KAG: Americans Now Say U.S. is World’s Leading Economic Power
For the first time in ten years, Americans believe the United States is currently the world’s economic leader, according to a new Gallup survey.
CNSNews points out that when asked to name the world’s leading economic power, 50 percent of respondents said the U.S. deserved that title:
- United States: 50%
- China: 39%
- European Union: 4%
- Japan: 4%
- Russia: 2%
- India: 1%
- Other/No Opinion: 1%
Throughout the past decade, Americans consistently named China as the leading economic power, including by roughly 20-point margins between 2011 and 2014.
As the U.S. economy continued its expansion in recent years, China still led, though by smaller margins. Now, with Americans’ economic confidence the best it’s been in two decades, they once again believe the U.S. is the leading economic power.
The only other time Gallup found the U.S. leading on this measure was in 2000 during the dot-com boom, the first time the question was asked. At that time, 65% of Americans said the U.S. was the leading economic power, with only 10% choosing China, putting it third behind the U.S. and Japan (16%).
When respondents were asked what country would have the world’s leading economy in 20 years, 53 percent said the U.S. while only 30 percent said it would be China.
The poll also found that Americans’ favorable rating of China declined by 20 points since 2018, with only 33 percent approval.