Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. China’s debt is more than 250 percent of GDP, higher than the United States. Includes Household Debt: % of GDP on 90 economies standardised by CEIC. The debt-to-GDP ratio is usually expressed as a percentage and is used to indicate whether or not a country can pay back its debts. In the long-term, China’s rising national debt levels will create serious problems and hazards. Consumer Confidence Economic Expectations, China Producer Prices Rise the Most since 2017, China Inflation Rate Rises to 7-Month High, China Foreign Reserves Rise for 1st Time in 4 Months, China Imports Rise the Most in Over a Decade, China Trade Surplus Larger than Estimated, China Services Growth at 4-Month High: Caixin, Brazilian Real Hovers Around 4-Month High, Brazil Business Sentiment Improves in May, US Crude Oil Stocks Fall Less than Forecast, Baltic Exchange Dry Index Falls to Near 2-Week Low, Brazilian Equities Down on Inflation Fears, Canadian Stocks Extend Losses on Wednesday. China’s national debt is currently 54.44% of its GDP, a significant increase from 2014 when … Instant access to full history data in excel. China’s piling on of debt has long raised concerns among observers of the Chinese economy because rapid descents into indebtedness in other countries have typically led to major economic collapse or severe … China Domestic Credit reached 38,637.5 USD bn in Mar 2021, representing an increased of 10.6 % YoY. Loans are used due to the lack of Flow of Funds statistics.In the latest reports, China Household Debt reached 10,034.9 USD bn in Mar 2021. Last week, in its annual Article IV assessment of the Chinese economy, the International Monetary … If the ratio indicates that a nation cannot pay its government debts, there is a risk of default, which could wreak havoc on the markets. A report from the National Institution for Finance and Development (NIFD) indicates that China’s household leverage ratio – the ratio of household debt to national GDP – hit 49% as of the end of 2017, as compared to 17.9% at the end of 2008, for a rise of 3.5 percentage points per annum across the intervening period. Payable monthly by credit card. If China’s households continue borrowing at their current pace, it would take only four or five years before their debt-to-GDP ratio reaches the same level as in the U.S. just before the 2008 crash. In the long-term, the Czech Republic Households Debt To GDP is projected to trend around 32.26 percent of GDP in 2022 and 32.45 percent of GDP in 2023, according to our econometric models. In only five years, household debt has surged to 128% of household income, and 56% of Chinese GDP. China’s household debt relative to its GDP and aggregate household disposable income is broadly comparable to international peers, but this follows a period of rapid growth from initially low levels. The National Bureau of Statistics provides year-to-date Nominal GDP in local currency. China household debt accounted for 62.1 % of the country's Nominal GDP in Mar 2021, compared with the ratio of 62.2 % in the previous quarter. Rising debt suggests the present growth rate is unsustainable. Meanwhile, China’s external debt grew to $2.09 trillion over the first quarter of 2020. These cookies are used to collect information about how you interact with our website and allow us to remember you. Households Debt To Gdp in China is reported by the Bank for International Settlements. There is no data available for your selected dates. | ChinaPower Project Household debt rose to 62.2 per cent of China’s GDP in 2020, up 6.1 percentage points from 56.1 per cent of China’s GDP in 2019, according to … It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. And while the level of household debt in China has risen rapidly in recent years, that growth has been in line with the growth rate of new home sales, the majority of which are financed with the type of mortgages described earlier. Looking forward, we estimate Households Debt To GDP in Czech Republic to stand at 32.04 in 12 months time. According to Goldman Sachs (2018), at the aggregate level, Chinese debt stood at 317% of GDP at the end of 2017 [ 5]. More than half of its debt was added in the past four years, which is equal to 110% of GDP or 2.9x GDP growth, and most of which came from shadow banking and bonds. Central government debt, total (% of GDP) - China International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates. 3Y. The International Monetary Fund forecast that China’s household debt-to-GDP ratio, a commonly used measurement of household leverage, will keep growing by 2 percentage points annually to reach 61.3% by 2023, while the country’s household savings-to-GDP