Net flows on external debt, private nonguaranteed (PNG) (NFL, current) in China
China: Net flows on external debt, private nonguaranteed (PNG) (NFL, current) was -67.93 billion NFL, current US$ in 2025. ◆ Volatile
Net flows on external debt, private nonguaranteed (PNG) in China, 1992–2025
Source: International Debt Statistics, World Bank (WB). Measured in NFL, current US$.
Analysis
The most recent figure for net flows on external debt, private nonguaranteed (png) in China is -67.93 billion NFL, current US$, measured in 2025. That is the lowest value across all 33 years on record.
Compared with earlier readings it is down 41.5% on the previous year and down 324.7% over ten years.
Over the whole period, net flows on external debt, private nonguaranteed (png) in China peaked at 109.51 billion NFL, current US$ in 2020 and was at its lowest, -67.93 billion NFL, current US$, in 2025.
That places China 94th out of 94 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net flows on external debt, private nonguaranteed (PNG) (NFL, current) in China, year by year
| Year | NFL, current US$ | Change |
|---|---|---|
| 1992 | 197.57 million NFL, current US$ | — |
| 1993 | 332.00 million NFL, current US$ | +68.0% |
| 1995 | 543.89 million NFL, current US$ | +63.8% |
| 1996 | 128.79 million NFL, current US$ | -76.3% |
| 1997 | 1.31 billion NFL, current US$ | +918.0% |
| 1998 | -2.56 billion NFL, current US$ | -295.1% |
| 1999 | -1.06 billion NFL, current US$ | -58.4% |
| 2000 | -2.04 billion NFL, current US$ | +92.0% |
| 2001 | -1.89 billion NFL, current US$ | -7.4% |
| 2002 | -388.00 million NFL, current US$ | -79.5% |
| 2003 | 1.03 billion NFL, current US$ | -364.5% |
| 2004 | 6.19 billion NFL, current US$ | +503.3% |
| 2005 | 5.17 billion NFL, current US$ | -16.4% |
| 2006 | 8.65 billion NFL, current US$ | +67.1% |
| 2007 | 14.71 billion NFL, current US$ | +70.2% |
| 2008 | 15.53 billion NFL, current US$ | +5.5% |
| 2009 | -9.81 billion NFL, current US$ | -163.2% |
| 2010 | 19.94 billion NFL, current US$ | -303.3% |
| 2011 | 28.47 billion NFL, current US$ | +42.8% |
| 2012 | 26.75 billion NFL, current US$ | -6.0% |
| 2013 | 26.70 billion NFL, current US$ | -0.2% |
| 2014 | 70.12 billion NFL, current US$ | +162.6% |
| 2015 | 30.23 billion NFL, current US$ | -56.9% |
| 2016 | 26.64 billion NFL, current US$ | -11.9% |
| 2017 | 84.27 billion NFL, current US$ | +216.3% |
| 2018 | 22.62 billion NFL, current US$ | -73.2% |
| 2019 | 98.74 billion NFL, current US$ | +336.4% |
| 2020 | 109.51 billion NFL, current US$ | +10.9% |
| 2021 | 67.18 billion NFL, current US$ | -38.6% |
| 2022 | -65.85 billion NFL, current US$ | -198.0% |
| 2023 | -54.29 billion NFL, current US$ | -17.6% |
| 2024 | -48.01 billion NFL, current US$ | -11.6% |
| 2025 | -67.93 billion NFL, current US$ | +41.5% |
China compared with similar countries
- China's -67.93 billion NFL, current US$ is below the median for upper middle income countries, which is -6.12 million NFL, current US$, 11108.6× the median. (44 countries reporting)
- China's -67.93 billion NFL, current US$ is below the median for East Asia & Pacific, which is -878.70 million NFL, current US$, 77.3× the median. (13 countries reporting)
Biggest year-on-year movements
Years where Net flows on external debt, private nonguaranteed (PNG) (NFL, current) in China changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1997 | +918.0% | 128.79 million NFL, current US$ | 1.31 billion NFL, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -158.54 million NFL, current US$ | -2.56 billion NFL, current US$ | 1.31 billion NFL, current US$ | 7 |
| 2000s | 3.71 billion NFL, current US$ | -9.81 billion NFL, current US$ | 15.53 billion NFL, current US$ | 10 |
| 2010s | 43.45 billion NFL, current US$ | 19.94 billion NFL, current US$ | 98.74 billion NFL, current US$ | 10 |
| 2020s | -9.90 billion NFL, current US$ | -67.93 billion NFL, current US$ | 109.51 billion NFL, current US$ | 6 |
Countries ranked near China
More external debt data for China
- Net financial flows, IBRD -721.11 million NFL, current US$ (2025)
- 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)
- 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, IDA (NFL, current US$), per square kilometre -17.41 NFL, current US$ per square kilometre (2023)
- Use of IMF credit 49.58 billion DOD, current US$ (2025)
- External debt stocks, public and publicly guaranteed (PPG) 460.23 billion DOD, current US$ (2025)
- External debt stocks, long-term 968.18 billion DOD, current US$ (2025)
Frequently asked questions
- What is net flows on external debt, private nonguaranteed (png) in China?
- Net flows on external debt, private nonguaranteed (png) in China was -67.93 billion NFL, current US$ in 2025, according to International Debt Statistics, World Bank (WB).
- What is the highest net flows on external debt, private nonguaranteed (png) recorded in China?
- The highest recorded value was 109.51 billion NFL, current US$ in 2020.
- What is the lowest net flows on external debt, private nonguaranteed (png) recorded in China?
- The lowest recorded value was -67.93 billion NFL, current US$ in 2025.
- How does China rank for net flows on external debt, private nonguaranteed (png)?
- China ranks 94th out of 94 countries with data for 2025.
- Is net flows on external debt, private nonguaranteed (png) rising or falling in China?
- Over the last ten years it is down 324.7%. 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 Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.