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 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 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. 

Graph and download economic data for Balance of Payments: Total Net Current Account for China, P.R.: Mainland (CHNBCAGDPBP6PT) from 1997 to 2029 about current account, BOP, China, and Net.

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.

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.

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

• 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

Vale SA faces financial challenges as Chinese economic issues lead to falling iron ore prices, prompting a strategic pivot in its operations.

China: Trade openness: exports plus imports as percent of GDP: The latest value from 2024 is 37.2 percent, an increase from 36.11 percent in 2023. In comparison, the world average is 92.80 percent, based on data from 133 countries. Historically, the average for China from 1960 to 2024 is 27.87 percent. The minimum value, 4.83 percent, was reached in 1970 while the maximum of 63.57 percent was recorded in 2006.

Consumer Confidence in China increased to 89.60 points in September from 89.20 points in August of 2025. This dataset provides - China Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The novel coronavirus spread in China long before other countries, making China a potential early signal of the virus’s economic effects. Using a range of statistical models, we estimate that the coronavirus outbreak may have reduced China’s real GDP by an annualized rate of 32 percent, leading year-over-year growth to decline from 6 percent in 2019:Q4 to −3.8 percent in 2020:Q1.

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.

China IVI: YoY: SITC3: Telecommunications Equipment, N.E.S., and Parts, N.E.S., and Accessories of Apparatus Falling Within Division 76 data was reported at 85.100 Prev Year=100 in Mar 2025. This records a decrease from the previous number of 125.300 Prev Year=100 for Feb 2025. China IVI: YoY: SITC3: Telecommunications Equipment, N.E.S., and Parts, N.E.S., and Accessories of Apparatus Falling Within Division 76 data is updated monthly, averaging 97.378 Prev Year=100 from Jan 2018 (Median) to Mar 2025, with 86 observations. The data reached an all-time high of 146.486 Prev Year=100 in Jan 2018 and a record low of 57.100 Prev Year=100 in Nov 2022. China IVI: YoY: SITC3: Telecommunications Equipment, N.E.S., and Parts, N.E.S., and Accessories of Apparatus Falling Within Division 76 data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JE: Trade Value Index: YoY: SITC3 Classification.

China EVI: YoY: SITC3: Telecommunications Equipment, N.E.S., and Parts, N.E.S., and Accessories of Apparatus Falling Within Division 76 data was reported at 110.300 Prev Year=100 in Feb 2025. This records an increase from the previous number of 97.700 Prev Year=100 for Jan 2025. China EVI: YoY: SITC3: Telecommunications Equipment, N.E.S., and Parts, N.E.S., and Accessories of Apparatus Falling Within Division 76 data is updated monthly, averaging 101.975 Prev Year=100 from Jan 2018 (Median) to Feb 2025, with 85 observations. The data reached an all-time high of 162.400 Prev Year=100 in Feb 2021 and a record low of 80.076 Prev Year=100 in Feb 2019. China EVI: YoY: SITC3: Telecommunications Equipment, N.E.S., and Parts, N.E.S., and Accessories of Apparatus Falling Within Division 76 data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JE: Trade Value Index: YoY: SITC3 Classification.

Plummeting commodity prices, China’s economic malaise, and global financial market turbulence have recently wreaked havoc on African economies. This paper investigates whether, and to what extent, these intertwined shocks spillover into the Tanzanian economy. The author finds that a 1 percentage point (ppts) drop in China’s investment growth is associated with a decline in Tanzania’s export growth of roughly 0.60 ppts. A 1 percent fall in commodity prices leads to 0.65 percent lower exports value. The results suggest that a hard landing of the Chinese economy to its ‘new normal’ would doubtless send shock waves through the Tanzanian economy by further driving down commodity demand and prices as well as lowering development finance. In contrast, financial market volatility has a fairly negligible impact on economic growth. The main results stand up well to a wide-array of robustness checks.

ABSTRACT This paper reports homogenous series of the rate of surplus value for the Chinese economy over the period 1956-2015 with a Marxian approach. It finds that the rate of surplus value reached the historical peak of the whole period in 2008 and that the high profitability in the decade before the 2008 crisis had relied on the continuous growth in the rate of surplus value. It provides a time series analysis to show that the rising wage pressure and value composition of capitalhas restrained profitability since 2008. Thus, this paper interprets the so-called “new normal” of the Chinese economy as a stage of declining profitability that results mainly from the stagnant rate of surplus value and the rising value composition of capital.

This study investigates the spatio-temporal evolution of agricultural carbon emission efficiency (ACEE) in China and its relationship with agricultural economic growth (AEG). The results indicate several findings: Firstly, between 2012 and 2021, China’s agricultural carbon emission efficiency exhibited an upward trend, with the mean value increased from 0.349 to 0.807. Furthermore, the distribution pattern shifted from a dispersed, point-like distribution to an aggregated and continuous distribution. Secondly, the average agricultural carbon emission efficiency in China following a decreasing order: South China, Northwest China, Southwest China, East China, North China, Central China and Northeast China. Thirdly, the relationship between agricultural carbon emission efficiency and the agricultural economy in China has transitioned from weak decoupling to negative decoupling. Based on these findings, this study proposes some recommendations to enhance agricultural carbon emission efficiency and promote its decoupling from agricultural economic growth. These recommendations aim to achieve low-carbon and high-efficiency development of agriculture.

In 2023, final consumption of the economy in China accounted for about 55.7 percent of the gross domestic product (GDP). The share of final consumption in the total GDP of China is expected to increase gradually in the upcoming years. Level of consumption in China Final consumption refers to the part of the GDP that is consumed, in contrast to what is invested or exported. In matured economies, final consumption often accounts for 70 or more percent of the total GDP. In developing countries, however, a significantly larger share may be spent on investments in infrastructure, real estate, and industrial capacities.Since its economic opening up, China was among the countries with the highest ratio of spending on investment and the lowest on consumption. Especially since 2000, China spent increasing amounts of money on infrastructure and housing, while the share spent on consumption dropped to an all-time low. This was not only related to China’s rapid economic ascendence, but also to a large working-age population and a low dependency ratio. Recent developments and outlook As the rate of returns on investment has dropped gradually since the global financial crisis in 2008, China is trying to shift to a more consumption-driven growth model. Accordingly, the share of final consumption has increased since 2010. Although this trend was interrupted by the coronavirus pandemic, it will most probably continue in the future. Lower demand for new infrastructure and housing, as well as an aging population, are the main drivers of this development.

China IVI: MoM: SITC3: Telecommunications Equipment, N.E.S., and Parts, N.E.S., and Accessories of Apparatus Falling Within Division 76 data was reported at 84.800 Average 12 Mths PY=100 in Mar 2025. This records an increase from the previous number of 80.900 Average 12 Mths PY=100 for Feb 2025. China IVI: MoM: SITC3: Telecommunications Equipment, N.E.S., and Parts, N.E.S., and Accessories of Apparatus Falling Within Division 76 data is updated monthly, averaging 92.198 Average 12 Mths PY=100 from Jan 2018 (Median) to Mar 2025, with 86 observations. The data reached an all-time high of 168.700 Average 12 Mths PY=100 in Mar 2020 and a record low of 47.000 Average 12 Mths PY=100 in Feb 2022. China IVI: MoM: SITC3: Telecommunications Equipment, N.E.S., and Parts, N.E.S., and Accessories of Apparatus Falling Within Division 76 data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JE: Trade Value Index: MoM: SITC3 Classification.

The ocean economic input-output (IO) tables are essential databases for analyzing the ocean economy. However, the IO tables issued by Chinese government's statistical department adopt the conventional economic sector classifications, which fall short in capturing the heterogeneity of the ocean and land sectors. To fill this gap, we used the stripping coefficient method to construct the ocean economic IO tables of 11 coastal provinces in China, relying on the latest official provincial IO tables in 2017 and ocean economy data published by official institutions. The provincial ocean economic IO tables, which reflect the interconnectedness among 13 ocean sectors and 42 land sectors, could be widely used to support the ocean policy evaluation at the provincial level. To clarify the interlinkage between Chinese ocean economies and foreign economies, we further differentiated the Chinese ocean sectors from a global multi-regional input-output table that contains Chinese provinces. This dataset could be used to evaluate the development of ocean economy in China from a global perspective.