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

The latest value for External debt stocks, total (DOD, current US$) in Comoros was $191,133,500 as of 2018. Over the past 48 years, the value for this indicator has fluctuated between $304,262,800 in 2004 and $1,172,241 in 1970.

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:

Year Value
1970 $1,172,241
1971 $1,238,316
1972 $1,506,742
1973 $1,691,961
1974 $4,294,058
1975 $4,721,546
1976 $18,516,830
1977 $24,523,590
1978 $29,353,460
1979 $40,107,760
1980 $43,977,470
1981 $54,854,840
1982 $68,943,860
1983 $85,804,560
1984 $104,792,000
1985 $134,214,400
1986 $166,566,400
1987 $203,347,500
1988 $199,821,400
1989 $174,684,300
1990 $184,825,100
1991 $179,473,200
1992 $187,894,200
1993 $185,123,500
1994 $197,159,400
1995 $208,925,900
1996 $220,902,400
1997 $222,230,700
1998 $229,844,100
1999 $231,531,800
2000 $232,285,400
2001 $242,747,500
2002 $270,537,000
2003 $289,991,700
2004 $304,262,800
2005 $288,623,200
2006 $293,423,700
2007 $287,667,300
2008 $276,201,200
2009 $286,766,500
2010 $278,374,000
2011 $275,726,000
2012 $252,330,000
2013 $147,531,300
2014 $141,753,800
2015 $130,562,700
2016 $160,589,600
2017 $166,990,000
2018 $191,133,500

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.

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

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt