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Economy of China vs Ukraine compared: GDP & Debt

Updated on by Georank

China has a GDP of $19.5T compared to $214B for Ukraine, ranking 2/197 and 57/197 by economy size, respectively.

China has $19.3T in government debt (99.2% of GDP), compared to $233B (108.7% of GDP) in Ukraine.

China vs Ukraine GDP by year

China
Ukraine
1x
Year GDP, current $
China Ukraine
2025 $19,498,039,388,043 $214,233,312,784
2024 $18,729,668,435,848 $190,833,835,445
2023 $18,270,356,654,533 $181,221,517,869
2022 $18,316,765,021,690 $161,989,520,721
2021 $18,201,698,719,564 $199,765,859,571
2020 $14,996,414,166,715 $156,617,722,013
2019 $14,560,167,101,283 $153,883,047,510
2018 $14,147,765,772,964 $130,891,088,294
2017 $12,537,559,062,283 $112,090,505,082
2016 $11,456,024,084,962 $93,355,869,404
2015 $11,280,814,787,469 $91,030,967,789
2014 $10,674,533,168,257 $133,503,871,862
2013 $9,743,124,247,267 $190,498,811,460
2012 $8,673,664,713,189 $182,591,753,828
2011 $7,671,757,207,851 $169,333,835,202
2010 $6,192,564,874,453 $141,209,170,427
2009 $5,189,577,094,998 $121,552,153,444
2008 $4,667,346,414,522 $188,110,390,660
2007 $3,604,055,822,572 $148,733,861,386
2006 $2,791,498,472,804 $111,884,752,475
2005 $2,317,551,298,052 $89,238,865,119
2004 $1,984,196,551,300 $67,220,154,164
2003 $1,683,903,309,844 $52,010,355,753
2002 $1,489,821,682,051 $43,956,163,612
2001 $1,355,036,590,252 $39,309,580,983
2000 $1,223,754,919,971 $32,375,083,935
1999 $1,103,843,203,576 $31,580,639,554
1998 $1,037,134,141,760 $41,882,523,345
1997 $967,753,570,435 $50,151,531,592
1996 $868,523,936,530 $44,558,831,005
1995 $738,190,896,228 $48,213,856,469
1994 $566,929,539,493 $52,549,580,265
1993 $446,557,291,212 $65,648,559,903
1992 $428,502,354,788 $73,945,908,384
1991 $384,510,452,962 $77,350,733,982
1990 $361,560,229,446 $81,393,558,423
1989 $348,380,566,802 $82,709,161,099
1988 $312,888,888,889 $74,703,517,903
1987 $273,455,156,951 $64,087,694,038
1986 $301,310,144,928 -
1985 $310,064,625,850 -
1984 $260,442,857,143 -
1983 $231,130,268,199 -
1982 $205,480,916,031 -
1981 $196,218,253,968 -
1980 $191,487,500,000 -
1979 $178,573,913,043 -
1978 $149,788,617,886 -
1977 $175,226,595,860 -
1976 $154,196,810,059 -
1975 $163,687,619,736 -
1974 $144,418,433,058 -
1973 $138,764,340,892 -
1972 $113,871,930,714 -
1971 $99,959,013,880 -
1970 $92,752,930,873 -
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in China vs Ukraine by year

