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Economy Snapshot

China Economy and Trade

BeijingLocal time

GDP $19.50T · real growth +5.0% · latest verified annual data

China's macroeconomic panel uses $19.50T as the nominal GDP observation for 2025 and +5.0% as the real-growth observation for 2025. For household-scale context, GDP per capita is $13,862 in 2025, while consumer-price inflation is 0.1% in 2025. Reference years remain attached to each series so readers can compare the figures without treating differently dated measures as one snapshot.

Nominal GDP
$19.50T
current US$ · 2025
World Bank
GDP per capita
$13,862
current US$ · 2025
World Bank
Real GDP growth
+5.0%
annual % · 2025
World Bank
Inflation
0.1%
CPI annual % · 2025
Source listed below

China at a Glance

Reference years stay attached to each measure so current-dollar output, real growth, prices, jobs and trade are not silently mixed.

Output trend

Nominal GDP · annual observations · current US$ · World Bank
201520172019202120232025$11.28T$19.50T
2015: $11.28T2016: $11.46T2017: $12.54T2018: $14.15T2019: $14.56T2020: $15.00T2021: $18.20T2022: $18.32T2023: $18.27T2024: $18.73T2025: $19.50T
GDP per capita$13,862
Real growth+5.0%
GDP year2025
2025 Inflation
0.1%
CPI annual %
2025 Unemployment
4.6%
labor-market measure
2025 GDP per capita
$13,862.0
current US$

Macro signals and Merchandise trade

Available measures are shown with their reported reference periods.

Macro signals

Latest verified World Bank observations
MACRO
Real growth2025+5.0%
Unemployment20254.6%
Inflation20250.1%

Merchandise trade

WTO profile · 2024 · USD
TRADE
Exports$3.58T
Imports$2.47T
Balance+$1103.83B
Largest highlighted export destination
United States14.7%

Merchandise trade is kept separate from services and current-account measures.

Exports
$3.58T
Imports
$2.47T
Understand the numbers

What China's economic profile is telling you

China's nominal GDP reached about $19.5 trillion in 2025 in the current World Bank series, with real output growth of 5.0 percent. Consumer-price inflation was close to zero, while modeled unemployment was 4.6 percent.

China ran a very large merchandise surplus in the matched 2024 WTO data. The United States and European Union were the two largest export destinations, while the European Union was the largest import partner shown in the profile.

Reading the macro data

GDP measures current-dollar economic size. Real growth tracks output after price effects, while CPI inflation and unemployment describe separate price and labor-market conditions.

Reading the trade data

Merchandise exports and imports cover traded goods. They are not combined with services trade or presented as a current-account balance.

Detailed Economic Data

IndicatorChinaReference periodStatus
GDPcurrent US$, market prices$19.50T2025Actual
GDP per capitacurrent US$$13,862.02025Actual
Real GDP growthannual %+5.0%2025Actual
InflationCPI, annual %0.1%2025Actual
Unemploymentmodeled ILO estimate4.6%2025Estimate
Merchandise exportscurrent USD$3.58T2024Actual
Merchandise importscurrent USD$2.47T2024Actual

Frequently Asked Questions

What is China's GDP?

Nominal GDP was about $19.50T in 2025 in current US dollars according to the World Bank.

How fast is China's economy growing?

Real GDP growth was +5.0% in 2025.

What is inflation in China?

The annual CPI reading used here is 0.1% for 2025.

What does merchandise trade show for China?

Merchandise exports were $3.58T and imports were $2.47T in 2024, giving a same-year balance of +$1103.83B.

Sources & methodology

Sources for the economic indicators and definitions shown above.

View sources used for this page
WTO Tariff and Trade Data

Matched-year merchandise exports and imports from the WTO economy profile.

Each metric keeps its own definition and reference year. Missing data is left unavailable rather than silently substituted.