Americans regard the U.S. as both the current world leader in economic power, as well as the country most likely to be the leader 20 years in the future, a new Gallup survey reveals.
Asked to name the world’s leading economic power, more Americans cited the U.S. than named any other country, as fifty percent dubbed the U.S. to have the top economy. Only China, cited by 39%, even came close to the U.S.:
- United States: 50%
- China: 39%
- European Union: 4%
- Japan: 4%
- Russia: 2%
- India: 1%
- Other/No Opinion: 1%
According to Gallup, Americans rank the U.S. the world’s leading economy for the first time since 2010, thanks to economic growth and the strongest consumer confidence in two decades:
“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%).”
The percentage of Americans naming the U.S. the top economic power hit its low point of 31% in 2014, before rebounding to 37% in 2016, 42% in 2018 and 50% this year.
In a separate question, when asked to predict which country they think will have the world’s leading economy twenty years from now, 53% named the United States, followed by China with 30%. And, again, no other country or economic union garnered even five percent of the vote.
The national survey of 1,028 adults (18+ years old) was conducted February 3-16, 2020. Results have a margin of sampling error of plus or minus four percentage points at the 95% confidence level.