China GDP Annual Growth Rate

The Gross Domestic Product (GDP) in China expanded 7.70 percent in the first quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in China is reported by the National Bureau of Statistics of China. Historically, from 1989 until 2013, China GDP Annual Growth Rate averaged 9.22 Percent reaching an all time high of 14.20 Percent in December of 1992 and a record low of 3.80 Percent in December of 1990. 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 includes a chart with historical data for China GDP Annual Growth Rate.

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China GDP Annual Growth Rate
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China GDP Growth Disappoints in Q1
contact@tradingeconomics.com  |  5/22/2013 2:18:14 PM


China's economic recovery unexpectedly stumbled in the first three months of 2013 as the annual rate of growth eased back to 7.7 percent from the 7.9 percent pace set in the final quarter of last year.

Domestic consumption was the biggest driver of growth in Q1, delivering 4.3 percentage points of the 7.7 percent total. Capital formation delivered 2.3 percentage points while exports generated the 1.1 percentage point balance.

China's real estate investment rose 20.2 percent Q1 on a year earlier, while revenues from property sales rose 61.3 percent, adding to worries of an unsustainable house price boom.

Quarter on quarter, Q1 GDP expanded 1.6 percent, according to National Bureau of Statistics data.





GDP Annual Growth Rate | Notes

The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.






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