China GDP Annual Growth Rate - 2022 Data - Trading Economics

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The Chinese economy expanded 4.6% yoy in Q3 of 2024, compared with market forecasts of 4.5% and a 4.7% rise in Q2. It marked the slowest annual growth rate since Q1 2023, amid persistent property weakness, shaky domestic demand, deflation risks, and trade frictions with the West. The latest figures came as Beijing had intensified stimulus measures to boost economic recovery and rebuild confidence. In September alone, there were some positive signs: industrial output and retail sales both saw their largest increases in four months, and the urban jobless rate fell to a three-month low of 5.1%. On the trade front, however, exports rose the least in five months while imports were sluggish. In the first three quarters of the year, the economy grew by 4.8%, compared with China’s full-year target of around 5%. During the period, fixed investment rose by 3.4% yoy, topping consensus of 3.3%. source: National Bureau of Statistics of China

The Gross Domestic Product (GDP) in China expanded 4.60 percent in the third quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in China averaged 8.80 percent from 1989 until 2024, reaching an all time high of 18.70 percent in the first quarter of 2021 and a record low of -6.90 percent in the first quarter of 2020. This page provides - China GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. China GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2024.

The Gross Domestic Product (GDP) in China expanded 4.60 percent in the third quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in China is expected to be 4.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China GDP Annual Growth Rate is projected to trend around 4.50 percent in 2025, according to our econometric models.

Calendar	GMT	Reference		Actual	Previous	Consensus	TEForecast
2024-07-15	02:00 AM	GDP Growth Rate YoY	Q2	4.7%	5.3%	5.1%	5.0%
2024-10-18	02:00 AM	GDP Growth Rate YoY	Q3	4.6%	4.7%	4.5%	4.5%
2025-01-17	02:00 AM	GDP Growth Rate YoY	Q4	5%

Related	Last	Previous	Unit	Reference
Full Year GDP Growth	5.20	3.00	percent	Dec 2023
GDP Growth Rate YoY	4.60	4.70	percent	Sep 2024
GDP Constant Prices	900619.40	583168.10	CNY Hundred Million	Sep 2024
GDP from Agriculture	57733.10	30660.00	CNY Hundred Million	Sep 2024
GDP from Construction	60892.30	37771.10	CNY Hundred Million	Sep 2024
GDP from Manufacturing	302192.10	199858.10	CNY Hundred Million	Sep 2024
GDP from Services	530651.10	349646.10	CNY Hundred Million	Sep 2024
GDP from Transport	45121.40	28684.30	CNY Hundred Million	Sep 2024
GDP Growth Rate	0.90	0.70	percent	Sep 2024
Gross Fixed Capital Formation	521112.30	504835.00	CNY Hundred Million	Dec 2023
Gross National Product	1251297.00	1197250.40	CNY Hundred Million	Dec 2023

China GDP Annual Growth Rate In China, Gross Domestic Product is divided by three sectors: Primary, Secondary and Tertiary. The Primary Industry includes Farming, Forestry, Animal Husbandry, and Fishery and accounts for around 9 percent of GDP. The Secondary sector, which includes Industry (40 percent of GDP) and Construction (9 percent of GDP) is the most important. The Tertiary sector accounts for the remaining 44 percent of total output and consist of Wholesale and Retail Trades; Transport, Storage, and Post; Financial Intermediation; Real Estate; Hotel and Catering Services and Others.

Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
4.60	4.70	18.70	-6.90	1989 - 2024	percent	Quarterly

Compare GDP Annual Growth Rate by Country News Stream China Q3 GDP Growth Slightly Above Estimates The Chinese economy expanded 4.6% yoy in Q3 of 2024, compared with market forecasts of 4.5% and a 4.7% rise in Q2. It marked the slowest annual growth rate since Q1 2023, amid persistent property weakness, shaky domestic demand, deflation risks, and trade frictions with the West. The latest figures came as Beijing had intensified stimulus measures to boost economic recovery and rebuild confidence. In September alone, there were some positive signs: industrial output and retail sales both saw their largest increases in four months, and the urban jobless rate fell to a three-month low of 5.1%. On the trade front, however, exports rose the least in five months while imports were sluggish. In the first three quarters of the year, the economy grew by 4.8%, compared with China’s full-year target of around 5%. During the period, fixed investment rose by 3.4% yoy, topping consensus of 3.3%. 2024-10-18 China Q2 GDP Growth Below Estimates The Chinese economy expanded 4.7% yoy in Q2 of 2024, missing market forecasts of 5.1% and slowing from a 5.3% growth in Q1. It was the weakest yearly advance since Q1 of 2023, amid a persistent property downturn, weak domestic demand, falling yuan, and trade frictions with the West. The latest figures came as the Communist Party began the Third Plenum, a key political event in which various reform measures are likely to be launched, along with recommendations for more support action to boost recovery. The economy grew by 5.0% during the first half of the year while the government is targeting the GDP to grow around 5.0% this year. In June alone, economic indicators mostly presented a slowdown, with retail sales rising the least in almost 1-1/2 years and industrial output growth at a 3-month low. Meantime, the urban jobless rate remained unchanged at 5.0% for the third month. On the trade front, exports increased more than expected last month but imports unexpectedly shrank. 2024-07-15 China Q1 GDP Growth Beats Estimates The Chinese economy advanced 5.3% yoy in Q1 of 2024, exceeding market forecasts of 5.0% and following a 5.2% growth in the prior period. It was the steepest yearly expansion since Q2 of 2023, lifted by continued support measures from Beijing and spending related to the Lunar New Year festival. During the first three months of 2024, fixed investment grew by 4.5%, the most in nearly a year and above the consensus of 4.3%. Meanwhile, the statistics agency said the economy had made a good start, delivering a strong foundation for achieving the GDP growth target of around 5% this year. However, March data showed that industrial output and retail sales rose less than estimated, underscoring that more policy easing remains necessary for the economy. At the same time, the surveyed jobless rate came at 5.2% in March, staying near February's 7-month high of 5.3%. Tuesday's release did not include China's youth unemployment rate, which hit a record high of 21.3% in June 2023. 2024-04-16 Related China Stocks Tumble on Economic, Corporate Concerns Offshore Yuan Stabilizes Ahead of PBOC Decision China Holds LPR Rates Steady as Expected FDI into China Plunges 29.8% in Jan-October China Economy Sees Benefits from Recent Stimulus: NBS China Pumps Record Cash Since 2020 via Reverse Repos China Fixed Investment Grows Slightly Less Than Forecast China Jobless Rate Down to 5% China Retail Sales Growth Beats Forecasts China Industrial Output Growth Below Estimates Latest WTI Crude Rises on Strong US Demand and Supply Risks US 10-Year Treasury Yield Pares Losses DXY Rises Further to 2-Year High S&P and Dow Rebound After PMIs US Year-Ahead Inflation Expectations Unrevised at 2.6% TSX Hits Record High Amid Economic Stimulus US Consumer Sentiment Revised Lower But Still Holds at 7-Month High US Services Activity Soars: S&P Global US Private Sector Growth Picks Up to Over 2-1/2-Year High US Manufacturing PMI Matches Forecasts: S&P Global China United States United Kingdom Euro area China Afghanistan Albania Algeria Andorra Angola Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bosnia Botswana Brazil Brunei Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Chad Channel Islands Chile China Colombia Comoros Congo Costa Rica Cote d Ivoire Croatia Cuba Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic East Asia and Pacific East Timor Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Euro area European Union Europe and Central Asia Faeroe Islands Fiji Finland France French Polynesia Gabon Gambia Georgia Germany Ghana Greece Greenland Grenada Guam Guatemala Guinea Guinea Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Mauritania Mauritius Mayotte Mexico Micronesia Moldova Monaco Mongolia Montenegro Morocco Mozambique Myanmar Namibia Nepal Netherlands Netherlands Antilles New Caledonia New Zealand Nicaragua Niger Nigeria North Korea Norway Oman Pakistan Palau Panama Palestine Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Republic of the Congo Romania Russia Rwanda Samoa Sao Tome and Principe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Slovakia Slovenia Solomon Islands Somalia South Africa South Asia South Korea South Sudan Spain Sri Lanka Sudan Suriname Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Venezuela Vietnam Virgin Islands Yemen Zambia Zimbabwe Calendar Forecast Indicators News

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