China's gross national expenditure (current LCU) was 130.98 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 103.44% from 64.38 trillion in 2014 (7.36% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 130.98 trillion | 2024 |
| Five years earlier | 99.75 trillion | 2019 |
| Ten years earlier | 64.38 trillion | 2014 |
| Highest | 130.98 trillion | 2024 |
| Lowest | 117.16 billion | 1962 |
| Average since 2015 | 101.13 trillion | 2015–2024 |
| First recorded | 150.97 billion |
What the numbers say
In 2024, China's gross national expenditure (current LCU) rose 3.4% on 2023 (from 126.69 trillion to 130.98 trillion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +12.7% and a typical year strayed about 6.5% from that (the standard deviation). This year's change was 1.4 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 35% in 1993 and the biggest yearly fall was 15.4% in 1961. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 7.15 trillion a year. A straight line explains 99% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about 153.2 trillion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 1.89 trillion, against 11.37 trillion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, China had the 5th highest value of the 38 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to China in the 2024 ranking
- Lebanon — 1st of 38: 3,151.95 trillion
- Japan — 2nd of 38: 639.89 trillion
- Iraq — 3rd of 38: 318.92 trillion
- Kazakhstan — 5th of 38: 123.4 trillion
- Angola — 6th of 38: 91.62 trillion
- United States — 7th of 38: 30.2 trillion
What this measures
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 65 values
| Year | Gross national expenditure (current LCU) |
|---|---|
| 2024 | 130,978,740,000,000 |
| 2023 | 126,692,500,000,000 |
| 2022 | 119,448,240,000,000 |
| 2021 | 114,339,090,000,000 |
| 2020 | 101,773,710,000,000 |
| 2019 | 99,754,930,000,000 |
| 2018 | 92,752,850,000,000 |
| 2017 | 83,048,830,000,000 |
| 2016 | 74,369,650,000,000 |
| 2015 | 68,181,100,000,000 |
Gross national expenditure (current LCU) in nearby economies
- Australia — 2.76 trillion (2025)
- Brunei Darussalam — 15.77 billion (2025)
- Cambodia — 196.35 trillion (2025)
- Fiji — 14.91 billion (2024)
- French Polynesia — 890.2 billion (2024)
- Hong Kong SAR, China — 3.24 trillion (2025)
- Indonesia — 22,244.3 trillion (2025)
- Japan — 639.89 trillion (2024)
- Kiribati — 1 billion (2024)
- Korea, Rep. — 2,524.87 trillion (2025)
More economic policy & debt data for China
- Exports of goods and services (current US$) — US$4.11 trillion (2025)
- Exports of goods and services (current LCU) — 29.54 trillion (2025)
- Exports of goods and services (% of GDP) — 21.07% (2025)
- Imports of goods and services (current US$) — US$3.29 trillion (2025)
- Imports of goods and services (current LCU) — 23.67 trillion (2025)
- Imports of goods and services (% of GDP) — 16.89% (2025)
- External balance on goods and services (current US$) — US$816.19 billion (2025)
- External balance on goods and services (current LCU) — 5.87 trillion (2025)
- External balance on goods and services (% of GDP) — 4.19% (2025)
Reading data like this
Questions people ask
- What is China's gross national expenditure (current LCU)?
- 130.98 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 86,656% from 150.97 billion in 1960 (11.15% a year on average, compounded). The highest value was 130.98 trillion in 2024 and the lowest 117.16 billion in 1962.
Source
World Bank, World Development Indicators, indicator NE.DAB.TOTL.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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