Browsing: SCO

  • China has edged out the US as the world’s biggest contributor to the global gross domestic product
  • The US accounted for 15.2 per cent of the global GDP after adjusting for purchasing power parity (PPP) in 2018
  • This share is expected to decrease to 13.86 per cent by 2024

China has edged out the US as the world’s biggest contributor to the global gross domestic product which currently stands at an estimated 16 per cent.

The US accounted for 15.2 per cent of the global GDP after adjusting for purchasing power parity (PPP) in 2018. This share is expected to decrease to 13.86 per cent by 2024.

While the US still commands a sizeable amount of the world’s business, there seems to be a new order coming up where the nation will be relegated in terms of not only business but influence in a new world where the dollar will …