China GDP Annual Growth Rate

The Gross Domestic Product (GDP) in China expanded 7.50 percent in the second quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in China averaged 9.10 Percent from 1989 until 2014, reaching an all time high of 14.20 Percent in the fourth quarter of 1992 and a record low of 3.80 Percent in the fourth quarter of 1990. GDP Annual Growth Rate in China is reported by the National Bureau of Statistics of China.


China GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.50 7.40 14.20 3.80 1989 - 2014 Percent Quarterly
In China, Gross Domestic Product is divided by three sectors: Primary, Secondary and Tertiary. The Primary Industry includes Farming, Forestry, Animal Husbandry, and Fishery and accounts for around 9 percent of GDP. The Secondary sector, which includes Industry (40 percent of GDP) and Construction (9 percent of GDP) is the most important. The Tertiary sector accounts for the remaining 44 percent of total output and consist of Wholesale and Retail Trades; Transport, Storage, and Post; Financial Intermediation; Real Estate; Hotel and Catering Services and Others. This page provides - China GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China's Economy Expands 7.5% in Q2

China's GDP grew 7.5 percent from April to June from a year earlier, slightly more than expectations and up from 7.4 percent in the first quarter boosted by a series of stimulus measures announced by the government in April.

After weak data early in the year, the government launched a series of small stimulus measures including further expansion of the rail network, increased spending on public housing construction projects. In May, Premier Li Keqiang said that targeted growth of 7.5 percent for 2014 is a minimum level.

Although exports growth rebounded in April, May and June and factory output rose more than expected in June more support may be needed in coming months to sustain the growth. In the first six months, fixed asset investment climbed 17.3 percent yoy, 0.3 percentage point slower than the first quarter. Also in June, retail sales rose 12.4 percent yoy, down from 12.5 percent growth in May.

Quarter-on-quarter, the GDP expanded 2 percent, compared with a revised 1.5 percent pace in the first three months of 2014.

7/16/2014 12:38:02 PM

Recent Releases

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. Published on 2014-04-16

Chinese Economy Slows in Q4 of 2013
In the fourth quarter of 2013, China’s GDP advanced 7.7 percent over a year earlier, slowing from 7.8 percent in the previous quarter, but beating market expectations. The economy expanded 7.7 percent in 2013, the same rate recorded in 2012 and higher than the official target of 7.5 percent. Published on 2014-01-20

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-10-18 03:00 AM China
GDP Growth Rate YoY
Q3 2013 7.8% 7.5% 7.8% 7.61%
2014-01-20 02:00 AM China
GDP Growth Rate YoY
Q4 2013 7.7% 7.8% 7.6% 7.5%
2014-04-16 03:00 AM China
GDP Growth Rate YoY
Q1 2014 7.4% 7.7% 7.3% 7.5%
2014-07-16 03:00 AM China
GDP Growth Rate YoY
Q2 2014 7.5% 7.4% 7.4% 7.4%
2014-10-21 03:00 AM China
GDP Growth Rate YoY
Q3 2014 7.5% 7.58%

GDP Last Previous Highest Lowest Unit
GDP 9240.27 8230.00 9240.27 46.50 USD Billion [+]
GDP Growth Rate 2.00 1.50 2.50 1.40 Percent [+]
GDP Annual Growth Rate 7.50 7.40 14.20 3.80 Percent [+]
Gross National Product 566130.20 516282.10 566130.20 679.00 CNY HML [+]
GDP per capita 3583.38 3344.54 3583.38 85.52 USD [+]
Gross Fixed Capital Formation 269075.40 241756.80 269075.40 80.70 CNY HML [+]
GDP per capita PPP 7957.62 7417.89 7957.62 523.95 USD [+]

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