Between 2005 and 2020, the GDP of China grew from 2.3 trillion to 14.9 trillion U.S. dollars. During the same time period the GDP of the United States grew from 13 trillion to 20.8 trillion dollars. It is estimated that, by 2030, China will overtake the U.S. as the world's largest economy, with a GDP of 33.7 trillion dollars, compared to 30.5 trillion dollars; this margin of more than three trillion is predicted to increase to almost 13 trillion over the subsequent five year period.

In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Russia's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.

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.

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.

Related information about China GDP Per Capita data

• 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.

China: Gross Domestic Product, billions of U.S. dollars: The latest value from 2024 is 18743.8 billion U.S. dollars, an increase from 18270.36 billion U.S. dollars in 2023. In comparison, the world average is 612.35 billion U.S. dollars, based on data from 176 countries. Historically, the average for China from 1960 to 2024 is 3590.13 billion U.S. dollars. The minimum value, 47.31 billion U.S. dollars, was reached in 1962 while the maximum of 18743.8 billion U.S. dollars was recorded in 2024.

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 Nominal GDP

• China Nominal GDP reached 4,166.8 USD bn in Mar 2023, compared with 4,715.9 USD bn in the previous quarter.
• Nominal GDP in China is updated quarterly, available from Mar 1992 to Mar 2023, with an average number of 919.5 USD bn.
• The data reached an all-time high of 5,098.7 USD bn in Dec 2021 and a record low of 96.1 USD bn in Mar 1992.

CEIC converts quarterly Nominal GDP into USD. The National Bureau of Statistics provides year-to-date Nominal GDP in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.


Related information about China Nominal GDP

• In the latest reports, China GDP expanded 4.5 % YoY in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 0.4 % in Mar 2023.
• China GDP Per Capita reached 12,732.5 USD in Dec 2022.
• Its Gross Savings Rate was measured at 45.9 % in Dec 2021.
• For Nominal GDP contributions, Investment accounted for 43.3 % in Dec 2021.
• Public Consumption accounted for 15.9 % in Dec 2021.
• Private Consumption accounted for 38.2 % in Dec 2021.

The Gross Domestic Product (GDP) in China expanded 5.20 percent in the second 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.

Key information about Hong Kong SAR (China) GDP Per Capita

• Hong Kong SAR (China) Gross Domestic Product (GDP) per Capita reached 49,146.654 USD in Dec 2022, compared with 49,771.373 USD in Dec 2021.
• Hong Kong SAR (China) GDP Per Capita data is updated yearly, available from Dec 1961 to Dec 2022, with an average number of 16,721.466 USD.
• The data reached an all-time high of 49,771.373 USD in Dec 2021 and a record low of 411.774 in Dec 1961.
• CEIC converts annual GDP per Capita into USD. Census and Statistics Department provides GDP per Capita in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

Related information about Hong Kong SAR (China) GDP Per Capita data

• In the latest reports, Hong Kong SAR (China) GDP contracted 4.162 % YoY in Dec 2022.
• Hong Kong SAR (China) Nominal GDP reached 94.470 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 2.277 % in Dec 2022.
• Gross Savings Rate of Hong Kong SAR (China) was measured at 27.690 % in Sep 2022.

The Gross Domestic Product per capita in China was last recorded at 23845.62 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in China, when adjusted by Purchasing Power Parity is equivalent to 134 percent of the world's average. This dataset provides - China GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The graph shows per capita gross domestic product (GDP) in China until 2024, with forecasts until 2030. In 2024, per capita GDP reached around 13,300 U.S. dollars in China. That year, the overall GDP of China had amounted to 18.7 trillion U.S. dollars. Per capita GDP in China Gross domestic product is a commonly-used economic indicator for measuring the state of a country's economy. GDP is the total market value of goods and services produced in a country within a given period of time, usually a year. Per capita GDP is defined as the GDP divided by the total number of people in the country. This indicator is generally used to compare the economic prosperity of countries with varying population sizes.In 2010, China overtook Japan and became the world’s second-largest economy. As of 2024, it was the largest exporter and the second largest importer in the world. However, one reason behind its economic strength lies within its population size. China has to distribute its wealth among 1.4 billion people. By 2023, China's per capita GDP was only about one fourth as large as that of main industrialized countries. When compared to other emerging markets, China ranked second among BRIC countries in terms of GDP per capita. Future development According to projections by the IMF, per capita GDP in China will escalate from around 13,300 U.S. dollars in 2024 to 18,600 U.S. dollars in 2030. Major reasons for this are comparatively high economic growth rates combined with negative population growth. China's economic structure is also undergoing changes. A major trend lies in the shift from an industry-based to a service-based economy.

