China GDP Annual Growth Rate 1989-2015 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in China expanded 7 percent in the first quarter of 2015 over the same quarter of the previous year. GDP Annual Growth Rate in China averaged 9.06 percent from 1989 until 2015, 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.

      Forecast
China GDP Annual Growth Rate
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
7.00 7.30 14.20 3.80 1989 - 2015 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. Content for - China GDP Annual Growth Rate - was last refreshed on Saturday, May 23, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-10-21 03:00 AM Q3 7.3% 7.5% 7.2% 7.12%
2015-01-20 02:00 AM Q4 7.3% 7.3% 7.2% 7.2%
2015-04-15 03:00 AM Q1 7.0% 7.3% 7% 7.1%
2015-07-15 03:00 AM Q2 7.0% 7.52%
2015-10-19 03:00 AM Q3 7.26%


China GDP Growth at 6-Year Low


The Chinese economy expanded 7.0 percent in the first quarter of 2015, down from a 7.3 percent increase in the previous three-month period. It is the lowest growth rate since the March quarter of 2009, due to a slowdown in manufacturing and property investment.

Year-on-year, fixed asset investment increased at a slower 13.5 percent in the first quarter of 2015, down from 13.9 percent in the first two months of the year. Property investment rose 8.5 percent in the first quarter, compared with a 10.4 percent increase in January to February. 

The industrial sector expanded 6.4 percent in the first three months of 2015. The manufacturing sector rose 7.2 percent, mining was up 3.2 percent and the production and supply of electricity, heat, gas and water increased 2.3 percent.

Separate data for the March month showed industrial production expanded 5.6 percent year-on-year, the weakest since November of 2008. Retail sales rose 10.2 percent, easing from 10.7 percent in February. Meanwhile, exports shrank 15 percent, following a 48.3 percent rise in the preceding month. Imports also declined by 12.7 percent after registering a 20.5 percent drop in February.

On quarterly basis, the GDP expanded 1.3 percent, compared to 1.5 percent in the December 2014 quarter. 

In 2014, the country's economy advanced by 7.4 percent, the slowest pace in 24 years. Premier Li Keqiang acknowledged the economy is facing increased downward pressures while markets widely expect more stimulus measures. The IMF projects China's economy to grow 6.8 percent in 2015.

National Bureau Statistics l Rida Husna l rida@tradingeconomics.com
4/15/2015 9:37:43 AM


Recent Releases

Chinese Economy Expands 7.3% in Q4
China's GDP grew 7.3 percent year-on-year in the fourth quarter of 2014, the same as in the previous period and slightly better than expected. Like in Q3, cooling property market, weakening investment and unstable exports weighted on the growth. Published on 2015-01-20

China GDP Growth at Five-Year Low
In the third quarter of 2014, China's gross domestic product expanded 7.3 percent year-on-year, slumping to a five-year low. The slowdown was driven by lower property investment, dwindling credit growth and weakening industrial production. Published on 2014-10-21


China GDP Last Previous Highest Lowest Unit
GDP 9240.27 8230.00 9240.27 46.50 USD Billion [+]
GDP Growth Rate 1.30 1.50 2.50 1.40 percent [+]
GDP Annual Growth Rate 7.00 7.30 14.20 3.80 percent [+]
Gross National Product 566130.20 518214.70 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 11524.57 10756.46 11524.57 1554.01 USD [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.50 Nov/14 2.70 9.00 -3.40 percent [+]
Brazil -0.20 Nov/14 -0.60 10.10 -3.15 percent [+]
Canada 2.63 Nov/14 2.75 8.80 -3.70 percent [+]
China 7.00 Feb/15 7.30 14.20 3.80 percent [+]
Euro Area 1.00 Feb/15 0.90 5.00 -5.60 percent [+]
France 0.70 Feb/15 0.00 12.50 -3.92 percent [+]
Germany 1.10 Feb/15 1.60 5.20 -6.80 percent [+]
India 7.50 Nov/14 8.20 11.40 -5.20 percent [+]
Indonesia 4.71 Feb/15 5.01 7.16 1.56 percent [+]
Italy 0.00 Feb/15 -0.50 10.30 -6.90 percent [+]
Japan -1.40 Feb/15 -0.90 9.40 -9.40 percent [+]
Mexico 2.50 Feb/15 2.60 8.50 -8.10 percent [+]
Netherlands 2.40 Feb/15 1.40 5.80 -4.40 percent [+]
Russia -1.90 Feb/15 0.40 12.10 -11.20 percent [+]
South Korea 2.40 Feb/15 2.70 18.20 -7.30 percent [+]
Spain 2.60 Feb/15 2.00 5.80 -4.40 percent [+]
Switzerland 1.90 Nov/14 1.90 7.30 -3.70 percent [+]
Turkey 2.60 Nov/14 1.90 12.60 -14.70 percent [+]
United Kingdom 2.40 Feb/15 3.00 9.80 -5.80 percent [+]
United States 3.00 Feb/15 2.40 13.40 -4.10 percent [+]