China: Primary budget balance
* indicates monthly or quarterly data series
| China |
Primary budget balance, percent of GDP |
|---|---|
| Latest value | -6.39 |
| Year | 2024 |
| Measure | percent |
| Data availability | 1990 - 2024 |
| Average | -1.86 |
| Min - Max | -8.62 - 0.44 |
| Source | The World Bank |
| Available for | Data download |
The latest value from 2024 is -6.39 percent, a decline from -5.79 percent in 2023. In comparison, the world average is -1.04 percent, based on data from 179 countries. Historically, the average for China from 1990 to 2024 is -1.86 percent. The minimum value, -8.62 percent, was reached in 2020 while the maximum of 0.44 percent was recorded in 2007.
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* indicates monthly or quarterly data series
| Recent values | China: Primary budget balance |
|---|---|
| 2024 | -6.39 |
| 2023 | -5.79 |
| 2022 | -6.40 |
| 2021 | -5.01 |
| 2020 | -8.62 |
| 2019 | -5.17 |
| 2018 | -3.41 |
| 2017 | -2.60 |
Definition: The difference between a government's total revenue and its total expenditure, excluding interest payments on its outstanding debt. Source: Kose, M. Ayhan, Sergio Kurlat, Franziska Ohnsorge, and Naotaka Sugawara. 2022. "A Cross-Country Database of Fiscal Space." Journal of International Money and Finance 128 (November): 102682.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 16.71 | 2024 | percent |
| Government spending, in dollars | 3,129.44 | 2024 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -7.34 | 2024 | percent |
| Primary budget balance | -6.39 | 2024 | percent |
| Long-term interest rate | 1.71 | 7/2026 | percent |
| Tax revenue | 7.02 | 2024 | percent |
| Taxes on goods and services | 28.26 | 2024 | percent |
| Taxes on international trade | 1.25 | 2024 | percent |
| Income and profits taxes | 17.46 | 2024 | percent |
| Foreign aid | -267.16 | 2023 | million U.S. dollars |
| Government debt | 88.32 | 2024 | percent |
| Government debt held by non-residents | 2.63 | 2024 | percent |
| Sovereign debt average maturity | 6.16 | 2024 | percent |
| Short-term government debt | 7.40 | 2024 | percent |