China Economic Data 2025 — Annual Review
Full-year 2025 economic indicators for China. Sources: NBS, GACC, PBOC.
Last updated: May 2026 · Based on official NBS Statistical Communiqué and GACC annual customs data
Full-year GDP reached ¥140.2 trillion. Trade surplus hit a record $1.19 trillion driven by $3.77T in exports.
What the 2025 Numbers Mean
GDP: China's economy grew exactly 5.0% in 2025, matching the government's official target range of "around 5%." Full-year nominal GDP reached ¥140.2 trillion (~$19.5 trillion USD at prevailing exchange rates), cementing China's position as the world's second-largest economy. See the full Q1 2026 GDP analysis for context.
Trade: China's 2025 trade surplus reached a record $1.19 trillion on the back of $3.77T in exports (+5.5% YoY). Despite US tariff headwinds, ASEAN and emerging market demand kept exports elevated throughout the year. Full-year imports were $2.58T. See monthly trade data.
CPI: Consumer price inflation averaged 0.0% for full-year 2025, reflecting persistent weak domestic demand and the drag from property sector deleveraging. The PBOC maintained an accommodative stance throughout the year. Track China CPI data.
Urbanization: China's urbanization rate reached 67.9% in 2025 (up from 67.0% in 2024), with approximately 960 million people now living in urban areas. This remains well below the 80%+ average of developed economies, indicating continued long-run urbanization potential. See urbanization data.
2025 Monthly Trade Breakdown
China's 2025 trade performance was driven by front-loading ahead of anticipated US tariff increases in early 2026, with particularly strong export surges in Q4 2025 (December exports: $357B, surplus: $114B).
View Monthly Trade Data →Related Datasets
Sources: National Bureau of Statistics (NBS) Statistical Communiqué 2025, General Administration of Customs (GACC) annual report, People's Bank of China (PBOC).