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

The latest value for External debt stocks, total (DOD, current US$) in Vanuatu was $402,236,800 as of 2018. Over the past 48 years, the value for this indicator has fluctuated between $402,236,800 in 2018 and $1,076,336 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 $1,076,336
1971 $1,125,378
1972 $2,738,114
1973 $3,550,437
1974 $3,672,414
1975 $3,548,332
1976 $4,190,587
1977 $4,884,871
1978 $5,102,634
1979 $4,858,952
1980 $4,122,944
1981 $3,008,900
1982 $4,077,203
1983 $10,619,150
1984 $12,939,710
1985 $15,762,870
1986 $18,237,360
1987 $23,649,700
1988 $26,778,350
1989 $30,315,050
1990 $38,217,710
1991 $34,869,380
1992 $36,227,060
1993 $40,189,500
1994 $45,581,300
1995 $48,945,490
1996 $47,879,680
1997 $48,734,560
1998 $64,167,380
1999 $87,977,200
2000 $112,263,800
2001 $122,663,900
2002 $160,584,300
2003 $161,146,200
2004 $153,932,000
2005 $100,347,500
2006 $110,583,700
2007 $127,898,900
2008 $148,880,800
2009 $153,308,900
2010 $177,656,200
2011 $178,444,500
2012 $182,211,900
2013 $158,471,600
2014 $203,273,700
2015 $256,793,100
2016 $293,420,800
2017 $401,420,200
2018 $402,236,800

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