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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
