According to preliminary figures, the growth of real gross domestic product (GDP) in China amounted to 5.0 percent in 2024. For 2025, the IMF expects a GDP growth rate of around 3.95 percent. Real GDP growth The current gross domestic product is an important indicator of the economic strength of a country. It refers to the total market value of all goods and services that are produced within a country per year. When analyzing year-on-year changes, the current GDP is adjusted for inflation, thus making it constant. Real GDP growth is regarded as a key indicator for economic growth as it incorporates constant GDP figures. As of 2024, China was among the leading countries with the largest gross domestic product worldwide, second only to the United States which had a GDP volume of almost 29.2 trillion U.S. dollars. The Chinese GDP has shown remarkable growth over the past years. Upon closer examination of the distribution of GDP across economic sectors, a gradual shift from an economy heavily based on industrial production towards an economy focused on services becomes visible, with the service industry outpacing the manufacturing sector in terms of GDP contribution. Key indicator balance of trade Another important indicator for economic assessment is the balance of trade, which measures the relationship between imports and exports of a nation. As an economy heavily reliant on manufacturing and industrial production, China has reached a trade surplus over the last decade, with a total trade balance of around 992 billion U.S. dollars in 2024.

The Gross Domestic Product (GDP) in China expanded 1.20 percent in the first quarter of 2025 over the previous quarter. This dataset provides - China GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about China GDP Per Capita

• China Gross Domestic Product (GDP) per Capita reached 13,306.173 USD in Dec 2024, compared with 12,959.024 USD in Dec 2023.
• China GDP Per Capita data is updated yearly, available from Dec 1957 to Dec 2024, with an average number of 388.951 USD.
• The data reached an all-time high of 13,306.173 USD in Dec 2024 and a record low of 68.243 in Dec 1957.
• CEIC converts annual GDP per Capita into USD. The National Bureau of Statistics provides GDP per Capita in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

• In the latest reports, China GDP expanded 4.550 % YoY in Mar 2023.
• China Nominal GDP reached 4,166.759 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 0.400 % in Mar 2023.
• Gross Savings Rate of China was measured at 44.277 % in Dec 2023.

In 2018, China accounted for more than half of the global textile and apparel production and around 23 percent of all textile exports worldwide. Chinese also produced around 42 percent of all chemical products, however, it accounted for only seven percent of the global chemical exports.

China's digital economy has been growing rapidly in recent years. In 2023, the economy reached a size of nearly ** trillion yuan, registering a nominal year-on-year growth of **** percent, much higher than the country's nominal GDP growth at *** percent. The digital economy accounted for around ** percent of China's GDP.

Key information about China Gross National Product (GNP)

• China Gross National Product (GNP) was reported at 18,617.329 USD bn in Dec 2024.
• This records an increase from the previous number of 18,131.846 USD bn for Dec 2023.
• China Gross National Product (GNP) data is updated yearly, averaging 435.702 USD bn from Dec 1957 to 2024, with 68 observations.
• The data reached an all-time high of 18,617.329 USD bn in 2024 and a record low of 43.606 USD bn in 1957.

• China Gross National Product (GNP) data remains active status in CEIC and is reported by CEIC Data.
• CEIC converts annual Gross National Product into USD. The National Bureau of Statistics provides Gross National Product in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

An investigation into China's economy and market openness based on key economic data indicates that the economy in China today is generally more open than in 2010, but less open than in many other advanced countries. The openness in international trade reached a score of 4.4 on a scale from zero (low openness) to ten (high openness), less than the open economy average of 6.0. Other investigated measures include: financial system development, the level of allowed and supported market competition, the development of a modern innovation system, direct investment openness, and portfolio investment openness.

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

Economic growth is central to economic development. When national income grows, real people benefit. While there is no known formula for stimulating economic growth, data can help policy-makers better understand their countries' economic situations and guide any work toward improvement. Data here covers measures of economic growth, such as gross domestic product (GDP) and gross national income (GNI). It also includes indicators representing factors known to be relevant to economic growth, such as capital stock, employment, investment, savings, consumption, government spending, imports, and exports.

In 2023, Shanghai was the city with the largest GDP in China, reaching a value added of approximately 4.7 trillion yuan. The four Chinese first-tier cites Beijing, Shanghai, Shenzhen, and Guangzhou had by far the strongest economic performance. Development of Chinese cities Rapid urbanization and economic growth have reshaped all Chinese cities since the economic opening up of China. While the first-tier cities have overall benefitted most from this development, the last two decades have seen many second-tier cities catching up. For many years already, growth rates in Qingdao, Hangzhou, Changsha, and Zhengzhou have been higher than in Shanghai or Beijing.This development was driven by lower costs in smaller cities, a specialization of their economies, and political measures to support inland cities and ease the pressure on the largest municipalities. Today, per capita GDP in cities such as Suzhou, Nanjing, and Shenzhen is already higher than in Beijing or Shanghai. Future perspectives Competition between cities will further change China’s urban landscape in the future. Medium-sized cities that can provide an attractive economic environment have the potential to grow their economy at a faster pace, attract immigration, and further increase their relative importance. Cities that are losing their competitive edge, however, like Shenyang, Dalian, and other cities in the northeastern rustbelt, are increasingly confronted by economic stagnation and demographic decline.

