    →
    $36
    Billion
    –
    
    4,124%
12.  Nicaragua:
    $519
    Million
    →
    $21
    Billion
    –
    
    3,938%
13.  Qatar:
    $6.3
    Billion
    →
    $226
    Billion
    –
    
    3,510%
14.  Guyana:
    $685
    Million
    →
    $24
    Billion
    –
    
    3,474%
15.  Maldives:
    $231
    Million
    →
    $7.6
    Billion
    –
    
    3,208%
16.  Russia
    (from
    1992):
    $71.6
    Billion
    →
    $2.2
    Trillion
    –
    
    2,967%
17.  Uzbekistan
    (from
    1992):
    $4.5
    Billion
    →
    $127
    Billion
    –
    
    2,746%
18.  Latvia
    (from
    1992):
    $1.7
    Billion
    →
    $48.1
    Billion
    –
    
    2,743%
19.  Estonia
    (from
    1993):
    $1.8
    Billion
    →
    $45
    Billion
    –
    
    2,430%
20.  Moldova
    (from
    1992):
    $864
    million
    →
    $19.6
    Billion
    –
    
    2,174%

Nominal
vs
PPP
GDP

Nominal
GDP

Definition:
Nominal
GDP
measures
the
total
value
of
goods
and
services
produced
by
a
country,
using
current
market
prices
and
currency
exchange
rates.

Pros:

• 
  Simple
  &
  widely
  used:
  Easily
  comparable
  at
  current
  market
  exchange
  rates.
• 
  Timely:
  Data
  availability
  and
  ease
  of
  calculation
  make
  it
  useful
  for
  immediate
  comparisons.
• 
  Reflects
  international
  economic
  power:
  Better
  reflects
  the
  influence
  countries
  have
  in
  global
  trade
  and
  finance,
  as
  it
  uses
  actual
  currency
  exchange
  rates.

Cons:

• 
  Price
  level
  differences
  ignored:
  Doesn’t
  account
  for
  differences
  in
  cost
  of
  living
  or
  inflation
  across
  countries.
• 
  Exchange
  rate
  volatility:
  Sensitive
  to
  fluctuations
  in
  currency
  values,
  making
  comparisons
  unstable
  over
  time.

Purchasing
Power
Parity
(PPP)
GDP

Definition:
PPP
GDP
adjusts
for
price
differences
between
countries,
allowing
GDP
to
reflect
actual
purchasing
power
within
each
economy.

Pros:

• 
  More
  accurate
  standard
  of
  living
  comparisons:
  Reflects
  actual
  living
  standards
  and
  purchasing
  power
  within
  countries.
• 
  Stable
  comparisons
  over
  time:
  Not
  directly
  influenced
  by
  short-term
  currency
  fluctuations.

Cons:

• 
  Less
  intuitive:
  Calculations
  involve
  assumptions
  and
  estimation,
  making
  it
  harder
  to
  interpret
  quickly.
• 
  Data
  limitations:
  Quality,
  availability,
  and
  comparability
  of
  data
  can
  be
  problematic,
  making
  precise
  estimates
  challenging.
• 
  Ignores
  global
  market
  power:
  Doesn’t
  reflect
  a
  country’s
  actual
  economic
  clout
  on
  international
  markets.

Credit
for
flag
maps:

Which
one
surprised
you
the
most?

Go to Source
Author: Brilliant Maps