Nominal GDP for China was $18,728bn in 2024, up from $18,275bn in 2023. The Chinese population was estimated at 1.42bn in 2024 according to the IMF, while the United States is China’s biggest trading partner.
Variables Surveyed for China
Variables covered in our monthly analysis of China include:
- Gross Domestic Product
- Retail Sales
- Fixed Asset Investment
- Industrial Production
- Consumer Prices
- Producer Prices
- Money Supply
- Merchandise Exports
- Merchandise Imports
- Trade Balance
- Current Account Balance
- Central Govt Budget Balance
- Interest Rates
- Renminbi Currency Forecasts
Consensus Forecasts for China
Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. in the PDF publication, we also show selected “comparison forecasters” including the Asian Development Bank, Chinese Academy of Social Sciences, IMF and OECD. The example below is an illustrative historical survey snapshot from September 2022, showing how individual forecasts and the consensus are presented.
Source: Asia Pacific Consensus Forecasts, September 2022
Special Surveys
In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for China on topics such as:- Quarterly Forecasts
- Long-Term 5 and 10 Year Forecasts
- Economic Policy Evaluation
- Real Interest Rates and Foreign Direct Investment
- Forecast Probabilities
- Forecasts of Trade and Current Account Balances
Main Data Sources for China
- National Bureau of Statistics of China: As an agency directly under the State Council, the National Bureau of Statistics is in charge of statistics and economic accounting in China.
- People's Bank of China: The People's Bank of China is the central bank of the People's Republic of China, responsible for carrying out monetary policy and regulation of financial institutions in mainland China, as determined by the People's Bank Law and the Commercial Bank Law.
Comprehensive Forecasts Coverage
Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at editors@consensuseconomics.com should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.Explore forecasts across Asia Pacific
Alongside this country forecast, explore the other economies covered by our Asia Pacific forecast publication.