The manufacturing sector saw the largest change -- with value-added output reduced by 503.8 billion yuan from an earlier estimate -- followed by the finance, transportation and construction sectors. China’s gross domestic product (GDP) in 2019 was revised to 98.65 trillion yuan (about 15.1 trillion U.S. dollars), official data showed Wednesday. The economy of the People's Republic of China, described as socialism with Chinese characteristics since the 12th National Congress of the Communist Party of China in 1982, is a mixed socialist market economy which is composed of state-owned enterprises and domestic and foreign private businesses and uses economic planning. According to the latest estimate, China’s nominal GDP was 98.7 trillion yuan in 2019. DataBank. Find Out BEIJING (Reuters) - China’s 2019 gross domestic product (GDP) has been revised down to 6.0% to 98.65 trillion yuan ($15.12 trillion), according to a … The total value of imports and exports between China and countries along the Belt and Road was 9,269.0 bill… … The GDP value of China represents 11.81 percent of the world economy. Publish your articles and forecasts in our website. Analysts polled by Reuters forecast China’s economy to have grown 6.1% in … China revises preliminary calculation of 2019 GDP. WDI Tables. China's National Bureau of Statistics on Wednesday revised the national growth rate for 2019 lower to 6.0% from 6.1%. Of this total, the value of goods exported was 17,234.2 billion yuan, up by 5.0 percent; the value of goods imported was 14,316.2 billion yuan, up by 1.6 percent. The bureau revises each year's GDP through two procedures, the preliminary calculation and final verification. 1960-2019 Data | 2020-2021 Forecast | Historical | Chart | News. The preliminary calculation of GDP is revised in a final verification based on the annual statistical data, fiscal final accounts and related departments' financial records. As the second-largest economy in the world, China has seen an average growth rate of 9.52% between 1989 and 2019. China Foreign Reserves at Over 4-1/2-Year High, China Services Growth Remains Solid: Caixin, China Private Sector Growth Remains Robust: Caixin, China Factory Growth Slows but Remains Strong: Caixin, China Services Growth Slows From Over 8-Year High, China Manufacturing Growth Eases Slightly in December, China Industrial Profits Rise 2.4% YoY in Jan-Nov, Egypt Inflation Rate Eases to 5.4% in December, FDI into the Philippines Smallest in 6 Months, Brazilian Shares Finish at New Record High, WTI Crude Books Big Weekly Gain after Saudi Arabia Cut. Which China city economies are the driving force behind Mainland China's huge & growing GDP figures? China's 2019 GDP, nearing 100 trillion yuan ($14.54 trillion), roughly equals to the sum of the 2018 GDP of Japan, Germany, the UK and France combined, said Ning. China's gross domestic product (GDP) in 2019 was revised to 98.65 trillion yuan (about 15.1 trillion U.S. dollars), official data showed Wednesday. GDP (current US$) - China from The World Bank: Data. Quarterly GDP Value Quarterly Growth Annual GDP growth (T) For the third quarter in 2019, China’s GDP growth has increased by 6.0%, which is slower than the 6.2% in Q2, and 6.4% in Q1. China posted a GDP growth of 6.6% in 2018, which was the lowest since 1990 at the time. That's below last year's 6.6% rate of expansion, which was already China… China's GDP Data of Q1 2019 - Q3 2020 Infographic: GT . Growth in the … The gross domestic product (GDP) of China in 2019 was 99,086.5 billion yuan, up by 6.1% over the previous year according to preliminary estimation of National Bureau of Statistics of China. In 2019, the U.S. economy, in terms of GDP (PPP), was at $21.44 trillion, while the Chinese economy was measured at $27.31 trillion. Gross domestic product 2019 (millions of Ranking Economy US dollars) USA 1 United States 21,427,700 CHN 2 China 14,342,903 JPN 3 Japan 5,081,770 DEU 4 Germany 3,845,630 IND 5 India 2,875,142 GBR 6 United Kingdom 2,827,113 Download historical data for 20 million indicators using your browser. China's gross domestic product (GDP) in 2019 was revised to 98.65 trillion yuan (about 15.1 trillion U.S. dollars), official data showed Wednesday. The income generated by state-owned enterprises accounted for about 40% of China's GDP of US$14.4 trillion in 2019, with domestic and foreign private businesses and investment a… Driven largely by changes to data in China’s manufacturing industry, revision puts nation’s 2019 GDP growth at the lowest end of what had been Beijing’s official target range for the year. China is the second-largest economy considering nominal GDP, at $14.14 trillion, and the largest using GDP (PPP), which is $27.31 trillion. The amount represents a reduction of 435 billion yuan, or 0.1 percentage points, from the preliminary calculation, data from the final verification conducted by the National Bureau of Statistics (NBS) showed. HANGZHOU, Nov. 23 (Xinhua) -- China's digital economy reached 35.8 trillion yuan (5.45 trillion U.S. dollars) in 2019, accounting for 36.2 percent of the country's total GDP, according to a report released by the Chinese Academy of Cyberspace Studies. Direct access to our calendar releases and historical data. The Gross Domestic Product (GDP) in China was worth 14342.90 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. China's 2019 gross domestic product (GDP) has been revised down to 6.0% to 98.65 trillion yuan ($15.12 trillion), according to a statement from the National Bureau of Statistics on Wednesday. At constant prices, the 2019 GDP increased 6 percent from one year earlier, according to the NBS. This is slightly lower than what the market expected, but it is reasonable as a … China's year-on-year GDP growth reached 6.1 percent in 2019, compared with 6.6 percent in 2018, the National Bureau of Statistics said on Friday. In 2019, the annual real growth of the gross domestic product (GDP) in different regions in China varied from around 9.3 percent in Guizhou province to 3.0 percent in Jilin province. ... 1960 - 2019 GDP growth (annual ... GDP per capita growth (annual %) Download. The Trading Economics Application Programming Interface (API) provides direct access to our data. China's GDP grew 4.9 percent in the third quarter, bringing the growth in the first three quarters to 0.7 percent compared with a year ago. China's government last month predicted economic growth of between 6% and 6.5% in 2019. GDP per capita in China averaged 1872.51 USD from 1960 until 2019, reaching an all time high of 8254.30 USD in 2019 and a record low of 132.10 USD in 1962. Online tool for visualization and analysis. This page provides - China GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news. The surplus of trade in goods reached 2,918.0 billion yuan, up by 593.2 billion yuan over that of the previous year. GDP growth in China 2009-2019, by economic sector Quarterly gross domestic product (GDP) growth rate in China Q3 2018-Q3 2020 GDP growth in Beijing, China 2008-2018, by sector Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. 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 … Exports of goods and services (% of GDP) - China from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). LATEST: 2019 Article IV Consultation Staff Report - August 9, 2019 English | Chinese Press Release: IMF Executive Board Concludes 2019 Article IV Consultation with the People’s Republic of China - August 9, 2010 English | Chinese The gross domestic product (GDP) measures of national income and output for a given country's economy. United States remains the largest economy of the world with GDP (Nominal) over $20 … It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. As China's best-known cities, it is no surprise that 2019 data popular in Chinese media identified Shanghai & Beijing as the cities with the largest GDP, but few … GDP (Nominal), GDP (PPP), GDP (Nominal) per capita, GDP (PPP) per capita, GDP Growth and rank in 2019. The total value of imports and exports of goods in 2019 reached 31,550.5 billion yuan, up by 3.4 percent over that of the previous year. Thematic data tables from WDI. CSV XML EXCEL. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. China said Friday its economy grew by 6.1% in 2019, in line with expectations. Hong Kong's economy is worse affected, as its GDP shrank by 1.9% in 2019… Data source is International Monetary Fund World Economic Outlook (October-2018). China GDP (Gross Domestic Product) was INT$23,102.44billion for 2019 in PPP terms. Selected Countries and Economies. Gdp growth ( annual... GDP per capita growth ( annual... GDP per capita growth ( annual... per. | News... GDP per capita growth ( annual... GDP per capita growth ( annual... GDP capita! Increased 6 percent from one year earlier, according to the NBS | 2020-2021 Forecast | historical Chart! 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