China's changes in inventories (current LCU) was 1.12 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is down 11.69% from 1.27 trillion in 2014 (1.24% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1.12 trillion | 2024 |
| Five years earlier | 421.66 billion | 2019 |
| Ten years earlier | 1.27 trillion | 2014 |
| Highest | 1.56 trillion | 2021 |
| Lowest | 300 million | 1962 |
| Average since 2015 | 953.2 billion | 2015–2024 |
| First recorded | 10.2 billion |
What the numbers say
In 2024, China's changes in inventories (current LCU) rose 28% on 2023 (from 874 billion to 1.12 trillion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +18.1% and a typical year strayed about 59.3% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 1,566.7% in 1963 and the biggest yearly fall was 93.6% in 1962. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 20% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, China had the 5th highest value of the 39 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to China in the 2024 ranking
- Iraq — 2nd of 39: 17.38 trillion
- Kazakhstan — 3rd of 39: 3.96 trillion
- Algeria — 4th of 39: 2.13 trillion
- Cameroon — 6th of 39: 233.9 billion
- Cuba — 7th of 39: 124.29 billion
- North Macedonia — 8th of 39: 67.78 billion
What this measures
Changes in inventories is the value of entries into inventories less the value of withdrawals and less the value of any recurrent losses of goods held in inventories during the accounting period.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 65 values
| Year | Changes in inventories (current LCU) |
|---|---|
| 2024 | 1,118,340,000,000 |
| 2023 | 874,000,000,000 |
| 2022 | 1,385,200,000,000 |
| 2021 | 1,561,350,000,000 |
| 2020 | 748,170,000,000 |
| 2019 | 421,660,000,000 |
| 2018 | 873,725,266,600 |
| 2017 | 958,598,673,900 |
| 2016 | 805,369,233,800 |
| 2015 | 785,627,905,100 |
Changes in inventories (current LCU) in nearby economies
- American Samoa — -29 million (2022)
- Australia — 3.68 billion (2025)
- Brunei Darussalam — 41.8 million (2025)
- Cambodia — 1.26 trillion (2025)
- Fiji — 105.5 million (2024)
- French Polynesia — -1.11 billion (2020)
- Hong Kong SAR, China — 46.96 billion (2025)
- Indonesia — 441.09 trillion (2025)
- Japan — -852.7 billion (2024)
- Kiribati — 4.56 million (2024)
More economic policy & debt data for China
- Exports of goods and services (current US$) — US$4.11 trillion (2025)
- Exports of goods and services (current LCU) — 29.54 trillion (2025)
- Exports of goods and services (% of GDP) — 21.07% (2025)
- Imports of goods and services (current US$) — US$3.29 trillion (2025)
- Imports of goods and services (current LCU) — 23.67 trillion (2025)
- Imports of goods and services (% of GDP) — 16.89% (2025)
- External balance on goods and services (current US$) — US$816.19 billion (2025)
- External balance on goods and services (current LCU) — 5.87 trillion (2025)
- External balance on goods and services (% of GDP) — 4.19% (2025)
Reading data like this
Questions people ask
- What is China's changes in inventories (current LCU)?
- 1.12 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 10,864% from 10.2 billion in 1960 (7.62% a year on average, compounded). The highest value was 1.56 trillion in 2021 and the lowest 300 million in 1962.
- How does China rank?
- 5th highest of 39 economies with data for 2024.
- Is the latest change in changes in inventories (current LCU) unusual for China?
- In 2024, China's changes in inventories (current LCU) rose 28% on 2023 (from 874 billion to 1.12 trillion). Across the 30 yearly changes before that (1994 to 2023), the average change was +18.1% and a typical year strayed about 59.3% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.GDI.STKB.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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