Argentina: Portfolio investment, bonds (PPG + PNG) (NFL, current US$)

Key figures

What the numbers say

In 2024, Argentina's portfolio investment, bonds (PPG + PNG) (NFL, current US$) rose US$4.75 billion on 2023 (from −US$2.61 billion to US$2.14 billion).

Across the 30 yearly changes before that (1992 to 2023), the average change was −US$282.1 million and a typical year strayed about US$11.24 billion from that (the standard deviation). This year's change was 0.4 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 US$36.57 billion in 2016 and the biggest yearly fall was US$40.35 billion in 2019. 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$3.37 billion a year. A straight line explains 35% 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 12th highest value of the 59 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

• Indonesia — 8th of 59: US$3.52 billion
• Côte d'Ivoire — 9th of 59: US$2.22 billion
• Nigeria — 10th of 59: US$2.2 billion
• Dominican Republic — 12th of 59: US$1.45 billion
• Guatemala — 13th of 59: US$1.4 billion
• Morocco — 14th of 59: US$1.27 billion

What this measures

Bonds are securities issued with a fixed rate of interest for a period of more than one year. They include net flows through cross-border public and publicly guaranteed and private nonguaranteed bond issues. Data are in current U.S. dollars.

Limitations: The DRS encourages debtor countries to voluntarily provide information on their short-term external obligations. By its nature, short-term external debt is difficult to monitor: loan-by-loan registration is normally impractical, and monitoring systems typically rely on information requested periodically by the central bank from the banking sector. The World Bank regards the debtor country as the authoritative source of information on its short-term debt. Where such information is not available from the debtor country, data are derived from BIS data on international bank lending based on time remaining to original maturity.

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

All 53 values

Portfolio investment, bonds (PPG + PNG) (NFL, current US$) in nearby economies

• Belize — −US$5.77 million (2024)
• Bolivia — US$0 (2024)
• Brazil — US$12.6 billion (2024)
• Colombia — US$3.76 billion (2024)
• Dominica — −US$9.78 million (2024)
• Dominican Republic — US$1.45 billion (2024)
• Ecuador — −US$1.04 billion (2024)
• El Salvador — US$252.16 million (2024)
• Grenada — −US$5.28 million (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
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Argentina's portfolio investment, bonds (PPG + PNG) (NFL, current US$)?

US$2.14 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1970?

It is up 2,052% from US$99.37 million in 1970 (5.85% a year on average, compounded). The highest value was US$39.7 billion in 2016 and the lowest −US$6.77 billion in 2019.

How does Argentina rank?

12th highest of 59 economies with data for 2024.

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

In 2024, Argentina's portfolio investment, bonds (PPG + PNG) (NFL, current US$) rose US$4.75 billion on 2023 (from −US$2.61 billion to US$2.14 billion). Across the 30 yearly changes before that (1992 to 2023), the average change was −US$282.1 million and a typical year strayed about US$11.24 billion from that (the standard deviation). This year's change was 0.4 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 DT.NFL.BOND.CD, licensed CC BY 4.0. Original source: International Debt Statistics, 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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.