China is set to overtake US economy in 2050

China will be in the first place by 2050

According to the latest World Bank figures, the economy of the United States is the largest in the world. At $18 trillion, it represents a quarter share of the global economy (24.3%). China follows, with $11 trillion, or 14.8% of the world economy. Japan is in third place with an economy of $4.4 trillion, which represents almost 6% of the world economy. India is in seventh place with $2 trillion. Although China trails the US by $7 trillion, it’s catching up. China’s economy grew by 6.7% in 2016, compared to America’s 1.6%, according to the IMF. However, the experts predict