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.

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.

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.

Historical chart and dataset showing China GDP 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 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.

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.

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.

In 2024, the gross domestic product (GDP) of Shanghai municipality in China amounted to approximately 5.39 trillion yuan. Shanghai is the most populous city in China and has the largest GDP of all Chinese cities. It is located in Eastern China on the southern estuary at the mouth of the Yangtze river. Development of GDP in Shanghai The GDP of Shanghai has previously grown at a high pace, but economic development has gradually lost momentum over the years. GDP growth in Shanghai, which developed very close to national figures in recent years, ranged at 5.0 percent in 2024. From a sectoral point of view, the tertiary sector of the economy displayed the highest growth rates in most of the past years and services already account for more than 75 percent of the value added to the GDP. In contrast, the share of the industrial sector, which had once been of great importance to Shanghai, has been shrinking in most of the years. Branches in the service sector of the economy that experienced the fastest development were financial intermediation and information industries. Per capita GDP in Shanghai Set in relation to the population size of the city, the economic success of its inhabitants becomes apparent. Per capita GDP of Shanghai citizens exceeded 20,000 U.S. dollars on average for the first time in 2019, which is in the global middle field and well above the average in East Asia. However, when comparing it to other cities or regions, it has to be taken into account that the administrative area of Shanghai municipality is quite large and includes distant suburbs as well as villages on agrarian land. For this reason, Shanghai’s per capita GDP is quite high and only second to Beijing when it is compared on a provincial level in mainland China. However, when compared on a city level, with other Chinese cities often having smaller administrative areas not including distant suburbs, Shanghai’s per capita GDP ranks only within the leading 10 cities.

China Gross Domestic Product (GDP): Single Hit Scenario data was reported at 106,000.000 RMB bn in 2021. This records an increase from the previous number of 97,800.000 RMB bn for 2020. China Gross Domestic Product (GDP): Single Hit Scenario data is updated yearly, averaging 24,450.000 RMB bn from Dec 1992 (Median) to 2021, with 30 observations. The data reached an all-time high of 106,000.000 RMB bn in 2021 and a record low of 2,720.000 RMB bn in 1992. China Gross Domestic Product (GDP): 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 by Expenditure: Forecast: Non OECD Member: Annual. GDP-Gross domestic product, value, market prices Expenditure approach System of national Accounts 2008:https://unstats.un.org/unsd/nationalaccount/docs/sna2008.pdf European system of accounts ESA2010:https://ec.europa.eu/eurostat/documents/3859598/5925693/KS-02-13-269-EN.PDF/44cd9d01-bc64-40e5-bd40-d17df0c69334 Understanding NATIONAL ACCOUNTS:https://www.oecd.org/sdd/UNA-2014.pdf

The Gross Domestic Product per capita in China was last recorded at 13121.68 US dollars in 2024. The GDP per Capita in China is equivalent to 104 percent of the world's average. This dataset provides - China GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about China Government Debt: % of GDP

• China Government debt accounted for 25.6 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 25.1 % in the previous quarter.
• China government debt to GDP ratio data is updated quarterly, available from Mar 2014 to Dec 2024.
• The data reached an all-time high of 25.6 % in Dec 2024 and a record low of 14.0 % in Mar 2014.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. The Ministry of Finance provides Government Debt in local currency. The National Bureau of Statistics provides Nominal GDP in local currency. Government Debt covers Central Government only.


Related information about China Government Debt: % of GDP

• In the latest reports, China National Government Debt reached 4,230.0 USD bn in Dec 2023.
• The country's Nominal GDP reached 4,166.8 USD bn in Mar 2023.

