The Chinese economy grew by 1.5 percent quarter-on-quarter in the three months to December 2018, compared to a 1.6 percent expansion in the previous period and in line with market estimates. It was the weakest pace of quarterly expansion since the first quarter of the year. GDP Growth Rate in China averaged 1.79 percent from 2010 until 2018, 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 1.40 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 1.10 percent in 2020, according to our econometric models.

China GDP Growth Rate
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-04-17 02:00 AM GDP Growth Rate QoQ 1.4% 1.6% 1.5% 1.5%
2018-07-16 02:00 AM GDP Growth Rate QoQ 1.8% 1.4% 1.6% 1.4%
2018-10-19 02:00 AM GDP Growth Rate QoQ 1.6% 1.8% 1.6% 1.5%
2019-01-21 02:00 AM GDP Growth Rate QoQ 1.5% 1.6% 1.5% 1.5%
2019-04-17 02:00 AM GDP Growth Rate QoQ 1.5% 1.4%
2019-07-15 02:00 AM GDP Growth Rate QoQ 1.4%
2019-10-18 02:00 AM GDP Growth Rate QoQ 1.3%



China Quarterly GDP Growth Weakest in 3 Quarters

The Chinese economy grew by 1.5 percent quarter-on-quarter in the three months to December 2018, compared to a 1.6 percent expansion in the previous period and in line with market estimates. It was the weakest pace of quarterly expansion since the first quarter of the year.

Year-on-year, the economy advanced 6.4 percent in the December quarter of 2018, after a 6.5 percent growth in the previous quarter and matching market expectations. It was the lowest growth rate since the global financial crisis, amid intense trade dispute with the US and weakening domestic demand.

Considering full 2018, the economy expanded 6.6 percent, the weakest pace since 1990. 

Previously, China's statistic bureau revised down the country's GDP growth for 2017 to 6.8 percent from 6.9 percent.


Statistics China l Rida Husna | rida@tradingeconomics.com
1/21/2019 2:49:00 AM



China GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.50 1.60 2.40 1.40 percent [+]
GDP Annual Growth Rate 6.40 6.50 15.40 3.80 percent [+]
GDP 12237.70 11190.99 12237.70 47.21 USD Billion [+]
Gross National Product 824828.40 740598.70 824828.40 679.00 CNY HML [+]
Gross Fixed Capital Formation 346440.80 318083.60 346440.80 80.70 CNY HML [+]
GDP per capita 7329.09 6894.50 7329.09 132.00 USD [+]
GDP per capita PPP 15308.71 14400.90 15308.71 1526.40 USD [+]
GDP Constant Prices 900309.00 650898.80 900309.00 5262.80 CNY HML [+]
GDP From Agriculture 64734.00 42173.00 65467.60 649.30 CNY HML [+]
GDP From Construction 61808.00 41590.00 61808.00 181.90 CNY HML [+]
GDP From Manufacturing 305160.00 222165.00 305160.00 2207.80 CNY HML [+]
GDP From Services 469575.00 345773.00 469575.00 2212.70 CNY HML [+]
GDP From Transport 40550.00 29556.00 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.60 2.40 1.40 2010 - 2018 percent Quarterly




Country Last Previous
United States 2.60 Dec/18
Saudi Arabia 1.60 Sep/18
China 1.50 Dec/18
India 1.50 Sep/18
Singapore 1.40 Dec/18
South Africa 1.40 Dec/18
South Korea 1.00 Dec/18
Spain 0.70 Dec/18
Japan 0.50 Dec/18
Netherlands 0.50 Dec/18
France 0.30 Dec/18
Russia 0.30 Sep/18
Australia 0.20 Dec/18
Euro Area 0.20 Dec/18
Mexico 0.20 Dec/18
Switzerland 0.20 Dec/18
United Kingdom 0.20 Dec/18
Brazil 0.10 Dec/18
Canada 0.10 Dec/18
Germany 0.00 Dec/18
Italy -0.10 Dec/18
Argentina -0.70 Sep/18
Indonesia -1.69 Dec/18
Turkey -2.40 Dec/18


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