Total debt service in China
China: Total debt service was 8.6% in 2024. ▼ Falling
Total debt service in China, 1982–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
In 2024, total debt service in China stood at 8.6%.
The figure is down 27.4% on the previous year and up 184.6% over ten years.
Over the whole period, total debt service in China peaked at 16.8% in 1999 and was at its lowest, 2.1%, in 2008.
China ranks 87th of 120 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 43 years of available data.
Total debt service in China, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1982 | 8.6% | — |
| 1983 | 10.9% | +26.6% |
| 1984 | 8.0% | -26.9% |
| 1985 | 8.4% | +5.2% |
| 1986 | 9.7% | +15.9% |
| 1987 | 9.6% | -1.1% |
| 1988 | 9.6% | +0.4% |
| 1989 | 11.4% | +18.0% |
| 1990 | 11.7% | +2.8% |
| 1991 | 11.9% | +2.1% |
| 1992 | 10.2% | -14.4% |
| 1993 | 11.1% | +9.1% |
| 1994 | 8.9% | -20.0% |
| 1995 | 9.9% | +10.9% |
| 1996 | 8.8% | -10.9% |
| 1997 | 12.6% | +43.3% |
| 1998 | 12.5% | -0.5% |
| 1999 | 16.8% | +33.9% |
| 2000 | 13.1% | -21.8% |
| 2001 | 11.5% | -12.7% |
| 2002 | 12.1% | +5.9% |
| 2003 | 8.1% | -33.2% |
| 2004 | 3.7% | -54.1% |
| 2005 | 3.4% | -9.2% |
| 2006 | 2.6% | -22.2% |
| 2007 | 2.4% | -9.7% |
| 2008 | 2.1% | -12.8% |
| 2009 | 2.9% | +40.5% |
| 2010 | 2.9% | -0.5% |
| 2011 | 2.9% | +0.7% |
| 2012 | 3.1% | +5.8% |
| 2013 | 3.0% | -1.5% |
| 2014 | 3.0% | -0.7% |
| 2015 | 4.9% | +62.4% |
| 2016 | 6.9% | +41.1% |
| 2017 | 7.6% | +9.7% |
| 2018 | 8.3% | +8.8% |
| 2019 | 9.5% | +15.1% |
| 2020 | 9.2% | -3.2% |
| 2021 | 8.7% | -5.5% |
| 2022 | 11.3% | +30.5% |
| 2023 | 11.8% | +4.4% |
| 2024 | 8.6% | -27.4% |
China compared with similar countries
- China's 8.6% is below the median for upper middle income countries, which is 14.4%, 60% of the median. (51 countries reporting)
- China's 8.6% is below the median for East Asia & Pacific, which is 9.3%, 93% of the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 9.5% | 8.0% | 11.4% | 8 |
| 1990s | 11.5% | 8.8% | 16.8% | 10 |
| 2000s | 6.2% | 2.1% | 13.1% | 10 |
| 2010s | 5.2% | 2.9% | 9.5% | 10 |
| 2020s | 9.9% | 8.6% | 11.8% | 5 |
Countries ranked near China
More economy & growth data for China
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.46 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.31 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 157.21 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0081 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 111.77 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 79.98 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 87.54 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0041 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 56.86 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 8.47 % change on previous year (2025)
Frequently asked questions
- What is total debt service in China?
- Total debt service in China was 8.6% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in China?
- The highest recorded value was 16.8% in 1999.
- What is the lowest total debt service recorded in China?
- The lowest recorded value was 2.1% in 2008.
- How does China rank for total debt service?
- China ranks 87th out of 120 countries with data for 2024.
- Is total debt service rising or falling in China?
- Over the last ten years it is up 184.6%. The long-run trend across the full record is falling.
- Where does this China data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.