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.

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 3.1 percent in 2022 and 5.4 percent in 2023. 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.

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 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.

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.

China gdp growth rate for 2023 was 5.20%, a 2.21% increase from 2022.

<ul style='margin-top:20px;'>

<li>China gdp growth rate for 2022 was <strong>2.99%</strong>, a <strong>5.46% decline</strong> from 2021.</li>
<li>China gdp growth rate for 2021 was <strong>8.45%</strong>, a <strong>6.21% increase</strong> from 2020.</li>
<li>China gdp growth rate for 2020 was <strong>2.24%</strong>, a <strong>3.71% decline</strong> from 2019.</li>
</ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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.

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.

Historical chart and dataset showing China GDP by year from 1960 to 2023.

China: GDP per capita, Purchasing Power Parity: The latest value from 2023 is 22138 U.S. dollars, an increase from 21012 U.S. dollars in 2022. In comparison, the world average is 26826 U.S. dollars, based on data from 183 countries. Historically, the average for China from 1990 to 2023 is 9224 U.S. dollars. The minimum value, 1646 U.S. dollars, was reached in 1990 while the maximum of 22138 U.S. dollars was recorded in 2023.

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.

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.

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.

Graph and download economic data for Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for China (PGD2U2CNA621NUPN) from 1952 to 2010 about PPP, China, per capita, and GDP.

China GDP: PPP: 2017 Price data was reported at 25,684,414.532 Intl $ mn in 2022. This records an increase from the previous number of 24,938,967.814 Intl $ mn for 2021. China GDP: PPP: 2017 Price data is updated yearly, averaging 7,839,613.420 Intl $ mn from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 25,684,414.532 Intl $ mn in 2022 and a record low of 1,616,385.776 Intl $ mn in 1990. China GDP: PPP: 2017 Price 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: Purchasing Power Parity. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the country 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. Data are in constant 2017 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;

China GDP: Volume: PPP data was reported at 35,800.563 USD bn in 2026. This records an increase from the previous number of 34,279.776 USD bn for 2025. China GDP: Volume: PPP data is updated yearly, averaging 12,414.678 USD bn from Dec 1992 (Median) to 2026, with 35 observations. The data reached an all-time high of 35,800.563 USD bn in 2026 and a record low of 2,331.366 USD bn in 1992. China GDP: Volume: 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.EO: GDP by Expenditure: Volume: Forecast: Non OECD Member: Annual. GDPVD - Gross domestic product, volume at constant purchasing power parities2015 PPP

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.