China's gross domestic product (GDP) has dropped substantially throughout history. In 1820, the country's GDP accounted for 32.9 percent of the world's overall GDP; in 1950, it accounted for just 4.5 percent. China has been experiencing an impressive growth spurt in recent years — it now has the third highest GDP in the world, behind the United States and Japan.
More GDP Facts:
- The United States has the highest GDP in the world, at $14.26 trillion US Dollars (USD). Second place is Japan, with just over $5 trillion USD; and running a very close third is China, with just under $5 trillion USD.
- Luxembourg has the highest GDP per capita, at around $79,000 USD. The United States is fifth in the world, with a per capita GDP of about $46,000 USD.
- The US national debt is over $13 trillion USD, or about $43,000 USD per person. As a percentage of its GDP, the US national debt is 94.3 percent — 20th in the world. Ireland took first place, with its national debt at 1,312 percent of its GDP.