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Chart: Is U.S. or China the World’s Economic Superpower?

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Chart: Is U.S. or China the World's Economic Superpower?

Is U.S. or China the World’s Economic Superpower?

Popular opinion changes depending on where you live

The Chart of the Week is a weekly Visual Capitalist feature on Fridays.

Since the collapse of the Berlin Wall in 1989, the world has had one undisputed economic superpower: the United States.

But while the U.S. has enjoyed its moment in the sun, the balance of power has been slowly shifting towards the inevitable rise of China. It’s been a long time coming, but China now has the manpower, influence, and economic might to compete at a similar level – and if you ask people around the world, they’ve certainly taken notice.

Economic Superpowers

The United States and China combine for 39% of global GDP, 53% of estimated economic growth in the coming years, and 23% of the world’s population.

But which one is perceived as the more dominant economic power?

According to a recent survey by Pew Research Center, the vary wildly depending on the people and country surveyed. However, on an aggregate level that uses the results from the people in 38 countries surveyed, Pew determined that a median of 42% of people list the United States as the world’s leading economic power, while 32% name China as top dog.

Which one of the following do you think is the world’s leading economic power?

RankCountryGlobal median (%)
#1United States42%
#2China32%
#3Countries of the EU9%
#4Japan7%
#5Other / None10%

While the U.S. maintains a narrow lead in aggregate, things get much more interesting when we look at individual countries.

Different Perspectives

Do America’s closest allies view it as the clear global superpower? What about the countries that neighbor China – surely, they must witness China’s economic might firsthand.

Weirdly, the dominant perspectives in these places are not as obvious as one would think.

More people living in Canada, Australia, and major European countries like France, Germany, Sweden, Spain, and the United Kingdom tend to view China as the global economic superpower.

Meanwhile, the majority of people in South American and African countries see the United States as the world’s major economic power – and people in countries near China (such as South Korea, Japan, Philippines, Indonesia, and Vietnam) all tend to agree with that sentiment as well.

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Ranked: Top 10 Single-Day Market Cap Gains

Nvidia broke the record for the largest single-day market cap gains after adding nearly $250B on Feb. 22, 2024.

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The 10 Biggest Single-Day Market Cap Gains

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Since the COVID-19 pandemic, U.S. tech stocks have led in terms of market cap gains, sometimes boosting their valuations by hundreds of billions of dollars in a single day.

In this graphic, we’ve ranked the largest single-day gains ever recorded, using data from Bloomberg.

Top 10 List

The top 10 list includes just 5 companies, and all are based in the U.S.

RankDateCompanySingle-day
Market Cap Gain
(USD billions)
1Feb 22, 2024NVIDIA$247.0
2Feb 2, 2024Meta$196.8
3Nov 10, 2022Apple$190.9
4Feb 4, 2022Amazon$190.8
5May 25, 2023NVIDIA$184.1
6Jan 28, 2022Apple$178.9
7Jul 31, 2020Apple$169.0
8Oct 28, 2022Apple$150.5
9Mar 13, 2020Microsoft$150.4
10Apr 26, 2023Microsoft$148.3

To put these massive gains into context, consider this: As of May 2023, the average market cap of an S&P 500 company was $30.4 billion.

Meta’s $197B Record Didn’t Last Long

On Feb 2. 2024, Meta set a new record for the largest single-day gain after reporting strong quarterly earnings, as well as announcing $50B in share repurchases and its first ever dividend payment.

This record lasted only 20 days, however, as Nvidia’s massive Q4 2024 earnings beat sent it to all-time highs. The firm is now nearing a $2T valuation, firmly placing it among the world’s most valuable corporations.

More on Nvidia’s Earnings…

Nvidia reported $12.3B in net income during Q4 2024, which is 769% higher than the same quarter last year. Revenues are also up 265% from last year, largely driven by demand for its AI chips like the H100 Tensor Core GPU.

Nvidia’s earnings have seemingly shifted the AI craze into another gear, boosting other chip stocks like AMD and Super Micro Computer (SMCI) to double-digit % gains for the day (Feb 22).

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