China |
Gross domestic product, constant prices |
National currency |
Billions |
Source: National Statistics Office. Data retrieved from CEIC
Latest actual data: 2023
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices. Authorities publish production-based measure; staff estimates expenditure-based measures.
Reporting in calendar year: Yes
Start/end months of reporting year: January/December
Base year: 2015
Chain-weighted: No
Primary domestic currency: Chinese yuan
Data last updated: 03/2024
|
99,184.264 |
102,148.665 |
107,501.387 |
112,491.102 |
117,088.023 |
121,502.446 |
125,848.753 |
130,102.344 |
2023 |
China |
Gross domestic product, constant prices |
Percent change |
Units |
See notes for:
Gross domestic product, constant prices (National currency).
|
8.450 |
2.989 |
5.240 |
4.642 |
4.086 |
3.770 |
3.577 |
3.380 |
2023 |
China |
Gross domestic product, current prices |
National currency |
Billions |
Source: National Statistics Office. Data retrieved from CEIC
Latest actual data: 2023
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices. Authorities publish production-based measure; staff estimates expenditure-based measures.
Reporting in calendar year: Yes
Start/end months of reporting year: January/December
Base year: 2015
Chain-weighted: No
Primary domestic currency: Chinese yuan
Data last updated: 03/2024
|
114,528.293 |
120,247.100 |
125,117.895 |
132,642.542 |
140,641.689 |
148,734.830 |
157,120.166 |
165,621.125 |
2023 |
China |
Gross domestic product, current prices |
U.S. dollars |
Billions |
See notes for:
Gross domestic product, current prices (National currency).
|
17,759.307 |
17,848.540 |
17,662.041 |
18,532.633 |
19,790.074 |
21,027.664 |
22,276.918 |
23,579.013 |
2023 |
China |
Gross domestic product, current prices |
Purchasing power parity; international dollars |
Billions |
See notes for:
Gross domestic product, current prices (National currency).
|
27,386.733 |
30,191.127 |
32,931.360 |
35,291.015 |
37,381.168 |
39,521.590 |
41,708.350 |
43,933.175 |
2023 |
China |
Gross domestic product, deflator |
Index |
Units |
See notes for:
Gross domestic product, constant prices (National currency)
Gross domestic product, current prices (National currency).
|
115.470 |
117.718 |
116.387 |
117.914 |
120.116 |
122.413 |
124.848 |
127.301 |
2023 |
China |
Gross domestic product per capita, constant prices |
National currency |
Units |
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).
|
70,213.977 |
72,356.058 |
76,166.651 |
79,737.037 |
83,051.947 |
86,261.648 |
89,448.421 |
92,596.714 |
2022 |
China |
Gross domestic product per capita, constant prices |
Purchasing power parity; 2017 international dollar |
Units |
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).
|
17,590.899 |
18,127.560 |
19,082.239 |
19,976.737 |
20,807.231 |
21,611.366 |
22,409.757 |
23,198.507 |
2022 |
China |
Gross domestic product per capita, current prices |
National currency |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
81,076.237 |
85,175.916 |
88,648.261 |
94,020.977 |
99,758.846 |
105,595.500 |
111,674.931 |
117,876.216 |
2022 |
China |
Gross domestic product per capita, current prices |
U.S. dollars |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
12,572.071 |
12,642.847 |
12,513.871 |
13,136.482 |
14,037.338 |
14,928.761 |
15,833.571 |
16,781.705 |
2022 |
China |
Gross domestic product per capita, current prices |
Purchasing power parity; international dollars |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
19,387.465 |
21,385.604 |
23,332.456 |
25,015.320 |
26,514.913 |
28,058.674 |
29,644.680 |
31,268.212 |
2022 |
China |
Gross domestic product based on purchasing-power-parity (PPP) share of world total |
Percent |
Units |
See notes for:
Gross domestic product, current prices (National currency).
|
18.418 |
18.351 |
18.734 |
19.007 |
19.169 |
19.288 |
19.376 |
19.436 |
2023 |
China |
Implied PPP conversion rate |
National currency per current international dollar |
Units |
See notes for:
Gross domestic product, current prices (National currency).
|
4.182 |
3.983 |
3.799 |
3.759 |
3.762 |
3.763 |
3.767 |
3.770 |
2023 |
China |
Total investment |
Percent of GDP |
Units |
Source: National Statistics Office. Data retrieved from CEIC
Latest actual data: 2023
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices. Authorities publish production-based measure; staff estimates expenditure-based measures.
Reporting in calendar year: Yes
Start/end months of reporting year: January/December
Base year: 2015
Chain-weighted: No
Primary domestic currency: Chinese yuan
Data last updated: 03/2024
|
43.289 |
43.227 |
42.147 |
42.540 |
42.333 |
42.265 |
42.237 |
42.170 |
2023 |
China |
Gross national savings |
Percent of GDP |
Units |
Source: National Statistics Office. Data retrieved from CEIC
Latest actual data: 2023
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices. Authorities publish production-based measure; staff estimates expenditure-based measures.
Reporting in calendar year: Yes
Start/end months of reporting year: January/December
Base year: 2015
Chain-weighted: No
Primary domestic currency: Chinese yuan
Data last updated: 03/2024
|
45.276 |
45.479 |
43.643 |
43.812 |
43.725 |
43.619 |
43.522 |
43.352 |
2023 |
China |
Inflation, average consumer prices |
Index |
Units |
Source: National Statistics Office. Data retrieved from CEIC
Latest actual data: 2022
Harmonized prices: No
Base year: 2015. CPI is calculated from authorities' series reported on a PY=100 basis, with weights in the basket adjusted regularly.
Primary domestic currency: Chinese yuan
Data last updated: 03/2024
|
112.583 |
114.807 |
115.068 |
116.185 |
118.500 |
120.811 |
123.168 |
125.570 |
2022 |
China |
Inflation, average consumer prices |
Percent change |
Units |
See notes for:
Inflation, average consumer prices (Index).
|
0.918 |
1.975 |
0.228 |
0.970 |
1.993 |
1.951 |
1.951 |
1.951 |
2022 |
China |
Inflation, end of period consumer prices |
Index |
Units |
Source: National Statistics Office. Data retrieved from CEIC
Latest actual data: 2022
Harmonized prices: No
Base year: 2015. CPI is calculated from authorities' series reported on a PY=100 basis, with weights in the basket adjusted regularly.
Primary domestic currency: Chinese yuan
Data last updated: 03/2024
|
113.032 |
115.094 |
114.793 |
116.963 |
119.324 |
121.732 |
124.190 |
126.696 |
2022 |
China |
Inflation, end of period consumer prices |
Percent change |
Units |
See notes for:
Inflation, end of period consumer prices (Index).
