Short-term debt (% of total external debt) - Country Ranking

Definition: Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. 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.

Source: World Bank, International Debt Statistics.

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Iran 62.60 2018
2 China 62.12 2018
3 Mauritius 42.78 2018
4 Algeria 40.61 2018
5 Jordan 35.92 2018
6 Thailand 35.63 2018
7 Turkmenistan 33.80 2018
8 Venezuela 29.84 2018
9 Paraguay 29.36 2018
10 Somalia 28.07 2018
11 Zimbabwe 27.46 2018
12 Moldova 26.18 2018
13 Turkey 25.93 2018
14 Sudan 24.92 2018
15 Belarus 24.72 2018
16 Bulgaria 24.31 2018
17 Argentina 24.09 2018
18 Tunisia 23.35 2018
19 Albania 21.38 2018
20 Mauritania 21.13 2018
21 South Africa 20.43 2018
22 Philippines 20.38 2018
23 India 19.98 2018
24 Grenada 18.25 2018
25 Vietnam 18.12 2018
26 Ukraine 18.07 2018
27 Bangladesh 17.33 2018
28 Togo 15.84 2018
29 Georgia 15.59 2018
30 Ghana 15.59 2018
31 Sri Lanka 15.55 2018
32 Cambodia 15.43 2018
33 North Macedonia 15.37 2018
34 Morocco 15.19 2018
35 Peru 14.99 2018
36 St. Lucia 14.80 2018
37 Tajikistan 14.62 2018
38 Botswana 14.35 2018
39 Indonesia 14.33 2018
40 Romania 14.15 2018
41 Afghanistan 13.99 2018
42 Mexico 13.49 2018
43 Jamaica 12.22 2018
44 Costa Rica 12.11 2018
45 Brazil 11.98 2018
46 Syrian Arab Republic 11.95 2018
47 El Salvador 11.84 2018
48 Nicaragua 11.73 2018
49 Central African Republic 11.60 2018
50 Vanuatu 11.22 2018
51 Colombia 11.19 2018
52 Solomon Islands 11.08 2018
53 Sierra Leone 11.00 2018
54 Russia 10.64 2018
55 Mongolia 10.55 2018
56 Egypt 10.48 2018
57 Armenia 10.29 2018
58 Guinea-Bissau 10.11 2018
59 Tanzania 9.75 2018
60 Pakistan 9.13 2018
61 Guinea 8.95 2018
62 Mozambique 8.09 2018
63 Kenya 8.08 2018
64 Guyana 7.77 2018
65 Djibouti 7.47 2018
66 Honduras 7.37 2018
67 Madagascar 7.28 2018
68 Lebanon 6.99 2018
69 Dominican Republic 6.25 2018
70 Serbia 6.15 2018
71 Congo 5.92 2018
72 Myanmar 5.89 2018
73 Kyrgyz Republic 5.67 2018
74 Kazakhstan 5.33 2018
75 Bolivia 5.29 2018
76 Fiji 5.23 2018
77 Yemen 5.14 2018
78 Dominica 4.71 2018
79 Eswatini 4.69 2018
80 Nepal 4.59 2018
81 Eritrea 4.40 2018
82 Angola 4.24 2018
83 Uganda 4.13 2018
84 Uzbekistan 4.10 2018
85 Guatemala 4.09 2018
86 São Tomé and Principe 3.93 2018
87 Cameroon 3.86 2018
88 Azerbaijan 3.51 2018
89 Zambia 3.49 2018
90 Gabon 2.77 2018
91 Ethiopia 2.67 2018
92 The Gambia 2.63 2018
93 Papua New Guinea 2.61 2018
94 Lao PDR 2.59 2018
95 Mali 2.28 2018
96 Niger 2.15 2018
97 Dem. Rep. Congo 1.95 2018
98 Rwanda 1.91 2018
99 Bosnia and Herzegovina 1.69 2018
100 Ecuador 1.67 2018
101 Timor-Leste 1.64 2018
102 Benin 1.51 2018
103 Montenegro 1.47 2018
104 Malawi 1.02 2018
105 Côte d'Ivoire 0.88 2018
106 Comoros 0.61 2018
107 Chad 0.44 2018
108 Belize 0.27 2018
109 Bhutan 0.17 2018
110 Cabo Verde 0.09 2018
111 Lesotho 0.06 2018
112 Burundi 0.04 2018
113 Haiti 0.00 2018
114 Nigeria 0.00 2018
115 Burkina Faso 0.00 2018
115 St. Vincent and the Grenadines 0.00 2018
115 Tonga 0.00 2018
115 Liberia 0.00 2018
115 Samoa 0.00 2018
115 Senegal 0.00 2018

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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