Calculi's Politics Blog

Countries doubling their income

It took China only 12 years to double its GDP per person (in PPP) from $1300 to $2600. And China will need only 7 years to double it from the present level or $8400. And India is following, too, though not as quick as China, but much quicker than the developed countries.

… GDP per person in both China and India could double from 2011 levels by the end of this decade. People in the developed economies will have to wait another quarter century to see their incomes double.

Source: GDP per person: Double your income! | The Economist.

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