Sub-Saharan Africa (excluding high income)'s PPG, bonds (NFL, current US$) was US$12.81 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 2.96% from US$13.2 billion in 2014 (0.3% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$12.81 billion | 2024 |
| Five years earlier | US$19.71 billion | 2019 |
| Ten years earlier | US$13.2 billion | 2014 |
| Highest | US$19.71 billion | 2019 |
| Lowest | −US$4.12 billion | 2015 |
| Average since 2015 | US$7.23 billion | 2015–2024 |
| First recorded | −US$14.03 million |
What the numbers say
In 2024, Sub-Saharan Africa (excluding high income)'s PPG, bonds (NFL, current US$) rose US$16.32 billion on 2023 (from −US$3.51 billion to US$12.81 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was −US$116.06 million and a typical year strayed about US$7.33 billion from that (the standard deviation). This year's change was 2.2 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$16.32 billion in 2024 and the biggest yearly fall was US$20.18 billion in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 3% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
What this measures
Public and publicly guaranteed debt from bonds that are either publicly issued or privately placed. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 55 values
| Year | PPG, bonds (NFL, current US$) |
|---|---|
| 2024 | 12,808,218,000 |
| 2023 | -3,511,838,000 |
| 2022 | -2,220,816,000 |
| 2021 | 7,852,933,000 |
| 2020 | -470,537,000 |
| 2019 | 19,709,043,000 |
| 2018 | 11,983,620,000 |
| 2017 | 19,312,844,000 |
| 2016 | 10,952,996,000 |
| 2015 | -4,116,048,000 |
| 2014 |
PPG, bonds (NFL, current US$) in nearby economies
More economic policy & debt data for Sub-Saharan Africa (excluding high income)
- Charges for the use of intellectual property, payments (BoP, current US$) — 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$1,614 (2025)
- GDP (annual % growth) — 4.14% (2025)
- GDP per capita (annual % growth) — 1.64% (2025)
Reading data like this
Questions people ask
- What is Sub-Saharan Africa (excluding high income)'s PPG, bonds (NFL, current US$)?
- US$12.81 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 91,405% from −US$14.03 million in 1970. The highest value was US$19.71 billion in 2019 and the lowest −US$4.12 billion in 2015.
- Is the latest change in PPG, bonds (NFL, current US$) unusual for Sub-Saharan Africa (excluding high income)?
- In 2024, Sub-Saharan Africa (excluding high income)'s PPG, bonds (NFL, current US$) rose US$16.32 billion on 2023 (from −US$3.51 billion to US$12.81 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was −US$116.06 million and a typical year strayed about US$7.33 billion from that (the standard deviation). This year's change was 2.2 standard deviations above that average, so it was unusually large compared with the rest of the record.
- Where does this data come from?
Source
World Bank, World Development Indicators, indicator DT.NFL.PBND.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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