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Gross domestic product (GDP) of China

GDP of China, 1970-2014

During 1970-2014 GDP of China in current prices rose by 10 340.9 billion US dollars (in 116.3 times) to 10 430.6 billion US dollars; change occurred by 62.2 billion US dollars by increasing of people by 560.9 million, as well as by 10 278.7 billion US dollars by increasing of GDP per capita by 7 505.8 US dollars. The average annual growth of GDP of China was 235.0 billion US dollars or 11.4%. The average annual growth of GDP of China in constant prices was 9.0%. Share in the world increased by 10.7%. Share in Asia rose by 21.6%. Minimal GDP was in 1970 (89.6 billion US dollars). Maximal GDP was in 2014 (10 430.6 billion US dollars).

During 1970-2014 GDP per capita in China rose by 7 505.8 US dollars (in 68.7 times) to 7 616.7 US dollars. The average annual growth of GDP per capita in current prices was 170.6 US dollars or 10.1%.

GDP of China, 1970

GDP of China in 1970 was 89.6 billion US dollars, ranked 8th in the world and was on par with GDP of Canada (87.8 bln. US dollars). Share of China in the world GDP was 2.6%.

GDP per capita in China in 1970 was worth 110.9 US dollars, ranked 160th in the world and was on par with GDP per capita in Benin (110.8 US dollars), GDP per capita in Cambodia (109.5 US dollars), GDP per capita in India (108.8 US dollars), GDP per capita in Central African Republic (108.2 US dollars). GDP per capita in China was less, than GDP per capita in the World (923.7 US dollars) by 812.8 US dollars.

Comparison of GDP in China and the neighbors in 1970. GDP of China was more than GDP of India (60.3 billion US dollars), GDP of South Korea (9.0 billion US dollars), GDP of Viet Nam (2.8 billion US dollars), GDP of Myanmar (2.7 billion US dollars), but was less than GDP of Japan (209.1 billion US dollars). GDP per capita in China was more than GDP per capita in India (108.8 US dollars), GDP per capita in Myanmar (99.1 US dollars), GDP per capita in Viet Nam (63.9 US dollars), but was less than GDP per capita in Japan (2 016.0 US dollars), GDP per capita in South Korea (286.3 US dollars).

Comparison of GDP in China and leaders in 1970. GDP of China was less than GDP of the United States (1 075.9 billion US dollars) in 12.0 times, GDP of Germany (215.0 billion US dollars) in 2.4 times, GDP of Japan (209.1 billion US dollars) in 2.3 times, GDP of the United Kingdom (130.7 billion US dollars) by 45.8%. GDP per capita in China was less than GDP per capita in the United States (5 135.9 US dollars) in 46.3 times, GDP per capita in Germany (2 743.7 US dollars) in 24.7 times, GDP per capita in the United Kingdom (2 349.9 US dollars) in 21.2 times, GDP per capita in Japan (2 016.0 US dollars) in 18.2 times.

Potential GDP of China in 1970. With GDP per capita at the level of the United States (5 135.9 US dollars), GDP of China would be 4 152.5 billion US dollars, it is in 46.3 times more than the actual level. With GDP per capita at the level of Japan (2 016.0 US dollars), as the best neighbor, GDP of China would be 1 630.0 billion US dollars, it is in 18.2 times more than the actual level. With GDP per capita at the level of the World (923.7 US dollars), GDP of China would be 746.8 billion US dollars, it is in 8.3 times more than the actual level. With GDP per capita at the level of Eastern Asia (330.4 US dollars), GDP of China would be 267.1 billion US dollars, it is in 3.0 times more than the actual level. With GDP per capita at the level of Asia (243.6 US dollars), GDP of China would be 197.0 billion US dollars, it is in 2.2 times more than the actual level.

GDP of China, 2014

GDP of China in 2014 was worth 10 430.6 billion US dollars, ranked 2nd in the world. Share of China in the world GDP was 13.4%.

GDP per capita in China in 2014 was worth 7 616.7 US dollars, ranked 99th in the world and was on par with GDP per capita in Belarus (8 014.3 US dollars), GDP per capita in Colombia (7 903.9 US dollars), GDP per capita in Bulgaria (7 876.0 US dollars), GDP per capita in Azerbaijan (7 808.4 US dollars), GDP per capita in Saint Lucia (7 655.0 US dollars), GDP per capita in Dominica (7 361.2 US dollars), GDP per capita in Montenegro (7 337.0 US dollars), GDP per capita in Cuba (7 274.3 US dollars), GDP per capita in Botswana (7 123.3 US dollars). GDP per capita in China was less, than GDP per capita in the World (10 742.7 US dollars) by 3 126.0 US dollars.

Comparison of GDP in China and the neighbors in 2014. GDP of China was more than GDP of Japan (4 602.4 billion US dollars), GDP of India (2 054.9 billion US dollars), GDP of Russia (1 849.9 billion US dollars), GDP of South Korea (1 410.4 billion US dollars), GDP of Kazakhstan (216.0 billion US dollars), GDP of Viet Nam (186.2 billion US dollars), GDP of Myanmar (66.5 billion US dollars). GDP per capita in China was more than GDP per capita in Viet Nam (2 014.7 US dollars), GDP per capita in India (1 586.5 US dollars), GDP per capita in Myanmar (1 244.0 US dollars), but was less than GDP per capita in Japan (36 298.2 US dollars), GDP per capita in South Korea (28 165.7 US dollars), GDP per capita in Russia (12 897.9 US dollars), GDP per capita in Kazakhstan (12 436.2 US dollars).

Comparison of GDP in China and leaders in 2014. GDP of China was more than GDP of Japan (4 602.4 billion US dollars) in 2.3 times, GDP of Germany (3 868.3 billion US dollars) in 2.7 times, GDP of the United Kingdom (2 988.9 billion US dollars) in 3.5 times, but was less than GDP of the United States (17 348.1 billion US dollars) by 66.3%. GDP per capita in China was less than GDP per capita in the United States (54 306.3 US dollars) in 7.1 times, GDP per capita in Germany (47 966.2 US dollars) in 6.3 times, GDP per capita in the United Kingdom (46 460.9 US dollars) in 6.1 times, GDP per capita in Japan (36 298.2 US dollars) in 4.8 times.

Potential GDP of China in 2014. With GDP per capita at the level of the United States (54 306.3 US dollars), GDP of China would be 74 368.9 billion US dollars, it is in 7.1 times more than the actual level. With GDP per capita at the level of Japan (36 298.2 US dollars), as the best neighbor, GDP of China would be 49 708.1 billion US dollars, it is in 4.8 times more than the actual level. With GDP per capita at the level of Eastern Asia (10 806.3 US dollars), GDP of China would be 14 798.6 billion US dollars, it is by 41.9% more than the actual level. With GDP per capita at the level of the World (10 742.7 US dollars), GDP of China would be 14 711.4 billion US dollars, it is by 41% more than the actual level.

GDP of China
YearGDP, bln. $GDP per capita, $Growth of GDP, %Share in, %
current pricesconstant pricescurrent pricesconstant pricesWorldAsiaEastern Asia
19702005
1970 89.6 89.6 120.0 110.9 2.617.827.8
1971 97.2 95.9 128.4 117.2 7.02.617.527.0
1972 109.3 99.6 133.3 128.6 3.82.516.224.1
1973 134.2 107.4 143.8 154.3 7.92.615.222.4
1974 139.6 109.9 147.1 157.2 2.32.413.021.1
1975 158.6 119.5 159.9 175.2 8.72.413.521.8
1976 152.9 117.6 157.4 165.9 -1.62.111.619.1
1977 170.4 126.5 169.3 182.0 7.62.110.817.6
1978 214.2 141.2 189.0 225.3 11.62.210.816.2
1979 260.2 151.9 203.3 269.8 7.62.411.618.2
1980 302.9 163.9 219.4 309.8 7.92.512.219.7
1981 288.6 172.3 230.6 291.1 5.12.310.717.4
1982 284.6 187.8 251.3 283.1 9.02.310.918.1
1983 305.4 208.0 278.5 299.5 10.82.411.117.9
1984 314.4 239.7 320.8 303.7 15.22.410.917.3
1985 310.6 272.0 364.1 295.1 13.52.310.816.3
1986 301.4 296.2 396.5 281.2 8.91.98.511.6
1987 328.4 330.9 442.9 300.5 11.71.97.910.5
1988 409.8 368.3 493.0 367.8 11.32.18.210.7
1989 458.7 383.7 513.7 404.1 4.22.28.811.6
1990 396.6 398.7 533.7 343.5 3.91.77.29.8
1991 413.5 435.8 583.4 352.7 9.31.76.89.0
1992 493.4 498.1 666.8 415.2 14.31.97.49.8
1993 620.5 567.3 759.5 515.8 13.92.48.310.7
1994 564.4 641.6 859.0 464.1 13.12.07.09.0
1995 734.4 712.2 953.5 598.1 11.02.48.110.4
1996 864.3 782.7 1 047.8 698.0 9.92.79.813.0
1997 961.9 854.7 1 144.2 771.2 9.23.111.215.2
1998 1 028.8 921.4 1 233.5 819.6 7.83.313.317.8
1999 1 092.6 991.4 1 327.2 865.3 7.63.412.716.8
2000 1 208.9 1 074.7 1 438.7 951.9 8.43.613.017.2
2001 1 336.9 1 163.9 1 558.1 1 046.8 8.34.015.420.5
2002 1 468.9 1 269.8 1 699.9 1 143.7 9.14.316.522.4
2003 1 660.7 1 396.8 1 869.9 1 285.9 10.04.316.823.2
2004 1 952.6 1 537.9 2 058.8 1 503.7 10.14.517.524.7
2005 2 291.4 1 711.7 2 291.4 1 755.1 11.34.818.927.5
2006 2 751.9 1 929.1 2 582.4 2 096.6 12.75.420.931.5
2007 3 542.4 2 203.0 2 949.2 2 684.4 14.26.123.636.6
2008 4 564.5 2 414.5 3 232.3 3 440.5 9.67.226.341.1
2009 5 071.1 2 636.6 3 529.6 3 802.0 9.28.528.843.5
2010 6 005.4 2 916.1 3 903.8 4 478.4 10.69.129.345.1
2011 7 442.0 3 193.1 4 274.6 5 520.0 9.510.231.348.5
2012 8 471.4 3 439.0 4 603.8 6 250.2 7.711.433.651.4
2013 9 518.4 3 703.8 4 958.3 6 985.9 7.712.537.257.3
2014 10 430.6 3 974.2 5 320.2 7 616.7 7.313.439.460.1

