The graph shows per capita gross domestic product (GDP) in China until 2023, with forecasts until 2029. In 2023, per capita GDP reached around 12,600 U.S. dollars in China. That year, the overall GDP of China had amounted to 17.8 trillion U.S. dollars.
Per capita GDP in China
Gross domestic product is a commonly-used economic indicator for measuring the state of a country's economy. GDP is the total market value of goods and services produced in a country within a given period of time, usually a year. Per capita GDP is defined as the GDP divided by the total number of people in the country. This indicator is generally used to compare the economic prosperity of countries with varying population sizes.
In 2010, China overtook Japan and became the world’s second-largest economy. As of 2023, it was the largest exporter and the second largest importer in the world. However, one reason behind its economic strength lies within its population size. China has to distribute its wealth among 1.4 billion people. By 2023, China's per capita GDP was only about one fourth as large as that of main industrialized countries. When compared to other emerging markets, China ranked second among BRIC countries in terms of GDP per capita.
Future development
According to projections by the IMF, per capita GDP in China will escalate from around 12,600 U.S. dollars in 2022 to 17,700 U.S. dollars in 2029. Major reasons for this are comparatively high economic growth rates combined with negative population growth. China's economic structure is also undergoing changes. A major trend lies in the shift from an industry-based to a service-based economy.
Gross domestic product (GDP) per capita in current prices in China from 1985 to 2023 with forecasts until 2029
(in U.S. dollars)
Characteristic
GDP per capita in U.S. dollars
2029*
17,546.14
2028*
16,617.49
2027*
15,692.06
2026*
14,792.96
2025*
13,873.31
2024*
12,968.57
2023
12,597.31
2022
12,642.85
2021
12,572.07
2020
10,525
2019
10,170.06
2018
9,848.95
2017
8,760.26
2016
8,063.45
2015
8,034.29
2014
7,645.88
2013
7,039.57
2012
6,282.71
2011
5,553.24
2010
4,499.8
2009
3,813.41
2008
3,446.7
2007
2,691.05
2006
2,095.24
2005
1,751.37
2004
1,499.71
2003
1,282.21
2002
1,141.14
2001
1,044.96
2000
951.16
1999
865.24
1998
820.9
1997
774.91
1996
703.06
1995
603.53
1994
468.66
1993
520.97
1992
420.03
1991
356.76
1990
346.87
1989
406.53
1988
368.08
1987
299.84
1986
279.91
1985
292.99
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IMF. (October 22, 2024). Gross domestic product (GDP) per capita in current prices in China from 1985 to 2023 with forecasts until 2029 (in U.S. dollars) [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/263775/gross-domestic-product-gdp-per-capita-in-china/
IMF. "Gross domestic product (GDP) per capita in current prices in China from 1985 to 2023 with forecasts until 2029 (in U.S. dollars)." Chart. October 22, 2024. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/263775/gross-domestic-product-gdp-per-capita-in-china/
IMF. (2024). Gross domestic product (GDP) per capita in current prices in China from 1985 to 2023 with forecasts until 2029 (in U.S. dollars). Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/263775/gross-domestic-product-gdp-per-capita-in-china/
IMF. "Gross Domestic Product (Gdp) per Capita in Current Prices in China from 1985 to 2023 with Forecasts until 2029 (in U.S. Dollars)." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/263775/gross-domestic-product-gdp-per-capita-in-china/
IMF, Gross domestic product (GDP) per capita in current prices in China from 1985 to 2023 with forecasts until 2029 (in U.S. dollars) Statista, https://www.statista.com/statistics/263775/gross-domestic-product-gdp-per-capita-in-china/ (last visited November 03, 2024)
Gross domestic product (GDP) per capita in current prices in China from 1985 to 2023 with forecasts until 2029 (in U.S. dollars) [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/263775/gross-domestic-product-gdp-per-capita-in-china/