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%.

China GDP from 1980 to 2024

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

Change Chart

    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)

    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