According to the International Monetary Fund (IMF), real GDP of China is forecast to grow by 8.2 percent in 2021 and 5.8 percent in 2022.
Download the data and forecasts in 1980-2025: China GDP growth rate, nominal GDP, GDP PPP, GDP per capita, projected GDP (xls)
Note: The data is based on the IMF’s World Economic Outlook Database, October 2020.
1) Real GDP growth rate: 2010 – 10.6 percent, 2011 – 9.5 percent, 2012 – 7.9 percent, 2013 – 7.8 percent, 2014 – 7.3 percent, 2015 – 6.9 percent, 2016 – 6.8 percent, 2017 – 6.9 percent, 2018 – 6.8 percent, 2019 – 6.1 percent and 2020 – 1.9 percent.
Gross domestic product is the market value of all goods and services made in a country in a year. Annual percentages of constant price GDP are year-on-year changes. Expenditure-based GDP is total final expenditures at purchasers’ prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services.
2) Projected real GDP growth rate: 2021 – 8.2 percent, 2022 – 5.8 percent, 2023 – 5.7 percent, 2024 – 5.6 percent and 2025 – 5.5 percent.
3) Nominal GDP in current prices, billions of Chinese yuan (code: CNY; sign: ¥): 2010 – ¥40,850.540 billion, 2011 – ¥48,410.931 billion, 2012 – ¥53,903.991 billion, 2013 – ¥59,634.448 billion, 2014 – ¥64,654.796 billion, 2015 – ¥69,209.370 billion, 2016 – ¥74,598.051 billion, 2017 – ¥82,898.276 billion, 2018 – ¥91,577.426 billion, 2019 – ¥99,492.740 billion and 2020 – ¥102,491.039 billion.
4) Projected nominal GDP in current prices, billions of Chinese yuan: 2021 – ¥112,870.533 billion, 2022 – ¥121,939.164 billion, 2023 – ¥131,747.288 billion, 2024 – ¥142,322.112 billion and 2025 – ¥153,496.917 billion.
5) Nominal GDP in current prices, billions of U.S. dollars: 2010 – $6,033.813 billion, 2011 – $7,492.257 billion, 2012 – $8,539.472 billion, 2013 – $9,625.044 billion, 2014 – $10,524.211 billion, 2015 – $11,113.528 billion, 2016 – $11,227.075 billion, 2017 – $12,265.317 billion, 2018 – $13,841.901 billion, 2019 – $14,401.726 billion and 2020 – $14,860.775 billion.
Values are based upon GDP in national currency converted to U.S. dollars using market exchange rates (yearly average).
6) Projected nominal GDP in current prices, billions of U.S. dollars: 2021 – $16,492.813 billion, 2022 – $17,933.629 billion, 2023 – $19,512.741 billion, 2024 – $21,217.565 billion and 2025 – $23,029.813 billion.
7) GDP PPP (Purchasing power parity) in current prices, billions of international dollars: 2010 – $12,287.316 billion, 2011 – $13,735.671 billion, 2012 – $15,137.455 billion, 2013 – $16,277.355 billion, 2014 – $17,200.686 billion, 2015 – $17,880.337 billion, 2016 – $18,701.703 billion, 2017 – $19,814.058 billion, 2018 – $21,659.302 billion, 2019 – $23,393.004 billion and 2020 – $24,162.435 billion.
GDP PPP = gross domestic product based on purchasing power parity, international dollars. Average consumer price level in the US = 100%.
GDP PPP takes into account differences in the cost of living in different countries. Purchasing power parity means how much money would be needed to buy the same item basket in two different countries. Using a PPP basis is arguably more useful when comparing generalized differences in living standards between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange rates, which may distort the real differences in income.
8) Projected GDP PPP in current prices, billions of international dollars: 2021 – $26,730.564 billion, 2022 – $28,783.596 billion, 2023 – $30,985.169 billion, 2024 – $33,360.650 billion and 2025 – $35,882.250 billion.
