Thailand - Short-term debt (% of total external debt)

Short-term debt (% of total external debt) in Thailand was 35.63 as of 2018. Its highest value over the past 48 years was 47.63 in 2010, while its lowest value was 13.07 in 1987.

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:

Year Value
1970 27.48
1971 27.52
1972 27.49
1973 27.53
1974 27.48
1975 27.50
1976 27.52
1977 37.79
1978 41.64
1979 35.22
1980 27.76
1981 26.52
1982 24.85
1983 23.77
1984 23.65
1985 18.24
1986 15.32
1987 13.07
1988 22.06
1989 25.97
1990 29.55
1991 33.07
1992 35.18
1993 42.94
1994 44.48
1995 44.05
1996 42.27
1997 34.48
1998 28.26
1999 24.17
2000 18.64
2001 19.65
2002 18.94
2003 18.74
2004 19.67
2005 27.39
2006 28.50
2007 29.14
2008 30.71
2009 41.18
2010 47.63
2011 40.96
2012 39.25
2013 40.81
2014 38.37
2015 39.59
2016 38.37
2017 41.03
2018 35.63

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


Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt