Gross Domestic Product — Value Standard Local Currency, annual growth in China, Hong Kong SAR

China, Hong Kong SAR: Gross Domestic Product — Value Standard Local Currency, annual growth was 6.48 % change on previous year in 2024. ◆ Volatile

Latest (2024)
6.48 % change on previous year
Change on year
up 5.5%
World rank
118th
of 218 countries
All-time high
31.37 % change on previous year
in 1979
All-time low
-5.95 % change on previous year
in 2020
Years of data
54
1971–2024

Gross Domestic Product — Value Standard Local Currency, annual growth in China, Hong Kong SAR, 1971–2024

-100102030197119972024

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

China, Hong Kong SAR recorded 6.48 % change on previous year for gross domestic product — value standard local currency, annual growth in 2024.

Compared with earlier readings it is up 5.5% on the previous year and up 13.9% over ten years.

Over the whole period, gross domestic product — value standard local currency, annual growth in China, Hong Kong SAR peaked at 31.37 % change on previous year in 1979 and was at its lowest, -5.95 % change on previous year, in 2020.

That places China, Hong Kong SAR 118th out of 218 countries with data for 2024, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Gross Domestic Product — Value Standard Local Currency, annual growth in China, Hong Kong SAR, year by year

Annual values for Gross Domestic Product — Value Standard Local Currency, annual growth rate in China, Hong Kong SAR, 1971 to 2024.
Year % change on previous year Change
1971 15.47 % change on previous year
1972 20.73 % change on previous year +34.0%
1973 28.29 % change on previous year +36.5%
1974 14.31 % change on previous year -49.4%
1975 4.97 % change on previous year -65.2%
1976 27.36 % change on previous year +450.2%
1977 16.04 % change on previous year -41.4%
1978 17.05 % change on previous year +6.3%
1979 31.37 % change on previous year +83.9%
1980 27.45 % change on previous year -12.5%
1981 20.86 % change on previous year -24.0%
1982 12.92 % change on previous year -38.1%
1983 10.85 % change on previous year -16.0%
1984 20.58 % change on previous year +89.6%
1985 6.16 % change on previous year -70.1%
1986 15.24 % change on previous year +147.5%
1987 23.16 % change on previous year +52.0%
1988 18.06 % change on previous year -22.0%
1989 15.12 % change on previous year -16.3%
1990 11.69 % change on previous year -22.7%
1991 15.36 % change on previous year +31.5%
1992 16.75 % change on previous year +9.0%
1993 15.35 % change on previous year -8.4%
1994 12.74 % change on previous year -17.0%
1995 6.61 % change on previous year -48.1%
1996 10.39 % change on previous year +57.2%
1997 11.15 % change on previous year +7.3%
1998 -4.73 % change on previous year -142.4%
1999 -1.69 % change on previous year -64.3%
2000 4.01 % change on previous year -337.1%
2001 -1.22 % change on previous year -130.5%
2002 -1.8 % change on previous year +47.3%
2003 -3.13 % change on previous year +74.0%
2004 4.8 % change on previous year -253.0%
2005 7.23 % change on previous year +50.7%
2006 6.46 % change on previous year -10.6%
2007 9.81 % change on previous year +51.8%
2008 3.44 % change on previous year -65.0%
2009 -2.83 % change on previous year -182.2%
2010 7.06 % change on previous year -349.7%
2011 8.9 % change on previous year +26.1%
2012 5.31 % change on previous year -40.4%
2013 4.97 % change on previous year -6.3%
2014 5.69 % change on previous year +14.5%
2015 6.12 % change on previous year +7.5%
2016 3.85 % change on previous year -37.1%
2017 6.79 % change on previous year +76.3%
2018 6.61 % change on previous year -2.6%
2019 0.3382 % change on previous year -94.9%
2020 -5.95 % change on previous year -1858.7%
2021 7.18 % change on previous year -220.7%
2022 -2.06 % change on previous year -128.6%
2023 6.15 % change on previous year -398.8%
2024 6.48 % change on previous year +5.5%

Biggest year-on-year movements

Years where Gross Domestic Product — Value Standard Local Currency, annual growth in China, Hong Kong SAR changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2020 -1858.7% 0.3382 % change on previous year -5.95 % change on previous year
1976 +450.2% 4.97 % change on previous year 27.36 % change on previous year
2023 +398.8% -2.06 % change on previous year 6.15 % change on previous year

Averages by decade

DecadeAverage LowestHighest Years
1970s 19.51 % change on previous year 4.97 % change on previous year 31.37 % change on previous year 9
1980s 17.04 % change on previous year 6.16 % change on previous year 27.45 % change on previous year 10
1990s 9.36 % change on previous year -4.73 % change on previous year 16.75 % change on previous year 10
2000s 2.67 % change on previous year -3.13 % change on previous year 9.81 % change on previous year 10
2010s 5.56 % change on previous year 0.3382 % change on previous year 8.9 % change on previous year 10
2020s 2.36 % change on previous year -5.95 % change on previous year 7.18 % change on previous year 5

Countries ranked near China, Hong Kong SAR

  1. 115 Sint Maarten (Dutch part) 6.6 % change on previous year compare
  2. 116 Lesotho 6.54 % change on previous year compare
  3. 117 Turks and Caicos Islands 6.51 % change on previous year compare
  4. 119 Mexico 6.46 % change on previous year compare
  5. 120 Portugal 6.44 % change on previous year compare
  6. 121 Israel 6.44 % change on previous year compare

See the full ranking of 218 places →

More economy & growth data for China, Hong Kong SAR

All data for China, Hong Kong SAR →

Frequently asked questions

What is gross domestic product — value standard local currency, annual growth in China, Hong Kong SAR?
Gross domestic product — value standard local currency, annual growth in China, Hong Kong SAR was 6.48 % change on previous year in 2024, according to Statizoid (derived).
What is the highest gross domestic product — value standard local currency, annual growth recorded in China, Hong Kong SAR?
The highest recorded value was 31.37 % change on previous year in 1979.
What is the lowest gross domestic product — value standard local currency, annual growth recorded in China, Hong Kong SAR?
The lowest recorded value was -5.95 % change on previous year in 2020.
How does China, Hong Kong SAR rank for gross domestic product — value standard local currency, annual growth?
China, Hong Kong SAR ranks 118th out of 218 countries with data for 2024.
Is gross domestic product — value standard local currency, annual growth rising or falling in China, Hong Kong SAR?
Over the last ten years it is up 13.9%. The long-run trend across the full record is volatile.
Where does this China, Hong Kong SAR data come from?
The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.

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Gross Domestic Product — Value Standard Local Currency, annual growth in China, Hong Kong SAR. Statizoid, drawing on Statizoid (derived). Retrieved 19 September 2026, from https://economy.statizoid.com/stat/gross-domestic-product-value-standard-local-currency-annual-growth-rate/china-hong-kong-sar/

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<a href="https://economy.statizoid.com/stat/gross-domestic-product-value-standard-local-currency-annual-growth-rate/china-hong-kong-sar/">Gross Domestic Product — Value Standard Local Currency, annual growth in China, Hong Kong SAR</a> — Statizoid

How this figure is calculated

The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Gross Domestic Product — Value Standard Local Currency, annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
218 places, 10,731 data points, 1971–2024
Last refreshed

The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.