China: Gross Domestic Product, billions of 2015 U.S. dollars: The latest value from 2024 is 18488.1 billion U.S. dollars, an increase from 17611.5 billion U.S. dollars in 2023. In comparison, the world average is 528.3 billion U.S. dollars, based on data from 177 countries. Historically, the average for China from 1960 to 2024 is 4139.1 billion U.S. dollars. The minimum value, 110.6 billion U.S. dollars, was reached in 1962 while the maximum of 18488.1 billion U.S. dollars was recorded in 2024.

Key information about Hong Kong SAR (China) Nominal GDP

• Hong Kong SAR (China) Nominal GDP reached 94.5 USD bn in Dec 2022, compared with 92.3 USD bn in the previous quarter.
• Nominal GDP in Hong Kong SAR (China) is updated quarterly, available from Mar 1973 to Dec 2022, with an average number of 40.5 USD bn.
• The data reached an all-time high of 96.7 USD bn in Dec 2021 and a record low of 1.8 USD bn in Mar 1973.

CEIC converts quarterly Nominal GDP into USD. Census and Statistics Department provides Nominal GDP in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.


Related information about Hong Kong SAR (China) Nominal GDP

• In the latest reports, Hong Kong SAR (China) GDP contracted 4.2 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 2.3 % in Dec 2022.
• Hong Kong SAR (China) GDP Per Capita reached 49,146.7 USD in Dec 2022.
• Its Gross Savings Rate was measured at 27.7 % in Sep 2022.
• For Nominal GDP contributions, Investment accounted for 12.4 % in Dec 2022.
• Public Consumption accounted for 13.7 % in Dec 2022.
• Private Consumption accounted for 69.6 % in Dec 2022.

China: GDP per capita, Purchasing Power Parity: The latest value from 2024 is 23846 U.S. dollars, an increase from 22687 U.S. dollars in 2023. In comparison, the world average is 27291 U.S. dollars, based on data from 177 countries. Historically, the average for China from 1990 to 2024 is 9822 U.S. dollars. The minimum value, 1667 U.S. dollars, was reached in 1990 while the maximum of 23846 U.S. dollars was recorded in 2024.

Key information about China Private Consumption: % of GDP

• China Private Consumption accounted for 39.6 % of its Nominal GDP in Dec 2023, compared with a ratio of 37.8 % in the previous year.
• China Private Consumption contribution to Nominal GDP ratio is updated yearly, available from Dec 1952 to Dec 2023, with an average share of 49.3 %.
• The data reached an all-time high of 70.8 % in Dec 1962 and a record low of 34.9 % in Dec 2010.

CEIC calculates Private Consumption as % of Nominal GDP from annual Private Consumption Expenditure and annual Nominal GDP. The National Bureau of Statistics provides Private Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about China Private Consumption: % of GDP

• In the latest reports, China GDP expanded 4.5 % YoY in Mar 2023.
• Its Nominal GDP reached 4,166.8 USD bn in Mar 2023.
• China GDP Per Capita reached 12,621.7 USD in Dec 2023.
• Its Gross Savings Rate was measured at 44.3 % in Dec 2023.

China: Exports of goods and services as percent of GDP: The latest value from 2024 is 20.02 percent, an increase from 19.1 percent in 2023. In comparison, the world average is 44.58 percent, based on data from 134 countries. Historically, the average for China from 1960 to 2024 is 14.7 percent. The minimum value, 2.45 percent, was reached in 1970 while the maximum of 35.53 percent was recorded in 2006.

Key information about China Investment: % of GDP

• China Investment accounted for 41.1 % of its Nominal GDP in Dec 2023, compared with a ratio of 42.4 % in the previous year.
• China investment share of Nominal GDP data is updated yearly, available from Dec 1952 to Dec 2023, with an average ratio of 36.1 %.
• The data reached an all-time high of 46.6 % in Dec 2011 and a record low of 15.4 % in Dec 1962.

CEIC calculates Investment as % of Nominal GDP from annual Nominal Gross Capital Formation and annual Nominal GDP. The National Bureau of Statistics provides Nominal Gross Capital Formation in local currency and Nominal GDP in local currency.


Related information about China Investment: % of GDP

• In the latest reports, China GDP expanded 4.5 % YoY in Mar 2023.
• China Nominal GDP reached 4,166.8 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 0.4 % in Mar 2023.
• China GDP Per Capita reached 12,621.7 USD in Dec 2023.
• Its Gross Savings Rate was measured at 44.3 % in Dec 2023.

GDP (current US$) in China was reported at 18743803170827 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

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.

GDP: per Capita: Guangdong: Shenzhen data was reported at 195,230.173 RMB in 2023. This records an increase from the previous number of 183,801.000 RMB for 2022. GDP: per Capita: Guangdong: Shenzhen data is updated yearly, averaging 35,390.000 RMB from Dec 1979 (Median) to 2023, with 45 observations. The data reached an all-time high of 195,230.173 RMB in 2023 and a record low of 606.000 RMB in 1979. GDP: per Capita: Guangdong: Shenzhen data remains active status in CEIC and is reported by Shenzhen Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AE: Gross Domestic Product: Prefecture Level City: per Capita.