China
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
China Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $13,862 - $5,496 -
2024 $13,293 $27,105 $5,040 $18,549
2023 $12,951 $25,179 $4,803 $17,665
2022 $12,971 $23,032 $3,946 $14,770
2021 $12,887 $20,843 $4,510 $17,846
2020 $10,627 $18,267 $3,505 $15,541
2019 $10,343 $17,601 $3,423 $14,217
2018 $10,086 $16,298 $2,895 $12,555
2017 $8,980 $15,022 $2,467 $11,536
2016 $8,255 $14,157 $2,047 $10,865
2015 $8,175 $13,463 $1,988 $9,922
2014 $7,781 $12,942 $2,904 $10,494
2013 $7,147 $12,228 $4,130 $10,904
2012 $6,405 $11,420 $3,951 $9,552
2011 $5,704 $10,457 $3,657 $9,127
2010 $4,629 $9,411 $3,040 $8,453
2009 $3,898 $8,448 $2,607 $7,995
2008 $3,523 $7,713 $4,018 $9,324
2007 $2,735 $6,935 $3,160 $8,900
2006 $2,129 $5,946 $2,366 $7,971
2005 $1,778 $5,148 $1,875 $7,142
2004 $1,531 $4,505 $1,401 $6,663
2003 $1,307 $4,007 $1,076 $5,764
2002 $1,164 $3,591 $903 $5,123
2001 $1,065 $3,258 $800 $4,747
2000 $969 $2,964 $653 $4,228
1999 $881 $2,690 $632 $3,871
1998 $835 $2,483 $831 $3,794
1997 $787 $2,297 $987 $3,794
1996 $713 $2,088 $870 $3,812
1995 $613 $1,884 $933 $4,124
1994 $476 $1,680 $1,009 $4,565
1993 $379 $1,471 $1,254 $5,766
1992 $368 $1,276 $1,413 $6,568
1991 $334 $1,105 $1,483 $7,148
1990 $319 $991 $1,564 $7,591
1989 $311 - $1,593 -
1988 $284 - $1,444 -
1987 $252.3 - $1,244 -
1986 $282.4 - - -
1985 $295 - - -
1984 $251.2 - - -
1983 $225.9 - - -
1982 $203.7 - - -
1981 $197.4 - - -
1980 $195.1 - - -
1979 $184.3 - - -
1978 $156.7 - - -
1977 $185.7 - - -
1976 $165.7 - - -
1975 $178.6 - - -
1974 $160.4 - - -
1973 $157.3 - - -
1972 $132.1 - - -
1971 $118.8 - - -
1970 $113.3 - - -
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 (1960–2025, retrieved 2026-07-08).

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

China's GDP per capita is $13,862, ranking 77/197, compared to $5,496 in Ukraine, ranking 118/197. Adjusted for purchasing power (GDP per capita PPP), China ranks 77th at $27,105, while Ukraine ranks 101st at $18,549.

Economic indicators

China Ukraine
Gross domestic product
$19.5T
2025
$214B
2025
GDP rank
2/197
2025
57/197
2025
GDP growth
4.96%
2024-2025
1.82%
2024-2025
GDP per capita
$13,862
2025
$5,496
2025
GDP per capita rank
77/197
2025
118/197
2025
GDP per capita, PPP
$27,105
2024
$18,549
2024
GDP per capita PPP rank
77/197
2024
101/197
2024
Government debt
$19.3T
2025
$233B
2025
Debt-to-GDP ratio
99.2%
2025
108.7%
2025
Government debt per person
$13,756
2025
$5,977
2025
Government debt per person rank
47/185
2025
76/185
2025
Average annual personal income after taxes
$10,414
2026
$5,580
2026
Market capitalization of domestic companies
$15.5T
2025
$4.42B
2018
Number of millionaires
5,305,000
2026
n/a
Number of billionaires
539
2026
7
2026
Income share by richest 10%
28.4%
2022
21.7%
2020
Income share by poorest 10%
3.1%
2022
4.3%
2020
Government expenditure, % of GDP
32.9%
2025
74.5%
2025
Consumer prices inflation
0%
2024-2025
12.7%
2024-2025
Central bank interest rate
3%
2025
15.5%
2025
Unemployment rate
4.57%
2022
9.83%
2021
Population
1403335670
40408451

