Economic Buzz: China Contributed Around 30% To Global Economic Growth In 2013-21

19 Sep 2022 , 02:48 PM

Chinas average contribution to global economic growth exceeded 30 percent during the 2013-2021 period, ranking first across the world. In 2021 alone, Chinas economic aggregate accounted for 18.5 percent of the worlds total after currency translation based on average annual exchange rates, the second largest in the world and up 7.2 percentage points from 2012, according to the report released by the National Bureau of Statistics. Chinas gross domestic product (GDP) expanded at an average annual growth rate of 6.6 percent from 2013 to 2021, higher than the growth pace of 2.6 percent for the global economy and 3.7 percent for developing economies.Powered by Commodity Insights