China’s Distribution of GDP: Services, Agriculture &

Industry

The gross domestic product (GDP) serves as a primary indicator to measure the economic
performance of a country or a region. It is generally defined as the monetary value of all finished
goods and services produced within a country in a specific period of time. It includes all of
private and public spending, government spending, investments, and net exports which are
calculated as total exports minus imports. In other words, GDP represents the size of the
economy.
In 2019, the agricultural sector had contributed around 7.1 percent to the GDP of China, whereas
39.0 percent of the economic value added had originated from the industry and 53.9 percent from
the service sector, respectively.

When compared to other developed countries, the proportion of agriculture and industry in

China’s GDP are significantly higher. Even though agriculture is a major industry in the United
States, it had only accounted for about one percent of the economy as of 2017. While the service
sector contributed to more than 70 percent of the economy in most developed countries, the
development of the tertiary sector in China has been constrained by the country’s focus on
manufacturing industry.
China’s Invisible Trade

 In 2018, China's service trade deficit (also called invisible trade deficit) reached around 292
billion U.S. dollars. The invisible trade balance includes sales and purchases of services such as
transportation services, insurance services, consulting services, and tourism. A negative trade
balance value indicates that imports exceeded exports that year.

References:

https://www.statista.com/statistics/236007/chinas-invisible-trade-balance/
https://www.statista.com/statistics/270325/distribution-of-gross-domestic-product-gdp-across-
economic-sectors-in-china/