Lesotho - External debt stocks, total (DOD, current US$)

The latest value for External debt stocks, total (DOD, current US$) in Lesotho was $914,773,700 as of 2018. Over the past 48 years, the value for this indicator has fluctuated between $935,622,000 in 2017 and $8,122,200 in 1970.

Definition: 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. Data are in current U.S. dollars.

Source: World Bank, International Debt Statistics.

See also:

Year Value
1970 $8,122,200
1971 $8,628,404
1972 $9,486,440
1973 $8,260,481
1974 $10,154,660
1975 $14,085,560
1976 $16,202,000
1977 $24,589,680
1978 $34,003,370
1979 $53,128,550
1980 $71,941,750
1981 $84,408,000
1982 $122,070,100
1983 $128,672,800
1984 $138,033,400
1985 $175,286,600
1986 $197,621,600
1987 $258,625,600
1988 $287,087,600
1989 $328,147,700
1990 $395,586,100
1991 $447,387,600
1992 $494,402,000
1993 $542,372,000
1994 $622,553,700
1995 $684,357,700
1996 $701,229,500
1997 $672,950,600
1998 $688,207,800
1999 $687,190,400
2000 $769,689,600
2001 $684,403,500
2002 $712,577,900
2003 $705,761,400
2004 $773,436,500
2005 $666,293,800
2006 $657,437,100
2007 $685,484,500
2008 $700,047,300
2009 $766,529,500
2010 $788,060,200
2011 $813,623,700
2012 $877,145,900
2013 $902,056,100
2014 $890,477,600
2015 $888,422,500
2016 $883,222,300
2017 $935,622,000
2018 $914,773,700

Development Relevance: 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.

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: Sum

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt