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

Definition: Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-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 683,363,000,000.00 2014
2 Turkey 132,859,000,000.00 2014
3 Malaysia 103,833,000,000.00 2014
4 Mexico 91,147,120,000.00 2014
5 India 85,574,340,000.00 2014
6 Brazil 58,176,940,000.00 2014
7 Thailand 56,624,050,000.00 2014
8 Indonesia 46,579,770,000.00 2014
9 South Africa 35,042,000,000.00 2014
10 Ukraine 22,434,970,000.00 2014
11 Philippines 16,248,080,000.00 2014
12 Vietnam 13,057,010,000.00 2014
13 Belarus 12,827,410,000.00 2014
14 Romania 12,326,410,000.00 2014
15 Colombia 12,221,310,000.00 2014
16 Bulgaria 12,219,410,000.00 2014
17 Jordan 10,887,130,000.00 2014
18 Kazakhstan 9,985,559,000.00 2014
19 Morocco 7,606,919,000.00 2014
20 Sri Lanka 7,407,968,000.00 2014
21 Peru 6,977,975,000.00 2014
22 Tunisia 6,845,694,000.00 2014
23 Pakistan 5,537,654,000.00 2014
24 Sudan 5,246,096,000.00 2014
25 Lebanon 4,310,000,000.00 2014
26 Bangladesh 4,153,031,000.00 2014
27 Mauritius 3,594,655,000.00 2014
28 Egypt 3,320,830,000.00 2014
29 Ghana 3,155,519,000.00 2014
30 Dominican Republic 2,486,000,000.00 2014
31 Mongolia 2,373,912,000.00 2014
32 Zimbabwe 2,307,433,000.00 2014
33 Kenya 2,246,586,000.00 2014
34 Georgia 2,214,015,000.00 2014
35 Moldova 2,111,910,000.00 2014
36 Costa Rica 2,100,129,000.00 2014
37 El Salvador 2,018,000,000.00 2014
38 Paraguay 2,012,000,000.00 2014
39 Tanzania 1,989,195,000.00 2014
40 Algeria 1,974,900,000.00 2014
41 Azerbaijan 1,926,000,000.00 2014
42 Nicaragua 1,504,671,000.00 2014
43 Albania 1,473,703,000.00 2014
44 Jamaica 1,472,170,000.00 2014
45 Macedonia 1,221,820,000.00 2014
46 Cambodia 1,123,777,000.00 2014
47 Papua New Guinea 1,013,014,000.00 2014
48 Guyana 924,289,000.00 2014
49 Armenia 908,221,000.00 2014
50 Zambia 876,481,000.00 2014
51 Lao PDR 871,002,000.00 2014
52 Bosnia and Herzegovina 865,000,000.00 2014
53 Somalia 777,481,000.00 2014
54 Guatemala 776,000,000.00 2014
55 Myanmar 751,956,000.00 2014
56 Ecuador 699,165,000.00 2014
57 Uganda 665,660,000.00 2014
58 Serbia 533,221,000.00 2014
59 Syrian Arab Republic 528,222,000.00 2014
60 Honduras 507,053,000.00 2014
61 Uzbekistan 491,000,000.00 2014
62 Iran 486,000,000.00 2014
63 Botswana 417,000,000.00 2014
64 Mozambique 359,055,000.00 2014
65 Nepal 332,892,000.00 2014
66 Kyrgyz Republic 312,834,000.00 2014
67 Yemen 306,013,000.00 2014
68 Bolivia 288,900,000.00 2014
69 Ethiopia 287,718,000.00 2014
70 Madagascar 285,700,000.00 2014
71 Afghanistan 220,780,000.00 2014
72 Congo 207,528,000.00 2014
73 Mauritania 177,658,000.00 2014
74 Cameroon 176,931,000.00 2014
75 Dem. Rep. Congo 170,926,000.00 2014
76 Angola 162,306,000.00 2014
77 St. Lucia 118,189,000.00 2014
78 Niger 108,927,000.00 2014
79 Togo 89,173,000.00 2014
80 Djibouti 87,079,000.00 2014
81 Central African Republic 86,243,000.00 2014
82 Vanuatu 81,000,000.00 2014
83 Guinea 76,891,000.00 2014
84 Gabon 73,000,000.00 2014
85 Swaziland 70,530,000.00 2014
86 Grenada 66,064,000.00 2014
87 Fiji 65,028,000.00 2014
88 Mali 62,299,000.00 2014
89 Eritrea 56,618,000.00 2014
90 Montenegro 52,000,000.00 2014
91 Burundi 48,265,000.00 2014
92 Guinea-Bissau 32,859,000.00 2014
93 Turkmenistan 30,776,000.00 2014
94 Rwanda 25,025,000.00 2014
95 Sierra Leone 24,505,000.00 2014
96 Tajikistan 22,489,000.00 2014
97 Benin 22,163,000.00 2014
98 Solomon Islands 14,769,000.00 2014
99 The Gambia 12,532,000.00 2014
100 São Tomé and Principe 11,561,000.00 2014
101 Bhutan 10,000,000.00 2014
102 Chad 7,701,000.00 2014
103 Belize 7,339,000.00 2014
104 Dominica 5,504,000.00 2014
105 Comoros 1,616,000.00 2014
106 Cabo Verde 1,500,000.00 2014
107 Haiti 748,000.00 2014
108 Malawi 506,000.00 2014
109 Nigeria 231,000.00 2014
110 Lesotho 143,000.00 2014
111 St. Vincent and the Grenadines 7,000.00 2014
112 Tonga 2,000.00 2014
113 Panama 0.00 2014
113 Samoa 0.00 2014
113 Senegal 0.00 2014
113 Côte d'Ivoire 0.00 2014
113 Burkina Faso 0.00 2014
113 Liberia 0.00 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