External debt stocks, total (DOD, current US$) - Country Ranking

Definition: Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. 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 $959,510,000,000.00 2014
2 Brazil $556,871,000,000.00 2014
3 India $463,230,000,000.00 2014
4 Mexico $432,602,000,000.00 2014
5 Turkey $408,203,000,000.00 2014
6 Indonesia $293,397,000,000.00 2014
7 Malaysia $210,820,000,000.00 2014
8 Kazakhstan $157,595,000,000.00 2014
9 South Africa $144,006,000,000.00 2014
10 Thailand $135,799,000,000.00 2014
11 Ukraine $130,686,000,000.00 2014
12 Romania $111,290,000,000.00 2014
13 Colombia $102,345,000,000.00 2014
14 Philippines $77,658,910,000.00 2014
15 Vietnam $71,890,110,000.00 2014
16 Peru $66,468,660,000.00 2014
17 Pakistan $62,184,240,000.00 2014
18 Bulgaria $48,742,400,000.00 2014
19 Sri Lanka $43,608,890,000.00 2014
20 Morocco $42,771,800,000.00 2014
21 Belarus $40,013,830,000.00 2014
22 Egypt $39,623,990,000.00 2014
23 Bangladesh $34,925,180,000.00 2014
24 Serbia $33,102,740,000.00 2014
25 Lebanon $30,608,410,000.00 2014
26 Angola $28,449,580,000.00 2014
27 Nigeria $26,858,200,000.00 2014
28 Dominican Republic $26,707,970,000.00 2014
29 Tunisia $26,404,630,000.00 2014
30 Ecuador $26,332,950,000.00 2014
31 Jordan $24,255,800,000.00 2014
32 Sudan $21,758,640,000.00 2014
33 Costa Rica $20,974,120,000.00 2014
34 Papua New Guinea $20,920,350,000.00 2014
35 Mongolia $20,826,130,000.00 2014
36 Panama $19,342,930,000.00 2014
37 Guatemala $18,761,130,000.00 2014
38 Ghana $17,611,830,000.00 2014
39 Ethiopia $16,585,080,000.00 2014
40 Kenya $16,179,130,000.00 2014
41 El Salvador $14,535,670,000.00 2014
42 Tanzania $14,436,320,000.00 2014
43 Paraguay $14,091,690,000.00 2014
44 Jamaica $14,045,640,000.00 2014
45 Georgia $13,912,050,000.00 2014
46 Uzbekistan $13,389,150,000.00 2014
47 Azerbaijan $11,693,020,000.00 2014
48 Mauritius $11,288,440,000.00 2014
49 Côte d'Ivoire $10,856,990,000.00 2014
50 Lao PDR $10,724,350,000.00 2014
51 Bosnia and Herzegovina $10,590,580,000.00 2014
52 Zimbabwe $10,570,370,000.00 2014
53 Nicaragua $10,215,980,000.00 2014
54 Bolivia $8,780,817,000.00 2014
55 Armenia $8,550,992,000.00 2014
56 Albania $8,000,121,000.00 2014
57 Mozambique $7,792,576,000.00 2014
58 Yemen $7,710,440,000.00 2014
59 Zambia $7,373,097,000.00 2014
60 Honduras $7,331,302,000.00 2014
61 Kyrgyz Republic $7,257,121,000.00 2014
62 Macedonia $7,241,004,000.00 2014
63 Cambodia $6,811,044,000.00 2014
64 Moldova $6,463,445,000.00 2014
65 Myanmar $6,351,063,000.00 2014
66 Senegal $5,654,718,000.00 2014
67 Dem. Rep. Congo $5,507,884,000.00 2014
68 Iran $5,495,361,000.00 2014
69 Algeria $5,452,993,000.00 2014
70 Cameroon $5,288,948,000.00 2014
71 Uganda $5,134,973,000.00 2014
72 Syrian Arab Republic $4,597,087,000.00 2014
73 Gabon $4,325,981,000.00 2014
74 Tajikistan $4,047,261,000.00 2014
75 Nepal $4,009,917,000.00 2014
76 Congo $3,900,809,000.00 2014
77 Mauritania $3,521,909,000.00 2014
78 Mali $3,416,256,000.00 2014
79 Somalia $2,919,581,000.00 2014
80 Chad $2,857,382,000.00 2014
81 Madagascar $2,852,723,000.00 2014
82 Niger $2,584,639,000.00 2014
83 Afghanistan $2,554,678,000.00 2014
84 Burkina Faso $2,543,690,000.00 2014
85 Montenegro $2,454,474,000.00 2014
86 Botswana $2,383,923,000.00 2014
87 Guyana $2,379,137,000.00 2014
88 Rwanda $2,021,901,000.00 2014
89 Benin $1,984,084,000.00 2014
90 Haiti $1,937,469,000.00 2014
91 Bhutan $1,840,092,000.00 2014
92 Malawi $1,637,225,000.00 2014
93 Cabo Verde $1,536,772,000.00 2014
94 Guinea $1,406,670,000.00 2014
95 Belize $1,288,465,000.00 2014
96 Sierra Leone $1,237,857,000.00 2014
97 Togo $995,138,000.00 2014
98 Djibouti $957,452,000.00 2014
99 Eritrea $908,093,000.00 2014
100 Lesotho $876,327,000.00 2014
101 Fiji $863,553,000.00 2014
102 Burundi $690,170,000.00 2014
103 Central African Republic $657,361,000.00 2014
104 Grenada $650,808,000.00 2014
105 Liberia $633,087,000.00 2014
106 St. Lucia $527,505,000.00 2014
107 The Gambia $500,102,000.00 2014
108 Samoa $450,184,000.00 2014
109 Turkmenistan $441,187,000.00 2014
110 Swaziland $438,397,000.00 2014
111 St. Vincent and the Grenadines $338,851,000.00 2014
112 Dominica $291,376,000.00 2014
113 Guinea-Bissau $271,385,000.00 2014
114 São Tomé and Principe $211,910,000.00 2014
115 Tonga $195,794,000.00 2014
116 Solomon Islands $187,266,000.00 2014
117 Vanuatu $181,267,000.00 2014
118 Comoros $145,043,000.00 2014

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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: 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