Whenever I see stats showing US economic performance vs [wherever], I always think of this 2002 item from the FT:
tldr: the US massages their numbers upwards cf other countries by how they treat value of investments/goods.
Tallies with my experience of US subsidiary reporting.

To be sure, there is a large gap in the ~level~ of GDP per capita:

US GDP per capita is 35%-40% higher than in the EU

But that gap is overwhelmingly due to the fact that people work fewer hours in the EU – not that Europeans are less productive

Adjusted for the difference in price level, GDP per capita has grown 70% in the US since 1990 vs. 63% in the EU27

This corresponds to an annual growth rate of 1.6% in the US vs. 1.5% in the EU.

The US has been doing better post-Covid, but over the medium run no big divergence

Aquí la tenéis si no queréis buscarla, que me ha saltado el pantallazo en LinkedIn 🤣

If anything, fiscal concerns in Europe now centre not on Southern Europe but on France, which—like the US—is failing to rein in its deficits.

Momentum and direction matter—and Southern Europe looks relatively solid on both.

The US and China, well, much less so.

2/2