China's current account surplus narrowed to USD 40.1 billion in the fourth quarter of 2019 from USD 54.6 billion in the same period of the previous year, a preliminary estimate showed. Considering 2019 full year, the current account surplus widened sharply to USD 177.5 billion from USD 49.1 billion the year before, as the goods surplus increased to USD 462.8 billion, the services deficit declined to USD 261.4 billion and the net inflow of direct investment stood at USD 59.1 billion. China Current Account - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Current Account in China averaged 396.66 USD HML from 1998 until 2019, reaching an all time high of 1330.85 USD HML in the fourth quarter of 2008 and a record low of -341 USD HML in the first quarter of 2018. This page provides - China Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: State Administration of Foreign Exchange, China
Current Account in China is expected to be 250.00 USD HML by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in China to stand at 520.00 in 12 months time. In the long-term, the China Current Account is projected to trend around 80.28 USD HML in 2021 and 67.52 USD HML in 2022, according to our econometric models.