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

The latest value for External debt stocks, total (DOD, current US$) in Dominica was $279,158,600 as of 2018. Over the past 48 years, the value for this indicator has fluctuated between $324,952,400 in 2004 and $496,800 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 $496,800
1971 $1,043,891
1972 $1,444,082
1973 $2,455,488
1974 $4,297,896
1975 $4,595,988
1976 $5,066,105
1977 $7,767,456
1978 $9,356,866
1979 $12,659,070
1980 $13,940,290
1981 $14,433,360
1982 $20,521,210
1983 $39,153,670
1984 $51,482,180
1985 $58,688,420
1986 $61,404,140
1987 $75,382,490
1988 $76,660,400
1989 $80,613,350
1990 $90,754,900
1991 $98,099,580
1992 $97,714,470
1993 $98,251,340
1994 $99,698,520
1995 $104,872,400
1996 $116,474,700
1997 $105,116,700
1998 $113,898,900
1999 $134,177,300
2000 $183,329,500
2001 $232,891,100
2002 $248,883,200
2003 $307,393,700
2004 $324,952,400
2005 $294,216,800
2006 $272,826,800
2007 $265,526,500
2008 $260,470,800
2009 $271,883,600
2010 $271,398,400
2011 $280,448,700
2012 $304,779,200
2013 $309,862,700
2014 $308,232,000
2015 $314,180,900
2016 $297,134,200
2017 $295,574,600
2018 $279,158,600

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


Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt