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June 26, 2012

China passing the historic peak of the Soviet Union in terms of nominal GDP compared to the USA

At its peak the USSR was about 50% of the GDP of the USA. At the end of 2012, China, Hong Kong and Macau GDP will be about $8.3 trillion. The USA will have about $15.6 trillion. China will be about 53.2% of the US economy. China's nominal GDP compared to the USA is passing the peak level of the Soviet Union nominal GDP estimate compared to the USA.

Macau had 20.7% GDP growth in 2011, and is projected to have 18% in 2012 and 14.4% in 2013 Macau had GDP of $36.1 billion at the end of 2011. At the end of 2012 it would have 43 billion in GDP and 50 billion at the end of 2013.

China has 3 times as much GDP now than the combined countries that make up the old Soviet Union (if they were still unified.)

On a purchasing power parity basis China has 3.5 to 7 times the PPP GDP of the soviet union. China has 4.75 times as much population.

The Atlantic looked at historical World GDP shares for the last 2000 years.

The Daily Beast looked at China's economy compared to the Soviet Union.

Japan had a peak nominal GDP in 1995 (with a very strong yen) of 71% of the US economy.



GDP estimates from wikipedia This GDP table is in billions.

Country GDP (2012 nominal) GDP (2013 nominal)PPP 2012 Population
Russia 2,022 2,311 2,511 143.1
Kazakhstan 199 220 232 16.7
Ukraine 183 199 344 45.6
Azerbaijan 72 82 101 9.1
Belarus 58 62 148 9.5
Georgia 16 17.3 25.4 4.5
Uzbekistan 52 58 102 29.1
Armenia 10.5 11 19 3.3
Lithuania424564 3.2
Latvia 27 29 36 2.1
Estonia 22 24 28 1.3
Kyrgyzstan6.47.0 14 5.3
Tajikistan 7.2 7.7 177.8
Moldova 7.6 8.1 12.7 3.6
Totals 2725 3081 3654 284.2



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