China/Economy

Economy of China

An overview of key economic indicators. Select a category for detailed trends, charts, and insights.

Explore Economic Domains

Growth & Output

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GDP (USD)
$17.8T(2023)
GDP PPP (USD)
$34.7T(2023)
GDP per Capita (USD)
$12,614(2023)
GDP Growth (inflation-adjusted)
5.2%(2023)
Inflation (CPI Annual %)
0.2%(2024)

Trade & Finance

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Exports (as share of GDP)
19.7%(2023)
Imports (as share of GDP)
17.6%(2023)
FDI Inflows (as share of GDP)
0.2%(2023)
Remittance Inflow (USD)
$29.1B(2023)
Tax Revenue (as share of GDP)
7.8%(2023)

Labor & Income

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Unemployment Rate
4.6%(2024)
Employment in Services
45.8%(2023)
Poverty Rate
0%(2020)
GINI Index
35.7(2021)
GNI per Capita (USD)
$13,390(2023)

Energy & Environment

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Energy Use per Capita
2691 kg oil eq.(2022)
Renewable Energy Consumption (%)
15.2%(2021)

Economic Snapshot Overview

A summary of key economic indicators for China

  • The economic architecture of China is substantial, anchored by a Gross Domestic Product (GDP) of approximately $17.79T
    2023
    . This places it as the 2nd largest economy out of 191 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $12.61K
    2023
    , while its GDP in Purchasing Power Parity (PPP) terms is estimated at $34.66T, reflecting the population's domestic purchasing power. The economy is experiencing robust expansion, with a high growth rate of 5.2%
    2023
    , accompanied by stable price levels, with inflation (CPI) at 0.2%
    2024
    .
  • On the global stage, the nation's trade and financial dynamics reveal a complex interplay of factors. The country maintains a strong trade surplus, with exports representing 19.7% of GDP and imports 17.6%
    2023
    . Foreign Direct Investment (FDI) inflows are significant, constituting 0.24% of the economy
    2023
    . This performance positions the country 158th globally out of 186 nations, indicating its relative attractiveness to foreign capital. Additionally, personal remittances received amount to a substantial $29.11B annually
    2023
    , highlighting the economic importance of its diaspora. The government faces fiscal constraints, with tax revenue representing only 7.8% of GDP
    2023
    .
  • The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $13,390
    2023
    . Globally, this ranks the nation 63rd out of 190 in terms of GNI per capita, providing a clear measure of its national wealth relative to others. The labor market is stable, with unemployment at 4.6%
    2024
    . The services sector is a primary driver of the labor market, accounting for 45.8% of total employment
    2023
    . There is a moderate level of income inequality, with a Gini index of 35.7
    2021
    .
  • On the environment and energy front, energy consumption per capita is 2,690.56 kg of oil equivalent
    2022
    . There is a growing focus on sustainability, with renewable energy accounting for 15.2% of consumption
    2021
    . Its commitment to clean energy places it 70th among 190 countries for its share of renewable energy consumption.

Key Economic Insights

Macroeconomic Health

The economy is in a "Goldilocks" state of strong growth, low inflation, and low unemployment, indicating robust macroeconomic health.

Trade & Investment Profile

The economy is primarily driven by domestic demand, with limited exposure to global trade fluctuations but also fewer opportunities for export-led growth.

Social Equity & Distribution

Distributing the benefits of economic growth equitably is crucial for social cohesion and long-term stability.

Energy & Sustainability

Transitioning to a sustainable energy model is critical for mitigating climate risk and ensuring long-term energy security.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.