SAFE Releases China's Balance of Payments for the Fourth Quarter and for the Year 2024
In the fourth quarter of 2024, China's current account registered a surplus of RMB 1171.9 billion, and the capit...
In the fourth quarter of 2024, China's current account registered a surplus of RMB 1171.9 billion, and the capital and financial accounts recorded a deficit of RMB 1339.4 billion.
In 2024, China's current account registered a surplus of RMB 3021.3 billion, and the capital and financial accounts recorded a deficit of RMB 3093.2 billion.
In the US dollar terms, in the fourth quarter, China's current account recorded a surplus of USD 163.8 billion, including a surplus of USD 249.8 billion under trade in goods, a deficit of USD 47.4 billion under trade in services, a deficit of USD 43.3 billion under primary income and a surplus of USD 4.7 billion under secondary income. The capital and financial accounts registered a deficit of USD 187.3 billion, including a surplus of USD 47.6 million under the capital account, and a deficit of USD 187.4 billion under the financial account.
In the US dollar terms, in 2024, China's current account recorded a surplus of USD 423.9 billion, including a surplus of USD 768.0 billion under trade in goods, a deficit of USD 229.0 billion under trade in services, a deficit of USD 130.0 billion under primary income and a surplus of USD 15.0 billion under secondary income. The capital and financial accounts recorded a deficit of USD 434.0 billion, including a deficit of USD 109.1 million under the capital account, a deficit of USD 433.9 billion under the financial account.
In SDR terms, in the fourth quarter, China posted a surplus of SDR 123.9 billion under the current account, and a deficit of SDR 141.5 billion under the capital and financial accounts.
In SDR terms, in 2024, China posted a surplus of SDR 318.8 billion under the current account, and a deficit of SDR 326.2 billion under the capital and financial accounts.
The SAFE has revised the BOP data for each quarter since 2023 according to the latest data, which can be found in the section of "Data and Statistics" at the official website of the SAFE.
In addition, in order to facilitate understanding of the data of Balance of Payments and International Investment Position among all data users, the BOP Analysis Team of the SAFE released China’s Balance of Payments Report 2024. (End)
Abridged Balance of Payments, Q4 2024
Item | Line No. | RMB 100 million | USD 100 million | SDR 100 million |
1. Current Account | 1 | 11719 | 1638 | 1239 |
Credit | 2 | 81231 | 11349 | 8587 |
Debit | 3 | -69512 | -9712 | -7348 |
1. A Goods and Services | 4 | 14486 | 2024 | 1531 |
Credit | 5 | 74708 | 10438 | 7897 |
Debit | 6 | -60222 | -8415 | -6366 |
1.A.a Goods | 7 | 17883 | 2498 | 1891 |
Credit | 8 | 67020 | 9364 | 7085 |
Debit | 9 | -49137 | -6866 | -5194 |
1.A.b Services | 10 | -3397 | -474 | -359 |
Credit | 11 | 7689 | 1074 | 813 |
Debit | 12 | -11085 | -1548 | -1172 |
1.B Primary Income | 13 | -3102 | -433 | -328 |
Credit | 14 | 5778 | 807 | 611 |
Debit | 15 | -8880 | -1240 | -939 |
1.C Secondary Income | 16 | 335 | 47 | 35 |
Credit | 17 | 745 | 104 | 79 |
Debit | 18 | -410 | -57 | -43 |
2. Capital and Financial Account | 19 | -13394 | -1873 | -1415 |
2.1 Capital Account | 20 | 3 | 0 | 0 |
Credit | 21 | 6 | 1 | 1 |
Debit | 22 | -3 | 0 | 0 |
2.2 Financial Account | 23 | -13397 | -1874 | -1415 |
Assets | 24 | -8456 | -1178 | -895 |
Liabilities | 25 | -4941 | -695 | -520 |
2.2.1 Financial Account Excluding Reserve Assets | 26 | -15570 | -2177 | -1645 |
2.2.1.1 Direct Investment | 27 | 345 | 48 | 37 |
Assets | 28 | -2096 | -293 | -222 |
Liabilities | 29 | 2441 | 341 | 258 |
2.2.1.2 Portfolio Investment | 30 | -10693 | -1495 | -1130 |
Assets | 31 | -5836 | -815 | -617 |
Liabilities | 32 | -4857 | -680 | -513 |
2.2.1.3 Financial Derivatives (other than reserves) and Employee Stock Options | 33 | -120 | -17 | -13 |
Assets | 34 | -10 | -1 | -1 |
Liabilities | 35 | -110 | -15 | -12 |
2.2.1.4 Other Investment | 36 | -5102 | -713 | -540 |
Related Articles
SAFE Releases Data on China's Foreign Exchange Reserves at the End of April 20252026-04-14
SAFE Releases Data on China's Foreign Exchange Reserves at the End of August 20252026-04-14
SAFE Releases Data on International Trade in Goods and Services of China in July 20252026-04-14
SAFE Releases Data on China's Foreign Exchange Reserves at the End of January 20262026-04-14
SAFE Releases Data on External Financial Assets and Liabilities of China's Banking Sector as at the ...2026-04-14
SAFE Releases Data on International Trade in Goods and Services of China in February 20252026-04-14
|