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 4.6 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 2023, 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 27.5 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 823 billion U.S. dollars in 2023.

The Gross Domestic Product (GDP) in China expanded 1.60 percent in the fourth quarter of 2024 over the previous quarter. This dataset provides - China GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

According to a median projection in January 2025, China's GDP was expected to grow by 4.9 percent in 2024, largely meeting the annual growth target of five percent set by the Chinese government. In the first quarter of 2020, the second-largest economy recorded the first contraction in decades due to the epidemic.  A root-to-branch shutdown of factories To curb the spread of the virus, the Chinese government imposed a lockdown in Wuhan, the epicenter, and other cities in Hubei province on January 23, 2020. A strict nationwide lockdown soon followed. Many factories remained closed in February, resulting in a plunge in manufacturing Purchasing Managers' Index (PMI). The shutdown of the “world’s factory” had severely disrupted global supply chains, especially automobile production. In March 2020, very few industrial sectors reported positive production growth.  The pharmaceuticals sector recorded a production increase, which was mainly driven by the global demand for vital medical supplies. China had exported over seven billion yuan worth of face masks. Ripple effects on global tourism Apart from the manufacturing industry, the prolonged closures of business had caused significant losses in various sectors in China. The travel and tourism sector was massively affected by a drastic decline in flight ticket sales  and hotel occupancy rates. The domestic tourism market expects a loss of 20 percent in revenues for 2020. Industry experts predicted that the global travel and tourism industry could lose about 2.5 trillion U.S. dollars in that year. 

China GDP: Growth data was reported at 5.678 % in 2026. This records an increase from the previous number of 5.253 % for 2025. China GDP: Growth data is updated yearly, averaging 10.520 % from Dec 1993 (Median) to 2026, with 34 observations. The data reached an all-time high of 36.342 % in 1994 and a record low of 2.742 % in 2020. China GDP: Growth 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. GDP_ANNPCT - Gross domestic product, nominal value, growthExpenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

In 2023, the gross domestic product (GDP) of China amounted to around 17.8 trillion U.S. dollars. In comparison to the GDP of the other BRIC countries India, Russia and Brazil, China came first that year and second in the world GDP ranking. The stagnation of China's GDP in U.S. dollar terms in 2022 and 2023 was mainly due to the appreciation of the U.S. dollar. China's real GDP growth was three percent in 2022 and 5.2 percent in 2023. In 2023, per capita GDP in China reached around 12,600 U.S. dollars. Economic performance in China Gross domestic product (GDP) is a primary economic indicator. It measures the total value of all goods and services produced in an economy over a certain time period. China's economy used to grow quickly in the past, but the growth rate of China’s real GDP gradually slowed down in recent years, and year-on-year GDP growth is forecasted to range at only around four percent in the years after 2023. Since 2010, China has been the world’s second-largest economy, surpassing Japan.China’s emergence in the world’s economy has a lot to do with its status as the ‘world’s factory’. Since 2013, China is the largest export country in the world. Some argue that it is partly due to the undervalued Chinese currency. The Big Mac Index, a simplified and informal way to measure the purchasing power parity between different currencies, indicates that the Chinese currency yuan was roughly undervalued by 31 percent in 2023. GDP development Although the impressive economic development in China has led millions of people out of poverty, China is still not in the league of industrialized countries on the per capita basis. To name one example, the U.S. per capita economic output was more than six times as large as in China in 2023. Meanwhile, the Chinese society faces increased income disparities. The Gini coefficient of China, a widely used indicator of economic inequality, has been larger than 0.45 over the last decade, whereas 0.40 is the warning level for social unrest.

The Gross Domestic Product (GDP) in China was worth 17794.78 billion US dollars in 2023, according to official data from the World Bank. The GDP value of China represents 16.88 percent of the world economy. This dataset provides - China GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Forecast: Business Volume of Postal Services in China 2024 - 2028 Discover more data with ReportLinker!

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.

This forecast statistic shows the operating revenue of computer manufacture in China from 2008 to 2012, with forecasts up until 2020. By 2016, operating revenues of computer manufacture in China are projected to reach approximately 227.9 billion U.S. dollars.

