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.

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.

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.

The Gross Domestic Product (GDP) in China expanded 5.20 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides - China GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Russia's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.

In the second 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. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. GDP growth in China In 2024, China ranged second among countries with the largest gross domestic product worldwide. Since the introduction of economic reforms in 1978, the country has experienced rapid social and economic development. In 2013, it became the world’s largest trading nation, overtaking the United States. However, per capita GDP in China was still much lower than that of industrialized countries. Until 2011, the annual growth rate of China’s GDP had constantly been above nine percent. However, economic growth has cooled down since and is projected to further slow down gradually in the future. Rising domestic wages and the competitive edge of other Asian and African countries are seen as main reasons for the stuttering in China’s economic engine. One strategy of the Chinese government to overcome this transition is a gradual shift of economic focus from industrial production to services. Challenges to GDP growth Another major challenge lies in the massive environmental pollution that China’s reckless economic growth has caused over the past decades. China’s development has been powered mostly by coal consumption, which resulted in high air pollution. To counteract industrial pollution, further investments in waste management and clean technologies are necessary. In 2017, about **** percent of GDP was spent on pollution control. Surging environmental costs aside, environmental issues could also be a key to industrial transition as China placed major investments in renewable energy and clean tech projects. The consumption of green energy skyrocketed from **** exajoules in 2005 to **** million in 2022.

The graph shows per capita gross domestic product (GDP) in China until 2024, with forecasts until 2030. In 2024, per capita GDP reached around 13,300 U.S. dollars in China. That year, the overall GDP of China had amounted to 18.7 trillion U.S. dollars. Per capita GDP in China Gross domestic product is a commonly-used economic indicator for measuring the state of a country's economy. GDP is the total market value of goods and services produced in a country within a given period of time, usually a year. Per capita GDP is defined as the GDP divided by the total number of people in the country. This indicator is generally used to compare the economic prosperity of countries with varying population sizes.In 2010, China overtook Japan and became the world’s second-largest economy. As of 2024, it was the largest exporter and the second largest importer in the world. However, one reason behind its economic strength lies within its population size. China has to distribute its wealth among 1.4 billion people. By 2023, China's per capita GDP was only about one fourth as large as that of main industrialized countries. When compared to other emerging markets, China ranked second among BRIC countries in terms of GDP per capita. Future development According to projections by the IMF, per capita GDP in China will escalate from around 13,300 U.S. dollars in 2024 to 18,600 U.S. dollars in 2030. Major reasons for this are comparatively high economic growth rates combined with negative population growth. China's economic structure is also undergoing changes. A major trend lies in the shift from an industry-based to a service-based economy.

Key information about Hong Kong SAR (China) Total Imports

• Hong Kong SAR (China) Total Imports recorded 49.7 USD bn in Jan 2025, compared with a value of 56.8 USD bn in the previous month
• Hong Kong SAR (China) Total Imports data is updated monthly, available from Jan 1957 to Jan 2025, with an average number of 7.6 USD bn
• The data reached an all-time high of 67.0 USD bn in Dec 2021 and a record low of 57.9 USD mn in Feb 1959

• In the latest reports, Hong Kong SAR (China) Total Imports grew 0.5 % YoY in Jan 2025
• Total Exports grew 0.1 % YoY, to 50.0 USD bn in Jan 2025
• Hong Kong SAR (China) Trade Balance recorded a surplus of 266.9 USD mn in Jan 2025

Exports of goods and services (% of GDP) in China was reported at 20.02 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Exports of goods and services (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Key information about Hong Kong SAR (China) Total Imports Growth

• Hong Kong SAR (China) Total Imports grew 0.5 % YoY in Jan 2025, compared with an increase of 1.1 % YoY in the previous month
• Hong Kong SAR (China) Total Imports Growth data is updated monthly, available from Jan 1953 to Jan 2025, with an averaged rate of 10.8 %
• The data reached an all-time high of 61.6 % in Aug 1968 and a record low of -36.6 % in Sep 1967

• In the latest reports, Hong Kong SAR (China) Total Imports recorded 49.7 USD bn in Jan 2025
• Total Exports reached 50.0 USD bn in Jan 2025, which registered an increase of 0.1 % year on year
• Hong Kong SAR (China) Trade Balance recorded a surplus of 266.9 USD mn in Jan 2025

Key information about Hong Kong SAR (China) Total Exports

• Hong Kong SAR (China) Total Exports expanded 0.1 % YoY in Jan 2025, compared with an increase of 5.2 % YoY in the previous month
• Hong Kong SAR (China) Total Exports Growth data is updated monthly, available from Jan 1953 to Jan 2025, with an averaged rate of 10.3 %
• The data reached an all-time high of 70.6 % in Apr 1956 and a record low of -39.3 % in Sep 1953

