Comparing China and India by Economy

Source World Bank : Nominal, PPP, Nominal per capita, PPP per capita
International Monetary Fund
Date28 Jun 2019

China and India are the two emerging economies of the world. As of 2019, China and India is 2nd and 5th largest country of the world, respectively in nominal basis. On PPP basis, China is at 1st and India is at 3rd place. Both countries together share 19.40% and 26.64% of total global wealth in nominal and PPP terms, respectively. Among Asian countries, China and India together contribute more than half of Asia's GDP.

In 1987, GDP (Nominal) of both countries was almost equal. But in 2019, China's gdp is 5.23 times greater than India. On ppp basis, GDP of China is 2.60 times more than India. China crossed $1 trillion mark in 1998 while India crossed 9 year later in 2007 at exchange rate basis.

As per both method, India was richer than China in 1990. Now in 2019, China is almost 5 times richer than India in nominal method and 2.48 times richer in ppp method. Per capita rank of China and India is 72th and 145th, resp, in nominal. Per capita rank of China and India is 75th and 126th, resp, in ppp.

China attains maximum gdp growth rate of 19.30% in year 1970 and minimum -27.27% in 1961. India reached an all time high of 10.26% in 2010 and a record low of -5.24% in 2009. During period 1961 to 2017, China grew by more than 10% in 22 years while India in only one. GDP growth rate was negative in seven and four years for China and India, respectively.

According to CIA Fackbook sector wise GDP composition of India in 2017 are as follows : Agriculture (15.4%), Industry (23%) and Services (61.5%). Sector wise GDP composition of China in 2017 are : Agriculture (8.3%), Industry (39.5%) and Services (52.2%).

China vs India by GDP
China vs India by GDP per capita
China vs India by GDP Growth rate

Projections by IMF

YearNominal GDP (billions $) PPP GDP (billions Int. $)Nominal GDP capita ($) PPP GDP capita (Int. $)Growth (%)
ChinaIndiaChinaIndia ChinaIndiaChinaIndiaChinaIndia
201813,407.402,652.2525,270.079,596.839,6082,01418,1107,2876.5677.168
201914,216.502,716.7527,331.1710,505.2910,1532,03619,5207,8746.2677.053
202015,468.102,972.0029,609.0911,468.0211,0142,19921,0828,4846.1197.257
202116,806.503,257.7232,038.0912,584.2311,9352,37922,7529,1896.0007.489
202218,206.853,577.3234,581.3613,840.0812,9002,57824,5039,9745.7507.740
202319,713.523,924.1137,274.6815,218.5213,9702,79126,41410,8255.6007.731
202421,309.504,306.2940,147.7716,736.5315,1023,02328,45311,7505.5007.742

Estimates by World Bank

YearNominal GDP (billions $) PPP GDP (billions Int. $)Nominal GDP capita ($) PPP GDP capita (Int. $)Growth (%)
ChinaIndiaChinaIndia ChinaIndiaChinaIndiaChinaIndia
196059.7236.54--9081----
196150.0638.71--7684---27.2703.723
196247.2141.60--7189---5.5802.931
196350.7147.78--74100--10.3005.994
196459.7155.73--85114--18.1807.453
196570.4458.76--98118--16.950-2.636
196676.7245.25--10489--10.650-0.055
196772.8849.47--9795---5.7707.826
196870.8552.38--9199---4.1003.388
196979.7157.67--100106--16.9406.540
197092.6061.59--113111--19.3005.157
197199.8066.45--119117--7.0601.643
1972113.6970.51--132122--3.810-0.553
1973138.5484.37--157142--7.7603.296
1974144.1898.20--160162--2.3101.185
1975163.4397.16--178156--8.7209.150
1976153.94101.35--165159---1.5701.663
1977174.94119.87--185184--7.5707.255
1978149.54135.47--156204--11.6675.713
1979178.28150.95--184222--7.600-5.238
1980191.15183.84--195264--7.8076.736
1981195.87190.91--197268--5.1726.006
1982205.09198.04--203271--8.9343.476
1983230.69215.35--225288--10.8357.289
1984259.95209.33--251274--15.1393.821
1985309.49229.41--294293--13.4435.254
1986300.76245.67--282307--8.9404.777
1987272.97275.31--252337--11.6893.965
1988312.35292.63--284351--11.2359.628
1989347.77292.09--311343--4.1865.947
1990360.86316.701,119.94986.933183649871,1343.9075.533
1991383.37266.501,264.771,030.553333001,0991,1609.2941.057
1992426.92284.361,477.501,111.833663141,2681,22714.2165.482
1993444.73275.571,722.421,192.363772981,4621,29013.8684.751
1994564.33322.911,988.671,298.824733431,6691,37813.0526.659
1995734.55355.482,252.441,426.356103701,8691,48510.9497.574
1996863.75387.662,521.271,562.037093962,0711,5969.9287.550
1997961.60410.322,801.141,653.117824112,2771,6579.2314.050
19981,029.04415.733,053.461,774.398294092,4591,7467.8386.184
19991,094.00452.703,337.891,960.918734382,6641,8957.6678.846
20001,211.35462.153,703.742,082.569594392,9331,9788.4923.841
20011,339.40478.974,104.072,232.771,0534473,2272,0848.3404.824
20021,470.55508.074,547.552,353.291,1494663,5522,1599.1313.804
20031,660.29599.595,103.712,588.881,2895413,9612,33610.0367.860
20041,955.35699.695,774.282,870.821,5096214,4552,54910.1117.923
20052,285.97808.906,639.273,238.321,7537075,0932,83011.3969.285
20062,752.13920.327,713.673,647.022,0997925,8843,13912.7199.264
20073,552.181,201.119,045.944,111.052,6951,0186,8643,48514.2319.801
20084,598.211,186.9510,113.804,354.793,4719917,6353,6389.6543.891
20095,109.951,323.9411,148.504,759.953,8381,0908,3743,9209.4008.480
20106,100.621,656.6212,485.005,312.424,5611,3469,3334,31610.63610.260
20117,572.551,823.0513,957.905,782.045,6341,46210,3844,6369.5366.638
20128,560.551,827.6415,331.806,209.856,3381,44711,3514,9167.8565.456
20139,607.221,856.7216,788.006,713.117,0781,45212,3685,2517.7586.386
201410,482.402,039.1318,336.407,339.977,6841,57613,4405,6737.2987.410
201511,064.702,102.3919,814.308,024.598,0691,60614,4506,1306.9008.154
201611,191.002,274.2321,411.508,705.018,1171,71715,5316,5746.7007.113
201712,237.702,600.8223,300.809,453.718,8271,94216,8077,0596.9006.624