GDP growth (annual) · China
China GDP Growth Rate YoY
The China GDP Growth Rate YoY measures how much the economy of China grew compared with the same period a year earlier.
- Importance
- High
- Released
- Quarterly
- Currency
- CNH · Chinese yuan (renminbi)
- Central bank
- The People's Bank of China
Latest figures
The latest release for Q3, published on 19 October 2026, came in at 4.5%, above the consensus of 4.4%, up from 4.3% the time before.
A stronger figure than expected points to a healthier economy: it usually supports the Chinese yuan (renminbi) and local stocks, and can push bond yields up.
Over the last 8 releases it ranged from 4.3% to 5.4%, averaging 4.9%.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 19 Oct 2026 | Q3 | 4.5% | 4.4% | 4.3% |
| 15 Jul 2026 | Q2 | 4.3% | 4.5% | 5% |
| 16 Apr 2026 | Q1 | 5% | 4.8% | 4.5% |
| 19 Jan 2026 | Q4 | 4.5% | 4.4% | 4.8% |
| 20 Oct 2025 | Q3 | 4.8% | 4.8% | 5.2% |
| 15 Jul 2025 | Q2 | 5.2% | 5.1% | 5.4% |
| 16 Apr 2025 | Q1 | 5.4% | 5.1% | 5.4% |
| 17 Jan 2025 | Q4 | 5.4% | 5% | 4.6% |
Why it matters
The yearly rate is less noisy than the quarterly change and is the figure most people mean by "economic growth". It shapes the earnings outlook for local companies, tax revenue, and the People's Bank of China's view of how much spare capacity the economy has.
How it is calculated
the National Bureau of Statistics (NBS) compares real GDP (after inflation) with the same quarter or year before; full-year figures sum the four quarters.
Growth (yoy) = real GDP ÷ real GDP a year ago − 1What changes mean
- Growth above the country's trend (about 1–2% for advanced economies, more for emerging ones) tends to raise inflation pressure.
- Annual growth turns only slowly; the quarterly figure shows turning points earlier.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the Chinese yuan (renminbi) and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the Chinese yuan (renminbi) tends to soften and markets price in lower rates.
A short history
Annual national accounts spread after the Second World War under the UN System of National Accounts (first edition 1953).
Questions
What is the China GDP Growth Rate YoY?
The China GDP Growth Rate YoY measures how much the economy of China grew compared with the same period a year earlier.
What was the latest China GDP Growth Rate YoY?
4.5% for Q3, published on 19 October 2026 (consensus 4.4%, previous 4.3%).
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.