China GDP Annual Growth Rate  1989-2018 | Data | Chart | Calendar

The Chinese economy expanded 6.8 percent year-on-year in the last quarter of 2017, the same as in the previous three months and beating market expectations of 6.7 percent. Considering full 2017, the economy grew 6.9 percent, well above the official target of near 6.5 percent and a 26-year low of 6.7 percent in 2016. GDP Annual Growth Rate in China averaged 9.66 percent from 1989 until 2017, reaching an all time high of 15.40 percent in the first quarter of 1993 and a record low of 3.80 percent in the fourth quarter of 1990.

China GDP Annual Growth Rate
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Chinese GDP Grows 6.9% in 2017


The Chinese economy expanded 6.8 percent year-on-year in the last quarter of 2017, the same as in the previous three months and beating market expectations of 6.7 percent. Considering full 2017, the economy grew 6.9 percent, well above the official target of near 6.5 percent and a 26-year low of 6.7 percent in 2016. Strong growth in industry and exports and a resilient property market were the main drivers of the expansion. For 2018, the Chinese government targets growth at around 6.5 percent, the same as in 2017 amid efforts to deleverage, contain debt and financial risks.

Considering the fourth quarter of 2017, the primary sector expanded 4.4 percent; the secondary 5.7 percent and the tertiary 8.3 percent. On a quarter-on-quarter basis, the GDP advanced 1.6 percent, below an upwardly revised 1.8 percent in the previous three months and the lowest since the first three months of 2017.
 
Considering full 2017,  agriculture went up 3.9 percent, namely production of food (0.3 percent from 2016); cotton (2.7 percent); pork, beef, mutton and poultry (0.8 percent).
 
Industrial output rose 6.6 percent, 0.6 percentage point faster than in 2016. Manufacturing advanced 7.2 percent and electricity, thermal power, gas and water supply 8.1 percent while the mining sector shrank 1.5 percent. The value added of the high-tech industry and equipment manufacturing increased by 13.4 percent and 11.3 percent respectively.
 
The services sector increased 8.2 percent, 0.1 percentage point faster than in 2016.
 
On the expenditure side, final consumption accounted for 58.8 percent of the GDP, with retail sales rising 10.2 percent.
 
Capital formation accounted for 32.1 percent of the GDP with property investment jumping 7 percent, 0.9 percentage point faster than in 2016 and the highest growth since 2014. Investment in residential buildings increased 9.4 percent and in commercial buildings 7.7 percent. On the other hand, fixed asset investment went up 7.2 percent, 0.9 percentage point slower than in 2016 and the lowest growth rate since 1999. Investment rose faster in the high-tech industry (17 percent, 2.8 percentage point higher than in 2016) and equipment manufacturing (8.6 percent, 4.2 percentage points faster in 2016) while investment in energy-intensive manufacturing decreased by 1.8 percent. Private investment went up 6 percent, 2.8 percentage points faster than in 2016 and accounted for 60.4 percent of total investment. Investment by the state holding enterprises rose 10.1 percent.
 
Total trade jumped 14.2 percent, ending two years of declines. Exports increased 10.8 percent and imports 18.7 percent. 


Joana Taborda | joana.taborda@tradingeconomics.com
1/18/2018 10:15:49 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-17 02:00 AM GDP Growth Rate YoY 6.9% 6.9% 6.8% 6.8%
2017-10-19 02:00 AM GDP Growth Rate YoY 6.8% 6.9% 6.8% 6.8%
2018-01-18 07:00 AM GDP Growth Rate YoY 6.8% 6.8% 6.7% 6.8%
2018-04-17 02:00 AM GDP Growth Rate YoY 6.8% 6.6%
2018-07-16 02:00 AM GDP Growth Rate YoY 6.5%
2018-10-19 02:00 AM GDP Growth Rate YoY 6.4%


China GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.60 1.80 2.40 1.30 percent [+]
GDP Annual Growth Rate 6.80 6.80 15.40 3.80 percent [+]
GDP 11199.15 11064.67 11199.15 47.21 USD Billion [+]
Gross National Product 742352.00 673837.10 742352.00 679.00 CNY HML [+]
Gross Fixed Capital Formation 318911.50 292396.50 318911.50 80.70 CNY HML [+]
GDP per capita 6894.50 6496.60 6894.50 132.00 USD [+]
GDP per capita PPP 14400.90 13569.90 14400.90 1526.40 USD [+]
GDP Constant Prices 827122.00 593288.00 827122.00 5262.80 CNY HML [+]
GDP From Agriculture 65468.00 41229.00 65468.00 649.30 CNY HML [+]
GDP From Construction 55689.00 37265.00 55689.00 181.90 CNY HML [+]
GDP From Manufacturing 279997.00 201736.00 279997.00 2207.80 CNY HML [+]
GDP From Services 427032.00 313951.00 427032.00 2212.70 CNY HML [+]
GDP From Transport 36803.00 27167.00 36803.00 393.20 CNY HML [+]


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. This page provides - China GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. China GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
6.80 6.80 15.40 3.80 1989 - 2017 percent Quarterly




GDP annual growth rate by Country
Country Last
Turkey 11.10 Sep/17
China 6.80 Dec/17
India 6.30 Sep/17
Indonesia 5.19 Dec/17
Spain 3.10 Dec/17
Canada 3.00 Sep/17
South Korea 3.00 Dec/17
Germany 2.90 Dec/17
Netherlands 2.90 Dec/17
Australia 2.80 Sep/17
Euro Area 2.70 Dec/17
United States 2.50 Dec/17
France 2.40 Dec/17
Russia 1.80 Sep/17
Italy 1.60 Dec/17
Japan 1.50 Dec/17
Mexico 1.50 Dec/17
Brazil 1.40 Sep/17
United Kingdom 1.40 Dec/17
Switzerland 1.20 Sep/17


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