Gross domestic product (GDP) growth rate in China 2011-2024
China: growth rate of real gross domestic product (GDP) from 2011 to 2024
The graph shows the change in real gross domestic product (GDP) in China until 2018, with IMF forecasts until 2024. In 2018, China's real GDP change amounted to about 6.6 percent.
Real GDP growth rate in China – additional information
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 2017, 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 19.5 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.
Another key 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 421.4 billion U.S. dollars in 2017.
China: growth rate of real gross domestic product (GDP) from 2011 to 2024
Loading statistic...
| GDP year-on-year change | |
|---|---|
| 2024* | 5.5% |
| 2023* | 5.6% |
| 2022* | 5.7% |
| 2021* | 6% |
| 2020* | 6.1% |
| 2019* | 6.3% |
| 2018 | 6.6% |
| 2017 | 6.8% |
| 2016 | 6.7% |
| 2015 | 6.9% |
| 2014 | 7.3% |
| 2013 | 7.8% |
| 2012 | 7.9% |
| 2011 | 9.5% |
Source
More information
Statistics on "Key Economic Indicators of China"
Discover Statista
Need help with using Statista for your research?
Tutorials and first steps
Further Content: Statistics, Studies, and Topic Pages
Statistics
- Forecast on the GDP growth by world regions until 2018
- Change of the gross domestic product (GDP) of the euro area up to 2019
- Quarterly growth of gross domestic product (GDP) in France 4th quarter 2018
- Gross domestic product (GDP) growth in the G20 states 4th quarter 2018
- GDP growth in EU countries compared to same quarter previous year 4th quarter 2018
- Forecast of the gross domestic product (GDP) growth in the euro countries 2020
- Quarterly gross domestic product (GDP) growth rate in the UK 4th quarter 2018
- Gross domestic product (GDP) growth rate in Japan 4th quarter 2018
- Gross domestic product (GDP) growth in India 4th quarter 2018
- Gross domestic product (GDP) growth in the G20 4th quarter 2018
- Gross domestic product per capita in the CLMV region 2010-2017
- Gross domestic product (GDP) in the ASEAN 6 2009-2017
- Italy: gross domestic product (GDP) in 2015, by region
- Gross domestic product (GDP) in the ASEAN region 2009-2017
- GDP per capita in the ASEAN 6 2010-2017
- Luxembourg: gross domestic product (GDP) per capita in PPS 2005-2017
- U.S. Economic Confidence Index: December 2017
- Growth rate in GDP per capita in India 2014-2016 by city
- Growth rate of value added in services in the Philippines 2012-2018
- Growth rate of value added in services in Pakistan 2012-2018
Statistics on "Key Economic Indicators of China"
Related topics
About Statista
