Prices & public finance · East Asia & Pacific · Upper-middle income
China: prices, money and public finance
Inflation is 0.1% (2025), 167th of 180 in the world and 23rd of 27 in East Asia & Pacific. GDP deflator is -0.9% (2025), 193rd of 209 in the world and 33rd of 36 in East Asia & Pacific. Lending rate is 4.3% (2024), 125th of 136 in the world and 21st of 24 in East Asia & Pacific.
Inflation
ChinaEast Asia & PacificUpper-middle incomeWorld
GDP deflator
ChinaEast Asia & PacificUpper-middle incomeWorld
12 indicators
Prices & public finance: China in detail
Latest reported value, world rank and rank within East Asia & Pacific; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 0.1%2025 | 167/180 | 23/27 | 0.3% | 3.2% | 2.4% | −1.4 ppsince 2015 | 2.0% | 3.3% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | -0.9%2025 | 193/209 | 33/36 | 2.1% | 6.9% | 0.5% | −1.1 ppsince 2015 | 2.5% | 3.3% | 3.3% | |
| Lending rateLending interest rate, % | 4.3%2024 | 125/136 | 21/24 | 5.8% | 5.8% | 4.3% | −1.2 ppsince 2014 | — | — | — | |
| Real interest rateReal interest rate, % | 5.2%2024 | 65/136 | 12/24 | 3.7% | -1.1% | 3.8% | +0.7 ppsince 2014 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 7.192025 | 113/210 | 17/36 | 8.28 | 6.77 | 6.90 | +15%since 2015 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 7.0%2024 | 133/142 | 24/25 | · | 10.0% | 7.9% | −2.5 ppsince 2014 | 10.8% | 10.4% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 14.9%2024 | 120/142 | 22/25 | · | 11.0% | 13.8% | −0.6 ppsince 2014 | 17.6% | 18.5% | 24.0% | |
| External debtExternal debt stocks, % of GNI | 13.0%2024 | 113/119 | 16/16 | 12.1% | 12.0% | 15.6% | −3.6 ppsince 2014 | — | 21.3% | — | |
| Private creditDomestic credit to private sector, % of GDP | 194.3%2024 | 3/169 | 2/25 | 110.0% | 124.4% | 179.1% | +56.7 ppsince 2014 | 175.5% | 139.0% | 140.3% | |
| Broad moneyBroad money, % of GDP | 227.7%2024 | 3/146 | 3/24 | 134.2% | 173.1% | 207.5% | +40.4 ppsince 2014 | 211.5% | 167.9% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 11.92025 | 13/165 | 4/24 | 10.9 | 21.8 | 14.5 | −33%since 2015 | 11.1 | 9.9 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 1.72%2025 | 78/156 | 8/18 | 1.82% | 1.70% | 1.72% | ±0.0 ppsince 2015 | 1.72% | 1.87% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- Inflation−1.4 pp0.1% in 2025
- External debt−3.6 pp13.0% in 2024
Worse than ten years ago
- Reserves, months of imports−33%11.9 in 2025
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
China and its neighbours
Countries sharing a land border with China. Latest values since 2005; the highest in each row is marked.
| Indicator | China | India | Pakistan | Russia | Japan | Vietnam |
|---|---|---|---|---|---|---|
| Inflation | 0.1%2025 | 2.4%2025 | 3.5%2025 | 8.7%2025 | 3.2%2025 | 3.3%2025 |
| GDP deflator | -0.9%2025 | 1.0%2025 | 4.3%2025 | 4.9%2025 | 3.4%2025 | 3.3%2025 |
| Lending rate | 4.3%2024 | 8.6%2022 | 8.7%2021 | 17.1%2024 | 1.0%2017 | 9.3%2023 |
| Real interest rate | 5.2%2024 | 5.6%2022 | -1.5%2021 | 5.8%2024 | 1.0%2017 | 7.0%2023 |
| Exchange rate | 7.192025 | 87.162025 | 281.142025 | 83.652025 | 149.662025 | 24,164.892024 |
| Tax revenue | 7.0%2024 | 6.9%2022 | — | 10.9%2024 | — | — |
| Government revenue | 14.9%2024 | 9.4%2022 | — | 27.8%2024 | — | — |
| External debt | 13.0%2024 | 18.6%2024 | 35.6%2024 | 16.8%2022 | — | 28.8%2024 |
| Private credit | 194.3%2024 | 44.0%2025 | 10.7%2025 | 54.6%2021 | 188.7%2025 | 125.0%2022 |