Quarterly gross domestic product (GDP) growth rate in China from 2nd quarter 2012 to 2nd quarter 2014
Please log in if you already have an account.
|Compared to the same quarter of the previous year||Compared to the previous quarter (seasonally adjusted)|
Sign Up for Account
Sign Up for Account
This statistic shows the quarterly growth of the real gross domestic product (GDP) in China from the second quarter of 2012 to the second quarter of 2014. In the second quarter of 2012, the growth of the real GDP in China was 7.6 percent compared to the same quarter of the previous year. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. br>
GDP growth in China – additional information
In 2013, China ranged among the top three countries with the largest gross domestic product worldwide. Since the introduction of economic reforms in 1978, the country has experienced rapid social and economic development. In 2013, it became the world’s largest trading nation, overtaking the United States. However, per capita GDP in China was still much lower than that of industrialized countries.
The annual growth rate of China’s GDPhad constantly been above nine percent until 2011. According to projections of the IMF, the annual GDP growth will slow down further until 2019. Rising domestic wages and the competitive edge of other Asian and African countries are seen as main reasons for the stuttering in China’s economic engine. One strategy of the Chinese government to overcome this transition is a gradual shift of economic focus from industrial production to services.
Another major challenge lies in the massive environmental pollution that China’s reckless economic growth has caused over the past decades. China’s development has been powered mostly by coal consumption, which resulted in high air pollution. To counteract industrial pollution, further investments in waste management and clean technologies are necessary. In 2012, only 1.59 percent of GDP was spent on pollution control. Surging environmental costs aside, environmental issues could also be a key to industrial transition as China placed major investments in renewable energy and clean tech projects. The consumption of green energy skyrocketed from 0.8 million metric tons of oil equivalent in 2003 to 42.9 million in 2013.
- Countries with the highest growth of the gross domestic product (GDP) 2014Countries with the highest growth of the gross domestic product (GDP) 2014
- Growth of the global gross domestic product (GDP) 2014Growth of the global gross domestic product (GDP) 2014
- Forecast on gross domestic product (GDP) growth in selected countries until 2014Forecast on gross domestic product (GDP) growth in selected countries until 2014
- Gross domestic product (GDP) growth forecast in selected countries until 2014Gross domestic product (GDP) growth forecast in selected countries until 2014
- Gross domestic product (GDP) growth in selected world regions until 2014Gross domestic product (GDP) growth in selected world regions until 2014
- United States - monthly inflation rate August 2014United States - monthly inflation rate August 2014
- New York metro area - GDP 2001-2013New York metro area - GDP 2001-2013
- Los Angeles metro area - GDP 2001-2013Los Angeles metro area - GDP 2001-2013
- Satisfaction with gun policy in the US 2014Satisfaction with gun policy in the US 2014
- Monthly family expenditure in the United Kingdom (UK) 2012-2013, by family typeMonthly family expenditure in the United Kingdom (UK) 2012-2013, by family type
- Population of the U.S. by ethnicity 2000-2013Population of the U.S. by ethnicity 2000-2013