Full Year GDP Growth in China decreased to 5 percent in 2024 from 5.40 percent in 2023. This dataset includes a chart with historical data for China Full Year GDP Growth.

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 1.20 percent in the first quarter of 2025 over the previous quarter. This dataset provides - China GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP (current US$) in China was reported at 18743803170827 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

The latest data from show economic growth of 5.4 percent, which is no change from the rate of growth of 5.4 percent in the previous quarter and
an increase compared to the growth rate of 5.3 percent in the same quarter last year. The economic growth time series for China cover the period from...

A survey conducted at the end of 2024 in China shows that consumers from *******and *******cities were more optimistic than those living elsewhere in the country, with ***percent of respondents there expressing confidence in the economy. In Comparison, only ***percent of ******respondents were economically optimistic. Notably, the Generation Z was the most confident age group across all city tiers.

Key information about China Nominal GDP Growth

• China Nominal GDP Growth was reported at 4.619 % in Dec 2024.
• This records an increase from the previous number of 4.055 % for Sep 2024.
• China Nominal GDP Growth data is updated quarterly, averaging 10.768 % from Mar 1993 to Dec 2024, with 128 observations.
• The data reached an all-time high of 37.449 % in Jun 1994 and a record low of -5.321 % in Mar 2020.
• China Nominal GDP 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: Nominal GDP: Y-o-Y Growth: Quarterly.

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.

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.

This data package includes the PIIE dataset to replicate the data and charts presented in The rise of US economic sanctions on China: Analysis of a new PIIE dataset by Martin Chorzempa, Mary E. Lovely, and Christine Wan, PIIE Policy Brief 24-14.

If you use the dataset, please cite as: Chorzempa, Martin, Mary E. Lovely, and Christine Wan. 2024. The rise of US economic sanctions on China: Analysis of a new PIIE dataset, PIIE Policy Brief 24-14. Washington, DC: Peterson Institute for International Economics.

In 2024, the annual real growth of the gross domestic product (GDP) in different regions in China varied from around 6.3 percent in Tibet autonomous region to 2.3 percent in Shanxi province. The average national GDP growth ranged at 5.0 percent 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.

According to a survey conducted by Statista Consumer Insights among Generation Z in China, ** percent of respondents were trying to spend less money in light of the economic circumstances as of September 2024. In addition, ** percent of respondents felt that their cost of living has increased notably, and ** percent had been experiencing stress and anxiety. However, ** percent of respondents shared none of the worries mentioned in the survey.

Historical chart and dataset showing China GDP by year from 1960 to 2023.

Government Spending in China increased to 224396.60 CNY Hundred Million in 2024 from 222474.20 CNY Hundred Million in 2023. This dataset provides - China Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP from Services in China decreased to 195142.30 CNY Hundred Million in the first quarter of 2025 from 765582.50 CNY Hundred Million in the fourth quarter of 2024. This dataset provides - China Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the real gross domestic product (GDP) of Shanghai municipality in China increased by around *** percent from the previous year. Shanghai is the most populous city in China and has the largest GDP of all Chinese cities. It is located in Eastern China on the southern estuary at the mouth of the Yangtze river. Development of GDP growth in Shanghai As a bridgehead to global markets and a forerunner in market opening, Shanghai experienced a decades long economic boom, which massively changed the shape of the city. Economic growth rates had double digits for more than two decades since 1992 and were well above the Chinese national average. This changed fundamentally with the global financial crisis. In 2008, the growth rate fell below ten percent and gradually declined thereafter. Growth rates now got closer to the national average of GDP growth. While the economic development in Shanghai has already reached a high level, other regions in China are catching up, and growth rates in many inland regions of China are now higher than in Shanghai. This is especially true on a city level, with many lower-tier cities experiencing higher growth rates than Shanghai. Sector distribution of GDP growth Upon closer examination of the distribution of GDP across economic sectors, it becomes obvious that the service sector of the economy exhibited the highest growth rates in most of the recent years. In 2024, services already accounted for more than ** percent of the value added to the GDP, which is far above the national average. In contrast, the industrial sector, which had once been of great importance to Shanghai's economy, is losing momentum and its share in total economic output is shrinking constantly. Financial intermediation and information industries were branches in the service sector that displayed the fastest growth rates in recent years.

