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Economy of China vs Slovakia compared: GDP & Debt

Updated on by Georank team

China has a GDP of $18.7T compared to $141B for Slovakia, ranking 2/197 and 61/197 by economy size, respectively.

China has $16.6T in government debt (88.3% of GDP), compared to $80.7B (57.2% of GDP) in Slovakia.

China vs Slovakia GDP by year

China
Slovakia
1x
Year GDP, current $
China Slovakia
2024 $18,743,803,170,827 $140,934,076,532
2023 $18,270,356,654,533 $133,578,518,424
2022 $18,316,765,021,690 $115,792,972,358
2021 $18,201,698,719,564 $120,511,265,913
2020 $14,996,414,166,715 $107,732,602,896
2019 $14,560,167,101,283 $105,843,498,304
2018 $14,147,765,772,964 $106,611,673,365
2017 $12,537,559,062,283 $95,978,130,735
2016 $11,456,024,084,962 $90,347,173,229
2015 $11,280,814,787,469 $89,178,548,717
2014 $10,674,533,168,257 $101,713,075,599
2013 $9,743,124,247,267 $99,134,277,850
2012 $8,673,664,713,189 $94,724,394,278
2011 $7,671,757,207,851 $99,705,104,723
2010 $6,192,564,874,453 $91,112,160,801
2009 $5,189,577,094,998 $89,342,984,698
2008 $4,667,346,414,522 $100,830,060,553
2007 $3,604,055,822,572 $86,587,749,518
2006 $2,791,498,472,804 $70,751,813,443
2005 $2,317,551,298,052 $62,547,753,148
2004 $1,984,196,551,300 $57,215,475,076
2003 $1,683,903,309,844 $46,616,149,117
2002 $1,489,821,682,051 $35,243,658,399
2001 $1,355,036,590,252 $30,726,659,551
2000 $1,223,754,919,971 $29,215,726,005
1999 $1,103,843,203,576 $30,496,272,225
1998 $1,037,134,141,760 $29,976,207,629
1997 $967,753,570,435 $27,844,628,979
1996 $868,523,936,530 $28,197,790,875
1995 $738,190,896,228 $26,180,022,222
1994 $566,929,539,493 $20,428,139,756
1993 $446,557,291,212 $16,737,973,764
1992 $428,502,354,788 $15,699,327,209
1991 $384,510,452,962 $14,459,924,589
1990 $361,560,229,446 $12,915,046,978
1989 $348,380,566,802 -
1988 $312,888,888,889 -
1987 $273,455,156,951 -
1986 $301,310,144,928 -
1985 $310,064,625,850 -
1984 $260,442,857,143 -
1983 $231,130,268,199 -
1982 $205,480,916,031 -
1981 $196,218,253,968 -
1980 $191,487,500,000 -
1979 $178,573,913,043 -
1978 $149,788,617,886 -
1977 $175,226,595,860 -
1976 $154,196,810,059 -
1975 $163,687,619,736 -
1974 $144,418,433,058 -
1973 $138,764,340,892 -
1972 $113,871,930,714 -
1971 $99,959,013,880 -
1970 $92,752,930,873 -
1969 $79,847,786,729 -
1968 $70,980,323,819 -
1967 $73,011,350,596 -
1966 $76,854,053,259 -
1965 $70,565,994,356 -
1964 $59,821,862,703 -
1963 $50,812,227,919 -
1962 $47,310,737,754 -
1961 $50,162,299,350 -
1960 $59,846,235,025 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/china/slovakia | CC BY