ratio will decline to 30.5% in five years from 35.5% at the end of last year. Instant access to full history data in excel. Direct access to our calendar releases and historical data. Download historical data for 20 million indicators using your browser. On the demand side, the debt of a country can be divided into three sectors: government debt, household debt and corporate debt. The country's Non Performing Loans Ratio stood at 1.8 % in Dec 2020, compared with the ratio of 2.0 % in the previous quarter. Entry level access to the CEIC platform for individual users. Download limits apply. But in the data there is no sign of a crackdown. The data reached an all-time high of 62.2 % in Dec 2020 and a record low of 17.9 % in Dec 2008. Outstanding residential mortgages accounted for 54% of total household debt in 2018, up from 50% in 2015, and first-time home buyers make a … 10Y. It remains lower than Japan, the world’s most indebted leading economy, but some experts say the concern is that China’s debt has surged at the sort of pace that usually leads to a financial bust and economic slump. China Foreign Exchange Reserves was measured at 3,170.0 USD bn in Mar 2021. This website stores cookies on your computer. Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors. China is addicted to debt to fuel growth and this is obvious with the outrageous 58% credit growth in 1Q13. Available via annual subscription to one or more of CEIC’s global and premium databases. China’s household debt as a proportion of GDP has more than doubled to 40.7 percent in less than 10 years. CEIC calculates quarterly Household Debt as % of Nominal GDP from monthly Household Debt and quarterly Nominal GDP. While developed nations have higher rates … Outstanding Domestic Private Debt Securities to GDP for China . China accounts for almost 60 per cent of the $72.5tn in EM debt — and for 80 per cent of the growth in that debt stock over the past decade, when it more than doubled in size. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. While most of this growth is tied to China’s property market in the form of mortgage debt, consumer credit has expanded rapidly as well: credit card debt […] Consolidated Fiscal Balance: % of GDP (%), Forecast: Government Expenditure (RMB bn), Exports: Medicinal and Pharmaceutical Product (USD th), Imports: Medicinal and Pharmaceutical Product (USD th), CN: Exports: fob: Emerging and Developing Economies: Emerging and Developing Asi... (USD mn), CN: Imports: cif: Advanced Economies: Australia (USD mn), Trade Index: Export: Value (Prev Year=100), Trade Index: Export: Quantum (Prev Year=100), Trade Index: Export: Unit Value (Prev Year=100), Trade Index: Import: Value (Prev Year=100), Trade Index: Import: Quantum (Prev Year=100), Trade Index: Import: Unit Value (Prev Year=100), Imports: Computed Tomography Apparatus (USD th), Imports: Other, Apparatus Based on the Use of X-rays for Medical (USD th), Imports: Other Needles, Catheters, Cannulae and the Like (USD th), Exports: Other Needles, Catheters, Cannulae and the Like (USD th), CN: Steel: Import: Steel Product: Rod & Bar (Ton th), CN: Steel: Import: Steel Product: Sheet & Plate (Ton th), Foreign Portfolio Investment: Equity Securities (USD mn), Foreign Portfolio Investment: % of GDP (%), Foreign Portfolio Investment: Debt Securities (USD mn), Forecast: Current Account Balance (USD bn), Net International Investment Position (USD mn), BoP: CA: Secondary Income: Debit (USD mn), BoP: CA: Secondary Income: Credit (USD mn), CN: FDI: Utilized: ytd: Manufacturing (USD mn), CN: FDI: Utilized: ytd: Mfg: Comm, Computer & Other Electronic Eq (USD mn), CN: FDI: Utilized: ytd: Wholesale and Retail Trade (USD mn), CN: FDI: Utilized: ytd: Real Estate (USD mn), CN: FDI: Utilized: ytd: Leasing and Commercial Service (USD mn), Outward Investment: Latin America: British Virgin Islands (USD mn), Outward Investment: Latin America: Cayman Islands (USD mn), Outward Investment: Asia: Singapore (USD mn), Outward Investment: Financial Intermediation (USD mn), Outward Investment: Leasing and Commercial Service (USD mn), Outward Investment: Manufacturing (USD mn), Outward Investment: Information Transmission, Software and Information Technolog... (USD mn), Outward Investment: Wholesale and Retail Trade (USD mn), Outward Investment: United States (USD mn), Industrial Enterprise: No of Loss Making Enterprise (Unit), No of Business Entity: New Registration: ytd: Company (Unit mn), QFII: No of Institution: accumulated (Unit), QFII: Approved Investment Fund: accumulated (USD mn), Foreign Exchange Reserves: Months of Import (NA), Debt Service Ratio: Private Non-Financial Sector (%), Credit to Private Non-Financial Sector (USD bn), Business