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 China 56.06 2016
2 Iran 51.95 2016
3 Panama 48.38 2016
4 Thailand 43.45 2016
5 Malaysia 41.04 2016
6 Jordan 38.46 2016
7 Algeria 36.33 2016
8 Zimbabwe 33.55 2016
9 Somalia 29.91 2016
10 Turkmenistan 29.64 2016
11 Paraguay 28.77 2016
12 Belarus 28.31 2016
13 Moldova 26.55 2016
14 Mauritius 25.64 2016
15 Venezuela 25.50 2016
16 Argentina 24.85 2016
17 Turkey 24.16 2016
18 Sudan 23.89 2016
19 Tunisia 23.81 2016
20 Albania 22.43 2016
21 Bulgaria 21.71 2016
22 South Africa 20.40 2016
23 Morocco 19.29 2016
24 Bangladesh 19.05 2016
25 Philippines 18.79 2016
26 Swaziland 18.75 2016
27 India 18.38 2016
28 Egypt 17.77 2016
29 Botswana 17.56 2016
30 Ukraine 17.08 2016
31 Cambodia 16.88 2016
32 Tajikistan 16.73 2016
33 El Salvador 16.62 2016
34 Vietnam 16.11 2016
35 Sri Lanka 15.91 2016
36 St. Lucia 15.19 2016
37 Macedonia 15.06 2016
38 Georgia 14.75 2016
39 Vanuatu 14.55 2016
40 Guyana 14.55 2016
41 Solomon Islands 14.45 2016
42 Romania 13.42 2016
43 Indonesia 13.29 2016
44 Ghana 13.06 2016
45 Nicaragua 12.80 2016
46 Mexico 12.77 2016
47 Tanzania 12.37 2016
48 Central African Republic 12.24 2016
49 Syrian Arab Republic 11.85 2016
50 Lebanon 11.82 2016
51 Myanmar 11.80 2016
52 Fiji 11.35 2016
53 Jamaica 11.32 2016
54 Peru 11.17 2016
55 Guinea-Bissau 11.05 2016
56 Mongolia 10.79 2016
57 Armenia 10.77 2016
58 Zambia 10.59 2016
59 Brazil 10.53 2016
60 Azerbaijan 10.38 2016
61 Costa Rica 10.01 2016
62 Kenya 9.97 2016
63 Pakistan 9.92 2016
64 Dominican Republic 9.90 2016
65 Colombia 9.60 2016
66 Nepal 8.80 2016
67 Russia 8.60 2016
68 Afghanistan 8.55 2016
69 Rwanda 8.14 2016
70 Mozambique 7.37 2016
71 Madagascar 6.98 2016
72 Guinea 6.56 2016
73 Bosnia and Herzegovina 6.27 2016
74 Montenegro 6.19 2016
75 Honduras 5.76 2016
76 Togo 5.47 2016
77 Congo 5.28 2016
78 Gabon 5.22 2016
79 Sierra Leone 5.14 2016
80 Uganda 5.05 2016
81 Lao PDR 5.02 2016
82 Mauritania 4.88 2016
83 Dem. Rep. Congo 4.58 2016
84 Kyrgyz Republic 4.46 2016
85 Bolivia 4.31 2016
86 Guatemala 4.27 2016
87 Kazakhstan 4.23 2016
88 Ethiopia 4.01 2016
89 Serbia 3.82 2016
90 Cameroon 3.81 2016
91 São Tomé and Principe 3.80 2016
92 Grenada 3.68 2016
93 The Gambia 3.64 2016
94 Yemen 3.48 2016
95 Eritrea 3.47 2016
96 Niger 3.46 2016
97 Côte d'Ivoire 3.21 2016
98 Djibouti 3.09 2016
99 Papua New Guinea 3.01 2016
100 Dominica 2.95 2016
101 Ecuador 2.76 2016
102 Benin 2.67 2016
103 Malawi 2.39 2016
104 Mali 2.15 2016
105 Uzbekistan 2.13 2016
106 St. Vincent and the Grenadines 1.11 2016
107 Comoros 0.96 2016
108 Chad 0.46 2016
109 Belize 0.45 2016
110 Angola 0.44 2016
111 Tonga 0.26 2016
112 Cabo Verde 0.10 2016
113 Haiti 0.04 2016
114 Bhutan 0.04 2016
115 Burundi 0.04 2016
116 Lesotho 0.01 2016
117 Nigeria 0.00 2016
118 Senegal 0.00 2016
119 Burkina Faso 0.00 2016
119 Liberia 0.00 2016
119 Samoa 0.00 2016

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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