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 (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.

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 2024, the nominal gross domestic product (GDP) of the Chinese capital, Beijing, amounted to approximately **** trillion yuan, compared to about **** trillion yuan in the previous year. Beijing municipality is located in northern China, together with Tianjin and Hebei province it forms the Jing-Jin-Ji Metropolitan Region, which is the most important economic zone in northern China. GDP development in Beijing After the initiation of the reform era in 1978, Beijing experienced an unprecedented phase of economic growth. GDP growth rates displayed double digits for most of this period, especially in the years between 1992 and 2008. Beijing’s growth rates closely resembled national Chinese figures but were slightly higher on average. Interrupted by the global financial crises in 2008, economic development slowed down in the years following. Per capita GDP in Beijing displayed a similar development, and per capita disposable income crossed the 10,000 U.S. dollar threshold in 2020. This was one of the highest values for disposable income among municipalities and provinces in China. Real growth rates of per capita disposable income were slightly lower than GDP growth, but still indicated a robust improvement of people’s income in recent years. GDP sector distribution As the capital city of China, Beijing’s economy has always been comparatively service oriented. The share of the service sector in terms of GDP reached more than ** percent in 2024, which was the highest value of all cities in China. The relocation of parts of the manufacturing industries to neighboring districts in order to improve air quality and the congestion level of the city’s infrastructure is further contributing to this development. Economic sectors that are of great importance to the city and were promoted by the municipal government in recent years are financial intermediation, IT services and scientific research and development.

Key information about China Government Debt: % of GDP

• China Government debt accounted for 25.6 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 25.1 % in the previous quarter.
• China government debt to GDP ratio data is updated quarterly, available from Mar 2014 to Dec 2024.
• The data reached an all-time high of 25.6 % in Dec 2024 and a record low of 14.0 % in Mar 2014.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. The Ministry of Finance provides Government Debt in local currency. The National Bureau of Statistics provides Nominal GDP in local currency. Government Debt covers Central Government only.


Related information about China Government Debt: % of GDP

• In the latest reports, China National Government Debt reached 4,230.0 USD bn in Dec 2023.
• The country's Nominal GDP reached 4,166.8 USD bn in Mar 2023.

China recorded a Government Debt to GDP of 88.30 percent of the country's Gross Domestic Product in 2024. This dataset provides - China Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2022, Shanghai had the highest gross domestic product (GDP) of all provincial capitals and municipalities in China, approximately *** trillion yuan. Beijing followed second with around *** trillion yuan. The GDP of Lhasa, capital city of Tibet, only amounted to around **** billion yuan in 2022.

China's share of imports in gross domestic product (GDP) was about **** percent in 2024. The total gross domestic product amounted to approximately *** trillion yuan that year. Import development in China Trade is essential to modern economies. The imports-to-GDP ratio measures a country’s openness to inward trade. One similar indicator is the trade-to-GDP-ratio, which is the sum of exports and imports divided by GDP. It is used to measure a country’s integration in the world economy. As of 2023, China was the second largest merchandise importing nation worldwide, only next to the United States. China’s imports of goods had nearly doubled over the last decade. In 2010, the import value stood at around *** trillion U.S. dollars, whereas in 2024, China brought forth approximately *** trillion U.S. dollars worth of imported commodities, its main import goods being *******************, *********, and iron ore. Meanwhile, the monetary value of services imported to China, although much lower than merchandise imports, also increased steadily. Where does China import from? In 2024, ASEAN was the leading import partner for China, with imports amounting to approximately **** trillion yuan. The European Union was the second largest import source providing nearly *** trillion yuan worth of goods to China. In 2023, the European Union imported around *** billion euros worth of merchandise from China, resulting in a trade deficit of roughly *** billion euros. Trade deficits were most significant in sectors such as *********, ******************* and apparel manufacturing.

In 2024, the total gross domestic product (GDP) of the Guangdong - Hong Kong - Macao Greater Bay Area amounted to more than *** trillion U.S. dollars. That year, the GDP of the city of Shenzhen alone amounted to around *** billion U.S. dollars, ranking first among cities in the Greater Bay Area. The Greater Bay Area in China The Guangdong - Hong Kong - Macao Greater Bay Area is an economic zone comprised of the two special administrative regions Hong Kong and Macao and nine cities of Guangdong province in mainland China, namely Shenzhen, Guangzhou, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen, and Zhaoqing. The concept of the Greater Bay Area has been formulated by the Chinese government to further integrate Macao and Hong Kong into the Chinese mainland and to boost the economy of the cities in the Pearl River Delta. In the 1980s and 1990s, the Pearl River Delta had been one of the prime regions for economic development, but in recent years it has lost ground to the Yangtze River Delta in East China, the largest of the economic macro-regions in China. A development plan for the Greater Bay Area, which was initiated in 2017 and further elaborated thereafter, aims at developing the region into the world's largest and economically most successful Bay Area. GDP development in the Greater Bay Area In 2022, the GDP of the Greater Bay Area cities was still affected by the coronavirus pandemic and decreased slightly in U.S. dollar terms compared to the previous year. However, the development was uneven, with some of the cities on the mainland experiencing strong economic growth, while GDP growth in Hong Kong and Macau still suffered significantly from the pandemic. In 2024, per capita GDP in the Greater Bay Area ranged at about ****** U.S. dollars, which was one of the highest values in China. However, per capita GDP in Hong Kong and Macao is still considerably higher then in the neighboring cities on the mainland.

