China GDP Annual Growth Rate  1989-2016 | Data | Chart | Calendar

The Chinese economy advanced an annual 6.7 percent in the second quarter of 2016, the same pace as in the previous quarter. The figure was slightly above market expectations, driven by a faster increase in industrial output, retail sales and new yuan loans while fixed-asset investment eased. On a quarterly basis, the GDP expanded by 1.8 percent, compared to an upwardly revised 1.2 percent growth in the first quarter. It was the strongest expansion in three quarters. GDP Annual Growth Rate in China averaged 9.82 percent from 1989 until 2016, reaching an all time high of 15.40 percent in the first quarter of 1993 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
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Actual Previous Highest Lowest Dates Unit Frequency
6.70 6.70 15.40 3.80 1989 - 2016 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 GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-01-19 02:00 AM Q4 6.8% 6.9% 6.8% 6.8%
2016-04-15 02:00 AM Q1 6.7% 6.8% 6.7% 6.8%
2016-07-15 02:00 AM Q2 6.7% 6.7% 6.6% 6.6%
2016-10-20 02:00 AM Q3 6.7% 6.6%

China GDP Growth Beats Estimates in Q2


The Chinese economy advanced an annual 6.7 percent in the second quarter of 2016, the same pace as in the previous quarter. The figure was slightly above market expectations, driven by a faster increase in industrial output, retail sales and new yuan loans while fixed-asset investment eased.

Fixed-asset investment grew by 9.0 percent from a year earlier in January to June 2016, compared to a 9.6 percent rise in the first five months of 2016 and below market estimates of a 9.4 percent increase. Investment by private firms rose 2.8 percent year-on-year, slowing from a 3.9 percent growth in January to May 2016.

In June, industrial production expanded 6.2 percent year-on-year, up from 6.0 percent in May and better than market forecasts of a 5.9 percent growth. By categories, manufacturing output grew by 7.2 percent, followed by electricity, gas and water production and water supply (+4.0 percent). In contrast, the mining sector fell 2.4 percent. 

Retail sales rose at a faster 10.6 percent year-on-year, quickening from 10.0 percent in May and beating market expectations of a 10.0 percent growth. 

Figures released earlier showed exports fell 4.8 percent year-on-year to USD180.3 billion in June 2016, worse than market expectations of a 4.1 percent drop. In the last twelve months exports rose only in March (10.7 percent). Imports dropped by 8.4 percent to USD132.2 billion.  following a 0.4 percent decline in May and market expectations of a 5 percent drop. It is the 20th straight month of decline.

Considering the first half of the year, the services sector expanded 7.5 percent, down slightly from 7.6 percent in the first quarter. The industry sector advanced 6.1 percent, compared to a 5.8 percent growth in the previous three months. 

From January to June of 2016, final consumption accounted for 73.4 percent of Chinese economy. Meanwhile, investment contributed 37 percent of growth and net exports were a 10.4 percent drag on growth.

For 2016, the Chinese government is targeting the economy to grow between 6.5 to 7.0 percent. A year earlier, the economy expanded by 6.9 percent, the weakest since 1990.

On a quarterly basis, the GDP expanded by 1.8 percent, compared to an upwardly revised 1.2 percent growth in the first quarter. It was the strongest expansion in three quarters.

National Bureau of Statistics l Rida Husna | rida@tradingeconomics.com
7/15/2016 1:22:26 PM

China GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.80 1.20 2.50 1.20 percent [+]
GDP Annual Growth Rate 6.70 6.70 15.40 3.80 percent [+]
GDP 10866.44 10351.11 10866.44 46.69 USD Billion [+]
Gross National Product 673837.10 634367.30 673837.10 679.00 CNY HML [+]
Gross Fixed Capital Formation 292396.50 283017.60 292396.50 80.70 CNY HML [+]
GDP per capita 6416.18 6032.62 6416.18 130.14 USD [+]
GDP per capita PPP 13400.27 12599.19 13400.27 1516.21 USD [+]
GDP Constant Prices 340637.00 158526.00 676708.00 5234.80 CNY HML [+]
GDP From Agriculture 22097.00 8803.00 60863.00 651.80 CNY HML [+]
GDP From Construction 19878.00 7438.00 46456.00 181.90 CNY HML [+]
GDP From Manufacturing 114943.00 52335.00 228974.00 2207.80 CNY HML [+]
GDP From Services 184290.00 90214.00 341567.00 2200.20 CNY HML [+]
GDP From Transport 15537.00 7249.00 30364.00 393.20 CNY HML [+]