Confidence: Net Balance (% Point), Agricultural Bank of China (ABOC): Bank Card Statistics, Agricultural Bank of China (ABOC): Loan and Deposit: in Foreign Currency, Bank of China (BOC): Bank Card Statistics, Bank of China (BOC): Loan and Deposit: in Foreign Currency, Bank of Communications (BoCOM): Loan and Deposit, Cash Income and Expenditure of Financial Institution, Cash Income and Expenditure of Financial Institution: Beijing, Cash Income and Expenditure of Financial Institution: Fujian, Cash Income and Expenditure of Financial Institution: Guangdong, Cash Income and Expenditure of Financial Institution: Guizhou, Cash Income and Expenditure of Financial Institution: Hebei, Cash Income and Expenditure of Financial Institution: Henan, Cash Income and Expenditure of Financial Institution: Hunan, Cash Income and Expenditure of Financial Institution: Jiangsu, Cash Income and Expenditure of Financial Institution: Jilin, Cash Income and Expenditure of Financial Institution: Ningxia, Cash Income and Expenditure of Financial Institution: Shaanxi, Cash Income and Expenditure of Financial Institution: Shanghai, Cash Income and Expenditure of Financial Institution: Sichuan, Cash Income and Expenditure of Financial Institution: Tibet, Cash Income and Expenditure of Financial Institution: Yunnan, China Construction Bank (CCB): Bank Card Statistics, China Construction Bank (CCB): Loan and Deposit: in Foreign Currency, China Everbright Bank (CEB): Loan and Deposit, China Industrial Bank (CIB): Loan and Deposit, China Minsheng Banking Corporation Ltd: Loan and Deposit, Deposit by Enterprise: Prefecture Level Region, Foreign Exchange Settlement and Sales on behalf of Client by Bank, Guangdong Development Bank (GDB): Loan and Deposit, Industrial and Commercial Bank of China (ICBC): Bank Card Statistics, Industrial and Commercial Bank of China (ICBC): Loan and Deposit: in Foreign Currency, Loan: By Loan Category and Enterprise Size, Loan: Off-balance Sheet Credit Facilities, Loan to Agricultural Sector: Prefecture Level City, Loan to Commercial Sector: Prefecture Level City, Loan to Industrial Sector: Prefecture Level City, National Interbank Funding Centre (NIBFC): Interbank Call Loan: Turnover, Saving Deposit: Demand: Prefecture Level Region, Saving Deposit: Time: Prefecture Level City, Shanghai Pudong Development Bank (SPDB): Loan and Deposit, Source and Use of Credit Fund: Financial Institution: Annual (Old Classification), Agricultural Bank of China (ABOC): Loan and Deposit, Agricultural Development Bank of China (ADBOC): Loan, Bank of China (BOC): Source and Use of Fund, Bank of Communications (BoCOM): Loan and Deposit: in Foreign Currency, Cash Income and Expenditure of Financial Institution: Anhui, Cash Income and Expenditure of Financial Institution: Chongqing, Cash Income and Expenditure of Financial Institution: Gansu, Cash Income and Expenditure of Financial Institution: Guangxi, Cash Income and Expenditure of Financial Institution: Hainan, Cash Income and Expenditure of Financial Institution: Heilongjiang, Cash Income and Expenditure of Financial Institution: Hubei, Cash Income and Expenditure of Financial Institution: Inner Mongolia, Cash Income and Expenditure of Financial Institution: Jiangxi, Cash Income and Expenditure of Financial Institution: Liaoning, Cash Income and Expenditure of Financial Institution: Qinghai, Cash Income and Expenditure of Financial Institution: Shandong, Cash Income and Expenditure of Financial Institution: Shanxi, Cash Income and Expenditure of Financial Institution: Tianjin, Cash Income and Expenditure of Financial Institution: Xinjiang, Cash Income and Expenditure of Financial Institution: Zhejiang, China Construction Bank (CCB): Loan and Deposit, China Everbright Bank (CEB): Loan and Deposit: in Foreign Currency, China Merchants Bank Co Ltd (CMB): Loan and Deposit, Deposit by Enterprise: Prefecture Level City, Foreign Related Receipt and Payment of Banks on behalf of Client, Guangdong Development Bank (GDB): Loan and Deposit: in Foreign Currency, Industrial and Commercial Bank of China (ICBC): Loan and Deposit, Loan: Overdue, Closed Down and Stopped Enterprise, Loan to Agricultural Sector: Prefecture Level Region, Loan to Commercial Sector: Prefecture Level Region, Loan to Industrial Sector: Prefecture Level Region, National Interbank Funding Centre (NIBFC): Interbank Call Loan: Turnover: Daily, Official Reserve Asset and Other Foreign Currency Asset, Open Market Operation: Central Treasury Cash Management, Saving Deposit: Demand: Prefecture Level City, Saving Deposit: Time: Prefecture Level Region, Shanghai Pudong Development Bank (SPDB): Loan and Deposit: in Foreign Currency. 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