GDP per capita in China vs Slovakia by year

China
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
China Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $13,303 $27,105 $25,993 $48,132
2023 $12,951 $25,179 $24,615 $45,974
2022 $12,971 $23,032 $21,318 $41,562
2021 $12,887 $20,843 $22,123 $38,346
2020 $10,627 $18,267 $19,735 $35,328
2019 $10,343 $17,601 $19,406 $33,986
2018 $10,086 $16,298 $19,573 $31,510
2017 $8,980 $15,022 $17,646 $30,246
2016 $8,255 $14,157 $16,636 $29,868
2015 $8,175 $13,463 $16,442 $30,148
2014 $7,781 $12,942 $18,771 $29,108
2013 $7,147 $12,228 $18,313 $28,075
2012 $6,405 $11,420 $17,517 $27,023
2011 $5,704 $10,457 $18,469 $26,202
2010 $4,629 $9,411 $16,899 $25,382
2009 $3,898 $8,448 $16,587 $23,077
2008 $3,523 $7,713 $18,744 $23,714
2007 $2,735 $6,935 $16,110 $21,232
2006 $2,129 $5,946 $13,168 $18,906
2005 $1,778 $5,148 $11,642 $16,570
2004 $1,531 $4,505 $10,650 $15,166
2003 $1,307 $4,007 $8,675 $14,088
2002 $1,164 $3,591 $6,555 $13,292
2001 $1,065 $3,258 $5,712 $12,367
2000 $969 $2,964 $5,422 $11,370
1999 $881 $2,690 $5,652 $10,726
1998 $835 $2,483 $5,561 $10,666
1997 $787 $2,297 $5,172 $10,137
1996 $713 $2,088 $5,248 $9,500
1995 $613 $1,884 $4,883 $8,812
1994 $476 $1,680 $3,821 $8,178
1993 $379 $1,471 $3,143 $7,569
1992 $368 $1,276 $2,959 $7,270
1991 $334 $1,105 $2,727 $7,623
1990 $319 $991 $2,437 $8,638
1989 $311 - - -
1988 $284 - - -
1987 $252.3 - - -
1986 $282.4 - - -
1985 $295 - - -
1984 $251.2 - - -
1983 $225.9 - - -
1982 $203.7 - - -
1981 $197.4 - - -
1980 $195.1 - - -
1979 $184.3 - - -
1978 $156.7 - - -
1977 $185.7 - - -
1976 $165.7 - - -
1975 $178.6 - - -
1974 $160.4 - - -
1973 $157.3 - - -
1972 $132.1 - - -
1971 $118.8 - - -
1970 $113.3 - - -
1969 $100.3 - - -
1968 $91.6 - - -
1967 $96.8 - - -
1966 $104.5 - - -
1965 $98.7 - - -
1964 $85.7 - - -
1963 $74.5 - - -
1962 $71.1 - - -
1961 $76 - - -
1960 $89.7 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/china/slovakia | CC BY

China's GDP per capita is $13,303, ranking 76/197, compared to $25,993 in Slovakia, ranking 47/197. Adjusted for purchasing power (GDP per capita PPP), China ranks 77th at $27,105, while Slovakia ranks 49th at $48,132.

Economic indicators

China Slovakia
Gross domestic product
$18.7T
2024
$141B
2024
GDP rank
2/197
2024
61/197
2024
GDP growth
4.98%
2023-2024
1.94%
2023-2024
GDP per capita
$13,303
2024
$25,993
2024
GDP per capita rank
76/197
2024
47/197
2024
GDP per capita, PPP
$27,105
2024
$48,132
2024
GDP per capita PPP rank
77/197
2024
49/197
2024
Government debt
$16.6T
2024
$80.7B
2024
Debt-to-GDP ratio
88.3%
2024
57.2%
2024
Government debt per person
$11,749
2024
$14,876
2024
Government debt per person rank
47/185
2024
40/185
2024
Average annual personal income after taxes
$9,826
2026
$17,983
2026
Market capitalization of domestic companies
$11.8T
2024
$5.38B
2014
Number of millionaires
6,327,000
2025
n/a
Number of billionaires
450
2025
2
2025
Income share by richest 10%
28.4%
2022
18.8%
2023
Income share by poorest 10%
3.1%
2022
3.3%
2023
Government expenditure, % of GDP
32.9%
2024
47.1%
2024
Consumer prices inflation
0.2%
2023-2024
2.76%
2023-2024
Central bank interest rate
3.1%
2024
n/a
Unemployment rate
5.11%
2021
5.34%
2024
Population
1402578808
5359438

