China Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Overview
China's budget deficit stood at -8.57% in 2025, a decline of +1.23% from 2024. The IMF projects -8.57% by 2025. China ranked 173rd globally.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -7.99% | - | - |
| 2029* IMF | -8.04% | - | - |
| 2028* IMF | -8.22% | - | - |
| 2027* IMF | -8.38% | - | - |
| 2026* IMF | -8.51% | - | - |
| 2025* IMF | -8.57% | - | - |
| 2025 | -8.57% | −1.23% | #173 |
| 2024 | -7.34% | −0.64% | #22 |
| 2023 | -6.71% | +0.61% | #25 |
| 2022 | -7.32% | −1.42% | #21 |
| 2021 | -5.90% | +3.66% | #58 |
| 2020 | -9.56% | −3.56% | #38 |
| 2019 | -6.01% | −1.80% | #24 |
| 2018 | -4.20% | −0.86% | #44 |
| 2017 | -3.34% | −0.01% | #62 |
| 2016 | -3.33% | −0.83% | #71 |
| 2015 | -2.50% | −1.83% | #106 |
| 2014 | -0.67% | +0.15% | #142 |
| 2013 | -0.82% | −0.53% | #136 |
| 2012 | -0.30% | −0.20% | #137 |
| 2011 | -0.10% | +0.26% | #144 |
Detected Pattern
Analysis
China matched the Export Boom Cycle pattern in 2013. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
China's budget deficit was -8.57% in 2025. Ranked 173rd globally. This represents a 16.8% decrease from the previous year.
China's budget deficit peaked at 0.92% in 1985.
The lowest budget deficit in China was -9.56% in 2020.
China ranks 173rd globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
China's budget deficit is projected to reach -8.57% by 2025 based on IMF projection.
The budget deficit of China in 2025 was -8.57%. This ranks 173rd in the world.
Cite this page
@misc{historysaid_china_budget-deficit,
title = {China Budget Deficit},
url = {https://historysaid.com/china/budget-deficit},
publisher = {HistorySaid},
year = {2026}
}