How the World’s Two Biggest Economies Stack Up

What We’re Showing

This graphic compares the U.S. and China across three different economic measures: GDP (2024 estimates), equity market valuation as of Feb. 29, 2024, and share of global cumulative foreign direct investment (FDI) from 1990 to 2022.

Key Takeaways

• America’s strong recovery from the COVID-19 pandemic has boosted its global share of GDP to over 26% (2024E)
• China’s share of global equity market cap has shrunk in recent years as countries like India, Japan, and the U.S. outperform it
• China’s rise to #2 in global FDI rankings is a sign of its increasing attractiveness to global businesses despite regulatory challenges and geopolitical tensions