Source: world bank Nominal/PPP
Summary:
China GDP Per Capita expanded from 1960 to 2024, increasing from $59.85 to $18,743.80 .The compound annual growth rate (CAGR) averaged 9.39% over the period. The economy recorded its peak level in 2024 and its lowest level in 1962. Growth volatility remained high. The maximum drawdown reached 20.95%, indicating the largest cyclical decline from peak levels. The country experienced 6 recession episode(s) during the observed period.
China Economic Phases (1960 - 2024)
From 1960 to 2024, China economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1963–1966) indicating robust economic expansion
- Contraction (1967–1968) indicating temporary slowdown
- High Growth (1969–1973) indicating robust economic expansion
- High Growth (1979–1980) indicating robust economic expansion
- Expansion (1981–1982) indicating steady moderate growth
- High Growth (1983–1985) indicating robust economic expansion
- Contraction (1986–1987) indicating temporary slowdown
- High Growth (1988–1989) indicating robust economic expansion
- High Growth (1991–1992) indicating robust economic expansion
- High Growth (1994–2015) indicating robust economic expansion
- High Growth (2017–2018) indicating robust economic expansion
- Expansion (2019–2020) indicating steady moderate growth
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 1995 with an increase of 30.208%, while the largest decline was in 1961 at -16.181%.