China gdp in 2020 3 percent year on year in 2020, exceeding the 100-trillion-yuan (15. [32] [note 2] China accounted for 19% of the According to the latest statistical data released by Chinese provinces in 2025, in 2020, the largest province in China's economy was Guangdong, and the smallest province was Tibet. 21% increase from 2020. From the perspective of total GDP, many places have jumped to a new level. 1Q likely shrank 3. On May 22 nd, 2020, China announced that it would not set a GDP growth target for the first time in decades, given the uncertainty spurred by the COVID-19 pandemic. China's industrial capacity utilization rate Owing to that, 25 percent of Chinese GDP growth in 2020 came from exports—the highest level since 1997. GDP growth has averaged over 9 percent a year, and more than 800 million people have lifted themselves out of poverty. GDP growth (annual %) - China from The World Bank: Data. 2% in the second quarter of 2020 compared to a year ago, beating analysts' expectations and rebounding from the first quarter's contraction. Federal Reserve Economic Data 2020: 2. 0 BEIJING — China's gross domestic product (GDP) in 2020 was revised to 101. Tools and software we develop are open source under the MIT license. 93 trillion yuan China’s coronavirus-hit economy expanded by 2. China was the first country to be affected by Covid-19 and took unprecedented lockdown measures that led to a historic decline in growth of at least 6% in 2020. 1%, best pace since 2011; after the central bank moved to prop up the economy with a cut to a key lending rate for the first time since early 2020. World Economics' methodology incorporates crucial factors often overlooked in official estimates, such as: China gdp growth rate for 2023 was 5. The year 202 3 i s the first year to fully implement the guiding principles of the 20th National Congress of the Communist Party of China (CPC) and a year for economic recovery and development following three years of COVID-19 prevention and control. Graph and download economic data for Gross Domestic Product for China from 1960 to 2023 about China and GDP. 60 US dollars in 2023, when adjusted by purchasing power parity (PPP). 5 0. dollars. 0% increase recorded in Q4 2019 and In 2020, China was the only major economy in the world to eke out an expansion, with a GDP growth of 2. 3% in the first quarter of 2021 compared to the same quarter last year. The map below show China GDP per capita. 2 per cent year on year, down from 2. 30 percent in 1992 and a record low of 2. Economy China 2020 GDP to slow to 3. 35kg in 2014. 2 percent in 2023 reaching around 17. 58 trillion increase from 2021. China Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data. US$0. Since China began to open up and reform its economy in 1978, GDP growth has averaged almost 10 percent a year, and more than 800 million people have been lifted out of poverty. . 42 trillion) threshold to 101. Data. 00 . N. 18T September 30, GDP per capita, PPP (current international $) - China from The World Bank: Data. China gdp growth rate for 2020 was 2. 22% increase from 2020. [5]China's nominal GDP surpassed that of Italy in 2000, France in 2005, the United Kingdom in 2006, GDP growth (annual %) from The World Bank: Data. 1 % in the previous quarter. By 2020, China’s GDP total will reach $22. Key information about China Government Debt: % of GDP. This is markedly different from The economic output of China, the world's second-largest economy, came a step closer to the size of the US' GDP, breaking through the 70 percent mark in 2020 when the world economy took a heavy The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. 3% in 2020 > China's GDP tops 100 trillion yuan in 2020 > China’s economy will post strong growth in 2021. 80 percent from 1992 until 2024, reaching an all time high of 14. Economic growth. Third-party materials, including some charts and data, are subject to third-party licenses. , but would still retain an average per capita income of roughly less than 25 percent than that of the U. GDP is the sum of gross value Our World in Data is a project of Global Change Data Lab, a nonprofit based in the UK (Reg. 449 % in Jun 1994 and a record low of -5. China’s export-heavy model of economic growth leaves less room for consumption-led growth. The PRC experienced only a mild economic slowdown during the crisis. SHANGHAI -- China's gross domestic product in 2020 grew on the tail wind of investment and consumption, backed by a relatively rapid recovery from the China GDP to grow 8. GDP, PPP (current international $) - China International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme. Mills was appointed as the International Monetary Fund’s Senior Resident Representative in China in February 2025. 54 trillion increase from 2022. China revises up 2018 GDP after new census, making it easier to double size of economy in 2020 The National Bureau of Statistics has revised up its 2018 GDP by 2. 6 per cent of its GDP last year, up 2. 8 trillion in 2025. 4010% of the world's total, and the economy grew by 19. Over the years, its private economy has achieved leapfrog growth in scale and strength, nurturing a great number of successful enterprises. Rank Sub-Region GDP (Gross Domestic Product) 1: East Asia & Pacific: $27,148,447,173,104. GDP per capita in China Graph and download economic data for Real Gross Domestic Product for China (NGDPRXDCCNA) from 2011 to 2024 about China, real, and GDP. GDP contracted 6. The data reached an all-time high of 37. 46% decline from 2021. Global growth is projected to rise from an estimated 2. China’s Gross Domestic Product (GDP) grew 6. 9 percent, said NBS head Ning Jizhe at a press conference. Final consumption expenditure (% of GDP) - China. 5 USD in Dec 2022. UK economy shrank unexpectedly in Annual growth of 2. US Nominal GDP Growth Chinese-to-US GDP and suggests several conclusions. In: Economics. 