China: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Upper Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | China is the world leader in gross value of agricultural and industrial outputs. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): United States, Japan, and South Korea |
| Top Industries Source: CIA World Factbook | Mining and Ore Processing (Iron, Steel, Aluminum, Other Metals, Coal); Machine Building; Armaments; Textiles and Apparel; Petroleum; Cement; Chemicals |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $27,312,548,291,593 (2021) |
| GDP Growth Rate (annual %) | 8.11% (2021) |
| GDP Per Capita, PPP (current international) | $19,338 (2021) |
GDP Country Rank 1/197 (2021)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 0.981% (2021) |
| External debt stocks, total (DOD, current US$) | $2,702,504,713,267 (2021) |
| Total tax rate (% of commercial profits) | 59.2% (2019) |
| Real Interest Rate (5 year average %) | -0.021% (2021) |
| Manufacturing, value added (% of GDP) | 27.438% (2021) |
| Current Account Balance (BoP, current US$) | $317,300,990,627 (2021) |
Labor and Employment [1]
| Labor Force, Total | 791,382,586 (2021) |
| Employment in Agriculture (% of total employment) | 24.729% (2020) |
| Employment in Industry (% of total employment) | 28.183% (2020) |
| Employment in Services (% of total employment) | 47.088% (2020) |
| Unemployment Rate | 4.817% (2021) |
Trade [1]
| Imports of goods and services (current US$) | $3,091,259,284,839 (2021) |
| Exports of goods and services (current US$) | $3,553,509,241,460 (2021) |
| Total Merchandise Trade (% of GDP) | 34.129% (2021) |
| FDI, net inflows (BoP, current US$) | $333,979,029,130 (2021) |
| Commercial Service Exports (current US$) | $336,889,113,963 (2021) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, China’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.