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TwitterAccording 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.
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GDP from Agriculture in China increased to 58060.80 CNY Hundred Million in the third quarter of 2025 from 31171.80 CNY Hundred Million in the second quarter of 2025. This dataset provides - China Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.
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TwitterThe statistic shows the distribution of the workforce across economic sectors in China from 2014 to 2024. In 2024, around 22.2 percent of the workforce were employed in the agricultural sector, 29 percent in the industrial sector and 48.8 percent in the service sector. In 2022, the share of agriculture had increased for the first time in more than two decades, which highlights the difficult situation of the labor market due to the pandemic and economic downturn at the end of the year. Distribution of the workforce in China In 2012, China became the largest exporting country worldwide with an export value of about two trillion U.S. dollars. China’s economic system is largely based on growth and export, with the manufacturing sector being a crucial contributor to the country’s export competitiveness. Economic development was accompanied by a steady rise of labor costs, as well as a significant slowdown in labor force growth. These changes present a serious threat to the era of China as the world’s factory. The share of workforce in agriculture also steadily decreased in China until 2021, while the agricultural gross production value displayed continuous growth, amounting to approximately 7.8 trillion yuan in 2021. Development of the service sector Since 2011, the largest share of China’s labor force has been employed in the service sector. However, compared with developed countries, such as Japan or the United States, where 73 and 79 percent of the work force were active in services in 2023 respectively, the proportion of people working in the tertiary sector in China has been relatively low. The Chinese government aims to continue economic reform by moving from an emphasis on investment to consumption, among other measures. This might lead to a stronger service economy. Meanwhile, the size of the urban middle class in China is growing steadily. A growing number of affluent middle class consumers could promote consumption and help China move towards a balanced economy.
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TwitterIn 2023, the distribution of the gross domestic product (GDP) across economic sectors in different regions of China still revealed a heavy reliance on the primary and secondary sectors in most parts of the country. While the primary and secondary sectors accounted for only 0.2 and 14.9 percent, respectively, of the gross regional product of Beijing, they accounted for 11.1 and 47.5 percent, respectively, in Inner Mongolia.
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GDP from Services in China increased to 592955.20 CNY Hundred Million in the third quarter of 2025 from 390313.80 CNY Hundred Million in the second quarter of 2025. This dataset provides - China Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.
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TwitterIn 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.
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The figures are based on GDP (Nominal) and sector composition ratios provided by the CIA World Fact Book. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other private economic activities that do not produce material goods.
Agriculture Sector : Agriculture Sector contributes 6.4 percent of total world's economic production. Total production of sector is $5,084,800 million. China is the largest contributer followed by India. China and India accounts for 19.49 and 7.39 percent of total global agricultural output. World's largest economy United States is at third place. Next in line come Brazil and Indonesia
**Industry Sector : **With GDP of $23,835 billion, Industry Sector holds a share of 30% of total GDP nominal. China is the largest contributor followed by US. Japan is at 3rd and Germany is at 4th place. These four countries contributes 45.84 of total global industrial output.
Services Sector : Services sector is the largest sector of the world as 63 percent of total global wealth comes from services sector. United States is the largest producer of services sector with around 15.53 trillion USD. Services sector is the leading sector in 201 countries/economies. 30 countries receive more than 80 percent of their GDP from services sector. Chad has lowest 27% contribution by services sector in its economy.
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TwitterIn 2024, the service sector contributed around **** percent to the gross domestic product (GDP) of Shanghai municipality in China. The share of the tertiary sector increased by around ten percentage points over the last decade.
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TwitterThe graph shows the number of employed people in China from 2014 to 2024. In 2024, the workforce in China amounted to around 734.4 million people. This marked an annual decrease of six million and is in line with a general downward trend since 2014. Workforce in China China’s total population has been declining since 2022 and dropped by 1.4 million annually to around 1.408 billion as of the end of 2024. This development is also reflected in the number of people in working age which has been shrinking since 2014. The labor force of China, which refers to the population aged 16 and over and capable of working, has been declining since 2016 and ranged at around 772.2 million in 2023. Out of the total number of employed people in 2023, about 470.3 million people were employed in urban areas, while 270.1 million people were working in rural areas. Distribution of the workforce The share of the workforce employed in the primary sector declined significantly from 36.7 percent in 2010 to 22.8 percent in 2023, only interrupted in 2022 by effects related to the COVID-19 pandemic. While the percentage of people employed in the primary sector decreased, the tertiary sector gained importance. As of 2023, about 29.1 percent of Chinese workers were employed in secondary and 48.1 percent in tertiary industries. The share of the workforce employed in the secondary sector increased until 2012 but decreased thereafter due to China's shift towards a service driven economy.
