Current GDP growth rate YoY: 6.6% (2018) Average GDP growth rate: 8.3% (1961-2018) Maximum GDP growth rate: 19.3% (1970) Minimum GDP growth rate: -27.3% (1961) The Economy of China. China's economic growth has slumped to its lowest level in nearly three decades as the world's second largest economy feels the effects of a prolonged trade war with the United States. The growth rate exceeded the around 6.5 percent target of the government and was in line with economists' expectations. Industrial production grew 5.7 percent year-on-year in December, beating expectations for a 5.3 percent gain. GDP per capita growth (annual %) - China. However, the recent trade tensions with the U.S. under the Donald Trump administration exacerbated the slowdown. China’s gross domestic product grew by 6% in the three months to September 30, the weakest quarterly growth rate since 1992 and down from … Commenting on the economic results of 2018, NBS Director Ning Jizhe stressed at the press conference that China was still the main contributor to the world’s economic growth. China’s GDP growth could be half of reported number, says US economist at prominent Chinese university ... said the country’s economic growth rate was 6.6 per cent in 2018. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. © 2021 Insider Inc. and finanzen.net GmbH (Imprint). GDP Annual Growth Rate in China is expected to be 5.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. China has the world's fastest-growing major economy, with growth rates averaging 10% over 30 years. Made In NYC | China vs Japan – Real GDP Growth Comparison 1980-2023. China attains maximum gdp growth rate of 19.30% in year 1970 and minimum -27.27% in 1961. In 2019, it revised the estimated growth of 2017 GDP downwards by 0.1 percentage point to 6.8%. China’s economic freedom score is 59.5, making its economy the 103rd freest in the 2020 Index. Quarterly gross domestic product (GDP) growth rate in China Q3 2018-Q3 2020 Published by C. Textor , Jan 8, 2021 If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Forecasts by the IMF expect a decline in GDP growth … The China Economic Quarterly is a market outlook prepared by PwC China and Hong Kong on a quarterly … BEIJING (BLOOMBERG) - China revised down its official GDP growth rate for 2019 to 6 per cent from 6.1 per cent, mainly due to a lower estimate for manufacturing output, a … Aggregates are based on constant 2010 U.S. dollars. "Real GDP or GDP at constant (2011-12) prices for the years 2018-19 and 2017-18 stand at Rs 139.81 lakh crore and Rs 131.75 lakh crore, respectively, showing growth of 6.1 per cent during 2018-19 and 7.0 per cent during 2017-18," the National Statistical Office said in revised national account data released on Friday. China Economic Quarterly Q4 2018. That full-year figure matched expectations from … By the same measure, China's GDP this year will be about $10.8 trillion. "That will hurt the production sector of electronics in China, and the prices of these items will fall in China.". China on Monday announced that its official economic growth came in at 6.6 percent in 2018 — the slowest pace since 1990. 1  That's roughly 8% more than in 2018. Beijing in January revised up the annual growth rates between 2014 and 2018. That left full-year growth at 6.6 percent, the slowest rate of expansion China has seen since … The latest Reuters poll has forecast full-year growth of 6.6 percent for 2018 and 6.3 percent this year. ", Plus500. In 2018, IMF estimates China real GDP growth to be 6.6% and Japan real GDP growth to be 1.1%. "Still, with the headwinds from cooling global growth and the lagged impact of slower credit growth set to intensify in the coming months, China's economy is likely to weaken further before growth stabilises in the second half of the year on the back of expanded policy stimulus. China's economic expansion started easing from double-digits since the government began the switch from investment and debt-driven growth to focus on boosting domestic consumption. All suggestions for corrections of any errors about GDP - real growth rate (%) should be addressed to the CIA. China gdp growth rate for 2018 was 6.75%, a 0.19% decline from 2017. According to the IMF, on a per capita income basis, China ranked 73rd by GDP (PPP) per capita in 2019. The five-year moving average growth rate is at its lowest since reforms began in 1978, although annual growth briefly fell lower during 1989, the year of the Tian An Men incident. China’s Annual Economic Growth Rate Is Slowest Since 1990 Economic slowdown deepened in the final months of 2018 China's economy grew at its slowest pace since 1990 last year. China GDP Data Per Capita Summary: GDP per capita: 8,123 USD (2016) Current GDP per capita growth rate: 6.3% (2017) Average GDP per capita growth rate: 6.8% (1961-2018) According to the IMF, on a per capita income basis, China ranked 73rd by GDP (PPP) per capita in 2019. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Stronger net exports compensated for weak domestic consumption and investment in … NOTE: The information regarding GDP - real growth rate (%) on this page is re-published from the CIA World Factbook 2018. Annual percentage growth rate of GDP at market prices based on constant local currency. Annual percentage growth rate of GDP at market prices based on constant local currency. India reached an all time high of 9.63% in 1988 and a record low of -5.24% in 1979. Growth estimates for construction, financial and leasing sectors were all revised lower. China's GDP was $14.4 trillion (99 trillion Yuan) in 2019. China Real GDP Growth is at 4.90%, compared to 3.20% last quarter and 6.00% last year. During period 1961 to 2018, China grew by more than 10% in 22 years while India never. Here is China's growth rate by year, showing how it has slowed since the 10.6% growth in 2010. 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