Real GDP at Constant National Prices for China
RGDPNACNA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,572,606.00
Year-over-Year Change
87.42%
Date Range
1/1/1952 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for China' measures the total inflation-adjusted economic output of China. It is a key indicator used by economists and policymakers to assess the overall health and growth of the Chinese economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents China's real gross domestic product (GDP) calculated using constant national prices. It provides a measure of the total value of goods and services produced within China, adjusted for changes in domestic price levels. This important economic indicator is widely tracked to analyze China's economic performance and development.
Methodology
The data is collected and calculated by the World Bank based on national accounts information.
Historical Context
Policymakers and analysts use this trend to inform economic forecasting, trade negotiations, and assessments of China's global economic influence.
Key Facts
- China is the world's second-largest economy.
- China's real GDP growth averaged over 9% annually from 1978 to 2018.
- China aims to double its real GDP from 2020 to 2035.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total inflation-adjusted economic output of China, providing a gauge of the overall size and growth of the Chinese economy.
Q: Why is this trend relevant for users or analysts?
A: China's real GDP is a crucial indicator used by economists, policymakers, and investors to assess the health and development of the world's second-largest economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to inform economic forecasting, trade negotiations, and assessments of China's global economic influence.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and any revisions made by the World Bank.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for China (RGDPNACNA666NRUG), retrieved from FRED.