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 August 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.