China BERD: % of Value Added
China BERD: % of Value Added data was reported at 2.295 % in 2021. This records an increase from the previous number of 2.281 % for 2020. China BERD: % of Value Added data is updated yearly, averaging 1.125 % from Dec 1991 (Median) to 2021, with 31 observations. The data reached an all-time high of 2.295 % in 2021 and a record low of 0.268 % in 1996. China BERD: % of Value Added data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s China – Table CN.OECD.MSTI: Business Enterprise Investment on Research and Development: Non OECD Member: Annual.
Definition of MSTI variables 'Value Added of Industry' and 'Industrial Employment':
R&D data are typically expressed as a percentage of GDP to allow cross-country comparisons. When compiling such indicators for the business enterprise sector, one may wish to exclude, from GDP measures, economic activities for which the Business R&D (BERD) is null or negligible by definition. By doing so, the adjusted denominator (GDP, or Value Added, excluding non-relevant industries) better correspond to the numerator (BERD) with which it is compared to.
The MSTI variable 'Value added in industry' is used to this end:
It is calculated as the total Gross Value Added (GVA) excluding 'real estate activities' (ISIC rev.4 68) where the 'imputed rent of owner-occupied dwellings', specific to the framework of the System of National Accounts, represents a significant share of total GVA and has no R&D counterpart. Moreover, the R&D performed by the community, social and personal services is mainly driven by R&D performers other than businesses.
Consequently, the following service industries are also excluded: ISIC rev.4 84 to 88 and 97 to 98. GVA data are presented at basic prices except for the People's Republic of China, Japan and New Zealand (expressed at producers' prices).In the same way, some indicators on R&D personnel in the business sector are expressed as a percentage of industrial employment. The latter corresponds to total employment excluding ISIC rev.4 68, 84 to 88 and 97 to 98.
View China's China BERD: % of Value Added from 1991 to 2021 in the chart:
What was China's China BERD: % of Value Added in 2021?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 2.295 2021 | 2.281 2020 | 0.268 1996 | 2.295 2021 | % | yearly | 1991 - 2021 |
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| National Accounts | Last | Frequency | Range |
|---|---|---|---|
| Forecast: GDP PPP Per Capita (PPP Intl $) | 31,424.403 2028 | yearly | 1980 - 2028 |
| Forecast: Nominal GDP Per Capita (USD) | 18,826.230 2027 | yearly | 1980 - 2027 |
| Forecast: Real GDP Growth (%) | 3.437 2028 | yearly | 1980 - 2028 |
| GDP Deflator Growth (%) | 0.0 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| GDP per Capita (USD) | 13,306.173 2024 | yearly | 1957 - 2024 |
| Gross Fixed Capital Formation (USD mn) | 7,546,959.529 2022 | yearly | 1957 - 2022 |
| Gross National Product (GNP) (USD mn) | 18,617,329.482 2024 | yearly | 1957 - 2024 |
| Gross Savings Rate (%) | 44.3 2023 | yearly | 1952 - 2023 |
| Investment: % of GDP (%) | 41.1 2023 | yearly | 1952 - 2023 |
| Nominal GDP (USD mn) | 4,166,759.1 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
| Nominal GDP Growth (%) | 4.619 Dec 2024 | quarterly | Mar 1993 - Dec 2024 |
| Private Consumption Expenditure (USD mn) | 7,233,648.318 2023 | yearly | 1957 - 2023 |
| Private Consumption: % of GDP (%) | 39.6 2023 | yearly | 1952 - 2023 |
| Public Consumption Expenditure (USD mn) | 2,939,579.607 2023 | yearly | 1957 - 2023 |
| Public Consumption: % of GDP (%) | 16.5 2023 | yearly | 1952 - 2023 |
| Real GDP Growth (%) | 4.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
| Total Trade of Goods & Services: % of Nominal GDP (%) | 38.987 Sep 2024 | quarterly | Mar 1998 - Sep 2024 |
| Production | Last | Frequency | Range |
|---|---|---|---|
| Gold Production (kg) | 380,000.000 2024 | yearly | 1990 - 2024 |
| Industrial Production Index Growth (%) | 6.2 Dec 2024 | monthly | Jan 1995 - Dec 2024 |
| Minerals Production (Metric Ton) | 5,038,785,218.000 2022 | yearly | 2009 - 2022 |
| Motor Vehicle Production (Unit) | 30,160,966.000 2023 | yearly | 1997 - 2023 |
| Silver Production (Metric Ton) | 3,300.000 2024 | yearly | 1986 - 2024 |
| Construction and Properties | Last | Frequency | Range |
|---|---|---|---|
| House Prices Growth (%) | -4.1 Dec 2024 | monthly | Mar 1999 - Dec 2024 |
| Nominal Residential Property Price Index (2010=100) | 124.927 Sep 2024 | quarterly | Jun 2005 - Sep 2024 |
| Nominal Residential Property Price Index Growth (%) | -8.574 Sep 2024 | quarterly | Jun 2006 - Sep 2024 |
| Real Residential Property Price Index (2010=100) | 93.823 Sep 2024 | quarterly | Jun 2005 - Sep 2024 |
| Real Residential Property Price Index Growth (%) | -9.029 Sep 2024 | quarterly | Jun 2006 - Sep 2024 |
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -4.8 Dec 2024 | quarterly | Dec 1995 - Dec 2024 |
| Forecast: Government Expenditure (RMB bn) | 61,759.865 2029 | yearly | 1982 - 2029 |
| Forecast: Government Net Debt (RMB bn) | 193,709.639 2029 | yearly | 1995 - 2029 |
| Forecast: Government Revenue (RMB bn) | 47,402.036 2029 | yearly | 1982 - 2029 |
| Government Debt: % of GDP (%) | 25.6 Dec 2024 | quarterly | Mar 2014 - Dec 2024 |
| National Government Debt (USD mn) | 4,229,996.2 2023 | yearly | 2005 - 2023 |
| Tax Revenue (USD mn) | 179,241.007 Dec 2024 | monthly | Jan 1995 - Dec 2024 |
| Consolidated Fiscal Balance (USD mn) | -259,137.171 Dec 2024 | monthly | Jan 1995 - Dec 2024 |
| Tax Revenue: % of GDP (%) | 11.6 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Demographic and Labour Market | Last | Frequency | Range |
|---|---|---|---|
| Employed Persons (Person) | 734,390,000.000 2024 | yearly | 1949 - 2024 |
| Forecast: Population (Person mn) | 1,401.069 2028 | yearly | 1980 - 2028 |
| Forecast: Unemployment Rate (%) | 5.100 2029 | yearly | 2017 - 2029 |
| Labour Force Participation Rate (%) | 65.8 2023 | yearly | 1990 - 2023 |
| Labour Productivity Growth (%) | 5.84 2024 | yearly | 1953 - 2024 |
| Monthly Earnings (USD) | 1,392 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Population (Person mn) | 1,408.3 2024 | yearly | 1949 - 2024 |
| Unemployment Rate (%) | 5.10 Dec 2024 | quarterly | Mar 2017 - Dec 2024 |
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