China's 2019 gross domestic product (GDP) has been revised down to 6.0% to 98.65 trillion yuan ($15.12 trillion), according to a statement from the National Bureau of Statistics on Wednesday. China's 2019 GDP, nearing 100 trillion yuan ($14.54 trillion), roughly equals to the sum of the 2018 GDP of Japan, Germany, the UK and France combined, said Ning. The gross domestic product (GDP) of China in 2019 was 99,086.5 billion yuan, up by 6.1% over the previous year according to preliminary estimation of National Bureau of Statistics of China. Which China city economies are the driving force behind Mainland China's huge & growing GDP figures? BEIJING (BLOOMBERG) - China revised down its official GDP growth rate for 2019 to 6 per cent from 6.1 per cent, mainly due to a lower estimate for manufacturing output, a … Publish your articles and forecasts in our website. HANGZHOU, Nov. 23 (Xinhua) -- China's digital economy reached 35.8 trillion yuan (5.45 trillion U.S. dollars) in 2019, accounting for 36.2 percent of the country's total GDP, according to a report released by the Chinese Academy of Cyberspace Studies. Exports of goods and services (% of GDP) - China from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). BEIJING (Reuters) - China’s 2019 gross domestic product (GDP) has been revised down to 6.0% to 98.65 trillion yuan ($15.12 trillion), according to a … The gross domestic product (GDP) measures of national income and output for a given country's economy. China is the second-largest economy considering nominal GDP, at $14.14 trillion, and the largest using GDP (PPP), which is $27.31 trillion. Analysts polled by Reuters forecast China’s economy to have grown 6.1% in … China’s gross domestic product (GDP) in 2019 was revised to 98.65 trillion yuan (about 15.1 trillion U.S. dollars), official data showed Wednesday. Selected Countries and Economies. In 2019, the annual real growth of the gross domestic product (GDP) in different regions in China varied from around 9.3 percent in Guizhou province to 3.0 percent in Jilin province. According to the latest estimate, China’s nominal GDP was 98.7 trillion yuan in 2019. China said Friday its economy grew by 6.1% in 2019, in line with expectations. 1960-2019 Data | 2020-2021 Forecast | Historical | Chart | News. The Gross Domestic Product (GDP) in China was worth 14342.90 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Direct access to our calendar releases and historical data. China revises preliminary calculation of 2019 GDP. China posted a GDP growth of 6.6% in 2018, which was the lowest since 1990 at the time. China's GDP grew 4.9 percent in the third quarter, bringing the growth in the first three quarters to 0.7 percent compared with a year ago. The total value of imports and exports between China and countries along the Belt and Road was 9,269.0 bill… The income generated by state-owned enterprises accounted for about 40% of China's GDP of US$14.4 trillion in 2019, with domestic and foreign private businesses and investment a… Of this total, the value of goods exported was 17,234.2 billion yuan, up by 5.0 percent; the value of goods imported was 14,316.2 billion yuan, up by 1.6 percent. At constant prices, the 2019 GDP increased 6 percent from one year earlier, according to the NBS. This is slightly lower than what the market expected, but it is reasonable as a … The economy of the People's Republic of China, described as socialism with Chinese characteristics since the 12th National Congress of the Communist Party of China in 1982, is a mixed socialist market economy which is composed of state-owned enterprises and domestic and foreign private businesses and uses economic planning. LATEST: 2019 Article IV Consultation Staff Report - August 9, 2019 English | Chinese Press Release: IMF Executive Board Concludes 2019 Article IV Consultation with the People’s Republic of China - August 9, 2010 English | Chinese Gross domestic product 2019 (millions of Ranking Economy US dollars) USA 1 United States 21,427,700 CHN 2 China 14,342,903 JPN 3 Japan 5,081,770 DEU 4 Germany 3,845,630 IND 5 India 2,875,142 GBR 6 United Kingdom 2,827,113 China's gross domestic product (GDP) in 2019 was revised to 98.65 trillion yuan (about 15.1 trillion U.S. dollars), official data showed Wednesday. The GDP value of China represents 11.81 percent of the world economy. Quarterly GDP Value Quarterly Growth Annual GDP growth (T) For the third quarter in 2019, China’s GDP growth has increased by 6.0%, which is slower than the 6.2% in Q2, and 6.4% in Q1. DataBank. The bureau revises each year's GDP through two procedures, the preliminary calculation and final verification. The Trading Economics Application Programming Interface (API) provides direct access to our data. The manufacturing sector saw the largest change -- with value-added output reduced by 503.8 billion yuan from an earlier estimate -- followed by the finance, transportation and construction sectors. China's National Bureau of Statistics on Wednesday revised the national growth rate for 2019 lower to 6.0% from 6.1%. GDP (current US$) - China from The World Bank: Data. ... 1960 - 2019 GDP growth (annual ... GDP per capita growth (annual %) Download. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Download historical data for 20 million indicators using your browser. GDP per capita in China averaged 1872.51 USD from 1960 until 2019, reaching an all time high of 8254.30 USD in 2019 and a record low of 132.10 USD in 1962. CSV XML EXCEL. … Hong Kong's economy is worse affected, as its GDP shrank by 1.9% in 2019… The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. GDP growth in China 2009-2019, by economic sector Quarterly gross domestic product (GDP) growth rate in China Q3 2018-Q3 2020 GDP growth in Beijing, China 2008-2018, by sector The total value of imports and exports of goods in 2019 reached 31,550.5 billion yuan, up by 3.4 percent over that of the previous year. The surplus of trade in goods reached 2,918.0 billion yuan, up by 593.2 billion yuan over that of the previous year. United States remains the largest economy of the world with GDP (Nominal) over $20 … China's GDP Data of Q1 2019 - Q3 2020 Infographic: GT . That's below last year's 6.6% rate of expansion, which was already China… China's government last month predicted economic growth of between 6% and 6.5% in 2019. Online tool for visualization and analysis. China's year-on-year GDP growth reached 6.1 percent in 2019, compared with 6.6 percent in 2018, the National Bureau of Statistics said on Friday. The amount represents a reduction of 435 billion yuan, or 0.1 percentage points, from the preliminary calculation, data from the final verification conducted by the National Bureau of Statistics (NBS) showed. Driven largely by changes to data in China’s manufacturing industry, revision puts nation’s 2019 GDP growth at the lowest end of what had been Beijing’s official target range for the year. The preliminary calculation of GDP is revised in a final verification based on the annual statistical data, fiscal final accounts and related departments' financial records. WDI Tables. As the second-largest economy in the world, China has seen an average growth rate of 9.52% between 1989 and 2019. China's gross domestic product (GDP) in 2019 was revised to 98.65 trillion yuan (about 15.1 trillion U.S. dollars), official data showed Wednesday. This page provides - China GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news. As China's best-known cities, it is no surprise that 2019 data popular in Chinese media identified Shanghai & Beijing as the cities with the largest GDP, but few … China Foreign Reserves at Over 4-1/2-Year High, China Services Growth Remains Solid: Caixin, China Private Sector Growth Remains Robust: Caixin, China Factory Growth Slows but Remains Strong: Caixin, China Services Growth Slows From Over 8-Year High, China Manufacturing Growth Eases Slightly in December, China Industrial Profits Rise 2.4% YoY in Jan-Nov, Egypt Inflation Rate Eases to 5.4% in December, FDI into the Philippines Smallest in 6 Months, Brazilian Shares Finish at New Record High, WTI Crude Books Big Weekly Gain after Saudi Arabia Cut. 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