Spending and national debt comparison by year

China
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
China Slovakia
Government spending Government debt Government spending Government debt
2024 32.9% 88.3% 47.1% 57.2%
2023 32.7% 82% 48% 55.6%
2022 32.6% 75.5% 43% 57.7%
2021 31.9% 70.1% 44.9% 60.2%
2020 34.8% 69% 44.5% 58.4%
2019 33.6% 59.4% 40.6% 48%
2018 32.6% 55.6% 39.7% 49.3%
2017 32% 53.9% 39.8% 51.4%
2016 31.7% 49.7% 40.9% 52.1%
2015 31% 40.8% 44.1% 51.6%
2014 28.4% 39.3% 42% 53.4%
2013 28.1% 36.4% 41.1% 54.6%
2012 27.7% 33.8% 40% 51.7%
2011 26.6% 33.2% 40.8% 43.3%
2010 24.7% 33.3% 41% 40.7%
2009 25.2% 34% 43.2% 36.4%
2008 22.2% 26.7% 36.5% 28.6%
2007 17.9% 28.7% 35.9% 30.4%
2006 18.1% 25.2% 38.2% 31.5%
2005 18% 25.9% 39.1% 35%
2004 17.6% 26% 38.4% 42%
2003 18% 26.4% 40% 43.6%
2002 18.2% 25.6% 46% 45.6%
2001 17.2% 24.3% 46.2% 51.4%
2000 16.1% 22.7% 53.2% 50.6%
1999 14.9% 21.6% 48.4% 47.1%
1998 12.6% 20.4% 46.2% 33.9%
1997 11.5% 20.4% 48.6% 32.8%
1996 11% 21.2% 52.8% 30.3%
1995 11.1% 21.4% 47.8% 21.3%
1994 12.4% - - -
1993 13.4% - - -
1992 14.6% - - -
1991 16.5% - - -
1990 18.2% - - -
1989 18.6% - - -
1988 20.9% 4.46% - -
1987 23.4% 3.6% - -
1986 25.6% 3.24% - -
1985 25.8% 3.31% - -
1984 26.9% 0.97% - -
1983 28.3% - - -
1982 27.9% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

GeoRank.org/economy/china/slovakia | CC BY

In 2024, China's government spending was $6.18T, accounting for 32.9% of its GDP, while Slovakia spent $66.4B, or 47.1% of GDP.

Debt-to-GDP ratio is 88.3% in China and 57.2% in Slovakia, ranking 34/185 and 90/185, respectively.

Government deficit by year

Deficit/surplus
China

Slovakia
1x
Year Deficit/surplus, % of GDP
China Slovakia
2024 -7.34% -5.27%
2023 -6.71% -5.15%
2022 -7.32% -1.16%
2021 -5.9% -5.09%
2020 -9.56% -5.3%
2019 -6% -1.21%
2018 -4.2% -1.01%
2017 -3.34% -0.98%
2016 -3.33% -2.59%
2015 -2.5% -2.78%
2014 -0.67% -3.25%
2013 -0.82% -2.86%
2012 -0.3% -4.37%
2011 -0.1% -4.36%
2010 -0.36% -7.44%
2009 -1.72% -8.18%
2008 -0.02% -2.54%
2007 0.06% -2.26%
2006 -1.13% -3.57%
2005 -1.38% -2.86%
2004 -1.49% -2.36%
2003 -2.36% -2.28%
2002 -2.84% -8.35%
2001 -2.56% -7.74%
2000 -2.81% -12.7%
1999 -2.3% -7.25%
1998 -1.08% -5.37%
1997 -0.73% -6.24%
1996 -0.73% -9.72%
1995 -0.94% -3.43%
1994 -1.68% -
1993 -0.89% -
1992 -1.22% -
1991 -1.04% -
1990 -0.72% -
1989 -0.91% -
1988 -2.22% -
1987 -2.08% -
1986 -1.82% -
1985 -0.45% -
1984 -1.44% -
1983 -1.61% -
1982 -1.33% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

GeoRank.org/economy/china/slovakia | CC BY

In 2024, China's government deficit, the difference between spending and revenue, was $1.38T, equivalent to 7.34% of GDP. This compares to Slovakia's deficit of $7.43B, or 5.27% of GDP.

Over the past 30 years, China recorded a fiscal deficit in 29 of those years, while Slovakia ran a deficit in 30 years. On average, China posted an annual deficit equal to 2.68% of GDP, compared to deficit of 4.59% of GDP for Slovakia.

Inflation comparison by year

Inflation
China

Slovakia
1x
Year Consumer prices inflation
China Slovakia
2024 0.2% 2.76%
2023 0.2% 10.5%
2022 2% 12.8%
2021 0.9% 3.15%
2020 2.5% 1.94%
2019 2.9% 2.66%
2018 2.1% 2.51%
2017 1.6% 1.31%
2016 2% -0.52%
2015 1.5% -0.33%
2014 2% -0.08%
2013 2.7% 1.4%
2012 2.6% 3.61%
2011 5.4% 3.92%
2010 3.3% 0.96%
2009 -0.7% 1.62%
2008 5.9% 4.6%
2007 4.7% 2.76%
2006 1.5% 4.48%
2005 1.8% 2.71%
2004 3.9% 7.55%
2003 1.1% 8.55%
2002 -0.8% 3.13%
2001 0.7% 7.33%
2000 0.4% 12%
1999 -1.4% 10.6%
1998 -0.8% 6.67%
1997 2.8% 6.14%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/china/slovakia | CC BY

Over the past 28 years, China has recorded an average annual inflation rate of 1.82%, compared with 4.45% in Slovakia. In 2024, inflation was 0.2% in China and 2.76% in Slovakia.

Top exports between countries

China
Export category Export value
Machinery & equipment $3.17B
Textiles & consumer goods $285M
Metals $228M
Miscellaneous $95.7M
Chemicals & pharma $78.3M
Raw materials & minerals $37.5M
Processed food, beverages & tobacco $16.6M
Raw agricultural goods $11.2M
Wood & paper products $9.61M
Precious metals & jewellery $4.09M
Slovakia
Export category Export value
Machinery & equipment $2.52B
Transport & tourism services $45.4M
Metals $44.9M
Wood & paper products $42.6M
Textiles & consumer goods $30.4M
Chemicals & pharma $29.4M
Raw materials & minerals $11.7M
Business & finance services $8.54M
Processed food, beverages & tobacco $1.48M
Manufacturing & construction services $1.26M

Balance of trade

China Slovakia
Current account balance
$424B
2024
-$6.5B
2024
Current account balance ranking
1/190
2024
171/190
2024
Current account balance, % of GDP
+2.26%
2024
-4.61%
2024
Goods imports
$2.64T
2024
$107B
2024
Goods exports
$3.41T
2024
$106B
2024
Service imports
$613B
2024
$13.2B
2024
Service exports
$384B
2024
$13.9B
2024
Imports of goods and services, % of GDP
17.2%
2024
85.7%
2024
Exports of goods and services, % of GDP
20%
2024
85.5%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

China Slovakia
Economic freedom 48.3 67.7
Economic freedom ranking 170/197 54/197
Property rights 40.9 82.6
Government integrity 42.3 57.2
Judicial effectiveness 38.6 70.5
Tax burden 69.3 75.4
Government spending 67.8 36.4
Fiscal health 4.4 69.6
Business freedom 68.7 71.1
Labor freedom 57.9 55.1
Monetary freedom 76.1 69.7
Trade freedom 73.4 79.4
Investment freedom 20 75
Financial freedom 20 70

Economic freedom comparison by year

China
Slovakia
1x
Year Economic freedom index
China Slovakia
2026 48.3 67.7
2025 49 68.4
2024 48.5 68.1
2023 48.3 69
2022 48 69.7
2021 58.4 66.3
2020 59.5 66.8
2019 58.4 65
2018 57.8 65.3
2017 57.4 65.7
2016 52 66.6
2015 52.7 67.2
2014 52.5 66.4
2013 51.9 68.7
2012 51.2 67
2011 52 69.5
2010 51 69.7
2009 53.2 69.4
2008 53.1 70
2007 52 69.6
2006 53.6 69.8
2005 53.7 66.8
2004 52.5 64.6
2003 52.6 59
2002 52.8 59.8
2001 52.6 58.5
2000 56.4 53.8
1999 54.8 54.2
1998 53.1 57.5
1997 51.7 55.5
1996 51.3 57.6
1995 52 60.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/china/slovakia | CC BY

The Economic Freedom Index for China is 48.3, ranking 170/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

China Slovakia
Services, % of GDP
56.7%
2024
60%
2024
Industry, % of GDP
36.5%
2024
28.9%
2024
Agriculture, forestry, and fishing, % of GDP
6.78%
2024
1.58%
2024
GNI, Atlas method
$19.3T
2024
$128B
2024
GNI per capita, PPP
$26,920
2024
$47,040
2024
Total reserves including gold
$3.46T
2024
$14.5B
2024
Total reserves ranking
1/177
2024
68/177
2024
Net foreign direct investment
$154B
2024
-$2.77B
2024
Net inflows of foreign direct investment
$18.6B
2024
$5.01B
2024
Net outflows of foreign direct investment
$172B
2024
$2.24B
2024
Servicing debt to the IMF, % of GNI
1.89%
2024
n/a
Poverty at national poverty lines
0%
2020
13.7%
2021
Gross capital formation, % of GDP
40.6%
2024
20.1%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/china/slovakia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.