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%.
China GDP from 1980 to 2024
The total market value of goods and services produced annually in China.
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.
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)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 7.91 % | $ 303B 4M | $ 302B 771M | $ 306.98 | $ 306.74 | 32.63 % | 987M 50K people | 0 % | 0 % |
1981 | 5.1 % | $ 288B 699M | $ 348B 319M | $ 288.49 | $ 348.07 | 32.05 % | 1B 720K people | 0 % | 0 % |
1982 | 9 % | $ 284B 601M | $ 403B 128M | $ 279.97 | $ 396.57 | 35.09 % | 1B 16M people | 0 % | 0 % |
1983 | 10.8 % | $ 305B 428M | $ 464B 157M | $ 296.51 | $ 450.60 | 35.15 % | 1B 30M people | 0 % | 0 % |
1984 | 15.2 % | $ 314B 230M | $ 554B 8M | $ 301.11 | $ 530.88 | 35.12 % | 1B 43M people | 0 % | 0 % |
1985 | 13.501 % | $ 310B 133M | $ 648B 690M | $ 292.99 | $ 612.83 | 34.25 % | 1B 58M people | 0 % | 0 % |
1986 | 8.9 % | $ 300B 920M | $ 720B 646M | $ 279.91 | $ 670.33 | 35.53 % | 1B 75M people | 0 % | 0 % |
1987 | 11.7 % | $ 327B 728M | $ 824B 909M | $ 299.84 | $ 754.72 | 36.67 % | 1B 93M people | 0 % | 0 % |
1988 | 11.2 % | $ 408B 663M | $ 949B 648M | $ 368.08 | $ 855.34 | 36.55 % | 1B 110M people | 0 % | 0 % |
1989 | 4.2 % | $ 458B 180M | $ 1T 28B | $ 406.53 | $ 912.42 | 35.77 % | 1B 127M people | 0 % | -0.751 % |
1990 | 3.888 % | $ 396B 590M | $ 1T 108B | $ 346.87 | $ 969.36 | 38.59 % | 1B 143M people | 0 % | -0.487 % |
1991 | 8.996 % | $ 413B 209M | $ 1T 248B | $ 356.76 | $ 1,078.25 | 38.98 % | 1B 158M people | 0 % | -0.689 % |
1992 | 14.277 % | $ 492B 148M | $ 1T 459B | $ 420.02 | $ 1,245.78 | 38.46 % | 1B 171M people | 0 % | -0.702 % |
1993 | 13.879 % | $ 617B 433M | $ 1T 701B | $ 520.97 | $ 1,435.81 | 42.25 % | 1B 185M people | 0 % | -0.623 % |
1994 | 13.029 % | $ 561B 686M | $ 1T 964B | $ 468.66 | $ 1,639.10 | 43.38 % | 1B 198M people | 0 % | -1.345 % |
1995 | 10.969 % | $ 730B 996M | $ 2T 225B | $ 603.53 | $ 1,837.54 | 41.94 % | 1B 211M people | 0 % | -0.44 % |
1996 | 9.921 % | $ 860B 468M | $ 2T 491B | $ 703.06 | $ 2,035.51 | 41.08 % | 1B 223M people | 0 % | -0.192 % |
1997 | 9.247 % | $ 957B 991M | $ 2T 768B | $ 774.91 | $ 2,239.45 | 39.52 % | 1B 236M people | 3.858 % | 0.012 % |
1998 | 7.856 % | $ 1T 24B | $ 3T 19B | $ 820.90 | $ 2,420.31 | 38.05 % | 1B 247M people | 3.073 % | -0.228 % |
1999 | 7.68 % | $ 1T 88B | $ 3T 297B | $ 865.24 | $ 2,621.54 | 36.23 % | 1B 257M people | 1.94 % | -1.662 % |