Debt service on external debt, public and publicly guaranteed (PPG) in China
China: Debt service on external debt, public and publicly guaranteed (PPG) was 79.27 billion TDS, current US$ in 2024. ◆ Volatile
Latest (2024)
79.27 billion TDS, current US$
Change on year
down 33.3%
World rank
1st
of 122 countries
All-time high
118.78 billion TDS, current US$
in 2023
All-time low
1.72 billion TDS, current US$
in 1981
Years of data
44
1981–2024
Debt service on external debt, public and publicly guaranteed (PPG) in China, 1981–2024
Source: International Debt Statistics, World Bank (WB). Measured in TDS, current US$.
Analysis
In 2024, debt service on external debt, public and publicly guaranteed (ppg) in China stood at 79.27 billion TDS, current US$.
The figure is down 33.3% on the previous year and up 439.0% over ten years.
Over the whole period, debt service on external debt, public and publicly guaranteed (ppg) in China peaked at 118.78 billion TDS, current US$ in 2023 and was at its lowest, 1.72 billion TDS, current US$, in 1981.
That places China 1st out of 122 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service on external debt, public and publicly guaranteed (PPG) in China, year by year
| Year | TDS, current US$ | Change |
|---|---|---|
| 1981 | 1.72 billion TDS, current US$ | — |
| 1982 | 1.84 billion TDS, current US$ | +7.0% |
| 1983 | 1.91 billion TDS, current US$ | +3.7% |
| 1984 | 1.90 billion TDS, current US$ | -0.7% |
| 1985 | 1.89 billion TDS, current US$ | -0.6% |
| 1986 | 2.52 billion TDS, current US$ | +33.7% |
| 1987 | 3.08 billion TDS, current US$ | +22.2% |
| 1988 | 3.90 billion TDS, current US$ | +26.5% |
| 1989 | 4.88 billion TDS, current US$ | +25.1% |
| 1990 | 5.85 billion TDS, current US$ | +20.0% |
| 1991 | 7.08 billion TDS, current US$ | +20.9% |
| 1992 | 7.92 billion TDS, current US$ | +12.0% |
| 1993 | 9.35 billion TDS, current US$ | +18.0% |
| 1994 | 10.16 billion TDS, current US$ | +8.7% |
| 1995 | 13.69 billion TDS, current US$ | +34.8% |
| 1996 | 14.89 billion TDS, current US$ | +8.7% |
| 1997 | 16.82 billion TDS, current US$ | +12.9% |
| 1998 | 12.79 billion TDS, current US$ | -23.9% |
| 1999 | 14.50 billion TDS, current US$ | +13.4% |
| 2000 | 14.38 billion TDS, current US$ | -0.9% |
| 2001 | 13.28 billion TDS, current US$ | -7.6% |
| 2002 | 13.02 billion TDS, current US$ | -2.0% |
| 2003 | 13.98 billion TDS, current US$ | +7.4% |
| 2004 | 7.99 billion TDS, current US$ | -42.8% |
| 2005 | 8.90 billion TDS, current US$ | +11.3% |
| 2006 | 8.88 billion TDS, current US$ | -0.2% |
| 2007 | 8.64 billion TDS, current US$ | -2.7% |
| 2008 | 9.43 billion TDS, current US$ | +9.1% |
| 2009 | 8.68 billion TDS, current US$ | -7.9% |
| 2010 | 13.80 billion TDS, current US$ | +58.9% |
| 2011 | 14.14 billion TDS, current US$ | +2.5% |
| 2012 | 10.45 billion TDS, current US$ | -26.1% |
| 2013 | 12.18 billion TDS, current US$ | +16.6% |
| 2014 | 14.71 billion TDS, current US$ | +20.8% |
| 2015 | 34.62 billion TDS, current US$ | +135.4% |
| 2016 | 18.51 billion TDS, current US$ | -46.5% |
| 2017 | 18.80 billion TDS, current US$ | +1.5% |
| 2018 | 21.43 billion TDS, current US$ | +14.0% |
| 2019 | 29.30 billion TDS, current US$ | +36.8% |
| 2020 | 33.82 billion TDS, current US$ | +15.4% |
| 2021 | 50.36 billion TDS, current US$ | +48.9% |
| 2022 | 96.23 billion TDS, current US$ | +91.1% |
| 2023 | 118.78 billion TDS, current US$ | +23.4% |
| 2024 | 79.27 billion TDS, current US$ | -33.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.63 billion TDS, current US$ | 1.72 billion TDS, current US$ | 4.88 billion TDS, current US$ | 9 |
| 1990s | 11.31 billion TDS, current US$ | 5.85 billion TDS, current US$ | 16.82 billion TDS, current US$ | 10 |
| 2000s | 10.72 billion TDS, current US$ | 7.99 billion TDS, current US$ | 14.38 billion TDS, current US$ | 10 |
| 2010s | 18.79 billion TDS, current US$ | 10.45 billion TDS, current US$ | 34.62 billion TDS, current US$ | 10 |
| 2020s | 75.69 billion TDS, current US$ | 33.82 billion TDS, current US$ | 118.78 billion TDS, current US$ | 5 |
Countries ranked near China
More external debt data for China
- IFC, private nonguaranteed 319.08 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0.2265 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 0.6221 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 0.4% (2024)
- Net financial flows, IDA -105.01 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita -0.0745 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP -0 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD -596.31 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 1.9% (2024)
Frequently asked questions
- What is debt service on external debt, public and publicly guaranteed (ppg) in China?
- Debt service on external debt, public and publicly guaranteed (ppg) in China was 79.27 billion TDS, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service on external debt, public and publicly guaranteed (ppg) recorded in China?
- The highest recorded value was 118.78 billion TDS, current US$ in 2023.
- What is the lowest debt service on external debt, public and publicly guaranteed (ppg) recorded in China?
- The lowest recorded value was 1.72 billion TDS, current US$ in 1981.
- How does China rank for debt service on external debt, public and publicly guaranteed (ppg)?
- China ranks 1st out of 122 countries with data for 2024.
- Is debt service on external debt, public and publicly guaranteed (ppg) rising or falling in China?
- Over the last ten years it is up 439.0%. The long-run trend across the full record is volatile.
- Where does this China data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. Data are in current U.S. dollars.