February 26, 2021. No claims are made regarding the accuracy of Current account balance information contained here. China’s current account surplus in 2018 plunged 70% year-on-year to a record low of $49.1 billion, according to the country’s foreign exchange regulator. : Mainland Annual, Not Seasonally Adjusted U.S. The H1 2019 balance is already at US$-222 billion in favor of China opposed to US$-375 billion for the full year of 2018, with the holiday quarter still ahead. 5.79. Yet, the trend is clearly downwards: while the current account was 10% of GDP in 2007, we expect it to be roughly neutral in 2020, and FX reserves reduced by -22% between June 2014 and April 2020. Current Account Balance for China from International Monetary Fund (IMF) for the International Monetary Fund - Balance of Payments (BOP) release. Current account is all transactions other than those in financial and capital items. Germany will run the world's largest current account surplus in 2019 for the fourth consecutive year, the Ifo economic institute said on Friday, ... followed by China with $182 billion. The UK’s current account deficit narrowed to £25.2 billion, or 4.6% of gross domestic product, in Quarter 2 (Apr to June) 2019. In contrast, the United States has run trade and current account deficits since the early 1980s, and is the world’s largest debtor nation. For all of 2019, the current account, however widened 1.5% to $498.4 billion as the small goods imports bill was offset by rise in the secondary income shortfall and shrinking services surplus. Exchange rate (/US$) 8.194. 0.99. Katharina Buchholz The 2019 Balance of Payments report, which details external operations between the territory and other countries, confirms the preliminary estimate released in August, further revising the current account balance to MOP149.8 billion, some MOP7 billion more than expected and MOP2 billion more than in … BP of HK China USA up to 2019.xlsx - Hong Kong's Balance of Payments(HK$ million Current Account Balance 1961 1962 1963 1964 1965 1966 1967 1968 1969 China’s current account surplus continued to rise in the first quarter of 2019, pushed up by the largest primary income surplus on record. This marks the largest deficit since 2008. 2.76. The IMF's Research Department has developed the External Balance Assessment (EBA) methodology for assessing current accounts and exchange rates. U.S. merchandise trade balance with China in 2019, by SITC product type Goods trade differences of Shanghai, China 2008-2018 Net trade in goods in Asia-Pacific 2018, by country or region 2010. 2019. Current account balance, % of GDP. The U.S. current account deficit widened by $17.2 billion, or 10.6 percent, to $178.5 billion in the third quarter of 2020, according to statistics released by the U.S. Bureau of Economic Analysis. The current account balance is at a satisfactory level (in surplus at 1.0% of GDP in 2019). China’s current account surplus has declined significantly from its peak in 2008 and the external position in 2018 was in line with medium-term fundamentals and desirable policies. Spain’s current account balance recorded a surplus of EUR 729 million in December 2020, significantly below both the EUR 2.2 billion surplus logged in December 2019 and November 2020’s EUR 3.3 billion surplus. Current Account Economic News. Though Japan current account balance fluctuated substantially in recent years, it tended to increase through 2001 - 2020 period ending at 143.5 billion US dollars in 2020. The U.S. current account deficit widened less than anticipated in the third quarter as trade and income flows rebounded following COVID-19’s severe disruption to activity in the second quarter. Exports aren’t doing that well, but imports are down substantially. The current account balance of payments is a record of a country's international transactions with the rest of the world. China current account balance as a share of GDP was at level of 1.3 % in 2020, up from 1 % previous year. The Q4 trade and current account surpluses were both actually fairly large (the Q4 current account surplus was $55 billion) and China easily defied predictions that it would run a deficit in 2018. 