Skip to content

Economy of China vs United Arab Emirates compared: GDP & Debt

Updated on by Georank team

China has a GDP of $18.7T compared to $552B for the United Arab Emirates, ranking 2/197 and 27/197 by economy size, respectively.

China has $16.6T in government debt (88.3% of GDP), compared to $193B (34.9% of GDP) in the United Arab Emirates.

China vs United Arab Emirates GDP by year

China
United Arab Emirates
1x
Year GDP, current $
China UAE
2024 $18,743,803,170,827 $552,324,846,835
2023 $18,270,356,654,533 $522,622,191,967
2022 $18,316,765,021,690 $511,403,403,676
2021 $18,201,698,719,564 $422,441,388,700
2020 $14,996,414,166,715 $357,161,878,829
2019 $14,560,167,101,283 $433,926,208,305
2018 $14,147,765,772,964 $440,560,108,918
2017 $12,537,559,062,283 $403,365,010,211
2016 $11,456,024,084,962 $381,717,086,453
2015 $11,280,814,787,469 $381,973,042,886
2014 $10,674,533,168,257 $424,935,874,745
2013 $9,743,124,247,267 $409,632,675,289
2012 $8,673,664,713,189 $392,793,464,942
2011 $7,671,757,207,851 $368,881,143,635
2010 $6,192,564,874,453 $307,736,419,333
2009 $5,189,577,094,998 $253,547,358,747
2008 $4,667,346,414,522 $315,474,615,739
2007 $3,604,055,822,572 $257,916,133,424
2006 $2,791,498,472,804 $222,116,541,865
2005 $2,317,551,298,052 $180,617,467,965
2004 $1,984,196,551,300 $147,824,370,320
2003 $1,683,903,309,844 $124,346,358,067
2002 $1,489,821,682,051 $109,816,201,498
2001 $1,355,036,590,252 $103,311,640,572
2000 $1,223,754,919,971 $104,337,372,362
1999 $1,103,843,203,576 $84,445,473,111
1998 $1,037,134,141,760 $75,674,336,283
1997 $967,753,570,435 $78,839,008,445
1996 $868,523,936,530 $73,571,233,996
1995 $738,190,896,228 $65,743,666,576
1994 $566,929,539,493 $59,305,093,980
1993 $446,557,291,212 $55,625,170,253
1992 $428,502,354,788 $54,239,171,888
1991 $384,510,452,962 $51,552,165,622
1990 $361,560,229,446 $50,701,443,748
1989 $348,380,566,802 $41,464,995,914
1988 $312,888,888,889 $36,275,674,203
1987 $273,455,156,951 $36,384,908,744
1986 $301,310,144,928 $33,943,612,095
1985 $310,064,625,850 $40,603,650,232
1984 $260,442,857,143 $41,807,954,236
1983 $231,130,268,199 $42,803,323,345
1982 $205,480,916,031 $46,622,718,605
1981 $196,218,253,968 $49,333,424,135
1980 $191,487,500,000 $43,599,160,050
1979 $178,573,913,043 $31,225,659,621
1978 $149,788,617,886 $23,775,764,225
1977 $175,226,595,860 $24,871,775,165
1976 $154,196,810,059 $19,213,158,779
1975 $163,687,619,736 $14,720,728,249
1974 $144,418,433,058 $11,651,505,689
1973 $138,764,340,892 $4,231,243,616
1972 $113,871,930,714 $1,415,086,929
1971 $99,959,013,880 $939,893,600
1970 $92,752,930,873 $685,986,701
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/united-arab-emirates | CC BY

