Skip to content

Economy of China vs Qatar compared: GDP & Debt

Updated on by Georank team

China has a GDP of $18.7T compared to $219B for Qatar, ranking 2/197 and 56/197 by economy size, respectively.

China has $16.6T in government debt (88.3% of GDP), compared to $90.2B (41.2% of GDP) in Qatar.

China vs Qatar GDP by year

China
Qatar
1x
Year GDP, current $
China Qatar
2024 $18,743,803,170,827 $219,162,637,363
2023 $18,270,356,654,533 $217,308,516,484
2022 $18,316,765,021,690 $235,709,340,659
2021 $18,201,698,719,564 $179,732,142,857
2020 $14,996,414,166,715 $144,411,538,462
2019 $14,560,167,101,283 $176,371,428,571
2018 $14,147,765,772,964 $183,335,164,835
2017 $12,537,559,062,283 $161,099,175,824
2016 $11,456,024,084,962 $151,732,142,857
2015 $11,280,814,787,469 $161,739,835,165
2014 $10,674,533,168,257 $206,224,725,275
2013 $9,743,124,247,267 $198,727,747,253
2012 $8,673,664,713,189 $186,833,516,484
2011 $7,671,757,207,851 $167,775,274,725
2010 $6,192,564,874,453 $123,627,197,802
2009 $5,189,577,094,998 $97,798,351,648
2008 $4,667,346,414,522 $115,270,054,945
2007 $3,604,055,822,572 $79,712,087,912
2006 $2,791,498,472,804 $60,882,142,857
2005 $2,317,551,298,052 $44,530,494,505
2004 $1,984,196,551,300 $31,734,065,934
2003 $1,683,903,309,844 $23,533,791,209
2002 $1,489,821,682,051 $19,363,736,264
2001 $1,355,036,590,252 $17,538,461,538
2000 $1,223,754,919,971 $17,759,890,110
1999 $1,103,843,203,576 $12,393,131,868
1998 $1,037,134,141,760 $10,255,495,027
1997 $967,753,570,435 $11,297,802,115
1996 $868,523,936,530 $9,059,340,385
1995 $738,190,896,228 $8,137,911,978
1994 $566,929,539,493 $7,374,450,769
1993 $446,557,291,212 $7,156,593,654
1992 $428,502,354,788 $7,646,153,984
1991 $384,510,452,962 $6,883,516,484
1990 $361,560,229,446 $7,360,439,423
1989 $348,380,566,802 $6,487,912,088
1988 $312,888,888,889 $6,038,187,033
1987 $273,455,156,951 $5,446,428,681
1986 $301,310,144,928 $5,053,021,951
1985 $310,064,625,850 $6,153,296,456
1984 $260,442,857,143 $6,704,395,824
1983 $231,130,268,199 $6,467,582,308
1982 $205,480,916,031 $7,596,703,214
1981 $196,218,253,968 $8,661,263,764
1980 $191,487,500,000 $7,829,165,262
1979 $178,573,913,043 $5,632,962,997
1978 $149,788,617,886 $4,052,000,413
1977 $175,226,595,860 $3,617,564,638
1976 $154,196,810,059 $3,284,273,987
1975 $163,687,619,736 $2,512,773,166
1974 $144,418,433,058 $2,401,403,227
1973 $138,764,340,892 $793,885,560
1972 $113,871,930,714 $510,262,500
1971 $99,959,013,880 $387,703,106
1970 $92,752,930,873 $301,791,302
1969 $79,847,786,729 -
1968 $70,980,323,819 -
1967 $73,011,350,596 -
1966 $76,854,053,259 -
1965 $70,565,994,356 -
1964 $59,821,862,703 -
1963 $50,812,227,919 -
1962 $47,310,737,754 -
1961 $50,162,299,350 -
1960 $59,846,235,025 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/china/qatar | CC BY