Spending and national debt comparison by year

China
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
China Ukraine
Government spending Government debt Government spending Government debt
2025 32.9% 99.2% 74.5% 108.7%
2024 32.9% 90.4% 71.2% 89.7%
2023 32.7% 84.1% 73.4% 81.2%
2022 32.6% 77.3% 65.4% 77.7%
2021 31.9% 72.1% 40.5% 48.9%
2020 34.8% 70.1% 45.6% 60.5%
2019 33.6% 59.8% 41.5% 50.5%
2018 32.6% 55.9% 41.9% 60.4%
2017 32% 53.9% 41.7% 71.6%
2016 31.7% 50% 40.8% 79.5%
2015 31% 40.8% 43% 79.3%
2014 28.4% 39.3% 44.8% 70.3%
2013 28.1% 36.4% 46.3% 39%
2012 27.7% 33.8% 47.1% 36.1%
2011 26.6% 33.2% 44% 35.5%
2010 24.7% 33.3% 47.3% 39.1%
2009 25.2% 34% 46.8% 34.1%
2008 22.2% 26.7% 45.4% 19.7%
2007 17.9% 28.7% 42.1% 11.8%
2006 18.1% 25.2% 42.9% 14.3%
2005 18% 25.9% 42.6% 17.1%
2004 17.6% 26% 40.1% 23.9%
2003 18% 26.4% 37.5% 28.3%
2002 18.2% 25.6% 36.5% 32.3%
2001 17.2% 24.3% 35.3% 35.3%
2000 16.1% 22.7% 35.4% 43.7%
1999 14.9% 21.6% 26.7% 61%
1998 12.6% 20.4% 38.4% 48.1%
1997 11.5% 20.4% 42.2% 29.9%
1996 11% 21.2% 38.2% 24.4%
1995 11.1% 21.4% 42.7% 30.2%
1994 12.4% - - -
1993 13.4% - - -
1992 14.6% - - -
1991 16.5% - - -
1990 18.2% - - -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1996, retrieved 2026-07-08).

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

In 2025, China's government spending was $6.41T, accounting for 32.9% of its GDP, while Ukraine spent $160B, or 74.5% of GDP.

Debt-to-GDP ratio is 99.2% in China and 108.7% in Ukraine, ranking 26/185 and 16/185, respectively.

Government deficit by year

Deficit/surplus
China

Ukraine
1x
Year Deficit/surplus, % of GDP
China Ukraine
2025 -7.87% -23.3%
2024 -7.11% -17.2%
2023 -6.71% -19.3%
2022 -7.32% -15.6%
2021 -5.9% -3.97%
2020 -9.56% -5.92%
2019 -6% -2.08%
2018 -4.2% -2.12%
2017 -3.34% -2.36%
2016 -3.33% -2.46%
2015 -2.5% -1.16%
2014 -0.67% -4.46%
2013 -0.82% -4.6%
2012 -0.3% -4.15%
2011 -0.1% -2.66%
2010 -0.36% -5.56%
2009 -1.72% -6.04%
2008 -0.02% -3.02%
2007 0.06% -1.89%
2006 -1.13% -1.31%
2005 -1.38% -2.19%
2004 -1.49% -4.25%
2003 -2.36% -0.86%
2002 -2.84% -1.77%
2001 -2.56% -2.92%
2000 -2.81% -3.18%
1999 -2.3% 5.12%
1998 -1.08% -2.78%
1997 -0.73% -5.56%
1996 -0.73% -3.2%
1995 -0.94% -4.88%
1994 -1.68% -
1993 -0.89% -
1992 -1.22% -
1991 -1.04% -
1990 -0.72% -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-07-08).

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

In 2025, China's government deficit, the difference between spending and revenue, was $1.53T, equivalent to 7.87% of GDP. This compares to Ukraine's deficit of $50B, or 23.3% of GDP.

Over the past 31 years, China recorded a fiscal deficit in 30 of those years, while Ukraine ran a deficit in 30 years. On average, China posted an annual deficit equal to 2.84% of GDP, compared to deficit of 5.02% of GDP for Ukraine.

Inflation comparison by year

Inflation
China

Ukraine
1x
Year Consumer prices inflation
China Ukraine
2025 0% 12.7%
2024 0.2% 6.5%
2023 0.2% 12.9%
2022 2% 20.2%
2021 0.9% 9.4%
2020 2.5% 2.7%
2019 2.9% 7.9%
2018 2.1% 10.9%
2017 1.6% 14.4%
2016 2% 13.9%
2015 1.4% 48.7%
2014 2% 12.1%
2013 2.6% -0.3%
2012 2.6% 0.6%
2011 5.4% 8%
2010 3.3% 9.4%
2009 -0.7% 15.9%
2008 5.8% 25.2%
2007 4.8% 12.8%
2006 1.5% 9.1%
2005 1.8% 13.5%
2004 3.9% 9%
2003 1.2% 5.2%
2002 -0.8% 0.8%
2001 0.7% 12%
2000 0.4% 28.2%
1999 -1.4% 22.7%
1998 -0.8% 10.6%
1997 2.8% 15.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, China has recorded an average annual inflation rate of 1.76%, compared with 12.8% in Ukraine. In 2025, inflation was 0% in China and 12.7% in Ukraine.

