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China GDP Annual Growth Rate
Last Release
Mar 31, 2022
Actual
4.8
Forecast
N/A
Previous
4
Frequency
Quarterly
Units In
%
Next Release
Jul 15, 2022
Time to Release
1 Months 20 Days 10 Hours
Highest | Lowest | Average | Date Range | Source |
18.3 Mar 2021 | -6.8 Mar 2020 | 9.16 % | 1989-2022 | National Bureau of Statistics of China |
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.
Latest Updates
The Chinese economy expanded 4.8% yoy in Q1 of 2022, above market consensus of 4.4% and faster than a 4.0% growth in the previous period. However, the risk of a sharp slowdown in the coming months heightened, amid widespread COVID-19 lockdowns, a prolonged downturn in the property sector and uncertainty from the war in Ukraine. Meantime, separate data on March activity showed retail sales fell 3.5% yoy, down for the 1st time since July 2020, and worse than market expectations. Analysts say that April data will likely weaken further, dragging down by strict restrictions in the financial hub of Shanghai. In addition, the job market is already showing signs of stress, with China's nationwide survey-based jobless rate at 5.8%, the highest since May 2020, and up from 5.5% in February. For 2022, Beijing has targeted the economy to grow around 5.5% as headwinds gather, slowing from a 8.1% expansion last year, which was the steepest pace in nearly a decade, and after a 2.2% growth in 2020.
China GDP Annual Growth Rate History
Last 12 readings
China GDP Indicators
All China indicatorsIndicator | Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|---|
GDP | 14,722.73 Dec 2020 | 14,279.94 Dec 2019 | 47.21 Dec 1962 | 14,722.73 Dec 2020 | USD Billion | Yearly | 1960-2020 |
GDP Annual Growth Rate | 4.8 Mar 2022 | 4 Dec 2021 | -6.8 Mar 2020 | 18.3 Mar 2021 | % | Quarterly | 1989-2022 |
GDP From Agriculture | 10,953.8 Mar 2022 | 83,085.5 Dec 2021 | 649.3 Mar 1992 | 83,085.5 Dec 2021 | CNY HML | Quarterly | 1992-2022 |
GDP From Construction | 13,029 Mar 2022 | 80,138.5 Dec 2021 | 181.9 Mar 1992 | 80,138.5 Dec 2021 | CNY HML | Quarterly | 1992-2022 |
GDP From Manufacturing | 93,551.5 Mar 2022 | 372,575.3 Dec 2021 | 2,207.8 Mar 1992 | 372,575.3 Dec 2021 | CNY HML | Quarterly | 1992-2022 |
GDP From Services | 153,037.4 Mar 2022 | 609,679.7 Dec 2021 | 2,212.7 Mar 1992 | 609,679.7 Dec 2021 | CNY HML | Quarterly | 1992-2022 |
GDP From Transport | 10,430.3 Mar 2022 | 47,061.2 Dec 2021 | 393.2 Mar 1992 | 47,061.2 Dec 2021 | CNY HML | Quarterly | 1992-2022 |
GDP Growth Rate | 1.3 Mar 2022 | 1.5 Dec 2021 | -10.5 Mar 2020 | 11.6 Jun 2020 | % | Quarterly | 2010-2022 |
GDP per capita | 10,430.73 Dec 2020 | 10,228.29 Dec 2019 | 163.91 Dec 1962 | 10,430.73 Dec 2020 | USD | Yearly | 1960-2020 |
GDP per capita PPP | 16,410.8 Dec 2020 | 16,092.3 Dec 2019 | 1,423.9 Dec 1990 | 16,410.8 Dec 2020 | USD | Yearly | 1990-2020 |
Gdp Constant Prices | 256,322.1 Mar 2022 | 1,095,771.2 Dec 2021 | 53,480.3 Mar 2007 | 1,095,771.2 Dec 2021 | CNY HML | Quarterly | 2007-2022 |
Gross Fixed Capital Formation | 435,682.6 Dec 2020 | 422,018.8 Dec 2019 | 80.7 Dec 1952 | 435,682.6 Dec 2020 | CNY HML | Yearly | 1952-2020 |
