GDP

GDP of China in 2023 - Expenditure Approach, Sector Output, and Regional GDP

Last Updated: October 31, 2023
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GDP Summary

“China with a population of had a total GDP value of US dollars (calculated in current US dollars) for the whole of 2022. The GDP per capita is 12670, and the growth rate in 2022 is 3%.”

Population

1.41 billion

Land Size

9424702.9 km²

GDP

17.89 trillion

GDP Per Capita

12670 USD

Real GDP Growth
Note: Real GDP Growth (%) | Forecast after 2023
GDP Per Capital (Nominal)
Note: Current USD | Forecast after 2023
GDP Per Capita (PPP)
Note: PPP | Forecast after 2023

GDP Structure (Expenditure Approach)

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Private Consumption
37.2%
Government Expneidutre
16.1%
Capital Formation
42.2%
Export
20.8%
Import
17.6%
GDP Growth(By Type)
Note: Real GDP Growth (%) | Forecast after 2023

GDP Structure By Sector

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Agriculture
7.4%
Industry
43.5%
Manufacturing
31.5%
Service
49.1%
Economic Growth(By Sector)
Note: Real GDP Growth (%) | Forecast after 2023

Economic Development

Unemployment

5.5 %

Inflation

1.9 %

Urbanization

60.3 %

TFR

1.7 人

Unemployment Rate
Unit: %
Inflation Rate
Unit: %

GDP By Regions

Top 5 Regions By Population & Their GDP | Note: USD, current prices, current PPP

China

24167000 million USD

Guangdong

2659770 million USD

Shandong

1742000 million USD

Henan

1298380 million USD

Jiangsu

2460100 million USD

Sichuan

1160600 million USD

Historical Real GDP Growth Rate
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Growth By GDP

Top 5 Regions By Population & Their GDP Growth in 2020

China

2.15 %

Guangdong

2.27 %

Shandong

2.54 %

Henan

0.36 %

Jiangsu

3.54 %

Sichuan

3.94 %

Historical Real GDP Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita By Regions

Top 5 Regions By Population & Their GDP Per Capita in 2020 (Measured in PPP, current prices) | Unit: USD

China

17138 USD

Guangdong

21069 USD

Shandong

17137 USD

Henan

13061

Jiangsu

29021 USD

Sichuan

13865 USD

Historical GDP Per Capita (PPP) By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0 USD. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita Growth By Regions

Top 5 Regions By Population & Their GDP Per Capita Growth Rate in 2020 | Unit: %

China

1.49 %

Guangdong

0.3 %

Shandong

1.44 %

Henan

-0.43 %

Jiangsu

2.73 %

Sichuan

3.25 %

Historical GDP Per Capita Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %