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Visualizing China’s $18 Trillion Economy in 2021
China is the world’s second largest economy after the U.S., and it is expected to eventually climb into the number one position in the coming decades.
While China’s economy has had a much rockier start this year due to zero-tolerance COVID-19 lockdowns and supply chain issues, our visualization covers a full year of data for 2021—a year in which most economies recovered after the initial chaos of the pandemic.
In 2021, China’s Gross Domestic Product (GDP) reached ¥114 trillion ($18 trillion in USD), according to the National Bureau of Statistics. The country’s economy outperformed government targets of 6% growth, with the overall economy growing by 8.1%.
Let’s take a look at what powers China’s modern economy.
Breaking Down China’s Economy By Sector
| Sector | 2021 Total GDP (Yuan) | 2021 Total GDP (USD) | % Share |
|---|---|---|---|
| Industry | ¥37.3T | $5.9T | 32.6% |
| Wholesale and Retail Trades | ¥10.5T | $1.7T | 9.2% |
| Finance | ¥9.1T | $1.4T | 8.0% |
| Farming, Forestry, Animal Husbandry, and Fishery | ¥8.7T | $1.4T | 7.6% |
| Construction | ¥8.0T | $1.3T | 7.0% |
| Real Estate | ¥7.8T | $1.2T | 6.9% |
| Transport, (Read more...) |