Economy of China
Population: 1,392.73 M (2018)
GDP per Capita: 9,771 USD (2018)
13,608 B.

GDP USD

(2018)

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2,656 B.

EXPORTS USD

(2018)

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2,549 B.

IMPORTS USD

(2018)

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50.64 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 6.57 % (2018)
GDP of 2010 USD USD 10,797.20 B. (2018)
GDP Current USD USD 13,608.15 B. (2018)
GDP per Capita Current USD USD 9,771 (2018)
GDP per capita, PPP USD 16,182 (2018)
GDP per Capita, 2010 USD USD 7,753 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 14.68 % (2018)
Government Spending USD 1,997.16 B. (2018)
Government Debt % GDP 50.64 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 84.62 (2018)
Trade Openness 38.25 % (2018)
Exports of Goods and Services % GDP 19.51 % (2018)
Exports Goods & Services USD 2,655.61 B. (2018)
Exports Annual Growth China
Imports as % GDP 18.73 % (2018)
Total Imports USD 2,548.99 B. (2018)
Foreign Direct Investment % GDP 1.50 % (2018)
Foreign Direct Investment USD 203.49 B. (2018)
Current Account Balance % GDP USD 0.36 % (2018)
Current Account Balance USD 49.09 B. (2018)
Trade Balance % GDP 0.78 % (2018)
Trade Balance USD 102.92 B. (2018)
Foreign Exchange Reserves incl Gold USD 3,168.22 B. (2018)
Remittances % GDP 0.18 % (2018)
Remittances USD 6,196 M. (2018)
Balance of Payments USD 18,844 M. (2008)

Labor Market

Indicator Value
Labor Force 783.19 M. (2019)
Unemployment Rate 4.42 % (2019)
Unemployment Rate Females 3.73 % (2019)
Unemployment Rate Males 4.78 % (2019)
Youth Unemployment (ages 15-24) 10.65 % (2019)
Labor Force Participation Rate 68.19 % (2019)
Labor Force (Percent Female) 43.71 % (2019)
Female Labor Force Participation Rate 60.64 % (2019)
Male Labor Force Participation Rate 75.43 % (2019)
Dependent People 40.45 % (2018)

Agriculture Sector

Indicator Value
Forest Area 22.40 % (2016)
Forest Area km² 2,098,635 km² (2016)
Agricultural Land 56.21 % (2016)
Agricultural Land km² 5,277,330 km² (2016)
Employment 26.56 % (2019)
Value added % GDP 7.19 % (2018)
Agriculture Value added USD 978.45 B. (2018)
Crop Production Index 144.20 (2016)
Precipitation 645 mm (2014)
Arable Land 13 % (2016)
Cereal Yield 6,029 kg/hectare (2017)
Food production index 139 (2016)
Rural Population 41 % (2018)
Fertilizer use of Arable Land 503 kg/hectare (2016)
Livestock Production Index 130 (2016)
Economy of China

According to the World Bank and its latest published data, the economy of the China presents a growth rate of 6.57 % (2018) to the previous year.

With a population that reaches 1,392.73 M (2018) and a gross domestic product of USD 13,608.15 B. (2018), it translates a Gross Domestic Product per Capita of USD 9,771 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

China also has a workforce of 783.19 M. (2019) with an unemployment rate of 4.42 % (2019), where women represent 3.73 % (2019) and men 4.78 % (2019), the unemployment rate for young people between 15-24 years old stood at 10.65 % (2019). The total number of dependent people stands at 40.45 % (2018).

The central government spent 14.68 % (2018) of its gross domestic product that year, which in absolute terms is USD 1,997.16 B. (2018). Its consolidated public debt reached 50.64 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, China exported USD 2,655.61 B. (2018), which represents 19.51 % (2018) of its gross domestic product, in that same sense its imports reached USD 2,548.99 B. (2018) with a direct foreign investment of USD 203.49 B. (2018).

China has a forest area of 2,098,635 km² (2016), which represents 22.40 % (2016) of its total area, an average rainfall of 645 mm (2014) per year and a population of 41 % (2018) living in rural areas. With a total area of 5,277,330 km² (2016) available for agriculture and 26.56 % (2019) of its employments, the agricultural sector contributes to the economy of the China about USD 978.45 B. (2018) (7.19 % (2018) of its GDP).