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 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
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