Tuesday, August 24, 2010

China's Per Person GDP is Woeful...

China just surpassed Japan as the #2 country in the world in total Gross Domestic Product (GDP).

But after adjusting for GDP (Purchasing Power Parity) on a per-capita basis, China (at $6,567 per person) has a long way to go before it achieves "Superpower" status, considering that it ranks #102 according to the CIA, #99 according to the IMF, and #92 according to the World Bank.

In fact, on a per-capita basis in
2009, China ranked behind Namibia, Jamaica, Belize, Thailand, El Salvador, and Albania.


U.S. per-capita GDP currently stands at $46,400, or more than 7 times that of China.

U.S.
household income currently is in the $50,0o0 neighborhood, or more than 20 times that of China, whose household income is roughly $2,500 per year.

And the last time the
U.S. had per-capita GDP of $6,567 was back in 1932.

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