China's PPG, IDA (DOD, current US$) was US$1.42 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 99.97% from US$4.99 billion in 2014 (55.79% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$1.42 million | 2024 |
| Five years earlier | US$1.2 billion | 2019 |
| Ten years earlier | US$4.99 billion | 2014 |
| Highest | US$10.88 billion | 2004 |
| Lowest | US$0 | 1981 |
| Average since 2015 | US$1.41 billion | 2015–2024 |
| First recorded | US$0 |
What the numbers say
In 2024, China's PPG, IDA (DOD, current US$) fell US$106.1 million on 2023 (from US$107.53 million to US$1.42 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was −US$173.93 million and a typical year strayed about US$677.01 million from that (the standard deviation). This year's change was 0.1 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$982.37 million in 1994 and the biggest yearly fall was US$1.53 billion in 2011. 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$433.15 million a year. A straight line explains 93% 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 87th highest value of the 94 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$1.42 million | 2024 |
| Upper middle income | US$12.23 billion | 2024 |
Closest to China in the 2024 ranking
- São Tomé and Principe — 84th of 94: US$8.97 million
- Philippines — 85th of 94: US$8.88 million
- Montenegro — 86th of 94: US$3.85 million
- El Salvador — 88th of 94: US$360,000
- Paraguay — 89th of 94: US$300,000
- Morocco — 90th of 94: US$98,000
What this measures
Public and publicly guaranteed debt outstanding from the International Development Association (IDA) is concessional. Concessional debt is defined as loans with an original grant element of 35 percent or more. The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 5 percent. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 44 values
| Year | PPG, IDA (DOD, current US$) |
|---|---|
| 2024 | 1,421,000 |
| 2023 | 107,525,000 |
| 2022 | 269,401,000 |
| 2021 | 499,688,000 |
| 2020 | 826,967,000 |
| 2019 | 1,203,417,000 |
| 2018 | 1,723,689,000 |
| 2017 | 2,449,267,000 |
| 2016 | 3,069,185,000 |
| 2015 | 3,978,170,000 |
| 2014 |
PPG, IDA (DOD, current US$) in nearby economies
- Cambodia — US$1.65 billion (2024)
- Indonesia — US$72.67 million (2024)
- Lao PDR — US$886.79 million (2024)
- Mongolia — US$761.32 million (2024)
- Myanmar — US$1.45 billion (2024)
- Papua New Guinea — US$580.78 million (2024)
- Philippines — US$8.88 million (2024)
- Samoa — US$89.87 million (2024)
- Solomon Islands — US$124.63 million (2024)
- Timor-Leste — US$45.14 million (2024)
- Tonga — US$40.24 million (2024)
More economic policy & debt data for China
- Exports of goods and services (current US$) — 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$816.19 billion (2025)
- External balance on goods and services (current LCU) — 5.87 trillion (2025)
- External balance on goods and services (% of GDP) — 4.19% (2025)
Reading data like this
Questions people ask
- What is China's PPG, IDA (DOD, current US$)?
- US$1.42 million in 2024, according to the World Bank (World Development Indicators).
- How does China rank?
- 87th highest of 94 economies with data for 2024.
- Is the latest change in PPG, IDA (DOD, current US$) unusual for China?
- In 2024, China's PPG, IDA (DOD, current US$) fell US$106.1 million on 2023 (from US$107.53 million to US$1.42 million). Across the 30 yearly changes before that (1994 to 2023), the average change was −US$173.93 million and a typical year strayed about US$677.01 million from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
- 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.MIDA.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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