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 1.10 percent in the second 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.

The graph shows China's share in global gross domestic product adjusted for purchasing-power-parity until 2024, with a forecast until 2030. In 2024, China's share was about 19.45 percent. China's global GDP share Due to the introduction of capitalist market principles in 1978, China's economic market began to show immense change and growth. China's real GDP growth ranged at 5.0 percent in 2024. China's per capita GDP is also expected to continue to grow, reaching 13,300 U.S. dollars in 2024. Comparatively, Luxembourg and Switzerland have some of the world’s largest GDP per capita with 141,100 U.S. dollars and 111,700 U.S. dollars, respectively, expected for 2025.China is the largest exporter and second largest importer of goods in the world and is also among the largest manufacturing economies. The country also ranges among the world's largest agricultural producers and consumers. It relies heavily on intensive agricultural practices and is the world's largest producer of pigs, chickens, and eggs. Livestock production has been heavily emphasized since the mid-1970s. China’s chemical industry has also seen growth with a heavy focus on fertilizers, plastics, and synthetic fibers. China's use of chemical fertilizers amounted to approximately 50.2 million metric tons in 2023. GDP composition in China Industry and construction account for less than 40 percent of China's GDP. Some of the major industries include mining and ore processing, food processing, coal, machinery, textiles and apparel, and consumer products. Almost half of China's output is dedicated to investment purposes. However, as the country tends to support gross output, innovation, technological advancement, and even quality are often lacking.

View quarterly updates and historical trends for China Real GDP YoY. Source: National Bureau of Statistics of China. Track economic data with YCharts anal…

China GDP: Growth: Volume: Total Domestic Expenditure data was reported at 4.255 % in 2026. This records an increase from the previous number of 3.787 % for 2025. China GDP: Growth: Volume: Total Domestic Expenditure data is updated yearly, averaging 8.444 % from Dec 1993 (Median) to 2026, with 34 observations. The data reached an all-time high of 15.359 % in 1993 and a record low of 2.062 % in 2020. China GDP: Growth: Volume: Total Domestic Expenditure data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s China – Table CN.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: Non OECD Member: Annual. TDDV_ANNPCT - Total domestic expenditure, volume, growth . Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

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.

In 2024, the real growth rate of the gross domestic product (GDP) of Yunnan province in China increased by *** percent compared to the previous year. Yunnan province is located in Southwestern China.

This study performs a meta-analysis of research that estimates the relationship between FDI and Chinese economic growth. Our sample includes 37 studies and a total of 280 estimates. We include both English- and Chinese-language studies. Our initial “raw” finding is that FDI has had a substantial, positive impact on Chinese economic growth. Furthermore, our results suggest that the effect is not inflated by endogeneity, nor impacted by publication bias. However, the positive effect is found to be smaller for more recent and better designed studies. When we adjust for preferred study and sample characteristics, we find that the estimated economic effect of FDI on Chinese economic growth is much smaller than indicated by the overall literature, and statistically insignificant. This suggests that the cause(s) of the Chinese “economic miracle” likely lie elsewhere.

Key information about China Total Exports

• China Total Exports expanded 28.1 % YoY in Oct 2021, compared with an increase of 30.0 % YoY in the previous month
• China Total Exports Growth data is updated monthly, available from May 2009 to Oct 2021, with an averaged rate of 7.7 %
• The data reached an all-time high of 59.1 % in Feb 2010 and a record low of -24.4 % in Jun 2009

• In the latest reports, China Total Exports recorded 335.6 USD bn in Dec 2024
• Total Imports recorded 230.8 USD bn in Dec 2024, which registered an increase of 20.8 % year on year
• China Trade Balance recorded a surplus of 104.8 USD bn in Dec 2024

Annual percentage growth rate of GDP at market prices based on constant 2010 US Dollars. in China was reported at 3.9 % in 2027, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Annual percentage growth rate of GDP at market prices based on constant 2010 US Dollars. - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

China GDP: Growth: Deflator: Double Hit Scenario data was reported at 1.624 % in 2021. This records an increase from the previous number of 1.387 % for 2020. China GDP: Growth: Deflator: Double Hit Scenario data is updated yearly, averaging 2.337 % from Dec 1993 (Median) to 2021, with 29 observations. The data reached an all-time high of 20.619 % in 1994 and a record low of -1.264 % in 1999. China GDP: Growth: Deflator: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s China – Table CN.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: Non OECD Member: Annual. PGDP_ANNPCT - Gross domestic product, market prices, deflator. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

GDP growth of China slumped by 8.08% from 5.4 % in 2023 to 5.0 % in 2024. Since the 266.21% surge in 2021, GDP growth sank by 41.92% in 2024. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

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.

Manufacturing, value added (% of GDP) in China was reported at 24.87 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Manufacturing, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Households and NPISHs Final consumption expenditure (annual % growth) in China was reported at 9.6544 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Household final consumption expenditure (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

The statistic shows a forecast for the average annual growth of the gross domestic product (GDP) in China until 2030. From 1995 to 2010, the annual average growth of the GDP in China amounted to *** percent.

GNI growth (annual %) in China was reported at 5.2709 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - GNI growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

In 2024, the real growth rate of the gross domestic product (GDP) of Hunan province in China increased by *** percent compared to the previous year. Hunan province is located in Central China.

Key information about China M2 Growth

• China Money Supply M2 increased 7.0 % YoY in Jan 2025, compared with a growth of 7.3 % in the previous month
• China Money Supply M2 growth data is updated monthly, available from Mar 1997 to Jan 2025
• The data reached an all-time high of 29.7 % in Nov 2009 and a record low of 6.2 % in Jun 2024

• In the latest reports, China Foreign Exchange Reserves was measured at 3,209.0 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 13.9 Months of Import in Dec 2024
• China Domestic Credit reached 48,395.6 USD bn in Dec 2024, representing an increased of 8.4 % YoY
• The country's Non Performing Loans Ratio stood at 1.6 % in Sep 2024, compared with the ratio of 1.6 % in the previous quarter
• Household Debt of China reached 11,347.6 USD bn in Dec 2024, accounting for 63.3 % of the country's Nominal GDP

GDP from Manufacturing in China increased to 202550.30 CNY Hundred Million in the second quarter of 2025 from 98344.50 CNY Hundred Million in the first quarter of 2025. This dataset provides - China Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.