Portfolio investment, bonds (PPG + PNG) (NFL, current US$) - Country Ranking

Definition: Bonds are securities issued with a fixed rate of interest for a period of more than one year. They include net flows through cross-border public and publicly guaranteed and private nonguaranteed bond issues. Data are in current U.S. dollars.

Source: World Bank, International Debt Statistics.

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 China 68,614,070,000.00 2018
2 Argentina 26,886,630,000.00 2018
3 Indonesia 19,027,250,000.00 2018
4 Thailand 9,356,313,000.00 2018
5 Mexico 7,973,714,000.00 2018
6 Egypt 5,868,042,000.00 2018
7 Romania 4,158,209,000.00 2018
8 Nigeria 3,943,352,000.00 2018
9 Lebanon 3,504,326,000.00 2018
10 Angola 3,500,000,000.00 2018
11 Philippines 3,343,748,000.00 2018
12 Dominican Republic 3,107,991,000.00 2018
13 Kazakhstan 2,796,606,000.00 2018
14 Ecuador 2,684,873,000.00 2018
15 Senegal 2,051,217,000.00 2018
16 Kenya 2,000,000,000.00 2018
17 Côte d'Ivoire 1,927,846,000.00 2018
18 Turkey 1,797,763,000.00 2018
19 Ghana 1,297,979,000.00 2018
20 Brazil 1,287,120,000.00 2018
21 Sri Lanka 1,150,000,000.00 2018
22 Jordan 685,500,000.00 2018
23 Tunisia 590,645,000.00 2018
24 Paraguay 530,000,000.00 2018
25 Lao PDR 521,129,000.00 2018
26 Papua New Guinea 500,000,000.00 2018
27 North Macedonia 482,356,000.00 2018
28 Albania 340,336,000.00 2018
29 Cambodia 300,000,000.00 2018
30 Georgia 236,185,000.00 2018
31 Bosnia and Herzegovina 176,486,000.00 2018
32 Montenegro 162,603,000.00 2018
33 Tanzania 0.00 2018
33 Yemen 0.00 2018
33 Morocco 0.00 2018
33 Madagascar 0.00 2018
33 Sudan 0.00 2018
33 Tonga 0.00 2018
33 Uzbekistan 0.00 2018
33 Comoros 0.00 2018
33 The Gambia 0.00 2018
33 Rwanda 0.00 2018
33 Eswatini 0.00 2018
33 Chad 0.00 2018
33 Bolivia 0.00 2018
33 Iran 0.00 2018
33 Moldova 0.00 2018
33 Burkina Faso 0.00 2018
33 Bhutan 0.00 2018
33 Cabo Verde 0.00 2018
33 Dominica 0.00 2018
33 Turkmenistan 0.00 2018
33 Central African Republic 0.00 2018
33 Djibouti 0.00 2018
33 Liberia 0.00 2018
33 Lesotho 0.00 2018
33 Mozambique 0.00 2018
33 Mauritania 0.00 2018
33 Dem. Rep. Congo 0.00 2018
33 Mali 0.00 2018
33 Eritrea 0.00 2018
33 Solomon Islands 0.00 2018
33 Somalia 0.00 2018
33 Togo 0.00 2018
33 Timor-Leste 0.00 2018
33 Guyana 0.00 2018
33 Haiti 0.00 2018
33 Myanmar 0.00 2018
33 Niger 0.00 2018
33 Bangladesh 0.00 2018
33 Algeria 0.00 2018
33 Guinea-Bissau 0.00 2018
33 Honduras 0.00 2018
33 Ethiopia 0.00 2018
33 Nepal 0.00 2018
33 Uganda 0.00 2018
33 Samoa 0.00 2018
33 Zambia 0.00 2018
33 Botswana 0.00 2018
33 Sierra Leone 0.00 2018
33 Burundi 0.00 2018
33 Cameroon 0.00 2018
33 Fiji 0.00 2018
33 Guatemala 0.00 2018
33 Guinea 0.00 2018
33 Mongolia 0.00 2018
33 Vanuatu 0.00 2018
33 Armenia 0.00 2018
33 Azerbaijan 0.00 2018
33 Belize 0.00 2018
33 Zimbabwe 0.00 2018
33 Afghanistan 0.00 2018
33 Benin 0.00 2018
33 Mauritius 0.00 2018
33 Malawi 0.00 2018
33 Pakistan 0.00 2018
33 São Tomé and Principe 0.00 2018
33 Syrian Arab Republic 0.00 2018
33 Tajikistan 0.00 2018
33 Kyrgyz Republic 0.00 2018
33 Nicaragua 0.00 2018
102 El Salvador -200,000.00 2018
102 St. Lucia -200,000.00 2018
104 St. Vincent and the Grenadines -1,225,000.00 2018
105 St. Kitts and Nevis -5,000,000.00 2010
106 Grenada -8,983,000.00 2018
107 Gabon -14,000,000.00 2018
108 Congo -27,234,000.00 2018
109 Jamaica -99,378,000.00 2018
110 Belarus -200,000,000.00 2018
111 Vietnam -204,743,000.00 2018
112 Ukraine -275,000,000.00 2018
113 Costa Rica -500,000,000.00 2018
114 Bulgaria -650,263,000.00 2018
115 Serbia -1,000,000,000.00 2018
116 Peru -1,076,527,000.00 2018
117 Colombia -1,934,000,000.00 2018
118 South Africa -2,125,000,000.00 2018
119 Venezuela -2,477,811,000.00 2018
120 Russia -4,659,390,000.00 2018
121 India -8,416,584,000.00 2018

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Development Relevance: External indebtedness affects a country's creditworthiness and investor perceptions. Nonreporting countries might have outstanding debt with the World Bank, other international financial institutions, or private creditors. Total debt service is contrasted with countries' ability to obtain foreign exchange through exports of goods, services, primary income, and workers' remittances. Debt ratios are used to assess the sustainability of a country's debt service obligations, but no absolute rules determine what values are too high. Empirical analysis of developing countries' experience and debt service performance shows that debt service difficulties become increasingly likely when the present value of debt reaches 200 percent of exports. Still, what constitutes a sustainable debt burden varies by country. Countries with fast-growing economies and exports are likely to be able to sustain higher debt levels.

Limitations and Exceptions: The DRS encourages debtor countries to voluntarily provide information on their short-term external obligations. By its nature, short-term external debt is difficult to monitor: loan-by-loan registration is normally impractical, and monitoring systems typically rely on information requested periodically by the central bank from the banking sector. The World Bank regards the debtor country as the authoritative source of information on its short-term debt. Where such information is not available from the debtor country, data are derived from BIS data on international bank lending based on time remaining to original maturity. The data are reported based on residual maturity, but an estimate of short-term external liabilities by original maturity can be derived by deducting from claims due in one year those that have a maturity of between one and two years. However, BIS data include liabilities reported only by banks within the BIS reporting area. The results should thus be interpreted with caution. Because short-term debt poses an immediate burden and is particularly important for monitoring vulnerability, it is compared with total debt and foreign exchange reserves, which are instrumental in providing coverage for such obligations. A country's external debt burden, both debt outstanding and debt service, affects its creditworthiness and vulnerability. While data related to public and publicly guaranteed debt are reported to the DRS on a loan-by-loan basis, aggregate data on long-term private nonguaranteed debt are reported annually and are reported by the country or estimated by World Bank staff for countries where this type of external debt is known to be significant. Estimates are based on national data from the World Bank's Quarterly External Debt Statistics.

Statistical Concept and Methodology: Bonds are debt instruments issued by public and publicly guaranteed or private debtors with durations of one year or longer. Bonds usually give the holder the unconditional right to fixed money income or contractually determined, variable money income. Data on external debt are gathered through the World Bank's Debtor Reporting System (DRS). Long term debt data are compiled using the countries report on public and publicly guaranteed borrowing on a loan-by-loan basis and private non guaranteed borrowing on an aggregate basis. These data are supplemented by information from major multilateral banks and official lending agencies in major creditor countries. Short-term debt data are gathered from the Quarterly External Debt Statistics (QEDS) database, jointly developed by the World Bank and the IMF and from creditors through the reporting systems of the Bank for International Settlements. Debt data are reported in the currency of repayment and compiled and published in U.S. dollars. End-of-period exchange rates are used for the compilation of stock figures (amount of debt outstanding), and projected debt service and annual average exchange rates are used for the flows. Exchange rates are taken from the IMF's International Financial Statistics. Debt repayable in multiple currencies, goods, or services and debt with a provision for maintenance of the value of the currency of repayment are shown at book value.

Aggregation method: Sum

Periodicity: Annual