According to preliminary data, the agricultural sector contributed around 6.8 percent to the gross domestic product (GDP) of China in 2024, whereas 36.5 percent of the economic value added originated from the industrial sector and 54.6 percent from the service sector, respectively. The total GDP of China at current prices amounted to approximately 134.91 trillion yuan in 2024. Economic development in China The gross domestic product (GDP) serves as a primary indicator to measure the economic performance of a country or a region. It is generally defined as the monetary value of all finished goods and services produced within a country in a specific period of time. It includes all of private and public spending, government spending, investments, and net exports which are calculated as total exports minus imports. In other words, GDP represents the size of the economy.With its national economy growing at an exceptional annual growth rate of above nine percent for three decades in succession, China had become the worlds’ second largest economy by 2010, surpassing all other economies but the United States. Even though China's GDP growth has cooled down in recent years, its economy still expanded at roughly two times the pace of the United States in 2024. Breakdown of GDP in China When compared to other developed countries, the proportions of agriculture and industry in China's GDP are significantly higher. Even though agriculture is a major industry in the United States, it only accounted for about one percent of the economy in 2023. While the service sector contributed to more than 70 percent of the economy in most developed countries, it's share was considerably lower in China. This was not only due to China's lower development level, but also to the country’s focus on manufacturing and export. However, as the future limitations of this growth model become more and more apparent, China is trying to shift it's economic focus to the high-tech and service sectors. Accordingly, growth rates of the service sector have been considerably higher than in industry and agriculture in the years before the spread of the coronavirus pandemic.

In 2024, the industrial sector generated around **** percent of China's GDP. It was by far the largest contributor, followed by the wholesale and retail industry that was responsible for **** percent and the financial sector that produced *** percent of the country's economic output. Since China is the second-largest economy in the world, the industrial sector’s output alone exceeded the entire economy of Germany. China’s export and investment-driven economy China economic development of the early 2000s was mainly driven by investments and exports. A country's gross domestic product (GDP) consists of three parts: Consumption, investments, and net exports. Typically, emerging economies rely mainly on investments and exports for growing their economy and China was no exception. By the end of the 2010s, investments fueled more than 40 percent of China's GDP and exports were responsible for almost another 20 percent. In comparison to that, in most developed economies, investments make up only 20 percent of the economic output. Instead, the main economic driver is consumption. The economic structure in China created a huge industrial sector. For instance, China was the biggest steel exporter, the leading merchandise exporter, and exported more than a third of global household goods. Great push towards transformation In early 2018, the Chinese government proclaimed that the country's economy had reached a new development stage where consumption and services replaced investment and manufacturing as the main driver of economic growth. The fear of the middle-income trap and changing demographics were the main reasons for Beijing's emphasis on economic transformation. Although incomes in China had not stagnated, policymakers attempted to preempt “getting stuck” by steering the economy towards high-quality growth and consumption-focus. Furthermore, a society that was older and had a higher share of middle-class population had different requirements to the economy. In the case of a successful transformation, China's economy would become more similar to those of developed nations. For instance, the financial sector was the largest contributor to the United States economy. In the case of Germany, the service sector generates the largest share of gross domestic product.

In the first 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. IT services displayed the highest sectoral growth reaching **** percent compared to *** percent in the real estate sector.

GDP from Construction in China decreased to 14429.90 CNY Hundred Million in the first quarter of 2025 from 89949.30 CNY Hundred Million in the fourth quarter of 2024. This dataset provides - China Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

China GDP Composition by Sector, 2016 Discover more data with ReportLinker!

CN: GDP: Value Added data was reported at 99,356,033.560 RMB mn in 2022. This records an increase from the previous number of 93,689,271.010 RMB mn for 2021. CN: GDP: Value Added data is updated yearly, averaging 10,140,386.875 RMB mn from Dec 1981 (Median) to 2022, with 42 observations. The data reached an all-time high of 99,356,033.560 RMB mn in 2022 and a record low of 460,111.001 RMB mn in 1981. CN: GDP: Value Added 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.MSTI: Gross Domestic Product, GDP PPP and GDP Deflator: Non OECD Member: Annual.

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.

China GDP: Primary Industry data was reported at 1,171.280 RMB bn in Mar 2025. This records a decrease from the previous number of 3,405.027 RMB bn for Dec 2024. China GDP: Primary Industry data is updated quarterly, averaging 693.770 RMB bn from Mar 1992 (Median) to Mar 2025, with 133 observations. The data reached an all-time high of 3,405.027 RMB bn in Dec 2024 and a record low of 64.930 RMB bn in Mar 1992. China GDP: Primary Industry 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: Secondary Industry(SI) data was reported at 11,190.290 RMB bn in Mar 2025. This records a decrease from the previous number of 13,559.512 RMB bn for Dec 2024. China GDP: Secondary Industry(SI) data is updated quarterly, averaging 3,824.840 RMB bn from Mar 1992 (Median) to Mar 2025, with 133 observations. The data reached an all-time high of 13,559.512 RMB bn in Dec 2024 and a record low of 240.080 RMB bn in Mar 1992. China GDP: Secondary Industry(SI) 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: Tertiary Industry(TI) data was reported at 19,514.230 RMB bn in Mar 2025. This records a decrease from the previous number of 20,408.077 RMB bn for Dec 2024. China GDP: Tertiary Industry(TI) data is updated quarterly, averaging 3,494.800 RMB bn from Mar 1992 (Median) to Mar 2025, with 133 observations. The data reached an all-time high of 20,408.077 RMB bn in Dec 2024 and a record low of 223.480 RMB bn in Mar 1992. China GDP: Tertiary Industry(TI) 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 Contribution to(GDP) Gross Domestic ProductGrowth: Tertiary Industry data was reported at 2.810 % in 2024. This records a decrease from the previous number of 3.500 % for 2023. China Contribution to(GDP) Gross Domestic ProductGrowth: Tertiary Industry data is updated yearly, averaging 3.800 % from Dec 1978 (Median) to 2024, with 47 observations. The data reached an all-time high of 6.700 % in 2007 and a record low of 0.800 % in 1990. China Contribution to(GDP) Gross Domestic ProductGrowth: Tertiary Industry 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: Contribution and Share to Growth.

GDP from Agriculture in China decreased to 11712.80 CNY Hundred Million in the first quarter of 2025 from 91413.90 CNY Hundred Million in the fourth quarter of 2024. This dataset provides - China Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP: Year to Date: Primary Industry: Sichuan data was reported at 561.990 RMB bn in Dec 2024. This records an increase from the previous number of 508.257 RMB bn for Sep 2024. GDP: Year to Date: Primary Industry: Sichuan data is updated quarterly, averaging 122.975 RMB bn from Dec 1992 (Median) to Dec 2024, with 105 observations. The data reached an all-time high of 605.660 RMB bn in Dec 2023 and a record low of 12.972 RMB bn in Mar 2000. GDP: Year to Date: Primary Industry: Sichuan 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: by Province: Quarterly.

China Contribution to(GDP) Gross Domestic ProductGrowth: Primary Industry data was reported at 0.260 % in 2024. This records a decrease from the previous number of 0.300 % for 2023. China Contribution to(GDP) Gross Domestic ProductGrowth: Primary Industry data is updated yearly, averaging 0.500 % from Dec 1978 (Median) to 2024, with 47 observations. The data reached an all-time high of 3.900 % in 1984 and a record low of -0.400 % in 1980. China Contribution to(GDP) Gross Domestic ProductGrowth: Primary Industry 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: Contribution and Share to Growth.

In 2023, the distribution of the gross domestic product (GDP) across economic sectors in different regions of China still revealed a heavy reliance on the primary and secondary sectors in most parts of the country. While the primary and secondary sectors accounted for only 0.2 and 14.9 percent, respectively, of the gross regional product of Beijing, they accounted for 11.1 and 47.5 percent, respectively, in Inner Mongolia.

CN: Gross Domestic Product: Current PPP data was reported at 34,643.710 USD bn in 2023. This records an increase from the previous number of 31,773.150 USD bn for 2022. CN: Gross Domestic Product: Current PPP data is updated yearly, averaging 4,522.776 USD bn from Dec 1981 (Median) to 2023, with 43 observations. The data reached an all-time high of 34,643.710 USD bn in 2023 and a record low of 350.540 USD bn in 1981. CN: Gross Domestic Product: Current PPP 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.MSTI: Gross Domestic Product, GDP PPP and GDP Deflator: Non OECD Member: Annual.

