Historical GDP of the People's Republic of China

This article includes a list of China's historical gross domestic product (GDP) values, the market value of all final goods and services produced by a nation in a given year. The GDP dollar estimates presented here are calculated at market or government official exchange rates (nominal) and derived from purchasing power parity (PPP) calculations. This article also includes historical GDP growth.

In 1985, the State Council of China (SCC) approved to establish a SNA (System of National Accounting), use the GDP to measure the national economy. China started the study of theoretical foundation, guiding, and accounting model etc., for establishing a new system of national economic accounting. In 1986, as the first citizen of the People's Republic of China to receive a Ph.D. in economics from an overseas country, Dr. Fengbo Zhang headed Chinese Macroeconomic Research - the key research project of the seventh Five-Year Plan of China, as well as completing and publishing the China GDP data by China's own research. The summary of the above has been included in the book "Chinese Macroeconomic Structure and Policy" (June 1988) edited by Fengbo Zhang, and collectively authored by the Research Center of the SCC. This is the first GDP data which was published by China.

The research utilized the World Bank’s method as a reference, and made the numerous appropriate adjustments based on China’s national condition. The GDP also has been converted to USD based data by utilizing the moving average exchange rate. The research systematically completed China’s GDP and GDP per capita from 1952 to 1986 and analyzed growth rate, the change and contribution rates of each component. The research also included international comparisons. Additionally, the research compared MPS and SNA, looking at the results from the two systems from analyzing Chinese economy. This achievement created the foundation for China GDP research.

The SCC issued “The notice regarding implementation of System of National Accounting” in August 1992, the Western SNA system officially is introduced to China, replaced Soviet Union's MPS system, Western economic indicator GDP became China’s most important economic indicator. Based on Dr. Fengbo Zhang's research, in 1997, the National Bureau of Statistics of China (NBS), in collaboration with Hitotsubashi University of Japan, re-estimated China’s GDP Data from 1952 up to 1995 based on the SNA principal.

When comparing Fengbo Zhang’s GDP measurement in the 1980s and the GDP in 1997 by the NBS and Japan’s cooperative research, the two are found to be very consistent; the deviation rate each year is very slight, between only 0.1% and 7%. During this period, there were many data adjustments, with weighting factors undergoing significant changes along with each years comparable price amendments, statistical method significant changes result in the substantial deviation. Even with science and technology as advanced as it is today, the single item survey is allowed at least ±3%, or a total of 6% deviation. Despite the extremely difficult conditions of a destroyed economy, blank theory, a lack of data, and simple methods in 1980s, there is so little deviation for such a long period of time and the comprehensiveness of the national economic indicator, indicates that the research conducted by Fengbo Zhang with the support of the extensive group he trained is extremely rigorous, and their result very precise. (www.people.com.cn).

Contents 1 Current status 2 China NBS figures 3 United Nations figures 4 World bank WDI 5 IMF figures 6 References 7 See also

Current status

As of 2010, China's nominal GDP is worth approximately 40.1 trillion Chinese yuan or 5.93 trillion US dollars, according to China NBS.

China's GDP surpassed that of Italy in 2000, France in 2005, the United Kingdom in 2006 and that of Germany in 2007, before overtaking Japan in 2010, making China the world's second largest economy after the United States.

From 1979 until 2010, China's average annual GDP growth was 9.91%, reaching an historical high of 15.2% in 1984 and a record low of 3.8% in 1990. Based on the current price, the country's average annual GDP growth in these 32 years was 15.8%, reaching an historical high of 36.41% in 1994 and a record low of 6.25% in 1999.

China NBS figures

China's Historical GDP figures of NBS [2]
year	GDP (in millions)			GDP per capita
	CNY	USD	growth rate(%)	CNY	USD	growth rate(%)
2010	40,120,200	5,926,612	10.4	29,992	4,430	9.9
2009	34,090,281	4,990,526	9.2	25,605	3,748	8.6
2008	31,404,543	4,521,827	9.6	23,708	3,414	9.1
2007	26,581,031	3,495,664	14.2	20,169	2,652	13.6
2006	21,631,443	2,713,495	12.7	16,500	2,070	12.0
2005	18,493,737	2,257,619	11.3	14,185	1,732	10.7
2004	15,987,834	1,931,644	10.1	12,336	1,490	9.4
2003	13,582,276	1,640,966	10.0	10,542	1,274	9.3
2002	12,033,269	1,453,820	9.1	9,398	1,135	8.4
2001	10,965,517	1,324,818	8.3	8,622	1,042	7.5
2000	9,921,455	1,198,475	8.4	7,858	949	7.6
1999	8,967,705	1,083,279	7.6	7,159	865	6.7
1998	8,440,228	1,019,462	7.8	6,796	821	6.8
1997	7,897,304	952,653	9.3	6,420	774	8.2
1996	7,117,659	856,085	10.0	5,846	703	8.9
1995	6,079,373	727,981	10.9	5,046	604	9.7
1994	4,819,786	559,224	13.1	4,044	469	11.8
1993	3,533,392	613,223	14.0	2,998	520	12.7
1992	2,692,348	488,222	14.2	2,311	419	12.8
1991	2,178,150	409,173	9.2	1,893	356	7.7
1990	1,866,782	390,279	3.8	1,644	344	2.3
1989	1,699,232	451,311	4.1	1,519	403	2.5
1988	1,504,282	404,149	11.3	1,366	367	9.5
1987	1,205,862	323,973	11.6	1,112	299	9.8
1986	1,027,518	297,590	8.8	963	279	7.2
1985	901,604	307,023	13.5	858	292	11.9
1984	720,805	309,757	15.2	695	299	13.7
1983	596,265	301,799	10.9	583	295	9.3
1982	532,335	281,287	9.1	528	279	7.5
1981	489,156	286,895	5.2	492	289	3.9
1980	454,562	303,446	7.8	463	309	6.5
1979	406,258	261,259	7.6	419	270	6.1
1978	364,522	216,462	11.7	381	226	10.2
1977	322,105	173,361	7.6	341	184	6.2
1976	296,147	152,575	-1.6	318	164	-3.1
1975	301,311	162,082	8.7	329	177	6.8
1974	280,374	142,975	2.3	311	159	0.2
1973	273,335	137,424	7.9	310	156	5.4
1972	253,022	112,705	3.8	294	131	1.2
1971	243,526	98,914	7.1	290	118	4.1
1970	226,132		19.4	276		16.1
1969	194,578		16.9	244		13.7
1968	173,016		-4.1	223		-6.6
1967	178,028		-5.7	236		-8.1
1966	187,308		10.7	255		7.7
1965	171,720		17.0	240		14.3
1964	145,554		18.3	208		15.5
1963	123,637		10.2	181		7.5
1962	115,124		-5.6	173		-6.4
1961	122,094		-27.3	185		-26.6
1960	145,747		-0.3	218		-0.5
1959	144,036		8.8	216		6.7
1958	130,821		21.3	200		18.3
1957	106,929		5.1	168		2.4
1956	102,898		15.0	166		12.7
1955	91,078		6.8	150		4.5
1954	85,938		4.2	144		1.8
1953	82,419		15.6	142		13.1
1952	67,900			119

