Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) by country
Private nonguaranteed external debt is an external obligation of a private debtor that is not guaranteed for repayment by a public entity. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Long-term external debt is defined as debt...
Countries reporting
93
Highest
44.64 billion NFL, current US$
Turkey
Lowest
-67.93 billion NFL, current US$
China
Median
35.30 million NFL, current US$
Years covered
56
1970–2025
Data points
3,805
What the numbers show
Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) is currently reported for 93 countries. The highest value is 44.64 billion NFL, current US$ in Turkey; the lowest is -67.93 billion NFL, current US$ in China.
The median across all reporting countries is 35.30 million NFL, current US$, and the mean is 729.29 million NFL, current US$.
Over the past decade 45 countries rose and 48 fell. The largest increase was in Kosovo (UNSCR 1244) (up 4,643.2%), and the largest decrease in Pakistan (down 8,168.3%).
Net flows on external debt, private nonguaranteed (PNG) (NFL, current): full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Turkey | 44.64 billion NFL, current US$ | 2025 | up 718.6% | volatile |
| 2 | Brazil | 25.58 billion NFL, current US$ | 2025 | up 1.0% | volatile |
| 3 | India | 21.53 billion NFL, current US$ | 2025 | up 32.7% | volatile |
| 4 | Mexico | 15.99 billion NFL, current US$ | 2025 | up 353.9% | volatile |
| 5 | Kazakhstan | 14.56 billion NFL, current US$ | 2025 | up 946.4% | volatile |
| 6 | Argentina | 13.47 billion NFL, current US$ | 2025 | up 288.9% | volatile |
| 7 | Thailand | 11.29 billion NFL, current US$ | 2025 | up 532.5% | volatile |
| 8 | Colombia | 8.46 billion NFL, current US$ | 2025 | up 382.8% | volatile |
| 9 | Uzbekistan | 7.85 billion NFL, current US$ | 2025 | up 1,635.1% | volatile |
| 10 | Mozambique | 4.73 billion NFL, current US$ | 2025 | up 76.1% | volatile |
| 11 | Guatemala | 3.04 billion NFL, current US$ | 2025 | up 587.8% | volatile |
| 12 | Ukraine | 2.38 billion NFL, current US$ | 2025 | up 133.7% | volatile |
| 13 | Philippines | 1.74 billion NFL, current US$ | 2025 | down 7.8% | volatile |
| 14 | Morocco | 1.62 billion NFL, current US$ | 2025 | up 4.5% | volatile |
| 15 | Suriname | 1.59 billion NFL, current US$ | 2025 | up 679.9% | volatile |
| 16 | Senegal | 1.47 billion NFL, current US$ | 2025 | up 336.6% | volatile |
| 17 | Serbia | 1.27 billion NFL, current US$ | 2025 | up 319.3% | volatile |
| 18 | Mauritius | 1.16 billion NFL, current US$ | 2025 | up 165.3% | volatile |
| 19 | Angola | 1.03 billion NFL, current US$ | 2025 | down 65.6% | volatile |
| 20 | Paraguay | 951.34 million NFL, current US$ | 2025 | up 362.9% | volatile |
| 21 | Montenegro | 821.88 million NFL, current US$ | 2025 | up 455.6% | volatile |
| 22 | Ghana | 784.23 million NFL, current US$ | 2025 | up 40.7% | volatile |
| 23 | Bosnia and Herzegovina | 740.69 million NFL, current US$ | 2025 | up 182.7% | volatile |
| 24 | Moldova | 701.03 million NFL, current US$ | 2025 | up 816.2% | volatile |
| 25 | Georgia | 656.42 million NFL, current US$ | 2025 | down 23.7% | volatile |
| 26 | Kosovo (UNSCR 1244) | 608.83 million NFL, current US$ | 2025 | up 4,643.2% | volatile |
| 27 | Tanzania | 588.63 million NFL, current US$ | 2025 | up 382.8% | volatile |
