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Historical chart and dataset showing China GDP by year from 1960 to 2023.
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.
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The Gross Domestic Product (GDP) in China expanded 1.10 percent in the second 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.
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Key information about China GDP Per Capita
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.
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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.;;
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<ul style='margin-top:20px;'>
<li>China trade to gdp ratio for 2022 was <strong>38.35%</strong>, a <strong>1.05% increase</strong> from 2021.</li>
<li>China trade to gdp ratio for 2021 was <strong>37.30%</strong>, a <strong>2.55% increase</strong> from 2020.</li>
<li>China trade to gdp ratio for 2020 was <strong>34.75%</strong>, a <strong>1.14% decline</strong> from 2019.</li>
</ul>Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.
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.
In 2023, the annual per capita gross domestic product (GDP) in different provinces, municipalities, and autonomous regions in China varied from approximately 200,300 yuan in Beijing municipality to roughly 47,900 yuan in Gansu province. The average national per capita GDP crossed the threshold of 10,000 U.S. dollars in 2019 and reached around 89,400 yuan in 2023. Regional economic differences in China The level of economic development varies considerably in different parts of China. Four major geographic and economic regions can be discerned in the country: The economically advanced coastal regions in the east, less developed regions in Northeast and Central China, and the developing regions in the west. This division has deep historical roots reflecting the geography of each region and their political past and present. Furthermore, regional economic development closely correlates with regional urbanization rates, which closely resembles the borders of the four main economic regions. Private income in different parts of China Breaking the average income figures further down by province, municipality, or autonomous region reveals that the average disposable income in Shanghai or Beijing is on average more than three times higher than in Tibet or Gansu province. In rural areas, average disposable income is often only between one third and one half of that in urban areas of the same region. Accordingly, consumer expenditure per capita in urban areas reaches the highest levels in Shanghai, Beijing, and the coastal regions of China.
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Manufacturing, value added (% of GDP) in China was reported at 24.87 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Manufacturing, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.
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China GDP: TI: Information Transmission, Software and Information Technology Service data was reported at 1,836.980 RMB bn in Mar 2025. This records an increase from the previous number of 1,570.792 RMB bn for Dec 2024. China GDP: TI: Information Transmission, Software and Information Technology Service data is updated quarterly, averaging 906.370 RMB bn from Mar 2015 (Median) to Mar 2025, with 41 observations. The data reached an all-time high of 1,836.980 RMB bn in Mar 2025 and a record low of 404.860 RMB bn in Sep 2015. China GDP: TI: Information Transmission, Software and Information Technology Service data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.AA: Gross Domestic Product: Quarterly.
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GDP: Guangdong: Dongguan data was reported at 1,228.215 RMB bn in 2024. This records an increase from the previous number of 1,143.813 RMB bn for 2023. GDP: Guangdong: Dongguan data is updated yearly, averaging 99.348 RMB bn from Dec 1978 (Median) to 2024, with 47 observations. The data reached an all-time high of 1,228.215 RMB bn in 2024 and a record low of 0.611 RMB bn in 1978. GDP: Guangdong: Dongguan data remains active status in CEIC and is reported by Dongguan Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AE: Gross Domestic Product: Prefecture Level City.
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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.
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ABSTRACT This article seeks to show two interconnected phenomena in China. The first is a historical process that took place in the past 40 years involving institutional and qualitative changes in the state-controlled portion of the Chinese economy. Such changes have brought about new and superior forms of economic planning, based on which a higher stage of development pattern has emerged. We call this new development pattern "New Projectment Economy" and it synthesizes a series of state capacities built over time. The second phenomenon relates to how the state capacities created in the past decades have allowed the country to show adaptive flexibility and rapid efficiency in the containment of Covid-19 crisis internally and thus explain China's successful response in the fight against the coronavirus. Such phenomena, pari passu, show China's potential and projection as an international political actor.
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China recorded a trade surplus of 114.77 USD Billion in June of 2025. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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GDP: Shaanxi: Xian data was reported at 1,331.778 RMB bn in 2024. This records an increase from the previous number of 1,201.076 RMB bn for 2023. GDP: Shaanxi: Xian data is updated yearly, averaging 69.049 RMB bn from Dec 1952 (Median) to 2024, with 48 observations. The data reached an all-time high of 1,331.778 RMB bn in 2024 and a record low of 0.337 RMB bn in 1952. GDP: Shaanxi: Xian data remains active status in CEIC and is reported by Xian Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AE: Gross Domestic Product: Prefecture Level City.
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Economic institutional change is a vital driving force behind the rapid rise of China’s economy. However, the incremental approach to economic institutional change has caused unbalanced transformation and economic growth. To this end, we adopted the entropy method to measure the economic institutional change index, and employed social network analysis to reveal its spatial correlation characteristics. We then applied QAP analysis to empirically demonstrate the impact of China’s economic institutional change on regional disparities in economic growth. The findings indicated a gradual increase in the level of economic institutions over time and a spatial gradient between the eastern, central, and western regions. Moreover, the spatial correlation network of China’s economic institutional change is stable and gradually improving. Nevertheless, the role of provinces in the process of economic institutional change varies: the eastern coastal provinces play a dominant role, the central and western provinces benefit to a lesser extent, and some provinces in northeastern China play a “bridging” and “intermediary” role. Regional differences in China’s economic institutional change have widened the regional disparities in China’s economic growth, and the impact of each dimension of economic institutions on regional disparities in economic growth is characterized by phases.
In 2024, the budget balance in relation to the gross domestic product (GDP) in China stood at approximately -7.34 percent. Between 1982 and 2024, the figure dropped by around 7.56 percentage points, though the decline followed an uneven course rather than a steady trajectory. The budget balance is forecast to decline by about 0.77 percentage points from 2024 to 2030, fluctuating as it trends downward.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.
This statistic depicts the year-on-year growth rate of the gross domestic product of Xinjiang Uygur Autonomous Region in China from 2000 to 2023. In 2023, Xinjiang's GDP value grew by 6.8 percent from the previous year.
In 2023, the United States had a real gross domestic product of about 22 trillion U.S. dollars (2017 chained). See the U.S. GDP for further information. Real Gross Domestic Product is an inflation-adjusted measure that reflects the value of all goods and services produced in a given year, expressed in base-year prices.
Real GDP in the U.S.
The real GDP of the U.S. has increased from 9.37 trillion U.S. dollars (2012 chained) in 1990 to 22 trillion U.S. dollars in 2023. Like many of the worlds major economies, the United States has experienced a steady growth in GDP over the last few years. The Indian economy was expected to experienced growth of 9.4 percent between 2020 and 2021, while China’s GDP was expected to grow 8.1 percent in the same period. One of the defining qualities of the United States’ economy is its diversity and advanced technological advancements. Industries such as finance, real estate, health care, and business and education services are large contributors to the economy, while the manufacturing sector accounts for about 11 percent of the country’s wealth.
The GDP generated by each state can also vary widely based on principal industries and production. In 2021, California had the highest state GDP in the United States, reaching 3.35 trillion U.S. dollars; comparatively, Vermont generated a GDP of 36.17 billion U.S. dollars in that year.
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Historical chart and dataset showing China GDP by year from 1960 to 2023.