GDP
The Gross Domestic Product (GDP) in China was worth 5878.63 billion US dollars in 2010, according to a report published by the World Bank. The GDP value of China is roughly equivalent to 9.48 percent of the world economy. Historically, from 1960 until 2010, China GDP averaged 839.3700 billion USD reaching an all time high of 5878.6300 billion USD in December of 2010 and a record low of 46.4600 billion USD in December of 1962. The gross domestic product (GDP) measures of national income and output for a given country's economy. 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. This page includes a chart with historical data for China GDP.
Annual Growth Rate
The Gross Domestic Product (GDP) in China expanded 8.10 percent in the first quarter of 2012 over the same quarter of the previous year. Historically, from 1989 until 2012, China GDP Annual Growth Rate averaged 9.3000 Percent reaching an all time high of 14.2000 Percent in December of 1992 and a record low of 3.8000 Percent in December of 1990. The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment. This page includes a chart with historical data for China GDP Annual Growth Rate.
Growth Rate
The Gross Domestic Product (GDP) in China expanded 1.80 percent in the first quarter of 2012 over the previous quarter. Historically, from 2011 until 2012, China GDP Growth Rate averaged 2.1200 Percent reaching an all time high of 2.4000 Percent in September of 2011 and a record low of 1.8000 Percent in March of 2012. The Gross Domestic Product (GDP) growth rate provides an aggregated measure of changes in value of the goods and services produced by an economy. China's economy is the second largest in the world after that of the United States. During the past 30 years China's economy has changed from a centrally planned system that was largely closed to international trade to a more market-oriented that has a rapidly growing private sector. A major component supporting China's rapid economic growth has been exports growth. This page includes a chart with historical data for China GDP Growth Rate.
