Key information about China Government Debt: % of GDP

• China Government debt accounted for 25.6 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 25.1 % in the previous quarter.
• China government debt to GDP ratio data is updated quarterly, available from Mar 2014 to Dec 2024.
• The data reached an all-time high of 25.6 % in Dec 2024 and a record low of 14.0 % in Mar 2014.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. The Ministry of Finance provides Government Debt in local currency. The National Bureau of Statistics provides Nominal GDP in local currency. Government Debt covers Central Government only.


Related information about China Government Debt: % of GDP

• In the latest reports, China National Government Debt reached 4,230.0 USD bn in Dec 2023.
• The country's Nominal GDP reached 4,166.8 USD bn in Mar 2023.

Households Debt in China decreased to 60.10 percent of GDP in the third quarter of 2024 from 60.40 percent of GDP in the second quarter of 2024. This dataset provides - China Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about China National Government Debt

• China National Government Debt reached 4,230.0 USD bn in Dec 2023, compared with 3,750.7 USD bn in the previous year.
• China National Government Debt data is updated yearly, available from Dec 2005 to Dec 2023.
• The data reached an all-time high of 4,230.0 USD bn in Dec 2023 and a record low of 404.1 USD bn in Dec 2005.

CEIC converts annual Government Debt into USD. Ministry of Finance provides Government Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt covers Central Government Debt only.


Related information about China National Government Debt

• In the latest reports, China Consolidated Fiscal Balance recorded a deficit equal to 4.8 % of its Nominal GDP in Mar 2024.
• The country's Government debt accounted for 24.0 % of its Nominal GDP in Mar 2024.
• China Nominal GDP reached 4,166.8 USD bn in Mar 2023.

Graph and download economic data for Federal Debt Held by Foreign and International Investors (FDHBFIN) from Q1 1970 to Q4 2024 about foreign, debt, federal, and USA.

Key information about China Household Debt

• China Household Debt reached 11,498.4 USD bn in Jan 2025, compared with the reported number of 11,347.6 USD bn in the previous month
• China Household Debt: USD mn data is updated monthly, available from Jan 2007 to Jan 2025
• The data reached an all-time high of 11,691.0 USD bn in Sep 2024 and a record low of 517.7 USD bn in Jan 2007

CEIC converts monthly Household Debt into USD. The People's Bank of China provides Household Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Loans are used due to the lack of Flow of Funds statistics.


Further information about China Household Debt

• In the latest reports, China Household Debt accounted for 63.3 % of the country's Nominal GDP in Mar 2023
• Money Supply M2 in China increased 44,045.8 USD bn YoY in Sep 2024
• China Foreign Exchange Reserves was measured at 3,209.0 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 13.9 Months of Import in Dec 2024
• China Domestic Credit reached 49,338.1 USD bn in Jan 2025, representing an increased of 7.9 % YoY

China Local Government Debt Outstanding data was reported at 24,000,000.000 RMB mn in 2014. This records an increase from the previous number of 15,885,832.000 RMB mn for 2012. China Local Government Debt Outstanding data is updated yearly, averaging 9,867,197.000 RMB mn from Dec 2007 (Median) to 2014, with 6 observations. The data reached an all-time high of 24,000,000.000 RMB mn in 2014 and a record low of 4,509,831.000 RMB mn in 2007. China Local Government Debt Outstanding data remains active status in CEIC and is reported by National Audit Office. The data is categorized under China Premium Database’s Government and Public Finance – Table CN.FA: Government Debt: National Audit Office.

This dataset provides values for PRIVATE DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

China Local Government Debt Outstanding: County Level(including Contingent Liability) data was reported at 5,041,918.000 RMB mn in Jun 2013. China Local Government Debt Outstanding: County Level(including Contingent Liability) data is updated semiannually, averaging 5,041,918.000 RMB mn from Jun 2013 (Median) to Jun 2013, with 1 observations. China Local Government Debt Outstanding: County Level(including Contingent Liability) data remains active status in CEIC and is reported by National Audit Office. The data is categorized under China Premium Database’s Government and Public Finance – Table CN.FA: Government Debt: National Audit Office.

