Key information about China Private Consumption: % of GDP

• China Private Consumption accounted for 39.6 % of its Nominal GDP in Dec 2023, compared with a ratio of 37.8 % in the previous year.
• China Private Consumption contribution to Nominal GDP ratio is updated yearly, available from Dec 1952 to Dec 2023, with an average share of 49.3 %.
• The data reached an all-time high of 70.8 % in Dec 1962 and a record low of 34.9 % in Dec 2010.

CEIC calculates Private Consumption as % of Nominal GDP from annual Private Consumption Expenditure and annual Nominal GDP. The National Bureau of Statistics provides Private Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about China Private Consumption: % of GDP

• In the latest reports, China GDP expanded 4.5 % YoY in Mar 2023.
• Its Nominal GDP reached 4,166.8 USD bn in Mar 2023.
• China GDP Per Capita reached 12,621.7 USD in Dec 2023.
• Its Gross Savings Rate was measured at 44.3 % in Dec 2023.

In 2023, final consumption of the economy in China accounted for about 55.7 percent of the gross domestic product (GDP). The share of final consumption in the total GDP of China is expected to increase gradually in the upcoming years. Level of consumption in China Final consumption refers to the part of the GDP that is consumed, in contrast to what is invested or exported. In matured economies, final consumption often accounts for 70 or more percent of the total GDP. In developing countries, however, a significantly larger share may be spent on investments in infrastructure, real estate, and industrial capacities.Since its economic opening up, China was among the countries with the highest ratio of spending on investment and the lowest on consumption. Especially since 2000, China spent increasing amounts of money on infrastructure and housing, while the share spent on consumption dropped to an all-time low. This was not only related to China’s rapid economic ascendence, but also to a large working-age population and a low dependency ratio. Recent developments and outlook As the rate of returns on investment has dropped gradually since the global financial crisis in 2008, China is trying to shift to a more consumption-driven growth model. Accordingly, the share of final consumption has increased since 2010. Although this trend was interrupted by the coronavirus pandemic, it will most probably continue in the future. Lower demand for new infrastructure and housing, as well as an aging population, are the main drivers of this development.

Consumer Spending in China increased to 538646.10 CNY Hundred Million in 2024 from 512120.60 CNY Hundred Million in 2023. This dataset provides - China Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, households in China spent on average approximately **** percent of their consumption expenditure on food, tobacco, and liquor. Rural households spent a slightly larger share of their money on food items than urban households.

Households and NPISHs Final consumption expenditure (current US$) in China was reported at 7229259522659 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Household final consumption expenditure - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Key information about China Household Expenditure per Capita

• China Annual Household Expenditure per Capita reached 4,802.362 USD in Dec 2024, compared with the last update number of 4,660.367 USD in Dec 2023.
• China Annual Household Expenditure per Capita data is updated yearly, available from Dec 1957 to Dec 2024, with an averaged value of 607.205 USD.
• The data reached an all-time high of 4,802.362 USD in Dec 2024 and a record low of 89.641 USD in Dec 1964.
• In the latest reports, Retail Sales of China grew 12.700 % YoY in May 2023.

CEIC converts Annual Household Expenditure per Capita into USD. The National Bureau of Statistics provides Household Expenditure per Capita in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Household Expenditure covers Consumption Expenditure and for urban area only.

China GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data was reported at 49,324,716.288 RMB mn in 2023. This records an increase from the previous number of 45,046,810.161 RMB mn for 2022. China GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data is updated yearly, averaging 9,053,683.274 RMB mn from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 49,324,716.288 RMB mn in 2023 and a record low of 943,503.816 RMB mn in 1990. China GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series 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: Nominal. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in local currency, at current prices.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;

Key information about China Public Consumption: % of GDP

• China Public Consumption accounted for 16.5 % of its Nominal GDP in Dec 2023, compared with a share of 16.1 % in the previous year.
• China Public Consumption share of Nominal GDP ratio is updated yearly, available from Dec 1952 to Dec 2023, with an average number of 13.8 %.
• The data reached an all-time high of 16.9 % in Dec 2020 and a record low of 8.7 % in Dec 1959.

CEIC calculates Government Consumption as % of Nominal GDP from annual Government Consumption Expenditure and annual Nominal GDP. The National Bureau of Statistics provides Government Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about China Public Consumption: % of GDP

• In the latest reports, China GDP expanded 4.5 % YoY in Mar 2023.
• China Nominal GDP reached 4,166.8 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 0.4 % in Mar 2023.
• China GDP Per Capita reached 12,621.7 USD in Dec 2023.
• Its Gross Savings Rate was measured at 44.3 % in Dec 2023.
• For Nominal GDP contributions, Investment accounted for 42.1 % in Dec 2023.
• Private Consumption accounted for 39.2 % in Dec 2023.

In 2024, the average annual per capita consumption expenditure of households in China amounted to around ****** yuan. The consumption expenditure increased nominally by *** percent and price-adjusted by *** percent compared to the previous year.

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Households and NPISHs Final consumption expenditure (annual % growth) in China was reported at 9.6544 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Household final consumption expenditure (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

China Contribution to(GDP) Gross Domestic ProductGrowth: Final Consumption Expenditure data was reported at 2.225 % in 2024. This records a decrease from the previous number of 4.600 % for 2023. China Contribution to(GDP) Gross Domestic ProductGrowth: Final Consumption Expenditure data is updated yearly, averaging 4.600 % from Dec 1953 (Median) to 2024, with 72 observations. The data reached an all-time high of 10.500 % in 1984 and a record low of -7.253 % in 1976. China Contribution to(GDP) Gross Domestic ProductGrowth: Final Consumption Expenditure 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.

Households and NPISHs final consumption expenditure (% of GDP) in China was reported at 39.57% in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Households and NPISHs final consumption expenditure (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

China Share to(GDP) Gross Domestic ProductGrowth: Final Consumption Expenditure data was reported at 44.500 % in 2024. This records a decrease from the previous number of 85.600 % for 2023. China Share to(GDP) Gross Domestic ProductGrowth: Final Consumption Expenditure data is updated yearly, averaging 55.750 % from Dec 1953 (Median) to 2024, with 72 observations. The data reached an all-time high of 465.564 % in 1976 and a record low of -74.283 % in 1960. China Share to(GDP) Gross Domestic ProductGrowth: Final Consumption Expenditure 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.

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.

China CICC CMI: Preliminary: Domestic Consumption data was reported at 87.485 % in Mar 2025. This records an increase from the previous number of 82.155 % for Feb 2025. China CICC CMI: Preliminary: Domestic Consumption data is updated monthly, averaging 90.255 % from Jan 2009 (Median) to Mar 2025, with 195 observations. The data reached an all-time high of 126.816 % in Feb 2010 and a record low of 61.513 % in Feb 2020. China CICC CMI: Preliminary: Domestic Consumption data remains active status in CEIC and is reported by Macro Research of CICC. The data is categorized under China Premium Database’s Business and Economic Survey – Table CN.OTA: CICC Cyclical Momentum Index (CMI).

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