Present value of external debt (% of GNI) - 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 GNI 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 Djibouti 233.58 2018
2 Jamaica 92.13 2018
3 Bhutan 85.86 2018
4 Cabo Verde 79.47 2018
5 Mauritania 76.79 2018
6 Belize 72.18 2018
7 Mozambique 67.99 2018
8 Lebanon 67.12 2018
9 Mongolia 64.61 2018
10 Tunisia 59.49 2018
11 Montenegro 56.32 2018
12 Sudan 54.06 2018
13 Dominica 51.74 2018
14 São Tomé and Principe 51.73 2018
15 El Salvador 48.77 2018
16 Lao PDR 44.79 2018
17 Grenada 44.45 2018
18 Armenia 43.93 2018
19 Kyrgyz Republic 42.90 2018
20 Ukraine 42.10 2018
21 Samoa 41.82 2018
22 Jordan 41.77 2018
23 Sri Lanka 39.77 2018
24 Belarus 39.61 2018
25 Gabon 39.19 2018
26 Georgia 39.16 2018
27 Somalia 38.54 2018
28 Nicaragua 38.46 2018
29 Angola 37.93 2018
30 Zambia 37.26 2018
31 Congo 36.73 2018
32 Ecuador 36.07 2018
33 Serbia 35.05 2018
34 Senegal 34.88 2018
35 St. Vincent and the Grenadines 34.33 2018
36 Argentina 34.22 2018
37 Tonga 34.20 2018
38 North Macedonia 32.82 2018
39 Dominican Republic 32.07 2018
40 Guyana 31.71 2018
41 St. Lucia 31.34 2018
42 Albania 31.11 2018
43 Honduras 30.64 2018
44 Azerbaijan 30.28 2018
45 Egypt 30.22 2018
46 Tajikistan 29.75 2018
47 Mexico 28.98 2018
48 Morocco 28.73 2018
49 Côte d'Ivoire 28.01 2018
50 Colombia 27.74 2018
51 Ghana 27.74 2018
52 Vanuatu 27.41 2018
53 The Gambia 26.81 2018
54 Ethiopia 26.08 2018
55 Costa Rica 25.70 2018
56 Bosnia and Herzegovina 25.34 2018
57 Chad 25.28 2018
58 Kenya 25.08 2018
59 South Africa 24.59 2018
60 Niger 24.12 2018
61 Bolivia 23.81 2018
62 Cambodia 23.78 2018
63 Lesotho 23.30 2018
64 Rwanda 23.20 2018
65 Indonesia 21.54 2018
66 Myanmar 21.25 2018
67 Vietnam 20.99 2018
68 Cameroon 20.73 2018
69 Sierra Leone 20.72 2018
70 Yemen 20.36 2018
71 Uganda 20.12 2018
72 Benin 20.02 2018
73 Pakistan 19.79 2018
74 Tanzania 19.48 2018
75 Liberia 18.86 2018
76 Malawi 18.59 2018
77 Bulgaria 18.57 2018
78 Zimbabwe 18.44 2018
79 Central African Republic 18.30 2018
80 Togo 18.22 2018
81 Turkey 18.08 2018
82 Romania 18.05 2018
83 Mali 18.01 2018
84 Madagascar 17.92 2018
85 Kazakhstan 17.01 2018
86 Guinea-Bissau 16.87 2018
87 Paraguay 16.44 2018
88 Haiti 15.66 2018
89 Burkina Faso 14.99 2018
90 Russia 14.94 2018
91 Uzbekistan 13.58 2018
92 Fiji 13.47 2018
93 Moldova 12.43 2018
94 Nepal 11.83 2018
95 Philippines 11.75 2018
96 Peru 11.70 2018
97 Guatemala 11.21 2018
98 Burundi 10.68 2018
99 Brazil 10.43 2018
100 Papua New Guinea 9.64 2018
101 Bangladesh 9.58 2018
102 Afghanistan 9.15 2018
103 Mauritius 9.15 2018
104 Dem. Rep. Congo 8.67 2018
105 Comoros 8.21 2018
106 Eswatini 8.06 2018
107 Guinea 8.00 2018
108 Botswana 7.25 2018
109 India 6.54 2018
110 Solomon Islands 6.06 2018
111 Thailand 5.91 2018
112 Nigeria 4.94 2018
113 Timor-Leste 4.40 2018
114 China 1.49 2018
115 Algeria 0.82 2018
116 Turkmenistan 0.54 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