In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Russia's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.

Between 2005 and 2020, the GDP of China grew from 2.3 trillion to 14.9 trillion U.S. dollars. During the same time period the GDP of the United States grew from 13 trillion to 20.8 trillion dollars. It is estimated that, by 2030, China will overtake the U.S. as the world's largest economy, with a GDP of 33.7 trillion dollars, compared to 30.5 trillion dollars; this margin of more than three trillion is predicted to increase to almost 13 trillion over the subsequent five year period.

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.

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 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.

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.

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 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.

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.

The Gross Domestic Product per capita in China was last recorded at 13121.68 US dollars in 2024. The GDP per Capita in China is equivalent to 104 percent of the world's average. This dataset provides - China GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Gross Domestic Product for China (MKTGDPCNA646NWDB) from 1960 to 2023 about China and GDP.

China GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing data was reported at 4.052 % in 2023. This records a decrease from the previous number of 4.203 % for 2022. China GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing data is updated yearly, averaging 3.961 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 12.900 % in 1964 and a record low of -2.200 % in 1977. China GDP: Growth: 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: Annual Growth Rate. Annual growth rate for agricultural, forestry, and fishing value added based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Agriculture corresponds to ISIC divisions 01-03 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.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.

China GDP: Growth: Gross Value Added: Services data was reported at 7.756 % in 2016. This records a decrease from the previous number of 8.194 % for 2015. China GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 9.509 % from Dec 1961 (Median) to 2016, with 56 observations. The data reached an all-time high of 19.395 % in 1984 and a record low of -25.600 % in 1961. China GDP: Growth: Gross Value Added: Services 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: Annual Growth Rate. Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Trade (% of GDP) in China was reported at 37.32 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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.

The Gross Domestic Product per capita in China was last recorded at 22137.60 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in China, when adjusted by Purchasing Power Parity is equivalent to 125 percent of the world's average. This dataset provides - China GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China GDP: USD: Net Income from Abroad data was reported at -99.049 USD bn in 2020. This records a decrease from the previous number of -33.817 USD bn for 2019. China GDP: USD: Net Income from Abroad data is updated yearly, averaging -9.110 USD bn from Dec 1981 (Median) to 2020, with 40 observations. The data reached an all-time high of 28.565 USD bn in 2008 and a record low of -99.049 USD bn in 2020. China GDP: USD: Net Income from Abroad 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. Net primary income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

The size of the five original BRICS economies in 2023 - Brazil, Russia, China, India, South Africa - is comparable to the United States and the EU-27 put together. On a PPP (purchasing power parity) basis, China ranks as the world's largest economy. India takes up the economic parity of about half the EU-27. The rise of these developing economies gave rise to questions on the role the United States plays in international trade and cross-border finance. FX reserve managers around the world expect to shift their holdings towards the Chinese yuan in the long term, as of 2023.

GDP (current US$) in China was reported at 17794783039552 USD in 2023, 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 June of 2025.

China GDP: PPP: 2017 Price data was reported at 25,684,414.532 Intl $ mn in 2022. This records an increase from the previous number of 24,938,967.814 Intl $ mn for 2021. China GDP: PPP: 2017 Price data is updated yearly, averaging 7,839,613.420 Intl $ mn from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 25,684,414.532 Intl $ mn in 2022 and a record low of 1,616,385.776 Intl $ mn in 1990. China GDP: PPP: 2017 Price 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: Purchasing Power Parity. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the country 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 constant 2017 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;