Brazil - Total debt service (% of exports of goods, services and primary income)

Total debt service (% of exports of goods, services and primary income) in Brazil was 50.64 as of 2020. Its highest value over the past 45 years was 116.56 in 1999, while its lowest value was 15.68 in 2012.

Definition: Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.

Source: World Bank, International Debt Statistics.

See also:

Year Value
1975 43.83
1976 38.32
1977 42.82
1978 58.41
1979 63.14
1980 63.64
1981 66.59
1982 82.12
1983 54.92
1984 45.59
1985 39.34
1986 46.48
1987 41.85
1988 45.93
1989 36.54
1990 22.64
1991 23.43
1992 21.24
1993 25.16
1994 31.24
1995 38.57
1996 43.69
1997 59.85
1998 80.76
1999 116.56
2000 87.00
2001 71.74
2002 72.05
2003 67.92
2004 48.36
2005 46.19
2006 38.25
2007 28.05
2008 23.47
2009 23.49
2010 18.39
2011 18.74
2012 15.68
2013 28.02
2014 22.91
2015 39.76
2016 51.01
2017 34.62
2018 33.15
2019 53.23
2020 50.64

Development Relevance: External debt is that part of the total debt in a country that is owed to creditors outside the country. The debtors can be the government, corporations or private households. The debt includes money owed to private commercial banks, other governments, or international financial institutions. 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. Various indicators determine a sustainable level of external debt, including: a) debt to GDP ratio b) foreign debt to exports ratio c) government debt to current fiscal revenue ratio d) share of foreign debt e) short-term debt f) concessional debt in the total debt stock

Statistical Concept and Methodology: 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: Weighted average

Periodicity: Annual

General Comments: The denominator for this indicator in previous versions of Global Development Finance included workers' remittances. Workers' remittances are no longer included.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt