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.

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.

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.

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

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

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.

CN: Macro-economic Climate Index: Leading Index data was reported at 98.800 2019=100 in Nov 2024. This records an increase from the previous number of 98.700 2019=100 for Oct 2024. CN: Macro-economic Climate Index: Leading Index data is updated monthly, averaging 98.900 2019=100 from Dec 2022 (Median) to Nov 2024, with 24 observations. The data reached an all-time high of 100.680 2019=100 in Apr 2023 and a record low of 95.888 2019=100 in Dec 2022. CN: Macro-economic Climate Index: Leading Index data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Business and Economic Survey – Table CN.OF: Economic Climate Indicator.

China GDP: Year to Date: TI: Wholesale and Retail Trade data was reported at 3,309.710 RMB bn in Mar 2025. This records a decrease from the previous number of 13,798.092 RMB bn for Dec 2024. China GDP: Year to Date: TI: Wholesale and Retail Trade data is updated quarterly, averaging 1,273.560 RMB bn from Dec 1991 (Median) to Mar 2025, with 134 observations. The data reached an all-time high of 13,798.092 RMB bn in Dec 2024 and a record low of 53.680 RMB bn in Mar 1992. China GDP: Year to Date: TI: Wholesale and Retail Trade data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product: Quarterly.

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.

China's main stock market index, the SHANGHAI, rose to 3520 points on July 14, 2025, gaining 0.27% from the previous session. Over the past month, the index has climbed 3.86% and is up 18.35% 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.

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.

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.

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.

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.

China GDP Index: YoY: TI: Real Estate data was reported at 101.000 Prev Year=100 in Mar 2025. This records a decrease from the previous number of 102.000 Prev Year=100 for Dec 2024. China GDP Index: YoY: TI: Real Estate data is updated quarterly, averaging 107.800 Prev Year=100 from Mar 1992 (Median) to Mar 2025, with 133 observations. The data reached an all-time high of 134.700 Prev Year=100 in Dec 1992 and a record low of 94.000 Prev Year=100 in Mar 2020. China GDP Index: YoY: TI: Real Estate data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AB: Gross Domestic Product: Index: Quarterly.

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.

Foreign Exchange Reserves in China increased to 3317000 USD Million in June from 3285000 USD Million in May of 2025. This dataset provides - China Foreign Exchange Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China GDP: Linked Series data was reported at 126,058,207.463 RMB mn in 2023. This records an increase from the previous number of 120,472,395.262 RMB mn for 2022. China GDP: Linked Series data is updated yearly, averaging 24,476,539.927 RMB mn from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 126,058,207.463 RMB mn in 2023 and a record low of 1,887,286.883 RMB mn in 1990. China GDP: Linked Series 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: Nominal. 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. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in current local currency.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;

Consumer Price Index CPI in China increased to 103.20 points in April from 103.10 points in March of 2025. This dataset provides - China Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.