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.

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.

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.

China GDP: Growth: Deflator: Double Hit Scenario data was reported at 1.624 % in 2021. This records an increase from the previous number of 1.387 % for 2020. China GDP: Growth: Deflator: Double Hit Scenario data is updated yearly, averaging 2.337 % from Dec 1993 (Median) to 2021, with 29 observations. The data reached an all-time high of 20.619 % in 1994 and a record low of -1.264 % in 1999. China GDP: Growth: Deflator: Double 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: Growth and Contribution to Growth: Forecast: Non OECD Member: Annual. PGDP_ANNPCT - Gross domestic product, market prices, deflator. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

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.

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.

A survey conducted at the end of 2024 in China shows that consumers from *******and *******cities were more optimistic than those living elsewhere in the country, with ***percent of respondents there expressing confidence in the economy. In Comparison, only ***percent of ******respondents were economically optimistic. Notably, the Generation Z was the most confident age group across all city tiers.

Contains data from the World Bank's data portal covering the following topics which also exist as individual datasets on HDX: Agriculture and Rural Development, Aid Effectiveness, Economy and Growth, Education, Energy and Mining, Environment, Financial Sector, Health, Infrastructure, Social Protection and Labor, Private Sector, Public Sector, Science and Technology, Social Development, Urban Development, Gender, Climate Change, External Debt, Trade.

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.

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.

GDP: Xinjiang: Aksu data was reported at 187.615 RMB bn in 2023. This records an increase from the previous number of 173.954 RMB bn for 2022. GDP: Xinjiang: Aksu data is updated yearly, averaging 79.280 RMB bn from Dec 2005 (Median) to 2023, with 19 observations. The data reached an all-time high of 187.615 RMB bn in 2023 and a record low of 17.040 RMB bn in 2005. GDP: Xinjiang: Aksu data remains active status in CEIC and is reported by Aksu Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AH: Gross Domestic Product: Prefecture Level Region.

China Producer Price Index: % Change over Previous Period data was reported at 0.278 % in Jun 2018. This records a decrease from the previous number of 0.465 % for May 2018. China Producer Price Index: % Change over Previous Period data is updated monthly, averaging 0.000 % from Feb 2010 (Median) to Jun 2018, with 101 observations. The data reached an all-time high of 1.746 % in Nov 2010 and a record low of -1.119 % in Jan 2015. China Producer Price Index: % Change over Previous Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s China – Table CN.IMF.IFS: Consumer and Producer Price Index.

China GDP: TI: Financial Intermediation data was reported at 6,909.990 RMB bn in 2018. This records an increase from the previous number of 6,539.500 RMB bn for 2017. China GDP: TI: Financial Intermediation data is updated yearly, averaging 29.382 RMB bn from Dec 1952 (Median) to 2018, with 67 observations. The data reached an all-time high of 6,909.990 RMB bn in 2018 and a record low of 1.170 RMB bn in 1952. China GDP: TI: Financial Intermediation 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.

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.

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 Unemployment Rate: % Change data was reported at -2.353 % in 2017. This records a decrease from the previous number of -0.247 % for 2016. China Unemployment Rate: % Change data is updated yearly, averaging 0.000 % from Dec 1986 (Median) to 2017, with 32 observations. The data reached an all-time high of 30.000 % in 1989 and a record low of -8.000 % in 1991. China Unemployment Rate: % Change data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s China – Table CN.IMF.IFS: Labour Force, Employment and Unemployment: Annual.

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.

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.