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The industrial brushes market share is expected to increase by USD 504.48 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.16%.
This industrial brushes market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers industrial brushes market segmentations by end-user (automotive, aerospace and defense, construction and utility, and others) and geography (North America, Europe, APAC, South America, and MEA). The industrial brushes market report also offers information on several market vendors, including 3M Co., Carolina Brush, Fuller Industries LLC, Gordon Brush Mfg. Co. Inc., Robert Bosch GmbH, Schaefer Brush, Spiral Brushes Inc., Tanis Brush Inc., The Industrial Brush Company Inc., and Unimade Industry Co. Ltd. among others.
What will the Industrial Brushes Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Industrial Brushes Market Size for the Forecast Period and Other Important Statistics
Industrial Brushes Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The emerging markets spurring automotive sales is notably driving the industrial brushes market growth, although factors such as volatility in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial brushes industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Industrial Brushes Market Driver
The emerging markets spurring automotive sales is notably driving the industrial brushes market growth. Emerging markets will drive global automotive sales, thus impacting the volume sales of industrial brushes. Industrial brushes are used in the automotive sector for tasks like buffing, polishing, and finishing. The main end-users of industrial brushes include the manufacturers of auto parts and automobile restoration specialists. Therefore, the demand for industrial brushes is very high among automobile manufacturers and auto repair shops, where these industrial brushes are used for surface conditioning and deburring purposes to create the final automotive products. The growing automotive sector across the globe is expected to increase the sales of industrial brushes worldwide. China has become the largest automotive market in Asia, with a booming local and international market. With the increase in automotive sales in the region, the demand for industrial brushes is also poised to grow in APAC.
Key Industrial Brushes Market Trend
Increasing demand for customized industrial brushes is the key trend driving the industrial brushes market growth. The global industrial brushes market is fragmented in nature, where the technical know-how needed for manufacturing a variety of industrial brushes is available to most of the industrial manufacturers; therefore, manufacturers are capitalizing on customizing the industrial brushes according to the needs of different industries. The application of brushes varies, depending on the end-user. Thus, vendors operating in different industries look for specialty brushes for specific applications. The industrial brushes market is one of the most specialized and diverse manufacturing industries. Therefore, vendors in the market are capitalizing on the trend of customizing industrial brushes.
Key Industrial Brushes Market Challenge
The major challenge impeding the industrial brushes market growth is the volatility in raw material. Industrial brushes are expensive when compared with other power tool accessories. The average price of an industrial brush is $10. This is mainly due to the volatility in the prices of the raw materials, which are used to manufacture them, such as steel. In the past few years, the price of steel reported volatility due to the expanding demand-supply disparity. The volatility in the prices of raw materials impacts the pricing strategy of industrial brushes vendors, thereby impacting the growth of the market. However, the volatility in the prices of the raw materials used in manufacturing industrial brushes, such as steel, is expected to continue during the forecast period. The slowdown in steel production in China will have a significant impact on the global steel market. The major reason for the volatility in steel prices is the instability in the price of the primary raw material, iron ore.