Gross Domestic Product (GDP) is a measure of the total economic output of a country. It is the sum of all the goods and services produced within a country over a given period. The GDP of a country is an important indicator of its economic health and can be used to compare the economic performance of different countries.

According to the World Bank, the United States has the highest GDP of any country in the world, with a value of $23.3 trillion. The American economy is one of the most diversified and technologically advanced in the world which contributes to the US’s large GDP. China is the second-largest economy in the world, with a GDP of $17.7 trillion. Japan, Germany, India, the United Kingdom, and France round out the top seven, all with GDPs over $3 trillion.

On the other hand, there are countries with low GDPs. The country with the lowest GDP in the world is Nauru, with a value of $133.2 million. Palau, Marshall Islands, Federated States of Micronesia, and São Tomé and Príncipe are some other countries with low GDPs. These countries are typically characterized by limited natural resources, small populations, geographic isolation, and a heavy reliance on tourism or foreign aid.

It is important to note that GDP is not necessarily an accurate reflection of the economic well-being of a country’s citizens. While a high GDP indicates a large and productive economy, it does not necessarily mean that all citizens are equally prosperous. Countries with lower GDPs may also have a higher standard of living if income is distributed more equally among the population.

China's total Exports in 2024 were valued at US$3.58 Trillion, according to the United Nations COMTRADE database on international trade. China's main export partners were: the United States, Hong Kong and Vietnam. The top three export commodities were: Electrical, electronic equipment; Machinery, nuclear reactors, boilers and Vehicles other than railway, tramway. Total Imports were valued at US$2.59 Trillion. In 2024, China had a trade surplus of US$991.41 Billion.

Regional gross domestic product (GDP) in China varies tremendously across the country. In 2024, the GDP of Guangdong province amounted to around **** trillion yuan, whereas that of Tibet only reached about ***** billion yuan. While Guangdong has a thriving economy and is densely populated, Tibet is located in a remote mountain area and has a population of only around *** million people. Regional economic differences in China China can generally be divided into four different economic macro-regions: the economically well-developed coastal parts in Eastern China, the less-developed Central and Northeastern China, and the developing region of Western China. This division is reflected in the figures for regional per capita GDP. The coastal parts of China are not only economically more advanced, but also have a considerably higher population density. This is the result of climatic conditions on the one hand and China's firm integration into the global economy on the other. International companies were initially attracted by special economic zones set up in coastal areas during China's market opening, and well-connected, highly developed urban areas of Eastern China are still favored by international businesses. Prospects for future development The Chinese government has long since been aware of the economic disparities in the country and the political unrest they might stir. Major efforts have been made to improve the conditions in less developed regions. The situation in Central and Western China has improved considerably in the last two decades, and rural poverty decreased on a striking scale. In recent years, growth rates in the west of China have even been higher than in coastal areas. However, the constraints of the global economy remain, and it is very likely that Eastern China will stay ahead in international markets in the foreseeable future.

In 2024, the gross domestic product (GDP) of Shanghai municipality in China amounted to approximately **** trillion yuan. Shanghai is the most populous city in China and has the largest GDP of all Chinese cities. It is located in Eastern China on the southern estuary at the mouth of the Yangtze river. Development of GDP in Shanghai The GDP of Shanghai has previously grown at a high pace, but economic development has gradually lost momentum over the years. GDP growth in Shanghai, which developed very close to national figures in recent years, ranged at *** percent in 2024. From a sectoral point of view, the tertiary sector of the economy displayed the highest growth rates in most of the past years and services already account for more than ** percent of the value added to the GDP. In contrast, the share of the industrial sector, which had once been of great importance to Shanghai, has been shrinking in most of the years. Branches in the service sector of the economy that experienced the fastest development were financial intermediation and information industries. Per capita GDP in Shanghai Set in relation to the population size of the city, the economic success of its inhabitants becomes apparent. Per capita GDP of Shanghai citizens exceeded ****** U.S. dollars on average for the first time in 2019, which is in the global middle field and well above the average in East Asia. However, when comparing it to other cities or regions, it has to be taken into account that the administrative area of Shanghai municipality is quite large and includes distant suburbs as well as villages on agrarian land. For this reason, Shanghai’s per capita GDP is quite high and only second to Beijing when it is compared on a provincial level in mainland China. However, when compared on a city level, with other Chinese cities often having smaller administrative areas not including distant suburbs, Shanghai’s per capita GDP ranks only within the leading 10 cities.