GDP per capita in China vs United Arab Emirates by year

China
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
China UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $13,303 $27,105 $50,274 $79,229
2023 $12,951 $25,179 $49,851 $77,955
2022 $12,971 $23,032 $50,760 $75,072
2021 $12,887 $20,843 $44,119 $68,580
2020 $10,627 $18,267 $37,992 $66,791
2019 $10,343 $17,601 $45,939 $79,816
2018 $10,086 $16,298 $47,135 $77,446
2017 $8,980 $15,022 $43,734 $70,282
2016 $8,255 $14,157 $42,721 $69,987
2015 $8,175 $13,463 $44,910 $73,986
2014 $7,781 $12,942 $52,725 $87,478
2013 $7,147 $12,228 $53,247 $87,526
2012 $6,405 $11,420 $53,142 $89,198
2011 $5,704 $10,457 $51,922 $89,665
2010 $4,629 $9,411 $44,795 $85,120
2009 $3,898 $8,448 $37,803 $84,780
2008 $3,523 $7,713 $50,054 $94,628
2007 $2,735 $6,935 $45,855 $100,813
2006 $2,129 $5,946 $44,343 $106,814
2005 $1,778 $5,148 $38,719 $101,301
2004 $1,531 $4,505 $33,377 $98,661
2003 $1,307 $4,007 $29,660 $92,636
2002 $1,164 $3,591 $27,754 $88,467
2001 $1,065 $3,258 $27,745 $90,370
2000 $969 $2,964 $29,866 $92,899
1999 $881 $2,690 $25,856 $87,658
1998 $835 $2,483 $24,889 $90,229
1997 $787 $2,297 $27,983 $96,009
1996 $713 $2,088 $28,323 $94,620
1995 $613 $1,884 $27,003 $93,702
1994 $476 $1,680 $25,473 $89,959
1993 $379 $1,471 $25,033 $86,330
1992 $368 $1,276 $25,648 $87,509
1991 $334 $1,105 $25,691 $87,250
1990 $319 $991 $26,710 $88,455
1989 $311 - $23,167 -
1988 $284 - $21,570 -
1987 $252.3 - $23,113 -
1986 $282.4 - $23,132 -
1985 $295 - $29,468 -
1984 $251.2 - $32,012 -
1983 $225.9 - $34,650 -
1982 $203.7 - $39,972 -
1981 $197.4 - $44,854 -
1980 $195.1 - $42,925 -
1979 $184.3 - $34,238 -
1978 $156.7 - $29,379 -
1977 $185.7 - $35,020 -
1976 $165.7 - $31,197 -
1975 $178.6 - $27,117 -
1974 $160.4 - $23,823 -
1973 $157.3 - $9,696 -
1972 $132.1 - $3,675 -
1971 $118.8 - $2,805 -
1970 $113.3 - $2,394 -
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/united-arab-emirates | CC BY

China's GDP per capita is $13,303, ranking 76/197, compared to $50,274 in the United Arab Emirates, ranking 24/197. Adjusted for purchasing power (GDP per capita PPP), China ranks 77th at $27,105, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

China UAE
Gross domestic product
$18.7T
2024
$552B
2024
GDP rank
2/197
2024
27/197
2024
GDP growth
4.98%
2023-2024
3.99%
2023-2024
GDP per capita
$13,303
2024
$50,274
2024
GDP per capita rank
76/197
2024
24/197
2024
GDP per capita, PPP
$27,105
2024
$79,229
2024
GDP per capita PPP rank
77/197
2024
16/197
2024
Government debt
$16.6T
2024
$193B
2024
Debt-to-GDP ratio
88.3%
2024
34.9%
2024
Government debt per person
$11,749
2024
$17,568
2024
Government debt per person rank
47/185
2024
36/185
2024
Average annual personal income after taxes
$9,826
2026
$40,522
2026
Market capitalization of domestic companies
$11.8T
2024
$1.05T
2024
Number of millionaires
6,327,000
2025
339,000
2025
Number of billionaires
450
2025
6
2025
Income share by richest 10%
28.4%
2022
20.5%
2018
Income share by poorest 10%
3.1%
2022
2.8%
2018
Government expenditure, % of GDP
32.9%
2024
21.4%
2024
Consumer prices inflation
0.2%
2023-2024
1.7%
2023-2024
Central bank interest rate
3.1%
2024
3.65%
2025
Unemployment rate
5.11%
2021
1.88%
2024
Population
1402578808
11686438

