External debt stocks (% of GNI) - Country Ranking

Definition: Total external debt stocks to gross national income. 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. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.

Source: World Bank, International Debt Statistics.

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Mongolia 253.87 2018
2 Djibouti 157.61 2018
3 Lebanon 145.11 2018
4 Montenegro 142.43 2018
5 Georgia 110.63 2018
6 Bhutan 109.24 2018
7 Jamaica 108.01 2018
8 Mozambique 107.57 2018
9 Kazakhstan 105.71 2018
10 Kyrgyz Republic 102.98 2018
11 Mauritania 93.45 2018
12 Nicaragua 90.70 2018
13 Lao PDR 90.18 2018
14 Tunisia 90.04 2018
15 Ukraine 89.63 2018
16 Cabo Verde 89.30 2018
17 Armenia 87.48 2018
18 Bosnia and Herzegovina 80.41 2018
19 Papua New Guinea 78.39 2018
20 Belize 76.78 2018
21 Jordan 76.13 2018
22 Zambia 73.66 2018
23 North Macedonia 72.03 2018
24 Mauritius 71.77 2018
25 Serbia 71.68 2018
26 El Salvador 71.13 2018
27 Belarus 67.67 2018
28 Tajikistan 67.65 2018
29 Albania 67.24 2018
30 Cambodia 66.92 2018
31 Moldova 61.31 2018
32 Sri Lanka 60.85 2018
33 Bulgaria 60.29 2018
34 Turkey 58.97 2018
35 Rwanda 58.96 2018
36 Grenada 58.83 2018
37 São Tomé and Principe 58.77 2018
38 Sudan 56.91 2018
39 Argentina 56.13 2018
40 Dominica 55.28 2018
41 Angola 54.00 2018
42 Senegal 53.27 2018
43 Samoa 51.34 2018
44 Congo 51.13 2018
45 South Africa 50.56 2018
46 Costa Rica 48.98 2018
47 Romania 47.98 2018
48 Vietnam 46.70 2018
49 Uganda 46.34 2018
50 Vanuatu 45.95 2018
51 Sierra Leone 45.09 2018
52 Liberia 44.66 2018
53 Guyana 44.57 2018
54 Dominican Republic 43.77 2018
55 Honduras 43.00 2018
56 Gabon 42.97 2018
57 The Gambia 42.71 2018
58 Ecuador 42.63 2018
59 Colombia 42.29 2018
60 Morocco 42.23 2018
61 Tonga 41.27 2018
62 Eritrea 40.83 2011
63 Egypt 40.35 2018
64 Paraguay 39.85 2018
65 Zimbabwe 39.81 2018
66 Somalia 39.35 2018
67 Mexico 38.02 2018
68 Côte d'Ivoire 37.92 2018
69 St. Vincent and the Grenadines 37.59 2018
70 Indonesia 36.62 2018
71 Azerbaijan 36.45 2018
72 Ghana 36.28 2018
73 Kenya 36.14 2018
74 Niger 36.06 2018
75 Benin 35.91 2018
76 St. Lucia 35.14 2018
77 Thailand 35.09 2018
78 Venezuela 33.91 2014
79 Uzbekistan 33.89 2018
80 Bolivia 33.78 2018
81 Ethiopia 33.44 2018
82 Togo 33.27 2018
83 Tanzania 33.06 2018
84 Central African Republic 32.65 2018
85 Malawi 32.16 2018
86 Madagascar 31.76 2018
87 Peru 31.28 2018
88 Cameroon 30.40 2018
89 Brazil 30.31 2018
90 Mali 29.47 2018
91 Chad 29.29 2018
92 Lesotho 29.22 2018
93 Solomon Islands 29.08 2018
94 Guatemala 28.97 2018
95 Guinea-Bissau 28.89 2018
96 Russia 28.09 2018
97 Pakistan 27.64 2018
98 Yemen 26.15 2018
99 Burkina Faso 23.42 2018
100 Haiti 22.79 2018
101 Myanmar 21.55 2018
102 Philippines 19.85 2018
103 India 19.32 2018
104 Burundi 19.16 2018
105 Nepal 18.86 2018
106 Bangladesh 18.19 2018
107 Fiji 16.69 2018
108 Comoros 16.46 2018
109 Guinea 16.38 2018
110 China 14.47 2018
111 Syrian Arab Republic 14.34 2007
112 Afghanistan 13.37 2018
113 Nigeria 12.20 2018
114 Dem. Rep. Congo 10.92 2018
115 Eswatini 10.87 2018
116 Botswana 9.72 2018
117 Timor-Leste 6.69 2018
118 Algeria 3.22 2018
119 Turkmenistan 2.32 2018
120 Iran 1.49 2017

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Development Relevance: External debt is that part of the total debt in a country that is owed to creditors outside the country. The debtors can be the government, corporations or private households. The debt includes money owed to private commercial banks, other governments, or international financial institutions. 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. Various indicators determine a sustainable level of external debt, including: a) debt to GDP ratio b) foreign debt to exports ratio c) government debt to current fiscal revenue ratio d) share of foreign debt e) short-term debt f) concessional debt in the total debt stock

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: Weighted average

Periodicity: Annual