China GDP Trends from 1980 to 2024: A overall increase with some decline Flow

China's GDP changed from approximately $303B 4M in 1980 to $18T 532B in 2024, showing an overall 6016.3% sharply increased during the period.
The lowest GDP was recorded in 1982 at $284B 601M, and the highest in 2024 at $18T 532B.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 9.8%.
For comparison, the average annual growth rate of United States was 5.4%, and that of India was 7.2%.

Overview of China's GDP (1980–2024)

The Gross Domestic Product (GDP) of China recorded a 6016.3% sharply increased from 1980 to 2024.
The average GDP during this period was $5T 66B, and the median was $1T 465B.
GDP fluctuated within a range of $18T 248B, with a standard deviation of $6T 53B.
The average annual change was $411B 329M.


China GDP from 1980 to 2024

The total market value of goods and services produced annually in China.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1982, $284B 601M
    • Highest GDP: 2024, $18T 532B
    • Most Recent GDP: 2024, $18T 532B

    Notable Annual GDP Changes

    • 2021: Significant increase in GDP
    • 2023: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and China's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $14T 340B → $14T 862B
    • Outcome: increased

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $3T 555B → $5T 88B
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $1T 205B → $1T 333B
    • Outcome: sharply increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $957B 991M → $1T 24B
    • Outcome: increased

    Key Economic Indicators of China (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 303B 4M
    $ 306.98
    $ 306.74
    $ 302B 771M
    7.91 %
    0 %
    32.63 %
    0 %
    987M 50K people
    1981
    $ 288B 699M
    $ 288.49
    $ 348.07
    $ 348B 319M
    5.1 %
    0 %
    32.05 %
    0 %
    1B 720K people
    1982
    $ 284B 601M
    $ 279.97
    $ 396.57
    $ 403B 128M
    9 %
    0 %
    35.09 %
    0 %
    1B 16M people
    1983
    $ 305B 428M
    $ 296.51
    $ 450.60
    $ 464B 157M
    10.8 %
    0 %
    35.15 %
    0 %
    1B 30M people
    1984
    $ 314B 230M
    $ 301.11
    $ 530.88
    $ 554B 8M
    15.2 %
    0 %
    35.12 %
    0 %
    1B 43M people
    1985
    $ 310B 133M
    $ 292.99
    $ 612.83
    $ 648B 690M
    13.501 %
    0 %
    34.25 %
    0 %
    1B 58M people
    1986
    $ 300B 920M
    $ 279.91
    $ 670.33
    $ 720B 646M
    8.9 %
    0 %
    35.53 %
    0 %
    1B 75M people
    1987
    $ 327B 728M
    $ 299.84
    $ 754.72
    $ 824B 909M
    11.7 %
    0 %
    36.67 %
    0 %
    1B 93M people
    1988
    $ 408B 663M
    $ 368.08
    $ 855.34
    $ 949B 648M
    11.2 %
    0 %
    36.55 %
    0 %
    1B 110M people
    1989
    $ 458B 180M
    $ 406.53
    $ 912.42
    $ 1T 28B
    4.2 %
    0 %
    35.77 %
    -0.751 %
    1B 127M people
    1990
    $ 396B 590M
    $ 346.87
    $ 969.36
    $ 1T 108B
    3.888 %
    0 %
    38.59 %
    -0.487 %
    1B 143M people
    1991
    $ 413B 209M
    $ 356.76
    $ 1,078.25
    $ 1T 248B
    8.996 %
    0 %
    38.98 %
    -0.689 %
    1B 158M people
    1992
    $ 492B 148M
    $ 420.02
    $ 1,245.78
    $ 1T 459B
    14.277 %
    0 %
    38.46 %
    -0.702 %
    1B 171M people
    1993
    $ 617B 433M
    $ 520.97
    $ 1,435.81
    $ 1T 701B
    13.879 %
    0 %
    42.25 %
    -0.623 %
    1B 185M people
    1994
    $ 561B 686M
    $ 468.66
    $ 1,639.10
    $ 1T 964B
    13.029 %
    0 %
    43.38 %
    -1.345 %
    1B 198M people
    1995
    $ 730B 996M
    $ 603.53
    $ 1,837.54
    $ 2T 225B
    10.969 %
    0 %
    41.94 %
    -0.44 %
    1B 211M people
    1996
    $ 860B 468M
    $ 703.06
    $ 2,035.51
    $ 2T 491B
    9.921 %
    0 %
    41.08 %
    -0.192 %
    1B 223M people
    1997
    $ 957B 991M
    $ 774.91
    $ 2,239.45
    $ 2T 768B
    9.247 %
    3.858 %
    39.52 %
    0.012 %
    1B 236M people
    1998
    $ 1T 24B
    $ 820.90
    $ 2,420.31
    $ 3T 19B
    7.856 %
    3.073 %
    38.05 %
    -0.228 %
    1B 247M people
    1999
    $ 1T 88B
    $ 865.24
    $ 2,621.54
    $ 3T 297B
    7.68 %
    1.94 %
    36.23 %
    -1.662 %
    1B 257M people