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

The Gross Domestic Product (GDP) in China expanded 7.30 percent in the fourth quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in China averaged 9.08 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.

      Forecast    
China GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
7.30 7.30 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. Content for - China GDP Annual Growth Rate - was last refreshed on Monday, March 30, 2015.


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.

Full-year economic growth in 2014 reached 7.4 percent, undershooting the government's target of 7.5 percent and marking the weakest expansion in 24 years. Consumption contributed 51.2 percent of the GDP growth last year, up 3 percentage points from a year earlier. Services made up 48.2 percent of the economy, up 1.3 percentage points.

Quarter-on-quarter, the GDP expanded 1.5 percent, compared with a 1.9 percent growth reported from July to September.

In the final month of 2014, industrial output and retail sales beat expectations. Industrial output increased 7.9 percent year-on-year, rising from 7.2 percent a month earlier. Retail sales grew 11.9 per cent, accelerating from a 11.7 percent in November. Fixed asset investment, a key driver of the economy, grew only 15.7 percent in 2014.

In spite of better than expected results at the end of 2014, more stimulus measures are widely expected in 2015 as deflationary pressure persists and the slowdown in the estate market is expected to continue.


Anna Fedec | anna@tradingeconomics.com
1/20/2015 11:05:50 AM


Recent Releases

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'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. Published on 2014-07-16


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-07-16 03:00 AM
GDP Growth Rate YoY  Q2
7.5% 7.4% 7.4% 7.4%
2014-10-21 03:00 AM
GDP Growth Rate YoY  Q3
7.3% 7.5% 7.2% 7.12%
2015-01-20 02:00 AM
GDP Growth Rate YoY  Q4
7.3% 7.3% 7.2% 7.2%
2015-04-15 03:00 AM
GDP Growth Rate YoY  Q1
7.3% 7.45%
2015-07-15 03:00 AM
GDP Growth Rate YoY  Q2
7.52%
2015-10-19 03:00 AM
GDP Growth Rate YoY  Q3
7.26%


China GDP Last Previous Highest Lowest Unit
GDP 9240.27 8230.00 9240.27 46.50 USD Billion [+]
GDP Growth Rate 1.50 1.90 2.50 1.40 percent [+]
GDP Annual Growth Rate 7.30 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 7.30 Nov/14 7.30 14.20 3.80 percent [+]
Euro Area 0.90 Nov/14 0.80 5.00 -5.50 percent [+]
France 0.24 Nov/14 0.41 12.50 -3.92 percent [+]
Germany 1.60 Nov/14 1.20 5.20 -6.80 percent [+]
India 7.50 Nov/14 8.20 11.40 -5.20 percent [+]
Indonesia 5.01 Nov/14 4.92 7.16 1.56 percent [+]
Italy -0.50 Nov/14 -0.50 10.30 -6.90 percent [+]
Japan -0.80 Nov/14 -1.40 9.40 -9.40 percent [+]
Mexico 2.60 Nov/14 2.20 8.50 -8.10 percent [+]
Netherlands 1.40 Nov/14 1.00 5.80 -4.40 percent [+]
Russia 0.70 Aug/14 0.80 12.10 -11.20 percent [+]
South Korea 2.70 Nov/14 3.20 18.20 -7.30 percent [+]
Spain 2.50 Feb/15 2.00 5.80 -4.40 percent [+]
Switzerland 1.90 Nov/14 1.90 7.30 -3.70 percent [+]
Turkey 1.70 Aug/14 2.20 12.60 -14.70 percent [+]
United Kingdom 2.70 Nov/14 2.60 9.80 -5.80 percent [+]
United States 2.40 Nov/14 2.70 13.40 -4.10 percent [+]