The world’s second-largest economy sometimes suffers from its own success: it’s hard to comprehend how big it really is.
To help put things in perspective, this map compares China’s economy with East, Southeast, South, and Central Asia: a combined entity of 30 other countries labeled as “Rest of Asia”.
Data is sourced from the UN and the IMF as of 2024. Countries from Western Asia (i.e. the Middle East) and Russia (which spans Europe and Asian continents) haven’t been included, and data was unavailable for North Korea.
How China Stacks Up vs. Asian Economies
With an $18 trillion economic output in 2024, China’s GDP is nearly $2 trillion larger than 30 economies combined: $16.5 trillion.
China v Rest of Asia 2024 GDP Population
🇯🇵 Japan $4,070,000,000,000 123,753,000
🇮🇳 India $3,890,000,000,000 1,450,936,000
🇰🇷 South Korea $1,870,000,000,000 51,718,000
🇮🇩 Indonesia $1,400,000,000,000 283,488,000
🇹🇼 Taiwan $775,020,000,000 23,214,000
🇸🇬 Singapore $530,710,000,000 5,832,387
🇹🇭 Thailand $528,920,000,000 71,668,000
🇻🇳 Vietnam $468,490,000,000 100,988,000
🇧🇩 Bangladesh $451,470,000,000 173,562,000
🇵🇭 Philippines $440,060,000,000 115,844,000
🇨🇳 China $18,270,000,000,000 1,419,321,000
That list of 30 countries includes other Asian heavyweights like: Japan ($4.1 trillion), India ($3.9 trillion), and South Korea ($1.87 trillion), the world’s 4th, 5th, and 12th largest economies.
More than 2.9 billion people inhabit this bloc of countries, compared to China’s 1.4 billion residents. The per capita GDP reveals the imbalance in productivity: $12,870 for China versus $5,583 for the rest of Asia.
Why the Chinese Economy Slowdown Matters
Now that comprehending the size of China’s economy is somewhat more feasible, it makes more sense why the post-pandemic slowdown has rung alarm bells for economists around the world.
It’s easier to think of it less as one country in an economic slump, and more as, say, 30 countries in a bit of a bother.
Since 2010, China’s economy has added roughly $1 trillion—the size of Saudi Arabia—every single year. From 2012–2021, China contributed nearly 39% to global growth by itself, more than the G7 countries combined.
It’s not an exaggeration to say the world economy would look very different without China—especially for the manufacturing and industrial sectors, where it commands a dominant market position.
Falling Chinese demand hurts all the countries who export to China—and this includes large parts of Asia and Africa.
Meanwhile, in an effort to sell elsewhere, Chinese businesses have shifted focus to international markets, already putting them in confrontational crosshairs with the U.S. and EU over unfair trade practices. More tariffs could raise the cost of goods and services to consumers around the world.