• In the latest reports, Hong Kong SAR (China) Total Exports recorded 50.0 USD bn in Jan 2025
• Total Imports recorded 49.7 USD bn in Jan 2025, which registered an increase of 0.5 % year on year
• Hong Kong SAR (China) Trade Balance recorded a surplus of 266.9 USD mn in Jan 2025

Total natural resources rents (% of GDP) in China was reported at 1.7076 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Total natural resources rents (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Key information about Macau SAR (China) Total Exports

• Macau SAR (China) Total Exports recorded 140.9 USD mn in Jan 2025, compared with 131.8 USD mn in the previous month
• Macau SAR (China) Total Exports data is updated monthly, available from Jan 2000 to Jan 2025, with an averaged value of 128.3 USD mn
• The data reached an all-time high of 296.0 USD mn in Aug 2004 and a record low of 44.6 USD mn in Feb 2011

• In the latest reports, Macau SAR (China) Total Exports grew 0.3 % YoY in Jan 2025
• Total Imports recorded 1.3 USD bn in Jan 2025, which registered an increase of 4.3 % year on year
• Macau SAR (China) Trade Balance recorded a deficit of 1.2 USD bn in Jan 2025

Key information about Macau SAR (China) Total Exports

• Macau SAR (China) Total Exports expanded 0.3 % YoY in Jan 2025, compared with a decrease of 2.8 % YoY in the previous month
• Macau SAR (China) Total Exports Growth data is updated monthly, available from Jan 2001 to Jan 2025, with an averaged rate of 2.4 %
• The data reached an all-time high of 82.2 % in Feb 2012 and a record low of -65.7 % in May 2009

• In the latest reports, Macau SAR (China) Total Exports recorded 140.9 USD mn in Jan 2025
• Total Imports recorded 1.3 USD bn in Jan 2025, which registered an increase of 4.3 % year on year
• Macau SAR (China) Trade Balance recorded a deficit of 1.2 USD bn in Jan 2025

Key information about Macau SAR (China) Total Imports

• Macau SAR (China) Total Imports recorded 1.3 USD bn in Jan 2025, compared with a value of 1.4 USD bn in the previous month
• Macau SAR (China) Total Imports data is updated monthly, available from Jan 2000 to Jan 2025, with an average number of 682.6 USD mn
• The data reached an all-time high of 1.9 USD bn in May 2021 and a record low of 97.4 USD mn in Feb 2000

• In the latest reports, Macau SAR (China) Total Imports grew 4.3 % YoY in Jan 2025
• Total Exports grew 0.3 % YoY, to 140.9 USD mn in Jan 2025
• Macau SAR (China) Trade Balance recorded a deficit of 1.2 USD bn in Jan 2025

Key information about China Total Loans Growth

• China Total Loans Growth was reported at 7.53 % in Jan 2025
• This records a decrease from the previous number of 7.61 % for Dec 2024
• China Total Loans Growth data is updated monthly, averaging 13.52 % from Jan 1998 to Jan 2025, with 325 observations
• The data reached an all-time high of 33.86 % in Nov 2009 and a record low of 2.79 % in Sep 2000
• China Total Loans Growth data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Total Loans: Y-o-Y Growth: Monthly

Exports in China increased to 325.18 USD Billion in June from 316.10 USD Billion in May of 2025. This dataset provides - China Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China Competitiveness Indicator: Relative Unit Labour Costs: Overall Economy data was reported at 97.921 2015=100 in 2025. This records a decrease from the previous number of 98.035 2015=100 for 2024. China Competitiveness Indicator: Relative Unit Labour Costs: Overall Economy data is updated yearly, averaging 74.713 2015=100 from Dec 1995 (Median) to 2025, with 31 observations. The data reached an all-time high of 102.164 2015=100 in 2022 and a record low of 34.753 2015=100 in 1995. China Competitiveness Indicator: Relative Unit Labour Costs: Overall Economy 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.EO: Trade Statistics: Competitiveness Indicators In International Trade: Forecast: Non OECD Member: Annual. ULCDR - Indicator of competitiveness based on relative unit labour costs in total economyCompetitiveness-weighted relative unit labour costs for the overall economy in dollar terms. Competitiveness weights take into account the structure of competition in both export and import markets of the goods sector of 53 countries. An increase in the index indicates a real effective appreciation and a corresponding deterioration of the competitive position. Index, OECD reference year OECD calculation, see OECD Economic Outlook database documentation

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.

Unemployment Rate in China remained unchanged at 5 percent in June. This dataset provides - China Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.