PPG, bonds (NFL, current US$) by country
Public and publicly guaranteed debt from bonds that are either publicly issued or privately placed. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.
Countries reporting
79
Highest
20.90 billion NFL, current US$
Colombia
Lowest
-31.44 billion NFL, current US$
China
Median
3.07 million NFL, current US$
Years covered
56
1970–2025
Data points
2,746
What the numbers show
PPG, bonds (NFL, current US$) is currently reported for 79 countries. The highest value is 20.90 billion NFL, current US$ in Colombia; the lowest is -31.44 billion NFL, current US$ in China.
The median across all reporting countries is 3.07 million NFL, current US$, and the mean is 951.59 million NFL, current US$.
Over the past decade 33 countries rose and 39 fell. The largest increase was in Uganda (up 25,869.1%), and the largest decrease in Vietnam (down 2,592.9%).
PPG, bonds (NFL, current US$): full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Colombia | 20.90 billion NFL, current US$ | 2025 | up 361.5% | volatile |
| 2 | Mexico | 17.78 billion NFL, current US$ | 2025 | up 23.2% | volatile |
| 3 | South Africa | 15.08 billion NFL, current US$ | 2025 | up 249.3% | volatile |
| 4 | Turkey | 11.69 billion NFL, current US$ | 2025 | up 367.7% | volatile |
| 5 | Argentina | 10.37 billion NFL, current US$ | 2025 | up 474.2% | volatile |
| 6 | Indonesia | 7.09 billion NFL, current US$ | 2025 | down 50.5% | volatile |
| 7 | India | 5.63 billion NFL, current US$ | 2025 | down 35.3% | volatile |
| 8 | Philippines | 5.02 billion NFL, current US$ | 2025 | up 93.4% | volatile |
| 9 | Thailand | 4.55 billion NFL, current US$ | 2025 | up 416.0% | volatile |
| 10 | Dominican Republic | 4.44 billion NFL, current US$ | 2025 | up 26.8% | volatile |
| 11 | Kazakhstan | 3.84 billion NFL, current US$ | 2025 | down 4.0% | volatile |
| 12 | Uzbekistan | 3.63 billion NFL, current US$ | 2025 | up 142.2% | volatile |
| 13 | Ukraine | 3.37 billion NFL, current US$ | 2025 | up 214.4% | volatile |
| 14 | Morocco | 3.18 billion NFL, current US$ | 2025 | up 186.5% | volatile |
| 15 | Brazil | 3.15 billion NFL, current US$ | 2025 | up 171.9% | volatile |
| 16 | Egypt | 2.70 billion NFL, current US$ | 2025 | up 79.9% | volatile |
| 17 | Kenya | 2.19 billion NFL, current US$ | 2025 | down 20.5% | volatile |
| 18 | Peru | 2.03 billion NFL, current US$ | 2025 | down 47.3% | volatile |
| 19 | Uganda | 1.96 billion NFL, current US$ | 2025 | up 25,869.1% | volatile |
| 20 | Cote d'Ivoire | 1.65 billion NFL, current US$ | 2025 | up 65.1% | volatile |
| 21 | Guatemala | 1.50 billion NFL, current US$ | 2025 | up 114.3% | volatile |
| 22 | Nigeria | 1.23 billion NFL, current US$ | 2025 | — | volatile |
| 23 | Angola | 1.17 billion NFL, current US$ | 2025 | down 21.8% | volatile |
| 24 | Bulgaria | 1.02 billion NFL, current US$ | 2022 | down 15.8% | volatile |
| 25 | Paraguay | 900.00 million NFL, current US$ | 2025 | up 221.4% | volatile |
| 26 | Congo | 898.23 million NFL, current US$ | 2025 | up 5,047.3% | volatile |
| 27 | Mongolia | 700.00 million NFL, current US$ | 2025 | up 40.0% | volatile |
| 28 | Papua New Guinea | 500.00 million NFL, current US$ | 2018 | — | volatile |
| 29 | El Salvador | 478.27 million NFL, current US$ | 2025 | down 38.7% | volatile |
| 30 | Armenia | 418.26 million NFL, current US$ | 2025 | up 39.4% | volatile |
| 31 | Bosnia and Herzegovina | 395.29 million NFL, current US$ | 2025 | up 2,015.5% | volatile |
| 31 | Montenegro | 395.29 million NFL, current US$ | 2025 | up 14.8% | volatile |
| 33 | Jordan | 366.16 million NFL, current US$ | 2025 | down 70.4% | volatile |
| 34 | Gabon | 345.21 million NFL, current US$ | 2025 | down 31.0% | volatile |
| 35 | Albania | 319.96 million NFL, current US$ | 2025 | up 92.2% | volatile |
| 36 | Benin | 289.67 million NFL, current US$ | 2025 | down 47.8% | volatile |
| 37 | Jamaica | 234.49 million NFL, current US$ | 2025 | down 84.9% | volatile |
| 38 | Honduras | 200.00 million NFL, current US$ | 2025 | down 80.0% | volatile |
| 39 | Ecuador | 176.47 million NFL, current US$ | 2025 | down 53.0% | volatile |
