China gdp growth rate for 2023 was 5.20%, a 2.21% increase from 2022.

<ul style='margin-top:20px;'>

<li>China gdp growth rate for 2022 was <strong>2.99%</strong>, a <strong>5.46% decline</strong> from 2021.</li>
<li>China gdp growth rate for 2021 was <strong>8.45%</strong>, a <strong>6.21% increase</strong> from 2020.</li>
<li>China gdp growth rate for 2020 was <strong>2.24%</strong>, a <strong>3.71% decline</strong> from 2019.</li>
</ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 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.

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.

In 2024, the gross domestic product (GDP) of China amounted to around 18.7 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 3.1 percent in 2022 and 5.4 percent in 2023. In 2024, per capita GDP in China reached around 13,300 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 2024. 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 38 percent in 2024. 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 2024. 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 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.

The Gross Domestic Product (GDP) in China expanded 5.40 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - China GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about China Real GDP Growth

• The Gross Domestic Product (GDP) in China expanded 4.5 % YoY in Mar 2023, following a growth of 2.9 % in the previous quarter.
• Real GDP Growth YoY data in China is updated quarterly, available from Mar 1992 to Mar 2023, with an average rate of 8.8 %.
• The data reached an all-time high of 18.7 % in Mar 2021 and a record low of -6.9 % in Mar 2020.

• In the latest reports, Nominal GDP of China reached 4,166.8 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 0.4 % in Mar 2023.
• GDP Per Capita in China reached 12,732.6 USD in Dec 2022.
• Its Gross Savings Rate was measured at 46.8 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 43.5 % in Dec 2022.
• Public Consumption accounted for 16.1 % in Dec 2022.
• Private Consumption accounted for 37.2 % in Dec 2022.

The Gross Domestic Product (GDP) in China was worth 18743.80 billion US dollars in 2024, according to official data from the World Bank. The GDP value of China represents 17.65 percent of the world economy. This dataset provides - China GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Historical chart and dataset showing China GDP by year from 1960 to 2023.

In 2023, the real gross domestic product (GDP) of China's Sichuan province increased by 6.0 percent compared to the previous year. Sichuan is a Chinese province located in Southwest China. The capital city of Sichuan is Chengdu.

In 2024, the service sector of the economy in China grew by around 5.0 percent compared to the previous year. This year, the industrial sector in China has been growing at a higher pace than the service sector.

The graph shows national debt in China related to gross domestic product until 2024, with forecasts to 2030. In 2024, gross national debt ranged at around 88 percent of the national gross domestic product. The debt-to-GDP ratio In economics, the ratio between a country's government debt and its gross domestic product (GDP) is generally defined as the debt-to-GDP ratio. It is a useful indicator for investors to measure a country's ability to fulfill future payments on its debts. A low debt-to-GDP ratio also suggests that an economy produces and sells a sufficient amount of goods and services to pay back those debts. Among the important industrial and emerging countries, Japan displayed one of the highest debt-to-GDP ratios. In 2024, the estimated national debt of Japan amounted to about 250 percent of its GDP, up from around 180 percent in 2004. One reason behind Japan's high debt load lies in its low annual GDP growth rate. Development in China China's national debt related to GDP grew slowly but steadily from around 23 percent in 2000 to 34 percent in 2012, only disrupted by the global financial crisis in 2008. In recent years, China increased credit financing to spur economic growth, resulting in higher levels of debt. China's real estate crisis and a difficult global economic environment require further stimulating measures by the government and will predictably lead to even higher debt growth in the years ahead.