The Gross Domestic Product (GDP) in India expanded 7.80 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides - India GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

According to a median projection in July 2025, China's GDP was expected to grow by *** percent in 2025. In the first quarter of 2020, the second-largest economy recorded the first contraction in decades due to the epidemic.  A root-to-branch shutdown of factories To curb the spread of the virus, the Chinese government imposed a lockdown in Wuhan, the epicenter, and other cities in Hubei province on January 23, 2020. A strict nationwide lockdown soon followed. Many factories remained closed in February, resulting in a plunge in manufacturing Purchasing Managers' Index (PMI). The shutdown of the “world’s factory” had severely disrupted global supply chains, especially automobile production. In March 2020, very few industrial sectors reported positive production growth.  The pharmaceuticals sector recorded a production increase, which was mainly driven by the global demand for vital medical supplies. China had exported over seven billion yuan worth of face masks. Ripple effects on global tourism Apart from the manufacturing industry, the prolonged closures of business had caused significant losses in various sectors in China. The travel and tourism sector was massively affected by a drastic decline in flight ticket sales  and hotel occupancy rates. The domestic tourism market expects a loss of 20 percent in revenues for 2020. Industry experts predicted that the global travel and tourism industry could lose about *** trillion U.S. dollars in that year. 

In 2023, Shanghai was the city with the largest GDP in China, reaching a value added of approximately *** trillion yuan. The four Chinese first-tier cites Beijing, Shanghai, Shenzhen, and Guangzhou had by far the strongest economic performance. Development of Chinese cities Rapid urbanization and economic growth have reshaped all Chinese cities since the economic opening up of China. While the first-tier cities have overall benefitted most from this development, the last two decades have seen many second-tier cities catching up. For many years already, growth rates in Qingdao, Hangzhou, Changsha, and Zhengzhou have been higher than in Shanghai or Beijing.This development was driven by lower costs in smaller cities, a specialization of their economies, and political measures to support inland cities and ease the pressure on the largest municipalities. Today, per capita GDP in cities such as Suzhou, Nanjing, and Shenzhen is already higher than in Beijing or Shanghai. Future perspectives Competition between cities will further change China’s urban landscape in the future. Medium-sized cities that can provide an attractive economic environment have the potential to grow their economy at a faster pace, attract immigration, and further increase their relative importance. Cities that are losing their competitive edge, however, like Shenyang, Dalian, and other cities in the northeastern rustbelt, are increasingly confronted by economic stagnation and demographic decline.

China Email List With a $18.5 trillion GDP and more than 30 million new businesses, China's booming economy presents enormous B2B expansion prospects. Our China Business Email List puts you right in touch with important decision-makers spanning finance, manufacturing, education, technology, and more. Our GDPR and CCPA-compliant database guarantees secure, omnichannel outreach whether you're targeting C-level executives in Beijing or technology l

The United States has, by far, the largest gross domestic product (GDP) of the G7 countries. Moreover, while the GDP of the other six countries fluctuated between 2000 and 2024, the U.S.' grew almost constantly, reaching an estimated 29.2 trillion U.S. dollars in 2024. The United States is also the world's largest economy ahead of China. Germany had the second largest economy of the G7 countries at around 4.7 trillion U.S. dollars.

By the year 2030, it is projected that China will eclipse the United States and have the largest gross domestic product (GDP) in the world, at 31.7 trillion U.S. dollars. The United States is projected to have the second largest GDP, at 22.9 trillion U.S. dollars.

What is gross domestic product?

Gross domestic product, or GDP, is an economic measure of a country’s production in time. It includes all goods and services produced by a country and is used by economists to determine the health of a country’s economy. However, since GDP just shows the size of an economy and is not adjusted for the country’s size, this can make direct country comparisons complicated.

The growth of the global economy

Currently, the United States has the largest GDP in the world, at 20.5 trillion U.S. dollars. China has the second largest GDP, at 13.4 trillion U.S. dollars. In the coming years, production will become faster and more global, which will help to grow the global economy.

In 2023, the gross domestic product (GDP) of the Guangdong - Hong Kong - Macao Greater Bay Area reached around **** trillion U.S. dollars. Although this was not much less than the GDP of the Tokyo Bay and more than the New York Metropolitan Area, per capita GDP in China's Greater Bay Area was considerably lower.