According to the IMF, on a per capita income basis, China ranked 73rd by GDP (PPP) per capita in 2019. The country became the first major economy to report growth following the coronavirus pandemic, as factories and stores reopened following months of coronavirus-induced restrictions. This was the first contraction since the report began in 1992, reflecting severe damage caused by the COVID19 outbreak and raising pressure on authorities to shore up growth amid mounting job losses and concerns over social stability while keeping debts and financial risks under control. China Foreign Reserves at Over 4-1/2-Year High, China Services Growth Remains Solid: Caixin, China Private Sector Growth Remains Robust: Caixin, China Factory Growth Slows but Remains Strong: Caixin, China Services Growth Slows From Over 8-Year High, China Manufacturing Growth Eases Slightly in December, China Industrial Profits Rise 2.4% YoY in Jan-Nov, Egypt Inflation Rate Eases to 5.4% in December, FDI into the Philippines Smallest in 6 Months, Brazilian Shares Finish at New Record High, WTI Crude Books Big Weekly Gain after Saudi Arabia Cut. Brazil is the largest and … China's economy is picking up steam as the country continues to dig its way out of the turmoil caused by the coronavirus pandemic. The Trading Economics Application Programming Interface (API) provides direct access to our data. In China, Gross Domestic Product is divided by three sectors: Primary, Secondary and Tertiary. China’s economic freedom score is 59.5, making its economy the 103rd freest in the 2020 Index. “Our current forecast has GDP growing at about 6% y/y in H2, bringing growth to between 2% and 2.5% in 2020, followed by over 8% growth next year. With a projected gdp growth rate of 26.21% in 2020, Guyana is the fastest growing economy in the world. Brazil Nominal GDP: $1.85 trillion - Brazil GDP (PPP): $3.37 trillion. The Trading Economics Application Programming Interface (API) provides direct access to our data. 2010-2020 Data | 2021-2023 Forecast | Calendar | Historical. Growth will rebound to 6.8% in 2021. The Chinese economy shrank 6.8 percent year-on-year in the first quarter of 2020, after a 6 percent growth in the last three months of 2019 and compared with market forecasts of a 6.5 percent decline. The US and China's margin is coming down in nominal ranking as China's gdp growth rate of 2020 (1.85%) is much higher than the US's -4.27%. However, China's long term growth potential will not be affected by the short term fallout of the coronavirus pandemic, as the country's economic fundamentals remain unchanged, the authorities said. 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. GDP Annual Growth Rate in China averaged 9.23 percent from 1989 until 2020, reaching an all time high of 15.30 percent in the first quarter of 1993 and a record low of -6.80 percent in the first quarter of 2020. Industrial production went up 6.9%, also higher than expected and the biggest gain in 2020. Official figures showed China's gross domestic product … China’s GDP growth slipped to 6.6% in 2018 from 6.8% the previous year, and was 6.2% year-on-year in the first nine months of 2019, the National Bureau of Statistics said in October. Crucial Quote Direct access to our calendar releases and historical data. Only these four countries have a gdp growth rate above 3%. China is the second-largest economy considering nominal GDP, at $14.14 trillion, and the largest using GDP (PPP), which is $27.31 trillion. From 1979 until 2010, China's average annual GDP growth was 9.91%, reaching a historical high of 15.2% in 1984 and a record low of 3.8% in 1990. ... China announced it would not set an economic growth goal for 2020 … China Foreign Reserves at Over 4-1/2-Year High, China Services Growth Remains Solid: Caixin, China Private Sector Growth Remains Robust: Caixin, China Factory Growth Slows but Remains Strong: Caixin, China Services Growth Slows From Over 8-Year High, China Manufacturing Growth Eases Slightly in December, China Industrial Profits Rise 2.4% YoY in Jan-Nov, Egypt Inflation Rate Eases to 5.4% in December, FDI into the Philippines Smallest in 6 Months, Brazilian Shares Finish at New Record High, WTI Crude Books Big Weekly Gain after Saudi Arabia Cut. Before the pandemic, Beijing had committed to doubling the size of the economy between 2010 and 2020, requiring an annual growth rate of 6.2 per cent in 2020 to meet the goal. Rising global demand for medical equipment and work-from-home technology has been boosting exports while government support including more fiscal spending, tax relief and cuts in lending rates and banks' reserve requirements has also helped to boost the recovery. The IMF forecast a 2020 global contraction of 4.4 percent, an improvement over a 5.2 percent contraction predicted in June, when business closures … World Bank national accounts data, and OECD National Accounts data files. GDP Annual Growth Rate in China averaged 9.23 percent from 1989 until 2020, reaching an all time high of 15.30 percent in the first quarter of 1993 and a record low of -6.80 percent in the first quarter of 2020. Brazil. China's GDP was $14.4 trillion (99 trillion Yuan) in 2019. Nonetheless, be it "quarter-on-quarter" growth or "year-over-year" economic performance, China has grossed impressive … Japan, the third-largest economy in the world, contributes almost 6% to the global GDP… China’s economy suffered a … The Chinese economy expanded by a seasonally adjusted 1.5 percent on quarter in the three months to December 2019, following a downwardly revised 1.4 percent growth in the previous quarter and matching market consensus. The Chinese economy grew by 3.2 percent year-on-year in the second quarter of 2020, rebounding from a record 6.8 percent contraction in the previous three-month period and beating market consensus of a 2.5 percent expansion. India. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. 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