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.

GDP from Services in China increased to 390313.80 CNY Hundred Million in the second quarter of 2025 from 195142.30 CNY Hundred Million in the first quarter of 2025. This dataset provides - China Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

China Contribution to(GDP) Gross Domestic ProductGrowth: Tertiary Industry data was reported at 2.810 % in 2024. This records a decrease from the previous number of 3.500 % for 2023. China Contribution to(GDP) Gross Domestic ProductGrowth: Tertiary Industry data is updated yearly, averaging 3.800 % from Dec 1978 (Median) to 2024, with 47 observations. The data reached an all-time high of 6.700 % in 2007 and a record low of 0.800 % in 1990. China Contribution to(GDP) Gross Domestic ProductGrowth: Tertiary Industry 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: Contribution and Share to Growth.

The 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.

China GDP: Tertiary Industry(TI) data was reported at 19,514.230 RMB bn in Mar 2025. This records a decrease from the previous number of 20,408.077 RMB bn for Dec 2024. China GDP: Tertiary Industry(TI) data is updated quarterly, averaging 3,494.800 RMB bn from Mar 1992 (Median) to Mar 2025, with 133 observations. The data reached an all-time high of 20,408.077 RMB bn in Dec 2024 and a record low of 223.480 RMB bn in Mar 1992. China GDP: Tertiary Industry(TI) 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.

China GDP: % of GDP: Gross Value Added: Services data was reported at 51.629 % in 2017. This records an increase from the previous number of 51.556 % for 2016. China GDP: % of GDP: Gross Value Added: Services data is updated yearly, averaging 44.247 % from Dec 2004 (Median) to 2017, with 14 observations. The data reached an all-time high of 51.629 % in 2017 and a record low of 41.182 % in 2004. China GDP: % of GDP: Gross Value Added: Services 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. Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

The IT Services industry in China has performed well over the past five years, due to the application of new technologies, like cloud computing, big data, AI and the Internet of Things. The growth in IT investment and of China's information sector has boosted industry demand. Industry revenue is expected to grow at an annualized 8.2% over the five years through 2025, to total $448.2 billion. This trend includes anticipated growth of 3.0% in the current year.Industry revenue increased slower in 2022, mainly because the aggravated COVID-19 epidemic in the year has led to delays in project delivery. Reduced budget from government customers also resulted in weaker industry demand, due to the large expenditures on the protection and control measures.Although the IT services industry in China is still relatively new, it has been expanding quickly. The Chinses Government attaches great importance on the development of information sector, which stimulated the demand for IT services. Strong government supports on digital economy and the construction of digital China have created a favorable condition for the development of the industry and will increase the demand for IT services.The industry's outsourcing and offshoring service segment experienced the stable growth over the past five years, boosted by government support. Industry exports will increase at an average rate of 4.5% in the five years to 2025. Exports as a share of industry revenue is expected to total 4.1% in 2025.Industry revenue is forecast to grow at an annualized 4.0% over the five years through 2030, to total $546.5 billion. The recovery of Chinese economy, the improvement of IT equipment and software technologies and the accelerated digital transformation in both government and private sectors are anticipated to remain the most important drivers for the industry's development. New technologies, like cloud computing, big data, AI and the Internet of Things, will also continue to motivate industry development.The industry is highly fragmented and has a low concentration level. The top four participants will jointly account for 2.1% of industry revenue in 2025. Industry concentration level is forecast to increase over the next five years, as large IT services firms acquire smaller local providers to gain market share in the growing small- and medium-sized business market segment.

In 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.

The China Location-Based Services Market report segments the industry into By Component (Hadware, Software, Services), By Location (Indoor, Outdoor), By Application (Mapping and Navigation, Business Intelligence and Analytics, Location-based Advertising, Social Networking and Entertainment, Others), and By End User (Transportation and Logistics, IT and Telecom, Healthcare, Government, BFSI, Hospitality, Manufacturing, Others).

CN: GDP: Value Added data was reported at 99,356,033.560 RMB mn in 2022. This records an increase from the previous number of 93,689,271.010 RMB mn for 2021. CN: GDP: Value Added data is updated yearly, averaging 10,140,386.875 RMB mn from Dec 1981 (Median) to 2022, with 42 observations. The data reached an all-time high of 99,356,033.560 RMB mn in 2022 and a record low of 460,111.001 RMB mn in 1981. CN: GDP: Value Added 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.MSTI: Gross Domestic Product, GDP PPP and GDP Deflator: Non OECD Member: Annual.

China BERD: % of Value Added data was reported at 2.295 % in 2021. This records an increase from the previous number of 2.281 % for 2020. China BERD: % of Value Added data is updated yearly, averaging 1.125 % from Dec 1991 (Median) to 2021, with 31 observations. The data reached an all-time high of 2.295 % in 2021 and a record low of 0.268 % in 1996. China BERD: % of Value Added 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.MSTI: Business Enterprise Investment on Research and Development: Non OECD Member: Annual.

Definition of MSTI variables 'Value Added of Industry' and 'Industrial Employment':

R&D data are typically expressed as a percentage of GDP to allow cross-country comparisons. When compiling such indicators for the business enterprise sector, one may wish to exclude, from GDP measures, economic activities for which the Business R&D (BERD) is null or negligible by definition. By doing so, the adjusted denominator (GDP, or Value Added, excluding non-relevant industries) better correspond to the numerator (BERD) with which it is compared to.

