03 FEBRUARY 2025AlCircle.com
US vs. China: Washington tightens hold on world’s largest economy title
Edited by : Rupankar Majumder
4 min read
The United States in 2024 further solidified its position as the world's largest economy, with resilient consumer spending driving its continued lead over China for the third consecutive year—at least by one key measure. According to data released by the Bureau of Economic Analysis on January 30, 2025, US GDP grew by 5.3 per cent in 2024 before adjusting for inflation. In contrast, China's nominal GDP expanded by 4.2 per cent, as reported by the country's National Bureau of Statistics a few days back.
Source: Bureau of Economic Analysis
Note: Annual GDP, unadjusted for price changes
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