GDP per capita in China vs Qatar by year

China
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
1x
Year Current $
China Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $13,303 $27,105 $76,689 $126,046
2023 $12,951 $25,179 $81,817 $129,368
2022 $12,971 $23,032 $88,701 $122,921
2021 $12,887 $20,843 $71,752 $116,833
2020 $10,627 $18,267 $51,684 $82,149
2019 $10,343 $17,601 $66,841 $107,503
2018 $10,086 $16,298 $71,040 $110,033
2017 $8,980 $15,022 $63,280 $99,358
2016 $8,255 $14,157 $61,254 $89,935
2015 $8,175 $13,463 $68,985 $102,546
2014 $7,781 $12,942 $95,841 $148,389
2013 $7,147 $12,228 $103,697 $169,203
2012 $6,405 $11,420 $108,470 $180,939
2011 $5,704 $10,457 $103,262 $174,620
2010 $4,629 $9,411 $76,463 $151,646
2009 $3,898 $8,448 $60,786 $125,898
2008 $3,523 $7,713 $80,781 $126,015
2007 $2,735 $6,935 $65,954 $124,056
2006 $2,129 $5,946 $62,582 $127,181
2005 $1,778 $5,148 $53,950 $115,250
2004 $1,531 $4,505 $41,036 $110,958
2003 $1,307 $4,007 $31,602 $94,120
2002 $1,164 $3,591 $27,227 $93,177
2001 $1,065 $3,258 $25,871 $89,805
2000 $969 $2,964 $27,535 $88,849
1999 $881 $2,690 $20,234 $84,690
1998 $835 $2,483 $17,665 $84,486
1997 $787 $2,297 $20,523 $79,219
1996 $713 $2,088 $17,125 $62,331
1995 $613 $1,884 $15,823 $60,321
1994 $476 $1,680 $14,765 $59,415
1993 $379 $1,471 $14,770 $59,125
1992 $368 $1,276 $16,280 $60,387
1991 $334 $1,105 $15,133 $54,759
1990 $319 $991 $16,722 $55,659
1989 $311 - $15,243 -
1988 $284 - $14,682 -
1987 $252.3 - $13,719 -
1986 $282.4 - $13,213 -
1985 $295 - $16,815 -
1984 $251.2 - $19,272 -
1983 $225.9 - $19,616 -
1982 $203.7 - $24,385 -
1981 $197.4 - $29,505 -
1980 $195.1 - $28,375 -
1979 $184.3 - $21,777 -
1978 $156.7 - $16,757 -
1977 $185.7 - $16,058 -
1976 $165.7 - $15,710 -
1975 $178.6 - $13,014 -
1974 $160.4 - $13,540 -
1973 $157.3 - $4,905 -
1972 $132.1 - $3,483 -
1971 $118.8 - $2,952 -
1970 $113.3 - $2,594 -
1969 $100.3 - - -
1968 $91.6 - - -
1967 $96.8 - - -
1966 $104.5 - - -
1965 $98.7 - - -
1964 $85.7 - - -
1963 $74.5 - - -
1962 $71.1 - - -
1961 $76 - - -
1960 $89.7 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/china/qatar | CC BY

China's GDP per capita is $13,303, ranking 76/197, compared to $76,689 in Qatar, ranking 11/197. Adjusted for purchasing power (GDP per capita PPP), China ranks 77th at $27,105, while Qatar ranks 5th at $126,046.

Economic indicators

China Qatar
Gross domestic product
$18.7T
2024
$219B
2024
GDP rank
2/197
2024
56/197
2024
GDP growth
4.98%
2023-2024
2.36%
2023-2024
GDP per capita
$13,303
2024
$76,689
2024
GDP per capita rank
76/197
2024
11/197
2024
GDP per capita, PPP
$27,105
2024
$126,046
2024
GDP per capita PPP rank
77/197
2024
5/197
2024
Government debt
$16.6T
2024
$90.2B
2024
Debt-to-GDP ratio
88.3%
2024
41.2%
2024
Government debt per person
$11,749
2024
$31,579
2024
Government debt per person rank
47/185
2024
23/185
2024
Average annual personal income after taxes
$9,826
2026
$35,660
2026
Market capitalization of domestic companies
$11.8T
2024
$170M
2024
Number of millionaires
6,327,000
2025
26,163
2025
Number of billionaires
450
2025
2
2025
Income share by richest 10%
28.4%
2022
25.8%
2017
Income share by poorest 10%
3.1%
2022
2.6%
2017
Government expenditure, % of GDP
32.9%
2024
26%
2024
Consumer prices inflation
0.2%
2023-2024
1.27%
2023-2024
Central bank interest rate
3.1%
2024
4.1%
2025
Unemployment rate
5.11%
2021
0.13%
2022
Population
1402578808
2999260

Spending and national debt comparison by year

China
Spending

Debt
Qatar
Spending

Debt
1x
Year % of GDP
China Qatar
Government spending Government debt Government spending Government debt
2024 32.9% 88.3% 26% 41.2%
2023 32.7% 82% 27.3% 43.7%
2022 32.6% 75.5% 24.3% 42.6%
2021 31.9% 70.1% 29.4% 58.4%
2020 34.8% 69% 34.7% 72.6%
2019 33.6% 59.4% 32.5% 62.1%
2018 32.6% 55.6% 28.9% 52.2%
2017 32% 53.9% 34.7% 51.6%
2016 31.7% 49.7% 40.1% 46.7%
2015 31% 40.8% 38.6% 35.5%
2014 28.4% 39.3% 32.3% 24.9%
2013 28.1% 36.4% 28.3% 30.9%
2012 27.7% 33.8% 31% 32.1%
2011 26.6% 33.2% 28.5% 33.5%
2010 24.7% 33.3% 32% 30.4%
2009 25.2% 34% 36.4% 36%
2008 22.2% 26.7% 23.5% 11.4%
2007 17.9% 28.7% 29.5% 9.37%
2006 18.1% 25.2% 29.5% 13.9%
2005 18% 25.9% 29% 19.1%
2004 17.6% 26% 29.9% 30.1%
2003 18% 26.4% 28.5% 38.8%
2002 18.2% 25.6% 31.6% 47.7%
2001 17.2% 24.3% 32.1% 59.2%
2000 16.1% 22.7% 29.8% 51.6%
1999 14.9% 21.6% 42.4% 81.8%
1998 12.6% 20.4% 55.1% 76.6%
1997 11.5% 20.4% 47.6% 54.4%
1996 11% 21.2% 55.2% 57.8%
1995 11.1% 21.4% 52.2% 50.2%
1994 12.4% - 59.8% 54.8%
1993 13.4% - 62.8% 46.3%
1992 14.6% - 54.2% 19.9%
1991 16.5% - 57.5% 21.8%
1990 18.2% - 50% 12.6%
1989 18.6% - - -
1988 20.9% 4.46% - -
1987 23.4% 3.6% - -
1986 25.6% 3.24% - -
1985 25.8% 3.31% - -
1984 26.9% 0.97% - -
1983 28.3% - - -
1982 27.9% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

GeoRank.org/economy/china/qatar | CC BY

In 2024, China's government spending was $6.18T, accounting for 32.9% of its GDP, while Qatar spent $56.9B, or 26% of GDP.

Debt-to-GDP ratio is 88.3% in China and 41.2% in Qatar, ranking 34/185 and 130/185, respectively.

Government deficit by year

Deficit/surplus
China

Qatar
1x
Year Deficit/surplus, % of GDP
China Qatar
2024 -7.34% 0.69%
2023 -6.71% 5.56%
2022 -7.32% 10.4%
2021 -5.9% 0.24%
2020 -9.56% -2.13%
2019 -6% 1%
2018 -4.2% 2.26%
2017 -3.34% -6.82%
2016 -3.33% -9.2%
2015 -2.5% 18.4%
2014 -0.67% 13.4%
2013 -0.82% 19.3%
2012 -0.3% 8.55%
2011 -0.1% 5.24%
2010 -0.36% 4.6%
2009 -1.72% 14.1%
2008 -0.02% 9.49%
2007 0.06% 10.3%
2006 -1.13% 8.39%
2005 -1.38% 9.8%
2004 -1.49% 17.7%
2003 -2.36% 6.71%
2002 -2.84% 7.89%
2001 -2.56% 4.48%
2000 -2.81% 4.62%
1999 -2.3% -4.35%
1998 -1.08% -7%
1997 -0.73% -9.4%
1996 -0.73% -8.73%
1995 -0.94% -5.78%
1994 -1.68% -11.8%
1993 -0.89% -9.53%
1992 -1.22% -2.74%
1991 -1.04% -2.57%
1990 -0.72% 3.23%
1989 -0.91% -
1988 -2.22% -
1987 -2.08% -
1986 -1.82% -
1985 -0.45% -
1984 -1.44% -
1983 -1.61% -
1982 -1.33% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

GeoRank.org/economy/china/qatar | CC BY

In 2024, China's government deficit, the difference between spending and revenue, was $1.38T, equivalent to 7.34% of GDP. This compares to Qatar's surplus of $1.52B, or 0.69% of GDP.

Over the past 35 years, China recorded a fiscal deficit in 34 of those years, while Qatar ran a deficit in 12 years. On average, China posted an annual deficit equal to 2.46% of GDP, compared to surplus of 3.04% of GDP for Qatar.

