China’s GDP Grew 6.6% Per Annum on Average over Past Decade: NBS


The latest official data indicates that the Chinese economy grew at a rate of well over 6.6% each year during the past decade-long period.

A report released by the National Bureau of Statistics (NBS) on 18 September indicates that China’s GDP grew by 6.6% per annum on average during the ten year period from 2013 to 2021.

This compares to a global per annum growth rate of 2.6% over the same period, and 3.7% for emerging economies.

According to NBS data the Chinese economy made an average contribution to global economic growth of over 30% during the past decade-long period.

In 2021 China’s economy accounted for 18.5% of the global economy, for an increase of 7.2 percentage points compared to 2012, putting it in second place in the world after the US.

China’s per capita GDP was 80,976 yuan in 2021, for growth of 69.7% compared to 2012 in inflation-adjusted terms, and average annual growth of 6.1% over the decade.

In 2021 end consumption expenditures made a contribution of 65.4% to Chinese economic growth, for an increase of 10 percentage points compared to 2012.

During the period from 2013 to 2020 China’s impoverished rural village population fell by 98.99 million, while employed held steady throughout the decade at over 740 million.