| 28 | Bangladesh | 578.14 million NFL, current US$ | 2025 | up 143.6% | volatile |
| 29 | Belarus | 570.22 million NFL, current US$ | 2025 | up 229.1% | volatile |
| 30 | North Macedonia | 541.63 million NFL, current US$ | 2025 | up 172.9% | volatile |
| 31 | Mongolia | 491.52 million NFL, current US$ | 2025 | down 44.0% | volatile |
| 32 | Rwanda | 478.13 million NFL, current US$ | 2025 | up 172.6% | volatile |
| 33 | Armenia | 476.24 million NFL, current US$ | 2025 | up 839.2% | volatile |
| 34 | Laos | 391.65 million NFL, current US$ | 2025 | down 62.4% | volatile |
| 35 | Sri Lanka | 322.98 million NFL, current US$ | 2025 | down 8.3% | volatile |
| 36 | Nepal | 282.81 million NFL, current US$ | 2025 | up 1,990.2% | volatile |
| 37 | Honduras | 233.34 million NFL, current US$ | 2025 | up 890.7% | volatile |
| 38 | Albania | 227.17 million NFL, current US$ | 2025 | up 209.2% | volatile |
| 39 | El Salvador | 176.32 million NFL, current US$ | 2025 | down 72.3% | volatile |
| 40 | Lesotho | 107.83 million NFL, current US$ | 2025 | up 1,029.1% | volatile |
| 41 | Bulgaria | 106.50 million NFL, current US$ | 2022 | down 91.3% | volatile |
| 42 | Kyrgyzstan | 105.94 million NFL, current US$ | 2025 | down 51.4% | volatile |
| 43 | Kosovo | 99.68 million NFL, current US$ | 2024 | up 510.2% | volatile |
| 44 | Nicaragua | 68.51 million NFL, current US$ | 2025 | down 83.1% | volatile |
| 45 | Benin | 61.13 million NFL, current US$ | 2024 | down 29.6% | volatile |
| 46 | Cameroon | 39.55 million NFL, current US$ | 2025 | up 291.1% | volatile |
| 47 | Indonesia | 35.30 million NFL, current US$ | 2025 | down 99.5% | volatile |
| 48 | South Africa | 28.91 million NFL, current US$ | 2025 | down 82.3% | volatile |
| 49 | Bhutan | 17.01 million NFL, current US$ | 2025 | down 69.6% | volatile |
| 50 | Algeria | 14.82 million NFL, current US$ | 2025 | up 104.0% | volatile |
| 51 | Solomon Islands | 11.56 million NFL, current US$ | 2025 | down 60.6% | volatile |
| 52 | Belize | 8.39 million NFL, current US$ | 2025 | up 228.3% | volatile |
| 53 | Samoa | 3.59 million NFL, current US$ | 2025 | up 29.7% | volatile |
| 54 | Djibouti | 2.49 million NFL, current US$ | 2025 | down 98.9% | volatile |
| 55 | Haiti | 767,000 NFL, current US$ | 2025 | up 389.4% | volatile |
| 57 | Dominica | -1.15 million NFL, current US$ | 2023 | down 175.6% | volatile |
| 58 | Congo | -1.99 million NFL, current US$ | 2025 | down 134.9% | volatile |
| 59 | Botswana | -4.09 million NFL, current US$ | 2023 | down 105.1% | volatile |
| 60 | Afghanistan | -4.79 million NFL, current US$ | 2020 | up 6.6% | falling |
| 61 | Turkmenistan | -5.30 million NFL, current US$ | 2025 | down 3.0% | volatile |
| 62 | Niger | -6.52 million NFL, current US$ | 2010 | down 225.8% | volatile |
| 63 | Bolivia | -7.58 million NFL, current US$ | 2025 | up 83.5% | volatile |
| 64 | Madagascar | -8.67 million NFL, current US$ | 2025 | down 664.9% | volatile |
| 65 | Maldives | -11.85 million NFL, current US$ | 2025 | up 69.4% | volatile |
| 66 | Liberia | -16.49 million NFL, current US$ | 2025 | down 226.7% | volatile |
| 67 | Guinea-Bissau | -23.60 million NFL, current US$ | 2020 | down 753.5% | volatile |
| 68 | Eswatini | -51.44 million NFL, current US$ | 2025 | up 17.4% | volatile |