According to preliminary data, the agricultural sector contributed around 6.8 percent to the gross domestic product (GDP) of China in 2024, whereas 36.5 percent of the economic value added originated from the industrial sector and 54.6 percent from the service sector, respectively. The total GDP of China at current prices amounted to approximately 134.91 trillion yuan in 2024. Economic development in China The gross domestic product (GDP) serves as a primary indicator to measure the economic performance of a country or a region. It is generally defined as the monetary value of all finished goods and services produced within a country in a specific period of time. It includes all of private and public spending, government spending, investments, and net exports which are calculated as total exports minus imports. In other words, GDP represents the size of the economy.With its national economy growing at an exceptional annual growth rate of above nine percent for three decades in succession, China had become the worlds’ second largest economy by 2010, surpassing all other economies but the United States. Even though China's GDP growth has cooled down in recent years, its economy still expanded at roughly two times the pace of the United States in 2024. Breakdown of GDP in China When compared to other developed countries, the proportions of agriculture and industry in China's GDP are significantly higher. Even though agriculture is a major industry in the United States, it only accounted for about one percent of the economy in 2023. While the service sector contributed to more than 70 percent of the economy in most developed countries, it's share was considerably lower in China. This was not only due to China's lower development level, but also to the country’s focus on manufacturing and export. However, as the future limitations of this growth model become more and more apparent, China is trying to shift it's economic focus to the high-tech and service sectors. Accordingly, growth rates of the service sector have been considerably higher than in industry and agriculture in the years before the spread of the coronavirus pandemic.

Five crises of human capital: a pathway to achieving socio-economic parity with developed nations in Russia today

Abstract

The World Bank is interested in gauging the views of clients and partners who are either involved in development in China or who observe activities related to social and economic development. The World Bank Country Assessment Survey is meant to give the Bank's team that works in China, more in-depth insight into how the Bank's work is perceived. This is one tool the Bank uses to assess the views of its critical stakeholders. With this understanding, the World Bank hopes to develop more effective strategies, outreach and programs that support development in China. The World Bank commissioned an independent firm to oversee the logistics of this effort in China.

The survey was designed to achieve the following objectives: - Assist the World Bank in gaining a better understanding of how stakeholders in China perceive the Bank; - Obtain systematic feedback from stakeholders in China regarding: · Their views regarding the general environment in China; · Their perceived overall value of the World Bank in China; · Overall impressions of the World Bank as related to programs, poverty reduction, personal relationships, effectiveness, knowledge base, collaboration, and its day-to-day operation; and · Perceptions of the World Bank's communication and outreach in China. - Use data to help inform the China country team's strategy.

Geographic coverage

National

Analysis unit

Stakeholder

Universe

Stakeholders of the World Bank in China

Kind of data

Sample survey data [ssd]

Sampling procedure

December 2011 thru March 2012, 518 stakeholders of the World Bank in China were invited to provide their opinions on the Bank's assistance to the country by participating in a country survey. Participants in the survey were drawn from among employees of a ministry or ministerial department of central government; local government officials or staff; project management offices at the central and local level; the central bank; financial sector/banks; NGOs; regulatory agencies; state-owned enterprises; bilateral or multilateral agencies; private sector organizations; consultants/contractors working on World Bank supported projects/programs; the media; and academia, research institutes or think tanks.

Mode of data collection

Face-to-face [f2f]

Research instrument

The Questionnaire consists of 8 Sections: 1. Background Information: The first section asked respondents for their current position; specialization; familiarity, exposure to, and involvement with the Bank; and geographic location.

1. General Issues facing China: Respondents were asked to indicate what they thought were the most important development priorities, which areas would contribute most to poverty reduction and economic growth in China, as well as rating their perspective on the future of the next generation in China.

2. Overall Attitudes toward the World Bank: Respondents were asked to rate the Bank's overall effectiveness in China, the extent to which the Bank's financial instruments meet China's needs, the extent to which the Bank meets China's need for knowledge services, and their agreement with various statements regarding the Bank's programs, poverty mission, relationships, and collaborations in China. Respondents were also asked to indicate the areas on which it would be most productive for the Bank to focus its resources and research, what the Bank's level of involvement should be, and what they felt were the Bank's greatest values and greatest weaknesses in its work.

3. The Work of the World Bank: Respondents were asked to rate their level of importance and the Bank's level of effectiveness across fifteen areas in which the Bank was involved, such as helping to reduce poverty and encouraging greater transparency in governance.