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Papua New Guinea 9.00 Dec/15
Palestine 8.00 Mar/16
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Uzbekistan 7.80 Jun/16
Congo 7.70 Dec/15
Rwanda 7.30 Mar/16
Monaco 7.20 Dec/14
Tanzania 7.10 Dec/15
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Laos 7.00 Dec/15
Myanmar 7.00 Dec/15
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Dominican Republic 6.10 Dec/15
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Zambia 5.00 Dec/15
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Ghana 4.90 Mar/16
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Sudan 4.90 Dec/15
Costa Rica 4.80 Mar/16
Turkey 4.80 Mar/16
Gambia 4.70 Dec/15
Mali 4.70 Dec/15
Panama 4.60 Mar/16
Bahrain 4.50 Mar/16
Armenia 4.40 Mar/16
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Cuba 4.30 Dec/15
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Fiji 4.00 Dec/15
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Mauritius 3.70 Mar/16
Brunei 3.60 Mar/16
Honduras 3.60 Dec/15
Namibia 3.50 Mar/16
Serbia 3.50 Mar/16
Lesotho 3.40 Dec/15
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Comoros 3.20 Dec/15
South Korea 3.20 Jun/16
Spain 3.20 Jun/16
Thailand 3.20 Mar/16
Australia 3.10 Mar/16
Mauritania 3.10 Dec/15
Mongolia 3.10 Mar/16
Sweden 3.10 Jun/16
Albania 3.00 Mar/16
Czech Republic 3.00 Mar/16
Guyana 3.00 Dec/15
Madagascar 3.00 Dec/15
Poland 3.00 Mar/16
Bulgaria 2.90 Mar/16
Malawi 2.90 Dec/15
Maldives 2.90 Dec/15
Botswana 2.80 Mar/16
Guatemala 2.80 Mar/16
New Zealand 2.80 Mar/16
Croatia 2.70 Mar/16
Cyprus 2.70 Mar/16
Cameroon 2.60 Dec/15
El Salvador 2.60 Dec/15
Georgia 2.60 Mar/16
Somalia 2.60 Dec/14
Colombia 2.50 Mar/16
Slovenia 2.50 Mar/16
Iraq 2.40 Dec/15
Ireland 2.30 Mar/16
Jordan 2.30 Mar/16
Singapore 2.20 Jun/16
United Kingdom 2.20 Jun/16
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Mar/16
Latvia 2.10 Jun/16
Chile 2.00 Mar/16
Macedonia 2.00 Mar/16
Cayman Islands 1.90 Sep/15
European Union 1.80 Jun/16
Lithuania 1.80 Jun/16
Estonia 1.70 Mar/16
Haiti 1.70 Dec/15
Israel 1.70 Mar/16
Swaziland 1.70 Dec/15
Euro Area 1.60 Jun/16
Finland 1.60 Mar/16
Netherlands 1.50 Mar/16
Paraguay 1.50 Mar/16
Saudi Arabia 1.50 Mar/16
Zimbabwe 1.50 Dec/15
Belgium 1.40 Jun/16
France 1.40 Jun/16
Mexico 1.40 Jun/16
Morocco 1.40 Jun/16
Germany 1.30 Mar/16
Austria 1.20 Jun/16
Bahamas 1.20 Dec/15
Republic of the Congo 1.20 Dec/15
United States 1.20 Jun/16
Canada 1.10 Mar/16
Montenegro 1.10 Mar/16
Italy 1.00 Mar/16
Lebanon 1.00 Dec/15
Tunisia 1.00 Mar/16
Barbados 0.90 Dec/15
Hungary 0.90 Mar/16
Portugal 0.90 Mar/16
Hong Kong 0.80 Mar/16
Moldova 0.80 Mar/16
Nepal 0.77 Dec/15
Jamaica 0.70 Dec/15
Norway 0.70 Mar/16
Switzerland 0.70 Mar/16
Taiwan 0.69 Jun/16
Iran 0.60 Mar/15
Argentina 0.49 Mar/16
Denmark 0.30 Mar/16
Eritrea 0.30 Dec/15
Liberia 0.30 Dec/15
New Caledonia 0.30 Dec/14
Suriname 0.20 Dec/15
Guinea 0.10 Dec/15
Japan 0.10 Mar/16
Kazakhstan 0.10 Jun/16
Ukraine 0.10 Mar/16
South Africa -0.20 Mar/16
Nigeria -0.40 Mar/16
Uruguay -0.50 Mar/16
Puerto Rico -0.60 Dec/15
Liechtenstein -0.80 Dec/14
North Korea -1.10 Dec/15
Russia -1.20 Mar/16
Greece -1.30 Mar/16
Uganda -1.30 Mar/16
Kuwait -1.60 Dec/14
Belize -1.96 Mar/16
Kyrgyzstan -2.30 Jun/16
Syria -2.30 Dec/11
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Azerbaijan -3.50 Mar/16
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Brazil -5.40 Mar/16
Libya -6.00 Dec/15
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Oman -14.10 Dec/15
Sierra Leone -21.50 Dec/15
Yemen -28.10 Dec/15