Preliminary Accounting Results of GDP for the First Quarter of 2024
Based on relevant basic data and accounting methods for gross domestic product (GDP), the results of the preliminary accounting of China's GDP in the first quarter of 2024 are as follows:
Preliminary Accounting Results of GDP for the First Quarter of 2024
| Absolute Value (100 million yuan) | Growth Rate over the Same Period Last Year (%) |
GDP | 296299 | 5.3 |
Primary industry | 11538 | 3.3 |
Secondary industry | 109846 | 6.0 |
Tertiary industry | 174915 | 5.0 |
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Agriculture, forestry, animal husbandry and fishery | 12295 | 3.5 |
Industry | 96426 | 6.0 |
#Manufacturing | 80143 | 6.4 |
Construction | 13978 | 5.8 |
Wholesale and retail trades | 29543 | 6.0 |
Transport, storage and post | 13532 | 7.3 |
Hotels and catering services | 4892 | 7.3 |
Financial intermediation | 26812 | 5.2 |
Real estate | 17736 | -5.4 |
Information transmission, software and information technology services | 15881 | 13.7 |
Leasing and business services | 11232 | 10.8 |
Others | 53974 | 3.8 |
Notes: 1. Absolute value is calculated based on current prices, and the growth rate is calculated based on constant prices; 2. Three industries are classified on the basis of Three Industries Classification Regulations enacted in 2018 by the NBS of China. 3. The National Industrial Classification of All Economic Activities (GB/T4754-2017) was performed for the industrial classification of national economic activities; 4. Due to numerical rounding errors, among the total GDP and its data composition, some of the data may not be equal to the sum of each sector (industry), and no mechanical adjustments have been made. | ||
The Y/Y Growth Rate on GDP
Unit: % | ||||
| Q1 | Q2 | Q3 | Q4 |
2019 | 6.3 | 6.0 | 5.9 | 5.8 |
2020 | -6.9 | 3.1 | 4.8 | 6.4 |
2021 | 18.7 | 8.3 | 5.2 | 4.3 |
2022 | 4.8 | 0.4 | 3.9 | 2.9 |
2023 | 4.5 | 6.3 | 4.9 | 5.2 |
2024 | 5.3 |
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Note: The year-on-year growth rate refers to the growth rate over the same period last year. | ||||
The Q/Q Growth Rate on GDP
Unit: % | ||||
| Q1 | Q2 | Q3 | Q4 |
2019 | 1.6 | 1.4 | 1.4 | 1.3 |
2020 | -10.4 | 11.4 | 3.4 | 2.7 |
2021 | 0.5 | 1.4 | 0.6 | 1.8 |
2022 | 0.4 | -2.1 | 4.0 | 0.8 |
2023 | 1.8 | 0.5 | 1.8 | 1.2 |
2024 | 1.6 |
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Note: The quarter-on-quarter growth rate refers to the seasonally adjusted growth rate over the previous quarter. | ||||
Refer to NBS database (http://data.stats.gov.cn) for more accounting results.