Serbia's net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) was −US$139.67 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 94.57% from −US$2.57 billion in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$139.67 million | 2024 |
| Five years earlier | US$1.32 billion | 2019 |
| Ten years earlier | −US$2.57 billion | 2014 |
| Highest | US$4.2 billion | 2007 |
| Lowest | −US$2.57 billion | 2014 |
| Average since 2015 | US$722.48 million | 2015–2024 |
| First recorded | US$261 million |
What the numbers say
In 2024, Serbia's net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) fell US$2.74 billion on 2023 (from US$2.6 billion to −US$139.67 million).
Across the 30 yearly changes before that (1984 to 2023), the average change was +US$72.28 million and a typical year strayed about US$1.37 billion 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$4.14 billion in 2017 and the biggest yearly fall was US$3.29 billion in 2009. 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 8% 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, Serbia had the 51st highest value of the 79 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 | |
|---|---|---|
| Serbia | −US$139.67 million | 2024 |
| Upper middle income | −US$59.61 billion | 2024 |
Closest to Serbia in the 2024 ranking
What this measures
Private nonguaranteed external debt is an external obligation of a private debtor that is not guaranteed for repayment by a public entity. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents by residents of an economy and repayable in currency, goods, or services. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 46 values
| Year | Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) |
|---|---|
| 2024 | -139,668,000 |
| 2023 | 2,596,906,000 |
| 2022 | 538,323,000 |
| 2021 | -74,367,000 |
| 2020 | 1,850,226,000 |
| 2019 | 1,315,891,000 |
| 2018 | 894,777,000 |
| 2017 | 2,483,104,000 |
| 2016 | -1,659,566,000 |
| 2015 | -580,837,000 |
Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) in nearby economies
- Albania — US$427.28 million (2024)
- Armenia — US$278.53 million (2024)
- Azerbaijan — US$368.86 million (2024)
- Belarus — −US$824.5 million (2024)
- Bosnia and Herzegovina — US$199.7 million (2024)
- Bulgaria — US$106.5 million (2022)
- Georgia — US$525.91 million (2024)
- Kazakhstan — −US$5.32 billion (2024)
More economic policy & debt data for Serbia
- External debt stocks, total (DOD, current US$) — US$51.98 billion (2024)
- Use of IMF credit (DOD, current US$) — US$2.64 billion (2024)
- External debt stocks, long-term (DOD, current US$) — US$48.35 billion (2024)
- External debt stocks, private nonguaranteed (PNG) (DOD, current US$) — US$20.37 billion (2024)
- External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) — US$27.97 billion (2024)
- External debt stocks, short-term (DOD, current US$) — US$1 billion (2024)
- Short-term debt (% of total external debt) — 1.92% (2024)
- PPG, IBRD (DOD, current US$) — US$2.31 billion (2024)
- IBRD loans and IDA credits (DOD, current US$)
Reading data like this
Questions people ask
- What is Serbia's net flows on external debt, private nonguaranteed (PNG) (NFL, current US$)?
- −US$139.67 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is down 153.51% from US$261 million in 1970. The highest value was US$4.2 billion in 2007 and the lowest −US$2.57 billion in 2014.
- How does Serbia rank?
- 51st highest of 79 economies with data for 2024.
- Is the latest change in net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) unusual for Serbia?
- In 2024, Serbia's net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) fell US$2.74 billion on 2023 (from US$2.6 billion to −US$139.67 million). Across the 30 yearly changes before that (1984 to 2023), the average change was +US$72.28 million and a typical year strayed about US$1.37 billion 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.
Source
World Bank, World Development Indicators, indicator DT.NFL.DPNG.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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