Metric is the key. In nominal term, China's manufacturing sector (production of any physical goods) is already 3.9 times of US.Would you say that china has a larger economy than the US?? By many metrics china does seem to have a larger economy
Don't know where you get the data. Here is something I find from U.S. Bureau of Economic Analysisbut nominal GDP of the US has increased like $6 trillion in the past 2 years.
GDP for 2023
Real GDP increased 2.5 percent in 2023 (from the 2022 annual level to the 2023 annual level), compared with an increase of 1.9 percent in 2022 (table 1). The increase in real GDP in 2023 primarily reflected increases in consumer spending, nonresidential fixed investment, state and local government spending, exports, and federal government spending that were partly offset by decreases in residential fixed investment and private inventory investment. Imports decreased (table 2).
Current-dollar GDP increased 6.3 percent, or $1.61 trillion, in 2023 to a level of $27.36 trillion, compared with an increase of 9.1 percent, or $2.15 trillion, in 2022 (tables 1 and 3).
See the red texts. That is current dollar GDP which includes inflations meaning it is lower than real GDP. It was 1.61 trillion in 2023 and 2.15 trillion in 2022, at the dolloar value at their respecitive ending date of data collection. It is total 3.76 trillion.
U.S. inflation is 2022 was 8%, 2023 was 4.1%. If I am right, that will lead to 1.978 trillion increase in real GDP of 2022 and 1.5456 trillion in 2023 (only counting inflation from 2022 to 2023). The real GDP increase would be somewhere below 3.52 trillion if 2023 increase considers 2022 inflation as well since we are talking about two year increase here. It is almost half of 6 trillion.
You can see that economic analysis is truelly a science and math on the one hand if you take into all parameters and contexts, but can be a trickery by some people for various purposes.
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