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's shift to Western-style diets is driving global economic changes, influencing meat demand and international trade dynamics.

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.

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 GDP data was reported at 31,875.800 RMB bn in Mar 2025. This records a decrease from the previous number of 37,372.616 RMB bn for Dec 2024. China GDP data is updated quarterly, averaging 7,996.500 RMB bn from Mar 1992 (Median) to Mar 2025, with 133 observations. The data reached an all-time high of 37,372.616 RMB bn in Dec 2024 and a record low of 528.490 RMB bn in Mar 1992. China GDP 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.

Key information about China Gross National Product (GNP)

• China Gross National Product (GNP) was reported at 18,617.329 USD bn in Dec 2024.
• This records an increase from the previous number of 18,131.846 USD bn for Dec 2023.
• China Gross National Product (GNP) data is updated yearly, averaging 435.702 USD bn from Dec 1957 to 2024, with 68 observations.
• The data reached an all-time high of 18,617.329 USD bn in 2024 and a record low of 43.606 USD bn in 1957.

• China Gross National Product (GNP) data remains active status in CEIC and is reported by CEIC Data.
• CEIC converts annual Gross National Product into USD. The National Bureau of Statistics provides Gross National Product in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

GDP: Xinjiang: Aksu data was reported at 187.615 RMB bn in 2023. This records an increase from the previous number of 173.954 RMB bn for 2022. GDP: Xinjiang: Aksu data is updated yearly, averaging 79.280 RMB bn from Dec 2005 (Median) to 2023, with 19 observations. The data reached an all-time high of 187.615 RMB bn in 2023 and a record low of 17.040 RMB bn in 2005. GDP: Xinjiang: Aksu data remains active status in CEIC and is reported by Aksu Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AH: Gross Domestic Product: Prefecture Level Region.

China Leading Index data was reported at 92.852 2015=100 in Feb 2020. This records a decrease from the previous number of 94.431 2015=100 for Jan 2020. China Leading Index data is updated monthly, averaging 108.084 2015=100 from Jan 2001 (Median) to Feb 2020, with 230 observations. The data reached an all-time high of 130.175 2015=100 in Nov 2009 and a record low of 92.852 2015=100 in Feb 2020. China Leading Index 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.OF: Economic Climate Indicator.

Hong Kong HK: GDP: Growth: Gross Capital Formation data was reported at 5.709 % in 2017. This records an increase from the previous number of 4.830 % for 2016. Hong Kong HK: GDP: Growth: Gross Capital Formation data is updated yearly, averaging 5.270 % from Dec 1974 (Median) to 2017, with 44 observations. The data reached an all-time high of 45.233 % in 1976 and a record low of -16.439 % in 1998. Hong Kong HK: GDP: Growth: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Hong Kong SAR – Table HK.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

China % of Value Added of Core Industries of Digital Economy: Manufacture of Digital Products data was reported at 33.800 % in 2023. China % of Value Added of Core Industries of Digital Economy: Manufacture of Digital Products data is updated yearly, averaging 33.800 % from Dec 2023 (Median) to 2023, with 1 observations. The data reached an all-time high of 33.800 % in 2023 and a record low of 33.800 % in 2023. China % of Value Added of Core Industries of Digital Economy: Manufacture of Digital Products 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.AVA: Value Added of Core Industries of Digital Economy.

China GDP: Year to Date: TI: Wholesale and Retail Trade data was reported at 3,309.710 RMB bn in Mar 2025. This records a decrease from the previous number of 13,798.092 RMB bn for Dec 2024. China GDP: Year to Date: TI: Wholesale and Retail Trade data is updated quarterly, averaging 1,273.560 RMB bn from Dec 1991 (Median) to Mar 2025, with 134 observations. The data reached an all-time high of 13,798.092 RMB bn in Dec 2024 and a record low of 53.680 RMB bn in Mar 1992. China GDP: Year to Date: TI: Wholesale and Retail Trade 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: Quarterly.

China GOI: Economic Fundamentals data was reported at 41.000 NA in 2019. This records an increase from the previous number of 28.000 NA for 2018. China GOI: Economic Fundamentals data is updated yearly, averaging 28.000 NA from Dec 2017 (Median) to 2019, with 3 observations. The data reached an all-time high of 41.000 NA in 2019 and a record low of 28.000 NA in 2018. China GOI: Economic Fundamentals data remains active status in CEIC and is reported by Milken Institute. The data is categorized under Global Database’s China – Table CN.Milken: Global Oportunity Index.

China Trade Balance: Advanced Economies: Sweden data was reported at -697.196 USD mn in Mar 2018. This records a decrease from the previous number of -268.506 USD mn for Dec 2017. China Trade Balance: Advanced Economies: Sweden data is updated quarterly, averaging -61.841 USD mn from Mar 1981 (Median) to Mar 2018, with 149 observations. The data reached an all-time high of 291.644 USD mn in Sep 2007 and a record low of -697.196 USD mn in Mar 2018. China Trade Balance: Advanced Economies: Sweden data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s China – Table CN.IMF.DOT: Trade Balance: by Country: Quarterly.

China GOI: International Standard and Policy data was reported at 38.000 NA in 2019. This records an increase from the previous number of 29.000 NA for 2018. China GOI: International Standard and Policy data is updated yearly, averaging 38.000 NA from Dec 2017 (Median) to 2019, with 3 observations. The data reached an all-time high of 102.000 NA in 2017 and a record low of 29.000 NA in 2018. China GOI: International Standard and Policy data remains active status in CEIC and is reported by Milken Institute. The data is categorized under Global Database’s China – Table CN.Milken: Global Oportunity Index.

Income per Capita: Jinan data was reported at 36,244.130 RMB in 2012. This records an increase from the previous number of 31,895.110 RMB for 2011. Income per Capita: Jinan data is updated yearly, averaging 11,349.425 RMB from Dec 1993 (Median) to 2012, with 20 observations. The data reached an all-time high of 36,244.130 RMB in 2012 and a record low of 2,875.290 RMB in 1993. Income per Capita: Jinan data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Household Survey – Table CN.HD: Income per Capita: City.

CN: Gross Domestic Product: Chongqing data was reported at 723.200 RMB bn in Mar 2024. This records a decrease from the previous number of 789.793 RMB bn for Sep 2023. CN: Gross Domestic Product: Chongqing data is updated quarterly, averaging 727.771 RMB bn from Mar 2022 (Median) to Mar 2024, with 8 observations. The data reached an all-time high of 829.397 RMB bn in Dec 2022 and a record low of 643.200 RMB bn in Mar 2022. CN: Gross Domestic Product: Chongqing 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: by Province: Quarterly.

China GOI: Financial Services data was reported at 25.000 NA in 2019. This records an increase from the previous number of 14.000 NA for 2018. China GOI: Financial Services data is updated yearly, averaging 14.000 NA from Dec 2017 (Median) to 2019, with 3 observations. The data reached an all-time high of 25.000 NA in 2019 and a record low of 7.000 NA in 2017. China GOI: Financial Services data remains active status in CEIC and is reported by Milken Institute. The data is categorized under Global Database’s China – Table CN.Milken: Global Oportunity Index.

CN: Macro-economic Climate Index: Leading Index data was reported at 98.800 2019=100 in Nov 2024. This records an increase from the previous number of 98.700 2019=100 for Oct 2024. CN: Macro-economic Climate Index: Leading Index data is updated monthly, averaging 98.900 2019=100 from Dec 2022 (Median) to Nov 2024, with 24 observations. The data reached an all-time high of 100.680 2019=100 in Apr 2023 and a record low of 95.888 2019=100 in Dec 2022. CN: Macro-economic Climate Index: Leading Index data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Business and Economic Survey – Table CN.OF: Economic Climate Indicator.

China Trade Balance: Emerging and Developing Economies: Western Hemisphere: Jamaica data was reported at 471.773 USD mn in 2017. This records a decrease from the previous number of 508.164 USD mn for 2016. China Trade Balance: Emerging and Developing Economies: Western Hemisphere: Jamaica data is updated yearly, averaging 17.188 USD mn from Dec 1981 (Median) to 2017, with 37 observations. The data reached an all-time high of 755.306 USD mn in 2012 and a record low of -179.124 USD mn in 2006. China Trade Balance: Emerging and Developing Economies: Western Hemisphere: Jamaica data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s China – Table CN.IMF.DOT: Trade Balance: by Country: Annual.

China Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia data was reported at 103.652 USD bn in 2017. This records a decrease from the previous number of 114.184 USD bn for 2016. China Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia data is updated yearly, averaging -30.300 USD mn from Dec 1961 (Median) to 2017, with 41 observations. The data reached an all-time high of 128.682 USD bn in 2015 and a record low of -18.138 USD bn in 2004. China Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s China – Table CN.IMF.DOT: Trade Balance: by Country: Annual.