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. GDP Growth Rate in China averaged 1.78 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 1.40 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 1.20 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
width
height
 Preview
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us

Calendar GMT Actual Previous Consensus TEForecast
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%
2019-01-21 02:00 AM GDP Growth Rate QoQ 1.5% 1.6% 1.5% 1.5%
2019-04-17 02:00 AM GDP Growth Rate QoQ 1.4% 1.5% 1.4% 1.4%
2019-07-15 02:00 AM GDP Growth Rate QoQ 1.4% 1.4%
2019-10-18 02:00 AM GDP Growth Rate QoQ 1.3%



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.

Year-on-year, the economy advanced 6.4 percent in the three months to March 2019, the same pace as in the previous period and slightly above market expectations of a 6.3 percent expansion. It remained the lowest growth rate since the global financial crisis, amid intense trade conflict with the US, softening domestic demand and alarming off-balance-sheet borrowings by local governments.


Statistics China l Rida Husna | rida@tradingeconomics.com
4/17/2019 2:23:07 AM


News

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 Quarterly GDP Growth Weakest in 2 Years
The Chinese economy grew by 1.4 percent quarter-on-quarter in the three months to March of 2018, compared to an advance of 1.6 percent in the previous period and slightly below market expectations of 1.5 percent. It was the weakest pace of expansion since the first quarter of 2016.
Published on 2018-04-17



China GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.40 1.50 2.40 1.40 percent [+]
GDP Annual Growth Rate 6.40 6.40 15.40 3.80 percent [+]
GDP 12237.70 11190.99 12237.70 47.21 USD Billion [+]
Gross National Product 896915.00 824828.40 896915.00 679.00 CNY HML [+]
Gross Fixed Capital Formation 380771.80 346440.80 380771.80 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 213433.00 900309.00 900309.00 5262.80 CNY HML [+]
GDP From Agriculture 8769.00 64734.00 65467.60 649.30 CNY HML [+]
GDP From Construction 10528.60 61808.00 61808.00 181.90 CNY HML [+]
GDP From Manufacturing 72039.80 305160.00 305160.00 2207.80 CNY HML [+]
GDP From Services 122317.00 469575.00 469575.00 2212.70 CNY HML [+]
GDP From Transport 9552.80 40550.00 40550.00 393.20 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.40 1.50 2.40 1.40 2010 - 2019 percent Quarterly




Country Last Previous
Singapore 3.80 Mar/19
United States 3.10 Mar/19
India 1.60 Dec/18
China 1.40 Mar/19
Turkey 1.30 Mar/19
Saudi Arabia 1.07 Dec/18
Russia 0.80 Dec/18
Spain 0.70 Mar/19
Japan 0.60 Mar/19
Switzerland 0.60 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Australia 0.40 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Canada 0.10 Mar/19
Italy 0.10 Mar/19
Argentina -0.20 Mar/19
Brazil -0.20 Mar/19
Mexico -0.20 Mar/19
South Korea -0.40 Mar/19
Indonesia -0.52 Mar/19
South Africa -3.20 Mar/19


Related
Latest