| 69 | Myanmar | -52.34 million NFL, current US$ | 2025 | down 179.2% | volatile |
| 70 | Egypt | -62.95 million NFL, current US$ | 2025 | down 5,602.3% | volatile |
| 71 | Kenya | -80.23 million NFL, current US$ | 2025 | down 117.9% | volatile |
| 72 | Guyana | -90.13 million NFL, current US$ | 2025 | down 500.9% | volatile |
| 73 | Peru | -108.57 million NFL, current US$ | 2025 | down 103.3% | volatile |
| 74 | Zimbabwe | -110.49 million NFL, current US$ | 2025 | down 117.5% | volatile |
| 75 | Cote d'Ivoire | -110.89 million NFL, current US$ | 2025 | up 65.7% | volatile |
| 76 | Tajikistan | -148.58 million NFL, current US$ | 2025 | down 151.0% | volatile |
| 77 | Fiji | -205.10 million NFL, current US$ | 2025 | down 482.2% | volatile |
| 78 | Uganda | -205.73 million NFL, current US$ | 2025 | down 181.1% | volatile |
| 79 | Tunisia | -214.54 million NFL, current US$ | 2025 | down 152.9% | volatile |
| 80 | Lebanon | -234.08 million NFL, current US$ | 2025 | down 112.3% | volatile |
| 81 | Burkina Faso | -298.10 million NFL, current US$ | 2025 | down 113.0% | volatile |
| 82 | Jamaica | -300.55 million NFL, current US$ | 2025 | up 81.4% | volatile |
| 83 | Jordan | -376.34 million NFL, current US$ | 2025 | down 265.3% | volatile |
| 84 | Azerbaijan | -414.50 million NFL, current US$ | 2025 | down 133.2% | volatile |
| 85 | Ecuador | -495.49 million NFL, current US$ | 2025 | down 154.0% | volatile |
| 86 | Zambia | -735.41 million NFL, current US$ | 2025 | down 168.2% | volatile |
| 87 | Dominican Republic | -864.50 million NFL, current US$ | 2025 | down 1,819.2% | volatile |
| 88 | Pakistan | -968.19 million NFL, current US$ | 2025 | down 8,168.3% | volatile |
| 89 | Papua New Guinea | -1.72 billion NFL, current US$ | 2025 | down 1,202.5% | volatile |
| 90 | Cambodia | -2.00 billion NFL, current US$ | 2025 | down 495.4% | volatile |
| 91 | Vietnam | -2.46 billion NFL, current US$ | 2025 | down 141.8% | volatile |
| 92 | Nigeria | -3.77 billion NFL, current US$ | 2025 | down 403.4% | volatile |
| 93 | Russia | -42.80 billion NFL, current US$ | 2022 | down 157.2% | volatile |
| 94 | China | -67.93 billion NFL, current US$ | 2025 | down 324.7% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Low & middle income 110.60 billion NFL, current US$
- Middle income 105.92 billion NFL, current US$
- Upper middle income 79.37 billion NFL, current US$
- Europe & Central Asia (excluding high income) 75.59 billion NFL, current US$
- Latin America & Caribbean (excluding high income) 67.79 billion NFL, current US$
- Lower middle income 26.54 billion NFL, current US$
- South Asia 22.72 billion NFL, current US$
- IDA only 10.47 billion NFL, current US$
- IDA total 9.79 billion NFL, current US$
- Sub-Saharan Africa (excluding high income) 5.13 billion NFL, current US$
- Low income 4.68 billion NFL, current US$
- Middle East, North Africa, Afghanistan & Pakistan (excluding high income) -223.25 million NFL, current US$
- East Asia & Pacific (excluding high income) -60.41 billion NFL, current US$
About this data
Private nonguaranteed external debt is an external obligation of a private debtor that is not guaranteed for repayment by a public entity. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents by residents of an economy and repayable in currency, goods, or services. Data are in current U.S. dollars.