The MSTI variable 'Value added in industry' is used to this end:

It is calculated as the total Gross Value Added (GVA) excluding 'real estate activities' (ISIC rev.4 68) where the 'imputed rent of owner-occupied dwellings', specific to the framework of the System of National Accounts, represents a significant share of total GVA and has no R&D counterpart. Moreover, the R&D performed by the community, social and personal services is mainly driven by R&D performers other than businesses.

Consequently, the following service industries are also excluded: ISIC rev.4 84 to 88 and 97 to 98. GVA data are presented at basic prices except for the People's Republic of China, Japan and New Zealand (expressed at producers' prices).In the same way, some indicators on R&D personnel in the business sector are expressed as a percentage of industrial employment. The latter corresponds to total employment excluding ISIC rev.4 68, 84 to 88 and 97 to 98.

China GDP: Tertiary Industry: Prefecture Level City data was reported at 15,006.416 RMB bn in 2009. This records an increase from the previous number of 12,758.021 RMB bn for 2008. China GDP: Tertiary Industry: Prefecture Level City data is updated yearly, averaging 6,140.850 RMB bn from Dec 1999 (Median) to 2009, with 11 observations. The data reached an all-time high of 15,006.416 RMB bn in 2009 and a record low of 3,243.800 RMB bn in 1999. China GDP: Tertiary Industry: Prefecture Level City 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.AE: Gross Domestic Product: Tertiary Industry: Prefecture Level City.

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.

This statistic depicts the added value of the tertiary sector to the gross domestic product of China from 2013 to 2023. In 2023, the service industry added almost 68.8 trillion yuan of value to the GDP of China.

Key information about China Debt Service Ratio: Private Non-Financial Sector

• China Debt Service Ratio: Private Non-Financial Sector was reported at 18.600 % in Sep 2024
• This stayed constant from the previous number of 18.600 % for Jun 2024
• China Debt Service Ratio: Private Non-Financial Sector data is updated quarterly, averaging 15.100 % from Mar 1999 to Sep 2024, with 103 observations
• The data reached an all-time high of 18.600 % in Sep 2024 and a record low of 9.900 % in Jun 1999
• China Debt Service Ratio: Private Non-Financial Sector data remains active status in CEIC and is reported by Bank for International Settlements
• The data is categorized under World Trend Plus’s Association: Banking Sector – Table RC.BIS.DSR: G1 Private Non-Financial Sector (PNF): Quarterly

China Employment: Tertiary Industry data was reported at 356.390 Person mn in 2023. This records an increase from the previous number of 345.830 Person mn for 2022. China Employment: Tertiary Industry data is updated yearly, averaging 96.640 Person mn from Dec 1952 (Median) to 2023, with 72 observations. The data reached an all-time high of 358.680 Person mn in 2021 and a record low of 17.990 Person mn in 1954. China Employment: Tertiary Industry data remains active status in CEIC and is reported by Ministry of Human Resources and Social Security. The data is categorized under Global Database’s China – Table CN.GB: Employment.

SSS: Securities Services: EP: Purchase of Goods & Commission Paid data was reported at 88,767.000 MOP th in 2016. This records an increase from the previous number of 79,377.000 MOP th for 2015. SSS: Securities Services: EP: Purchase of Goods & Commission Paid data is updated yearly, averaging 13,725.000 MOP th from Dec 2006 (Median) to 2016, with 11 observations. The data reached an all-time high of 88,767.000 MOP th in 2016 and a record low of 36.000 MOP th in 2010. SSS: Securities Services: EP: Purchase of Goods & Commission Paid data remains active status in CEIC and is reported by Statistics and Census Service. The data is categorized under Global Database’s Macau – Table MO.S004: Annual Service Sector Survey.

In 2024, the service sector of the economy in Shanghai municipality in China grew by around 5.7 percent compared to the previous year. The share of the service sector in the gross domestic product (GDP) of Shanghai grew gradually over the last decade and reached around 78.2 percent in 2024.

Revenue for the Internet Services industry is expected to increase at an annualized rate of 7.9% over the five years through 2025 to $435.9 billion. The number of internet users in China has increased rapidly over the period. The COVID-19 outbreak in China drove market demand for internet services. The pandemic situation in China was serious in 2020, and revenue for the Internet Services industry increased rapidly during this period.Although the profit margins of listed companies are high, they have been declining as competition has intensified and prices have decreased. In 2025, profit is estimated at 12.6% of industry revenue due to substantial research and development (R&D) investments and much higher wage costs.The information services segment has become more important to the industry over the past five years. As digital transformation accelerates across industries, information services provide technology support for businesses to automate, increase efficiency and improve customer experience. The development of technologies like big data, cloud computing and AI has significantly improved the quality and efficiency of information services, prompting more enterprises to adopt these services.According to the China Internet Network Information Center (CNNIC), the number of internet users in China totaled 1.09 billion in June of 2024. The internet penetration rate has reached 77.5%. As more well-known international enterprises enter the industry, competition will intensify further and result in better consumer service.Industry revenue is forecast to increase at an annualized 3.3% over the five years through 2030, to reach $511.6 billion in 2030. Strong revenue growth will be mainly due to internet coverage expanding substantially in China and thriving advertising services boosted by e-commerce.