Remittance inflows to GDP (%) in China was reported at 0.12852 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Remittance inflows to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Regional gross domestic product (GDP) in China varies tremendously across the country. In 2024, the GDP of Guangdong province amounted to around 14.2 trillion yuan, whereas that of Tibet only reached about 276.5 billion yuan. While Guangdong has a thriving economy and is densely populated, Tibet is located in a remote mountain area and has a population of only around 3.5 million people. Regional economic differences in China China can generally be divided into four different economic macro-regions: the economically well-developed coastal parts in Eastern China, the less-developed Central and Northeastern China, and the developing region of Western China. This division is reflected in the figures for regional per capita GDP. The coastal parts of China are not only economically more advanced, but also have a considerably higher population density. This is the result of climatic conditions on the one hand and China's firm integration into the global economy on the other. International companies were initially attracted by special economic zones set up in coastal areas during China's market opening, and well-connected, highly developed urban areas of Eastern China are still favored by international businesses. Prospects for future development The Chinese government has long since been aware of the economic disparities in the country and the political unrest they might stir. Major efforts have been made to improve the conditions in less developed regions. The situation in Central and Western China has improved considerably in the last two decades, and rural poverty decreased on a striking scale. In recent years, growth rates in the west of China have even been higher than in coastal areas. However, the constraints of the global economy remain, and it is very likely that Eastern China will stay ahead in international markets in the foreseeable future.

■Objectives and Overview China's political, economic and social structure is unique, and under the leadership of the Communist Party of China, not only the central government agencies but also local administrations have the power to influence markets and businesses at the provincial, municipal, autonomous and municipal levels. In China, therefore, there are innumerable priority policies and projects in various fields, not only in the central government but also in each local administration, and there is also a vast amount of information on policies and legal systems related to them. In order for our country's domestic industries to conduct transparent and fair business in China, it is essential to collect and analyze sufficient background information on Chinese policies, to foster Chinese understanding of Japanese legal systems and the technology of private companies, and to develop a business environment that enables Taiwan's excellent products and services to be deployed in China on a business basis. At present, business and dialogue exchanges between the public and private sectors are taking place between Japan and China at various levels and fields. In order to build a "constructive and stable Japan-China relationship," it will be important to continue to accelerate these efforts. By subsidizing projects to promote economic exchanges between our country and China, we aim to improve the investment environment in China, encourage Japanese industries to develop their business in the Chinese market, and contribute to the smooth development of economic trade between Japan and China. In light of this, grant will be implemented through a combination of a survey project (1), a seminar matching project (2), and a high-level exchange project (3).

■ Eligibility The following requirements must be met: * For consortium-style applications, you must select an organizer and the organizer must submit a business proposal. (However, the organizer cannot entrust all the work to another person.) (1) Must be based in Japan. (2) The Company has the organization, personnel, etc. to perform the Business properly. (3) The applicant has a management base necessary for the smooth execution of the Project and sufficient management capability for funds, etc. (4) The applicant is not subject to suspension of grant issuance, etc. or suspension of designation from the Ministry of Economy, Trade and Industry. (5) To cooperate with the Ministry of Economy, Trade and Industry's efforts on EBPM . () Evidence Based Policymaking refers to making policy planning based on clear policy objectives and evidence, rather than relying on ad hoc anecdotes. The promotion of EBPM, which selects effective policies based on accurate analysis of various statistics given limited budget for grants resources, has been included in the government's Basic Policies for Economic and Fiscal Management and Reform every year since 2017, and is expected to increase in importance going forward. (6) Have a good record of activities in China (Exchange programs, surveys and research, etc.) and have a good cooperative relationship with the Communist Party of China and other central and local government agencies. (7) Possess the ability and background to plan and execute business in China as a whole and in a wide range of fields based on a thorough understanding of the needs of Japanese companies and industries that have already or are planning to enter China.

■ Information session date Wednesday, July 10, 2024 at 15:00 If you would like to attend the information session, please register your contact information (Organization and department, signature, name of person in charge, telephone number, e-mail address) in the contact information below. If Microsoft Teams is not available, let us know and add a contact so we can share the summary.

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