External debt stocks, short-term in Upper middle income

Upper middle income: External debt stocks, short-term was 1.99 trillion DOD, current US$ in 2024. ◆ Volatile

Latest (2024)
1.99 trillion DOD, current US$
Change on year
up 1.9%
Rank
3rd
of 12 groups
All-time high
1.99 trillion DOD, current US$
in 2024
All-time low
5.27 billion DOD, current US$
in 1970
Years of data
55
1970–2024

External debt stocks, short-term in Upper middle income, 1970–2024

0500.0B1.0T1.5T2.0T197019972024

Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.

Analysis

In 2024, external debt stocks, short-term in Upper middle income stood at 1.99 trillion DOD, current US$. That is the highest value across all 55 years on record.

That represents a change of up 1.9% on the previous year and up 10.7% over ten years.

Over the whole period, external debt stocks, short-term in Upper middle income peaked at 1.99 trillion DOD, current US$ in 2024 and was at its lowest, 5.27 billion DOD, current US$, in 1970.

The series is highly variable year to year, so single readings are best treated with caution.

External debt stocks, short-term in Upper middle income, year by year

Annual values for External debt stocks, short-term (DOD, current US$) in Upper middle income, 1970 to 2024.
Year DOD, current US$ Change
1970 5.27 billion DOD, current US$ —
1971 6.10 billion DOD, current US$ +15.6%
1972 7.19 billion DOD, current US$ +17.9%
1973 8.56 billion DOD, current US$ +19.1%
1974 10.81 billion DOD, current US$ +26.3%
1975 12.91 billion DOD, current US$ +19.4%
1976 15.84 billion DOD, current US$ +22.7%
1977 32.03 billion DOD, current US$ +102.1%
1978 36.16 billion DOD, current US$ +12.9%
1979 41.59 billion DOD, current US$ +15.0%
1980 59.72 billion DOD, current US$ +43.6%
1981 74.38 billion DOD, current US$ +24.5%
1982 89.28 billion DOD, current US$ +20.0%
1983 62.08 billion DOD, current US$ -30.5%
1984 58.69 billion DOD, current US$ -5.5%
1985 56.00 billion DOD, current US$ -4.6%
1986 55.94 billion DOD, current US$ -0.1%
1987 61.99 billion DOD, current US$ +10.8%
1988 66.80 billion DOD, current US$ +7.8%
1989 79.48 billion DOD, current US$ +19.0%
1990 108.86 billion DOD, current US$ +37.0%
1991 130.56 billion DOD, current US$ +19.9%
1992 152.20 billion DOD, current US$ +16.6%
1993 187.97 billion DOD, current US$ +23.5%
1994 193.12 billion DOD, current US$ +2.7%
1995 237.78 billion DOD, current US$ +23.1%
1996 249.82 billion DOD, current US$ +5.1%
1997 255.15 billion DOD, current US$ +2.1%
1998 217.96 billion DOD, current US$ -14.6%
1999 201.38 billion DOD, current US$ -7.6%
2000 192.05 billion DOD, current US$ -4.6%
2001 211.67 billion DOD, current US$ +10.2%
2002 217.28 billion DOD, current US$ +2.6%
2003 267.55 billion DOD, current US$ +23.1%
2004 323.17 billion DOD, current US$ +20.8%
2005 377.22 billion DOD, current US$ +16.7%
2006 419.84 billion DOD, current US$ +11.3%
2007 493.89 billion DOD, current US$ +17.6%
2008 475.60 billion DOD, current US$ -3.7%
2009 544.80 billion DOD, current US$ +14.6%
2010 943.56 billion DOD, current US$ +73.2%
2011 1.21 trillion DOD, current US$ +28.2%
2012 1.28 trillion DOD, current US$ +6.1%
2013 1.63 trillion DOD, current US$ +27.2%
2014 1.80 trillion DOD, current US$ +10.2%
2015 1.31 trillion DOD, current US$ -27.0%
2016 1.26 trillion DOD, current US$ -4.4%
2017 1.54 trillion DOD, current US$ +22.7%
2018 1.76 trillion DOD, current US$ +14.0%
2019 1.75 trillion DOD, current US$ -0.3%
2020 1.76 trillion DOD, current US$ +0.5%
2021 1.92 trillion DOD, current US$ +8.9%
2022 1.87 trillion DOD, current US$ -2.5%
2023 1.96 trillion DOD, current US$ +4.7%
2024 1.99 trillion DOD, current US$ +1.9%

Biggest year-on-year movements

Years where External debt stocks, short-term in Upper middle income changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1977 +102.1% 15.84 billion DOD, current US$ 32.03 billion DOD, current US$

Averages by decade

DecadeAverage LowestHighest Years
1970s 17.65 billion DOD, current US$ 5.27 billion DOD, current US$ 41.59 billion DOD, current US$ 10
1980s 66.44 billion DOD, current US$ 55.94 billion DOD, current US$ 89.28 billion DOD, current US$ 10
1990s 193.48 billion DOD, current US$ 108.86 billion DOD, current US$ 255.15 billion DOD, current US$ 10
2000s 352.31 billion DOD, current US$ 192.05 billion DOD, current US$ 544.80 billion DOD, current US$ 10
2010s 1.45 trillion DOD, current US$ 943.56 billion DOD, current US$ 1.80 trillion DOD, current US$ 10
2020s 1.90 trillion DOD, current US$ 1.76 trillion DOD, current US$ 1.99 trillion DOD, current US$ 5

Countries ranked near Upper middle income

  1. 1 China 1.31 trillion DOD, current US$ compare
  2. 2 Turkey 178.13 billion DOD, current US$ compare
  3. 3 India 139.57 billion DOD, current US$ compare
  4. 4 Brazil 84.28 billion DOD, current US$ compare
  5. 5 Thailand 69.39 billion DOD, current US$ compare
  6. 6 Russia 65.57 billion DOD, current US$ compare

See the full ranking of 134 places →

More external debt data for Upper middle income

All data for Upper middle income →

Frequently asked questions

What is external debt stocks, short-term in Upper middle income?
External debt stocks, short-term in Upper middle income was 1.99 trillion DOD, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
What is the highest external debt stocks, short-term recorded in Upper middle income?
The highest recorded value was 1.99 trillion DOD, current US$ in 2024.
What is the lowest external debt stocks, short-term recorded in Upper middle income?
The lowest recorded value was 5.27 billion DOD, current US$ in 1970.
How does Upper middle income rank for external debt stocks, short-term?
Upper middle income ranks 3rd out of 12 groups with data for 2024.
Is external debt stocks, short-term rising or falling in Upper middle income?
Over the last ten years it is up 10.7%. The long-run trend across the full record is volatile.
Where does this Upper middle income data come from?
The figures come from International Debt Statistics, World Bank (WB), published as part of External debt stocks, short-term (DOD, current US$). Statizoid updates them automatically from the source API.

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External debt stocks, short-term in Upper middle income. Statizoid, drawing on International Debt Statistics, World Bank (WB). Retrieved 27 September 2026, from https://debt.statizoid.com/stat/external-debt-stocks-short-term-dod-current-us/upper-middle-income/

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About this data

Indicator
External debt stocks, short-term (DOD, current US$)
Unit
DOD, current US$
Source
International Debt Statistics, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
134 places, 6,282 data points, 1970–2024
Last refreshed

Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Data are in current U.S. dollars.