Superpower China GDP 2021 Statistic

China GDP Statistic USD17.7 Trillion in 2021

China GDP in 2021 reached US$17.7 trillion (RMB114.4 trillion), showing an increase of approx. US$3 trillion (RMB 13 trillion) compared to 2020, and 8.1 percent growth year-on-year, according to the National Bureau of Statistics (NBS).

Most powerful economy country rank by GDP in 1980 to 2026

China authorities have also unveiled data tracking the economic performance of 31 provinces, autonomous regions, and municipalities directly under the Central Government for 2021. With global headwinds and Covid-linked uncertainties dampening China’s economic growth outlook in 2022, it is easy to feel pessimistic. That’s why we take a closer look at the growth rates of prominent provinces and major cities in China in this article – to gain sense of what is happening on the ground and whether the country continues to be a favored investment destination.

Guangdong’s GDP ranked first for the 33rd consecutive year

In 2021, the China GDP economic output of many provinces reached a new high. Among others, Guangdong’s GDP exceeded RMB 12 trillion for the first time – reaching RMB 12.44 trillion (approx. US$1.92 trillion) and registering eight percent growth year-on-year. This ensures that Guangdong ranked first in the country for the 33rd consecutive year. To compare, based on 2020 statistics, Guangdong’s GDP was higher than Italy (US$1.89 trillion), Canada (US$1.64 trillion), and South Korea (US$1.64 trillion).

24 cities with China GDP over RMB 1 trillion

In 2021, China’s city GDP “trillion club” expanded again as 24 cities ended up with a GDP over RMB 1 trillion (approx. US$0.16 trillion).

Shanghai and Beijing’s GDP exceeded RMB 4 trillion (approx. US$0.62 trillion). The rapid recovery of Shanghai’s economic growth owes much to strategic emerging industries, especially new energy vehicles. Beijing’s rapid growth is partly due to the fast growth of its industries above the designated size. On the other hand, Beijing has begun to deploy advantageous production capacity after relocating the non-capital functions to neighboring provinces.

Dongguan’s GDP reached RMB 1.09 trillion (approx. US$0.17 trillion) in 2021, becoming the 24th member of the trillion-club cities. According to analysts, this is mostly due to the rapid growth of China foreign trade in 2021.

In terms of the geographic area of the 24 trillion club cities, 18 of them were located in South China while six of them belonged to North China. In terms of their constituent provinces, the number of trillion-club cities in Guangdong reached four, including Shenzhen, Guangzhou, Foshan, and Dongguan. Thus, Guangdong has caught up with Jiangsu in the number of trillion-club cities. Jiangsu has the following four trillion-club cities: Suzhou, Nanjing, Wuxi, and Nantong.

List of China GDP 2021 one trillion-club cities

China GDP top cities statistics in 2021

Top China’s cities by GDP comparing with some countries

List of top municipalities and prefecture-level divisions by GDP[1]
Nominal China GDP is based on the official annual average exchange rate at CN¥ 6.8974 per US dollar in 2020;[2]
CN¥4.2082 per Int’l. dollar (according to World Economic Outlook published by IMF on April 2021 publication)[3]

rankcitiesprovincesGDP (billion CNY)GDP (billion US$)Comparable economies
1Shanghaimunicipality3,87056123px Flag of Belgium %28civil%29.svg Belgium
2Beijingmunicipality3,61052323px Flag of Thailand.svg Thailand
3ShenzhenGuangdong2,76740123px Flag of the United Arab Emirates.svg United Arab Emirates
4GuangzhouGuangdong2,50236323px Flag of Singapore.svg Singapore
5Chongqingmunicipality2,50036323px Flag of Singapore.svg Singapore
Hong KongSAR2,41034923px Flag of Vietnam.svg Vietnam
6SuzhouJiangsu2,01729223px Flag of Colombia.svg Colombia
7ChengduSichuan1,77225723px Flag of Portugal.svg Portugal
8HangzhouZhejiang1,61123423px Flag of New Zealand.svg New Zealand
9WuhanHubei1,56222623px Flag of Peru.svg Peru
10NanjingJiangsu1,48221523px Flag of Greece.svg Greece
11Tianjinmunicipality1,40820423px Flag of Greece.svg Greece
12NingboZhejiang1,24118023px Flag of Kazakhstan.svg Kazakhstan
13QingdaoShandong1,24018023px Flag of Kazakhstan.svg Kazakhstan
14WuxiJiangsu1,23717923px Flag of Hungary.svg Hungary
15ChangshaHunan1,21417623px Flag of Hungary.svg Hungary
16ZhengzhouHenan1,20017423px Flag of Hungary.svg Hungary
17FoshanGuangdong1,08215723px Flag of Qatar.svg Qatar
18QuanzhouFujian1,01614723px Flag of Kenya.svg Kenya
19JinanShandong1,01414723px Flag of Algeria.svg Algeria
20HefeiAnhui1,00514623px Flag of Algeria.svg Algeria
21NantongJiangsu1,00314623px Flag of Algeria.svg Algeria
22Xi’anShaanxi1,00214523px Flag of Algeria.svg Algeria
23FuzhouFujian1,00214523px Flag of Algeria.svg Algeria
24DongguanGuangdong96514023px Flag of Algeria.svg Algeria
25YantaiShandong78211323px Flag of Slovakia.svg Slovakia
26ChangzhouJiangsu78111323px Flag of Slovakia.svg Slovakia
27XuzhouJiangsu73210623px Flag of Kenya.svg Kenya
28TangshanHebei72110523px Flag of Kenya.svg Kenya
29DalianLiaoning70310223px Flag of Ecuador.svg Ecuador
30WenzhouZhejiang68710023px Flag of Ecuador.svg Ecuador
Top cities by China GDP comparing with some countries

Though GDP numbers only tell part of the story of a region’s economic situation, it is an important indicator for managing growth expectations and predicting local economic policies. Enterprises doing business in China should keep a close eye on the economic development patterns of specific provinces and cities.

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