China External Debt: DOD: PPG: Bonds data was reported at 326.995 USD bn in 2023. This records a decrease from the previous number of 332.378 USD bn for 2022. China External Debt: DOD: PPG: Bonds data is updated yearly, averaging 11.852 USD bn from Dec 1981 (Median) to 2023, with 43 observations. The data reached an all-time high of 352.395 USD bn in 2021 and a record low of 33.540 USD mn in 1981. China External Debt: DOD: PPG: Bonds data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s China – Table CN.World Bank.IDS: External Debt: Debt Outstanding, Debt Ratio and Debt Service: Annual. Public and publicly guaranteed debt from bonds that are either publicly issued or privately placed. Data are in current U.S. dollars.

The International Development Association (IDA) credits are public and publicly guaranteed debt extended by the World Bank Group. IDA provides development credits, grants and guarantees to its recipient member countries to help meet their development needs. Credits from IDA are at concessional rates. Data are in U.S. dollars calculated using historical rates. This dataset contains the latest available snapshot of the IDA Statement of Credits and Grants.

China External Debt: INT: GG: Bonds data was reported at 356.575 USD mn in 2031. This records a decrease from the previous number of 11.040 USD bn for 2030. China External Debt: INT: GG: Bonds data is updated yearly, averaging 356.575 USD mn from Dec 1994 (Median) to 2031, with 35 observations. The data reached an all-time high of 11.635 USD bn in 2022 and a record low of 4.042 USD mn in 2012. China External Debt: INT: GG: Bonds data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s China – Table CN.World Bank.IDS: External Debt: Disbursements and Interest Payment: Annual. General government debt from bonds that are either publicly issued or privately placed. Interest payments are actual amounts of interest paid by the borrower in currency, goods, or services in the year specified. Data are in current U.S. dollars.

China External Debt: DOD: GG: Bonds data was reported at 176.330 USD bn in 2023. This records an increase from the previous number of 176.025 USD bn for 2022. China External Debt: DOD: GG: Bonds data is updated yearly, averaging 8.145 USD bn from Dec 1993 (Median) to 2023, with 29 observations. The data reached an all-time high of 186.909 USD bn in 2021 and a record low of 0.000 USD mn in 1998. China External Debt: DOD: GG: Bonds data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s China – Table CN.World Bank.IDS: External Debt: Debt Outstanding, Debt Ratio and Debt Service: Annual. General government debt from bonds that are either publicly issued or privately placed. Data are in current U.S. dollars.

China External Debt: Total External Debt per Capita data was reported at 0.002 USD mn in 2023. This records a decrease from the previous number of 0.002 USD mn for 2022. China External Debt: Total External Debt per Capita data is updated yearly, averaging 0.000 USD mn from Dec 1981 (Median) to 2023, with 43 observations. The data reached an all-time high of 0.002 USD mn in 2021 and a record low of 0.000 USD mn in 1981. China External Debt: Total External Debt per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s China – Table CN.World Bank.IDS: External Debt: Debt Outstanding, Debt Ratio and Debt Service: Annual. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Data are in current U.S. dollars.

China 10Y Bond Yield was 1.88 percent on Wednesday March 26, according to over-the-counter interbank yield quotes for this government bond maturity. China 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on March of 2025.