In 2024, the nominal gross domestic product (GDP) of the Chinese capital, Beijing, amounted to approximately **** trillion yuan, compared to about **** trillion yuan in the previous year. Beijing municipality is located in northern China, together with Tianjin and Hebei province it forms the Jing-Jin-Ji Metropolitan Region, which is the most important economic zone in northern China. GDP development in Beijing After the initiation of the reform era in 1978, Beijing experienced an unprecedented phase of economic growth. GDP growth rates displayed double digits for most of this period, especially in the years between 1992 and 2008. Beijing’s growth rates closely resembled national Chinese figures but were slightly higher on average. Interrupted by the global financial crises in 2008, economic development slowed down in the years following. Per capita GDP in Beijing displayed a similar development, and per capita disposable income crossed the 10,000 U.S. dollar threshold in 2020. This was one of the highest values for disposable income among municipalities and provinces in China. Real growth rates of per capita disposable income were slightly lower than GDP growth, but still indicated a robust improvement of people’s income in recent years. GDP sector distribution As the capital city of China, Beijing’s economy has always been comparatively service oriented. The share of the service sector in terms of GDP reached more than ** percent in 2024, which was the highest value of all cities in China. The relocation of parts of the manufacturing industries to neighboring districts in order to improve air quality and the congestion level of the city’s infrastructure is further contributing to this development. Economic sectors that are of great importance to the city and were promoted by the municipal government in recent years are financial intermediation, IT services and scientific research and development.

China: GDP per unit of energy used: The latest value from 2014 is 5.71 GDP per kg of oil equivalent, an increase from 5.45 GDP per kg of oil equivalent in 2013. In comparison, the world average is 10.48 GDP per kg of oil equivalent, based on data from 128 countries. Historically, the average for China from 1990 to 2014 is 3.42 GDP per kg of oil equivalent. The minimum value, 1.28 GDP per kg of oil equivalent, was reached in 1990 while the maximum of 5.71 GDP per kg of oil equivalent was recorded in 2014.

Hong Kong Gross Domestic Product (GDP): SNA08: CL: 2014p data was reported at 633,461.000 HKD mn in Dec 2016. This records an increase from the previous number of 600,298.000 HKD mn for Sep 2016. Hong Kong Gross Domestic Product (GDP): SNA08: CL: 2014p data is updated quarterly, averaging 287,796.000 HKD mn from Mar 1973 (Median) to Dec 2016, with 176 observations. The data reached an all-time high of 633,461.000 HKD mn in Dec 2016 and a record low of 64,882.000 HKD mn in Dec 1974. Hong Kong Gross Domestic Product (GDP): SNA08: CL: 2014p data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong – Table HK.A005: SNA 2008: GDP: by Expenditure: 2014 Price: Chain Linked. The quarterly sum of GDP by major expenditure component in chained (2014) dollars for period 1973 to 1986 may not be comparable with annual data due to limited input data available for recalculation of reliable volume estimates of GDP and its components. Rebased from 2014p to 2015p Replacement series ID: 386603377

Unemployment Rate in China decreased to 5 percent in May from 5.10 percent in April of 2025. This dataset provides - China Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the gross domestic product (GDP) per capita of Beijing municipality amounted to around ******* yuan, up from ******* yuan in 2015. Beijing is the capital city of China and after Shanghai the second largest city in the country. Per capita GDP development in Beijing Beijing saw an amazingly steady development of per capita GDP over the last decades, with nominal figures roughly doubling over the last ten years and exceeding ****** U.S. dollars for the first time in 2017. When compared on a national provincial and municipal level, Beijing displays the highest per capita GDP figures in China. From a city perspective, only very few Chinese cities indicate per capita GDP values on a comparable or higher level. Compared to other countries in the Asian Pacific region, Beijing’s per capita GDP is in the middle field and still considerably lower than the national average in developed East Asian countries. People’s income situation in Beijing As with per capita GDP, disposable income per person living in Beijing improved steadily over time. Real growth rates of disposable income slowed down in recent years but still indicated a robust positive development. Although overall consumer price inflation was consistently low in Beijing, prices for housing, child-related services, and eating out exploded over the years, leaving the impression for many lower income families that life in Beijing is no longer affordable.

Abstract

Financial inclusion is critical in reducing poverty and achieving inclusive economic growth. When people can participate in the financial system, they are better able to start and expand businesses, invest in their children’s education, and absorb financial shocks. Yet prior to 2011, little was known about the extent of financial inclusion and the degree to which such groups as the poor, women, and rural residents were excluded from formal financial systems.

By collecting detailed indicators about how adults around the world manage their day-to-day finances, the Global Findex allows policy makers, researchers, businesses, and development practitioners to track how the use of financial services has changed over time. The database can also be used to identify gaps in access to the formal financial system and design policies to expand financial inclusion.

Geographic coverage

National Coverage. Oversampling was used in Beijing, Guangzhou, and Shanghai.

Analysis unit

Individual

Universe

The target population is the civilian, non-institutionalized population 15 years and above.

Kind of data

Sample survey data [ssd]

Frequency of data collection

Triennial

Sampling procedure

As in the first edition, the indicators in the 2014 Global Findex are drawn from survey data covering almost 150,000 people in more than 140 economies-representing more than 97 percent of the world's population. The survey was carried out over the 2014 calendar year by Gallup, Inc. as part of its Gallup World Poll, which since 2005 has continually conducted surveys of approximately 1,000 people in each of more than 160 economies and in over 140 languages, using randomly selected, nationally representative samples. The target population is the entire civilian, noninstitutionalized population age 15 and above. The set of indicators will be collected again in 2017.

Surveys are conducted face to face in economies where telephone coverage represents less than 80 percent of the population or is the customary methodology. In most economies the fieldwork is completed in two to four weeks. In economies where face-to-face surveys are conducted, the first stage of sampling is the identification of primary sampling units. These units are stratified by population size, geography, or both, and clustering is achieved through one or more stages of sampling. Where population information is available, sample selection is based on probabilities proportional to population size; otherwise, simple random sampling is used. Random route procedures are used to select sampled households. Unless an outright refusal occurs, interviewers make up to three attempts to survey the sampled household. To increase the probability of contact and completion, attempts are made at different times of the day and, where possible, on different days. If an interview cannot be obtained at the initial sampled household, a simple substitution method is used. Respondents are randomly selected within the selected households by means of the Kish grid. In economies where cultural restrictions dictate gender matching, respondents are randomly selected through the Kish grid from among all eligible adults of the interviewer's gender.

In economies where telephone interviewing is employed, random digit dialing or a nationally representative list of phone numbers is used. In most economies where cell phone penetration is high, a dual sampling frame is used. Random selection of respondents is achieved by using either the latest birthday or Kish grid method. At least three attempts are made to reach a person in each household, spread over different days and times of day.

The sample size in China was 4,696 individuals.

Mode of data collection

Other [oth]

Research instrument

The questionnaire was designed by the World Bank, in conjunction with a Technical Advisory Board composed of leading academics, practitioners, and policy makers in the field of financial inclusion. The Bill and Melinda Gates Foundation and Gallup Inc. also provided valuable input. The questionnaire was piloted in multiple countries, using focus groups, cognitive interviews, and field testing. The questionnaire is available in 142 languages upon request.

Questions on cash withdrawals, saving using an informal savings club or person outside the family, domestic remittances, school fees, and agricultural payments are only asked in developing economies and few other selected countries. The question on mobile money accounts was only asked in economies that were part of the Mobile Money for the Unbanked (MMU) database of the GSMA at the time the interviews were being held.

Sampling error estimates

Estimates of standard errors (which account for sampling error) vary by country and indicator. For country-specific margins of error, please refer to the Methodology section and corresponding table in Asli Demirguc-Kunt, Leora Klapper, Dorothe Singer, and Peter Van Oudheusden, “The Global Findex Database 2014: Measuring Financial Inclusion around the World.” Policy Research Working Paper 7255, World Bank, Washington, D.C.

Hong Kong Real Gross Domestic Income: SNA08: CL: 2014p data was reported at 614,366.000 HKD mn in Sep 2016. This records an increase from the previous number of 565,474.000 HKD mn for Jun 2016. Hong Kong Real Gross Domestic Income: SNA08: CL: 2014p data is updated quarterly, averaging 419,175.000 HKD mn from Mar 1993 (Median) to Sep 2016, with 95 observations. The data reached an all-time high of 630,570.000 HKD mn in Dec 2015 and a record low of 288,085.000 HKD mn in Mar 1993. Hong Kong Real Gross Domestic Income: SNA08: CL: 2014p data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong – Table HK.A005: GDP: by Expenditure: 2014 Price: Chain Linked.

In 2024, the service sector of the economy in Shanghai municipality in China grew by around 5.7 percent compared to the previous year. The share of the service sector in the gross domestic product (GDP) of Shanghai grew gradually over the last decade and reached around 78.2 percent in 2024.