Short-term debt in Ethiopia
Ethiopia: Short-term debt was 1.0% in 2024. ◆ Volatile
Short-term debt in Ethiopia, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
In 2024, short-term debt in Ethiopia stood at 1.0%.
The figure is up 58.5% on the previous year and down 44.1% over ten years.
Over the whole period, short-term debt in Ethiopia peaked at 10.7% in 1977 and was at its lowest, 0.0%, in 1974.
That places Ethiopia 104th out of 121 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 in Ethiopia, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1970 | 0.2% | — |
| 1971 | 0.2% | -0.4% |
| 1972 | 0.3% | +58.9% |
| 1973 | 0.0% | -96.7% |
| 1974 | 0.0% | -43.5% |
| 1975 | 0.0% | +406.6% |
| 1976 | 0.1% | +326.2% |
| 1977 | 10.7% | +7997.5% |
| 1978 | 9.2% | -13.6% |
| 1979 | 8.7% | -5.2% |
| 1980 | 6.9% | -21.5% |
| 1981 | 3.2% | -53.6% |
| 1982 | 2.1% | -35.0% |
| 1983 | 1.6% | -21.2% |
| 1984 | 1.6% | -1.7% |
| 1985 | 1.5% | -7.5% |
| 1986 | 1.4% | -8.6% |
| 1987 | 1.3% | -2.4% |
| 1988 | 1.7% | +30.9% |
| 1989 | 1.4% | -17.8% |
| 1990 | 1.7% | +18.2% |
| 1991 | 3.0% | +79.5% |
| 1992 | 3.4% | +12.8% |
| 1993 | 3.8% | +11.2% |
| 1994 | 4.2% | +11.0% |
| 1995 | 4.5% | +6.1% |
| 1996 | 5.0% | +11.5% |
| 1997 | 5.6% | +12.7% |
| 1998 | 6.0% | +7.8% |
| 1999 | 1.6% | -74.0% |
| 2000 | 1.6% | -0.9% |
| 2001 | 0.9% | -40.0% |
| 2002 | 0.9% | -7.0% |
| 2003 | 0.9% | +1.4% |
| 2004 | 1.1% | +25.9% |
| 2005 | 2.1% | +86.8% |
| 2006 | 2.8% | +36.9% |
| 2007 | 2.6% | -10.0% |
| 2008 | 2.0% | -20.2% |
| 2009 | 4.3% | +109.8% |
| 2010 | 4.1% | -2.9% |
| 2011 | 2.1% | -49.3% |
| 2012 | 0.3% | -83.6% |
| 2013 | 1.6% | +369.7% |
| 2014 | 1.7% | +6.3% |
| 2015 | 2.7% | +56.2% |
| 2016 | 4.0% | +47.4% |
| 2017 | 2.4% | -38.9% |
| 2018 | 2.5% | +3.6% |
| 2019 | 1.6% | -36.8% |
| 2020 | 1.3% | -20.6% |
| 2021 | 1.7% | +31.7% |
| 2022 | 1.1% | -36.1% |
| 2023 | 0.6% | -42.8% |
| 2024 | 1.0% | +58.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.0% | 0.0% | 10.7% | 10 |
| 1980s | 2.3% | 1.3% | 6.9% | 10 |
| 1990s | 3.9% | 1.6% | 6.0% | 10 |
| 2000s | 1.9% | 0.9% | 4.3% | 10 |
| 2010s | 2.3% | 0.3% | 4.1% | 10 |
| 2020s | 1.1% | 0.6% | 1.7% | 5 |
Countries ranked near Ethiopia
- 101 Guyana 1.7% compare
- 102 Madagascar 1.5% compare
- 103 Ecuador 1.0% compare
- 105 Papua New Guinea 0.9% compare
- 106 Turkmenistan 0.9% compare
- 107 Chad 0.9% compare
More external debt data for Ethiopia
- IFC, private nonguaranteed 23.11 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0.175 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0002 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 66.46 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 0.7% (2024)
- Net financial flows, IDA 1.13 billion NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 8.58 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0076 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD -4.01 million NFL, current US$ (1995)
- Public and publicly guaranteed debt service 8.1% (2024)
Frequently asked questions
- What is short-term debt in Ethiopia?
- Short-term debt in Ethiopia was 1.0% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Ethiopia?
- The highest recorded value was 10.7% in 1977.
- What is the lowest short-term debt recorded in Ethiopia?
- The lowest recorded value was 0.0% in 1974.
- How does Ethiopia rank for short-term debt?
- Ethiopia ranks 104th out of 121 countries with data for 2024.
- Is short-term debt rising or falling in Ethiopia?
- Over the last ten years it is down 44.1%. The long-run trend across the full record is volatile.
- Where does this Ethiopia 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.