| 40 | Mauritius | 3.07 million NFL, current US$ | 2025 | up 298.3% | volatile |
| 41 | Rwanda | 2.00 million NFL, current US$ | 2025 | down 99.5% | volatile |
| 42 | Dominica | 1.81 million NFL, current US$ | 2025 | down 38.7% | volatile |
| 43 | Senegal | 0 NFL, current US$ | 2025 | down 100.0% | volatile |
| 43 | Serbia | 0 NFL, current US$ | 2025 | — | volatile |
| 43 | Niger | 0 NFL, current US$ | 1983 | up 100.0% | volatile |
| 43 | Tajikistan | 0 NFL, current US$ | 2024 | down 100.0% | volatile |
| 43 | Zimbabwe | 0 NFL, current US$ | 2025 | — | volatile |
| 43 | Mauritania | 0 NFL, current US$ | 1986 | up 100.0% | volatile |
| 43 | Bolivia | 0 NFL, current US$ | 2025 | — | volatile |
| 43 | Burkina Faso | 0 NFL, current US$ | 1984 | up 100.0% | volatile |
| 43 | Georgia | 0 NFL, current US$ | 2025 | up 100.0% | volatile |
| 43 | Lebanon | 0 NFL, current US$ | 2025 | down 100.0% | volatile |
| 43 | Guyana | 0 NFL, current US$ | 2025 | — | volatile |
| 54 | Togo | -1,000 NFL, current US$ | 1978 | up 83.3% | rising |
| 55 | Saint Lucia | -200,000 NFL, current US$ | 2024 | up 80.7% | volatile |
| 56 | Saint Vincent and the Grenadines | -442,000 NFL, current US$ | 2024 | down 104.3% | volatile |
| 57 | Samoa | -594,000 NFL, current US$ | 1994 | down 0.3% | volatile |
| 58 | Democratic Republic of Congo | -770,000 NFL, current US$ | 2005 | down 311.8% | volatile |
| 59 | Malawi | -1.27 million NFL, current US$ | 1981 | down 29.2% | volatile |
| 60 | Saint Kitts and Nevis | -5.00 million NFL, current US$ | 2010 | — | volatile |
| 61 | Belize | -5.12 million NFL, current US$ | 2025 | up 61.2% | volatile |
| 62 | Moldova | -6.35 million NFL, current US$ | 2009 | down 108.5% | volatile |
| 63 | Grenada | -6.56 million NFL, current US$ | 2025 | up 40.2% | volatile |
| 64 | Cameroon | -47.10 million NFL, current US$ | 2025 | down 106.3% | volatile |
| 65 | Laos | -74.36 million NFL, current US$ | 2025 | down 113.8% | volatile |
| 66 | Zambia | -158.71 million NFL, current US$ | 2025 | down 112.7% | volatile |
| 67 | Bangladesh | -190.08 million NFL, current US$ | 2025 | down 703.4% | volatile |
| 68 | Fiji | -200.00 million NFL, current US$ | 2020 | down 300.0% | volatile |
| 69 | Belarus | -227.72 million NFL, current US$ | 2025 | up 77.2% | volatile |
| 70 | Ghana | -270.25 million NFL, current US$ | 2025 | down 127.0% | volatile |
| 71 | Algeria | -278.10 million NFL, current US$ | 1995 | down 164.8% | volatile |
| 72 | Sri Lanka | -329.55 million NFL, current US$ | 2025 | down 120.0% | volatile |
| 73 | Pakistan | -500.00 million NFL, current US$ | 2025 | down 200.0% | volatile |
| 74 | North Macedonia | -564.71 million NFL, current US$ | 2025 | down 524.1% | volatile |
| 75 | Vietnam | -631.54 million NFL, current US$ | 2025 | down 2,592.9% | volatile |
| 76 | Tunisia | -1.00 billion NFL, current US$ | 2025 | down 200.0% | volatile |
| 77 | Azerbaijan | -1.75 billion NFL, current US$ | 2024 | down 200.0% | volatile |
| 78 | Russia | -28.92 billion NFL, current US$ | 2022 | down 236.4% | volatile |
| 79 | China | -31.44 billion NFL, current US$ | 2025 | down 372.4% | 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 106.28 billion NFL, current US$
- Middle income 104.32 billion NFL, current US$
- Upper middle income 83.22 billion NFL, current US$
- Latin America & Caribbean (excluding high income) 63.03 billion NFL, current US$
- Sub-Saharan Africa (excluding high income) 24.39 billion NFL, current US$
- Europe & Central Asia (excluding high income) 23.80 billion NFL, current US$
- Lower middle income 21.10 billion NFL, current US$
- IDA total 11.93 billion NFL, current US$
- South Asia 5.11 billion NFL, current US$
- Middle East, North Africa, Afghanistan & Pakistan (excluding high income) 4.74 billion NFL, current US$
- Low income 1.96 billion NFL, current US$
- IDA only -645.58 million NFL, current US$
- East Asia & Pacific (excluding high income) -14.79 billion NFL, current US$
About this data
Public and publicly guaranteed debt from bonds that are either publicly issued or privately placed. 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.