China Retail Sales Growth

1994 - 2023 | Monthly | % | CEIC Data

Key information about China Retail Sales Growth

  • China Retail Sales grew 12.7 % YoY in May 2023, compared with a 18.4 % increase in the previous month.
  • China Retail Sales Growth YoY data is updated monthly, available from Jan 1994 to May 2023, with an average growth rate of 11.9 %.
  • The data reached an all-time high of 41.0 % in Nov 1994 and a record low of -15.8 % in Mar 2020.
  • In the latest reports, Car Sales of China recorded 2,381,614.0 units in May 2023, representing a growth of 27.9 %.

The National Bureau of Statistics provides monthly Retail Sales: Incl. Motor Vehicles Growth.

View China's Retail Sales Growth from Jan 1994 to May 2023 in the chart:

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China Retail Sales Growth
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China Retail Sales Growth

What was China's Retail Sales Growth in May 2023?

China Retail Sales grew 12.7 % YoY in May 2023, compared with a 18.4 % increase in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
12.7 May 2023 18.4 Apr 2023 -15.8 Mar 2020 41.0 Nov 1994 % monthly Jan 1994 - May 2023

Retail Sales Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 4.5 Mar 2023 monthly Jan 2006 - Mar 2023
Argentina (%) -3.3 Dec 2024 monthly Jan 2018 - Dec 2024
Armenia (%) 5.7 Jan 2025 monthly Jan 2001 - Jan 2025
Australia (%) 4.2 May 2023 monthly Apr 1983 - May 2023
Austria (%) 0.8 Dec 2024 monthly Jan 2007 - Dec 2024
Azerbaijan (%) 7.8 Jan 2025 monthly Dec 2007 - Jan 2025
Belarus (%) 12.2 Jan 2025 monthly Oct 2008 - Jan 2025
Belgium (%) -0.0 Jan 2025 monthly Jan 2007 - Jan 2025
Bosnia and Herzegovina (%) 15.4 Apr 2023 monthly Jan 2013 - Apr 2023
Brazil (%) 4.1 Dec 2024 monthly Jan 2001 - Dec 2024
Bulgaria (%) -0.6 Apr 2023 monthly Jan 2001 - Apr 2023
Canada (%) 1.1 Apr 2023 monthly Jan 1992 - Apr 2023
Chile (%) 8.2 Jan 2025 monthly Jan 2015 - Jan 2025
China (%) 12.7 May 2023 monthly Jan 1994 - May 2023
Colombia (%) 5.5 Dec 2024 monthly Jan 2014 - Dec 2024
Croatia (%) 3.3 Apr 2023 monthly Jan 2001 - Apr 2023
Cyprus (%) 2.7 Jan 2025 monthly Jan 2006 - Jan 2025
Czech Republic (%) 2.9 Jan 2025 monthly Jan 2001 - Jan 2025
Denmark (%) 0.4 May 2023 monthly Jan 2001 - May 2023
Egypt (%) 1.4 2020 yearly 1996 - 2020
Estonia (%) -1.3 Sep 2024 quarterly Mar 1996 - Sep 2024
European Union (%) 2.0 Jan 2025 monthly Jan 2000 - Jan 2025
Finland (%) -0.3 Jan 2025 monthly Jan 1996 - Jan 2025
France (%) 1.6 Dec 2024 monthly Jan 1996 - Dec 2024
Georgia (%) 1.1 Dec 2024 quarterly Mar 2010 - Dec 2024
Germany (%) -4.4 Apr 2023 monthly Jan 1995 - Apr 2023
Greece (%) -5.6 Dec 2024 monthly Jan 2001 - Dec 2024
Hong Kong SAR, China (%) 16.6 May 2023 monthly Jan 1982 - May 2023
Hungary (%) 4.2 Jan 2025 monthly Jan 2001 - Jan 2025
Iceland (%) 6.6 Aug 2024 monthly Feb 2002 - Aug 2024
Indonesia (%) 0.0 May 2023 monthly Jan 2011 - May 2023
Ireland (%) -0.1 Jan 2025 monthly Jan 2006 - Jan 2025
Israel (%) -0.2 Jan 2025 monthly Jan 1998 - Jan 2025
Italy (%) 0.8 Jan 2025 monthly Jan 2001 - Jan 2025
Japan (%) 5.2 Apr 2023 monthly Oct 1992 - Apr 2023
Kazakhstan (%) 5.4 May 2023 monthly Jan 2006 - May 2023
South Korea (%) -0.7 Apr 2023 monthly Jan 1996 - Apr 2023
Kyrgyzstan (%) 10.7 2022 yearly 1990 - 2022
Latvia (%) 2.1 Jan 2025 monthly Jan 2001 - Jan 2025
Lithuania (%) 1.5 Jan 2025 monthly Jan 1999 - Jan 2025
Luxembourg (%) 11.4 Jan 2025 monthly Jan 2006 - Jan 2025
Macau SAR, China (%) -9.3 Dec 2024 quarterly Mar 2002 - Dec 2024
North Macedonia (%) -0.2 Jan 2025 monthly Jan 2011 - Jan 2025
Malaysia (%) 12.9 Apr 2023 monthly Jan 2014 - Apr 2023
Malta (%) 4.8 Dec 2024 quarterly Mar 2001 - Dec 2024
Mexico (%) 4.6 Apr 2023 monthly Jan 2002 - Apr 2023
Moldova (%) 10.8 Dec 2024 monthly Jan 2011 - Dec 2024
Mongolia (%) 14.9 Dec 2023 quarterly Mar 2012 - Dec 2023
Montenegro (%) 8.5 Apr 2023 monthly Jan 2007 - Apr 2023
Netherlands (%) -4.2 May 2023 monthly Jan 2001 - May 2023
New Zealand (%) 0.4 Dec 2024 quarterly Sep 1996 - Dec 2024
Norway (%) 2.6 Jan 2025 monthly Jan 1980 - Jan 2025
Palestinian Territory (%) -0.2 2018 yearly 2011 - 2018
Peru (%) 4.8 Aug 2024 monthly Jan 2015 - Aug 2024
Poland (%) -1.8 Apr 2023 monthly Jan 2001 - Apr 2023
Portugal (%) 3.1 May 2023 monthly Jan 2001 - May 2023
Qatar (%) 6.9 2021 yearly 1987 - 2021
Romania (%) 3.2 Jan 2025 monthly Jan 2001 - Jan 2025
Russia (%) 5.4 Jan 2025 monthly Jan 1994 - Jan 2025
Serbia (%) -6.2 May 2023 monthly Dec 2004 - May 2023
Singapore (%) -3.0 Jan 2025 monthly Jan 1986 - Jan 2025
Slovakia (%) 0.8 Jan 2025 monthly Jan 2001 - Jan 2025
Slovenia (%) 3.2 Jan 2025 monthly Jan 2001 - Jan 2025
South Africa (%) 3.2 Dec 2024 monthly Jan 2003 - Dec 2024
Spain (%) 3.1 Dec 2023 monthly Jan 2001 - Dec 2023
Sweden (%) -3.9 May 2023 monthly Jan 1991 - May 2023
Switzerland (%) -3.4 Apr 2023 monthly Jan 2001 - Apr 2023
Taiwan (%) 1.7 Feb 2022 monthly Jan 2000 - Feb 2022
Thailand (%) 0.5 Mar 2023 monthly Jan 1996 - Mar 2023
Turkey (%) 11.2 Dec 2023 monthly Jan 2011 - Dec 2023
Ukraine (%) -3.1 Dec 2022 monthly Jan 2008 - Dec 2022
United Kingdom (%) -2.1 May 2023 monthly Jan 1997 - May 2023
United States (%) 1.0 May 2023 monthly Jan 1993 - May 2023
Uzbekistan (%) -4.0 Apr 2023 monthly Jan 2019 - Apr 2023
Venezuela (%) -53.5 Jan 2019 monthly Jan 2005 - Jan 2019
Vietnam (%) 8.7 Feb 2025 monthly Sep 2004 - Feb 2025

China Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.8 Dec 2024 quarterly Dec 1995 - Dec 2024
Consolidated Fiscal Balance (USD mn) -259,137.171 Dec 2024 monthly Jan 1995 - Dec 2024
Tax Revenue (USD mn) 179,241.007 Dec 2024 monthly Jan 1995 - Dec 2024
Tax Revenue: % of GDP (%) 11.6 Dec 2024 quarterly Mar 1995 - Dec 2024
National Government Debt (USD mn) 4,229,996.2 2023 yearly 2005 - 2023
Government Debt: % of GDP (%) 25.6 Dec 2024 quarterly Mar 2014 - 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
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.732 2028 yearly 1998 - 2028
Export to Import Ratio (%) 133.003 Dec 2023 monthly Jan 1992 - Dec 2023
Trade Balance (USD mn) 104,837.9 Dec 2024 monthly Jan 1992 - Dec 2024
Total Exports (USD mn) 335,627.0 Dec 2024 monthly Jan 1992 - Dec 2024
Total Exports Growth (%) 28.1 Oct 2021 monthly May 2009 - Oct 2021
Aluminum: Exports (USD th) 19,159,160.685 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 7,006,309.538 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 13,286,370.314 2023 yearly 1995 - 2023
Total Imports (USD mn) 230,789.1 Dec 2024 monthly Jan 1992 - Dec 2024
Total Imports Growth (%) 20.8 Oct 2021 monthly May 2009 - Oct 2021
Imports: Medicament (USD th) 25,468,699.106 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 18,503,454.435 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 48,829.728 Dec 2024 monthly Jan 1981 - Dec 2024
Total Imports from USA (USD mn) 15,325.825 Dec 2024 monthly Jan 1981 - Dec 2024
Trade Index: Export: Quantum (Prev Year=100) 117.281 Dec 2024 monthly Jan 2005 - Dec 2024
Trade Index: Export: Unit Value (Prev Year=100) 94.566 Dec 2024 monthly Jan 2005 - Dec 2024
Trade Index: Export: Value (Prev Year=100) 110.909 Dec 2024 monthly Jan 2005 - Dec 2024
Trade Index: Import: Quantum (Prev Year=100) 104.043 Dec 2024 monthly Jan 2005 - Dec 2024
Trade Index: Import: Unit Value (Prev Year=100) 97.330 Dec 2024 monthly Jan 2005 - Dec 2024
Trade Index: Import: Value (Prev Year=100) 101.266 Dec 2024 monthly Jan 2005 - Dec 2024
Automobile: Exports: Total (USD mn) 20,065.354 Dec 2024 monthly Jan 2003 - Dec 2024
Automobile: Exports: MC: Bus (USD mn) 2,860.208 Dec 2024 monthly Jan 2003 - Dec 2024
Automobile: Exports: MC: Sedan (USD mn) 1,759.198 Dec 2024 monthly Jan 2003 - Dec 2024
Automobile: Exports: Motorcycle (USD mn) 884.917 Dec 2024 monthly Mar 2003 - Dec 2024
Automobile: Imports: Total (USD mn) 5,199.033 Dec 2024 monthly Jan 2003 - Dec 2024
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) 40.726 Nov 2024 monthly Jan 2002 - Nov 2024
CN: Steel: Import: Steel Product: Sheet & Plate (Ton th) 393.739 Nov 2024 monthly Jan 2002 - Nov 2024
Export Value Index (2015=100) 147.961 2021 yearly 1980 - 2021
Import Value Index (2015=100) 160.079 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 34,468.2 Sep 2024 quarterly Mar 1998 - Sep 2024
Current Account Balance (USD mn) 147,580.2 Sep 2024 quarterly Mar 1998 - Sep 2024
Current Account Balance: % of GDP (%) 3.1 Sep 2024 quarterly Mar 1998 - Sep 2024
Foreign Direct Investment (USD mn) -8,306.0 Sep 2024 quarterly Mar 1998 - Sep 2024
Foreign Direct Investment: % of GDP (%) -0.2 Sep 2024 quarterly Mar 1998 - Sep 2024
Foreign Portfolio Investment (USD mn) 23,982.068 Sep 2024 quarterly Mar 1998 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 0.5 Sep 2024 quarterly Mar 1998 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 8,121.8 Sep 2024 quarterly Mar 1998 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 15,860.253 Sep 2024 quarterly Mar 1998 - Sep 2024
External Debt (USD mn) 2,516,921.4 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: % of GDP (%) 13.4 2023 yearly 1985 - 2023
External Debt: Short Term (USD mn) 1,423,200.0 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Short Term: % of GDP (%) 7.5 2023 yearly 1985 - 2023
Forecast: Current Account Balance (USD bn) 285.473 2029 yearly 1997 - 2029
Net International Investment Position (USD mn) 3,181,703.188 Sep 2024 quarterly Mar 2011 - Sep 2024
BoP: CA: Secondary Income: Debit (USD mn) -5,800.000 Dec 2024 quarterly Mar 1998 - Dec 2024
BoP: Capital Account: Credit (USD mn) 100.000 Dec 2024 quarterly Mar 1998 - Dec 2024
BoP: CA: Goods (USD mn) 249,600.000 Dec 2024 quarterly Mar 1998 - Dec 2024
BoP: Capital Account (USD mn) 7.717 Sep 2024 quarterly Mar 1998 - Sep 2024
BoP: Current Account (CA) (USD mn) 147,580.192 Sep 2024 quarterly Mar 1998 - Sep 2024
BoP: FA: Reserve Asset (USD mn) 30,400.000 Dec 2024 quarterly Mar 1998 - Dec 2024
BoP: Capital Account: Debit (USD mn) -28.181 Sep 2024 quarterly Mar 1998 - Sep 2024
BoP: CA: Services: Debit (USD mn) -157,279.489 Sep 2024 quarterly Mar 1998 - Sep 2024
BoP: CA: Credit (USD mn) 1,087,326.412 Sep 2024 quarterly Mar 1998 - Sep 2024
BoP: CA: Services (USD mn) -47,300.000 Dec 2024 quarterly Mar 1998 - Dec 2024
BoP: CA: Primary Income: Credit (USD mn) 80,700.000 Dec 2024 quarterly Mar 1998 - Dec 2024
BoP: CA: Debit (USD mn) -954,300.000 Dec 2024 quarterly Mar 1998 - Dec 2024
BoP: FA: Non-reserve: Asset (USD mn) -127,929.257 Sep 2024 quarterly Mar 1998 - Sep 2024
BoP: CA: Goods: Export (USD mn) 936,400.000 Dec 2024 quarterly Mar 1998 - Dec 2024
BoP: CA: Secondary Income (USD mn) 4,600.000 Dec 2024 quarterly Mar 1998 - Dec 2024
BoP: CA: Primary Income (USD mn) -26,300.000 Dec 2024 quarterly Mar 1998 - Dec 2024
BoP: FA: Non-reserve (USD mn) -211,100.000 Dec 2024 quarterly Mar 1998 - Dec 2024
BoP: CA: Primary Income: Debit (USD mn) -107,000.000 Dec 2024 quarterly Mar 1998 - Dec 2024
BoP: Financial Account (FA) (USD mn) -180,700.000 Dec 2024 quarterly Mar 1998 - Dec 2024
BoP: FA: Asset (USD mn) -100,484.457 Sep 2024 quarterly Mar 1998 - Sep 2024
BoP: CA: Goods: Import (USD mn) -686,800.000 Dec 2024 quarterly Mar 1998 - Dec 2024
BoP: FA: Non-reserve: Liability (USD mn) -37,649.427 Sep 2024 quarterly Mar 1998 - Sep 2024
BoP: Net Errors and Omissions (USD mn) -9,454.024 Sep 2024 quarterly Mar 1998 - Sep 2024
BoP: CA: Services: Credit (USD mn) 98,704.970 Sep 2024 quarterly Mar 1998 - Sep 2024
BoP: CA: Secondary Income: Credit (USD mn) 9,909.203 Sep 2024 quarterly Mar 1998 - Sep 2024
BoP: FA: Liability (USD mn) -37,649.427 Sep 2024 quarterly Mar 1998 - Sep 2024
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 Investment: Asia: Singapore (USD mn) 13,097.140 2023 yearly 2003 - 2023
Outward Investment: Latin America: British Virgin Islands (USD mn) 2,546.100 2023 yearly 2003 - 2023
Outward Investment: Latin America: Cayman Islands (USD mn) 8,730.840 2023 yearly 2003 - 2023
Outward Investment: Leasing and Commercial Service (USD mn) 54,166.190 2023 yearly 2003 - 2023
Outward Investment: Information Transmission, Software and Information Technolog... (USD mn) 2,281.350 2023 yearly 2003 - 2023
Outward Investment: Manufacturing (USD mn) 27,342.250 2023 yearly 2003 - 2023
Outward Investment: Financial Intermediation (USD mn) 18,218.520 2023 yearly 2006 - 2023
Outward Investment: Wholesale and Retail Trade (USD mn) 38,822.620 2023 yearly 2003 - 2023
Outward Investment: Hong Kong (USD mn) 108,767.000 2023 yearly 2003 - 2023
Outward Investment: United States (USD mn) 6,912.930 2023 yearly 2003 - 2023
Industrial Enterprise: No of Loss Making Enterprise (Unit) 116,428.000 Dec 2024 monthly Jan 1995 - Dec 2024
No of Business Entity: New Registration: ytd: Company (Unit mn) 9.040 Dec 2021 monthly Dec 2008 - Dec 2021
QFII: Approved Investment Fund: accumulated (USD mn) 116,259.000 May 2020 monthly Jun 2003 - May 2020
QFII: No of Institution: accumulated (Unit) 281.000 Apr 2015 monthly May 2003 - Apr 2015
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.5 Dec 2024 quarterly Mar 2005 - Dec 2024
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) 8,987,773.598 Sep 2024 monthly Jan 1997 - Sep 2024
Money Supply M2 (USD mn) 44,045,770.634 Sep 2024 monthly Jan 1997 - Sep 2024
M2 Growth (%) 7.0 Jan 2025 monthly Mar 1997 - Jan 2025
Reserve Requirement Ratio (%) 6.6 Feb 2025 monthly Jan 1985 - Feb 2025
Foreign Exchange Reserves (USD mn) 3,227,224.0 Feb 2025 monthly Jan 1989 - Feb 2025
Foreign Exchange Reserves: Months of Import (NA) 13.9 Dec 2024 monthly Jan 2000 - Dec 2024
Gold Reserves (USD mn) 208,643.000 Feb 2025 monthly Dec 1977 - Feb 2025
Total Deposits (USD mn) 42,328,470.216 Jan 2025 monthly Jan 1997 - Jan 2025
Total Deposits Growth (%) 5.8 Jan 2025 monthly Jan 1998 - Jan 2025
Domestic Credit (USD mn) 49,338,057.9 Jan 2025 monthly Jun 1999 - Jan 2025
Domestic Credit Growth (%) 7.9 Jan 2025 monthly Jun 2000 - Jan 2025
Debt Service Ratio: Private Non-Financial Sector (%) 18.600 Sep 2024 quarterly Mar 1999 - Sep 2024
Credit to Households (USD bn) 11,432.611 Sep 2024 quarterly Mar 2006 - Sep 2024
Credit to Private Non-Financial Sector (USD bn) 37,925.549 Sep 2024 quarterly Dec 1985 - Sep 2024
Household Debt (USD mn) 11,498,380.6 Jan 2025 monthly Jan 2007 - Jan 2025
Total Loans (USD mn) 36,006,888.100 Jan 2025 monthly Jan 1997 - Jan 2025
Total Loans Growth (%) 7.53 Jan 2025 monthly Jan 1998 - Jan 2025
Private Debt: % of Nominal GDP (%) 194.17 Dec 2024 quarterly Dec 1992 - Dec 2024
Business and Economic Survey Last Frequency Range
Trade Policy Uncertainty Index (Index) 343.008 Feb 2025 monthly Jan 2000 - Feb 2025
Business Confidence Growth (% Point) 2.2 Feb 2025 monthly Jan 2006 - Feb 2025
BCI: Industry: Manufacturing (NA) 114.800 Dec 2024 quarterly Mar 2003 - Dec 2024
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
5000 Indu Enterprises: DI: General Business Condition (%) 49.000 Sep 2024 quarterly Jun 1992 - Sep 2024

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