China GDP

The Gross Domestic Product (GDP) in China was worth 8230 billion US dollars in 2012. The GDP value of China represents 13.27 percent of the world economy. GDP in China is reported by the The World Bank Group. From 1960 until 2012, China GDP averaged 1102.1 USD Billion reaching an all time high of 8230.0 USD Billion in December of 2012 and a record low of 46.5 USD Billion in December of 1962. The gross domestic product (GDP) measures of national income and output for a given country's economy. 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. This page provides - China GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
8230.00 7320.00 8230.00 46.50 9768.86 | 2014/06 1960 - 2012 USD Billion Yearly

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China GDP
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
Gross Fixed Capital Formation 241756.80 2012-06-29 215682.00 241756.80 80.70 243937.80 2012-12-31 CNY HML [+]
Gross National Product 516282.10 2012-06-29 468562.40 516282.10 679.00 520586.64 2012-12-31 CNY HML [+]
GDP per capita 3348.01 2012-12-31 3120.93 3348.01 85.52 3685.29 2014-06-30 USD [+]
GDP per capita PPP 7957.62 2012-12-31 7417.89 7957.62 523.95 8759.27 2014-06-30 USD [+]
GDP Growth Rate 1.40 2014-02-15 1.70 2.50 1.40 2.06 2014-06-30 Percent [+]
GDP Annual Growth Rate 7.40 2014-03-31 7.70 14.20 3.80 7.40 2014-06-30 Percent [+]
GDP 8230.00 2012-12-31 7320.00 8230.00 46.50 9768.86 2014-06-30 USD Billion [+]
[+]


GDP | Notes
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output. GDP can be defined in three ways, which should give identical results. First, it is equal to the total expenditures for all final goods and services produced within the country in a specified period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production by all the industries, plus taxes and minus subsidies on products. Third, it is equal to the sum of the income generated by production like compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.


RELATED NEWS

China Cuts Reserve Ratio for Rural Banks  
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.
China’s Economy Expands 1.4% QoQ in Q1  
In the first three months of 2014, the Chinese GDP slowed for the third straight quarter. The economy expanded 1.4 percent quarter-on-quarter, down from a revised 1.7 percent increase in the last three months of 2013.
Chinese GDP Growth Slows in Q1  
China’s economy advanced 7.4 percent in the first quarter of 2014, slowing from a 7.7 percent expansion in the previous period, but beating market forecasts. It is the lowest growth since the third quarter of 2012, as exports and imports contracted and growth in fixed asset investment eased.
China Inflation Rate Accelerates in March  
Higher fresh food prices boosted Chinese annual consumer prices up to 2.4 percent in March of 2014, after slowing to 2 percent in the previous month. On a monthly basis, prices fell 0.5 percent.
China Reports Trade Surplus in March  
China's exports declined 6.6 percent in March of 2014 from a year earlier, while imports dropped 11.3 percent, leaving the country with a trade surplus of USD 7.7 billion. Although the trade balance rebounded from its USD 23 billion deficit in February, it was the second consecutive month exports contracted.
PBOC Widens Yuan’s Daily Trading Band  
People’s Bank of China decided on March 15th, 2014 to widen the trading band, allowing the Yuan to fluctuate by 2 percent from the parity daily, up from the previous 1 percent target. The decision, effective from March 17th aims to enable the market to play its roles and make the Yuan a freer currency.
China Inflation Decelerates in February  
Chinese annual inflation rate slowed to 2 percent in February after growing 2.5 percent in each of previous two months. It was the lowest rate in thirteen months.
China Posts Trade Deficit in February  
Chinese trade balance turned into a USD 22.9 billion deficit in February of 2014, the highest in two years, as exports tumbled 18 percent over a year earlier on Lunar Year distortions.
People’s Bank of China Drains Funds to Curb Lending Surge  
On February 18th, 2014, People’s Bank of China drained CNY 48 billion (USD 7.9 billion) from money markets to absorb liquidity, as bank lending jumped more than expected in January.
China Annual Inflation Rate Rises 2.5% in January  
China's consumer prices rate held steady at 2.5 percent in January, while producer prices fell 1.6 percent, official data from the National Bureau of Statistics showed.
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LATEST NEWS

US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
Hong Kong Unemployment Rate Unchanged in March  
Hong Kong’ seasonally adjusted jobless rate remained steady at 3.1 percent for the third consecutive period in January to March of 2014, down from 3.5 percent a year earlier.
Hong Kong Inflation Rate Unchanged in March  
Hong Kong annual consumer prices rose 3.9 percent in March of 2014, the same rate recorded in February. In the first quarter of 2014, the inflation rate rose by 4.2 percent over a year earlier. The corresponding increase after netting out the effects of all Government's one-off relief measures was 3.8 percent.
China Cuts Reserve Ratio for Rural Banks  
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.
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