South Asia's PPG, private creditors (NFL, current US$) was US$21.64 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 35.57% from US$33.58 billion in 2014 (4.3% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$21.64 billion | 2024 |
| Five years earlier | US$10.49 billion | 2019 |
| Ten years earlier | US$33.58 billion | 2014 |
| Highest | US$33.58 billion | 2014 |
| Lowest | −US$11.66 billion | 2020 |
| Average since 2015 | US$5.83 billion | 2015–2024 |
| First recorded | −US$51.88 million |
What the numbers say
In 2024, South Asia's PPG, private creditors (NFL, current US$) rose US$17.32 billion on 2023 (from US$4.31 billion to US$21.64 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +US$76.57 million and a typical year strayed about US$14.23 billion from that (the standard deviation). This year's change was 1.2 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was US$35.23 billion in 2017 and the biggest yearly fall was US$29.84 billion in 2018. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
What this measures
Public and publicly guaranteed debt from private creditors include bonds that are either publicly issued or privately placed; commercial bank loans from private banks and other private financial institutions; and other private credits from manufacturers, exporters, and other suppliers of goods, and bank credits covered by a guarantee of an export credit agency. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 55 values
| Year | PPG, private creditors (NFL, current US$) |
|---|---|
| 2024 | 21,637,024,000 |
| 2023 | 4,314,318,000 |
| 2022 | -2,674,270,000 |
| 2021 | 10,172,690,000 |
| 2020 | -11,656,141,000 |
| 2019 | 10,491,181,000 |
| 2018 | -3,263,845,000 |
| 2017 | 26,572,443,000 |
| 2016 | -8,659,398,000 |
| 2015 | 11,362,359,000 |
PPG, private creditors (NFL, current US$) in nearby economies
- Algeria — −US$58,000 (2023)
- Djibouti — −US$198,000 (2017)
- Egypt, Arab Rep. — −US$2.31 billion (2024)
- Iran, Islamic Rep. — −US$20.97 million (2024)
- Iraq — −US$658.21 million (2024)
- Jordan — US$207.76 million (2024)
- Lebanon — US$0 (2024)
- Morocco — US$494.36 million (2024)
- Pakistan — −US$945.11 million (2024)
- Syrian Arab Republic — US$0 (2024)
More economic policy & debt data for South Asia
- General government final consumption expenditure (current US$) — US$465.69 billion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$375.66 billion (2025)
- General government final consumption expenditure (% of GDP) — 10.17% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$2.69 trillion (2025)
- Households and NPISHs final consumption expenditure (constant 2015 US$) — US$2.54 trillion (2025)
- Households and NPISHs final consumption expenditure per capita (constant 2015 US$) — US$1,504 (2025)
- Households and NPISHs final consumption expenditure (% of GDP) — 58.74% (2025)
- Final consumption expenditure (current US$)
Reading data like this
Questions people ask
- What is South Asia's PPG, private creditors (NFL, current US$)?
- US$21.64 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 41,808% from −US$51.88 million in 1970. The highest value was US$33.58 billion in 2014 and the lowest −US$11.66 billion in 2020.
- Is the latest change in PPG, private creditors (NFL, current US$) unusual for South Asia?
- In 2024, South Asia's PPG, private creditors (NFL, current US$) rose US$17.32 billion on 2023 (from US$4.31 billion to US$21.64 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +US$76.57 million and a typical year strayed about US$14.23 billion from that (the standard deviation). This year's change was 1.2 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
- 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.NFL.PRVT.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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