January 19, 2014

America Is Slipping to No. 2 -- and That's OK

Charles Kenny, Washington Post

The Associated Press

America will soon cease to be the world’s largest economy. You can argue about why, when and how bad, but the end is indeed nigh. According to the Penn World Tables — the best data to compare gross domestic product across countries — China’s GDP was worth $10.4 trillion in 2011, compared with a U.S. GDP of $13.3 trillion . But with China’s economy growing 7 to 10 percent a year, compared with the recent U.S. track record of less than 3 percent, China should take the lead by 2017 at the latest.

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TAGGED: China, United States

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