Fiji - External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$)

The latest value for External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) in Fiji was $903,253,100 as of 2020. Over the past 50 years, the value for this indicator has fluctuated between $903,253,100 in 2020 and $11,665,440 in 1970.

Definition: Public and publicly guaranteed debt comprises long-term external obligations of public debtors, including the national government, Public Corporations, State Owned Enterprises, Development Banks and Other Mixed Enterprises, political subdivisions (or an agency of either), autonomous public bodies, and external obligations of private debtors that are guaranteed for repayment by a public entity. Data are in current U.S. dollars.

Source: World Bank, International Debt Statistics.

See also:

Year Value
1970 $11,665,440
1971 $14,810,210
1972 $20,721,480
1973 $47,197,250
1974 $54,091,120
1975 $59,299,120
1976 $63,869,450
1977 $86,503,320
1978 $84,713,460
1979 $109,858,900
1980 $180,023,800
1981 $237,430,700
1982 $265,492,400
1983 $292,306,100
1984 $279,360,200
1985 $302,190,700
1986 $311,749,200
1987 $336,440,400
1988 $335,554,300
1989 $301,619,300
1990 $306,007,200
1991 $270,638,400
1992 $226,882,200
1993 $199,478,300
1994 $180,750,400
1995 $168,397,700
1996 $147,231,100
1997 $129,982,800
1998 $140,162,600
1999 $194,103,300
2000 $174,263,200
2001 $160,431,700
2002 $169,538,700
2003 $183,445,900
2004 $192,535,800
2005 $185,351,200
2006 $349,763,300
2007 $365,659,900
2008 $387,298,500
2009 $392,393,500
2010 $425,550,300
2011 $584,611,700
2012 $649,707,300
2013 $694,310,100
2014 $741,102,900
2015 $677,662,200
2016 $710,237,200
2017 $753,361,500
2018 $737,863,900
2019 $713,088,300
2020 $903,253,100

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.

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: Sum

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt