Argentina: PNG, bonds (NFL, current US$)

Key figures

What the numbers say

In 2024, Argentina's PNG, bonds (NFL, current US$) fell US$247.9 million on 2023 (from −US$1.33 billion to −US$1.57 billion).

Across the 30 yearly changes before that (1991 to 2023), the average change was −US$52.26 million and a typical year strayed about US$1.63 billion from that (the standard deviation). This year's change was 0.1 standard deviations below 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 US$2.33 billion in 2017 and the biggest yearly fall was US$4.2 billion in 2018. 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 the straight-line trend is downward, about US$609.46 million a year. A straight line explains 63% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Argentina had the 16th highest value of the 19 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 Argentina in the 2024 ranking

• Colombia — 12th of 19: −US$300 million
• Jamaica — 13th of 19: −US$600 million
• Ukraine — 14th of 19: −US$648.21 million
• Thailand — 16th of 19: −US$1.78 billion
• Mexico — 17th of 19: −US$1.98 billion
• Indonesia — 18th of 19: −US$3.52 billion

What this measures

Nonguaranteed long-term debt from bonds that are privately placed. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.

Regional and income-group figures are computed by the World Bank as a sum.

All 33 values

PNG, bonds (NFL, current US$) in nearby economies

• Brazil — US$7.61 billion (2024)
• Colombia — −US$300 million (2024)
• Dominican Republic — US$300 million (2021)
• Guatemala — US$2 billion (2022)
• Jamaica — −US$600 million (2024)
• Mexico — −US$1.98 billion (2024)
• Peru — US$2.27 billion (2024)

More economic policy & debt data for Argentina

• Total reserves, including gold (current US$) — US$41 billion (2025)
• Total reserves, excluding gold (current US$) — US$32.33 billion (2025)
• Final consumption expenditure (current US$) — US$580.02 billion (2025)
• Final consumption expenditure (current LCU) — 719.72 trillion (2025)
• Final consumption expenditure (constant 2015 US$) — US$522.52 billion (2025)
• Final consumption expenditure (constant LCU) — 646.27 billion (2025)
• Final consumption expenditure (% of GDP) — 84.91% (2025)
• Gross national expenditure deflator (base year varies by country) — 107,789 (2025)
• Gross national expenditure (current US$)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Argentina's PNG, bonds (NFL, current US$)?

−US$1.57 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is down 7,599% from US$21 million in 1990. The highest value was US$5.51 billion in 2017 and the lowest −US$2.01 billion in 2008.

How does Argentina rank?

16th highest of 19 economies with data for 2024.

Is the latest change in PNG, bonds (NFL, current US$) unusual for Argentina?

In 2024, Argentina's PNG, bonds (NFL, current US$) fell US$247.9 million on 2023 (from −US$1.33 billion to −US$1.57 billion). Across the 30 yearly changes before that (1991 to 2023), the average change was −US$52.26 million and a typical year strayed about US$1.63 billion from that (the standard deviation). This year's change was 0.1 standard deviations below 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 DT.NFL.PNGB.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB), uri: https://www.worldbank.org/en/programs/debt-statistics, note: https://www.worldbank.org/en/programs/debt-statistics 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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