China's GDP has surpassed 110 trillion yuan ($15.4 trillion), 120 trillion yuan and 130 trillion yuan respectively during the 14th Five-Year Plan (2021-2025), and is projected to reach around 140 trillion yuan in 2025. The country's economic growth averaged 5.5 percent annually during 2021 and 2024. Its contribution to global economic growth has remained around 30 percent, making it a major contributor. The following graphic outlines China's economic development over the past five years.