PPG, bonds (NFL, current US$) in China
China: PPG, bonds (NFL, current US$) was -31.44 billion NFL, current US$ in 2025. ◆ Volatile
PPG, bonds in China, 1981–2025
Source: International Debt Statistics, World Bank (WB). Measured in NFL, current US$.
Analysis
China recorded -31.44 billion NFL, current US$ for ppg, bonds in 2025.
That represents a change of down 755.3% on the previous year and down 372.4% over ten years.
Over the whole period, ppg, bonds in China peaked at 149.49 billion NFL, current US$ in 2021 and was at its lowest, -68.64 billion NFL, current US$, in 2023.
That places China 79th out of 79 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
PPG, bonds (NFL, current US$) in China, year by year
| Year | NFL, current US$ | Change |
|---|---|---|
| 1981 | -16.70 million NFL, current US$ | — |
| 1982 | 23.58 million NFL, current US$ | -241.2% |
| 1983 | 4.46 million NFL, current US$ | -81.1% |
| 1984 | 84.30 million NFL, current US$ | +1791.0% |
| 1985 | 971.42 million NFL, current US$ | +1052.3% |
| 1986 | 1.33 billion NFL, current US$ | +37.2% |
| 1987 | 1.06 billion NFL, current US$ | -20.2% |
| 1988 | 770.68 million NFL, current US$ | -27.6% |
| 1989 | 416.61 million NFL, current US$ | -45.9% |
| 1990 | -47.84 million NFL, current US$ | -111.5% |
| 1991 | 23.87 million NFL, current US$ | -149.9% |
| 1992 | -200.77 million NFL, current US$ | -941.1% |
| 1993 | 1.91 billion NFL, current US$ | -1049.3% |
| 1994 | 2.88 billion NFL, current US$ | +50.9% |
| 1995 | -227.21 million NFL, current US$ | -107.9% |
| 1996 | 1.06 billion NFL, current US$ | -567.1% |
| 1997 | 2.02 billion NFL, current US$ | +90.2% |
| 1998 | 1.32 billion NFL, current US$ | -34.4% |
| 1999 | -1.25 billion NFL, current US$ | -194.6% |
| 2000 | 405.00 million NFL, current US$ | -132.3% |
| 2001 | 560.00 million NFL, current US$ | +38.3% |
| 2002 | -1.06 billion NFL, current US$ | -290.1% |
| 2003 | 1.10 billion NFL, current US$ | -203.3% |
| 2004 | 2.98 billion NFL, current US$ | +170.9% |
| 2005 | 3.66 billion NFL, current US$ | +22.8% |
| 2006 | 0 NFL, current US$ | -100.0% |
| 2007 | 1.46 billion NFL, current US$ | — |
| 2008 | -742.49 million NFL, current US$ | -151.0% |
| 2009 | -500.00 million NFL, current US$ | -32.7% |
| 2010 | 0 NFL, current US$ | -100.0% |
| 2011 | 11.92 billion NFL, current US$ | — |
| 2012 | 16.24 billion NFL, current US$ | +36.2% |
| 2013 | 6.41 billion NFL, current US$ | -60.6% |
| 2014 | 18.89 billion NFL, current US$ | +195.0% |
| 2015 | 11.54 billion NFL, current US$ | -38.9% |
| 2016 | 2.52 billion NFL, current US$ | -78.1% |
| 2017 | 32.09 billion NFL, current US$ | +1171.2% |
| 2018 | 62.49 billion NFL, current US$ | +94.8% |
| 2019 | 50.58 billion NFL, current US$ | -19.1% |
| 2020 | 72.78 billion NFL, current US$ | +43.9% |
| 2021 | 149.49 billion NFL, current US$ | +105.4% |
| 2022 | -24.01 billion NFL, current US$ | -116.1% |
| 2023 | -68.64 billion NFL, current US$ | +185.9% |
| 2024 | -3.68 billion NFL, current US$ | -94.6% |
| 2025 | -31.44 billion NFL, current US$ | +755.3% |
China compared with similar countries
- China's -31.44 billion NFL, current US$ is below the median for East Asia & Pacific, which is -2.67 million NFL, current US$, 11781.3× the median. (10 countries reporting)
Biggest year-on-year movements
Years where PPG, bonds (NFL, current US$) 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 |
|---|---|---|---|
| 1984 | +1791.0% | 4.46 million NFL, current US$ | 84.30 million NFL, current US$ |
| 2017 | +1171.2% | 2.52 billion NFL, current US$ | 32.09 billion NFL, current US$ |
| 1985 | +1052.3% | 84.30 million NFL, current US$ | 971.42 million NFL, current US$ |
| 1993 | +1049.3% | -200.77 million NFL, current US$ | 1.91 billion NFL, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 516.85 million NFL, current US$ | -16.70 million NFL, current US$ | 1.33 billion NFL, current US$ | 9 |
| 1990s | 748.12 million NFL, current US$ | -1.25 billion NFL, current US$ | 2.88 billion NFL, current US$ | 10 |
| 2000s | 784.99 million NFL, current US$ | -1.06 billion NFL, current US$ | 3.66 billion NFL, current US$ | 10 |
| 2010s | 21.27 billion NFL, current US$ | 0 NFL, current US$ | 62.49 billion NFL, current US$ | 10 |
| 2020s | 15.75 billion NFL, current US$ | -68.64 billion NFL, current US$ | 149.49 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 ppg, bonds in China?
- Ppg, bonds in China was -31.44 billion NFL, current US$ in 2025, according to International Debt Statistics, World Bank (WB).
- What is the highest ppg, bonds recorded in China?
- The highest recorded value was 149.49 billion NFL, current US$ in 2021.
- What is the lowest ppg, bonds recorded in China?
- The lowest recorded value was -68.64 billion NFL, current US$ in 2023.
- How does China rank for ppg, bonds?
- China ranks 79th out of 79 countries with data for 2025.
- Is ppg, bonds rising or falling in China?
- Over the last ten years it is down 372.4%. 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 PPG, bonds (NFL, current US$). Statizoid updates them automatically from the source API.
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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.