Sub-Saharan Africa (excluding high income): Net financial flows, RDB nonconcessional (NFL, current US$)

Key figures

What the numbers say

In 2024, Sub-Saharan Africa (excluding high income)'s net financial flows, RDB nonconcessional (NFL, current US$) rose US$1.24 billion on 2023 (from US$1.23 billion to US$2.48 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +US$24.73 million and a typical year strayed about US$584.67 million from that (the standard deviation). This year's change was 2.1 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was US$1.87 billion in 2017 and the biggest yearly fall was US$1.41 billion in 2021. 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$149.18 million a year. A straight line explains 31% 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.

What this measures

Net financial flows received by the borrower during the year are disbursements of loans and credits less repayments of principal. Nonconcessional financial flows cover all disbursements except those made through concessional lending facilities. Regional development banks are the African Development Bank, in Tunis, Tunisia, which serves all of Africa, including North Africa; the Asian Development Bank, in Manila, Philippines, which serves South and Central Asia and East Asia and Pacific; the European Bank for Reconstruction and Development, in London, United Kingdom, which serves Europe and Central Asia; and the Inter-American Development Bank, in Washington, D.C., which serves the Americas. Aggregates include amounts for economies not specified elsewhere. Data are in current U.S. dollars.

Regional and income-group figures are computed by the World Bank as a sum.

All 55 values

Net financial flows, RDB nonconcessional (NFL, current US$) in nearby economies

• Algeria — −US$64.84 million (2024)
• Egypt, Arab Rep. — US$10.4 million (2024)
• Morocco — US$123.05 million (2024)
• Pakistan — US$805.17 million (2024)
• Tunisia — US$229.9 million (2024)

More economic policy & debt data for Sub-Saharan Africa (excluding high income)

• Charges for the use of intellectual property, payments (BoP, current US$) — US$3.07 billion (2025)
• Portfolio equity, net inflows (BoP, current US$) — −US$472.27 million (2025)
• GDP (current US$) — US$2.21 trillion (2025)
• GDP (constant 2015 US$) — US$2.13 trillion (2025)
• GDP per capita (current US$) — US$1,671 (2025)
• GDP per capita (constant 2015 US$) — US$1,614 (2025)
• GDP (annual % growth) — 4.14% (2025)
• GDP per capita (annual % growth) — 1.64% (2025)

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Questions people ask

What is Sub-Saharan Africa (excluding high income)'s net financial flows, RDB nonconcessional (NFL, current US$)?

US$2.48 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1970?

It is up 291,169% from US$850,000 in 1970 (15.92% a year on average, compounded). The highest value was US$2.48 billion in 2024 and the lowest −US$399.75 million in 2007.

Is the latest change in net financial flows, RDB nonconcessional (NFL, current US$) unusual for Sub-Saharan Africa (excluding high income)?

In 2024, Sub-Saharan Africa (excluding high income)'s net financial flows, RDB nonconcessional (NFL, current US$) rose US$1.24 billion on 2023 (from US$1.23 billion to US$2.48 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +US$24.73 million and a typical year strayed about US$584.67 million from that (the standard deviation). This year's change was 2.1 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator DT.NFL.RDBN.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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