9) Nominal GDP per capita in current prices, U.S. dollars: 2010 – $4,499.8, 2011 – $5,560.7, 2012 – $6,306.7, 2013 – $7,073.5, 2014 – $7,694.1, 2015 – $8,084.8, 2016 – $8,119.6, 2017 – $8,823.5, 2018 – $9,919.8, 2019 – $10,286.6 and 2020 – $10,582.1.
GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.
10) Projected nominal GDP per capita in current prices, U.S. dollars: 2021 – $11,712.9, 2022 – $12,706.8, 2023 – $13,799.1, 2024 – $14,981.6 and 2025 – $16,242.2.
11) GDP PPP per capita in current prices, international dollars: 2010 – $9,163.4, 2011 – $10,194.6, 2012 – $11,179.5, 2013 – $11,962.3, 2014 – $12,575.3, 2015 – $13,007.5, 2016 – $13,525.4, 2017 – $14,253.9, 2018 – $15,522.2, 2019 – $16,708.7 and 2020 – $17,205.7.
Expressed in GDP in PPP dollars per person. Data are derived by dividing GDP in PPP dollars by total population.
12) Projected GDP PPP per capita in current prices, international dollars: 2021 – $18,983.5, 2022 – $20,394.5, 2023 – $21,912.3, 2024 – $23,555.7 and 2025 – $25,306.6.
13) GDP based on purchasing-power-parity (PPP) share of world total, percent: 2010 – 13.7 percent, 2011 – 14.4 percent, 2012 – 15.1 percent, 2013 – 15.5 percent, 2014 – 15.8 percent, 2015 – 16.1 percent, 2016 – 16.2 percent, 2017 – 16.3 percent, 2018 – 16.8 percent, 2019 – 17.4 percent and 2020 – 18.6 percent.
Expressed in percent of world GDP in PPP dollars.
14) Projected GDP based on purchasing-power-parity (PPP) share of world total, percent: 2021 – 19,1 percent, 2022 – 19,4 percent, 2023 – 19,8 percent, 2024 – 20,2 percent and 2025 – 20,6 percent.
15) Deflator of Gross domestic product (index to the previous year), percent: 2010 – 106.3 percent, 2011 – 108.2 percent, 2012 – 103.2 percent, 2013 – 102.6 percent, 2014 – 101.0 percent, 2015 – 100.1 percent, 2016 – 100.9 percent, 2017 – 103.9 percent, 2018 – 103.5 percent, 2019 – 102.4 percent and 2020 – 101.1 percent.
The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation.
16) Projected deflator of Gross domestic product (index to the previous year), percent: 2021 – 101.7 percent, 2022 – 102.1 percent, 2023 – 102.2 percent, 2024 – 102.3 percent and 2025 – 102.2 percent.
17) Ratio of the average price level in China to the average price level in the United States, percent: 2010 – 49.1 percent, 2011 – 54.5 percent, 2012 – 56.4 percent, 2013 – 59.1 percent, 2014 – 61.2 percent, 2015 – 62.2 percent, 2016 – 60.0 percent, 2017 – 61.9 percent, 2018 – 63.9 percent, 2019 – 61.6 percent and 2020 – 61.5 percent.
18) Projected ratio of the average price level in China to the average price level in the United States, percent: 2021 – 61.7 percent, 2022 – 62.3 percent, 2023 – 63.0 percent, 2024 – 63.6 percent and 2025 – 64.2 percent.
See also: Ranking of countries by nominal GDP in current prices in 1980-2025
Ranking of countries by GDP PPP in 1980-2025
Ranking of countries by real GDP growth rate in 1980-2025
Ranking of countries by nominal GDP per capita in 1980-2025
Ranking of countries by GDP PPP per capita in 1980-2025
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Tags: English, GDP, GDP PPP, projected GDP, IMF
Source: BusinessForecast.by