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

Definition: Public and publicly guaranteed debt comprises long-term external obligations of public debtors, including the national government, political subdivisions (or an agency of either), and 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: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Mexico 238,410,000,000.00 2014
2 Brazil 174,273,000,000.00 2014
3 India 164,122,000,000.00 2014
4 Indonesia 143,068,000,000.00 2014
5 Turkey 104,312,000,000.00 2014
6 China 83,306,220,000.00 2014
7 Malaysia 66,236,840,000.00 2014
8 Colombia 58,107,740,000.00 2014
9 South Africa 57,869,580,000.00 2014
10 Pakistan 45,878,930,000.00 2014
11 Vietnam 44,817,830,000.00 2014
12 Philippines 38,014,150,000.00 2014
13 Romania 36,793,720,000.00 2014
14 Egypt 34,980,120,000.00 2014
15 Ukraine 34,548,810,000.00 2014
16 Thailand 33,419,540,000.00 2014
17 Morocco 29,779,550,000.00 2014
18 Sri Lanka 29,502,480,000.00 2014
19 Angola 27,373,240,000.00 2014
20 Bangladesh 26,433,390,000.00 2014
21 Lebanon 25,318,380,000.00 2014
22 Ecuador 16,881,660,000.00 2014
23 Serbia 16,598,370,000.00 2014
24 Tunisia 16,507,790,000.00 2014
25 Sudan 15,922,040,000.00 2014
26 Ethiopia 15,845,670,000.00 2014
27 Peru 15,752,740,000.00 2014
28 Dominican Republic 15,688,890,000.00 2014
29 Belarus 15,628,090,000.00 2014
30 Kazakhstan 15,080,020,000.00 2014
31 Panama 14,059,820,000.00 2014
32 Ghana 13,083,250,000.00 2014
33 Kenya 12,604,640,000.00 2014
34 Tanzania 9,906,116,000.00 2014
35 Jordan 9,687,742,000.00 2014
36 Nigeria 9,133,446,000.00 2014
37 Costa Rica 8,737,053,000.00 2014
38 Azerbaijan 8,094,166,000.00 2014
39 El Salvador 8,057,793,000.00 2014
40 Jamaica 7,956,600,000.00 2014
41 Côte d'Ivoire 7,671,470,000.00 2014
42 Mozambique 7,106,776,000.00 2014
43 Guatemala 6,945,050,000.00 2014
44 Yemen 6,858,709,000.00 2014
45 Bulgaria 6,068,642,000.00 2014
46 Uzbekistan 5,653,322,000.00 2014
47 Bolivia 5,641,706,000.00 2014
48 Lao PDR 5,630,717,000.00 2014
49 Cambodia 5,565,683,000.00 2014
50 Honduras 5,526,919,000.00 2014
51 Georgia 5,337,980,000.00 2014
52 Myanmar 5,175,084,000.00 2014
53 Senegal 4,952,019,000.00 2014
54 Bosnia and Herzegovina 4,681,485,000.00 2014
55 Zambia 4,483,959,000.00 2014
56 Cameroon 4,462,706,000.00 2014
57 Uganda 4,216,843,000.00 2014
58 Dem. Rep. Congo 4,149,422,000.00 2014
59 Gabon 4,040,413,000.00 2014
60 Zimbabwe 3,706,435,000.00 2014
61 Paraguay 3,698,563,000.00 2014
62 Albania 3,670,779,000.00 2014
63 Syrian Arab Republic 3,664,383,000.00 2014
64 Nicaragua 3,564,169,000.00 2014
65 Congo 3,559,263,000.00 2014
66 Nepal 3,511,741,000.00 2014
67 Mongolia 3,498,112,000.00 2014
68 Armenia 3,375,637,000.00 2014
69 Kyrgyz Republic 3,222,315,000.00 2014
70 Macedonia 3,139,537,000.00 2014
71 Mauritania 3,134,638,000.00 2014
72 Mali 3,089,706,000.00 2014
73 Iran 3,042,126,000.00 2014
74 Chad 2,752,102,000.00 2014
75 Madagascar 2,293,605,000.00 2014
76 Montenegro 2,285,208,000.00 2014
77 Niger 2,274,078,000.00 2014
78 Burkina Faso 2,260,742,000.00 2014
79 Tajikistan 2,049,377,000.00 2014
80 Afghanistan 1,999,058,000.00 2014
81 Somalia 1,913,171,000.00 2014
82 Rwanda 1,877,438,000.00 2014
83 Mauritius 1,841,810,000.00 2014
84 Bhutan 1,819,558,000.00 2014
85 Botswana 1,804,026,000.00 2014
86 Haiti 1,757,615,000.00 2014
87 Benin 1,741,652,000.00 2014
88 Papua New Guinea 1,655,913,000.00 2014
89 Cabo Verde 1,521,627,000.00 2014
90 Malawi 1,364,198,000.00 2014
91 Guyana 1,130,186,000.00 2014
92 Algeria 1,112,271,000.00 2014
93 Belize 1,101,017,000.00 2014
94 Guinea 1,008,801,000.00 2014
95 Moldova 1,002,590,000.00 2014
96 Sierra Leone 910,180,000.00 2014
97 Eritrea 829,514,000.00 2014
98 Djibouti 817,494,000.00 2014
99 Lesotho 755,233,000.00 2014
100 Fiji 700,934,000.00 2014
101 Togo 679,413,000.00 2014
102 Grenada 539,030,000.00 2014
103 Samoa 417,309,000.00 2014
104 Burundi 403,556,000.00 2014
105 The Gambia 400,801,000.00 2014
106 Central African Republic 393,860,000.00 2014
107 St. Lucia 371,295,000.00 2014
108 St. Vincent and the Grenadines 311,688,000.00 2014
109 Liberia 305,823,000.00 2014
110 Swaziland 297,911,000.00 2014
111 Dominica 264,934,000.00 2014
112 Turkmenistan 263,217,000.00 2014
113 Guinea-Bissau 203,179,000.00 2014
114 Tonga 186,257,000.00 2014
115 São Tomé and Principe 185,417,000.00 2014
116 Comoros 112,520,000.00 2014
117 Solomon Islands 89,569,000.00 2014
118 Vanuatu 76,699,000.00 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