The Chinese economy expanded 4.0 percent year-on-year in the fourth quarter of 2021, easing from a 4.9 percent growth in the previous period but exceeding market consensus of 3.6 percent. It was the slowest pace of expansion since Q2 2020, amid multiple headwinds including a property downturn, supply chain issues, and COVID-19 outbreaks. Considering full year of 2021, the economy grew 8.1 percent, the fastest expansion in nearly a decade, exceeding the government's target of above 6 percent and following a revised 2.2% growth in 2020. Consumption expenditure contributed 65.4 percent to the 2021 GDP growth, compared with 54.3 percent in 2020, surpassing the average level of 60 percent from 2013 to 2019 but was still lower than in developed economies. source: National Bureau of Statistics of China

GDP Annual Growth Rate in China averaged 9.19 percent from 1989 until 2021, reaching an all time high of 18.30 percent in the first quarter of 2021 and a record low of -6.80 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 January of 2022.

GDP Annual Growth Rate in China is expected to be 3.60 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 5.40 percent in 2023, according to our econometric models.

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China GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-18 02:00 AM Q3 4.9% 7.9% 5.2% 5.1%
2022-01-17 02:00 AM Q4 4.0% 4.9% 3.6% 3.7%
2022-04-18 02:00 AM Q1 4.0% 3.6%


Related Last Previous Unit Reference
GDP Growth Rate 1.60 0.70 percent Dec/21
GDP Annual Growth Rate 4.00 4.90 percent Dec/21
Gross National Product 1009151.00 988528.90 CNY HML Dec/20
Gross Fixed Capital Formation 435682.60 422018.80 CNY HML Dec/20
GDP From Manufacturing 372575.30 267352.00 CNY HML Dec/21
GDP From Construction 80138.50 54125.80 CNY HML Dec/21
GDP From Agriculture 83085.50 51613.30 CNY HML Dec/21
GDP Constant Prices 1095771.20 790068.40 CNY HML Dec/21
GDP From Transport 47061.20 34686.70 CNY HML Dec/21
GDP From Services 609679.70 447564.30 CNY HML Dec/21
Economic Activity Index 50.80 51.70 points Oct/21
Gdp From Mining 23696.00 22592.00 CNY HML Dec/19

News Stream
China 2021 GDP Growth Tops Target Despite Slowdown in Q4
The Chinese economy expanded 4.0 percent year-on-year in the fourth quarter of 2021, easing from a 4.9 percent growth in the previous period but exceeding market consensus of 3.6 percent. It was the slowest pace of expansion since Q2 2020, amid multiple headwinds including a property downturn, supply chain issues, and COVID-19 outbreaks. Considering full year of 2021, the economy grew 8.1 percent, the fastest expansion in nearly a decade, exceeding the government's target of above 6 percent and following a revised 2.2% growth in 2020. Consumption expenditure contributed 65.4 percent to the 2021 GDP growth, compared with 54.3 percent in 2020, surpassing the average level of 60 percent from 2013 to 2019 but was still lower than in developed economies.
2022-01-17
China Q3 GDP Growth Lowest in a Year
The Chinese economy expanded 4.9 percent year-on-year in the third quarter of 2021, easing sharply from a 7.9 percent growth in the previous period and slightly missing market consensus of 5.2 percent. It was the slowest pace of expansion since the third quarter last year, amid several headwinds including power shortages, supply chain bottlenecks, a persistent property bubble and COVID-19 outbreaks. Considering the first three quarters of the year, the economy grew 9.8 percent from a year earlier, with final consumption accounting for 64.8 percent of GDP growth. For 2021, China has set an economic growth target of above 6% after growing the least in over four decades in 2020.
2021-10-18
China Q2 GDP Growth Slows More than Expected
The Chinese economy advanced 7.9 percent year-on-year in Q2 of 2021, slowing sharply from a record 18.3 percent growth in Q1 and missing market consensus of 8.1 percent. A slowdown in factory activity, higher raw material costs, and new COVID-19 outbreaks in some regions all weighed on the recovery momentum. During the first half of the year, the economy grew by 12.7 percent, amid a low base effect from last year's coronavirus-triggered slump. China has set an economic growth target of “above 6 percent” for 2021 after expanding the least in over four decades of 2.3% in 2020. Analysts generally believe the country is on track to meet the growth target for the year although the economy is expected to slow slightly in the second half of 2021 as consumers globally start to spend more on services, hitting China’s export sector. Still, upbeat retail sales for June suggest consumer spending in China remains resilient.
2021-07-15

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.