China - External balance on goods and services (% of GDP)

External balance on goods and services (% of GDP) in China was 2.49 as of 2020. Its highest value over the past 60 years was 8.68 in 2007, while its lowest value was -4.04 in 1985.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 -0.12
1961 0.38
1962 1.14
1963 1.15
1964 0.90
1965 0.45
1966 0.26
1967 0.30
1968 0.38
1969 0.64
1970 0.03
1971 0.66
1972 0.74
1973 0.48
1974 -0.47
1975 -0.14
1976 0.18
1977 0.21
1978 -0.54
1979 -0.76
1980 -0.60
1981 0.00
1982 2.35
1983 1.11
1984 0.02
1985 -4.04
1986 -2.46
1987 0.11
1988 -1.30
1989 -1.42
1990 2.96
1991 3.03
1992 1.17
1993 -2.65
1994 1.30
1995 1.63
1996 2.03
1997 4.45
1998 4.26
1999 2.80
2000 2.38
2001 2.10
2002 2.54
2003 2.16
2004 2.62
2005 5.45
2006 7.59
2007 8.68
2008 7.59
2009 4.31
2010 3.65
2011 2.40
2012 2.72
2013 2.45
2014 2.11
2015 3.24
2016 2.27
2017 1.75
2018 0.66
2019 0.93
2020 2.49

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts