Saturday, February 17, 2007

Bush Economy Grows US GDP More Than Entire China Economy

From the Los Angeles Times article on China and Japan patching up diplomacy a chart showed the Gross Domestic Product of China as $2.6 trillion in 2006.

This World Bank 2005 data lists the US GDP as $12.4 trillion. The US GDP in 2000 was $9.8 trillion so has increased $2.6 trillion from 2000. So during a portion of the presidency of George W. Bush, in fiveyears, the United States economy has grown as much as the entire Chinese economy.

See http://siteresources.worldbank.org/DATASTATISTICS/Resources/GDP.pdf, and http://eh.net/hmit/gdp/gdp_answer.php?CHKnominalGDP=on&CHKrealGDP=on&CHKGDPdeflator=on&CHKpopulation=on&CHKnominalGDP_percap=on&CHKrealGDP_percap=on&year1=1992&year2=2005

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