These are research indicators of comparative empirical investigation of South Eastern European Countries (SEECs) and People’s Republic of China (PRC) that were compiled from the criteria and factors of the World Bank. This dataset consists of data for SEECs and PRC for the period of 2000 to 2016. The World Bank Research Indicators consist of (1) GNI, Atlas Method (Current US$); (2) GNI per capita, Atlas; (3) GNI PPP (Current International $); (4) GNI per capita, PPP (Current International $); (5) Energy Use (kg of Oil Equivalent per capita); (6) Electric Power Consumption (kWh per capita); (7) GDP (Current US$); (8) GDP Growth (Annual %); (9) Inflation, GDP Deflator (Annual %); (10) Agriculture, Value Added (% of GDP); (11) Industry, Value Added (% of GDP); (12) Service, etc., Value Added (% of GDP); (13) Exports of Goods and Services (% of GDP); (14) Imports of Goods and Services (% of GDP); (15) Gross Capital Formation (% of GDP); (16) Revenue, excluding Grants (% of GDP); (17) Time Required to Start a Business (Days); (18) Domestic Credit Provided by Financial Sector (% of GDP); (19) Tax Revenue (% of GDP); (20) High-Technology Exports (% of Manufactured Exports); (21) Merchandise Trade (% of GDP); (22) Net Barter Terms of Trade Index (2000 = 100); (23) External Debt Stock, Total (DOD, Current US$); (24) Total Debt Service (% of Exports of Goods, Services and Primary Income); (25) Personal Remittances, Received (Current US$); (26) Foreign Direct Investment, Net Flows (BoP, Current US$); and (27) Net Official Development Assistance and Official Aid Received (Current US$). Furthermore, statistical data of SEECs and PRC were retrieved from Atlas 2.1 – Growth Lab at the Center for International Development at Harvard University and WITS – UNSD COMPTRADE.

The International Bank for Reconstruction and Development (IBRD) loans are public and publicly guaranteed debt extended by the World Bank Group. IBRD loans are made to, or guaranteed by, countries that are members of IBRD. IBRD may also make loans to IFC. IBRD lends at market rates. Data are in U.S. dollars calculated using historical rates. This dataset contains the latest available snapshot of the Statement of Loans.

China External Debt: TDS: PS: Multilateral data was reported at 3.993 USD bn in 2031. This records a decrease from the previous number of 4.283 USD bn for 2030. China External Debt: TDS: PS: Multilateral data is updated yearly, averaging 2.919 USD bn from Dec 1983 (Median) to 2031, with 49 observations. The data reached an all-time high of 5.510 USD bn in 2025 and a record low of 3.338 USD mn in 1983. China External Debt: TDS: PS: Multilateral data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s China – Table CN.World Bank.IDS: External Debt: Debt Outstanding, Debt Ratio and Debt Service: Annual. Public sector multilateral loans include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Data are in current U.S. dollars.

China Local Government Debt Outstanding: Financing Platform(including Contingent Liability) data was reported at 6,970,442.000 RMB mn in Jun 2013. This records an increase from the previous number of 4,971,068.000 RMB mn for Dec 2010. China Local Government Debt Outstanding: Financing Platform(including Contingent Liability) data is updated semiannually, averaging 5,970,755.000 RMB mn from Dec 2010 (Median) to Jun 2013, with 2 observations. The data reached an all-time high of 6,970,442.000 RMB mn in Jun 2013 and a record low of 4,971,068.000 RMB mn in Dec 2010. China Local Government Debt Outstanding: Financing Platform(including Contingent Liability) data remains active status in CEIC and is reported by National Audit Office. The data is categorized under China Premium Database’s Government and Public Finance – Table CN.FA: Government Debt: National Audit Office.

China Local Government Debt Outstanding: Financing Platform data was reported at 4,971,068.000 RMB mn in 2010. China Local Government Debt Outstanding: Financing Platform data is updated yearly, averaging 4,971,068.000 RMB mn from Dec 2010 (Median) to 2010, with 1 observations. The data reached an all-time high of 4,971,068.000 RMB mn in 2010 and a record low of 4,971,068.000 RMB mn in 2010. China Local Government Debt Outstanding: Financing Platform data remains active status in CEIC and is reported by National Audit Office. The data is categorized under China Premium Database’s Government and Public Finance – Table CN.FA: Government Debt: National Audit Office.

China Local Government Debt: Invest To: Manufacturing Industry data was reported at 128,287.000 RMB mn in 2010. China Local Government Debt: Invest To: Manufacturing Industry data is updated yearly, averaging 128,287.000 RMB mn from Dec 2010 (Median) to 2010, with 1 observations. The data reached an all-time high of 128,287.000 RMB mn in 2010 and a record low of 128,287.000 RMB mn in 2010. China Local Government Debt: Invest To: Manufacturing Industry data remains active status in CEIC and is reported by National Audit Office. The data is categorized under China Premium Database’s Government and Public Finance – Table CN.FA: Government Debt: National Audit Office.