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China

72 series · 1640–2025 · Upper middle income · East Asia & Pacific

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National accounts

VariableCodeCoverageLatest
Nominal GDPMillions of local currencynGDP1840–2025136,700,000 (2025)
Nominal GDP (USD)Millions of US dollarsnGDP_USD1840–202519,025,214 (2025)
Real GDPMillions of local currencyrGDP1661–2025117,700,000 (2025)
Real GDP per capitaConstant local currency per personrGDP_pc1661–202583,908 (2025)
Real GDP (USD)Millions of US dollarsrGDP_USD1890–202518,729,014 (2025)
DeflatorIndex, 2015 = 100deflator1850–2025116.2 (2025)
Real GDP per capita (USD)US dollars per personrGDP_pc_USD1890–202513,350 (2025)

Consumption and investment

VariableCodeCoverageLatest
Total consumptionMillions of local currencycons1952–202476,304,272 (2024)
Total consumption (% of GDP)Percent of GDPcons_GDP1952–202458.0 (2024)
Total consumption (USD)Millions of US dollarscons_USD1952–202410,604,316 (2024)
Household consumptionMillions of local currencyhcons1952–202453,864,608 (2024)
Household consumption (% of GDP)Percent of GDPhcons_GDP1952–202441.0 (2024)
Household consumption (USD)Millions of US dollarshcons_USD1952–20247,485,785 (2024)
Government consumptionMillions of local currencygcons1952–202422,439,660 (2024)
Government consumption (% of GDP)Percent of GDPgcons_GDP1952–202417.1 (2024)
Government consumption (USD)Millions of US dollarsgcons_USD1952–20243,118,531 (2024)
Gross capital formationMillions of local currencyinv1952–202554,796,412 (2025)
Gross capital formation (% of GDP)Percent of GDPinv_GDP1952–202540.1 (2025)
Gross capital formation (USD)Millions of US dollarsinv_USD1952–20257,623,998 (2025)
Gross fixed capital formationMillions of local currencyfinv1952–202453,787,560 (2024)
Gross fixed capital formation (% of GDP)Percent of GDPfinv_GDP1952–202440.9 (2024)
Gross fixed capital formation (USD)Millions of US dollarsfinv_USD1952–20247,475,077 (2024)

External sector

VariableCodeCoverageLatest
ExportsMillions of local currencyexports1830–202529,646,738 (2025)
Exports (% of GDP)Percent of GDPexports_GDP1840–202521.7 (2025)
Exports (USD)Millions of US dollarsexports_USD1830–20254,124,845 (2025)
ImportsMillions of local currencyimports1850–202523,717,376 (2025)
Imports (% of GDP)Percent of GDPimports_GDP1850–202517.3 (2025)
Imports (USD)Millions of US dollarsimports_USD1850–20253,299,874 (2025)
Current accountMillions of local currencyCA1982–20255,154,758 (2025)
Current account (% of GDP)Percent of GDPCA_GDP1982–20253.77 (2025)
USD exchange rateLocal currency per US dollarUSDfx1800–20257.19 (2025)
Real effective exchange rateIndex, 2015 = 100REER1870–202583.9 (2025)
Current account (USD)Millions of US dollarsCA_USD1982–2025717,198 (2025)

Government finances

VariableCodeCoverageLatest
Government expenditureMillions of local currencygovexp1952–202543,362,163 (2025)
General government expenditureMillions of local currencygen_govexp1952–202543,362,163 (2025)
General government expenditure (% of GDP)Percent of GDPgen_govexp_GDP1952–202531.7 (2025)
Government revenueMillions of local currencygovrev1952–202533,163,985 (2025)
General government revenueMillions of local currencygen_govrev1952–202533,163,985 (2025)
Central government revenueMillions of local currencycgovrev2005–202410,470,733 (2024)
General government revenue (% of GDP)Percent of GDPgen_govrev_GDP1952–202524.3 (2025)
Central government revenue (% of GDP)Percent of GDPcgovrev_GDP2005–20247.96 (2024)
Government tax revenueMillions of local currencygovtax1952–202518,476,160 (2025)
General government tax revenueMillions of local currencygen_govtax1952–202518,476,160 (2025)
Central government tax revenueMillions of local currencycgovtax2005–20249,219,417 (2024)
General government tax revenue (% of GDP)Percent of GDPgen_govtax_GDP1952–202513.5 (2025)
Central government tax revenue (% of GDP)Percent of GDPcgovtax_GDP2005–20247.01 (2024)
Government deficit (% of GDP)Percent of GDPgovdef_GDP1982–2025-5.09 (2025)
General government deficit (% of GDP)Percent of GDPgen_govdef_GDP1982–2025-5.09 (2025)
General government deficitMillions of local currencygen_govdef1982–2025-6,958,207 (2025)
Government debt (% of GDP)Percent of GDPgovdebt_GDP1982–202490.4 (2024)
General government debt (% of GDP)Percent of GDPgen_govdebt_GDP1982–202490.4 (2024)
General government debtMillions of local currencygen_govdebt1982–2024118,900,000 (2024)
Central government debt (% of GDP)Percent of GDPcgovdebt_GDP1982–200922.9 (2009)
Central government debtMillions of local currencycgovdebt1982–20097,964,794 (2009)
Government debtMillions of local currencygovdebt1982–2024118,900,000 (2024)
Government deficitMillions of local currencygovdef1982–2025-6,958,207 (2025)
Government expenditure (% of GDP)Percent of GDPgovexp_GDP1952–202531.7 (2025)
Government revenue (% of GDP)Percent of GDPgovrev_GDP1952–202524.3 (2025)
Government tax revenue (% of GDP)Percent of GDPgovtax_GDP1952–202513.5 (2025)

Money and interest rates

VariableCodeCoverageLatest
Short-term interest ratePercentstrate1980–20251.82 (2025)
Long-term interest ratePercentltrate2014–20251.75 (2025)
Central bank policy ratePercentcbrate1990–20253.00 (2025)
M0 (monetary base)Millions of local currencyM01901–202412,819,416 (2024)
M1Millions of local currencyM11952–2025115,500,000 (2025)
M2Millions of local currencyM21952–2024313,500,000 (2024)
M3Millions of local currencyM31999–2025340,300,000 (2025)

Prices and labor markets

VariableCodeCoverageLatest
House price indexIndex, 2015 = 100HPI2005–2025106.3 (2025)
Real house price indexIndex, 2015 = 100rHPI2005–202592.1 (2025)
Consumer price indexIndex, 2015 = 100CPI1640–2025115.4 (2025)
InflationPercentinfl1640–20250 (2025)
PopulationMillions of peoplepop1661–20251,403 (2025)
Unemployment ratePercentunemp1952–20255.10 (2025)

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →