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

The latest value for External debt stocks, short-term (DOD, current US$) in Congo was $281,669,800 as of 2020. Over the past 50 years, the value for this indicator has fluctuated between $1,121,706,000 in 2001 and $320,912 in 1970.

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:

Year Value
1970 $320,912
1971 $656,918
1972 $1,486,751
1973 $3,032,008
1974 $3,818,752
1975 $4,493,814
1976 $6,975,477
1977 $128,383,300
1978 $121,782,300
1979 $191,911,500
1980 $246,884,400
1981 $116,479,700
1982 $186,281,900
1983 $172,127,800
1984 $194,164,700
1985 $678,972,400
1986 $701,171,300
1987 $896,678,000
1988 $585,138,000
1989 $757,322,900
1990 $731,824,600
1991 $775,492,900
1992 $876,459,500
1993 $947,796,000
1994 $601,775,100
1995 $1,010,316,000
1996 $515,645,600
1997 $732,018,400
1998 $826,645,400
1999 $1,064,171,000
2000 $873,920,600
2001 $1,121,706,000
2002 $973,352,000
2003 $1,048,275,000
2004 $950,076,200
2005 $787,660,700
2006 $814,056,400
2007 $325,553,800
2008 $267,077,900
2009 $255,745,600
2010 $197,001,300
2011 $148,776,400
2012 $193,362,600
2013 $229,416,200
2014 $209,952,900
2015 $447,978,000
2016 $187,289,600
2017 $274,591,200
2018 $273,778,800
2019 $231,955,600
2020 $281,669,800

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