Sub-Saharan Africa's IFC, private nonguaranteed (NFL, current US$) was US$590.2 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 99.58% from US$295.72 million in 2014 (7.15% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$590.2 million | 2024 |
| Five years earlier | US$123.24 million | 2019 |
| Ten years earlier | US$295.72 million | 2014 |
| Highest | US$830.84 million | 2023 |
| Lowest | −US$149.32 million | 2007 |
| Average since 2015 | US$434.86 million | 2015–2024 |
| First recorded | US$0 |
What the numbers say
In 2024, Sub-Saharan Africa's IFC, private nonguaranteed (NFL, current US$) fell US$240.64 million on 2023 (from US$830.84 million to US$590.2 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was +US$27.69 million and a typical year strayed about US$193.91 million from that (the standard deviation). This year's change was 1.4 standard deviations below 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$555.74 million in 2020 and the biggest yearly fall was US$287.23 million in 2019. 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$60.36 million a year. A straight line explains 52% 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.
How it compares
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| Sub-Saharan Africa | US$590.2 million | 2024 |
| World | US$5.8 billion | 2024 |
What this measures
Nonguaranteed long-term debt privately placed from the International Finance Corporation (IFC). Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 55 values
| Year | IFC, private nonguaranteed (NFL, current US$) |
|---|---|
| 2024 | 590,203,126 |
| 2023 | 830,842,541 |
| 2022 | 418,839,405 |
| 2021 | 683,001,713 |
| 2020 | 678,977,981 |
| 2019 | 123,241,622 |
| 2018 | 410,472,316 |
| 2017 | 135,341,026 |
| 2016 | 169,822,977 |
| 2015 | 307,811,276 |
| 2014 |
IFC, private nonguaranteed (NFL, current US$) in nearby economies
- Afghanistan — US$0 (2024)
- Algeria — US$0 (2024)
- Djibouti — US$0 (2024)
- Egypt, Arab Rep. — US$483.26 million (2024)
- Iran, Islamic Rep. — US$0 (2024)
- Jordan — US$35.56 million (2024)
- Lebanon — −US$6.75 million (2024)
- Morocco — US$249.64 million (2024)
- Pakistan — −US$68.88 million (2024)
- Syrian Arab Republic — US$0 (2024)
More economic policy & debt data for Sub-Saharan Africa
- Charges for the use of intellectual property, payments (BoP, current US$) — US$3.07 billion (2025)
- Portfolio equity, net inflows (BoP, current US$) — −US$459.34 million (2025)
- GDP (current US$) — US$2.21 trillion (2025)
- GDP (constant 2015 US$) — US$2.13 trillion (2025)
- GDP per capita (current US$) — US$1,673 (2025)
- GDP per capita (constant 2015 US$) — US$1,615 (2025)
- GDP (annual % growth) — 4.14% (2025)
- GDP per capita (annual % growth) — 1.64% (2025)
- Charges for the use of intellectual property, receipts (BoP, current US$) — US$473.66 million (2025)
Reading data like this
Questions people ask
- What is Sub-Saharan Africa's IFC, private nonguaranteed (NFL, current US$)?
- US$590.2 million in 2024, according to the World Bank (World Development Indicators).
- Is the latest change in IFC, private nonguaranteed (NFL, current US$) unusual for Sub-Saharan Africa?
- In 2024, Sub-Saharan Africa's IFC, private nonguaranteed (NFL, current US$) fell US$240.64 million on 2023 (from US$830.84 million to US$590.2 million). Across the 30 yearly changes before that (1994 to 2023), the average change was +US$27.69 million and a typical year strayed about US$193.91 million from that (the standard deviation). This year's change was 1.4 standard deviations below 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.NIFC.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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