Gross National Product | 1,133,518 Dec 2021 | 1,009,151 Dec 2020 | 679.1 Dec 1952 | 1,133,518 Dec 2021 | CNY HML | Yearly | 1952-2021 |
GDP Annual Growth Rate across Asia
GDP Annual Growth Rate global viewCountry | Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|---|
-1.93 Dec 2020 | 3.19 Dec 2019 | -1.93 Dec 2020 | 17.2 Dec 2009 | % | Yearly | 2007-2020 | |
6.8 Mar 2022 | 47.26 Dec 2021 | -6.75 Sep 2020 | 47.26 Dec 2021 | % | Quarterly | 2001-2022 | |
-10.08 Dec 2020 | 5.8 Dec 2019 | -10.08 Dec 2020 | 17.9 Dec 2008 | % | Yearly | 1996-2020 | |
-2.2 Sep 2021 | -2.1 Jun 2021 | -8.1 Dec 2013 | 7.1 Dec 2019 | % | Quarterly | 2004-2021 | |
-3.1 Dec 2020 | 7.1 Dec 2019 | -3.1 Dec 2020 | 13.3 Dec 2005 | % | Yearly | 1994-2020 | |
4.8 Mar 2022 | 4 Dec 2021 | -6.8 Mar 2020 | 18.3 Mar 2021 | % | Quarterly | 1989-2022 | |
-4 Mar 2022 | 4.8 Dec 2021 | -9.1 Mar 2020 | 20.5 Dec 1976 | % | Quarterly | 1974-2022 | |
5.4 Dec 2021 | 8.5 Sep 2021 | -24.4 Jun 2020 | 20.1 Jun 2021 | % | Quarterly | 1951-2021 | |
5.01 Mar 2022 | 5.02 Dec 2021 | -5.32 Jun 2020 | 7.16 Dec 2004 | % | Quarterly | 2000-2022 | |
0.2 Mar 2022 | 0.7 Dec 2021 | -10.1 Jun 2020 | 9.4 Mar 1988 | % | Quarterly | 1981-2022 | |
4.4 Mar 2022 | 4 Dec 2021 | -9.2 Sep 1995 | 14.1 Jun 2001 | % | Quarterly | 1995-2022 | |
4.5 Mar 2022 | 3.61 Dec 2021 | -20.08 Dec 1994 | 16.4 Mar 2010 | % | Quarterly | 1994-2022 | |
0.4 Dec 2020 | 5.5 Dec 2019 | 0.4 Dec 2020 | 9.9 Dec 1989 | % | Yearly | 1989-2020 | |
-4.4 Dec 2021 | 32.9 Sep 2021 | -66.3 Jun 2020 | 68.8 Jun 2021 | % | Quarterly | 2002-2021 | |
5 Mar 2022 | 3.6 Dec 2021 | -17.2 Jun 2020 | 16.1 Jun 2021 | % | Quarterly | 2000-2022 | |
76.5 Sep 2021 | 71.6 Jun 2021 | -52.5 Jun 2020 | 76.5 Sep 2021 | % | Quarterly | 1997-2021 | |
-3.8 Mar 2022 | 1.4 Dec 2021 | -10.1 Mar 2020 | 20.6 Sep 2011 | % | Quarterly | 1991-2022 | |
-10 Dec 2020 | 1.69 Dec 2019 | -10 Dec 2020 | 13.84 Dec 2003 | % | Yearly | 1994-2020 | |
4 Dec 2020 | -2.1 Dec 2019 | -2.1 Dec 2019 | 8.6 Dec 1993 | % | Yearly | 1993-2020 | |
-4.5 Dec 2020 | 0.4 Dec 2019 | -6.5 Dec 1997 | 6.1 Dec 1999 | % | Yearly | 1990-2020 | |
3.94 Dec 2021 | -0.47 Dec 2020 | -1.8 Dec 1952 | 10.22 Dec 1954 | % | Yearly | 1952-2021 | |
8.3 Mar 2022 | 7.7 Dec 2021 | -17 Jun 2020 | 12 Dec 1988 | % | Quarterly | 1982-2022 | |
3.4 Mar 2022 | 6.1 Dec 2021 | -13.3 Jun 2020 | 18.6 Jun 2010 | % | Quarterly | 1976-2022 | |
3.1 Mar 2022 | 4.2 Dec 2021 | -7.3 Jun 1998 | 20.8 Dec 1969 | % | Quarterly | 1961-2022 | |
1.8 Dec 2021 | -1.5 Sep 2021 | -16.4 Jun 2020 | 16.12 Mar 2012 | % | Quarterly | 2003-2021 | |
3.06 Mar 2022 | 4.86 Dec 2021 | -7.88 Mar 2009 | 17.26 Sep 1978 | % | Quarterly | 1962-2022 | |
8.7 Jun 2021 | 7.5 Mar 2021 | -32.3 Dec 1992 | 11 Dec 2003 | % | Quarterly | 1992-2021 | |
2.2 Mar 2022 | 1.9 Dec 2021 | -12.5 Jun 1998 | 15.5 Dec 2012 | % | Quarterly | 1994-2022 | |
-6.8 Dec 2020 | 3.1 Dec 2019 | -6.8 Dec 2020 | 16.3 Dec 2001 | % | Yearly | 2001-2020 | |
5.9 Dec 2020 | 6.3 Dec 2019 | -17.3 Dec 1994 | 16.5 Dec 1999 | % | Yearly | 1994-2020 | |
7.4 Dec 2021 | 6.9 Sep 2021 | 0.8 Sep 2020 | 9.8 Sep 2007 | % | Quarterly | 2002-2021 | |
5.03 Mar 2022 | 5.22 Dec 2021 | -6.02 Sep 2021 | 8.48 Dec 2007 | % | Quarterly | 2000-2022 |