China's current account surplus widened to USD 401.9 billion in 2022, the equivalent to 2.2 percent of the GDP, and up 14 percent compared to 2021, revised data showed. It was also the largest current account surplus since 2008, as the goods surplus hit a record high of USD 668.6 billion, with exports rising 4 percent and imports increasing at a slower 1 percent on the back of a weakening domestic economy. At the same time, the services deficit narrowed by 9 percent to USD 92.3 billion, as the deficit in the use of intellectual property rights fell 11 percent, while the surpluses of telecommunications, computer information services, and other commercial services increased by 66 and 24 percent, respectively. source: State Administration of Foreign Exchange, China
Current Account to GDP in China averaged 2.11 percent of GDP from 1980 until 2022, 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 2023.
Current Account to GDP in China is expected to reach 1.20 percent of GDP by the end of 2023, 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 0.80 percent of GDP in 2024 and 1.30 percent of GDP in 2025, according to our econometric models.