China recorded a Current Account surplus of 1 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in China averaged 2.14 percent from 1980 until 2019, reaching an all time high of 10.10 percent in 2007 and a record low of -3.70 percent 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 May of 2020. source: State Administration of Foreign Exchange, China

Current Account to GDP in China is expected to reach -0.40 percent by the end of 2020, 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 -0.30 percent in 2021, according to our econometric models.

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China Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
1.00 0.40 10.10 -3.70 1980 - 2019 percent Yearly

China Trade Last Previous Highest Lowest Unit
Balance of Trade 453.39 199.33 612.86 -320.02 USD HML [+]
Current Account -297.00 405.31 1330.85 -403.15 USD HML [+]
Current Account to GDP 1.00 0.40 10.10 -3.70 percent [+]
Imports 1549.43 1652.13 1951.34 13.88 USD HML [+]
Exports 2002.82 1851.46 2386.54 12.50 USD HML [+]
External Debt 20573.00 19652.14 20573.00 158.28 USD HML [+]
Terms of Trade 100.72 105.52 118.33 81.75 points [+]
Foreign Direct Investment 286.55 216.19 1367.10 18.32 USD HML [+]
Capital Flows 297.00 220.37 759.97 -1305.58 USD HML [+]
Tourist Arrivals 3188.00 3054.00 3188.00 22.96 Tens of Thousands [+]
Gold Reserves 1948.30 1948.31 1948.31 395.01 Tonnes [+]
Crude Oil Production 3923.00 3782.00 4408.00 1012.00 BBL/D/1K [+]
Tourism Revenues 5.97 5.40 5.97 4.13 CNY Trillion [+]
Terrorism Index 4.47 5.11 6.29 1.47 [+]
Weapons Sales 1040.00 1227.00 2605.00 3.00 USD Million [+]


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.