USA and China GDP Estimates for 2020 and 2021

US GDP at the end of 2020 is estimated at $21.48 trillion and China (with Hong Kong and Macua) is estimated at $16.03 trillion.

China reported 2020 GDP at 101.6 trillion yuan. The USD to Chinese Yuan exchange rate is 6.46. China’s GDP is US$15.73 Trillion. If Hong Kong and Macau GDP is added, then China’s GDP is US$16.03 trillion in February 2021. China is forecast to have 8% GDP growth in 2021. If the currency stayed stable then China+Hong Kond and Macua would have US$17.3 trillion GDP at the end of 2021.

The US economy is also expected to recover in 2021. Goldman Sachs forecasts that the US will have 6.8% GDP growth in 2021. The US would have $23.0 trillion GDP at the end of 2021 if Goldman is correct.

The Eurozone GDP declined 6.8% for the bloc in 2020. The EU is expecting about 3.5-4% GDP growth in 2021. The EU without the UK has a GDP of about $15.5 trillion.

SOURCES- NBS national bureau of statistics, Business insider, BEA Bureau of Economic Analysis
Written By Brian Wang,