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

The latest value for External debt stocks, total (DOD, current US$) in Fiji was $851,797,600 as of 2018. Over the past 48 years, the value for this indicator has fluctuated between $876,505,300 in 2017 and $11,665,440 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 $11,665,440
1971 $14,810,210
1972 $20,721,480
1973 $47,197,250
1974 $54,507,120
1975 $59,299,120
1976 $63,899,870
1977 $120,597,400
1978 $103,213,500
1979 $141,674,800
1980 $216,321,900
1981 $276,430,700
1982 $302,393,400
1983 $332,406,100
1984 $314,560,200
1985 $335,680,600
1986 $339,619,100
1987 $364,679,000
1988 $370,909,700
1989 $316,399,900
1990 $318,026,300
1991 $282,094,000
1992 $257,427,600
1993 $246,248,900
1994 $196,861,200
1995 $183,417,000
1996 $165,771,500
1997 $158,130,800
1998 $140,365,600
1999 $130,948,100
2000 $121,627,900
2001 $108,489,700
2002 $138,478,400
2003 $185,231,300
2004 $190,842,100
2005 $229,766,500
2006 $300,324,500
2007 $325,032,800
2008 $342,917,400
2009 $481,291,300
2010 $534,584,000
2011 $815,287,500
2012 $712,518,600
2013 $762,025,600
2014 $833,710,400
2015 $791,750,400
2016 $849,520,700
2017 $876,505,300
2018 $851,797,600

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

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt