China Forecast: Real GDP Growth

1980 - 2028 | Yearly | % | International Monetary Fund

Key information about China Forecast: Real GDP Growth

  • China Real GDP Growth is forecasted to be 5.200 % in Dec 2023 as reported by International Monetary Fund.
  • It records a decrease from the last reported number of 3.000 % in Dec 2022.
  • Looking ahead, China Real GDP Growth is projected to stand at 3.437 % in Dec 2028.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Gross Domestic Product: Constant Prices: YoY.

View China's Forecast: Real GDP Growth from 1980 to 2028 in the chart:

China Forecast: Real GDP Growth

What is China's Forecast: Real GDP Growth in 2028?

China Real GDP Growth is forecasted to be 5.200 % in Dec 2023 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.437 2028 3.620 2027 2.242 2020 15.200 1984 % yearly 1980 - 2028

Forecast: Real GDP Growth by Country Comparison

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country/region Last Frequency Range
Afghanistan (%) -2.351 2020 yearly 2003 - 2020
Albania (%) 3.400 2028 yearly 1980 - 2028
Algeria (%) 1.782 2028 yearly 1980 - 2028
Andorra (%) 1.500 2028 yearly 2001 - 2028
Angola (%) 4.230 2028 yearly 1980 - 2028
Antigua and Barbuda (%) 2.685 2027 yearly 1980 - 2027
Argentina (%) 2.000 2027 yearly 1980 - 2027
Armenia (%) 4.500 2028 yearly 1993 - 2028
Aruba (%) 1.100 2028 yearly 1987 - 2028
Australia (%) 2.279 2027 yearly 1980 - 2027
Austria (%) 1.527 2028 yearly 1980 - 2028
Azerbaijan (%) 2.572 2028 yearly 1993 - 2028
Bahamas (%) 1.496 2027 yearly 1980 - 2027
Bahrain (%) 2.733 2028 yearly 1980 - 2028
Bangladesh (%) 9.531 2021 yearly 1980 - 2021
Barbados (%) 1.840 2027 yearly 1980 - 2027
Belarus (%) 0.741 2028 yearly 1993 - 2028
Belgium (%) 1.289 2028 yearly 1980 - 2028
Belize (%) 2.012 2027 yearly 1980 - 2027
Benin (%) 5.934 2028 yearly 1980 - 2028
Bhutan (%) 3.877 2028 yearly 1980 - 2028
Bolivia (%) 3.400 2027 yearly 1980 - 2027
Bosnia and Herzegovina (%) 3.000 2028 yearly 1997 - 2028
Botswana (%) 3.957 2028 yearly 1980 - 2028
Brazil (%) 2.015 2028 yearly 1980 - 2028
Brunei (%) 2.112 2027 yearly 1986 - 2027
Bulgaria (%) 2.840 2028 yearly 1980 - 2028
Burkina Faso (%) 5.258 2027 yearly 1980 - 2027
Burundi (%) 4.565 2027 yearly 1980 - 2027
Cambodia (%) 6.500 2027 yearly 1988 - 2027
Cameroon (%) 4.898 2027 yearly 1980 - 2027
Canada (%) 1.669 2028 yearly 1980 - 2028
Cape Verde (%) 4.498 2027 yearly 1980 - 2027
Central African Republic (%) 3.347 2028 yearly 1980 - 2028
Chad (%) 3.508 2027 yearly 1980 - 2027
Chile (%) 2.459 2027 yearly 1980 - 2027
China (%) 3.437 2028 yearly 1980 - 2028
Colombia (%) 3.345 2028 yearly 1980 - 2028
Comoros (%) 4.342 2027 yearly 1980 - 2027
Congo (%) 3.980 2028 yearly 1980 - 2028
Costa Rica (%) 3.243 2027 yearly 1980 - 2027
Croatia (%) 2.800 2028 yearly 1993 - 2028
Cyprus (%) 2.862 2028 yearly 1980 - 2028
Czech Republic (%) 2.501 2027 yearly 1996 - 2027
Democratic Republic of Congo (%) 6.482 2028 yearly 1980 - 2028
Denmark (%) 1.800 2027 yearly 1980 - 2027
Djibouti (%) 5.000 2028 yearly 1992 - 2028
Dominica (%) 2.685 2028 yearly 1980 - 2028
Dominican Republic (%) 4.985 2028 yearly 1980 - 2028
Ecuador (%) 2.751 2028 yearly 1980 - 2028
Egypt (%) 5.984 2028 yearly 1980 - 2028
El Salvador (%) 1.965 2027 yearly 1980 - 2027
Equatorial Guinea (%) -0.981 2027 yearly 1980 - 2027
Eritrea (%) 2.925 2028 yearly 1993 - 2028
Estonia (%) 3.300 2027 yearly 1994 - 2027
Swaziland (%) 2.278 2027 yearly 1980 - 2027
Ethiopia (%) 6.953 2028 yearly 1980 - 2028
Fiji (%) 3.459 2028 yearly 1980 - 2028
Finland (%) 1.246 2028 yearly 1980 - 2028
France (%) 1.450 2028 yearly 1980 - 2028
Gabon (%) 3.809 2027 yearly 1981 - 2027
Gambia (%) 5.000 2027 yearly 1980 - 2027
Georgia (%) 5.198 2028 yearly 1995 - 2028
Germany (%) 1.134 2028 yearly 1980 - 2028
Ghana (%) 6.774 2027 yearly 1980 - 2027
Greece (%) 1.355 2027 yearly 1980 - 2027
Grenada (%) 2.849 2027 yearly 1980 - 2027
Guatemala (%) 3.900 2028 yearly 1980 - 2028
Guinea (%) 5.187 2027 yearly 1980 - 2027
Guinea-Bissau (%) 5.000 2027 yearly 1981 - 2027
Guyana (%) 3.320 2027 yearly 1980 - 2027
Haiti (%) 1.500 2027 yearly 1980 - 2027
Honduras (%) 3.940 2027 yearly 1980 - 2027
Hong Kong SAR, China (%) 2.849 2027 yearly 1980 - 2027
Hungary (%) 3.150 2027 yearly 1980 - 2027
Iceland (%) 2.329 2028 yearly 1980 - 2028
India (%) 6.042 2029 yearly 1981 - 2029
Indonesia (%) 5.117 2027 yearly 1980 - 2027
Iran (%) 2.047 2029 yearly 1981 - 2029
Iraq (%) 2.625 2027 yearly 1999 - 2027
Ireland (%) 3.010 2027 yearly 1980 - 2027
Israel (%) 3.499 2027 yearly 1980 - 2027
Italy (%) 0.882 2028 yearly 1980 - 2028
Ivory Coast (%) 6.000 2028 yearly 1980 - 2028
Jamaica (%) 1.600 2027 yearly 1980 - 2027
Japan (%) 0.409 2028 yearly 1980 - 2028
Jordan (%) 3.300 2027 yearly 1980 - 2027
Kazakhstan (%) 2.778 2028 yearly 1993 - 2028
Kenya (%) 5.516 2027 yearly 1980 - 2027
Kiribati (%) 1.971 2027 yearly 1980 - 2027
South Korea (%) 2.340 2027 yearly 1980 - 2027
Kosovo (%) 3.500 2028 yearly 2001 - 2028
Kuwait (%) 2.655 2027 yearly 1980 - 2027
Kyrgyzstan (%) 3.977 2028 yearly 1993 - 2028
Laos (%) 4.496 2028 yearly 1980 - 2028
Latvia (%) 3.377 2027 yearly 1993 - 2027
Lebanon (%) -22.000 2020 yearly 1980 - 2020
Lesotho (%) 1.084 2029 yearly 1981 - 2029
Liberia (%) 5.680 2027 yearly 2001 - 2027
Libya (%) 3.588 2027 yearly 1980 - 2027

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China Key Series

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Includes 271 key indicators for China, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.9 Jun 2023 quarterly Dec 1995 - Jun 2023
Consolidated Fiscal Balance (USD mn) 33,410.796 Jul 2023 monthly Jan 1995 - Jul 2023
Tax Revenue (USD mn) 207,878.348 Jun 2023 monthly Jan 1995 - Jun 2023
Tax Revenue: % of GDP (%) 15.6 Jun 2023 quarterly Mar 1995 - Jun 2023
National Government Debt (USD mn) 3,750,692.5 2022 yearly 2005 - 2022
Government Debt: % of GDP (%) 21.4 Mar 2023 quarterly Mar 2014 - Mar 2023
Forecast: Government Expenditure (RMB bn) 55,111.452 2028 yearly 1982 - 2028
Forecast: Government Net Debt (RMB bn) 177,572.787 2028 yearly 1995 - 2028
Forecast: Government Revenue (RMB bn) 44,940.561 2028 yearly 1982 - 2028
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.732 2028 yearly 1998 - 2028
Export to Import Ratio (%) 131.574 Aug 2023 monthly Jan 1992 - Aug 2023
Trade Balance (USD mn) 68,198.2 Aug 2023 monthly Jan 1992 - Aug 2023
Total Exports (USD mn) 284,791.0 Aug 2023 monthly Jan 1992 - Aug 2023
Total Exports Growth (%) 28.1 Oct 2021 monthly May 2009 - Oct 2021
Aluminum: Exports (USD th) 26,004,555.285 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 7,336,060.515 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 16,671,966.370 2022 yearly 1995 - 2022
Total Imports (USD mn) 216,592.7 Aug 2023 monthly Jan 1992 - Aug 2023
Total Imports Growth (%) 20.8 Oct 2021 monthly May 2009 - Oct 2021
Imports: Medicament (USD th) 23,784,262.340 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 16,976,456.488 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 45,031.699 Aug 2023 monthly Jan 1981 - Aug 2023
Total Imports from USA (USD mn) 11,976.162 Aug 2023 monthly Jan 1981 - Aug 2023
Trade Index: Export: Quantum (Prev Year=100) 96.019 Jul 2023 monthly Jan 2005 - Jul 2023
Trade Index: Export: Value (Prev Year=100) 90.753 Jul 2023 monthly Jan 2005 - Jul 2023
Trade Index: Import: Value (Prev Year=100) 93.093 Jul 2023 monthly Jan 2005 - Jul 2023
Trade Index: Import: Quantum (Prev Year=100) 102.401 Jul 2023 monthly Jan 2005 - Jul 2023
Trade Index: Export: Unit Value (Prev Year=100) 94.515 Jul 2023 monthly Jan 2005 - Jul 2023
Trade Index: Import: Unit Value (Prev Year=100) 90.911 Jul 2023 monthly Jan 2005 - Jul 2023
Automobile: Exports: Total (USD mn) 16,822.865 Jul 2023 monthly Jan 2003 - Jul 2023
Automobile: Exports: MC: Bus (USD mn) 1,950.418 Jul 2023 monthly Jan 2003 - Jul 2023
Automobile: Exports: MC: Sedan (USD mn) 1,209.113 Jul 2023 monthly Jan 2003 - Jul 2023
Automobile: Exports: Motorcycle (USD mn) 639.002 Jul 2023 monthly Mar 2003 - Jul 2023
Automobile: Imports: Total (USD mn) 6,226.368 Jul 2023 monthly Jan 2003 - Jul 2023
Imports: Other, Apparatus Based on the Use of X-rays for Medical (USD th) 66,760.689 Mar 2018 monthly Jan 2003 - Mar 2018
Imports: Computed Tomography Apparatus (USD th) 92,098.563 Mar 2018 monthly Jan 2003 - Mar 2018
Exports: Massage Apparatus (USD th) 172,419.213 Mar 2018 monthly Jan 2003 - Mar 2018
Exports: Other Needles, Catheters, Cannulae and the Like (USD th) 96,906.178 Mar 2018 monthly Jan 2003 - Mar 2018
Imports: Other Needles, Catheters, Cannulae and the Like (USD th) 152,633.684 Mar 2018 monthly Jan 2003 - Mar 2018
Exports: Adhesive Plasters (USD th) 45,585.795 Mar 2018 monthly Jan 2003 - Mar 2018
CN: Steel: Import: Steel Product: Rod & Bar (Ton th) 51.093 Jul 2023 monthly Jan 2002 - Jul 2023
CN: Steel: Import: Steel Product: Sheet & Plate (Ton th) 582.952 Jul 2023 monthly Jan 2002 - Jul 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 39,000.0 Jun 2023 quarterly Mar 1998 - Jun 2023
Current Account Balance (USD mn) 65,300.0 Jun 2023 quarterly Mar 1998 - Jun 2023
Current Account Balance: % of GDP (%) 1.5 Jun 2023 quarterly Mar 1998 - Jun 2023
Foreign Direct Investment (USD mn) 4,900.0 Jun 2023 quarterly Mar 1998 - Jun 2023
Foreign Direct Investment: % of GDP (%) 0.1 Jun 2023 quarterly Mar 1998 - Jun 2023
Foreign Portfolio Investment (USD mn) -18,217.337 Mar 2023 quarterly Mar 1998 - Mar 2023
Foreign Portfolio Investment: % of GDP (%) -0.4 Mar 2023 quarterly Mar 1998 - Mar 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 19,811.9 Dec 2022 quarterly Mar 1998 - Dec 2022
Foreign Portfolio Investment: Debt Securities (USD mn) -43,617.957 Mar 2023 quarterly Mar 1998 - Mar 2023
External Debt (USD mn) 2,452,764.7 Dec 2022 quarterly Jun 2003 - Dec 2022
External Debt: % of GDP (%) 13.6 2022 yearly 1985 - 2022
External Debt: Short Term (USD mn) 1,399,700.0 Mar 2023 quarterly Jun 2003 - Mar 2023
External Debt: Short Term: % of GDP (%) 7.4 2022 yearly 1985 - 2022
Forecast: Current Account Balance (USD bn) 121.542 2028 yearly 1997 - 2028
Net International Investment Position (USD mn) 2,531,328.433 Dec 2022 quarterly Mar 2011 - Dec 2022
BoP: Current Account (CA) (USD mn) 65,300.000 Jun 2023 quarterly Mar 1998 - Jun 2023
BoP: CA: Goods (USD mn) 163,300.000 Jun 2023 quarterly Mar 1998 - Jun 2023
BoP: CA: Debit (USD mn) -874,700.000 Jun 2023 quarterly Mar 1998 - Jun 2023
BoP: CA: Services: Credit (USD mn) 77,600.000 Jun 2023 quarterly Mar 1998 - Jun 2023
BoP: CA: Credit (USD mn) 940,000.000 Jun 2023 quarterly Mar 1998 - Jun 2023
BoP: CA: Services: Debit (USD mn) -132,500.000 Jun 2023 quarterly Mar 1998 - Jun 2023
BoP: CA: Primary Income (USD mn) -46,200.000 Jun 2023 quarterly Mar 1998 - Jun 2023
BoP: CA: Goods: Import (USD mn) -624,000.000 Jun 2023 quarterly Mar 1998 - Jun 2023
