China's share of global gross domestic product (GDP) 2009-2025
The graph shows China's share in global gross domestic product adjusted for purchasing-power-parity until 2019, with a forecast until 2025. In 2019, China's share was about 17.39 percent.
China is the largest importer and exporter of goods in the world and is also among the largest manufacturing economies in the world. 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 54 million metric tons in 2019.
Industry and construction account for almost half 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.
China's global GDP share – additional information
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 is expected at 5.8 percent in 2022. China's per capita GDP is also expected to continue to grow, reaching 10,839 U.S. dollars in 2020. Comparatively, Luxembourg and Switzerland have some of the world’s largest GDP per capita with 113,196 U.S. dollars and 83,717 U.S. dollars, respectively, as of 2019.China is the largest importer and exporter of goods in the world and is also among the largest manufacturing economies in the world. 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 54 million metric tons in 2019.
Industry and construction account for almost half 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.