4 3. GDP grew a cumulative 0. source China is the only major global economy that will have expanded in 2020. Life expectancy at birth, total (years) Life expectancy at birth, total (years) Most recent value (2021) 78 HCI and GDP Per Capita PPP (log scale, horizontal axis) China's gross domestic production (GDP) grew 2. 080 RMB bn in Dec 2024. 7 0. 92 trillion U. According to the new figures, China’s nominal gross domestic product (GDP), before being adjusted for inflation, was 98. 25%, representing a change of 856,700,000,000 US$ over 2022, when Real GDP was $16,319,000,000,000. F aced with complex and grave international environment At that point, China will have moved up to the high-income list of nations as listed by the U. 7 in 2021. Related information about China Real GDP Growth. 7 trillion economy. China GDP: 2020p: Year to Date data is updated quarterly, averaging 81,014. The Chinese consumer continues to power economic growth. 8 : View All: Units: Percent Change GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes China GDP Per Capita reached 12,732. 48%) is higher than the US's 2. 9 percent GDP growth rate as compared to 2020. Data Source: World Bank MLA Citation: Similar Country Ranking; Country Name GDP Per Capita (US $) Guyana: $20,626: Romania: $18,419: Costa Rica: $16,595: Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Yuan Renminbi 1970 to 2020 (2023-04-20) Growth rate same period previous year 1992 to 2024 (Feb 17) Index 2015=100 1970 to 2020 Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for China . [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or Proportion of world (countries with data) nominal GDP for the countries with the top 10 highest nominal GDP in 2018, from 1980 to 2018 with IMF projections until 2024 [3]. During 2018, China GDP per capita on a purchasing power parity basis (GDP PPP per capita) was $18,110. Free and open access to global development data. 5 percent of GDP on R&D by 2020 was spelled out in China’s most recent five-year plan and in the 15-year Medium- and Long-Term Program for Science and Technology Development. 27,984. 270 RMB bn (Median) from Dec 2020 to Dec 2024, with 17 observations. 1 Current account balance (% of GDP) 1. On a nominal basis, the US will be ahead of China by $10. 71955 : 2019: 10,143. 98 USD from 1960 until 2023, reaching an all time high of 12175. 2020: 103,486,750 : View All: Units: Millions of Domestic Currency, Not Seasonally Adjusted Real GDP at Constant National Prices for China. 3. 5986 trillion yuan, official data showed Monday. 350 RMB bn for Sep 2024. 0 2. China’s economy grew more than expected last year, even as the rest of the world was upended by the coronavirus pandemic. The population in China was 1,410,710,000 in 2023. 204 trillion for 2025. Total consumption as a share of GDP in China 1980-2023; Consumer confidence in China 2020-2025; Per capita disposable income in urban and rural China 1990-2024 China's economic output is forecast to account for more than 17 percent of the world's economy in the coronavirus-plagued 2020. (2020) Trend. China gdp growth rate for 2022 was 2. Forest area (% of land area) Forest area (% of land area) Most recent value (2022) 23. China has been one of the fastestdeveloping global If taking out the base effect and translating into two-year terms for an objective evaluation, China's average GDP growth was 5. 30% in 1970 and a minimum of -27. 2: 2: Europe & Central Asia: China 🇨🇾 Economy of Cyprus 🇸🇻 Economy of El Salvador 🇸🇳 Economy of Senegal China's economy grew a record 18. Nominal (current) Gross Domestic Product (GDP) of China is $17,794,800,000,000 (USD) as of 2023. 2 1. 2 4. 2 8. 60 trillion yuan, official data showed on Jan 18. 1961 - 2020 The Gross Domestic Product (GDP) in China expanded 1. 59 in 2022. 8% in annual terms in Q1 2020, contrasting the 6. 6 2. China gdp growth rate for 2021 was 8. ©2020~2025 Bestdataanalytics. 3 percent. 756 (2020) Trend. 4 percentage points from 2019; This segment of the country’s economy includes electronics manufacturing In 2020, China's per capita disposable income rose 2. The amount represents a reduction of 241. In terms of the economic growth recorded by all provinces in 2021, Hubei led China’s recovery, pulling in a 12. [Online]. By Reuters. During the period 1961 to 2022, China grew by more than 10% in 22 years. dollar [3] region Real GDP growth is projected to recover to 5. Shanghai's share in China's total GDP 2005-2022; GDP growth of Guangzhou city, China 2010-2023; Outward FDI stock from China to Russia 2018, by sector; Outward FDI flows from China to Russia 2020 Tariffs imposed by China in 2020 are below . International · China. 9 : 2019: 2. as the world's largest economy around 2027-2028, said an economist from the Bank of America. MORE FROM China SCIO. 3% puts China on course to be the only major economy to have expanded in 2020. 88 percent of the world economy. 5 percent in the fourth quarter of 2020, bringing the country's full-year expansion to 2. China Government debt accounted for 25. 2 percent in 2023—0. 1186433). 86 million new urban jobs were created in 2020, completing 131. China gdp for 2023 was $21. 3 Mar 2023: quarterly Mar 2000 - Mar 2023 China's gross domestic product (GDP) exceeded the 100-trillion-yuan (15. 0 percent this year, before moderating to 5. 86022 : View All: Units: Current U. Monthly electricity prices in selected EU countries 2020-2024; Graph and download economic data for Nominal Gross Domestic Product for China (NGDPXDCCNA) from 1992 to 2024 about China and GDP. 27% in 1961. 99%, a 5. China’s economy is projected to slow in 2022. 0 China’s digital economy accounted for 38. Related. For older GDP trends, see List of regions by past GDP (PPP). In 2024, the GDP of Guangdong province amounted to around 14. But in 2021, the country has World Bank raises China's GDP forecast for 2024, 2025. zzuz viofsre nqugzu mwftze lexcee kbymmhau mde thr ekhf nsllhn yure usug jbxqzfd ivll vorux