Present value of external debt (% of exports of goods, services and income) - Country Ranking

Definition: Present value of debt is the sum of short-term external debt plus the discounted sum of total debt service payments due on public, publicly guaranteed, and private nonguaranteed long-term external debt over the life of existing loans. The exports denominator is a three-year average.

Source: World Bank, International Debt Statistics.

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Sudan 400.47 2018
2 Bhutan 246.12 2018
3 Jamaica 228.79 2018
4 São Tomé and Principe 213.80 2018
5 Pakistan 211.39 2018
6 Argentina 206.93 2018
7 Kenya 177.70 2018
8 Sri Lanka 167.57 2018
9 Lebanon 161.22 2018
10 El Salvador 154.53 2018
11 Cabo Verde 154.53 2018
12 Mozambique 154.39 2018
13 Ecuador 152.96 2018
14 Dominica 151.43 2018
15 Colombia 147.52 2018
16 Egypt 140.72 2018
17 Kyrgyz Republic 128.03 2018
18 Lao PDR 121.88 2018
19 Dominican Republic 120.03 2018
20 Belize 119.38 2018
21 Montenegro 114.89 2018
22 Tunisia 114.84 2018
23 Samoa 111.74 2018
24 Zimbabwe 110.55 2018
25 Jordan 109.25 2018
26 Rwanda 104.94 2018
27 Tonga 101.52 2018
28 Indonesia 99.77 2018
29 Tajikistan 98.78 2018
30 Armenia 98.63 2018
31 Zambia 96.60 2018
32 Uganda 94.73 2018
33 Mongolia 94.18 2018
34 St. Vincent and the Grenadines 92.81 2018
35 Angola 91.61 2018
36 Honduras 91.24 2018
37 Albania 89.26 2018
38 Bolivia 88.90 2018
39 Nicaragua 87.94 2018
40 Myanmar 86.08 2018
41 Haiti 82.25 2018
42 Morocco 76.18 2018
43 Ukraine 75.79 2018
44 Benin 74.63 2018
45 South Africa 74.33 2018
46 Grenada 73.62 2018
47 Mexico 70.13 2018
48 Costa Rica 69.02 2018
49 Serbia 65.29 2018
50 Brazil 63.86 2018
51 Bangladesh 61.95 2018
52 Georgia 59.54 2018
53 Turkey 59.44 2018
54 Guatemala 58.39 2018
55 Bosnia and Herzegovina 57.01 2018
56 Belarus 52.93 2018
57 North Macedonia 51.25 2018
58 Azerbaijan 49.67 2018
59 Madagascar 47.68 2018
60 Philippines 46.11 2018
61 Paraguay 44.62 2018
62 St. Lucia 43.82 2018
63 Russia 43.08 2018
64 Peru 42.90 2018
65 Lesotho 42.87 2018
66 Uzbekistan 40.81 2018
67 Romania 40.61 2018
68 Kazakhstan 36.33 2018
69 Moldova 33.38 2018
70 India 31.52 2018
71 Cambodia 28.69 2018
72 Bulgaria 28.00 2018
73 Nigeria 26.74 2018
74 Fiji 25.25 2018
75 Dem. Rep. Congo 24.45 2018
76 Papua New Guinea 20.46 2018
77 Guinea 19.98 2018
78 Vietnam 18.68 2018
79 Eswatini 18.39 2018
80 Botswana 17.18 2018
81 Solomon Islands 11.23 2018
82 Mauritius 10.33 2018
83 Timor-Leste 10.30 2018
84 Thailand 8.26 2018
85 China 6.98 2018
86 Algeria 3.19 2018
87 Iran 0.53 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.

Periodicity: Annual