United Nations figures

Comparison of China's historical GDP Perra rankings in the world by year （United Nations figures, in millions）[3]
year	China GDP			comparable country
				former rank			later rank
	GDP(CNY)	GDP(USD)	rank	country	GDP(USD)	rank	country	GDP(USD)	rank
2010	38,857,000	5,739,358	2	United States	14,447,100	1	Japan	5,458,873	3
2009	34,502,360	5,050,543	2	United States	13,863,600	1	Japan	5,032,983	3
2008	31,490,130	4,531,831	3	Japan	4,879,838	2	Germany	3,623,688	4
2007	26,583,390	3,494,351	3	Japan	4,377,961	2	Germany	3,323,809	4
2006	22,224,000	2,787,254	4	Germany	2,902,749	3	United Kingdom	2,444,580	5
2005	18,869,210	2,302,719	4	Germany	2,788,390	3	United Kingdom	2,280,112	5
2004	16,028,040	1,936,502	6	France	2,061,412	5	Italy	1,727,825	7
2003	13,639,880	1,647,918	6	France	1,799,946	5	Italy	1,507,113	7
2002	12,035,030	1,454,040	6	France	1,457,393	5	Italy	1,218,977	7
2001	10,897,240	1,316,558	6	France	1,339,751	5	Italy	1,117,348	7
2000	9,874,900	1,192,836	6	France	1,327,963	5	Italy	1,097,343	7
1999	9,112,500	1,100,776	7	Italy	1,200,787	6	Canada	661,251	8
1998	8,653,160	1,045,199	7	Italy	1,217,119	6	Brazil	843,828	8
1997	8,165,850	985,046	7	Italy	1,192,354	6	Brazil	871,201	8
1996	7,416,360	892,014	7	United Kingdom	1,219,621	6	Spain	839,684	8
1995	6,321,690	756,960	8	Brazil	768,951	7	Spain	596,754	9
1994	5,021,740	582,653	7	Italy	1,053,977	6	Brazil	573,703	8
1993	3,693,810	641,069	7	United Kingdom	981,162	6	Canada	563,676	8
1992	2,756,520	499,859	9	Canada	579,520	8	Russia	398,631	10
1991	2,257,740	424,117	10	Russia	560,377	9	Brazil	374,154	11
1990	1,934,780	404,494	10	Spain	520,938	9	Brazil	402,137	11
1989	1,731,130	459,782	9	Canada	555,517	8	Spain	402,726	10
1988	1,538,860	413,439	9	Canada	498,164	8	Spain	365,231	10
1987	1,227,740	329,851	9	Canada	421,533	8	Spain	309,478	10
1986	1,050,850	304,348	9	Canada	368,867	8	India	248,120	10
1985	907,670	309,083	9	Canada	355,708	8	India	226,460	10
1984	736,270	317,352	9	Canada	347,150	8	India	217,467	10
1983	621,620	314,637	9	Canada	333,804	8	India	219,555	10
1982	559,000	295,370	9	Canada	307,894	8	Brazil	238,784	10
1981	500,880	293,852	9	Canada	300,666	8	Mexico	292,179	10
1980	459,290	306,520	8	Italy	459,811	7	Canada	268,889	9
1979	409,260	263,190	8	Italy	379,299	7	Canada	238,664	9
1978	360,560	214,160	9	Canada	214,677	8	Brazil	168,803	10
1977	320,190	172,347	9	Canada	207,789	8	Brazil	148,672	10
1976	294,370	151,628	9	Canada	202,829	8	Brazil	127,741	10
1975	299,730	161,162	9	Canada	170,692	8	Spain	111,435	10
1974	278,990	142,255	9	Canada	157,498	8	Australia	103,756	10
1973	272,090	136,769	8	Italy	169,088	7	Canada	128,945	9
1972	251,810	112,161	8	Italy	139,953	7	Canada	111,031	9
1971	242,640	98,562	8	Italy	120,124	7	Canada	97,475	9
1970	225,270	91,506	8	Italy	109,260	7	Canada	86,303	9

World bank WDI

Comparison of China's historical GDP rankings in the world by year （World Bank WDI figures, in millions）[4]）
year	China GDP		comparable country
			former rank			later rank
	GDP	rank	country	GDP	rank	country	GDP	rank
2010	5,878,629	2	United States	14,582,400	1	Japan	5,497,813	3
2009	4,985,461	3	Japan	5,068,996	2	Germany	3,330,032	4
2008	4,521,827	3	Japan	4,886,966	2	Germany	3,634,526	4
2007	3,494,056	3	Japan	4,377,944	2	Germany	3,329,145	4
2006	2,712,951	4	Germany	2,918,555	3	United Kingdom	2,439,424	5
2005	2,256,903	5	United Kingdom	2,280,114	4	France	2,146,530	6
2004	1,931,644	6	France	2,061,412	5	Italy	1,727,825	7
2003	1,640,959	6	France	1,800,016	5	Italy	1,507,171	7
2002	1,453,828	6	France	1,457,326	5	Italy	1,218,921	7
2001	1,324,805	6	France	1,339,763	5	Italy	1,117,358	7
2000	1,198,480	6	France	1,327,964	5	Italy	1,097,344	7
1999	1,083,278	7	Italy	1,200,822	6	Canada	661,265	8
1998	1,019,459	7	Italy	1,217,087	6	Brazil	843,827	8
1997	952,653	7	Italy	1,192,322	6	Brazil	871,200	8
1996	856,085	7	United Kingdom	1,219,541	6	Brazil	839,683	8
1995	728,007	8	Brazil	768,951	7	Spain	596,751	9
1994	559,225	8	Canada	564,494	7	Brazil	546,233	9
1993	440,501	9	Spain	509,819	7	Brazil	438,300	10
1992	422,661	10	Russia	460,205	9	Brazil	390,567	11
1991	379,469	11	Brazil	407,338	10	Australia	329,965	12
1990	356,937	11	Brazil	461,952	10	India	317,467	12
1989	343,974	11	Spain	402,706	10	Australia	301,853	12
1988	309,523	10	Brazil	330,397	9	India	293,150	11
1987	270,372	11	India	276,004	10	Netherlands	226,988	12
1986	297,832	8	Canada	368,867	7	Brazil	268,137	9
1985	306,667	8	Canada	355,704	7	India	229,941	9
1984	257,432	8	Canada	347,141	7	India	209,670	9
1983	228,456	8	Canada	333,809	7	India	215,169	9
1982	203,183	9	Brazil	281,682	8	India	197,661	10
1981	194,111	11	Spain	196,915	10	India	190,454	12
1980	189,400	11	Mexico	194,357	10	India	183,799	12
1979	176,635	10	Spain	208,366	9	Netherlands	166,429	11
1978	148,179	10	Spain	155,933	9	Netherlands	145,330	11
1977	172,349	9	Brazil	176,171	8	Spain	128,601	10
1976	151,628	9	Brazil	152,678	8	Spain	115,064	10
1975	161,162	8	Canada	170,685	7	Brazil	123,709	9
1974	142,255	8	Canada	157,503	7	Brazil	105,136	9
1973	136,770	7	Italy	169,084	6	Canada	128,943	8
1972	112,160	7	Italy	139,956	6	Canada	111,034	8
1971	98,562	7	Italy	120,120	6	Canada	97,474	8
1970	91,506	7	Japan	109,255	6	Italy	86,304	8
1969	78,719	6	Italy	97,085	5	Canada	77,888	7
1968	69,993	7	Canada	70,759	6	India	52,432	8
1967	72,057	6	Italy	81,133	5	Canada	64,769	7
1966	75,879	5	Japan	105,628	4	Italy	73,655	6
1965	69,709	5	Japan	90,950	4	Italy	67,978	6
1964	58,613	6	Italy	63,175	5	India	55,871	7
1963	50,280	6	Italy	57,711	5	India	47,880	7
1962	46,464	6	Italy	50,384	5	Canada	41,979	7
1961	50,101	5	Japan	53,509	4	Italy	44,843	6
1960	61,378	4	France	62,651	3	Japan	44,307	5

IMF figures

Comparison of China's historical GDP rankings in the world by year (in millions, IMF figures[5])
year	China GDP			comparable country
				former rank			later rank
	GDP(CNY)	GDP(USD)	rank	country	GDP(USD)	rank	country	GDP(USD)	rank
2010	39,845,830	5,885,130	2	United States	14,624.18	1	Japan	5,390,900	3
2009	34,050,700	4,984,730	3	Japan	5,068.89	2	Germany	3,338,680	4
2008	31,404,540	4,519,950	3	Japan	4,886.95	2	Germany	3,651,620	4
2007	26,581,030	3,494,240	3	Japan	4,377.96	2	Germany	3,333,930	4
2006	21,631,440	2,712,920	4	Germany	2,921.27	3	United Kingdom	2,447,680	5
2005	18,493,740	2,256,920	5	United Kingdom	2,282.89	4	France	2,147,770	6
2004	15,987,830	1,931,650	6	France	2,060.58	5	Italy	1,730,100	7
2003	13,582,280	1,640,960	6	France	1,804.41	5	Italy	1,510,060	7
2002	12,033,270	1,453,830	6	France	1,463.46	5	Italy	1,223,240	7
2001	10,965,520	1,324,810	6	France	1,341.25	5	Italy	1,118,320	7
2000	9,921,460	1,198,480	6	France	1,333.28	5	Italy	1,100,560	7
1999	8,967,710	1,083,280	7	Italy	1,202.40	6	Canada	661,251	8
1998	8,440,230	1,019,480	7	Italy	1,218.67	6	Brazil	841,296	8
1997	7,897,300	952,649	7	Italy	1,193.62	6	Brazil	871,524	8
1996	7,117,660	856,084	7	United Kingdom	1,220.85	6	Brazil	840,052	8
1995	6,079,370	727,947	8	Brazil	769.741	7	Spain	597,278	9
1994	4,819,790	559,224	9	Canada	564.478	8	Spain	516,718	10
1993	3,533,390	613,223	7	United Kingdom	982.615	6	Canada	563,676	8
1992	2,692,350	488,222	9	Canada	579.52	8	Brazil	426,519	10
1991	2,178,150	409,165	10	Brazil	445.242	9	Mexico	338,742	11
1990	1,866,780	390,279	10	Brazil	507.784	9	Australia	328,199	11
1989	1,699,230	451,311	9	Brazil	490.051	8	Spain	401,389	10
1988	1,504,280	404,149	8	Canada	498.164	7	Spain	363,913	9
1987	1,205,860	323,973	8	Canada	421.533	7	Brazil	319,545	9
1986	1,027,520	297,590	8	Canada	368.867	7	Brazil	293,580	9
1985	901,604	307,017	8	Canada	355.708	7	Brazil	253,078	9
1984	720,805	310,686	8	Canada	347.15	7	India	221,783	9
1983	596,265	301,803	8	Canada	333.804	7	India	220,789	9
1982	532,335	281,280	8	Canada	307.894	7	Mexico	207,326	9
1981	286,982	168,367	13	Brazil	186.886	12	Netherlands	149,508	14
1980	303,364	202,458	10	Mexico	222.436	9	India	182,472	11

References

See also

• Economic history of the People's Republic of China
• Economy of the People's Republic of China

