HomeNewsWorldChina revises up nominal 2018 GDP, says won't impact 2019 growth calculation

China revises up nominal 2018 GDP, says won't impact 2019 growth calculation

The revisions showed that the services sector contributed more to GDP in 2018 than the original data had indicated, the National Bureau of Statistics said in a statement.

November 22, 2019 / 08:17 IST
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China on Friday revised up its nominal 2018 gross domestic product (GDP) by 2.1% to 91.93 trillion yuan ($13.08 trillion), keeping it on track to achieving its goal of doubling the size of its economy by 2020 from 2010.

The revisions showed that the services sector contributed more to GDP in 2018 than the original data had indicated, the National Bureau of Statistics said in a statement.

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The change in the size of 2018 GDP will not significantly influence the calculation for the 2019 growth rate, the statistics bureau said.

The world's second-biggest economy is growing at its slowest pace in almost three decades, pressured in part by a trade war with the United States.