China's PPG, IBRD (DOD, current US$) was US$14.69 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 13.86% from US$12.9 billion in 2014 (1.31% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$14.69 billion | 2024 |
| Five years earlier | US$15.07 billion | 2019 |
| Ten years earlier | US$12.9 billion | 2014 |
| Highest | US$16.09 billion | 2021 |
| Lowest | US$0 | 1981 |
| Average since 2015 | US$14.69 billion | 2015–2024 |
| First recorded | US$0 |
What the numbers say
In 2024, China's PPG, IBRD (DOD, current US$) fell US$654.38 million on 2023 (from US$15.34 billion to US$14.69 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +US$359.69 million and a typical year strayed about US$494.45 million from that (the standard deviation). This year's change was 2.1 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$1.41 billion in 1998 and the biggest yearly fall was US$654.38 million in 2024. 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 upward, about US$271.74 million a year. A straight line explains 61% 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 7th highest value of the 62 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$14.69 billion | 2024 |
| Upper middle income | US$162.69 billion | 2024 |
Closest to China in the 2024 ranking
- Ukraine — 3rd of 62: US$16.68 billion
- Colombia — 4th of 62: US$16.24 billion
- Brazil — 5th of 62: US$15.13 billion
- Philippines — 7th of 62: US$14.59 billion
- Mexico — 8th of 62: US$14.27 billion
- Egypt, Arab Rep. — 9th of 62: US$12.19 billion
What this measures
Public and publicly guaranteed debt outstanding from the International Bank for Reconstruction and Development (IBRD) is nonconcessional. Nonconcessional debt excludes loans with an original grant element of 35 percent or more. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 44 values
| Year | PPG, IBRD (DOD, current US$) |
|---|---|
| 2024 | 14,685,262,000 |
| 2023 | 15,339,644,000 |
| 2022 | 15,797,876,000 |
| 2021 | 16,085,112,000 |
| 2020 | 15,408,995,000 |
| 2019 | 15,067,104,000 |
| 2018 | 14,371,236,000 |
| 2017 | 13,906,782,000 |
| 2016 | 13,145,616,000 |
| 2015 | 13,069,721,000 |
| 2014 |
PPG, IBRD (DOD, current US$) in nearby economies
- Fiji — US$183.01 million (2024)
- Indonesia — US$21.5 billion (2024)
- Papua New Guinea — US$3.1 million (2024)
- Philippines — US$14.59 billion (2024)
- Thailand — US$499.6 million (2024)
- Timor-Leste — US$12.66 million (2024)
- Viet Nam — US$2.14 billion (2024)
More economic policy & debt data for China
- Exports of goods and services (current US$) — 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$816.19 billion (2025)
- External balance on goods and services (current LCU) — 5.87 trillion (2025)
- External balance on goods and services (% of GDP) — 4.19% (2025)
Reading data like this
Questions people ask
- What is China's PPG, IBRD (DOD, current US$)?
- US$14.69 billion in 2024, according to the World Bank (World Development Indicators).
- How does China rank?
- 7th highest of 62 economies with data for 2024.
- Is the latest change in PPG, IBRD (DOD, current US$) unusual for China?
- In 2024, China's PPG, IBRD (DOD, current US$) fell US$654.38 million on 2023 (from US$15.34 billion to US$14.69 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +US$359.69 million and a typical year strayed about US$494.45 million from that (the standard deviation). This year's change was 2.1 standard deviations below that average, so it was unusually large compared with the rest of the record.
- Where does this data come from?
- The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB).
Source
World Bank, World Development Indicators, indicator DT.DOD.MIBR.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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