The national breakdown by source of funds does not fully match with the classification defined in the Frascati Manual. The R&D financed by the government, business enterprises, and by the rest of the world can be retrieved but part of the expenditure has no specific source of financing, i.e. self-raised funding (in particular for independent research institutions), the funds from the higher education sector and left-over government grants from previous years.

The government and higher education sectors cover all fields of NSE and SSH while the business enterprise sector only covers the fields of NSE. There are only few organisations in the private non-profit sector, hence no R&D survey has been carried out in this sector and the data are not available.

From 2009, researcher data are collected according to the Frascati Manual definition of researcher. Beforehand, this was only the case for independent research institutions, while for the other sectors data were collected according to the UNESCO concept of “scientist and engineer”.

In 2009, the survey coverage in the business and the government sectors has been expanded.

Before 2000, all of the personnel data and 95% of the expenditure data in the business enterprise sector are for large and medium-sized enterprises only. Since 2000 however, the survey covers almost all industries and all enterprises above a certain threshold. In 2000 and 2004, a census of all enterprises was held, while in the intermediate years data for small enterprises are estimated.

Due to the reform of the S&T system some government institutions have become enterprises, and their R&D data have been reflected in the Business Enterprise sector since 2000.

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.

China BERD: % of Value Added data was reported at 2.295 % in 2021. This records an increase from the previous number of 2.281 % for 2020. China BERD: % of Value Added data is updated yearly, averaging 1.125 % from Dec 1991 (Median) to 2021, with 31 observations. The data reached an all-time high of 2.295 % in 2021 and a record low of 0.268 % in 1996. China BERD: % of Value Added 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.MSTI: Business Enterprise Investment on Research and Development: Non OECD Member: Annual.

Definition of MSTI variables 'Value Added of Industry' and 'Industrial Employment':

R&D data are typically expressed as a percentage of GDP to allow cross-country comparisons. When compiling such indicators for the business enterprise sector, one may wish to exclude, from GDP measures, economic activities for which the Business R&D (BERD) is null or negligible by definition. By doing so, the adjusted denominator (GDP, or Value Added, excluding non-relevant industries) better correspond to the numerator (BERD) with which it is compared to.

The MSTI variable 'Value added in industry' is used to this end:

It is calculated as the total Gross Value Added (GVA) excluding 'real estate activities' (ISIC rev.4 68) where the 'imputed rent of owner-occupied dwellings', specific to the framework of the System of National Accounts, represents a significant share of total GVA and has no R&D counterpart. Moreover, the R&D performed by the community, social and personal services is mainly driven by R&D performers other than businesses.

Consequently, the following service industries are also excluded: ISIC rev.4 84 to 88 and 97 to 98. GVA data are presented at basic prices except for the People's Republic of China, Japan and New Zealand (expressed at producers' prices).In the same way, some indicators on R&D personnel in the business sector are expressed as a percentage of industrial employment. The latter corresponds to total employment excluding ISIC rev.4 68, 84 to 88 and 97 to 98.

China Contribution to(GDP) Gross Domestic ProductGrowth: Secondary Industry data was reported at 1.930 % in 2024. This records an increase from the previous number of 1.600 % for 2023. China Contribution to(GDP) Gross Domestic ProductGrowth: Secondary Industry data is updated yearly, averaging 4.700 % from Dec 1978 (Median) to 2024, with 47 observations. The data reached an all-time high of 9.000 % in 1992 and a record low of 0.800 % in 2022. China Contribution to(GDP) Gross Domestic ProductGrowth: Secondary Industry 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: Contribution and Share to Growth.

China GDP: SI: Industry: Manufacturing data was reported at 26,482.040 RMB bn in 2018. This records an increase from the previous number of 24,050.540 RMB bn for 2017. China GDP: SI: Industry: Manufacturing data is updated yearly, averaging 15,645.700 RMB bn from Dec 2004 (Median) to 2018, with 15 observations. The data reached an all-time high of 26,482.040 RMB bn in 2018 and a record low of 5,174.850 RMB bn in 2004. China GDP: SI: Industry: Manufacturing 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.