What was China's GDP (current US$) in 2024?

In 2024, China's GDP (current US$) was $18.74 trillion, according to World Bank Open Data.

Is China's GDP (current US$) rising or falling?

China's GDP (current US$) rose 2.6% from 2023 to 2024.

How does China rank globally on GDP (current US$)?

In 2024, China ranked #2 out of 192 countries reporting GDP (current US$).

How does China's GDP (current US$) compare to the world average?

The global average for GDP (current US$) in 2024 was $572.20 billion, so China is above the world average. Within East Asia & Pacific, it ranks #1 of 30.

China: GDP (current US$)

Name: China: GDP (current US$)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2024, China's GDP (current US$) was $18.74 trillion.

That's up 2.6% from 2023, the highest value on record.

The global average for this indicator in 2024 was $572.20 billion . China ranks #2 globally out of 192 reporting countries. Within East Asia & Pacific, it ranks #1 of 30.

Source: World Bank Open Data (NY.GDP.MKTP.CD) • Data as of 2024

Trend (2005–2024)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse
2022 · Russia–Ukraine war begins

Highlights

Peak: $18.74T; 2024
Trough: $2.32T; 2005
1-year change: +2.6%
5-year change: +28.7%; +5.2% / yr
10-year change: +75.6%; +5.8% / yr

Real vs nominal growth

Over the last 10 years, China's nominal GDP (current US$) changed by +75.6%, while real (inflation-adjusted) GDP (constant 2015 US$) changed by +75.3%. The two series move closely, suggesting modest inflation/currency effects over this period.

Historical Data — Last 10 Years

Year	GDP (current US$)
2024	18.744T
2023	18.270T
2022	18.317T
2021	18.202T
2020	14.996T
2019	14.560T
2018	14.148T
2017	12.538T
2016	11.456T
2015	11.281T

About GDP (current US$)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.MKTP.CD • Category: Economy

How to read GDP figures: GDP (Gross Domestic Product) is measured in current US dollars, which means values change both due to real economic growth and currency fluctuations. A more useful comparison across countries is GDP per capita, which divides GDP by population. For growth trends, check GDP growth (annual %).

Frequently asked questions

What was China's GDP (current US$) in 2024?: In 2024, China's GDP (current US$) was $18.74 trillion, according to World Bank Open Data.
Is China's GDP (current US$) rising or falling?: China's GDP (current US$) rose 2.6% from 2023 to 2024.
How does China rank globally on GDP (current US$)?: In 2024, China ranked #2 out of 192 countries reporting GDP (current US$).
How does China's GDP (current US$) compare to the world average?: The global average for GDP (current US$) in 2024 was $572.20 billion, so China is above the world average. Within East Asia & Pacific, it ranks #1 of 30.
What is GDP (current US$) and how is it measured?: Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

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Source: World Bank Open Data (NY.GDP.MKTP.CD), CC BY 4.0.