China's Economic Output Now Nearly Equals Combined GDP of World's Third to Seventh Largest Economies

China's total economic output has reached a level close to the combined gross domestic product of the world's third to seventh largest economies, according to a recent report.

Over the past five years, China has been the single largest contributor to global economic growth and the most significant stabilising force in the world economy.

The report outlines that during the latest five-year plan period, China's GDP achieved four consecutive annual milestones, surpassing thresholds of 110 trillion yuan, 120 trillion yuan, 130 trillion yuan, and 140 trillion yuan.

The cumulative increase in economic size over this period exceeded 36 trillion yuan, an amount equivalent to the total annual economic output of the world's third-largest economy.

In 2025, China's total economic volume reached 140.2 trillion yuan, nearing the sum of the GDP figures for the world's third through seventh largest economies.

In terms of growth rate, the Chinese economy expanded at an average annual pace of 5.4% during the five-year period.

This growth significantly outpaced the global average of approximately 3.7%, placing China among the top performers among major world economies.

China's per capita GDP rose from $10,632 in 2020 to $13,953 in 2025, maintaining a level above $13,000 for three consecutive years.

Referencing World Bank data, the report noted that China's per capita Gross National Income reached $12,220 in 2021, exceeding the global average for the first time by a margin of $25.9.

By 2024, China's per capita GNI had grown to $13,660, representing a 27.2% increase from 2020.

In the World Bank's ranking of economies by per capita GNI for 2024, China occupied the 76th position out of 201 economies, securing the top spot among upper-middle-income countries.

Furthermore, China's contribution to global economic growth exceeded 30% in both 2023 and 2024, reaching 33.7% and 32.5% respectively.

Based on a projected global economic growth rate of 2.7%, China's contribution to world economic expansion is estimated to have reached 35.5% in 2025.