GDP of China

GDP of China

GDP per capita in China

GDP per capita in China

Growth of GDP in China

Growth of GDP in China

Growth of GDP in China

Structure of GDP in China

Structure of GDP in China, %
YearFinal consumption expenditureCapital formationNet export
TotalHousehold consumption expenditureGovernment consumption expenditureTotalFixed capital formation
197066.154.711.533.824.70.11
198065.551.514.034.828.7-0.32
199063.349.713.634.023.92.7
200063.747.016.733.932.92.4
201049.135.913.147.244.63.7
201451.437.913.545.844.02.7

Structure of GDP in China, 2014, %

Structure of GDP in China, comparing to the World, +/-
YearConsumption expenditureCapital formationNet export
TotalHousehold consumption expenditureGovernment consumption expenditureTotalFixed capital formation
1970-7.1-2.7-4.36.7-0.740.14
1980-8.9-5.7-3.18.23.10.021
1990-11.7-8.6-3.08.9-0.412.9
2000-12.5-13.10.7210.29.82.3
2010-26.1-21.8-4.323.121.42.9
2014-22.7-19.4-3.220.919.91.8

Structure of GDP in China, comparing to Asia, +/-
YearConsumption expenditureCapital formationNet export
TotalHousehold consumption expenditureGovernment consumption expenditureTotalFixed capital formation
1970-4.0-3.70.733.5-1.6-0.36
1980-3.0-3.20.614.80.81-2.6
1990-4.9-4.90.262.9-5.51.9
2000-7.3-8.31.17.57.1-0.24
2010-15.9-14.1-1.715.214.40.56
2014-12.5-11.0-1.312.411.60.014

Comparison with neighbors

GDP in China and its neighbors, bln. $
YearChinaJapanIndiaRussiaSouth KoreaKazakhstanViet NamMyanmar
197089.6209.160.39.02.82.7
1980302.91 087.0181.165.02.45.9
1990396.63 103.7320.3571.0279.329.76.55.2
20001 208.94 731.2458.6259.7561.618.331.27.3
20106 005.45 498.71 668.81 524.91 094.5148.0115.941.4
201410 430.64 602.42 054.91 849.91 410.4216.0186.266.5

GDP per capita in China and its neighbors, $
YearJapanSouth KoreaRussiaKazakhstanChinaViet NamIndiaMyanmar
19702 016.0286.3110.963.9108.899.1
19809 377.71 735.1309.844.1259.8171.3
199025 388.36 500.63 869.31 798.3343.594.9368.0123.5
200037 634.412 154.91 774.01 223.0951.9388.3435.3152.6
201043 188.222 295.810 652.09 076.74 478.41 312.11 355.6801.1
201436 298.228 165.712 897.912 436.27 616.72 014.71 586.51 244.0

Comparison with leaders

GDP in China and leaders, bln. $
YearUnited StatesChinaJapanGermanyUnited Kingdom
19701 075.989.6209.1215.0130.7
19802 862.5302.91 087.0946.7565.0
19905 979.6396.63 103.71 764.91 093.2
200010 284.81 208.94 731.21 950.01 554.7
201014 964.46 005.45 498.73 417.12 403.6
201417 348.110 430.64 602.43 868.32 988.9

GDP per capita in China and leaders, $
YearUnited StatesGermanyUnited KingdomJapanChina
19705 135.92 743.72 349.92 016.0110.9
198012 468.012 112.910 048.79 377.7309.8
199023 649.022 352.919 142.225 388.3343.5
200036 355.423 810.126 410.937 634.4951.9
201048 291.542 482.538 324.443 188.24 478.4
201454 306.347 966.246 460.936 298.27 616.7

Partnership of China in regional organizations

Share of China in GDP of regional organizations, %
Organization197019801990200020102014
Asia-Pacific Economic Cooperation5.55.73.36.116.823.9
Asia-Pacific Trade Agreement53.553.138.452.767.273.7
Group of Twenty3.83.52.24.511.917.5
Shanghai Cooperation Organisation100.0100.039.080.477.782.9

© Ivan Kushnir


E-book. World macroeconomic research, 1970-2014