China: gross domestic product (GDP)




The graph above charts China’s GDP between 1960 and 2008.

Economic restructuring and the resulting efficiency gains have contributed to a more-than-tenfold increase in GDP since 1978; on average, the national GDP has risen by 9.5 per cent every year over the past 30 years.

Indeed, China now has the world’s fourth-largest GDP as measured in nominal US dollars. The figure for 2006 stood at US$2.68trn.