China recorded a current account surplus of $315.7 billion or 1.80 percent of the country's GDP in 2021. The trade in goods posted a surplus of $554.5 billion, up 8 percent from the previous year as both exports and imports maintained steady growth as the global economic recovery remained on track. On the other hand, the trade in services saw a deficit of $97.7 billion, down 33 percent year-on-year. The deficit in the travel sector declined 15 percent to $99.3 billion due to the COVID-19 pandemic's continued impact on cross-border tourism and studying abroad. source: State Administration of Foreign Exchange, China

Current Account to GDP in China averaged 2.12 percent of GDP from 1980 until 2021, reaching an all time high of 10.10 percent of GDP in 2007 and a record low of -3.70 percent of GDP in 1985. This page provides - China Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Current Account to GDP - values, historical data and charts - was last updated on July of 2022.

Current Account to GDP in China is expected to reach 1.20 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Current Account to GDP is projected to trend around 0.90 percent of GDP in 2023, according to our econometric models.

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China Current Account to GDP



Related Last Previous Unit Reference
Current Account 888.80 1183.70 USD HML Mar 2022
Current Account to GDP 1.80 1.90 percent of GDP Dec 2021
External Debt 27465.60 24008.10 USD HML Dec 2021
Capital Flows -895.00 -320.60 USD HML Mar 2022

China Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
1.80 1.90 10.10 -3.70 1980 - 2021 percent of GDP Yearly