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Branko Milanovic: Chart tracks China growth rate and GDP per capita since 1950
Branko Milanovic highlights China's economic growth by placing it in a long-term historical perspective. The provided chart visualizes the estimated rate of GDP per capita growth at various income levels, using over 10,000 observations from 1950 onward.
A highlighted dot on the chart marks China's current position for 2024, showing its recent growth rate and GDP per capita based on Milanovic's analysis.
Milanovic has previously analyzed income data across 25 Western economies, converting incomes into PPP dollars to chart growth patterns in his growth incidence curve study. He has also observed that U.S. GDP per capita reached its highest point relative to the world in 1952 based on available data in another historical review. These earlier findings provide comparative context to the current view of China's economic trajectory.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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