China's PPG, other private creditors (NFL, current US$) was −US$641.51 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 57.09% from −US$408.37 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$641.51 million | 2024 |
| Five years earlier | US$319.96 million | 2019 |
| Ten years earlier | −US$408.37 million | 2014 |
| Highest | US$5.94 billion | 1992 |
| Lowest | −US$3.99 billion | 2011 |
| Average since 2015 | −US$687.42 million | 2015–2024 |
| First recorded | US$342.3 million |
What the numbers say
In 2024, China's PPG, other private creditors (NFL, current US$) rose US$4.26 million on 2023 (from −US$645.76 million to −US$641.51 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was −US$129.86 million and a typical year strayed about US$2.2 billion 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$5.35 billion in 2013 and the biggest yearly fall was US$5.04 billion in 2014. 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 11% of the movement over 10 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, China had the 47th highest value of the 47 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$641.51 million | 2024 |
| Upper middle income | US$3.86 billion | 2024 |
Closest to China in the 2024 ranking
- Iraq — 44th of 47: −US$169.8 million
- Chad — 45th of 47: −US$173.12 million
- Congo, Rep. — 46th of 47: −US$403.16 million
What this measures
Public and publicly guaranteed other private credits from manufacturers, exporters, and other suppliers of goods, and bank credits covered by a guarantee of an export credit agency. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 44 values
| Year | PPG, other private creditors (NFL, current US$) |
|---|---|
| 2024 | -641,508,000 |
| 2023 | -645,764,000 |
| 2022 | -659,055,000 |
| 2021 | -671,017,000 |
| 2020 | -657,926,000 |
| 2019 | 319,964,000 |
| 2018 | -1,034,671,000 |
| 2017 | -257,594,000 |
| 2016 | -834,018,000 |
| 2015 | -1,792,594,000 |
PPG, other private creditors (NFL, current US$) in nearby economies
More economic policy & debt data for China
- Exports of goods and services (current US$) — 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$816.19 billion (2025)
- External balance on goods and services (current LCU) — 5.87 trillion (2025)
- External balance on goods and services (% of GDP) — 4.19% (2025)
Reading data like this
Questions people ask
- What is China's PPG, other private creditors (NFL, current US$)?
- −US$641.51 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1981?
- It is down 287.41% from US$342.3 million in 1981. The highest value was US$5.94 billion in 1992 and the lowest −US$3.99 billion in 2011.
- How does China rank?
- 47th highest of 47 economies with data for 2024.
- Is the latest change in PPG, other private creditors (NFL, current US$) unusual for China?
- In 2024, China's PPG, other private creditors (NFL, current US$) rose US$4.26 million on 2023 (from −US$645.76 million to −US$641.51 million). Across the 30 yearly changes before that (1994 to 2023), the average change was −US$129.86 million and a typical year strayed about US$2.2 billion 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.
Source
World Bank, World Development Indicators, indicator DT.NFL.PROP.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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