Inflation comparison by year

Inflation
China

Qatar
1x
Year Consumer prices inflation
China Qatar
2024 0.2% 1.27%
2023 0.2% 3.03%
2022 2% 5%
2021 0.9% 2.3%
2020 2.5% -2.54%
2019 2.9% -0.67%
2018 2.1% 0.26%
2017 1.6% 0.39%
2016 2% 2.68%
2015 1.5% 1.81%
2014 2% 3.35%
2013 2.7% 3.22%
2012 2.6% 2.32%
2011 5.4% 1.14%
2010 3.3% -2.43%
2009 -0.7% -4.86%
2008 5.9% 15.1%
2007 4.7% 13.8%
2006 1.5% 11.8%
2005 1.8% 8.81%
2004 3.9% 6.8%
2003 1.1% 2.26%
2002 -0.8% 0.24%
2001 0.7% 1.47%
2000 0.4% 1.65%
1999 -1.4% 2.18%
1998 -0.8% 2.95%
1997 2.8% 4.83%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/china/qatar | CC BY

Over the past 28 years, China has recorded an average annual inflation rate of 1.82%, compared with 3.15% in Qatar. In 2024, inflation was 0.2% in China and 1.27% in Qatar.

Top exports between countries

China
Export category Export value
Machinery & equipment $1.8B
Metals $735M
Textiles & consumer goods $714M
Raw materials & minerals $327M
Chemicals & pharma $235M
Miscellaneous $174M
Wood & paper products $112M
Raw agricultural goods $36.6M
Processed food, beverages & tobacco $14.7M
Precious metals & jewellery $11.5M
Qatar
Export category Export value
Raw materials & minerals $18.5B
Chemicals & pharma $618M
Metals $120M
Machinery & equipment $25.3M
Textiles & consumer goods $2.03M
Precious metals & jewellery $659K
Weapons & explosives $231K
Miscellaneous $227K
Processed food, beverages & tobacco $197K
Wood & paper products $69K

Balance of trade

China Qatar
Current account balance
$424B
2024
$37.9B
2024
Current account balance ranking
1/190
2024
16/190
2024
Current account balance, % of GDP
+2.26%
2024
+17.3%
2024
Goods imports
$2.64T
2024
$32.6B
2024
Goods exports
$3.41T
2024
$95B
2024
Service imports
$613B
2024
$37.1B
2024
Service exports
$384B
2024
$30.2B
2024
Imports of goods and services, % of GDP
17.2%
2024
31.6%
2022
Exports of goods and services, % of GDP
20%
2024
68.6%
2022

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

China Qatar
Economic freedom 48.3 70.2
Economic freedom ranking 170/197 37/197
Property rights 40.9 66.2
Government integrity 42.3 53.5
Judicial effectiveness 38.6 41.5
Tax burden 69.3 99.9
Government spending 67.8 79.9
Fiscal health 4.4 96.6
Business freedom 68.7 68
Labor freedom 57.9 58.5
Monetary freedom 76.1 76
Trade freedom 73.4 81.8
Investment freedom 20 60
Financial freedom 20 60

Economic freedom comparison by year

China
Qatar
1x
Year Economic freedom index
China Qatar
2026 48.3 70.2
2025 49 70.2
2024 48.5 68.8
2023 48.3 68.6
2022 48 67.7
2021 58.4 72
2020 59.5 72.3
2019 58.4 72.6
2018 57.8 72.6
2017 57.4 73.1
2016 52 70.7
2015 52.7 70.8
2014 52.5 71.2
2013 51.9 71.3
2012 51.2 71.3
2011 52 70.5
2010 51 69
2009 53.2 65.8
2008 53.1 62.2
2007 52 62.9
2006 53.6 62.4
2005 53.7 63.5
2004 52.5 66.5
2003 52.6 65.9
2002 52.8 61.9
2001 52.6 60
2000 56.4 62
1999 54.8 62
1998 53.1 -
1997 51.7 -
1996 51.3 -
1995 52 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/china/qatar | CC BY

The Economic Freedom Index for China is 48.3, ranking 170/197, compared to 70.2 for Qatar, ranking 37/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

China Qatar
Services, % of GDP
56.7%
2024
46.1%
2024
Industry, % of GDP
36.5%
2024
58.2%
2024
Agriculture, forestry, and fishing, % of GDP
6.78%
2024
0.29%
2024
GNI, Atlas method
$19.3T
2024
$221B
2024
GNI per capita, PPP
$26,920
2024
$121,900
2024
Total reserves including gold
$3.46T
2024
$54B
2024
Total reserves ranking
1/177
2024
40/177
2024
Net foreign direct investment
$154B
2024
$1.1B
2024
Net inflows of foreign direct investment
$18.6B
2024
$460M
2024
Net outflows of foreign direct investment
$172B
2024
$1.56B
2024
Servicing debt to the IMF, % of GNI
1.89%
2024
n/a
Poverty at national poverty lines
0%
2020
n/a
Gross capital formation, % of GDP
40.6%
2024
30.6%
2022

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/china/qatar | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.