What year is it in China?
Shanghai 1987-2013
Here’s a little exercise in comparative and historical economics.
Using the USA’s history of economic development as the baseline, as expressed in per capita GDP, what year is it in various countries, as measured by gross domestic product (at purchasing power parity) per capita?
(Naturally using GDP as a measure of economic growth and well-being comes with all sorts of caveats).
US historical per capita GDP estimates are from Measuring Worth.
Per capita GDP (PPP) estimates are from the International Monetary Fund.
Countries in which per capita GDP (PPP) is now similar to US per capita GDP in 1790:
Madagascar
Mozambique
Eritrea
Countries in which per capita GDP (PPP) is now similar to US per capita GDP in 1860:
Tajikistan
Micronesia
Kenya
Papua New Guinea
Countries in which per capita GDP (PPP) is now similar to US per capita GDP in 1900:
India
Vietnam
Angola
Countries in which per capita GDP (PPP) is now similar to US per capita GDP in 1925:
Ukraine
Jamaica
El Salvador
Morocco
Countries in which per capita GDP (PPP) is now similar to US per capita GDP in 1950:
China
Mexico
Brazil
Colombia
Countries in which per capita GDP (PPP) is now similar to US per capita GDP in 1975:
Russia
Poland
Greece
Turkey
Countries in which per capita GDP (PPP) is now similar to US per capita GDP in 2000:
Germany
Denmark
Austria
Canada
Some points of historical economic reference:
JM Keynes published “Economic Possibilities for Our Grandchildren” in 1929.
JK Galbraith published The Affluent Society in 1958.