St. Lucia - External debt stocks, total (DOD, current US$)

The latest value for External debt stocks, total (DOD, current US$) in St. Lucia was $733,837,600 as of 2020. Over the past 39 years, the value for this indicator has fluctuated between $837,871,600 in 2008 and $15,516,310 in 1981.

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
1981 $15,516,310
1982 $17,122,200
1983 $18,907,710
1984 $20,290,500
1985 $23,113,170
1986 $31,803,860
1987 $46,728,180
1988 $57,458,860
1989 $65,679,760
1990 $79,175,700
1991 $82,343,010
1992 $97,981,220
1993 $100,852,500
1994 $113,598,500
1995 $128,275,600
1996 $141,571,000
1997 $152,941,400
1998 $184,359,400
1999 $188,238,700
2000 $227,013,600
2001 $258,544,400
2002 $293,240,200
2003 $338,775,700
2004 $362,713,800
2005 $422,787,000
2006 $375,696,100
2007 $481,016,100
2008 $837,871,600
2009 $438,816,200
2010 $584,783,200
2011 $455,833,300
2012 $432,707,400
2013 $479,336,100
2014 $537,109,200
2015 $529,980,900
2016 $543,662,500
2017 $621,896,100
2018 $615,495,600
2019 $638,927,000
2020 $733,837,600

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