Short-term debt (% of total external debt) in Ecuador
Ecuador: Short-term debt (% of total external debt) was 1.0% in 2024. ◆ Volatile
Short-term debt in Ecuador, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
In 2024, short-term debt in Ecuador stood at 1.0%. That is the lowest value across all 55 years on record.
The figure is down 69.2% on the previous year and down 74.4% over ten years.
Over the whole period, short-term debt in Ecuador peaked at 34.4% in 1977 and was at its lowest, 1.0%, in 2024.
That places Ecuador 104th out of 122 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt (% of total external debt) in Ecuador, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1970 | 26.4% | — |
| 1971 | 27.5% | +4.4% |
| 1972 | 24.3% | -11.6% |
| 1973 | 24.2% | -0.4% |
| 1974 | 24.0% | -1.0% |
| 1975 | 19.9% | -16.9% |
| 1976 | 19.8% | -0.8% |
| 1977 | 34.4% | +74.2% |
| 1978 | 29.3% | -14.9% |
| 1979 | 24.8% | -15.4% |
| 1980 | 25.8% | +4.1% |
| 1981 | 26.0% | +0.9% |
| 1982 | 28.1% | +7.9% |
| 1983 | 15.2% | -46.0% |
| 1984 | 15.3% | +0.9% |
| 1985 | 11.3% | -26.4% |
| 1986 | 5.3% | -52.5% |
| 1987 | 8.5% | +58.6% |
| 1988 | 11.0% | +30.2% |
| 1989 | 12.4% | +12.0% |
| 1990 | 14.9% | +20.6% |
| 1991 | 17.5% | +17.4% |
| 1992 | 18.3% | +4.7% |
| 1993 | 27.4% | +49.2% |
| 1994 | 22.6% | -17.2% |
| 1995 | 7.7% | -65.9% |
| 1996 | 9.1% | +17.8% |
| 1997 | 11.3% | +24.0% |
| 1998 | 12.3% | +8.9% |
| 1999 | 5.9% | -51.8% |
| 2000 | 4.6% | -21.6% |
| 2001 | 7.8% | +67.4% |
| 2002 | 11.8% | +52.1% |
| 2003 | 8.6% | -27.4% |
| 2004 | 8.4% | -2.6% |
| 2005 | 7.4% | -11.0% |
| 2006 | 8.7% | +16.8% |
| 2007 | 9.0% | +3.2% |
| 2008 | 8.7% | -3.1% |
| 2009 | 10.1% | +15.8% |
| 2010 | 6.9% | -31.3% |
| 2011 | 5.2% | -24.5% |
| 2012 | 4.8% | -7.8% |
| 2013 | 4.5% | -6.9% |
| 2014 | 4.0% | -9.7% |
| 2015 | 3.7% | -7.6% |
| 2016 | 2.5% | -34.0% |
| 2017 | 2.7% | +7.7% |
| 2018 | 2.4% | -9.9% |
| 2019 | 1.8% | -25.0% |
| 2020 | 2.0% | +11.4% |
| 2021 | 2.2% | +7.8% |
| 2022 | 3.2% | +47.0% |
| 2023 | 3.4% | +6.2% |
| 2024 | 1.0% | -69.2% |
Ecuador compared with similar countries
- Ecuador's 1.0% is below the median for upper middle income countries, which is 11.8%, 9% of the median. (52 countries reporting)
- Ecuador's 1.0% is below the median for Latin America & Caribbean, which is 9.1%, 11% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.5% | 19.8% | 34.4% | 10 |
| 1980s | 15.9% | 5.3% | 28.1% | 10 |
| 1990s | 14.7% | 5.9% | 27.4% | 10 |
| 2000s | 8.5% | 4.6% | 11.8% | 10 |
| 2010s | 3.9% | 1.8% | 6.9% | 10 |
| 2020s | 2.3% | 1.0% | 3.4% | 5 |
Countries ranked near Ecuador
- 101 Mozambique 1.7% compare
- 102 Guyana 1.7% compare
- 103 Madagascar 1.5% compare
- 105 Ethiopia 1.0% compare
- 106 Papua New Guinea 0.9% compare
- 107 Turkmenistan 0.9% compare
More external debt data for Ecuador
- IFC, private nonguaranteed 96.60 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 5.33 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0008 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 77.22 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 3.7% (2024)
- Net financial flows, IDA -66,000 NFL, current US$ (2023)
- Net financial flows, IDA (NFL, current US$), per capita -0.0037 NFL, current US$ per person (2023)
- Net financial flows, IDA (NFL, current US$), per unit of GDP -0 NFL, current US$ per US$ of GDP (2023)
- Net financial flows, IBRD 1.05 billion NFL, current US$ (2024)
- Public and publicly guaranteed debt service 11.6% (2024)
Frequently asked questions
- What is short-term debt in Ecuador?
- Short-term debt in Ecuador was 1.0% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Ecuador?
- The highest recorded value was 34.4% in 1977.
- What is the lowest short-term debt recorded in Ecuador?
- The lowest recorded value was 1.0% in 2024.
- How does Ecuador rank for short-term debt?
- Ecuador ranks 104th out of 122 countries with data for 2024.
- Is short-term debt rising or falling in Ecuador?
- Over the last ten years it is down 74.4%. The long-run trend across the full record is volatile.
- Where does this Ecuador data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Short-term debt (% of total external debt). Statizoid updates them automatically from the source API.
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About this data
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.