|
1.420 |
1.824 |
-0.261 |
1.890 |
2.018 |
2.018 |
2.018 |
2.018 |
2022 |
China |
Volume of imports of goods and services |
Percent change |
Units |
Source: Customs Authority
Latest actual data: 2023
Base year: 2005
Methodology used to derive volumes: Deflation by unit value indexes (from customs data)
Formula used to derive volumes: Derived from value index and unit value index
Chain-weighted: No
Oil coverage: Primary or unrefined products; Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Chinese yuan
Data last updated: 03/2024
|
10.452 |
-2.639 |
3.001 |
4.429 |
1.588 |
3.900 |
3.700 |
3.600 |
2023 |
China |
Volume of Imports of goods |
Percent change |
Units |
Source: Customs Authority
Latest actual data: 2023
Base year: 2005
Methodology used to derive volumes: Deflation by unit value indexes (from customs data)
Formula used to derive volumes: Derived from value index and unit value index
Chain-weighted: No
Oil coverage: Primary or unrefined products; Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Chinese yuan
Data last updated: 03/2024
|
10.666 |
-5.855 |
2.335 |
3.444 |
0.932 |
3.632 |
3.352 |
3.209 |
2023 |
China |
Volume of exports of goods and services |
Percent change |
Units |
Source: Customs Authority
Latest actual data: 2023
Base year: 2005
Methodology used to derive volumes: Deflation by unit value indexes (from customs data)
Formula used to derive volumes: Derived from value index and unit value index
Chain-weighted: No
Oil coverage: Primary or unrefined products; Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Chinese yuan
Data last updated: 03/2024
|
18.517 |
-0.166 |
-0.319 |
2.518 |
2.000 |
3.000 |
3.000 |
3.000 |
2023 |
China |
Volume of exports of goods |
Percent change |
Units |
Source: Customs Authority
Latest actual data: 2023
Base year: 2005
Methodology used to derive volumes: Deflation by unit value indexes (from customs data)
Formula used to derive volumes: Derived from value index and unit value index
Chain-weighted: No
Oil coverage: Primary or unrefined products; Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Chinese yuan
Data last updated: 03/2024
|
16.220 |
-3.210 |
3.210 |
2.376 |
1.796 |
2.846 |
2.843 |
2.840 |
2023 |
China |
Unemployment rate |
Percent of total labor force |
Units |
Source: National Statistics Office. Data retrieved from CEIC
Latest actual data: 2022
Notes: Reported total employment data has a definitional change from 1990 onwards
Employment type: National definition
Primary domestic currency: Chinese yuan
Data last updated: 03/2024
|
5.100 |
5.500 |
5.200 |
5.100 |
5.100 |
5.100 |
5.100 |
5.100 |
2022 |
China |
Population |
Persons |
Millions |
Source: National Statistics Office. Data retrieved from CEIC
Latest actual data: 2022
Primary domestic currency: Chinese yuan
Data last updated: 03/2024
|
1,412.600 |
1,411.750 |
1,411.397 |
1,410.776 |
1,409.817 |
1,408.534 |
1,406.942 |
1,405.043 |
2022 |
China |
General government revenue |
National currency |
Billions |
Source: Ministry of Finance or Treasury. Ministry of Finance (data retrieved from CEIC), National Audit Office (NAO) (data obtained from NAO audit report), IMF Staff estimates of LGFV debt based on Capital IQ data.
Latest actual data: 2023
Notes: Fiscal Balance: Data differ from official figures released by China’s Ministry of Finance mainly because of a difference in treatment of net contributions to the other accounts (e.g. Budget Stabilization Fund), the inclusion of social security receipts and payments, and expenditures financed by special bond issuances. General Government Debt: Data differ from official figures released by China’s Ministry of Finance because IMF numbers include, from 2010 onward, 2/3 of new LGFV debt issuances, which is categorized as government explicit debt in line with NAO report (2013).
Fiscal assumptions: Staff fiscal projections incorporate the 2024 budget as well as estimates of off-budget financing.
Reporting in calendar year: Yes
Start/end months of reporting year: January/December
GFS Manual used: Authorities do not publish in GFS Manual 2001. Data estimated by staff.
Basis of recording: Cash
General government includes: Central Government; Local Government; Social Security Funds;. Includes adjustments of stabilization fund, social security fund, and government-managed funds.
Valuation of public debt: Face value
Instruments included in gross and net debt: Securities Other than Shares; Loans
Primary domestic currency: Chinese yuan
Data last updated: 03/2024
|
30,511.650 |
31,233.127 |
33,511.622 |
34,747.351 |
37,042.826 |
39,474.433 |
41,999.913 |
44,522.311 |
2023 |
China |
General government revenue |
Percent of GDP |
Units |
See notes for:
General government revenue (National currency).
|
26.641 |
25.974 |
26.784 |
26.196 |
26.338 |
26.540 |
26.731 |
26.882 |
2023 |
China |
General government total expenditure |
National currency |
Billions |
Source: Ministry of Finance or Treasury. Ministry of Finance (data retrieved from CEIC), National Audit Office (NAO) (data obtained from NAO audit report), IMF Staff estimates of LGFV debt based on Capital IQ data.
