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
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$, in 1981.
That places China 1st out of 123 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service on external debt, public and publicly guaranteed … PPG in China, year by year
| Year | TDS, current US$ | 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% |
China compared with similar countries
- China's 79.27 billion TDS, current US$ is above the median for upper middle income countries, which is 1.13 billion TDS, current US$, 70.2× the median. (52 countries reporting)
- China's 79.27 billion TDS, current US$ is above the median for East Asia & Pacific, which is 642.17 million TDS, current US$, 123.4× the median. (16 countries reporting)
Biggest year-on-year movements
Years where Debt service on external debt, public and publicly guaranteed … PPG in China changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | +135.4% | 14.71 billion TDS, current US$ | 34.62 billion TDS, current US$ |
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 123 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.