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US$422 billion, 2.2% Reasonable balance! my country's current account balance of payments maintains a surplus in 2024
2025-05-02 source:CCTV.com

CCTV News: Data released by the State Administration of Foreign Exchange on February 14 showed that in 2024, my country's balance of international payments will continue to maintain a basic balance. Among them, the current account surplus is US$422 billion, and the ratio to the gross domestic product (GDP) during the same period is 2.2%, which is in a reasonable equilibrium range.

From the data, last year, my country's trade surplus in goods was US$767.9 billion, an increase of 29% from 2023, setting a record high.

In addition, last year, overseas individuals traveled to China and domestic individuals to overseas have grown rapidly, driving significant growth in travel revenue and expenditure, with year-on-year growth of 61% and 27% respectively.

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