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

The latest value for External debt stocks, short-term (DOD, current US$) in Guinea was $143,960,000 as of 2020. Over the past 50 years, the value for this indicator has fluctuated between $404,374,000 in 1997 and $4,905,721 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 $4,905,721
1971 $8,767,928
1972 $12,256,680
1973 $17,481,570
1974 $20,408,960
1975 $22,848,670
1976 $26,700,660
1977 $67,174,930
1978 $74,417,250
1979 $115,765,400
1980 $80,061,850
1981 $91,201,940
1982 $93,145,600
1983 $98,550,710
1984 $96,058,370
1985 $131,816,300
1986 $92,466,340
1987 $137,277,100
1988 $175,086,200
1989 $146,038,700
1990 $172,004,300
1991 $168,462,000
1992 $122,418,500
1993 $124,136,500
1994 $146,421,300
1995 $156,481,600
1996 $171,054,700
1997 $404,374,000
1998 $287,737,600
1999 $280,453,000
2000 $295,681,300
2001 $204,856,400
2002 $276,320,500
2003 $66,051,150
2004 $68,034,050
2005 $158,172,600
2006 $125,469,100
2007 $135,926,600
2008 $127,696,400
2009 $22,831,240
2010 $115,080,500
2011 $45,487,970
2012 $95,627,020
2013 $99,213,610
2014 $64,027,040
2015 $102,863,200
2016 $74,442,000
2017 $102,475,000
2018 $136,077,700
2019 $187,984,000
2020 $143,960,000

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