Latest actual data: 2023
Notes: Fiscal Balance: Data differ from official figures released by China’s Ministry of Finance mainly because of a difference in treatment of net contributions to the other accounts (e.g. Budget Stabilization Fund), the inclusion of social security receipts and payments, and expenditures financed by special bond issuances. General Government Debt: Data differ from official figures released by China’s Ministry of Finance because IMF numbers include, from 2010 onward, 2/3 of new LGFV debt issuances, which is categorized as government explicit debt in line with NAO report (2013).
Fiscal assumptions: Staff fiscal projections incorporate the 2024 budget as well as estimates of off-budget financing.
Reporting in calendar year: Yes
Start/end months of reporting year: January/December
GFS Manual used: Authorities do not publish in GFS Manual 2001. Data estimated by staff.
Basis of recording: Cash
General government includes: Central Government; Local Government; Social Security Funds;. Includes adjustments of stabilization fund, social security fund, and government-managed funds.
Valuation of public debt: Face value
Instruments included in gross and net debt: Securities Other than Shares; Loans
Primary domestic currency: Chinese yuan
Data last updated: 03/2024
|
37,434.933 |
40,260.431 |
42,359.315 |
44,519.579 |
47,753.883 |
51,086.553 |
54,253.141 |
57,493.041 |
2023 |
China |
General government total expenditure |
Percent of GDP |
Units |
See notes for:
General government total expenditure (National currency).
|
32.686 |
33.481 |
33.856 |
33.564 |
33.954 |
34.347 |
34.530 |
34.714 |
2023 |
China |
General government net lending/borrowing |
National currency |
Billions |
Source: Ministry of Finance or Treasury. Ministry of Finance (data retrieved from CEIC), National Audit Office (NAO) (data obtained from NAO audit report), IMF Staff estimates of LGFV debt based on Capital IQ data.
Latest actual data: 2023
Notes: Fiscal Balance: Data differ from official figures released by China’s Ministry of Finance mainly because of a difference in treatment of net contributions to the other accounts (e.g. Budget Stabilization Fund), the inclusion of social security receipts and payments, and expenditures financed by special bond issuances. General Government Debt: Data differ from official figures released by China’s Ministry of Finance because IMF numbers include, from 2010 onward, 2/3 of new LGFV debt issuances, which is categorized as government explicit debt in line with NAO report (2013).
Fiscal assumptions: Staff fiscal projections incorporate the 2024 budget as well as estimates of off-budget financing.
Reporting in calendar year: Yes
Start/end months of reporting year: January/December
GFS Manual used: Authorities do not publish in GFS Manual 2001. Data estimated by staff.
Basis of recording: Cash
General government includes: Central Government; Local Government; Social Security Funds;. Includes adjustments of stabilization fund, social security fund, and government-managed funds.
Valuation of public debt: Face value
Instruments included in gross and net debt: Securities Other than Shares; Loans
Primary domestic currency: Chinese yuan
Data last updated: 03/2024
|
-6,923.283 |
-9,027.304 |
-8,847.693 |
-9,772.228 |
-10,711.057 |
-11,612.120 |
-12,253.228 |
-12,970.730 |
2023 |
China |
General government net lending/borrowing |
Percent of GDP |
Units |
See notes for:
General government net lending/borrowing (National currency).
|
-6.045 |
-7.507 |
-7.071 |
-7.367 |
-7.616 |
-7.807 |
-7.799 |
-7.832 |
2023 |
China |
General government structural balance |
National currency |
Billions |
Source: Ministry of Finance or Treasury. Ministry of Finance (data retrieved from CEIC), National Audit Office (NAO) (data obtained from NAO audit report), IMF Staff estimates of LGFV debt based on Capital IQ data.
Latest actual data: 2023
Notes: Fiscal Balance: Data differ from official figures released by China’s Ministry of Finance mainly because of a difference in treatment of net contributions to the other accounts (e.g. Budget Stabilization Fund), the inclusion of social security receipts and payments, and expenditures financed by special bond issuances. General Government Debt: Data differ from official figures released by China’s Ministry of Finance because IMF numbers include, from 2010 onward, 2/3 of new LGFV debt issuances, which is categorized as government explicit debt in line with NAO report (2013).
Fiscal assumptions: Staff fiscal projections incorporate the 2024 budget as well as estimates of off-budget financing.
Reporting in calendar year: Yes
Start/end months of reporting year: January/December
GFS Manual used: Authorities do not publish in GFS Manual 2001. Data estimated by staff.
Basis of recording: Cash
General government includes: Central Government; Local Government; Social Security Funds;. Includes adjustments of stabilization fund, social security fund, and government-managed funds.
Valuation of public debt: Face value
Instruments included in gross and net debt: Securities Other than Shares; Loans
Primary domestic currency: Chinese yuan
Data last updated: 03/2024
|
-6,471.213 |
-8,127.584 |
-8,338.885 |
-9,557.225 |
-10,620.243 |
-11,591.196 |
-12,262.260 |
-12,969.944 |
2023 |
China |
General government structural balance |
Percent of potential GDP |
Units |
See notes for:
General government structural balance (National currency).
|
-5.568 |
-6.570 |
-6.565 |
-7.161 |
-7.533 |
-7.789 |
-7.806 |
-7.831 |
2023 |
China |
General government primary net lending/borrowing |
National currency |
Billions |
Source: Ministry of Finance or Treasury. Ministry of Finance (data retrieved from CEIC), National Audit Office (NAO) (data obtained from NAO audit report), IMF Staff estimates of LGFV debt based on Capital IQ data.
Latest actual data: 2023
Notes: Fiscal Balance: Data differ from official figures released by China’s Ministry of Finance mainly because of a difference in treatment of net contributions to the other accounts (e.g. Budget Stabilization Fund), the inclusion of social security receipts and payments, and expenditures financed by special bond issuances. General Government Debt: Data differ from official figures released by China’s Ministry of Finance because IMF numbers include, from 2010 onward, 2/3 of new LGFV debt issuances, which is categorized as government explicit debt in line with NAO report (2013).
Fiscal assumptions: Staff fiscal projections incorporate the 2024 budget as well as estimates of off-budget financing.
Reporting in calendar year: Yes
Start/end months of reporting year: January/December
GFS Manual used: Authorities do not publish in GFS Manual 2001. Data estimated by staff.
Basis of recording: Cash
General government includes: Central Government; Local Government; Social Security Funds;. Includes adjustments of stabilization fund, social security fund, and government-managed funds.
Valuation of public debt: Face value
Instruments included in gross and net debt: Securities Other than Shares; Loans
Primary domestic currency: Chinese yuan
Data last updated: 03/2024
|
-5,878.558 |
-7,892.039 |
-7,664.793 |
-8,314.359 |
-8,901.938 |
-9,405.262 |
-9,585.134 |
-9,776.813 |
2023 |
China |
General government primary net lending/borrowing |
Percent of GDP |
Units |
See notes for:
General government primary net lending/borrowing (National currency).
|
-5.133 |
-6.563 |
-6.126 |
-6.268 |
-6.330 |
-6.324 |
-6.101 |
-5.903 |
2023 |
China |
General government gross debt |
National currency |
Billions |
Source: Ministry of Finance or Treasury. Ministry of Finance (data retrieved from CEIC), National Audit Office (NAO) (data obtained from NAO audit report), IMF Staff estimates of LGFV debt based on Capital IQ data.
