China's net financial flows, RDB nonconcessional (NFL, current US$) was −US$1.06 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 228.58% from US$822.01 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$1.06 billion | 2024 |
| Five years earlier | US$671.41 million | 2019 |
| Ten years earlier | US$822.01 million | 2014 |
| Highest | US$1.22 billion | 2011 |
| Lowest | −US$1.35 billion | 2003 |
| Average since 2015 | US$355.83 million | 2015–2024 |
| First recorded | US$2.71 million |
What the numbers say
In 2024, China's net financial flows, RDB nonconcessional (NFL, current US$) fell US$1.04 billion on 2023 (from −US$17.22 million to −US$1.06 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was −US$12.34 million and a typical year strayed about US$456.16 million from that (the standard deviation). This year's change was 2.3 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was US$1.59 billion in 2004 and the biggest yearly fall was US$1.35 billion in 2003. 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$154.02 million a year. A straight line explains 66% 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, China had the 77th highest value of the 77 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.
| Value | Year | |
|---|---|---|
| China | −US$1.06 billion | 2024 |
| Upper middle income | US$1.69 billion | 2024 |
Closest to China in the 2024 ranking
What this measures
Net financial flows received by the borrower during the year are disbursements of loans and credits less repayments of principal. Nonconcessional financial flows cover all disbursements except those made through concessional lending facilities. Regional development banks are the African Development Bank, in Tunis, Tunisia, which serves all of Africa, including North Africa; the Asian Development Bank, in Manila, Philippines, which serves South and Central Asia and East Asia and Pacific; the European Bank for Reconstruction and Development, in London, United Kingdom, which serves Europe and Central Asia; and the Inter-American Development Bank, in Washington, D.C., which serves the Americas. Aggregates include amounts for economies not specified elsewhere. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 37 values
| Year | Net financial flows, RDB nonconcessional (NFL, current US$) |
|---|---|
| 2024 | -1,056,930,000 |
| 2023 | -17,223,000 |
| 2022 | 234,824,000 |
| 2021 | 468,164,000 |
| 2020 | 254,174,000 |
| 2019 | 671,412,000 |
| 2018 | 742,267,000 |
| 2017 | 668,358,000 |
| 2016 | 983,138,000 |
| 2015 | 610,096,000 |
Net financial flows, RDB nonconcessional (NFL, current US$) in nearby economies
- Fiji — −US$29.82 million (2024)
- Indonesia — US$914.72 million (2024)
- Lao PDR — −US$680,000 (2024)
- Mongolia — US$94.77 million (2024)
- Papua New Guinea — US$89.4 million (2024)
- Philippines — US$725.09 million (2024)
- Thailand — −US$612.03 million (2024)
- Timor-Leste — US$1.57 million (2024)
- Viet Nam — −US$155.99 million (2024)
More economic policy & debt data for China
- Exports of goods and services (current US$) — 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$816.19 billion (2025)
- External balance on goods and services (current LCU) — 5.87 trillion (2025)
- External balance on goods and services (% of GDP) — 4.19% (2025)
Reading data like this
Questions people ask
- What is China's net financial flows, RDB nonconcessional (NFL, current US$)?
- −US$1.06 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1988?
- It is down 39,130% from US$2.71 million in 1988. The highest value was US$1.22 billion in 2011 and the lowest −US$1.35 billion in 2003.
- How does China rank?
- 77th highest of 77 economies with data for 2024.
- Is the latest change in net financial flows, RDB nonconcessional (NFL, current US$) unusual for China?
- In 2024, China's net financial flows, RDB nonconcessional (NFL, current US$) fell US$1.04 billion on 2023 (from −US$17.22 million to −US$1.06 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was −US$12.34 million and a typical year strayed about US$456.16 million from that (the standard deviation). This year's change was 2.3 standard deviations below that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator DT.NFL.RDBN.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB), uri: 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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