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.

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.

China GDP: Growth: Volume: Total Domestic Expenditure data was reported at 4.255 % in 2026. This records an increase from the previous number of 3.787 % for 2025. China GDP: Growth: Volume: Total Domestic Expenditure data is updated yearly, averaging 8.444 % from Dec 1993 (Median) to 2026, with 34 observations. The data reached an all-time high of 15.359 % in 1993 and a record low of 2.062 % in 2020. China GDP: Growth: Volume: Total Domestic Expenditure 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. TDDV_ANNPCT - Total domestic expenditure, volume, growth . Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

The Gross Domestic Product (GDP) in China was worth 17794.78 billion US dollars in 2023, according to official data from the World Bank. The GDP value of China represents 16.88 percent of the world economy. This dataset provides - China GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China GDP: Growth: Volume: Exports of Goods and Services data was reported at 5.482 % in 2026. This records a decrease from the previous number of 7.605 % for 2025. China GDP: Growth: Volume: Exports of Goods and Services data is updated yearly, averaging 10.127 % from Dec 1993 (Median) to 2026, with 34 observations. The data reached an all-time high of 30.356 % in 1994 and a record low of -10.023 % in 2009. China GDP: Growth: Volume: Exports of Goods and Services 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. XGSV_ANNPCT - Exports of goods and services, volume, growth (national accounts basis). Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

China GDP: Growth: Volume: Double Hit Scenario data was reported at 4.505 % in 2021. This records an increase from the previous number of -3.670 % for 2020. China GDP: Growth: Volume: Double Hit Scenario data is updated yearly, averaging 9.135 % from Dec 1993 (Median) to 2021, with 29 observations. The data reached an all-time high of 14.229 % in 2007 and a record low of -3.670 % in 2020. China GDP: Growth: Volume: 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. GDPV_ANNPCT - Gross domestic product, volume, growth Expenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

China Potential(GDP) Gross Domestic ProductGrowth: Volume data was reported at 4.539 % in 2025. This records a decrease from the previous number of 4.578 % for 2024. China Potential(GDP) Gross Domestic ProductGrowth: Volume data is updated yearly, averaging 9.556 % from Dec 1991 (Median) to 2025, with 35 observations. The data reached an all-time high of 12.953 % in 1991 and a record low of 4.539 % in 2025. China Potential(GDP) Gross Domestic ProductGrowth: Volume 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: Potential Output and Output Gap: Forecast: Non OECD Member: Annual. GDPVTR_ANNPCT - Potential output, volume, growth. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

China GDP: Growth: Volume: Imports of Goods and Services data was reported at 4.812 % in 2026. This records an increase from the previous number of 3.223 % for 2025. China GDP: Growth: Volume: Imports of Goods and Services data is updated yearly, averaging 9.099 % from Dec 1993 (Median) to 2026, with 34 observations. The data reached an all-time high of 34.157 % in 1993 and a record low of -6.573 % in 2022. China GDP: Growth: Volume: Imports of Goods and Services 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.

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.

Life insurance premium volume to GDP (%) in China was reported at 2.3605 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Life insurance premium volume to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2025.

China GDP: Growth: Volume: Single Hit Scenario data was reported at 6.789 % in 2021. This records an increase from the previous number of -2.632 % for 2020. China GDP: Growth: Volume: Single Hit Scenario data is updated yearly, averaging 9.135 % from Dec 1993 (Median) to 2021, with 29 observations. The data reached an all-time high of 14.229 % in 2007 and a record low of -2.632 % in 2020. China GDP: Growth: Volume: Single 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. GDPV_ANNPCT - Gross domestic product, volume, growth Expenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

China GDP: Growth: Volume data was reported at 4.436 % in 2026. This records a decrease from the previous number of 4.684 % for 2025. China GDP: Growth: Volume data is updated yearly, averaging 8.392 % from Dec 1993 (Median) to 2026, with 34 observations. The data reached an all-time high of 14.231 % in 2007 and a record low of 2.239 % in 2020. China GDP: Growth: Volume 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. GDPV_ANNPCT - Gross domestic product, volume, growth Expenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

China GDP: Growth: Volume: Imports of Goods and Services: Single Hit Scenario data was reported at 3.298 % in 2021. This records an increase from the previous number of -1.764 % for 2020. China GDP: Growth: Volume: Imports of Goods and Services: Single 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: Single 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.

China Ref. Year = 2015: GDP: Volume: Exports of Goods and Services data was reported at 26,965.475 RMB bn in 2026. This records an increase from the previous number of 25,564.152 RMB bn for 2025. China Ref. Year = 2015: GDP: Volume: Exports of Goods and Services data is updated yearly, averaging 9,913.557 RMB bn from Dec 1992 (Median) to 2026, with 35 observations. The data reached an all-time high of 26,965.475 RMB bn in 2026 and a record low of 663.051 RMB bn in 1992. China Ref. Year = 2015: GDP: Volume: Exports of Goods and Services 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. XGSV - Exports of goods and services, volume (national accounts basis)

China Ref. Year = 2015: GDP: Volume: Imports of Goods and Services: Single Hit Scenario data was reported at 15,400.000 RMB bn in 2021. This records an increase from the previous number of 14,900.000 RMB bn for 2020. China Ref. Year = 2015: GDP: Volume: Imports of Goods and Services: Single Hit Scenario data is updated yearly, averaging 5,955.000 RMB bn from Dec 1992 (Median) to 2021, with 30 observations. The data reached an all-time high of 15,400.000 RMB bn in 2021 and a record low of 478.000 RMB bn in 1992. China Ref. Year = 2015: GDP: Volume: Imports of Goods and Services: Single 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 by Expenditure: Volume: Forecast: Non OECD Member: Annual. MGSV - Imports of goods and services, volume (national accounts basis) System of national Accounts 2008:https://unstats.un.org/unsd/nationalaccount/docs/sna2008.pdf European system of accounts ESA2010:https://ec.europa.eu/eurostat/documents/3859598/5925693/KS-02-13-269-EN.PDF/44cd9d01-bc64-40e5-bd40-d17df0c69334 Understanding NATIONAL ACCOUNTS:https://www.oecd.org/sdd/UNA-2014.pdf

China Average Productive Capital Stocks: Over the Year: Growth data was reported at 6.342 % in 2025. This records a decrease from the previous number of 6.628 % for 2024. China Average Productive Capital Stocks: Over the Year: Growth data is updated yearly, averaging 10.527 % from Dec 1985 (Median) to 2025, with 41 observations. The data reached an all-time high of 13.240 % in 2010 and a record low of 6.342 % in 2025. China Average Productive Capital Stocks: Over the Year: Growth 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: Potential Output and Output Gap: Forecast: Non OECD Member: Annual. KTPV_AV_ANNPCT - Productive capital stock, volume, annual average, growth

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

China Ref. Year = 2015: GDP: Volume: Total Domestic Expenditure data was reported at 114,476.843 RMB bn in 2026. This records an increase from the previous number of 109,805.141 RMB bn for 2025. China Ref. Year = 2015: GDP: Volume: Total Domestic Expenditure data is updated yearly, averaging 40,651.158 RMB bn from Dec 1992 (Median) to 2026, with 35 observations. The data reached an all-time high of 114,476.843 RMB bn in 2026 and a record low of 7,799.911 RMB bn in 1992. China Ref. Year = 2015: GDP: Volume: Total Domestic Expenditure 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. TDDV - Total domestic expenditure, volume

China GDP: Volume: PPP: Single Hit Scenario data was reported at 23,900.000 USD bn in 2021. This records an increase from the previous number of 22,400.000 USD bn for 2020. China GDP: Volume: PPP: Single Hit Scenario data is updated yearly, averaging 8,590.000 USD bn from Dec 1992 (Median) to 2021, with 30 observations. The data reached an all-time high of 23,900.000 USD bn in 2021 and a record low of 2,060.000 USD bn in 1992. China GDP: Volume: PPP: Single 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 by Expenditure: Volume: Forecast: Non OECD Member: Annual. GDPVD - Gross domestic product, volume at constant purchasing power parities2015 PPP

CN: Ref. Year = 2015: GDP: Volume: Exports of Goods and Services: Single Hit Scenario data was reported at 18,200.000 RMB bn in 2021. This records an increase from the previous number of 17,100.000 RMB bn for 2020. CN: Ref. Year = 2015: GDP: Volume: Exports of Goods and Services: Single Hit Scenario data is updated yearly, averaging 8,215.000 RMB bn from Dec 1992 (Median) to 2021, with 30 observations. The data reached an all-time high of 18,200.000 RMB bn in 2021 and a record low of 663.000 RMB bn in 1992. CN: Ref. Year = 2015: GDP: Volume: Exports of Goods and Services: Single 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 by Expenditure: Volume: Forecast: Non OECD Member: Annual. XGSV - Exports of goods and services, volume (national accounts basis) Exports of goods and services:https://stats.oecd.org/glossary/detail.asp?ID=918 System of national Accounts 2008:https://unstats.un.org/unsd/nationalaccount/docs/sna2008.pdf European system of accounts ESA2010:https://ec.europa.eu/eurostat/documents/3859598/5925693/KS-02-13-269-EN.PDF/44cd9d01-bc64-40e5-bd40-d17df0c69334 Understanding NATIONAL ACCOUNTS:https://www.oecd.org/sdd/UNA-2014.pdf