4. The Way the World Bank does Business: Respondents were asked to rate the Bank's level of effectiveness in the way it does business, including the Bank's knowledge, personal relationships, collaborations, and poverty mission.

5. Project/Program Related Issues: Respondents were asked to rate their level of agreement with a series of statements regarding the Bank's programs, day-to-day operations, and collaborations in China.

6. The Future of the World Bank in China: Respondents were asked to rate how significant a role the Bank should play in China's development and to indicate what the Bank could do to make itself of greater value and what the greatest obstacle was to the Bank playing a significant role in China.

7. Communication and Outreach: Respondents were asked to indicate where they get information about development issues and the Bank's development activities in China, as well as how they prefer to receive information from the Bank. Respondents were also asked to indicate their usage of the Bank's website and PICs, and to evaluate these communication and outreach efforts.

Response rate

A total of 207 stakeholders participated in the country survey (40%).

In 2022, the per capita gross domestic product (GDP) of China's Henan province increased by 3.5 percent in real terms compared to the previous year. Henan is one of the most populous provinces in China. It is located in China's middle region, next to Hebei, Shanxi, Shaanxi, Anhui and Hubei.

Hong Kong SAR (China) GDP: % of Total Value Added: Services data was reported at 91.050 % in 2022. This records an increase from the previous number of 89.680 % for 2021. Hong Kong SAR (China) GDP: % of Total Value Added: Services data is updated yearly, averaging 89.530 % from Dec 2000 (Median) to 2022, with 23 observations. The data reached an all-time high of 91.920 % in 2012 and a record low of 83.760 % in 2000. Hong Kong SAR (China) GDP: % of Total Value Added: Services 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 Hong Kong SAR (China) – Table HK.OECD.GGI: Governance: Economic Environment and Growth: Non OECD Member: Annual.

China GIO Growth: YoY Growth: Year to Date: Heavy Industry data was reported at 12.400 % in May 2012. This records a decrease from the previous number of 13.100 % for Apr 2012. China GIO Growth: YoY Growth: Year to Date: Heavy Industry data is updated monthly, averaging 27.500 % from Jan 1995 (Median) to May 2012, with 152 observations. The data reached an all-time high of 41.500 % in Feb 2010 and a record low of -3.500 % in Feb 2009. China GIO Growth: YoY Growth: Year to Date: Heavy Industry 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.BD: Gross Industrial Output: Monthly.

This study investigates the spatio-temporal evolution of agricultural carbon emission efficiency (ACEE) in China and its relationship with agricultural economic growth (AEG). The results indicate several findings: Firstly, between 2012 and 2021, China’s agricultural carbon emission efficiency exhibited an upward trend, with the mean value increased from 0.349 to 0.807. Furthermore, the distribution pattern shifted from a dispersed, point-like distribution to an aggregated and continuous distribution. Secondly, the average agricultural carbon emission efficiency in China following a decreasing order: South China, Northwest China, Southwest China, East China, North China, Central China and Northeast China. Thirdly, the relationship between agricultural carbon emission efficiency and the agricultural economy in China has transitioned from weak decoupling to negative decoupling. Based on these findings, this study proposes some recommendations to enhance agricultural carbon emission efficiency and promote its decoupling from agricultural economic growth. These recommendations aim to achieve low-carbon and high-efficiency development of agriculture.

GDP: TI: Scientific Research and Development, Technical Service: Hebei: Baoding data was reported at 7.156 RMB bn in 2012. This records an increase from the previous number of 5.425 RMB bn for 2011. GDP: TI: Scientific Research and Development, Technical Service: Hebei: Baoding data is updated yearly, averaging 5.367 RMB bn from Dec 2009 (Median) to 2012, with 4 observations. The data reached an all-time high of 7.156 RMB bn in 2012 and a record low of 5.065 RMB bn in 2009. GDP: TI: Scientific Research and Development, Technical Service: Hebei: Baoding data remains active status in CEIC and is reported by Baoding Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AE: Gross Domestic Product: Prefecture Level City: TI: Scientific Research and Development, Technical Service.

Raw data (China National Data and China Province Data).