China’s GDP

Just read that China’s economic or GDP growth is continuing at 10% a year.

Out of interest I just projected how long it will take for China to have a higher GDP per capita than New Zealand, assuming we continue at 3% a year.

NZ is currently US$23,846 per capita and China US$1,272, so we are 19 times larger.

By the year 2050, China will have a higher GDP per person than New Zealand, if we both continue at the same growth rates.