Latest actual data: 2023
Notes: Fiscal Balance: Data differ from official figures released by China’s Ministry of Finance mainly because of a difference in treatment of net contributions to the other accounts (e.g. Budget Stabilization Fund), the inclusion of social security receipts and payments, and expenditures financed by special bond issuances. General Government Debt: Data differ from official figures released by China’s Ministry of Finance because IMF numbers include, from 2010 onward, 2/3 of new LGFV debt issuances, which is categorized as government explicit debt in line with NAO report (2013).
Fiscal assumptions: Staff fiscal projections incorporate the 2024 budget as well as estimates of off-budget financing.
Reporting in calendar year: Yes
Start/end months of reporting year: January/December
GFS Manual used: Authorities do not publish in GFS Manual 2001. Data estimated by staff.
Basis of recording: Cash
General government includes: Central Government; Local Government; Social Security Funds;. Includes adjustments of stabilization fund, social security fund, and government-managed funds.
Valuation of public debt: Face value
Instruments included in gross and net debt: Securities Other than Shares; Loans
Primary domestic currency: Chinese yuan
Data last updated: 03/2024
|
82,272.523 |
92,695.733 |
104,653.224 |
117,496.195 |
130,788.652 |
144,986.115 |
159,895.627 |
175,582.356 |
2023 |
China |
General government gross debt |
Percent of GDP |
Units |
See notes for:
General government gross debt (National currency).
|
71.836 |
77.088 |
83.644 |
88.581 |
92.994 |
97.480 |
101.766 |
106.014 |
2023 |
China |
Gross domestic product corresponding to fiscal year, current prices |
National currency |
Billions |
Source: Ministry of Finance or Treasury. Ministry of Finance (data retrieved from CEIC), National Audit Office (NAO) (data obtained from NAO audit report), IMF Staff estimates of LGFV debt based on Capital IQ data.
Latest actual data: 2023
Notes: Fiscal Balance: Data differ from official figures released by China’s Ministry of Finance mainly because of a difference in treatment of net contributions to the other accounts (e.g. Budget Stabilization Fund), the inclusion of social security receipts and payments, and expenditures financed by special bond issuances. General Government Debt: Data differ from official figures released by China’s Ministry of Finance because IMF numbers include, from 2010 onward, 2/3 of new LGFV debt issuances, which is categorized as government explicit debt in line with NAO report (2013).
Fiscal assumptions: Staff fiscal projections incorporate the 2024 budget as well as estimates of off-budget financing.
Reporting in calendar year: Yes
Start/end months of reporting year: January/December
GFS Manual used: Authorities do not publish in GFS Manual 2001. Data estimated by staff.
Basis of recording: Cash
General government includes: Central Government; Local Government; Social Security Funds;. Includes adjustments of stabilization fund, social security fund, and government-managed funds.
Valuation of public debt: Face value
Instruments included in gross and net debt: Securities Other than Shares; Loans
Primary domestic currency: Chinese yuan
Data last updated: 03/2024
|
114,528.293 |
120,247.100 |
125,117.895 |
132,642.542 |
140,641.689 |
148,734.830 |
157,120.166 |
165,621.125 |
2023 |
China |
Current account balance |
U.S. dollars |
Billions |
Source: Compiled by the Balance of Payments Department of the State Administration of Foreign Exchange. Data retrieved from CEIC.
Latest actual data: 2022
BOP Manual used: Balance of Payments and International Investment Position Manual, sixth edition (BPM6)
Primary domestic currency: Chinese yuan
Data last updated: 03/2024
|
352.886 |
401.855 |
264.200 |
235.710 |
275.509 |
284.874 |
286.203 |
278.695 |
2022 |
China |
Current account balance |
Percent of GDP |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).
|
1.987 |
2.251 |
1.496 |
1.272 |
1.392 |
1.355 |
1.285 |
1.182 |
2022 |