China Industrial Enterprise: Total Asset: Current: Inventory: Finished Product data was reported at 4,311,910.000 RMB mn in 2018. This records an increase from the previous number of 4,239,368.000 RMB mn for 2017. China Industrial Enterprise: Total Asset: Current: Inventory: Finished Product data is updated yearly, averaging 2,216,808.000 RMB mn from Dec 2001 (Median) to 2018, with 18 observations. The data reached an all-time high of 4,311,910.000 RMB mn in 2018 and a record low of 663,483.619 RMB mn in 2001. China Industrial Enterprise: Total Asset: Current: Inventory: Finished Product data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BF: Industrial Financial Data.

China recorded a trade surplus of 103.22 USD Billion in May of 2025. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This data package includes the PIIE dataset to replicate the data and charts presented in The rise of US economic sanctions on China: Analysis of a new PIIE dataset by Martin Chorzempa, Mary E. Lovely, and Christine Wan, PIIE Policy Brief 24-14.

If you use the dataset, please cite as: Chorzempa, Martin, Mary E. Lovely, and Christine Wan. 2024. The rise of US economic sanctions on China: Analysis of a new PIIE dataset, PIIE Policy Brief 24-14. Washington, DC: Peterson Institute for International Economics.

GDP Index: Heilongjiang data was reported at 103.200 Prev Year=100 in 2024. This records an increase from the previous number of 102.800 Prev Year=100 for 2023. GDP Index: Heilongjiang data is updated yearly, averaging 107.826 Prev Year=100 from Dec 1953 (Median) to 2024, with 72 observations. The data reached an all-time high of 140.500 Prev Year=100 in 1958 and a record low of 58.300 Prev Year=100 in 1961. GDP Index: Heilongjiang data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.AB: Gross Domestic Product: Index: by Province.

CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Current Quarter: Property Market data was reported at 0.035 % Point in Mar 2025. This records an increase from the previous number of -0.075 % Point for Feb 2025. CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Current Quarter: Property Market data is updated monthly, averaging 0.063 % Point from Oct 2024 (Median) to Mar 2025, with 6 observations. The data reached an all-time high of 0.150 % Point in Nov 2024 and a record low of -0.075 % Point in Feb 2025. CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Current Quarter: Property Market data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s National Accounts – Table CN.AJ: Gross Domestic Product: Nowcast: Current Quarter. China GDP releases in January for Q4, April for Q1, July for Q2 and October for Q3. 'Next Quarter' during periods between - October release to January release refers to Q1 GDP data estimate; January release to April release refers to Q2 GDP data estimate; April release to July release refers Q3 GDP data estimate; July release to October release refers to Q4 GDP data estimate.

Economic Activity Index in China decreased to 50.80 points in October from 51.70 points in September of 2021. This dataset provides - China Economic Activity Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP from Services in China decreased to 195142.30 CNY Hundred Million in the first quarter of 2025 from 765582.50 CNY Hundred Million in the fourth quarter of 2024. This dataset provides - China Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

China Other Food: Current Asset data was reported at 188.753 RMB bn in Oct 2015. This records an increase from the previous number of 186.320 RMB bn for Sep 2015. China Other Food: Current Asset data is updated monthly, averaging 100.521 RMB bn from Dec 1998 (Median) to Oct 2015, with 102 observations. The data reached an all-time high of 188.753 RMB bn in Oct 2015 and a record low of 16.850 RMB bn in Dec 1999. China Other Food: Current Asset data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BHB: Food: Other Food.

China's main stock market index, the SHANGHAI, rose to 3448 points on July 1, 2025, gaining 0.11% from the previous session. Over the past month, the index has climbed 2.57% and is up 15.06% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks this benchmark index from China. China Shanghai Composite Stock Market Index - values, historical data, forecasts and news - updated on July of 2025.

According to Ipsos Consolidated Economic Indicators based on monthly surveys conducted by Ipsos, the sub-index for the current economic situation in China ranged at 70.8 points in October 2022, up from 70.1 points in the previous month. In comparison, the sub-index for the current economic situation in the United States stood at 39.6 points in October 2022.

Graph and download economic data for Current Account Credit: Total Income for China (DISCONTINUED) (BPCRIN01CNQ637S) from Q1 1998 to Q2 2013 about current account, BOP, credits, China, and income.