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    Home > Finance > China revises up 2023 GDP to $17.73 trillion
    Finance

    China revises up 2023 GDP to $17.73 trillion

    Published by Global Banking & Finance Review®

    Posted on December 26, 2024

    1 min read

    Last updated: January 27, 2026

    This image illustrates the recent uptick in oil prices, reflecting investor optimism regarding China's economic recovery. The graphic aligns with the article's focus on oil market trends amid geopolitical factors and China's growth policies.
    Graph showing rising oil prices as investors eye China's economic recovery - Global Banking & Finance Review
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    Quick Summary

    China revised its 2023 GDP to $17.73 trillion, a 2.7% increase, driven by growth in secondary and tertiary industries, according to the National Bureau of Statistics.

    China's 2023 GDP Revised Upward to $17.73 Trillion

    BEIJING (Reuters) - China on Thursday revised up its 2023 gross domestic product (GDP) by 2.7% to 129.4 trillion yuan ($17.73 trillion), the head of the National Bureau of Statistics Kang Yi said at a press conference in Beijing.

    China's fifth National Economic Census, released by the bureau on Thursday, showed more business entities and number of people employed in the secondary and tertiary industries at end-2023 compared with end-2018.

    But people employed in property developers dropped 27% to 2.71 million at end-2023, versus end-2018, the economic census data showed.

    ($1 = 7.2992 Chinese yuan)

    (Reporting by Kevin Yao; Writing by Ellen Zhang, Liangping Gao and Liz Lee; Editing by Himani Sarkar)

    Key Takeaways

    • •China revised 2023 GDP up by 2.7% to $17.73 trillion.
    • •Growth observed in secondary and tertiary industries.
    • •Drop in employment in property development sector.
    • •Data released by National Bureau of Statistics.
    • •Economic census compares data from 2018 to 2023.

    Frequently Asked Questions about China revises up 2023 GDP to $17.73 trillion

    1What is the main topic?

    The main topic is China's revision of its 2023 GDP to $17.73 trillion, reflecting economic growth.

    2What industries showed growth?

    The secondary and tertiary industries showed growth according to the economic census data.

    3How did employment in property development change?

    Employment in property development dropped by 27% to 2.71 million people by the end of 2023.

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