Economy of the People's Republic of China Companies of China History History · Reform · Five-Year Plans · Industrial Revolution · Iron rice bowl · Three-anti/five-anti campaigns · Great Leap Forward · Four Modernizations · Socialist market economy · Scientific Development Concept · Go Out policy · Historical GDP Industry and business Industry (history) · Beer · Biotechnology · Advanced materials · Automotive · Aviation · Aircraft · Aerospace · Mobile phone industry · Cement · Container transpo · Cotton · Electric motor · Electric power · Electronics · Film industry · Fishing · Internet · Online gaming · Video gaming · Made in China · Media · Mining (Gold mining) · Pharmaceuticals & Pharmacy · Publishing & Academic publishing  · Sex toys · Silk · Software · Telecommunications · Television (Digital) & Radio · Railway (Equipment) · Real estate · Wine · Companies (Largest · The Hongs  · National Innovative Enterprises) · Youth Business China Development Zones Suzhou Industrial Park · Dalian Software Park · Zhangjiang Hi-Tech Park · Metropolitan regions of China Energy Energy policy · Coal · Oil (Oil shale · Oil refineries) · Nuclear · Renewable (Wind · Solar · Geothermal) Trade and infrastructure Trade history · World Trade Center · Transport · Communications · Postal history · Tourism · Shipping · Illegal drug trade · Hong Kong Trade Development Council  · Ports · Water supply and sanitation · Trading partners Taxation and labor Tax system · State Administration of Taxation · Labor contract law · Labor relations Finance and banking Financial system · Financial services · Chinese currency · Chinese yuan · Renminbi · China Banknote Printing and Minting Corporation · Banking (History · Central bank · Other banks) · Foreign exchange reserve · Beijing Financial Street · Stock Exchange Executive Council · Shanghai Stock Exchange (SSE Composite) · Shenzhen Stock Exchange · Dalian Commodity Exchange · Shanghai Metal Exchange · Zhengzhou Commodity Exchange · Hedge fund industry · Accounting in China Institutions National Development and Reform Commission · Ministry of Finance · Ministry of Commerce · Ministry of Industry and Information Technology · SASAC · State Administration for Industry and Commerce · All-China Federation of Trade Unions · China Council for the Promotion of International Trade · General Administration of Customs · China Banking Regulatory Commission · China Securities Regulatory Commission · China Insurance Regulatory Commission · State Administration of Foreign Exchange · All-China Federation of Industry and Commerce · CITIC Group · China Investment Corporation · National Energy Commission Development International rankings · Special Economic Zones · Social welfare · Poverty · Corruption · Standard of living · Foreign aid · Urbanization · Internal migration · Emigration · Science and technology · Food safety · Intellectual property · Rural credit cooperative Regional economic strategies Pearl River Delta Economic Zone  · Bohai Economic Rim  · China Western Development  · Rise of Central China Plan · Northeast China Revitalization  · Western Taiwan Straits Economic Zone · Yangtze River Delta Economic Zone · Beibu Gulf Economic Rim · Central Plains Economic Zone Events 2007 Correction · 2007 export / pet food recalls · Protein export contamination · 2007 Slave scandal · 2008–2009 economic stimulus plan · Expo 2010 · Chinese property bubble Related topics Agriculture · Demographics · Globalization  · Globalization and women in China · Statistics · National Standards · China Compulsory Certificate · Closer Economic Partnership Arrangements (Hong Kong · Macau) · Chinese people by net worth · Chinese economists See also: Category · List of China-related topics · Economy of East Asia

People's Republic of China topics   History China timeline Republic of China People's Republic of China 1949–1976 1976–1989 1989–2002 since 2002 Years in the People's Republic of China   Geography Natural environment Overviews Geography and climate Geology Environment Regions East Northeast North Western Northwest Southwest South Central Terrain Bays Canyons Caves Deserts Grasslands Hills Islands Mountains ranges passes Peninsulas Northeast / North / Central Plains Valleys Volcanoes Water Canals Lakes Rivers Waterfalls Wetlands Water resources Seas Bohai Sea Yellow Sea East China Sea South China Sea Reserves Nature reserves Protected areas Biosphere reserves National parks Wildlife Fauna Flora   Government Politics Economy Government and politics Constitution National People's Congress President Vice President State Council Premier Vice Premier Civil service Military (People's Liberation Army) Political parties Communist Party Elections Education universities National security Foreign relations Public health Food safety incidents Social welfare Water supply and sanitation Administrative divisions Province level subdivisions Cities Baseline islands Border crossings Law Law enforcement Courts Penal system Nationality Law Economy History Historical GDP Reform Finance Banking Central bank Currency Agriculture Energy Technological and industrial history Science and technology Transport Ports and harbors Communications Special Economic Zones (SEZs) Foreign aid Standard of living Poverty   People Culture People Demographics Ethnic groups Languages Religion Internal migration Urbanization Emigration Human rights Statistics Society Ant tribe Corruption Crime Guanxi Urban life Rural life Harmonious society Xiaokang Women Sexuality Social issues Social relations Social structure Generation Y Intellectualism Culture Art Cinema Cuisine Literature Media Newspapers Music Philosophy Tourism Sports Martial arts Variety arts Tea culture Smoking Television Public holidays World Heritage Sites Archaeology Parks Gardens Libraries Archives   Other topics National flag / emblem / anthem Extreme points Natural disasters Terrorism Time zones International rankings Category Portal WikiProject

Economic history of China Economic history of China (pre-1911) Economy of the Han Dynasty · Economy of the Song Dynasty · Economy of the Ming Dynasty Economic history of Modern China People's Republic of China · Industralization  · Economic Reform · Technological and industrial history · Economy of Taiwan