Spending and national debt comparison by year

China
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
China UAE
Government spending Government debt Government spending Government debt
2024 32.9% 88.3% 21.4% 34.9%
2023 32.7% 82% 22.7% 31.9%
2022 32.6% 75.5% 22.7% 31.5%
2021 31.9% 70.1% 25.9% 35.7%
2020 34.8% 69% 30.5% 30.1%
2019 33.6% 59.4% 27.4% 25.8%
2018 32.6% 55.6% 25.9% 20.7%
2017 32% 53.9% 27.2% 21.2%
2016 31.7% 49.7% 31.7% 18.6%
2015 31% 40.8% 26.4% 15.6%
2014 28.4% 39.3% 31.4% 13.5%
2013 28.1% 36.4% 28.9% 15.3%
2012 27.7% 33.8% 27.8% 20.2%
2011 26.6% 33.2% 29.6% 20.4%
2010 24.7% 33.3% 30.4% 18.3%
2009 25.2% 34% 35% 21.1%
2008 22.2% 26.7% 22% 8.95%
2007 17.9% 28.7% 17.7% 8.89%
2006 18.1% 25.2% 15.6% 5.05%
2005 18% 25.9% 15.7% 4.48%
2004 17.6% 26% 17.7% 4.08%
2003 18% 26.4% 20% 3.33%
2002 18.2% 25.6% 21.3% 3.43%
2001 17.2% 24.3% 25.2% 2.69%
2000 16.1% 22.7% 21.8% 3.12%
1999 14.9% 21.6% 24.3% 4.73%
1998 12.6% 20.4% 25.8% 4.18%
1997 11.5% 20.4% 22.6% 2.86%
1996 11% 21.2% 27.6% 3.48%
1995 11.1% 21.4% 26.1% 5.06%
1994 12.4% - 30.1% 5.58%
1993 13.4% - 31.5% 6.01%
1992 14.6% - 29.6% 5.31%
1991 16.5% - 36% 4.97%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1998, retrieved 2026-02-20).

GeoRank.org/economy/china/united-arab-emirates | CC BY

In 2024, China's government spending was $6.18T, accounting for 32.9% of its GDP, while the United Arab Emirates spent $118B, or 21.4% of GDP.

Debt-to-GDP ratio is 88.3% in China and 34.9% in the United Arab Emirates, ranking 34/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
China

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
China UAE
2024 -7.34% 6.41%
2023 -6.71% 5.82%
2022 -7.32% 9.8%
2021 -5.9% 3.96%
2020 -9.56% -2.42%
2019 -6% 2.5%
2018 -4.2% 3.65%
2017 -3.34% -0.16%
2016 -3.33% -2.95%
2015 -2.5% -6.35%
2014 -0.67% 1.74%
2013 -0.82% 7.99%
2012 -0.3% 8.59%
2011 -0.1% 5.05%
2010 -0.36% 0.52%
2009 -1.72% -6.13%
2008 -0.02% 17.6%
2007 0.06% 17.1%
2006 -1.13% 20.2%
2005 -1.38% 16%
2004 -1.49% 6.4%
2003 -2.36% 2.35%
2002 -2.84% -1.24%
2001 -2.56% 1.21%
2000 -2.81% 10.7%
1999 -2.3% 1.31%
1998 -1.08% 1%
1997 -0.73% 6.71%
1996 -0.73% 0.92%
1995 -0.94% 3.58%
1994 -1.68% -1.78%
1993 -0.89% -2.89%
1992 -1.22% 3.34%
1991 -1.04% 3.89%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

GeoRank.org/economy/china/united-arab-emirates | 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 the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 34 years, China recorded a fiscal deficit in 33 of those years, while the United Arab Emirates ran a deficit in 8 years. On average, China posted an annual deficit equal to 2.51% of GDP, compared to surplus of 4.25% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
China

United Arab Emirates
1x
Year Consumer prices inflation
China UAE
2024 0.2% 1.7%
2023 0.2% 1.6%
2022 2% 4.8%
2021 0.9% -0.1%
2020 2.5% -2.1%
2019 2.9% -1.9%
2018 2.1% 3.1%
2017 1.6% 2%
2016 2% 1.6%
2015 1.5% 4.1%
2014 2% 2.3%
2013 2.7% 1.1%
2012 2.6% 0.7%
2011 5.4% 0.9%
2010 3.3% 0.9%
2009 -0.7% -4.7%
2008 5.9% 12.3%
2007 4.7% 11.1%
2006 1.5% 9.3%
2005 1.8% 6.2%
2004 3.9% 5%
2003 1.1% 3.1%
2002 -0.8% 2.9%
2001 0.7% 2.8%
2000 0.4% 1.3%
1999 -1.4% 2.1%
1998 -0.8% 2%
1997 2.8% 3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/china/united-arab-emirates | CC BY

Over the past 28 years, China has recorded an average annual inflation rate of 1.82%, compared with 2.75% in the United Arab Emirates. In 2024, inflation was 0.2% in China and 1.7% in the United Arab Emirates.

