China revises 2021 GDP growth up to 8.4pc from 8.1pc
Last updated on: 27 December,2022 11:50 am
China revises 2021 GDP growth up to 8.4pc from 8.1pc
BEIJING (REUTERS) - China has revised up its estimate of 2021 gross domestic product (GDP) growth to 8.4 per cent from 8.1pc previously, the National Bureau of Statistics said on Tuesday.
China routinely revises its annual GDP data.
The size of GDP was also revised, to 114.92 trillion yuan ($16.51 trillion) from 114.37 trillion yuan, the statistics bureau said in a statement on its website.
Final data from the bureau shows the services sector, accounting for 53% of China’s GDP, was 8.5% larger in 2021 than a year earlier.
In the bureau’s initial estimates, the sector had expanded 8.2%.
The secondary sector - manufacturing and construction, which accounted for 39% of GDP - grew 8.7% in 2021.
That compared with the bureau’s initial estimate of an 8.2% increase.
The economy, the world’s second-largest, grew 3% in the first nine months of 2022.