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.

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.

China gdp growth rate for 2023 was 5.20%, a 2.21% increase from 2022.

<ul style='margin-top:20px;'>

<li>China gdp growth rate for 2022 was <strong>2.99%</strong>, a <strong>5.46% decline</strong> from 2021.</li>
<li>China gdp growth rate for 2021 was <strong>8.45%</strong>, a <strong>6.21% increase</strong> from 2020.</li>
<li>China gdp growth rate for 2020 was <strong>2.24%</strong>, a <strong>3.71% decline</strong> from 2019.</li>
</ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

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.

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.

China: Economic growth forecast: The latest value from 2030 is 3.38 percent, a decline from 3.7 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for China from 1980 to 2030 is 8.37 percent. The minimum value, 2.34 percent, was reached in 2020 while the maximum of 15.2 percent was recorded in 1984.

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.

China GDP: Growth data was reported at 5.678 % in 2026. This records an increase from the previous number of 5.253 % for 2025. China GDP: Growth data is updated yearly, averaging 10.520 % from Dec 1993 (Median) to 2026, with 34 observations. The data reached an all-time high of 36.342 % in 1994 and a record low of 2.742 % in 2020. China GDP: Growth 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: GDP: Growth and Contribution to Growth: Forecast: Non OECD Member: Annual. GDP_ANNPCT - Gross domestic product, nominal value, growthExpenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

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.

This study performs a meta-analysis of research that estimates the relationship between FDI and Chinese economic growth. Our sample includes 37 studies and a total of 280 estimates. We include both English- and Chinese-language studies. Our initial “raw” finding is that FDI has had a substantial, positive impact on Chinese economic growth. Furthermore, our results suggest that the effect is not inflated by endogeneity, nor impacted by publication bias. However, the positive effect is found to be smaller for more recent and better designed studies. When we adjust for preferred study and sample characteristics, we find that the estimated economic effect of FDI on Chinese economic growth is much smaller than indicated by the overall literature, and statistically insignificant. This suggests that the cause(s) of the Chinese “economic miracle” likely lie elsewhere.

The Gross Domestic Product (GDP) in China was worth 17794.78 billion US dollars in 2023, according to official data from the World Bank. The GDP value of China represents 16.88 percent of the world economy. This dataset provides - China GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. The National Bureau of Statistics provides Nominal GDP in local currency.

China GDP for 2023 was 17.795 trillion US dollars, a 0.49% decline from 2022.

<ul style='margin-top:20px;'>

<li>China GDP for 2022 was <strong>17.882 trillion US dollars</strong>, a <strong>0.34% increase</strong> from 2021.</li>
<li>China GDP for 2021 was <strong>17.820 trillion US dollars</strong>, a <strong>21.33% increase</strong> from 2020.</li>
<li>China GDP for 2020 was <strong>14.688 trillion US dollars</strong>, a <strong>2.86% increase</strong> from 2019.</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

According to a median projection in April 2025, China's GDP was expected to grow by *** percent in 2025. In the first quarter of 2020, the second-largest economy recorded the first contraction in decades due to the epidemic.  A root-to-branch shutdown of factories To curb the spread of the virus, the Chinese government imposed a lockdown in Wuhan, the epicenter, and other cities in Hubei province on January 23, 2020. A strict nationwide lockdown soon followed. Many factories remained closed in February, resulting in a plunge in manufacturing Purchasing Managers' Index (PMI). The shutdown of the “world’s factory” had severely disrupted global supply chains, especially automobile production. In March 2020, very few industrial sectors reported positive production growth.  The pharmaceuticals sector recorded a production increase, which was mainly driven by the global demand for vital medical supplies. China had exported over seven billion yuan worth of face masks. Ripple effects on global tourism Apart from the manufacturing industry, the prolonged closures of business had caused significant losses in various sectors in China. The travel and tourism sector was massively affected by a drastic decline in flight ticket sales  and hotel occupancy rates. The domestic tourism market expects a loss of 20 percent in revenues for 2020. Industry experts predicted that the global travel and tourism industry could lose about *** trillion U.S. dollars in that year. 

Key information about China Real GDP Growth

• The Gross Domestic Product (GDP) in China expanded 4.5 % YoY in Mar 2023, following a growth of 2.9 % in the previous quarter.
• Real GDP Growth YoY data in China is updated quarterly, available from Mar 1992 to Mar 2023, with an average rate of 8.8 %.
• The data reached an all-time high of 18.7 % in Mar 2021 and a record low of -6.9 % in Mar 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP Index. The National Bureau of Statistics provides Real GDP Index, at previous year prices.


Related information about China Real GDP Growth

• In the latest reports, Nominal GDP of China reached 4,166.8 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 0.4 % in Mar 2023.
• GDP Per Capita in China reached 12,732.6 USD in Dec 2022.
• Its Gross Savings Rate was measured at 46.8 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 43.5 % in Dec 2022.
• Public Consumption accounted for 16.1 % in Dec 2022.
• Private Consumption accounted for 37.2 % in Dec 2022.

China boasts the fastest growing GDP of all developed nations. Neighboring regions will have the largest middle class in history. China is building transport infrastructure to take advantage. Companies that capture market share in this region will be the largest and best performing over the next decade.

Macro Tailwinds

1) China GDP is the fastest growing of any major country with expected 5-6% over the next decade. If businesses (Alibaba, Tencent, etc..) maintain flat market share, that alone will drive 5-6% over the next decade. This is already higher than JP Morgans expectation (from their 13f filings) that the US market will perform between -5% and +5% over this coming decade.

2) The Southeast Asia Region contains about 5 billion people. China is constructing the One Best One Road which will be completed by 2030. This will grant their businesses access to the fastest and largest growing middle class in human history. Over the next 10+ years this region will be home to the largest middle class in history, potentially over 10x that of North America and Europe, based on stock price in Google Sheets.

Increasing average Chinese income.

Chinese average income has more than doubled over the last decade. Having sustained the least economic damage from the virus, this trend is expected to continue. At this pace the average Chinese citizen salary will be at 50% of the average US by 2030 (with stock price in Excel provided by Finsheet via Finnhub Stock Api), with the difference being there are 4x more Chinese. Thus a market potential of almost 2x the US over the next decade.

The Southeast Asia Region now contains the largest total number of billionaires, this number is expected to increase at an increasing rate as the region continues to develop. Over the next 10 years the largest trading route ever assembled will be completed, and China will be the primary provider of goods to 5b+ people

2013 North America was home to the largest number of billionaires. This reversed with Asia over the following 5 years. This separation is expected to continue at an increasing rate. Why does this matter? Over the next 10 years the largest trading route ever assembled will be completed, and China will be the primary provider of goods to 5b+ people

Companies that can easily access all customers in the world will perform best. This is good news for Apple, Microsoft, and Disney. Disney stock price in Excel right now is $70. But not for Amazon or Google which at first may sound contrary as the expectation is that Amazon "will take over the world". However one cannot do that without first conquering China. Firms like Alibaba and Tencent will have easy access to the global infrastructure being built by China in an attempt to speed up and ease trade in that region. The following guide shows how to get stock price in Excel.

We will explore companies using a:

1) Past

2) Present (including financial statements)

3) Future

4) Story/Tailwind

Method to find investing ideas in these regions. The tailwind is currently largest in the Asia region with 6%+ GDP growth according to the latest SEC form 4 from Edgar Company Search. This is relevant as investments in this region have a greater margin of safety; investing in a company that maintains flat market share should increase about 6% per year as the market growth size is so significant. The next article I will explore Alibaba (NYSE: BABA), and why I recently purchased a large position during the recent Ant Financial Crisis.

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.

Key information about China Labour Productivity Growth

• China Labour Productivity improved by 5.84 % YoY in Dec 2024, compared with a growth of 4.43 % in the previous year
• China Labour Productivity Growth data is updated yearly, available from Dec 1953 to Dec 2024, averaging at 7.34 %
• The data reached an all-time high of 15.12 % in Dec 1970 and a record low of -26.48 % in Dec 1961

CEIC calculates Labour Productivity Growth from annual Real GDP Index and annual Employment. The National Bureau of Statistics provides Real GDP, at 1978 prices. The Ministry of Human Resources and Social Security provides Employment. Employment excludes Foreign Nationals working within the country. Real GDP prior to 1979 is based on Real GDP PY=100.


Further information about China Labour Productivity Growth

• In the latest reports, China Population reached 1,408.28 Person mn in Dec 2024
• Its Unemployment Rate remained the same at 5.10 % in Dec 2024
• Monthly Earnings of China stood at 1,392.46 USD in Dec 2023
• The country's Labour Force Participation Rate increased to 65.83 % in Dec 2023

China Contribution to(GDP) Gross Domestic ProductGrowth: Net Export of Goods and Service data was reported at 1.515 % in 2024. This records an increase from the previous number of -0.600 % for 2023. China Contribution to(GDP) Gross Domestic ProductGrowth: Net Export of Goods and Service data is updated yearly, averaging 0.100 % from Dec 1953 (Median) to 2024, with 72 observations. The data reached an all-time high of 4.000 % in 1994 and a record low of -6.900 % in 1985. China Contribution to(GDP) Gross Domestic ProductGrowth: Net Export of Goods and Service 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.