China: General government deficit (% of GDP)

Name: China: General government deficit (% of GDP)
Creator: Global Macro Database
License: https://www.globalmacrodata.com/license.html

Percent of GDP · 1982–2025 · 44 observations · forecasts to 2031 · gen_govdef_GDP

2025: −7.61%percent of GDP
Change on 2024: −1.1 pointsfrom −6.49%
Average, 2016–2025: −5.19%10 years
Record high and low: 1.83% (2007)low −7.61% (2025)

General government deficit (% of GDP)

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ForecastPercent of GDP

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Recent values

Percent of GDP

Year	Value
2031	-8.01	Forecast
2030	-7.98	Forecast
2029	-8.03	Forecast
2028	-8.21	Forecast
2027	-7.88	Forecast
2026	-7.88	Forecast
2025	-7.61
2024	-6.49
2023	-5.89
2022	-7.22
2021	-4.35
2020	-6.71
2019	-4.22
2018	-3.65
2017	-2.91
2016	-2.85

Sources

IMF World Economic Outlook1982–2024
IMF Fiscal Policy Panel1989–2023
OECD Economic Outlook1995–2025
Asian Development Bank2000–2025
IMF WEO (forecast)2024–2031
OECD Economic Outlook (forecast)2025–2027

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China documentation (PDF)

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

GMD release 2026_09 · License & terms

General government deficit (% of GDP)

Recent values

Sources

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