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GDP (Local Currency) in China

Source: World Bank, National Statistical Office, IMF estimates (Oct 2020)
Last Updated: Feb 8, 2021

GDP in local currency terms reached 99,493 CNY bil in 2019 in China, according to the National Statistical Office. This is 8.64 % more than in the previous year.

Historically, GDP in local currency terms in China reached an all time high of 129,486 CNY bil in 1958 and an all time low of 69.2 CNY bil in 1952. When compared to China's main peers, GDP in local currency terms in India amounted to 203,399 INR bil, 553,760 JPY bil in Japan, 110,046 RUB bil in Russia and 21,433 USD bil in USA in 2019.

China has been ranked 21st within the group of 174 countries we follow in terms of GDP in local currency terms, 1 places behind the position seen 10 years ago.

GDP at purchaser's prices is the sum of the gross value added to the economy by all resident producers, plus any product taxes and minus any subsidies not included in the value of the products.

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