Chinese GDP (Gross Domestic Product)

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Chinese GDP (Gross Domestic Product)

China Country Overview

Above all, we will discuss the Chinese GDP. China’s official name is the People’s Republic of China. It is located in East Asia. it has five geographical zones and borders 14 countries. Its capital name is Beijing and its largest city name is Shanghai. Its official language is the standard Chinese language.

Chinese GDP
Chinese GDP

Other languages spoken in China are Mongolian, Uyghur, Tibetan, and others. When we talk about Ethnic groups in china, so han Chinese 92% and 8% of others live in china.

In Religion, 75% No religion, 18% Buddhism, 5% Christianity, 1.6% Islam and others. Similarly when we talk about its Area, In addition its total area is 9,590,960 km2. Its total population is 1,411,770,720 in the year 2020.

Its currency is called CNY. 

Chinese GDP

However China’s total GDP is $16.60 trillion (nominal) and $26.60 trillion (PPP) in the year 2021. Its GDP rank is 2nd (nominal) and 1st (PPP) in the year 2021. Her GDP growth rate is 8.5% in the year 2021. His GDP per capita is $11,800 (nominal) and $18,900 (PPP) in the year 2021.

China’s GDP per capita rank is 56th (nominal) and 70th (PPP) in the year 2021. When we talk about its GDP by sector, After that  Agriculture: 8%, industry: was 40% and services are 52%. In China, the inflation rate is 3% in the year 2020. 0.6% Chinese population live below the poverty line.

Moreover When we talk about the rate of the human development index, similarly in China, Human Development Index rate is 0.761 in the year 2019 which is considered very high in the world. The total labor force in China is 778,700,550 in the year 2020.

In China, the labor force by occupation is agriculture 27%, industry, 30%, and services 44%. The unemployment rate in China is 4% in the year 2020.

Exports 

After that China’s total exports are $2.60 trillion in the year 2020. Its main export goods are Agriculture products, Fuels, mining products, etc. its main export partners are European Union, the United States, Hong Kong, Japan, South Korea, India, Russia, and others.

Imports

In conclusion China’s total imports are $2 trillion in the year 2020. Its main import goods are Agriculture products, mining products, etc. Its main import partners are European Union, South Korea, Japan, Taiwan, the United States, Brazil, India, and others.

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