The Chinese economy grew by 1.6 percent quarter-on-quarter in the three months to September 2018, compared to a 1.7 percent expansion in the previous period and matching market estimates. GDP Growth Rate in China averaged 1.80 percent from 2010 until 2018, reaching an all time high of 2.40 percent in the first quarter of 2011 and a record low of 1.40 percent in the first quarter of 2016.

GDP Growth Rate in China is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in China to stand at 1.60 in 12 months time. In the long-term, the China GDP Growth Rate is projected to trend around 1.10 percent in 2020, according to our econometric models.

China GDP Growth Rate
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-01-18 07:00 AM GDP Growth Rate QoQ 1.6% 1.8% 1.6% 1.70%
2018-04-17 02:00 AM GDP Growth Rate QoQ 1.4% 1.6% 1.5% 1.5%
2018-07-16 02:00 AM GDP Growth Rate QoQ 1.8% 1.4% 1.6% 1.4%
2018-10-19 02:00 AM GDP Growth Rate QoQ 1.6% 1.8% 1.6% 1.5%
2019-01-10 02:00 AM GDP Growth Rate QoQ 1.6% 1.30%
2019-04-17 02:00 AM GDP Growth Rate QoQ 1.30%
2019-07-16 02:00 AM GDP Growth Rate QoQ 1.40%



China Economy Expands 1.6% QoQ in Q3



The Chinese economy grew by 1.6 percent quarter-on-quarter in the three months to September 2018, compared to a 1.8 percent expansion in the previous period and matching market estimates.

Year-on-year, the economy advanced 6.5 percent in the third quarter of 2018, after a 6.7 percent growth in the previous three quarters and missing market expectations of 6.6 percent. It was the lowest growth rate since the aftermath of the global financial crisis in the first quarter of 2009, amid intense tariff dispute with the US and and alarming off-balance-sheet borrowings by local governments.

For 2018, the Chinese government targets growth at around 6.5 percent.

In 2017, the economy expanded by 6.9 percent, beating the government target of around 6.5 percent and following a 26-year low of 6.7 percent in 2016.


National Bureau of Statistics l Rida | rida@tradingeconomics.com
10/19/2018 2:30:18 PM



China GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.60 1.70 2.40 1.40 percent [+]
GDP Annual Growth Rate 6.50 6.70 15.40 3.80 percent [+]
GDP 12237.70 11190.99 12237.70 47.21 USD Billion [+]
Gross National Product 824828.40 740598.70 824828.40 679.00 CNY HML [+]
Gross Fixed Capital Formation 346440.80 318083.60 346440.80 80.70 CNY HML [+]
GDP per capita 7329.09 6894.50 7329.09 132.00 USD [+]
GDP per capita PPP 15308.71 14400.90 15308.71 1526.40 USD [+]
GDP Constant Prices 650899.00 418961.10 827121.70 5262.80 CNY HML [+]
GDP From Agriculture 42173.00 22087.00 65467.60 649.30 CNY HML [+]
GDP From Construction 41590.00 25169.20 55689.00 181.90 CNY HML [+]
GDP From Manufacturing 222165.00 144656.40 279996.90 2207.80 CNY HML [+]
GDP From Services 345773.00 227575.60 427031.50 2212.70 CNY HML [+]
GDP From Transport 29556.00 19042.10 36802.70 393.20 CNY HML [+]


China GDP Growth Rate

In China, the growth rate in GDP measures the change in the seasonally adjusted value of the goods and services produced by the Chinese economy during the quarter. As China’s traditional growth engines of manufacturing and construction are slowing down, services have emerged as the new driver. In the last few quarters strength in services and consumption helped to offset weaker manufacturing and exports. . This page provides - China GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. China GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.70 2.40 1.40 2010 - 2018 percent Quarterly




Country Last Previous
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
Singapore 3.00 Sep/18
South Africa 2.20 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Russia 0.90 Jun/18
Brazil 0.80 Sep/18
Mexico 0.80 Sep/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
Canada 0.50 Sep/18
France 0.40 Sep/18
Australia 0.30 Sep/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Saudi Arabia -0.05 Mar/18
Italy -0.10 Sep/18
Germany -0.20 Sep/18
Switzerland -0.20 Sep/18
Japan -0.60 Sep/18
Turkey -1.10 Sep/18
Argentina -4.00 Jun/18


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