China GDP: Growth: Single Hit Scenario data was reported at 8.518 % in 2021. This records an increase from the previous number of -1.277 % for 2020. China GDP: Growth: Single Hit Scenario data is updated yearly, averaging 10.728 % from Dec 1993 (Median) to 2021, with 29 observations. The data reached an all-time high of 36.342 % in 1994 and a record low of -1.277 % in 2020. China GDP: Growth: Single 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. GDP_ANNPCT - Gross domestic product, nominal value, growthExpenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

This forecast statistic shows the operating revenue of wire and cable manufacture in China from 2008 to 2012, with forecasts up until 2020. By 2016, operating revenues of wire and cable manufacture in China are projected to reach approximately 247.81 billion U.S. dollars.

China GDP: Growth: Volume: Double Hit Scenario data was reported at 4.505 % in 2021. This records an increase from the previous number of -3.670 % for 2020. China GDP: Growth: Volume: Double Hit Scenario data is updated yearly, averaging 9.135 % from Dec 1993 (Median) to 2021, with 29 observations. The data reached an all-time high of 14.229 % in 2007 and a record low of -3.670 % in 2020. China GDP: Growth: Volume: 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. GDPV_ANNPCT - Gross domestic product, volume, growth Expenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

The China Business Process Outsourcing Market size was valued at USD 16.35 billion in 2023 and is projected to reach USD 34.59 billion by 2032, exhibiting a CAGR of 11.3 % during the forecasts period. The market benefits from a growing technological landscape, government support, rising demand for cost optimization, and increased focus on customer experience. Key players in the market include Accenture, Amdocs, Capgemini, Infosys, Wipro, and M&Y Global Services. Business Process Outsourcing (BPO) involves contracting specialized business operations to external service providers. These services can range from customer support and IT services to finance and accounting, allowing companies to focus on core activities. BPO providers offer expertise in specific domains, scalability to adjust to business needs, and often operate with advanced technology and processes. The advantages of BPO include cost savings through economies of scale and access to specialized skills that may not be available in-house. It also enhances operational flexibility by allowing businesses to scale operations up or down quickly.

China Contribution to Growth in Real GDP: Net Exports: Single Hit Scenario data was reported at 0.643 % in 2021. This records an increase from the previous number of -0.453 % for 2020. China Contribution to Growth in Real GDP: Net Exports: Single Hit Scenario data is updated yearly, averaging 0.285 % from Dec 1992 (Median) to 2021, with 30 observations. The data reached an all-time high of 2.537 % in 2006 and a record low of -3.436 % in 2009. China Contribution to Growth in Real GDP: Net Exports: Single 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. CQ_FBGSV-Net exports, contribution to growth in real GDP

Forecast: Business Enterprise Expenditure on R&D Performed in High and Medium-High R&D Intensive Industries in China 2024 - 2028 Discover more data with ReportLinker!

This forecast statistic shows the operating revenue of palm fiber product manufacture in China from 2008 to 2012, with forecasts up until 2020. By 2016, operating revenues of palm fiber product manufacture in China are projected to reach approximately 520.38 billion U.S. dollars.

Leading Economic Index China increased to 149.90 in January of 2025 over the same month in the previous year. This dataset provides - China Leading Economic Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Consumer Confidence in China increased to 87.50 points in January from 86.40 points in December of 2024. This dataset provides - China Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China GDP: Growth: Volume: Imports of Goods and Services: Single Hit Scenario data was reported at 3.298 % in 2021. This records an increase from the previous number of -1.764 % for 2020. China GDP: Growth: Volume: Imports of Goods and Services: Single Hit Scenario data is updated yearly, averaging 11.784 % from Dec 1993 (Median) to 2021, with 29 observations. The data reached an all-time high of 34.157 % in 1993 and a record low of -3.014 % in 1998. China GDP: Growth: Volume: Imports of Goods and Services: Single 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. MGSV_ANNPCT - Imports of goods and services, volume, growth (national accounts basis). Percentage change compared to the previous period. Quarterly growth expressed at annual rate.