Top exports between countries

China
Export category Export value
Machinery & equipment $35B
Textiles & consumer goods $11.3B
Metals $7.27B
Chemicals & pharma $4.97B
Raw materials & minerals $2.44B
Wood & paper products $1.37B
Miscellaneous $1.26B
Precious metals & jewellery $646M
Raw agricultural goods $619M
Processed food, beverages & tobacco $612M
UAE
Export category Export value
Machinery & equipment $5.25B
Chemicals & pharma $1.49B
Processed food, beverages & tobacco $631M
Metals $579M
Raw materials & minerals $568M
Textiles & consumer goods $454M
Precious metals & jewellery $214M
Raw agricultural goods $60.4M
Wood & paper products $20.8M
Miscellaneous $10.8M

Balance of trade

China UAE
Current account balance
$424B
2024
$80B
2024
Current account balance ranking
1/190
2024
9/190
2024
Current account balance, % of GDP
+2.26%
2024
+14.5%
2024
Goods imports
$2.64T
2024
$400B
2024
Goods exports
$3.41T
2024
$467B
2024
Service imports
$613B
2024
$117B
2024
Service exports
$384B
2024
$181B
2024
Imports of goods and services, % of GDP
17.2%
2024
92.2%
2023
Exports of goods and services, % of GDP
20%
2024
106.8%
2023

Economic freedom indices

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

China UAE
Economic freedom 48.3 71.9
Economic freedom ranking 170/197 29/197
Property rights 40.9 62.9
Government integrity 42.3 65.3
Judicial effectiveness 38.6 34.4
Tax burden 69.3 99.9
Government spending 67.8 85.1
Fiscal health 4.4 97.6
Business freedom 68.7 84.5
Labor freedom 57.9 63.2
Monetary freedom 76.1 81.2
Trade freedom 73.4 78.6
Investment freedom 20 50
Financial freedom 20 60

Economic freedom comparison by year

China
United Arab Emirates
1x
Year Economic freedom index
China UAE
2026 48.3 71.9
2025 49 71.6
2024 48.5 71.1
2023 48.3 70.9
2022 48 70.2
2021 58.4 76.9
2020 59.5 76.2
2019 58.4 77.6
2018 57.8 77.6
2017 57.4 76.9
2016 52 72.6
2015 52.7 72.4
2014 52.5 71.4
2013 51.9 71.1
2012 51.2 69.3
2011 52 67.8
2010 51 67.3
2009 53.2 64.7
2008 53.1 62.6
2007 52 62.6
2006 53.6 62.2
2005 53.7 65.2
2004 52.5 67.2
2003 52.6 73.4
2002 52.8 73.6
2001 52.6 74.9
2000 56.4 74.2
1999 54.8 71.5
1998 53.1 72.2
1997 51.7 71.9
1996 51.3 71.6
1995 52 -

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

GeoRank.org/economy/china/united-arab-emirates | CC BY

The Economic Freedom Index for China is 48.3, ranking 170/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

China UAE
Services, % of GDP
56.7%
2024
54.9%
2024
Industry, % of GDP
36.5%
2024
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
6.78%
2024
0.77%
2024
GNI, Atlas method
$19.3T
2024
$566B
2024
GNI per capita, PPP
$26,920
2024
$81,530
2024
Total reserves including gold
$3.46T
2024
$238B
2024
Total reserves ranking
1/177
2024
14/177
2024
Net foreign direct investment
$154B
2024
$31.5B
2024
Net inflows of foreign direct investment
$18.6B
2024
$45.6B
2024
Net outflows of foreign direct investment
$172B
2024
$77.2B
2024
Servicing debt to the IMF, % of GNI
1.89%
2024
n/a
Poverty at national poverty lines
0%
2020
19.5%
2020
Gross capital formation, % of GDP
40.6%
2024
26.6%
2023

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/united-arab-emirates | 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 (1982–1998, retrieved 2026-02-20)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.