The Chinese economy grew by a seasonally adjusted 1.6 percent on quarter in the three months to June 2019, accelerating from a 1.4 percent expansion in the previous period and beating market consensus of 1.5 percent. That was the fastest pace of expansion since the third quarter of 2018. GDP Growth Rate in China averaged 1.77 percent from 2010 until 2019, reaching an all time high of 2.40 percent in the first quarter of 2011 and a record low of 1.40 percent in the first quarter of 2016.

GDP Growth Rate in China is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in China to stand at 1.30 in 12 months time. In the long-term, the China GDP Growth Rate is projected to trend around 1.30 percent in 2020, according to our econometric models.

China GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-19 02:00 AM GDP Growth Rate QoQ Q3 1.6% 1.8% 1.6% 1.5%
2019-01-21 02:00 AM GDP Growth Rate QoQ Q4 1.5% 1.6% 1.5% 1.5%
2019-04-17 02:00 AM GDP Growth Rate QoQ Q1 1.4% 1.5% 1.4% 1.4%
2019-07-15 02:00 AM GDP Growth Rate QoQ Q2 1.6% 1.4% 1.5% 1.4%
2019-10-18 02:00 AM GDP Growth Rate QoQ Q3 1.6% 1.5%



China Economy Expands 1.6% QoQ in Q2

The Chinese economy grew by a seasonally adjusted 1.6 percent on quarter in the three months to June 2019, accelerating from a 1.4 percent expansion in the previous period and beating market consensus of 1.5 percent.

That was the fastest pace of expansion since the third quarter of 2018.

Year-on-year, economy advanced 6.2 percent year-on-year in the second quarter, slowing from a 6.4 percent expansion in the previous three-month period and matching market expectations. It was the lowest growth rate since the first quarter of 1992, amid ongoing trade tensions with the US, weakening global demand and alarming off-balance-sheet borrowings by local governments.


Statistics China | Rida Husna | rida@tradingeconomics.com
7/15/2019 8:37:39 AM



China GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.60 1.40 2.40 1.40 percent [+]
GDP Annual Growth Rate 6.20 6.40 15.40 3.80 percent [+]
GDP 13608.15 12143.49 13608.15 47.21 USD Billion [+]
Gross National Product 896915.60 820099.50 896915.60 679.10 CNY HML [+]
Gross Fixed Capital Formation 380771.80 349368.80 380771.80 80.70 CNY HML [+]
GDP per capita 7755.00 7308.10 7755.00 132.30 USD [+]
GDP per capita PPP 16186.80 15254.00 16186.80 1522.00 USD [+]
GDP Constant Prices 450933.00 213432.80 900309.50 5262.80 CNY HML [+]
GDP From Agriculture 23207.00 8769.40 64734.00 649.30 CNY HML [+]
GDP From Construction 27465.60 10528.60 61808.00 181.90 CNY HML [+]
GDP From Manufacturing 152993.70 72039.80 305160.00 2207.80 CNY HML [+]
GDP From Services 247743.00 122316.90 469574.60 2212.70 CNY HML [+]
GDP From Transport 20494.80 9552.80 40550.00 393.20 CNY HML [+]


China GDP Growth Rate

In China, the growth rate in GDP measures the change in the seasonally adjusted value of the goods and services produced by the Chinese economy during the quarter. As China’s traditional growth engines of manufacturing and construction are slowing down, services have emerged as the new driver. In the last few quarters strength in services and consumption helped to offset weaker manufacturing and exports. . This page provides - China GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. China GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.40 2.40 1.40 2010 - 2019 percent Quarterly
SA




Country Last Previous
United States 3.10 Mar/19
China 1.60 Jun/19
India 1.60 Dec/18
Turkey 1.30 Mar/19
Saudi Arabia 1.07 Dec/18
Spain 0.70 Mar/19
Japan 0.60 Mar/19
Switzerland 0.60 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Australia 0.40 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Canada 0.10 Mar/19
Italy 0.10 Mar/19
Argentina -0.20 Mar/19
Brazil -0.20 Mar/19
Mexico -0.20 Mar/19
Russia -0.40 Mar/19
South Korea -0.40 Mar/19
Indonesia -0.52 Mar/19
South Africa -3.20 Mar/19
Singapore -3.40 Jun/19


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