Chinese Economy Takes 12.32 of World Total in 2013

9/29/2014 9:29:48 PM

(MENAFN- Qatar News Agency) Beijing September 29 (QNA) - The Chinese economy comprised about 12.3% of the world total in 2013 according to the National Bureau of Statistics (NBS) on Sunday.

China's GDP was 56.9 trillion yuan (9.32 trillion US dollars) in 2013. GDP per capita was 41908 yuan. These indicate remarkable progresses from 1952 when GDP was 67.9 billion yuan and GDP per capita was 119 yuan.

From 1953 to 2013 China's GDP increased 122 times at comparable prices with annual average growth of 8.2%.

The service sector has been growing remarkably. In 1952 agriculture took about 51% of the total economy followed by the service sector with about 28% and industry at 21%.

In 1978 the industrial sector had grown to 48% followed by agriculture with about 28% and services on 24%.

In 2013 the service sector took the largest share for the first time accounting for about 46%. (QNA)

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