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 1.10 percent in the second 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.

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.

The gross domestic product (GDP) growth rate of all major economies included except China was negative in 2020 following the COVID-19 pandemic. Growth rates were positive again in 2021, but stagnated in some countries in 2023 amid high inflation rates. What does GDP measure? GDP is the sum of all consumption, investment, government spending, and net exports in an economy. As such, different things drive the growth of each of these countries. Germany benefits from a high value of net exports, also known as its trade balance. Drawbacks of GDP growth as a metric GDP measures growth, but it does not capture welfare gains correctly in many cases. For example, carbon dioxide emissions often go hand in hand with a growing GDP. These emissions are from industry, such as coal power plants, or consumption, such as driving cars, but GDP does not measure the damage from these activities. Also, national debt is not incorporated into GDP.

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.

View quarterly updates and historical trends for China Real GDP YoY. Source: National Bureau of Statistics of China. Track economic data with YCharts anal…

China GDP: Growth: Volume: Imports of Goods and Services: Double Hit Scenario data was reported at 2.190 % in 2021. This records an increase from the previous number of -2.600 % for 2020. China GDP: Growth: Volume: Imports of Goods and Services: Double Hit Scenario data is updated yearly, averaging 11.784 % from Dec 1993 (Median) to 2021, with 29 observations. The data reached an all-time high of 34.157 % in 1993 and a record low of -3.014 % in 1998. China GDP: Growth: Volume: Imports of Goods and Services: 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. MGSV_ANNPCT - Imports of goods and services, volume, growth (national accounts basis). Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

As novel coronavirus COVID-19 spreads from China to over ** countries across the world, global economy could suffer a slowdown with no growth in the worst scenario. According to the projection, China's GDP growth would drop to *** percent when it turns into a global pandemic, which would be *** percent point less than the baseline of no virus outbreak.

GDP growth of China slumped by 8.08% from 5.4 % in 2023 to 5.0 % in 2024. Since the 266.21% surge in 2021, GDP growth sank by 41.92% in 2024. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 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.

Manufacturing, value added (% of GDP) in China was reported at 24.87 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Manufacturing, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

In 2024, the real growth rate of the gross domestic product (GDP) of Hubei province in China increased by *** percent compared to the previous year. Hubei province is located in Central China.

GDP from Services in China increased to 390313.80 CNY Hundred Million in the second quarter of 2025 from 195142.30 CNY Hundred Million in the first quarter of 2025. This dataset provides - China Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

China's digital economy has been growing rapidly in recent years. In 2023, the economy reached a size of nearly ** trillion yuan, registering a nominal year-on-year growth of **** percent, much higher than the country's nominal GDP growth at *** percent. The digital economy accounted for around ** percent of China's GDP.

Annual percentage growth rate of GDP at market prices based on constant 2010 US Dollars. in China was reported at 3.9 % in 2027, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Annual percentage growth rate of GDP at market prices based on constant 2010 US Dollars. - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

In 2024, the real growth rate of the gross domestic product (GDP) of Hainan province in China increased by *** percent compared to the previous year. Hainan province is located in Southern China.

Inflation, GDP deflator (annual %) in China was reported at --0.7072 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Inflation, GDP deflator (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Forecast: Real Estate Contribution to GDP in China 2023 - 2027 Discover more data with ReportLinker!

Forecast: Contribution to GDP of Agriculture, Hunting, Forestry, Fishing in China 2024 - 2028 Discover more data with ReportLinker!

China Central Government: % of GDP: Net Lending data was reported at -3.032 % in 2026. This records an increase from the previous number of -3.252 % for 2025. China Central Government: % of GDP: Net Lending data is updated yearly, averaging -2.810 % from Dec 2009 (Median) to 2026, with 18 observations. The data reached an all-time high of -1.485 % in 2012 and a record low of -3.748 % in 2020. China Central Government: % of GDP: Net Lending 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: Government Accounts: % of GDP: Forecast: Non OECD Member: Annual. NLGCQ - Central government net lending, as a percentage of GDP

This statistic depicts the year-on-year growth rate of the gross domestic product of Xinjiang Uygur Autonomous Region in China from 2000 to 2024. In 2024, Xinjiang's GDP value grew by *** percent from the previous year.