Visualizing China's $18.6 Trillion Economy 🇨🇳

What We're Showing

China's 2024 GDP in USD, broken down by sector. Currency conversion and data as of Jan. 19, 2025.

Data comes from the National Bureau of Statistics of China.

Key Takeaways

• In 2024, China's GDP grew by 5%, which is in line with the government's official target of "around 5%." China has kept its 5% target for 2025, amid its escalating trade war with the U.S.
• The country's real estate sector was the only sector to contract last year, due to weak demand, oversupply of unsold housing inventory, and financial distress among developers.
• Industrial production, including manufacturing, continues to be China's largest industry, while information transmission, software, and IT services, which includes telecom companies and large tech companies like Alibaba and Tencent, saw the greatest year-over year growth.