Gross Domestic Product of China
GDP of China is $15.66 trillion for the year 2020. While it was $14.28 Trillion at the current US dollar in 2019. It was $13.89 Trillion in 2018. It means the gross domestic product of China is showing an upward trend over time. The country is rapidly growing with a growth rate of 6.1% annually. It is the world’s most populous country, with a population of around 1.4 billion. China covers an area of approximately 9.6 million square kilometers, it is the world’s third or fourth-largest country. GDP per capita of China is $10,261 for the year 2019.
Gross Domestic Product (GDP) is the total value of all the finished goods and services produced in China during a specific period of time, usually one year. The value of the goods and services produced in China is the gross domestic product. The percentage that Gross Domestic Product grew (or shrank) from one period to another is an important way for the Chinese to gauge how their economy is doing.
Bureau of Economic Analysis defines GDP as
“Gross domestic product (GDP), the featured measure of U.S. output, is the market value of the goods and services produced by labor and property located in the United States”
China GDP $14.28 Trillion Year 2019
Source: Bureau of Economic Analysis
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