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China GDP Annual Growth Rate

Last Release
Jun 2021
Actual
7.9 %
Forecast
N/A
Previous
18.3 %
Frequency
Quarterly
Units In
%
Next Release
N/A
Time to Release
N/A
Highest
Lowest
Average
Date Range
Source
18.3 %
Mar 2021
-6.8 %
Mar 2020
9.28 %1989 - 2021National 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 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.

China GDP Annual Growth Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Jul 15, 202102:13China Q2 GDP Growth Slows More than Expected
Jan 17, 202004:07China 2019 GDP Growth Weakest in Near Three Decades
Oct 18, 201909:41China Q3 GDP Growth Weakest in 27-1/2 Years
Jul 15, 201908:27China Q2 GDP Growth Weakest in 27 Years
Apr 17, 201909:59China Q1 GDP Growth Beats Estimates
DATETIMEEVENTActual
Oct 19, 202002:00GDP Growth Rate YoY4.9 %
Jul 16, 202002:00GDP Growth Rate YoY3.2 %
Apr 17, 202002:00GDP Growth Rate YoY-6.8 %
Jan 17, 202002:00GDP Growth Rate YoY6 %
Oct 18, 201902:00GDP Growth Rate YoY6 %
Jul 15, 201902:00GDP Growth Rate YoY6.2 %
Jul 15, 201303:00GDP Growth Rate YoY7.5 %

China gdp Indicators

All China indicators
Indicator
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 BillionYearly1960 - 2020
GDP Annual Growth Rate
7.9
Jun 2021
18.3
Mar 2021
-6.8
Mar 2020
18.3
Mar 2021
%Quarterly1989 - 2021
GDP Constant Prices
532,167
Jun 2021
249,310
Mar 2021
5,262.8
Mar 1992
1,015,986.2
Dec 2020
CNY HMLQuarterly1992 - 2021
GDP From Agriculture
28,402
Jun 2021
11,332
Mar 2021
649.3
Mar 1992
77,754.1
Dec 2020
CNY HMLQuarterly1992 - 2021
GDP From Construction
33,335
Jun 2021
12,017
Mar 2021
181.9
Mar 1992
72,995.7
Dec 2020
CNY HMLQuarterly1992 - 2021
GDP From Manufacturing
174,606
Jun 2021
80,971
Mar 2021
2,207.8
Mar 1992
317,108.7
Dec 2019
CNY HMLQuarterly1992 - 2021

GDP Annual Growth Rate across Asia

GDP Annual Growth Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Afghanistan
-1.93
Dec 2020
3.19
Dec 2019
-1.93
Dec 2020
17.2
Dec 2009
%Yearly2007 - 2020
Azerbaijan
3.07
Mar 2021
-12.35
Dec 2020
-12.35
Dec 2020
40.4
Mar 2006
%Quarterly2001 - 2021
Bhutan
5.5
Dec 2019
3
Dec 2018
3
Dec 2018
17.9
Dec 2008
%Yearly1996 - 2019
Brunei
-1.4
Mar 2021
-1.4
Dec 2020
-8.1
Dec 2013
7.1
Dec 2019
%Quarterly2004 - 2021
Cambodia
-3.1
Dec 2020
7.1
Dec 2019
-3.1
Dec 2020
13.3
Dec 2005
%Yearly1994 - 2020
China
7.9
Jun 2021
18.3
Mar 2021
-6.8
Mar 2020
18.3
Mar 2021
%Quarterly1989 - 2021

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