按照我国国内生产总值(GDP)核算和数据发布制度规定，年度GDP核算包括初步核算和最终核实两个步 骤。近日，根据国家统计局统计年报、财政部财政决算和有关部门年度财务资料等，国家统计局对2024 年GDP数据进行了最终核实，主要结果如下： 经最终核实，2024年，GDP现价总量为1348066亿元，比初步核算数减少1018亿元；按不变价格计算， 比上年增长5.0%，与初步核算数持平。三次产业和各行业数据见附表。 特此公告。 附件：1.2024年GDP最终核实数 2.中国GDP年度核算说明 | | 404519 | | --- | --- | | | 5.5 | | | 30.0 | | 制造业 | | 334881 | | 5.8 | | --- | --- | | 建筑业 | 24.8 | | | 88863 | | | 2.9 6.6 | | 批发和零售业 | | | | 139192 | | | 6.5 | | 交通运输、仓储和邮政业 | 10.3 | | | 59045 | | | 6.7 4.4 | | 住宿和餐饮业 | | | | 24894 | | | 7.0 | | 金融业 | 1.8 | | ...

Group 1 - The core viewpoint is that the apparent decline in China's GDP proportion relative to the US is misleading, as it is influenced by factors such as exchange rates, inflation, and differing statistical methods [1][3][5] - China's actual economic growth rate in 2023 is 5.2%, nearly double the US's 2.9%, yet the GDP proportion to the US has decreased due to currency depreciation and inflationary pressures in the US [3][11] - The US Federal Reserve's interest rate hikes have led to a depreciation of the RMB by over 10% from late 2021 to early 2024, directly impacting the GDP comparison between China and the US [5][6] Group 2 - By the end of 2023, China's GDP, when calculated at 2021 exchange rates, would exceed $20 trillion, resulting in a proportion of over 73% compared to the US, rather than the currently reported 64% [8] - The nominal GDP growth rate for the US in 2023 is approximately 6.3%, while China's nominal growth rate is 4.6%, leading to a situation where China's actual growth is higher than its nominal growth [11] - The US's high inflation has inflated its nominal GDP figures, creating a false sense of economic prosperity, while the actual purchasing power of American citizens is declining [11][13] Group 3 - The US GDP calculation includes non-productive elements such as "imputed rent" for owner-occupied housing, which contributes significantly to its GDP but does not reflect actual production [15] - The structure of demand in the US economy is heavily reliant on consumer spending, accounting for about 80%, while China's consumer spending contribution is only 53.5% [17] - In terms of real economic indicators, China's manufacturing output is 1.67 times that of the US, with its primary and secondary industries significantly outpacing the US [17]

Core Viewpoint - The article provides an overview of China's GDP accounting methods and preliminary results for the second quarter and first half of 2025, highlighting the importance of GDP as a key economic indicator and the methodologies used for its calculation [1][5]. Summary by Sections 1. GDP Accounting Overview - GDP is defined as the final result of production activities of all resident units in a country during a specific period, serving as a core indicator of national economic performance [5]. - There are three methods for GDP accounting: production method, income method, and expenditure method, each reflecting different aspects of economic activity [5]. 2. Accounting Scope - The production scope includes goods and services produced for other units, self-consumed goods, knowledge products for self-consumption, and housing services [6]. - The accounting subjects include all resident units within China's economic territory, excluding data from Hong Kong, Macau, and Taiwan [7]. 3. Accounting Frequency and Legal Basis - GDP is calculated quarterly, with a shift from cumulative to separate quarterly calculations starting from Q3 2015 [7][8]. - The accounting adheres to the Statistical Law of the People's Republic of China and follows the National Economic Accounting System [8]. 4. GDP Calculation Methods - The article details the classification system for GDP accounting, including the national economic industry classification and the three-sector classification [10]. - Various data sources are utilized for GDP calculation, including national statistical surveys and administrative records [11]. 5. Data Revision and Quality Assessment - The necessity for data revision is emphasized due to the preliminary nature of quarterly GDP estimates, which are later refined with more complete data [14]. - The quality of the underlying data and the methods used for GDP calculation are regularly evaluated to ensure accuracy and reliability [16][17]. 6. Data Publication - Preliminary GDP figures are typically released about 15 days after the end of the quarter, while final verified figures are published in January of the following year [19].