China (People's Republic of China) Economic Statistics and Indicators

20, Sep 2020, EDT. Welcome to the China economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: China (People's Republic of China) › Change country
National or Regional Currency: Yuan Renminbi, RMB
Year of data: 2015 › Change year
Number of Indicators Listed: 38
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 1,355,692,576 (July 2014 est.)
Area: total: 9,596,960 sq km ; land: 9,326,410 sq km ; water: 270,550 sq km
Natural Resources: coal, iron ore, petroleum, natural gas, mercury, tin, tungsten, antimony, manganese, molybdenum, vanadium, magnetite, aluminum, lead, zinc, rare earth elements, uranium, hydropower potential (world's largest)
Capital: name: Beijing ; geographic coordinates: 39 55 N, 116 23 E ; time difference: UTC+8 (13 hours ahead of Washington, DC, during Standard Time) ; note: despite its size, all of China falls within one time zone; many people in Xinjiang Province observe an unofficial "Xinjiang time zone" of UTC+6, two hours behind Beijing

Since the late 1970s China has moved from a closed, centrally planned system to a more market-oriented one that plays a major global role - in 2010 China became the world's largest exporter. Reforms began with the phasing out of collectivized agriculture, and expanded to include the gradual liberalization of prices, fiscal decentralization, increased autonomy for state enterprises, growth of the private sector, development of stock markets and a modern banking system, and opening to foreign trade and investment. China has implemented reforms in a gradualist fashion. In recent years, China has renewed its support for state-owned enterprises in sectors considered important to "economic security," explicitly looking to foster globally competitive industries. After keeping its currency tightly linked to the US dollar for years, in July 2005 China moved to an exchange rate system that references a basket of currencies. From mid 2005 to late 2008 cumulative appreciation of the renminbi against the US dollar was more than 20%, but the exchange rate remained virtually pegged to the dollar from the onset of the global financial crisis until June 2010, when Beijing allowed resumption of a gradual appreciation and expanded the daily trading band within which the RMB is permitted to fluctuate. The restructuring of the economy and resulting efficiency gains have contributed to a more than tenfold increase in GDP since 1978. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, China in 2013 stood as the second-largest economy in the world after the US, having surpassed Japan in 2001. The dollar values of China's agricultural and industrial output each exceed those of the US; China is second to the US in the value of services it produces. Still, per capita income is below the world average. The Chinese government faces numerous economic challenges, including: (a) reducing its high domestic savings rate and correspondingly low domestic consumption; (b) facilitating higher-wage job opportunities for the aspiring middle class, including rural migrants and increasing numbers of college graduates; (c) reducing corruption and other economic crimes; and (d) containing environmental damage and social strife related to the economy's rapid transformation. Economic development has progressed further in coastal provinces than in the interior, and by 2011 more than 250 million migrant workers and their dependents had relocated to urban areas to find work. One consequence of population control policy is that China is now one of the most rapidly aging countries in the world. Deterioration in the environment - notably air pollution, soil erosion, and the steady fall of the water table, especially in the North - is another long-term problem. China continues to lose arable land because of erosion and economic development. The Chinese government is seeking to add energy production capacity from sources other than coal and oil, focusing on nuclear and alternative energy development. Several factors are converging to slow China's growth, including debt overhang from its credit-fueled stimulus program, industrial overcapacity, inefficient allocation of capital by state-owned banks, and the slow recovery of China's trading partners. The government's 12th Five-Year Plan, adopted in March 2011 and reiterated at the Communist Party's "Third Plenum" meeting in November 2013, emphasizes continued economic reforms and the need to increase domestic consumption in order to make the economy less dependent in the future on fixed investments, exports, and heavy industry. However, China has made only marginal progress toward these rebalancing goals. The new government of President XI Jinping has signaled a greater willingness to undertake reforms that focus on China's long-term economic health, including giving the market a more decisive role in allocating resources.
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GDP (Constant Prices, National Currency) for China in year 2015 is RMB 59,210.62 Billion.

GDP Growth (Constant Prices, National Currency) for China in year 2015 is 6.9 %.

GDP (Current Prices, National Currency) for China in year 2015 is RMB 68,392.45 Billion.

GDP (Current Prices, US Dollars) for China in year 2015 is US$ 10,982.83 Billion.

GDP Deflator for China in year 2015 is 115.507 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for China in year 2015 is RMB 43,074.18 .

GDP Per Capita (Current Prices, National Currency) for China in year 2015 is RMB 49,753.72 .

GDP Per Capita (Current Prices, US Dollars) for China in year 2015 is US$ 7,989.72 .

GDP (PPP), US Dollars for China in year 2015 is US$ 19,392.36 Billion.

GDP Per Capita (PPP), US Dollars for China in year 2015 is US$ 14,107.43 .

GDP Share of World Total (PPP) for China in year 2015 is 17.082 %.

Implied PPP Conversion Rate for China in year 2015 is 3.527 .

Investment (% of GDP) for China in year 2015 is 43.334 %.

Gross National Savings (% of GDP) for China in year 2015 is 46.004 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for China in year 2015 is 114.867 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for China in year 2015 is 1.441 %.

Inflation, End of Year (Indexed to Year 2000) for China in year 2015 is 112.787 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for China in year 2015 is 1.6 %.

Import Volume of All Items Including Goods and Services (Percent Change) for China in year 2015 is 1.999 %.

Import Volumes of Goods Only (Percent Change) for China in year 2015 is -0.686 %.

Export Volume of All Items Including Goods and Services (Percent Change) for China in year 2015 is -2.095 %.

Export Volumes of Goods Only (Percent Change) for China in year 2015 is -2.232 %.

Unemployment Rate (% of Labour Force) for China in year 2015 is 4.05 %.

Population for China in year 2015 is 1,374.62 Million .

General government revenue (National Currency) for China in year 2015 is RMB 19,943.70 Billions.

General government revenue (% of GDP) for China in year 2015 is 29.161 %.

General government total expenditure (National Currency) for China in year 2015 is RMB 21,820.30 Billions.

General government total expenditure (% of GDP) for China in year 2015 is 31.905 %.

Total Government Net Lending/ Borrowing (National Currency) for China in year 2015 is RMB -1,876.60 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for China in year 2015 is -2.744 %.

General Government Structural Balance (National Currency) for China in year 2015 is RMB -1,682.36 Billion.

General Government Structural Balance (% Potential GDP) for China in year 2015 is -2.436 %.

Fiscal Year Gross Domestic Product, Current Prices for China in year 2015 is RMB 68,392.45 Billions.

Current Account Balance (US Dollars) for China in year 2015 is US$ 293.2 Billion.

Current Account Balance (% GDP) for China in year 2015 is 2.67 %.