This industrial brushes market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the tren
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TwitterIn 2024, Chinese exports of trade goods to the United States amounted to about 438.95 billion U.S. dollars; a significant increase from 1985 levels, when imports from China amounted to about 3.86 billion U.S. dollars. U.S. exports to China Compared to U.S. imports from China, the value of U.S. exports to China in 2020 amounted to 427.23billion U.S. dollars. China is the United States’ largest trading partner, while China was the United States third largest goods export market. Some of the leading exports to China in the agricultural sector included soybeans, cotton, and pork products. Texas was the leading state that exported to China in 2020 based on total value of goods exports, at 16.9 billion U.S. dollars. U.S. - China trade war The trade war between the United States and China is an economic conflict between two of the world’s largest national economies. It started in 2018 when U.S. President Donald Trump started putting tariffs and trade barriers on China, with the intent to get China to conform to Trump’s wishes. President Trump claimed that China has unfair trade businesses. As a result of this trade war, it has caused a lot of tension between the U.S. and China. Nearly half of American companies impacted by the U.S.-China trade tariffs said that the trade war increased their cost of manufacturing. The healthcare product industry has suffered the most from the trade war in regards to reduced profits.
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TwitterIn 2019, about *** million employees were working in the manufacturing sector in the Shanghai municipality, while only about ***** thousand people worked in the culture, sports and entertainment sector. Almost triple as much people were employed in the sectors of the tertiary industry than in the sectors of the secondary industry. The average wages for employees in the different sectors varied considerably.
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China Production Capacity: Plastic in Primary Form (Synthetic Resin) data was reported at 99,246.000 Ton th in 2017. This records a decrease from the previous number of 99,273.300 Ton th for 2016. China Production Capacity: Plastic in Primary Form (Synthetic Resin) data is updated yearly, averaging 8,931.000 Ton th from Dec 1990 (Median) to 2017, with 16 observations. The data reached an all-time high of 99,273.300 Ton th in 2016 and a record low of 3,401.500 Ton th in 1990. China Production Capacity: Plastic in Primary Form (Synthetic Resin) data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BA: Production Capacity.
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TwitterChina sources most of its electricity from coal. In 2023, fossil fuels made up ** percent of the total electricity in the country. Despite continuing to expand its coal power plant fleet, China has recently redirected its investment efforts towards clean energy initiatives with the aim of reducing pollution and emission levels. From fossil to the future As the largest global polluter, China has designated the development of renewable energy sources as a major objective of its economic policies. Already, the country produced the most renewable energy worldwide. However, as the second-largest economy, it was also the biggest energy consumer, attributed to its population numbers and a large manufacturing sector. According to the China Electricity Council, a national trade organization, the combined capacity of wind and solar power was going to exceed the projected coal power supply in 2024. Long-distance relationship One of the greatest obstacles to the green energy transition in the PRC is the distance between the green energy sources and its consumers. In general, the country has favorable conditions for the installation of wind and solar power, as the northwestern regions are not only abundant in wind and sun but also host China's hydroelectric dams. Nonetheless, most individuals and institutions lack awareness. However, most people and industry are in the country’s coastal provinces, many thousands of kilometers away. As a result, the country has built the world’s leading ultra-high-voltage electricity transmission system, which allows the transmission of energy over large distances. The longest transmission circuit in China exceeds 2,000 kilometers.
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TwitterIn 2023, exports of goods and services from the United States made up about eleven percent of its gross domestic product (GDP). This is an increase from 9.25 percent of GDP of the United States in 1990. U.S. exports The GDP of the United States is the largest in the world, clocking in at more than 20 trillion U.S. dollars in 2022. It is additionally one of the world's largest exporters, second only to China. United States exports surpassed three trillion dollars in 2022, its highest level ever. Balance of trade The balance of trade in the United States has been a longstanding topic of conversation among economists, business interests, and politicians. When a country imports more than it exports, this is known as a trade deficit. While large export industries have been present in the United States for many years, the U.S. trade deficit has been increasing and is the largest volume of any nation.
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China Number of Employee: Textile data was reported at 2,449.000 Person th in Oct 2025. This records a decrease from the previous number of 2,458.000 Person th for Sep 2025. China Number of Employee: Textile data is updated monthly, averaging 4,770.600 Person th from Dec 1998 (Median) to Oct 2025, with 253 observations. The data reached an all-time high of 6,520.600 Person th in Dec 2008 and a record low of 2,386.000 Person th in Feb 2024. China Number of Employee: Textile data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Labour Market – Table CN.GB: No of Employee: by Industry: Monthly.
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TwitterAccording 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.