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What was the main driver of China's GDP revision announced in December 2024?
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Official report from China's National Bureau of Statistics
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China Revises 2023 GDP to 129.4 Trillion Yuan ($17.73 Trillion), Up 3.4 Trillion Yuan, or 2.7%, on December 26
Dec 26, 2024, 07:58 AM
China's National Bureau of Statistics has revised its 2023 GDP to 129.4 trillion yuan ($17.73 trillion), reflecting an increase of 3.4 trillion yuan, or 2.7%, from the previous estimate. This revision was announced on December 26, 2024, and is based on the results of the fifth National Economic Census. The Deputy Director of the Statistics Bureau indicated that this revision is not expected to significantly impact the GDP growth for 2024. Additionally, the Bureau plans to revise regional GDP numbers in light of the new data.
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