China GDP Annual Growth Rate

Last Release

Mar 31, 2025

Actual

5.4

Units In

5.4

Frequency

Quarterly

Next Release

Jul 15, 2025

Time to Release

2 Months 26 Days 16 Hours

Highest	Lowest	Average	Date Range	Source
18.3 Mar 2021	-6.8 Mar 2020	8.74 %	1989-2025	National Bureau of Statistics of China

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.

Latest Updates

China’s economy grew 5.4% year-on-year in Q1 of 2025, maintaining the same pace as in Q4 and exceeding market expectations of 5.1%. It remained the strongest annual growth rate in 1-1/2 years amid Beijing's ongoing stimulus. The latest GDP readings were also buoyed by robust March activity: industrial output rose at its fastest pace since June 2021, retail sales posted the biggest gain in over a year, and the surveyed jobless rate eased from a two-year high. Fixed asset investment also slightly surpassed expectations in the first quarter. On the trade front, exports recorded their strongest growth since October as firms accelerated shipments ahead of looming tariffs, while a drop in imports narrowed. The statistics bureau said the Chinese economy was “off to a good and steady start” and highlighted the growing role of innovation. However, intensifying trade tensions with the U.S. have quickly darkened the outlook, increasing pressure on Beijing to roll out additional support measures.