BoP: CA: Primary Income: Debit (USD mn) -112,300.000 Jun 2023 quarterly Mar 1998 - Jun 2023
BoP: CA: Goods: Export (USD mn) 787,300.000 Jun 2023 quarterly Mar 1998 - Jun 2023
BoP: CA: Primary Income: Credit (USD mn) 66,100.000 Jun 2023 quarterly Mar 1998 - Jun 2023
BoP: CA: Secondary Income: Debit (USD mn) -5,900.000 Jun 2023 quarterly Mar 1998 - Jun 2023
BoP: CA: Secondary Income (USD mn) 3,100.000 Jun 2023 quarterly Mar 1998 - Jun 2023
BoP: CA: Services (USD mn) -55,000.000 Jun 2023 quarterly Mar 1998 - Jun 2023
BoP: CA: Secondary Income: Credit (USD mn) 9,000.000 Jun 2023 quarterly Mar 1998 - Jun 2023
BoP: Capital Account (USD mn) -100.000 Jun 2023 quarterly Mar 1998 - Jun 2023
BoP: Financial Account (FA) (USD mn) -65,200.000 Jun 2023 quarterly Mar 1998 - Jun 2023
BoP: Capital Account: Debit (USD mn) -100.000 Jun 2023 quarterly Mar 1998 - Jun 2023
BoP: FA: Non-reserve (USD mn) -49,000.000 Jun 2023 quarterly Mar 1998 - Jun 2023
BoP: Capital Account: Credit (USD mn) 88.547 Mar 2023 quarterly Mar 1998 - Mar 2023
BoP: FA: Asset (USD mn) -99,836.552 Mar 2023 quarterly Mar 1998 - Mar 2023
BoP: FA: Liability (USD mn) 23,542.132 Mar 2023 quarterly Mar 1998 - Mar 2023
BoP: FA: Non-reserve: Asset (USD mn) -74,363.911 Mar 2023 quarterly Mar 1998 - Mar 2023
BoP: FA: Reserve Asset (USD mn) -16,300.000 Jun 2023 quarterly Mar 1998 - Jun 2023
BoP: Net Errors and Omissions (USD mn) -5,241.697 Mar 2023 quarterly Mar 1998 - Mar 2023
BoP: FA: Non-reserve: Liability (USD mn) 23,542.132 Mar 2023 quarterly Mar 1998 - Mar 2023
CN: FDI: Utilized: ytd: Manufacturing (USD mn) 41,174.210 Dec 2018 quarterly Dec 1997 - Dec 2018
CN: FDI: Utilized: ytd: Mfg: Comm, Computer & Other Electronic Eq (USD mn) 8,408.270 Dec 2018 quarterly Mar 1999 - Dec 2018
CN: FDI: Utilized: ytd: Wholesale and Retail Trade (USD mn) 9,766.890 Dec 2018 quarterly Mar 2001 - Dec 2018
CN: FDI: Utilized: ytd: Real Estate (USD mn) 22,467.400 Dec 2018 quarterly Dec 1997 - Dec 2018
CN: FDI: Utilized: ytd: Leasing and Commercial Service (USD mn) 18,874.590 Dec 2018 quarterly Mar 2001 - Dec 2018
Outward Direct Investment: ytd (USD mn) 75,360.000 Jun 2023 quarterly Dec 2008 - Jun 2023
Outward Investment: Asia: Singapore (USD mn) 8,405.040 2021 yearly 2003 - 2021
Outward Investment: Latin America: British Virgin Islands (USD mn) 13,971.010 2021 yearly 2003 - 2021
Outward Investment: Latin America: Cayman Islands (USD mn) 10,753.560 2021 yearly 2003 - 2021
Outward Investment: Information Transmission, Software and Information Technolog... (USD mn) 5,135.910 2021 yearly 2003 - 2021
Outward Investment: Leasing and Commercial Service (USD mn) 49,357.320 2021 yearly 2003 - 2021
Outward Investment: Financial Intermediation (USD mn) 26,798.790 2021 yearly 2006 - 2021
