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.

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.

GDP from Construction in China decreased to 14429.90 CNY Hundred Million in the first quarter of 2025 from 89949.30 CNY Hundred Million in the fourth quarter of 2024. This dataset provides - China Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

China Contribution to(GDP) Gross Domestic ProductGrowth: Tertiary Industry data was reported at 2.810 % in 2024. This records a decrease from the previous number of 3.500 % for 2023. China Contribution to(GDP) Gross Domestic ProductGrowth: Tertiary Industry data is updated yearly, averaging 3.800 % from Dec 1978 (Median) to 2024, with 47 observations. The data reached an all-time high of 6.700 % in 2007 and a record low of 0.800 % in 1990. China Contribution to(GDP) Gross Domestic ProductGrowth: Tertiary Industry 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.

China GDP: % of Manufacturing: Medium and High Tech Industry data was reported at 41.451 % in 2019. This stayed constant from the previous number of 41.451 % for 2018. China GDP: % of Manufacturing: Medium and High Tech Industry data is updated yearly, averaging 41.451 % from Dec 1990 (Median) to 2019, with 30 observations. The data reached an all-time high of 43.881 % in 2002 and a record low of 35.226 % in 1993. China GDP: % of Manufacturing: Medium and High Tech Industry 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. The proportion of medium and high-tech industry value added in total value added of manufacturing; ; United Nations Industrial Development Organization (UNIDO), Competitive Industrial Performance (CIP) database; ;

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.

China Contribution to(GDP) Gross Domestic ProductGrowth: Secondary Industry data was reported at 1.930 % in 2024. This records an increase from the previous number of 1.600 % for 2023. China Contribution to(GDP) Gross Domestic ProductGrowth: Secondary Industry data is updated yearly, averaging 4.700 % from Dec 1978 (Median) to 2024, with 47 observations. The data reached an all-time high of 9.000 % in 1992 and a record low of 0.800 % in 2022. China Contribution to(GDP) Gross Domestic ProductGrowth: Secondary Industry 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 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.

In 2023, the construction industry accounted for about *** percent of China's gross domestic product (GDP), representing a continuation of the figure from the previous year.

A vital industry for the economy Since the 1998 housing reform, China's real estate industry has expanded dramatically and has become one of the country's pillar industries. Similarly, China's infrastructure construction has also boomed since the early 2000s. To mitigate the impact of the 2008 global financial crisis and maintain the country's economic output, the Chinese government launched a four trillion yuan stimulus plan and invested substantial resources in infrastructure development across the country, such as high-speed railway and highway projects. These developments have all made the construction industry one of the most important segments of the Chinese economy.

An important employer nationwide The construction industry also plays a key role in China's labor market, with more than ********** people employed in the sector in 2023. It is also one of the top sectors for China's migrant workers, with more than ** percent working in construction in 2023. However, due to the challenging working environment, more and more young migrant workers are choosing to work in other professions, such as couriers and food delivery. With China's real estate sector facing significant headwinds, infrastructure construction stagnating, and local governments now under substantial fiscal pressure, the future of China's construction industry is becoming increasingly uncertain.

China Contribution to(GDP) Gross Domestic ProductGrowth: Primary Industry data was reported at 0.260 % in 2024. This records a decrease from the previous number of 0.300 % for 2023. China Contribution to(GDP) Gross Domestic ProductGrowth: Primary Industry data is updated yearly, averaging 0.500 % from Dec 1978 (Median) to 2024, with 47 observations. The data reached an all-time high of 3.900 % in 1984 and a record low of -0.400 % in 1980. China Contribution to(GDP) Gross Domestic ProductGrowth: Primary Industry 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.

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.

China manufacturing output for 2023 was 4.659 trillion US dollars, a 3.74% decline from 2022.

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

<li>China manufacturing output for 2022 was <strong>4.840 trillion US dollars</strong>, a <strong>1.41% decline</strong> from 2021.</li>
<li>China manufacturing output for 2021 was <strong>4.909 trillion US dollars</strong>, a <strong>27.15% increase</strong> from 2020.</li>
<li>China manufacturing output for 2020 was <strong>3.861 trillion US dollars</strong>, a <strong>0.97% increase</strong> from 2019.</li>
</ul>Manufacturing refers to industries belonging to ISIC divisions 15-37. 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 3. Data are in current U.S. dollars.

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.

China Share to(GDP) Gross Domestic ProductGrowth: Tertiary Industry data was reported at 59.100 % in Mar 2025. This records an increase from the previous number of 57.500 % for Dec 2024. China Share to(GDP) Gross Domestic ProductGrowth: Tertiary Industry data is updated quarterly, averaging 46.300 % from Mar 1992 (Median) to Mar 2025, with 133 observations. The data reached an all-time high of 75.000 % in Mar 2023 and a record low of 25.400 % in Sep 1995. China Share to(GDP) Gross Domestic ProductGrowth: Tertiary Industry 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.

China Share to(GDP) Gross Domestic ProductGrowth: Secondary Industry data was reported at 38.300 % in Mar 2025. This records an increase from the previous number of 35.700 % for Dec 2024. China Share to(GDP) Gross Domestic ProductGrowth: Secondary Industry data is updated quarterly, averaging 49.500 % from Mar 1992 (Median) to Mar 2025, with 133 observations. The data reached an all-time high of 67.500 % in Sep 1994 and a record low of 7.400 % in Jun 2022. China Share to(GDP) Gross Domestic ProductGrowth: Secondary Industry 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.

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.

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.

China Share to(GDP) Gross Domestic ProductGrowth: Year to Date: Primary Industry data was reported at 2.600 % in Mar 2025. This records a decrease from the previous number of 5.200 % for Dec 2024. China Share to(GDP) Gross Domestic ProductGrowth: Year to Date: Primary Industry data is updated quarterly, averaging 3.800 % from Mar 1992 (Median) to Mar 2025, with 133 observations. The data reached an all-time high of 21.200 % in Sep 2020 and a record low of -3.300 % in Jun 2020. China Share to(GDP) Gross Domestic ProductGrowth: Year to Date: Primary Industry 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.

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.

This statistic shows the GDP share of the cultural industry in China from 2013 to 2023. In 2023, China's cultural industry's value added accounted for approximately **** percent of the national gross domestic product, up from a **** percent share in 2022.