China's income has grown dramatically since 1998, with its GDP increasing from approximately $1.03 trillion to over $17 trillion by 2023, and its GDP per capita rising from around $800 to over $12,600 during the same period. The nation's average annual wage has also increased significantly, though growth rates for income and wages have fluctuated over time and there have been changes in income inequality.
Key economic indicators
Gross Domestic Product (GDP): China's nominal GDP was about $1.03 trillion in 1998 and grew to over $17 trillion in 2023.
GDP per capita: The GDP per capita grew from roughly $800 in 1998 to over $12,600 in 2023.
Average annual wage: Average annual wages have seen a substantial increase, reaching 124,110.00 CNY in 2024, up from 445.00 CNY in 1952.