Source: world bank Nominal/PPP
Summary:
China GDP Per Capita expanded from 1960 to 2024, increasing from $89.72 to $13,303.15 .The compound annual growth rate (CAGR) averaged 8.12% 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 20.8%, 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 (1964–1966) indicating robust economic expansion
- Contraction (1967–1968) indicating temporary slowdown
- High Growth (1969–1970) indicating robust economic expansion
- High Growth (1972–1973) 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
- High Growth (1988–1989) indicating robust economic expansion
- Expansion (1990–1991) indicating steady moderate growth
- 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 2008 with an increase of 28.841%, while the largest decline was in 1978 at -15.653%.