Top exports between countries

China
Export category Export value
Machinery & equipment $2.64B
Textiles & consumer goods $640M
Chemicals & pharma $488M
Metals $439M
Miscellaneous $341M
Raw materials & minerals $264M
Processed food, beverages & tobacco $114M
Raw agricultural goods $47.5M
Wood & paper products $41.1M
Animal & marine products $24M
Ukraine
Export category Export value
Raw materials & minerals $1.03B
Raw agricultural goods $784M
Processed food, beverages & tobacco $492M
Machinery & equipment $28.1M
Animal & marine products $26.8M
Wood & paper products $19.8M
Chemicals & pharma $8.86M
Metals $8.48M
Miscellaneous $1.52M
Textiles & consumer goods $1.1M

Balance of trade

China Ukraine
Current account balance
$735B
2025
-$15.2B
2024
Current account balance ranking
1/190
2025
180/190
2024
Current account balance, % of GDP
+3.77%
2025
-7.96%
2024
Goods imports
$2.69T
2025
$72.3B
2024
Goods exports
$3.75T
2025
$39.3B
2024
Service imports
$623B
2025
$23.1B
2024
Service exports
$385B
2025
$17.3B
2024
Imports of goods and services, % of GDP
16.9%
2025
51.8%
2025
Exports of goods and services, % of GDP
21.1%
2025
25.3%
2025

Economic freedom indices

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

China Ukraine
Economic freedom 48.3 54.1
Economic freedom ranking 170/197 135/197
Property rights 40.9 21.6
Government integrity 42.3 35
Judicial effectiveness 38.6 28.2
Tax burden 69.3 83.7
Government spending 67.8 0
Fiscal health 4.4 3.9
Business freedom 68.7 57.4
Labor freedom 57.9 46.9
Monetary freedom 76.1 65.7
Trade freedom 73.4 73
Investment freedom 20 35
Financial freedom 20 30

Economic freedom comparison by year

China
Ukraine
1x
Year Economic freedom index
China Ukraine
2026 48.3 -
2025 49 -
2024 48.5 -
2023 48.3 -
2022 48 54.1
2021 58.4 56.2
2020 59.5 54.9
2019 58.4 52.3
2018 57.8 51.9
2017 57.4 48.1
2016 52 46.8
2015 52.7 46.9
2014 52.5 49.3
2013 51.9 46.3
2012 51.2 46.1
2011 52 45.8
2010 51 46.4
2009 53.2 48.8
2008 53.1 51
2007 52 51.5
2006 53.6 54.4
2005 53.7 55.8
2004 52.5 53.7
2003 52.6 51.1
2002 52.8 48.2
2001 52.6 48.5
2000 56.4 47.8
1999 54.8 43.7
1998 53.1 40.4
1997 51.7 43.5
1996 51.3 40.6
1995 52 39.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for China is 48.3, ranking 170/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

China Ukraine
Services, % of GDP
57.7%
2025
61%
2025
Industry, % of GDP
35.6%
2025
17.9%
2025
Agriculture, forestry, and fishing, % of GDP
6.66%
2025
7.57%
2025
GNI, Atlas method
$20T
2025
$201B
2025
GNI per capita, PPP
$29,160
2025
$18,750
2025
Total reserves including gold
$3.75T
2025
$57.3B
2025
Total reserves ranking
1/177
2025
43/177
2025
Net foreign direct investment
$77.2B
2025
-$3.71B
2024
Net inflows of foreign direct investment
$42.6B
2024
$4.02B
2024
Net outflows of foreign direct investment
$192B
2024
$305M
2024
Servicing debt to the IMF, % of GNI
1.9%
2024
5.4%
2024
Poverty at national poverty lines
0%
2020
23.2%
2020
Gross capital formation, % of GDP
40.5%
2024
20.8%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1996, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.