Macroeconomic Variables of China（1978-2019）

Variables Included:YearConsumption (in 2015 constant RMB)Consumption-to-GDP Ratio (%)Investment (in 2015 constant RMB)Investment-to-GDP Ratio (%)Exports (in 2015 constant RMB)Exports-to-GDP Ratio (%)Imports (in 2015 constant RMB)Imports-to-GDP Ratio (%)GDP (in 2015 constant RMB)Foreign Demand (GDP sum of China’s top four trading partners, in 2015 constant RMB)Labor Productivity (Total output / Total employment)Average Annual Exchange Rate (RMB/USD)Labor Income Share (Calculated as: Compensation of Employees / (GDP – Net Production Taxes))Profit Share (%)Real Labor Income (Average wage of employed workers, in 2015 constant RMB)Proportion of Tertiary Industry (% of GDP)Labor Income-to-Profit Share RatioData Sources: GDP, Consumption, Investment, Exports, ImportsSource: UNSD (United Nations Statistics Division) DatabaseUnits: 2015 constant RMB Foreign DemandDefinition: Aggregate GDP of China’s four largest trading partnersSource: UNSD DatabaseUnits: 2015 constant RMB Labor Productivity & Proportion of Tertiary IndustryTotal Employment: China Statistical YearbookProportion of Tertiary Industry: China Statistical YearbookCalculation: Labor Productivity = Total Output / Total Employment Average Annual Exchange RateSource: China Statistical Yearbook Labor Income ShareMethodology: Factor-based calculationFormula: Labor Income Share=Compensation of Employees/(GDP−Net Production Taxes) Real Labor IncomeSource: China Statistical Yearbook Adjustment: Converted to 2015 constant RMB