Our Economic Dominance is Ebbing

When one looks at the GDP of nations and collective nations (Regions), it becomes apparent that our world dominance is ebbing.

The European Union, which is listed by the IMF as a single entity, is listed first(all numbers in trillions):
European Union[n 1] 17,371,618[16]
United States 16,799,700

But more importantly, we are losing even that position yearly to China as noted by the closing Delta, even in the last two years noted by the IMF:

US United States 16,244,600
China. 8,358,400

US United States 16,799,700
China 9,181,377[n 2]

Just to save you the math, the delta was 7,886,200 (trillion) in 2012; and 7,618,323 (trillion) in 2013.

Yes the gap is closing because (probably among other things), the educational standards of the US are eroding. As older Americans with better educations leave the workforce, the Delta will decrease more quickly.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: