China is proving beyond potentiality to threaten the economic dominance of the all might USA. Latest statistics from the International Monetary Fund (IMF) 2018 maintain the key players in the global economy.
Despite China’s threatening economic growth, the US still maintains her top position as the world’s biggest economy since 1871 according to Investopedia. Vibrant China comes second followed by Japan and Germany.
The sheer scale of the United States’ economy puts others into perspective. It is larger than the combined economies of numbers four to 10 on the list above. Overall, the global economy is worth an estimated of $79.98 trillion, meaning the US accounts for more than one-quarter of the world
Comparatively, the dominance of the US looks to be waning. According to data from the World Bank (illustrated by visual capitalist), the global economy will expand by $6.5 trillion between 2017 and 2019. America’s GDP is expected to account for 17.9% of this growth. China’s, however, is predicted to account for almost double this, at 35.2%.