2015. The IMF says China had $2.1 trillion in external net assets as of 2018 -- the third-largest total after Japan's $3.1 trillion and Germany's $2.3 trillion, but well below its current-account surplus. Meanwhile, the service trade deficit, including tourism, was US$76.2 billion, resulting in an overall current account deficit, according to China’s official balance of payment figures. T he financial account (excluding reserve assets) registered a surplus of SDR 32.7 billion, and an increase of SDR 1.7 billion under reserves assets. China Current Account Balance: USD mn data is updated quarterly, available from Mar 1998 to Dec 2020, with an averaged value of 40.0 USD bn. China’s trade and current account surplus surprised most and jumped back up in the first part of 2019. Last year China’s current-account surplus was just 0.4% of GDP. Current account is all transactions other than those in financial and capital items. The revised second quarter deficit was $161.4 billion. Spain: Current account surplus narrows considerably at the end of 2020. Current account components Branko Vitas, Program Manager of the International Statistics Branch said: "The balance on goods and services surplus in the June quarter 2020 was $23.9 billion, a rise of $4.7 billion on the March quarter 2020 surplus of $19.1 billion. Balance of payments euro-indicators for EA19, seasonally adjusted (bn euro) EA19 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Current account balance 71.6 91.9 60.3 97.0 77.8 Balance of trade in goods 64.4 88.178.1 70.7 86.7 Balance of trade in services 25.2 25.8 9.9 33.6 0.7 Balance of primary income 26.2 28.0 16.5 18.5 21.5 Balance of secondary income -44.1 --40.0 -36.8 -41.8 32.4 All suggestions for corrections of any errors about Current account balance should be addressed to the CIA. China reported a current account surplus in 2019 amid strong external demand for goods, a narrowing deficit in services trade and a huge inflow of foreign investment. This page provides forecast and historical data, charts, statistics, news and updates for China Current Account Balance. 6 ... Share of the total world merchant fleet in 2019. The current account includes all the transactions (other than those in financial items) that involve economic values and occur between resident and non-resident entities. Maritime transport indicators : 2005. In SDR terms, in the first half of 2019,China posted a surplus of SDR 63.6 billion under the current account, and a surplus of SDR 30.9 billion under the capital and financial accounts. Dollars 2016 to 2024 (2019-10-23) The EBA methodology, originally developed in 2013, was modified slightly in 2015 by extending the sample used in estimation (from 2010 to 2013), allowing nonlinearities in the impact of demographics, and adding the REER level model to the EBA toolkit. Current Account Balance: Total Trade of Goods for China (DISCONTINUED) US Dollars, Sum Over Component Sub-periods Quarterly, Seasonally Adjusted Q1 1998 to Q2 2013 (2017-04-13) Current Account Balance The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, narrowed by $1.1 billion, or 0.9 percent, to $124.1 billion in the third quarter of 2019, according to statistics from the U.S. Bureau of Economic Analysis (BEA). FX reserves are still at a high level, covering more than 15 months of imports. China has run trade and current account surpluses for more than 2 decades, but its investment income has been in red for more than 10 years, although it is the third biggest creditor nation in the world. Balance of Payments: Total Net Current Account for China, P.R. It was widely speculated that China might book its first full-year current account deficit in 25 years after it … China Current Account recorded a surplus of 130.2 USD bn in Dec 2020, compared with a surplus of 92.2 USD bn in the previous quarter. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income. NOTE: The information regarding Current account balance on this page is re-published from the CIA World Factbook 2019. The major classifications are goods and services, income and current transfers. Overview: In October 2020 China exported $192B and imported $172B, resulting in a positive trade balance of $20.2B.Between October 2019 and October 2020 the exports of China have increased by $18.3B (10.5%) from $174B to $192B, while imports increased by $12B (7.47%) from $160B to $172B. The balance has dropped ... it had a current account ... in November 2018 that Chinese property developers face “surging refinancing demands,” as $51 billion matures in 2019. 3.91. In 2020, current account balance for Japan was 143.5 billion US dollars. The deficit widened to $178.5 billion from a revised $161.4 billion. The current account surplus is now around 1.5 per cent of China’s GDP — and it is more likely to …
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