The Gross Domestic Product (GDP) in China expanded 4.80 percent in the third 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.

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 4.8 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 third 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 latest data from show economic growth of 4.8 percent, which is a decrease from the rate of growth of 5.2 percent in the previous quarter and
an increase compared to the growth rate of 4.6 percent in the same quarter last year. The economic growth time series for China cover the period from...

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.

The graph shows per capita gross domestic product (GDP) in China until 2024, with forecasts until 2030. In 2024, per capita GDP reached around 13,300 U.S. dollars in China. That year, the overall GDP of China had amounted to 18.7 trillion U.S. dollars. Per capita GDP in China Gross domestic product is a commonly-used economic indicator for measuring the state of a country's economy. GDP is the total market value of goods and services produced in a country within a given period of time, usually a year. Per capita GDP is defined as the GDP divided by the total number of people in the country. This indicator is generally used to compare the economic prosperity of countries with varying population sizes.In 2010, China overtook Japan and became the world’s second-largest economy. As of 2024, it was the largest exporter and the second largest importer in the world. However, one reason behind its economic strength lies within its population size. China has to distribute its wealth among 1.4 billion people. By 2023, China's per capita GDP was only about one fourth as large as that of main industrialized countries. When compared to other emerging markets, China ranked second among BRIC countries in terms of GDP per capita. Future development According to projections by the IMF, per capita GDP in China will escalate from around 13,300 U.S. dollars in 2024 to 18,600 U.S. dollars in 2030. Major reasons for this are comparatively high economic growth rates combined with negative population growth. China's economic structure is also undergoing changes. A major trend lies in the shift from an industry-based to a service-based economy.

Full Year GDP Growth in China decreased to 5 percent in 2024 from 5.40 percent in 2023. This dataset includes a chart with historical data for China Full Year GDP Growth.

Economic growth, quarterly in China, September, 2025 The most recent value is 1.1 percent as of Q3 2025, an increase compared to the previous value of 1 percent. Historically, the average for China from Q1 2011 to Q3 2025 is 1.55 percent. The minimum of -10.5 percent was recorded in Q1 2020, while the maximum of 12.8 percent was reached in Q2 2020. | TheGlobalEconomy.com

Historical dataset showing China economic growth by year from 1960 to 2023.

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 5.4 percent in 2023 and 5.0 percent in 2024. 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.

In the third quarter of 2025, the growth of the real gross domestic product (GDP) in China ranged at *** percent compared to the same quarter of the previous year. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. GDP growth in China In 2024, China ranged second among countries with the largest gross domestic product worldwide. Since the introduction of economic reforms in 1978, the country has experienced rapid social and economic development. In 2013, it became the world’s largest trading nation, overtaking the United States. However, per capita GDP in China was still much lower than that of industrialized countries. Until 2011, the annual growth rate of China’s GDP had constantly been above nine percent. However, economic growth has cooled down since and is projected to further slow down gradually in the future. Rising domestic wages and the competitive edge of other Asian and African countries are seen as main reasons for the stuttering in China’s economic engine. One strategy of the Chinese government to overcome this transition is a gradual shift of economic focus from industrial production to services. Challenges to GDP growth Another major challenge lies in the massive environmental pollution that China’s reckless economic growth has caused over the past decades. China’s development has been powered mostly by coal consumption, which resulted in high air pollution. To counteract industrial pollution, further investments in waste management and clean technologies are necessary. In 2017, about **** percent of GDP was spent on pollution control. Surging environmental costs aside, environmental issues could also be a key to industrial transition as China placed major investments in renewable energy and clean tech projects. The consumption of green energy skyrocketed from **** exajoules in 2005 to **** million in 2022.

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.

Description

This dataset provides monthly economic indicators examining the relationship between US protectionist trade policies and Chinese economic growth from May 2022 to May 2025. The dataset can be used for academic research, statistical analysis, and educational purposes in international economics and trade policy studies.

Context

The dataset captures the economic dynamics during a period of heightened trade tensions between the United States and China. It includes comprehensive indicators of US protectionist measures and their potential impact on various dimensions of Chinese economic performance.

Dataset Structure

Time Period: May 2022 - May 2025 Frequency: Monthly Total Observations: 1127 Total Variables: 14

Column Descriptions

Date

• Type: Categorical (YYYY-MM format)
• Description: Month and year of observation

US Protectionism Indicators

US_Tariff_Index

• Type: Continuous
• Range: 100-120
• Description: Tariff rate index where 100 represents the baseline. Higher values indicate increased protectionist measures.

US_Trade_Restrictions

• Type: Discrete
• Range: 5-15
• Description: Number of new trade restrictions implemented per month, including tariffs, quotas, and non-tariff barriers.

US_AntiDumping_Cases

• Type: Discrete
• Range: 0-12
• Description: Number of anti-dumping cases filed against Chinese products per month.

US_Trade_Policy_Uncertainty

-Type: Continuous - Range: 90-160 - Description: Index measuring uncertainty in trade policy (0-200 scale). Higher values indicate greater uncertainty.

Chinese Growth Indicators

China_GDP_Growth_YoY

• Type: Continuous
• Unit: Percentage (%)
• Range: 3.5-5.5%
• Description: Year-over-year GDP growth rate for China.

China_Industrial_Production_YoY

• Type: Continuous
• Unit: Percentage (%)
• Range: 2.5-5.0%
• Description: Year-over-year change in industrial production output.

China_Exports_Growth_YoY

• Type: Continuous
• Unit: Percentage (%)
• Range: 0-15%
• Description: Year-over-year growth rate of Chinese exports.

China_Manufacturing_PMI

• Type: Continuous
• Range: 47-52
• Description: Purchasing Managers' Index for manufacturing sector. Values >50 indicate expansion, <50 indicate contraction.

China_FDI_Inflow_USD_Billion

• Type: Continuous
• Unit: Billion USD
• Range: 7-15
• Description: Monthly foreign direct investment inflows into China.

Bilateral Trade Indicators

US_China_Trade_Volume_USD_Billion

• Type: Continuous
• Unit: Billion USD
• Range: 40-60
• Description: Total monthly bilateral trade volume between US and China.

US_Trade_Deficit_China_USD_Billion

• Type: Continuous
• Unit: Billion USD
• Range: -32 to -24
• Description: US trade deficit with China. Negative values indicate deficit.

Additional Economic Indicators

USD_CNY_Exchange_Rate

• Type: Continuous
• Range: 6.7-7.3
• Description: Exchange rate expressing yuan per US dollar.

China_Stock_Index

• Type: Continuous
• Range: 2,800-3,500
• Description: Shanghai Composite Stock Index (normalized).

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.

According to a median projection in October 2025, China's GDP was expected to grow by *** percent in 2025. 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 *** trillion U.S. dollars in that year. 

China GDP: Growth: Gross Value Added: Services data was reported at 7.756 % in 2016. This records a decrease from the previous number of 8.194 % for 2015. China GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 9.509 % from Dec 1961 (Median) to 2016, with 56 observations. The data reached an all-time high of 19.395 % in 1984 and a record low of -25.600 % in 1961. China GDP: Growth: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s China – Table CN.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

China: Economic growth: the rate of change of GDP: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for China from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

Key information about China Labour Productivity Growth

• China Labour Productivity improved by 5.84 % YoY in Dec 2024, compared with a growth of 4.43 % in the previous year
• China Labour Productivity Growth data is updated yearly, available from Dec 1953 to Dec 2024, averaging at 8.05 %
• The data reached an all-time high of 15.12 % in Dec 1970 and a record low of -26.48 % in Dec 1961

CEIC calculates Labour Productivity Growth from annual Real GDP Index and annual Employment. The National Bureau of Statistics provides Real GDP, at 1978 prices. The Ministry of Human Resources and Social Security provides Employment. Employment excludes Foreign Nationals working within the country. Real GDP prior to 1979 is based on Real GDP PY=100.


Further information about China Labour Productivity Growth

• In the latest reports, China Population reached 1,408.28 Person mn in Dec 2024
• Its Unemployment Rate increased to 5.20 % in Sep 2025
• Monthly Earnings of China stood at 1,438.12 USD in Dec 2024
• The country's Labour Force Participation Rate dropped to 65.39 % in Dec 2024

In the second quarter of 2025, the growth of the real gross domestic product (GDP) in China ranged at *** percent compared to the same quarter of the previous year. IT services displayed the highest sectoral growth reaching **** percent compared to **** percent in the construction sector.

Key information about China Real GDP Growth

• The Gross Domestic Product (GDP) in China expanded 4.8 % YoY in Sep 2025, following a growth of 5.2 % in the previous quarter.
• Real GDP Growth YoY data in China is updated quarterly, available from Mar 1992 to Sep 2025, with an average rate of 7.1 %.
• The data reached an all-time high of 18.9 % in Mar 2021 and a record low of -6.8 % in Mar 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP Index. The National Bureau of Statistics provides Real GDP Index, at previous year prices.


Related information about China Real GDP Growth

• In the latest reports, Nominal GDP of China reached 4,953.4 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) fell 1.0 % in Sep 2025.
• GDP Per Capita in China reached 13,306.2 USD in Dec 2024.
• Its Gross Savings Rate was measured at 43.4 % in Dec 2024.
• For Nominal GDP contributions, Investment accounted for 40.6 % in Dec 2024.
• Public Consumption accounted for 16.6 % in Dec 2024.
• Private Consumption accounted for 39.9 % in Dec 2024.