Note that this comparison is not GDP, except for the US. It is GDP scaled by purchasing power or cost of living, in comparison to the US.

In the simplest terms, if it costs half as much to buy things in China as the US, then China's GDP is doubled for this ranking.

Actual GDP is about $20.6 trillion in the US, and $13.4 trillion in China, as of the end of 2018.

The PPP measure is very imprecise, because it's impossible to come up with an objective cost of living comparison, and all the estimates are flawed in one way or another.

I also wouldn't trust the projections too much. Cost of living goes up as an economy becomes more advanced.

Just wait until the UK is out of Europe, that little line is going to shoot across the screen........Just not sure in which direction.

#2

IF* we do indeed leave then I hope up, but I'm pretty sure we're in trouble in the short term (5-10 years). Long term is much more difficult to say... Fingers crossed!

* I believe we are in such crisis that anything could happen i.e. (& I'm speculating here) recent headlines about immigrants crossing the channel into the UK could be tactics designed to convince the majority of the old and/or foolish who voted leave mainly to curb immigration that it will happen regardless. Who would want this to happen and why? Ask yourself.

#2 People are *terrified* of changes, doesn't matter if they're good or bad. UK will be far better off outside of the EU, where I live we're already discussing leaving because it has given us nothing but problems.

Respectfully to all who have commented on The UK’s situation if Brexit happens (and sorry #4. Huldu there is zero evidence of the UK being ‘far better off outside of the EU’ but plenty to suggest up to a decade of economic hardship as new treaties / policies / laws / agreements are negotiated etc. etc.) what most Brexiteers forget is that the public voted for it based on lies, fraudulent claims and wishful thinking. The public had no idea of the complexity of getting out, the actual costs it would entail, and the hardship it would cause.

People voted for Brexit because they were sold a pack of lies. Add in the Russian bots amplifying the message and you get the looming disaster.

What were people promised? And these all come from leading politicians who championed the Brexit.

1) £350m for the NHS LIE. This number was pulled out of the air, touted by Boris and Nigel, and slapped on their bus but it has no legitimacy. Notice how this promise has died a quite death.

2) Brexit will be easy, and have no downsides There will be no downside to Brexit, only a considerable upside. Promised by David Davis, Michael Gove, John Redwood, Liam Fox, Boris, Nigel etc. etc.
Really? Anyone in the private sector with a background in govt and trade and law and business claimed bullocks.

3 The UK did not need a transition deal and would not be subject to EU rules or budgets during one
Yup. Complete and total knowable in advance lie.

4. The UK would owe no money to the EU after it left in March 2019 LIE. Current divorce costs are estimated at €40bn to €45bn

5. A raft of new trade deals would be ready on 29 March 2019
As the UK crashes towards a hard Brexit … zero trade deals have even been discussed.

6. There would be no role for the European court of justice in Britain after Brexit day
Rubbish. The ECJ will have full jurisdiction during the transition period and the ECJ interpretation of relevant civil rights laws are likely to hold thereafter.

7 Britain will take back control of its fisheries after Brexit The reality is the EU will have continued access to UK fishing waters throughout the transition period and has demanded reciprocal access afterwards too as a condition of any future trade deal.

8. More money for scientists, and farmers. Not true. We lose all access to EU funding, grants and partnerships. This has been / will be devastating for higher ed, science, the tech sector, banking, and agriculture.

9. ‘“After we Vote Leave, there won’t be a sudden change that disrupts the economy.” – Boris Johnson, Gisela Stuart and Michael Grove. Really? Only a politician could make such a statement with a straight face.

The UK, because it is leaving a larger multinational trading block developed over decades, was always going to be at a strategic and negotiating disadvantage. The same rules and regs from Brussels that people hate also make exiting incredibly difficult. This should have fooled no one.

People voted for a proposal that was packaged in an appealing patriotic quasi-nationalistic message that deliberately didn’t contain any substantive details and was buttressed by a series of emotionally compelling lies and a clever ad campaign . Now that the actual costs and hardships have become known, the UK will be set back a decade in terms of growth, worse with a hard Brexit, which seems to be the reality now. Putin is laughing his ass off at the instability he has created.

If you had presented this upfront to the UK populous (or your fellow citizens #4. Huldu) I doubt they would have voted to leave. The EU is not perfect but it is a complicated deal with the devil. The only way I see forward is a second referendum – it is the only democratic option. These are the terms of leaving – do we as a country want to do this? Vote on the actual terms of the divorce not just a slick package of feel good lies.

#5 I liked your comment because I agree with everything you said.

I only hope that if we do go ahead with another referendum, the damage/instability this would undoubtedly cause can be overcome.

Either way, 2019 looks to be one we will probably all remember well for the rest of our lives

Happy new year all!

Invest accordingly.

i think that GDP per capita is more interesting
https://www.youtube.com/watch?v=KcNU_-rkYnI
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita

i'll miss you UK

#3 Seriously, why always this irrational fear of immigration??