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

Short-term debt (% of total external debt) in Argentina was 24.09 as of 2018. Its highest value over the past 48 years was 38.00 in 1980, while its lowest value was 6.02 in 1987.

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 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.

Source: World Bank, International Debt Statistics.

See also:

Year Value
1970 10.84
1971 10.81
1972 10.81
1973 10.77
1974 10.76
1975 10.74
1976 10.74
1977 23.33
1978 25.38
1979 32.63
1980 38.00
1981 36.08
1982 37.73
1983 19.33
1984 21.85
1985 13.16
1986 8.37
1987 6.02
1988 9.69
1989 13.01
1990 16.71
1991 20.63
1992 23.58
1993 13.38
1994 9.55
1995 21.62
1996 21.14
1997 24.94
1998 21.88
1999 19.36
2000 18.88
2001 13.10
2002 10.00
2003 13.70
2004 15.80
2005 26.79
2006 23.76
2007 15.89
2008 14.98
2009 14.43
2010 12.96
2011 18.02
2012 18.07
2013 24.51
2014 22.12
2015 33.66
2016 21.73
2017 23.45
2018 24.09

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

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