Argentina - Short-term debt (% of total reserves)

Short-term debt (% of total reserves) in Argentina was 108.13 as of 2020. Its highest value over the past 50 years was 413.75 in 1984, while its lowest value was 31.44 in 2010.

Definition: Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total reserves includes gold.

Source: World Bank, International Debt Statistics.

See also:

Year Value
1970 93.72
1971 225.75
1972 130.14
1973 49.71
1974 44.40
1975 100.09
1976 51.43
1977 70.86
1978 57.78
1979 59.44
1980 111.69
1981 258.11
1982 366.81
1983 313.82
1984 413.75
1985 143.14
1986 99.60
1987 94.62
1988 110.87
1989 265.00
1990 167.80
1991 181.52
1992 141.31
1993 55.83
1994 44.81
1995 133.64
1996 119.16
1997 142.65
1998 124.54
1999 111.63
2000 112.62
2001 137.43
2002 141.39
2003 158.13
2004 135.04
2005 124.78
2006 88.22
2007 41.61
2008 41.91
2009 40.17
2010 31.44
2011 55.65
2012 58.42
2013 120.17
2014 107.90
2015 232.89
2016 106.77
2017 100.35
2018 102.34
2019 149.32
2020 108.13

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

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: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt