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.
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.
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GDP from Manufacturing in China decreased to 98344.50 CNY Hundred Million in the first quarter of 2025 from 405442.10 CNY Hundred Million in the fourth quarter of 2024. This dataset provides - China Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.
In the first 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. IT services displayed the highest sectoral growth reaching **** percent compared to *** percent in the real estate sector.
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GDP from Agriculture in China decreased to 11712.80 CNY Hundred Million in the first quarter of 2025 from 91413.90 CNY Hundred Million in the fourth quarter of 2024. This dataset provides - China Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.
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China GDP: % of GDP: Gross Value Added: Agriculture, Forestry, and Fishing data was reported at 7.120 % in 2023. This records a decrease from the previous number of 7.322 % for 2022. China GDP: % of GDP: Gross Value Added: Agriculture, Forestry, and Fishing data is updated yearly, averaging 22.252 % from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 41.643 % in 1968 and a record low of 7.043 % in 2018. China GDP: % of GDP: Gross Value Added: Agriculture, Forestry, and Fishing 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. Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. 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 origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Note: For VAB countries, gross value added at factor cost is used as the denominator.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.
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The Gross Domestic Product (GDP) in China expanded 5.40 percent in the first 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.
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China: Value added in the agricultural sector as percent of GDP: The latest value from 2023 is 7.12 percent, a decline from 7.32 percent in 2022. In comparison, the world average is 9.91 percent, based on data from 166 countries. Historically, the average for China from 1960 to 2023 is 22.03 percent. The minimum value, 7.04 percent, was reached in 2018 while the maximum of 41.64 percent was recorded in 1968.
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China GDP: SI: Industry: Manufacturing data was reported at 8,211.440 RMB bn in Mar 2025. This records a decrease from the previous number of 8,982.494 RMB bn for Dec 2024. China GDP: SI: Industry: Manufacturing data is updated quarterly, averaging 6,795.470 RMB bn from Mar 2015 (Median) to Mar 2025, with 41 observations. The data reached an all-time high of 8,982.494 RMB bn in Dec 2024 and a record low of 4,506.660 RMB bn in Mar 2015. China GDP: SI: Industry: Manufacturing 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.
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.
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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.
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China GDP: SI: Industry: Mining data was reported at 3,456.614 RMB bn in 2021. This records an increase from the previous number of 2,201.154 RMB bn for 2020. China GDP: SI: Industry: Mining data is updated yearly, averaging 2,112.619 RMB bn from Dec 2004 (Median) to 2021, with 18 observations. The data reached an all-time high of 3,456.614 RMB bn in 2021 and a record low of 762.826 RMB bn in 2004. China GDP: SI: Industry: Mining 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.AA: Gross Domestic Product.
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China GDP: Secondary Industry(SI) data was reported at 11,190.290 RMB bn in Mar 2025. This records a decrease from the previous number of 13,559.512 RMB bn for Dec 2024. China GDP: Secondary Industry(SI) data is updated quarterly, averaging 3,824.840 RMB bn from Mar 1992 (Median) to Mar 2025, with 133 observations. The data reached an all-time high of 13,559.512 RMB bn in Dec 2024 and a record low of 240.080 RMB bn in Mar 1992. China GDP: Secondary Industry(SI) 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.
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Historical chart and dataset showing China GDP by year from 1960 to 2023.
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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.
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China GDP Composition by Sector, 2016 Discover more data with ReportLinker!
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Manufacturing, value added (% of GDP) in China was reported at 24.87 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Manufacturing, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.
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.
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Industry (including construction), value added (% of GDP) in China was reported at 36.48 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Industry, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.
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China GDP: SI: Industry: Manufacturing data was reported at 26,482.040 RMB bn in 2018. This records an increase from the previous number of 24,050.540 RMB bn for 2017. China GDP: SI: Industry: Manufacturing data is updated yearly, averaging 15,645.700 RMB bn from Dec 2004 (Median) to 2018, with 15 observations. The data reached an all-time high of 26,482.040 RMB bn in 2018 and a record low of 5,174.850 RMB bn in 2004. China GDP: SI: Industry: Manufacturing 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.AA: Gross Domestic Product.
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.