Outward Investment: Wholesale and Retail Trade (USD mn) 17,650.000 2021 yearly 2003 - 2021
Outward Investment: Manufacturing (USD mn) 26,866.730 2021 yearly 2003 - 2021
Outward Investment: Hong Kong (USD mn) 101,190.880 2021 yearly 2003 - 2021
Outward Investment: United States (USD mn) 5,584.350 2021 yearly 2003 - 2021
No of Business Entity: New Registration: ytd: Company (Unit mn) 9.040 Dec 2021 monthly Dec 2008 - Dec 2021
QFII: No of Institution: accumulated (Unit) 281.000 Apr 2015 monthly May 2003 - Apr 2015
QFII: Approved Investment Fund: accumulated (USD mn) 116,259.000 May 2020 monthly Jun 2003 - May 2020
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Jun 2023 quarterly Mar 2005 - Jun 2023
Household Debt: % of GDP (%) 63.3 Mar 2023 quarterly Mar 2007 - Mar 2023
Non-Performing Loans (USD mn) 441,007.303 Jun 2022 quarterly Mar 2005 - Jun 2022
Money Supply M1 (USD mn) 9,567,708.635 Dec 2022 monthly Jan 1997 - Dec 2022
Money Supply M2 (USD mn) 38,930,319.550 Dec 2022 monthly Jan 1997 - Dec 2022
M2 Growth (%) 11.6 May 2023 monthly Mar 1997 - May 2023
Reserve Requirement Ratio (%) 7.6 Aug 2023 monthly Jan 1985 - Aug 2023
Foreign Exchange Reserves (USD mn) 3,160,098.0 Aug 2023 monthly Jan 1989 - Aug 2023
Foreign Exchange Reserves: Months of Import (NA) 14.6 Aug 2023 monthly Jan 2000 - Aug 2023
Gold Reserves (USD mn) 135,224.000 Aug 2023 monthly Dec 1977 - Aug 2023
Total Deposits (USD mn) 38,851,305.267 Jul 2023 monthly Jan 1997 - Jul 2023
Total Deposits Growth (%) 6.0 Dec 2023 monthly Jan 1998 - Dec 2023
Domestic Credit (USD mn) 43,779,948.2 May 2023 monthly Jun 1999 - May 2023
Domestic Credit Growth (%) 10.8 Jun 2023 monthly Jun 2000 - Jun 2023
Debt Service Ratio: Private Non-Financial Sector (%) 20.600 Dec 2022 quarterly Mar 1999 - Dec 2022
Credit to Households (USD bn) 10,755.950 Dec 2022 quarterly Mar 2006 - Dec 2022
Credit to Private Non-Financial Sector (USD bn) 38,498.592 Dec 2022 quarterly Dec 1985 - Dec 2022
Household Debt (USD mn) 10,914,419.5 May 2023 monthly Jan 2007 - May 2023
Total Loans (USD mn) 32,330,330.412 Jul 2023 monthly Jan 1997 - Jul 2023
Total Loans Growth (%) 5.36 Dec 2023 monthly Jan 1998 - Dec 2023
Private Debt: % of Nominal GDP (%) 193.69 Jun 2023 quarterly Dec 1992 - Jun 2023
Business and Economic Survey Last Frequency Range
Trade Policy Uncertainty Index (Index) 113.607 Jan 2023 monthly Jan 2000 - Jan 2023
Business Confidence Growth (% Point) 0.6 Aug 2023 monthly Jan 2006 - Aug 2023
BCI: Industry: Manufacturing (NA) 124.800 Mar 2022 quarterly Mar 2003 - Mar 2022
Lagging Index (2015=100) 99.353 Feb 2020 monthly Jan 2001 - Feb 2020
Coincident Index (2015=100) 76.044 Feb 2020 monthly Jan 2001 - Feb 2020
Leading Index (2015=100) 92.852 Feb 2020 monthly Jan 2001 - Feb 2020

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