China (2025)
24.7
% of GDP
-0.1pp YoY
YoY Change
-0.1pp
percentage points
Trend
down
Series length
22
years of data

Data

China Manufacturing Value Added (% of GDP) (2025) — source data. World Bank.
Year % of GDP YoY Change
2025 24.7 -0.1pp
2024 24.8 -0.2pp
2023 25 -1pp
2022 26 -0.6pp
2021 26.6 +1pp
2020 25.6 -0.7pp
2019 26.3 -1pp
2018 27.3 -0.3pp
2017 27.6 +0.1pp
2016 27.5 -0.9pp
2015 28.4 -1.4pp
2014 29.8 -0.3pp
2013 30.1 -0.9pp
2012 31 -0.6pp
2011 31.6 +0.5pp
2010 31.1 unchanged
2009 31.1 -0.5pp
2008 31.6 -0.3pp
2007 31.9 -0.1pp
2006 32 +0.3pp

About this Dataset

China's manufacturing sector contributed 24.7% of GDP in 2025, down 0.1 percentage points from 24.8% in 2024. That is the fourth consecutive annual decline, with the share falling every year since 2022, and it leaves the ratio 7.3 percentage points below the 32.0% peak recorded in 2006. Over the full 2004–2025 series the only interruption to the broader downward drift was 2021, when the share rose 1.0 percentage point before resuming its decline the following year.

A falling manufacturing share of GDP is routinely misread as deindustrialisation. In China's case the ratio has fallen for two decades even as manufacturing output has continued to grow in absolute terms — the share falls because services and other sectors of a maturing, richer economy tend to grow faster than manufacturing, not necessarily because factories are producing less. Reading the percentage alone, without the level of output behind it, will lead an analyst to the wrong conclusion.

This series measures manufacturing's share of China's own GDP, not China's share of world manufacturing output — a distinction worth stating plainly, since the two are frequently searched together and are not interchangeable. Key methodology points:

  • Unit: Manufacturing value added, current-year, as a percentage of GDP
  • Definition: Net output of the manufacturing sector after adding up outputs and subtracting intermediate inputs, per the UN System of National Accounts
  • Coverage: Annual, 2004–2025, 22 observations
  • Series code: World Bank NV.IND.MANF.ZS
  • Publisher: World Bank, sourced from national accounts data
  • Not the same as: China's share of global manufacturing value added, a separate cross-country comparison also published by bodies such as UNIDO using different valuation methodology; figures from that measure are not comparable to the percentages on this page

The trajectory has two distinct phases. From 2004 to roughly 2011 the ratio held in a narrow band around 31%, moving from 31.5% at the start of the series to 31.6% in 2011. From 2012 onward the decline became persistent and steep, falling from 31.0% to the current 24.7% over 13 years, a period that broadly coincides with China's stated push to rebalance growth away from investment and exports toward services and domestic consumption.

For an analyst, the level of the ratio matters less than its direction and pace. A steady multi-year decline of this kind is consistent with an economy shifting its GDP composition toward services and consumption, which Chinese policymakers have stated as a goal. It is a different signal from a sudden drop, which would more plausibly indicate a genuine contraction in industrial activity rather than a structural shift. Cross-referencing this series against China's household consumption share of GDP, the other side of the same rebalancing story, gives a fuller picture of whether that shift is actually taking hold.

Compare with: China Household Final Consumption (% of GDP) · China Population · China R&D Expenditure (% of GDP) · Germany Manufacturing Value Added (% of GDP) · United States Manufacturing Value Added (% of GDP) · Japan Manufacturing Value Added (% of GDP) · South Korea Manufacturing Value Added (% of GDP)

Frequently Asked Questions

China's manufacturing value added was 24.8% of GDP in 2024, a decline of 0.2 percentage points from 25.0% in 2023. That figure comes from the World Bank series NV.IND.MANF.ZS, which measures manufacturing value added (output minus intermediate inputs) as a share of gross domestic product. The 2024 reading was the third consecutive annual decline in the series, part of a longer downward drift that has run, with one interruption in 2021, since the ratio peaked at 32.0% in 2006. The most current figure in this dataset covers 2025, when the share fell further to 24.7%.

No. This series reports manufacturing value added as a percentage of China's own gross domestic product, published by the World Bank under series code NV.IND.MANF.ZS. China's share of global manufacturing output is a different measure, a cross-country comparison also published by bodies such as UNIDO, and it typically uses different valuation and aggregation methodology than a single-country GDP-share figure. A country can hold a large and growing share of world manufacturing output while its own manufacturing share of GDP falls, because the domestic ratio depends on how fast other sectors of that economy are growing, not on global market share. The two figures answer different questions and should not be substituted for one another.

China's manufacturing value added as a share of GDP peaked at 32.0% in 2006, the highest point in the 2004–2025 series. By 2025 it had fallen to 24.7%, a decline of 7.3 percentage points. The ratio held roughly steady through the mid-to-late 2000s before beginning a sustained descent from 2012 onward, interrupted only once, by a 1.0 percentage point rise in 2021. It is among the larger structural shifts this dataset tracks across major economies, and it has unfolded steadily rather than in a single sharp break.

No. This page reports manufacturing value added as a percentage of GDP, sourced from the World Bank (series NV.IND.MANF.ZS), not manufacturing value added in current US dollars. The two are related but move differently: a percentage-of-GDP figure can fall even while the underlying dollar value of manufacturing output rises, if the rest of the economy is growing faster. This dataset does not currently include the current-dollar series, so it cannot be used to size China's manufacturing sector in absolute terms — only to track its weight relative to the rest of the Chinese economy.

Not necessarily. As an economy grows richer, services and other sectors typically expand faster than manufacturing, which mechanically pulls manufacturing's share of GDP down even when manufacturing output keeps rising in absolute terms. China's ratio has fallen from 32.0% in 2006 to 24.7% in 2025, a trajectory that lines up with the period in which policymakers have stated a goal of rebalancing the economy toward consumption and services. Reading the percentage alone, without a measure of the underlying output level, risks the wrong conclusion — the ratio is a measure of economic composition, not of industrial output on its own.

The ratio has fallen in four of the last five years: down 0.6 percentage points in 2022, 1.0 point in 2023, 0.2 points in 2024, and 0.1 points in 2025. The sole exception was 2021, when the share rose 1.0 percentage point before resuming its decline the following year. Before that, the ratio held broadly flat through the 2000s, moving from 31.5% in 2004 to 31.6% in 2011, then began a steadier multi-year decline from 2012 onward. The recent pace of decline, roughly 0.1 to 1.0 percentage points a year, is milder than the sharper single-year moves seen earlier in the 2010s, such as the 1.4 point drop in 2015.

China's manufacturing value added held in a narrow band of roughly 31% to 32% of GDP from 2004 through 2011, moving from 31.5% at the start of the series to 31.6% in 2011 with a high of 32.0% in 2006. From 2012 the ratio began a more persistent decline, falling from 31.0% that year to 24.7% by 2025 — a drop of 6.3 percentage points over 13 years. The shift from a flat early period to a sustained decline broadly coincides with China's post-2012 push to rebalance growth away from investment and exports and toward domestic consumption and services.