GDP 2019

According to preliminary estimation, the gross domestic product (GDP) in 2019 was 99,086.5 billion yuan ($14.36 trillion), up by 6.1 percent over the previous year.

Of this total, the value-added of the primary industry was 7,046.7 billion yuan, up by 3.1 percent, that of the secondary industry was 38,616.5 billion yuan, up by 5.7 percent and that of the tertiary industry was 53,423.3 billion yuan, up by 6.9 percent. The value-added of the primary industry accounted for 7.1 percent of the GDP; that of the secondary industry has accounted for 39.0 percent; and that of the tertiary industry accounted for 53.9 percent. The contribution of the final consumption expenditure to GDP was 57.8 percent, that of the gross capital formation accounted for 31.2 percent and that of the net exports of goods and services accounted for 11.0 percent.

The per capita GDP in 2019 was 70,892 yuan, up by 5.7 percent compared with the previous year. The gross national income in 2019 was 98,845.8 billion yuan, up by 6.2 percent over the previous year.

The national energy consumption per 10,000 yuan worth of GDP went down by 2.6 percent over 2018, and the overall labor productivity reached 115,009 yuan per person in 2019, up by 6.2 percent over the previous year.

Gross Domestic Product (GDP) refers to the final value of products at market prices produced by all resident units of a country during a certain period of time. GDP is the core indicator of national accounts, and also an important indicator in the measurement of economic conditions and the level of development of a country.