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.

GDP from Manufacturing in China decreased to 98344.50 CNY Hundred Million in the first quarter of 2025 from 405442.10 CNY Hundred Million in the fourth quarter of 2024. This dataset provides - China Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 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.

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.

China GDP: % of Manufacturing: Medium and High Tech Industry data was reported at 41.451 % in 2019. This stayed constant from the previous number of 41.451 % for 2018. China GDP: % of Manufacturing: Medium and High Tech Industry data is updated yearly, averaging 41.451 % from Dec 1990 (Median) to 2019, with 30 observations. The data reached an all-time high of 43.881 % in 2002 and a record low of 35.226 % in 1993. China GDP: % of Manufacturing: Medium and High Tech Industry 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: Share of GDP. The proportion of medium and high-tech industry value added in total value added of manufacturing; ; United Nations Industrial Development Organization (UNIDO), Competitive Industrial Performance (CIP) database; ;

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: SI: Industry: Manufacturing data was reported at 8,211.440 RMB bn in Mar 2025. This records a decrease from the previous number of 8,982.494 RMB bn for Dec 2024. China GDP: SI: Industry: Manufacturing data is updated quarterly, averaging 6,795.470 RMB bn from Mar 2015 (Median) to Mar 2025, with 41 observations. The data reached an all-time high of 8,982.494 RMB bn in Dec 2024 and a record low of 4,506.660 RMB bn in Mar 2015. China GDP: SI: Industry: Manufacturing 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.

Manufacturing, value added (% of GDP) in China was reported at 26.18 % in 2023, 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 June of 2025.

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.

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.

China manufacturing output for 2023 was 4.659 trillion US dollars, a 3.74% decline from 2022.

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

<li>China manufacturing output for 2022 was <strong>4.840 trillion US dollars</strong>, a <strong>1.41% decline</strong> from 2021.</li>
<li>China manufacturing output for 2021 was <strong>4.909 trillion US dollars</strong>, a <strong>27.15% increase</strong> from 2020.</li>
<li>China manufacturing output for 2020 was <strong>3.861 trillion US dollars</strong>, a <strong>0.97% increase</strong> from 2019.</li>
</ul>Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.

GDP from Services in China decreased to 195142.30 CNY Hundred Million in the first quarter of 2025 from 765582.50 CNY Hundred Million in the fourth quarter of 2024. This dataset provides - China Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

China GDP: SI: Industry: Mining data was reported at 3,456.614 RMB bn in 2021. This records an increase from the previous number of 2,201.154 RMB bn for 2020. China GDP: SI: Industry: Mining data is updated yearly, averaging 2,112.619 RMB bn from Dec 2004 (Median) to 2021, with 18 observations. The data reached an all-time high of 3,456.614 RMB bn in 2021 and a record low of 762.826 RMB bn in 2004. China GDP: SI: Industry: Mining 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.

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.

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

The graph shows China's share in global gross domestic product adjusted for purchasing-power-parity until 2024, with a forecast until 2030. In 2024, China's share was about 19.45 percent. China's global GDP share Due to the introduction of capitalist market principles in 1978, China's economic market began to show immense change and growth. China's real GDP growth ranged at 5.0 percent in 2024. China's per capita GDP is also expected to continue to grow, reaching 13,300 U.S. dollars in 2024. Comparatively, Luxembourg and Switzerland have some of the world’s largest GDP per capita with 141,100 U.S. dollars and 111,700 U.S. dollars, respectively, expected for 2025.China is the largest exporter and second largest importer of goods in the world and is also among the largest manufacturing economies. The country also ranges among the world's largest agricultural producers and consumers. It relies heavily on intensive agricultural practices and is the world's largest producer of pigs, chickens, and eggs. Livestock production has been heavily emphasized since the mid-1970s. China’s chemical industry has also seen growth with a heavy focus on fertilizers, plastics, and synthetic fibers. China's use of chemical fertilizers amounted to approximately 50.2 million metric tons in 2023. GDP composition in China Industry and construction account for less than 40 percent of China's GDP. Some of the major industries include mining and ore processing, food processing, coal, machinery, textiles and apparel, and consumer products. Almost half of China's output is dedicated to investment purposes. However, as the country tends to support gross output, innovation, technological advancement, and even quality are often lacking.

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.

Industry (including construction), value added (% of GDP) in China was reported at 38.28 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Industry, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

China: Value added in the agricultural sector as percent of GDP: The latest value from 2023 is 7.12 percent, a decline from 7.32 percent in 2022. In comparison, the world average is 9.91 percent, based on data from 166 countries. Historically, the average for China from 1960 to 2023 is 22.03 percent. The minimum value, 7.04 percent, was reached in 2018 while the maximum of 41.64 percent was recorded in 1968.