China GDP Growth Rate

The Chinese economy grew by a seasonally adjusted 1.6 percent on quarter in the three months to June 2019, accelerating from a 1.4 percent expansion in the previous period and beating market consensus of 1.5 percent. That was the fastest pace of expansion since the third quarter of 2018. GDP Growth Rate in China averaged 1.77 percent from 2010 until 2019, 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 1.50 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 1.30 in 12 months time. In the long-term, the China GDP Growth Rate is projected to trend around 1.30 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-10-19	02:00 AM	GDP Growth Rate QoQ Q3	1.6%	1.8%	1.6%	1.5%
2019-01-21	02:00 AM	GDP Growth Rate QoQ Q4	1.5%	1.6%	1.5%	1.5%
2019-04-17	02:00 AM	GDP Growth Rate QoQ Q1	1.4%	1.5%	1.4%	1.4%
2019-07-15	02:00 AM	GDP Growth Rate QoQ Q2	1.6%	1.4%	1.5%	1.4%
2019-10-18	02:00 AM	GDP Growth Rate QoQ Q3		1.6%		1.5%

China Economy Expands 1.6% QoQ in Q2

The Chinese economy grew by a seasonally adjusted 1.6 percent on quarter in the three months to June 2019, accelerating from a 1.4 percent expansion in the previous period and beating market consensus of 1.5 percent.

That was the fastest pace of expansion since the third quarter of 2018.

Year-on-year, economy advanced 6.2 percent year-on-year in the second quarter, slowing from a 6.4 percent expansion in the previous three-month period and matching market expectations. It was the lowest growth rate since the first quarter of 1992, amid ongoing trade tensions with the US, weakening global demand and alarming off-balance-sheet borrowings by local governments.

Statistics China | Rida Husna | rida@tradingeconomics.com
7/15/2019 8:37:39 AM

News

China Quarterly GDP Growth Weakest in 3 Years
The Chinese economy grew by 1.4 percent quarter-on-quarter in the three months to March 2019, compared to a 1.5 percent expansion in the previous period and in line with market estimates. It was the weakest quarterly growth rate since the first quarter of 2016.
Published on 2019-04-17

China Quarterly GDP Growth Weakest in 3 Quarters
The Chinese economy grew by 1.5 percent quarter-on-quarter in the three months to December 2018, compared to a 1.6 percent expansion in the previous period and in line with market estimates. It was the weakest pace of quarterly expansion since the first quarter of the year.
Published on 2019-01-21

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.
Published on 2018-10-19

China Economy Expands 1.8% QoQ in Q2
The Chinese economy grew by 1.8 percent quarter-on-quarter in the three months to June of 2018, compared to a 1.4 percent expansion in the previous period and beating market estimates of a 1.6 percent growth. It was the fastest quarterly expansion since the September quarter 2017.
Published on 2018-07-16

China GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	1.60	1.40	2.40	1.40	percent	[+]
GDP Annual Growth Rate	6.20	6.40	15.40	3.80	percent	[+]
GDP	13608.15	12143.49	13608.15	47.21	USD Billion	[+]
Gross National Product	896915.60	820099.50	896915.60	679.10	CNY HML	[+]
Gross Fixed Capital Formation	380771.80	349368.80	380771.80	80.70	CNY HML	[+]
GDP per capita	7755.00	7308.10	7755.00	132.30	USD	[+]
GDP per capita PPP	16186.80	15254.00	16186.80	1522.00	USD	[+]
GDP Constant Prices	450933.00	213432.80	900309.50	5262.80	CNY HML	[+]
GDP From Agriculture	23207.00	8769.40	64734.00	649.30	CNY HML	[+]
GDP From Construction	27465.60	10528.60	61808.00	181.90	CNY HML	[+]
GDP From Manufacturing	152993.70	72039.80	305160.00	2207.80	CNY HML	[+]
GDP From Services	247743.00	122316.90	469574.60	2212.70	CNY HML	[+]
GDP From Transport	20494.80	9552.80	40550.00	393.20	CNY HML	[+]

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 August of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	1.60	1.40	2.40	1.40	2010 - 2019	percent	Quarterly	SA

Export Data API

Country	Last		Previous	Range
Indonesia	4.20	Jun/19	-0.52	4.21 : -3.57	%
United States	2.10	Jun/19	3.1	16.7 : -10	%
China	1.60	Jun/19	1.4	2.4 : 1.4	%
India	1.60	Dec/18	1.5	5.4 : -1.7	%
Turkey	1.30	Mar/19	-2.4	5.6 : -5.2	%
South Korea	1.10	Jun/19	0.9	7.8 : -7	%
Saudi Arabia	1.07	Dec/18	1.49	8.51 : -2.14	%
Switzerland	0.60	Mar/19	0.3	2.4 : -1.9	%
Netherlands	0.50	Jun/19	0.5	1.7 : -3.6	%
Spain	0.50	Jun/19	0.7	1.6 : -1.6	%
Australia	0.40	Mar/19	0.2	4.4 : -2	%
Japan	0.40	Jun/19	0.7	3.2 : -4.8	%
Euro Area	0.20	Jun/19	0.4	1.3 : -3	%
France	0.20	Jun/19	0.3	8 : -5.3	%
Canada	0.10	Mar/19	0.1	3.1 : -2.3	%
Mexico	0.10	Jun/19	-0.2	3.2 : -5.7	%
Italy	0.00	Jun/19	0.1	6 : -2.7	%
Germany	-0.10	Jun/19	0.4	4 : -4.5	%
Argentina	-0.20	Mar/19	-1.3	5 : -5.7	%
Brazil	-0.20	Mar/19	0.1	4 : -4	%
United Kingdom	-0.20	Jun/19	0.5	5 : -2.7	%
Russia	-0.40	Mar/19	0.1	4.1 : -5.4	%
South Africa	-3.20	Mar/19	1.4	7.6 : -6.1	%
Singapore	-3.30	Jun/19	3.8	27.2 : -10.9	%