China GDP Growth Rate

The Gross Domestic Product (GDP) in China expanded 1.40 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in China is reported by the National Bureau of Statistics of China. GDP Growth Rate in China averaged 1.95 Percent from 2010 until 2014, reaching an all time high of 2.60 Percent in the second quarter of 2011 and a record low of 1.40 Percent in the first quarter of 2012. In China, the growth rate in GDP measures the change in the seasonally adjusted value of the goods and services produced by the Chinese economy during the quarter. China's economy is the second largest in the world after that of the United States. During the past 30 years China's economy has changed from a centrally planned system that was largely closed to international trade to a more market-oriented that has a rapidly growing private sector. A major component supporting China's rapid economic growth has been exports growth. This page provides - China GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.40 1.70 2.60 1.40 2.06 | 2014/06 2010 - 2014 Percent Quarterly


China GDP Growth Rate

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-07-15 03:00 AM China
GDP Growth Rate QoQ
Q2 2013 1.7% 1.6% 1.8% 1.61%
2013-10-18 03:00 AM China
GDP Growth Rate QoQ
Q3 2013 2.2% 1.7% 1.9% 1.72%
2014-01-20 02:00 AM China
GDP Growth Rate QoQ
Q4 2013 1.8% 2.2% 1.9% 2.06%
2014-04-16 03:00 AM China
GDP Growth Rate QoQ
Q1 2014 1.4% 1.7% (R) 1.4% 1.77%
2014-07-16 02:00 AM China
GDP Growth Rate QoQ
Q2 2014 1.4% 2.06%
2014-10-21 02:00 AM China
GDP Growth Rate QoQ
Q3 2014 1.95%

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 3566.43 2013-12-31 USD [+]
GDP per capita PPP 7957.62 2012-12-31 7417.89 7957.62 523.95 8490.65 2013-12-31 USD [+]
GDP Growth Rate 1.40 2014-02-15 1.70 2.60 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 9272.35 2013-12-31 USD Billion [+]

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.

The economy expanded at its slowest pace since the second quarter of 2010. It is also the lowest growth rate since China officially started to release quarter-on-quarter figures in the last three months of 2010.

Official data showed that investment in fixed assets decelerated in March, but both industrial production and retail sales increased at a faster pace than in the previous month. 

The value added of industrial enterprises accelerated for the third straight month and grew 0.81 percent over the previous month and retail sales increased at its fastest pace in twelve months by 1.23 percent over February. In contrast, investment in fixed asset, the most important driver of the Chinese economy, slowed for the fourth consecutive month in March to show a 1.24 percent increase month-over-month.

Year-on-year, the economy expanded 7.4 percent. The government has already taken some steps to stabilize the economy, targeting a 7.5 percent growth rate for 2014.

NBS | Joana Taborda |
4/16/2014 11:59:59 AM


China’s GDP Expands 1.8% QoQ in Q4 2013
In the fourth quarter of 2013, China’s GDP expanded a seasonally adjusted 1.8 percent over the previous quarter, down from a 2.2 percent rise in the previous three-month period. While consumption contributed to 50 percent of GDP and investment to 54.4 percent, trade of goods and services was a negative 4.4 percent. Published on 2014-01-20

China's Quarterly GDP Growth Up to 2.2% in Q3
In the third quarter of 2013, the Chinese economy expanded 2.2 percent quarter-on-quarter, up from a growth rate of 1.7 percent in Q2 of 2013. China's GDP benefited from an investment pick up fueled by looser monetary policy. Published on 2013-10-18

GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


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.
China's Trade Surplus Widens in January  
China's exports beat expectations, rising 10.6 percent from a year earlier in January, while imports jumped 10 percent, leaving the country with a trade surplus of $31.9 billion.


Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News