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

Key figures

What the numbers say

In 2024, Belarus' portfolio investment, bonds (PPG + PNG) (NFL, current US$) rose US$681.27 million on 2023 (from −US$681.27 million to US$0).

Across the 11 yearly changes before that (2011 to 2023), the average change was +US$20.57 million and a typical year strayed about US$1.01 billion from that (the standard deviation). This year's change was 0.7 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$1.6 billion in 2020 and the biggest yearly fall was US$1.6 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 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 9 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, Belarus had the 25th 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 Belarus in the 2024 ranking

• El Salvador — 23rd of 59: US$252.16 million
• North Macedonia — 24th of 59: US$110,000
• Armenia — 25th of 59: US$0
• Bolivia — 27th of 59: US$0
• Bosnia and Herzegovina — 28th of 59: US$0
• Guyana — 29th of 59: US$0

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 15 values

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

• Albania — US$590.95 million (2023)
• Armenia — US$0 (2024)
• Bosnia and Herzegovina — US$0 (2024)
• Bulgaria — US$870.14 million (2022)
• Georgia — US$681.5 million (2024)
• Kazakhstan — −US$462.63 million (2024)
• Montenegro — US$750 million (2024)
• North Macedonia — US$110,000 (2024)
• Russian Federation — −US$30.77 billion (2022)

More economic policy & debt data for Belarus

• Adjusted savings, education expenditure (% of GNI) — 4.45% (2021)
• Adjusted savings, mineral depletion (current US$) — US$0 (2021)
• Adjusted savings, energy depletion (current US$) — US$440.66 million (2021)
• General government final consumption expenditure (current US$) — US$17.65 billion (2025)
• General government final consumption expenditure (current LCU) — 54.18 billion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$8.15 billion (2025)
• General government final consumption expenditure (constant LCU) — 33.41 billion (2025)
• General government final consumption expenditure (% of GDP) — 18.9% (2025)

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

US$0 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2007?

It is down 100% from US$19.4 million in 2007. The highest value was US$1.76 billion in 2020 and the lowest −US$1 billion in 2015.

How does Belarus rank?

25th highest of 59 economies with data for 2024.

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

In 2024, Belarus' portfolio investment, bonds (PPG + PNG) (NFL, current US$) rose US$681.27 million on 2023 (from −US$681.27 million to US$0). Across the 11 yearly changes before that (2011 to 2023), the average change was +US$20.57 million and a typical year strayed about US$1.01 billion from that (the standard deviation). This year's change was 0.7 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.

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