GDP 2017

According to preliminary accounting, the gross domestic product (GDP) in 2017 was 82,712.2 billion yuan ($12.2 trillion), up by 6.9 percent over the previous year.

Of this total, the value-added of the primary industry was 6,546.8 billion yuan, up by 3.9 percent, that of the secondary industry was 33,462.3 billion yuan, up by 6.1 percent and that of the tertiary industry was 42,703.2 billion yuan, up by 8.0 percent. The value-added of the primary industry accounted for 7.9 percent of the GDP; that of the secondary industry accounted for 40.5 percent; and that of the tertiary industry has accounted for 51.6 percent. The contribution of the final consumption expenditure to GDP accounted for 58.8 percent, that of the gross capital formation accounted for 32.1 percent and that of the net exports of goods and services accounted for 9.1 percent.

The per capita GDP in 2017 was 59,660 yuan, up by 6.3 percent compared with the previous year. The gross national income in 2017 was 82,501.6 billion yuan, up by 7.0 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.