Short-term debt in Europe & Central Asia (excluding high income)
Europe & Central Asia (excluding high income): Short-term debt was 21.8% in 2024. ▲ Rising
Short-term debt in Europe & Central Asia (excluding high income), 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
In 2024, short-term debt in Europe & Central Asia (excluding high income) stood at 21.8%.
That represents a change of down 2.7% on the previous year and down 4.4% over ten years.
Over the whole period, short-term debt in Europe & Central Asia (excluding high income) peaked at 32.4% in 1977 and was at its lowest, 8.4%, in 1983.
The long-run direction has been consistently rising across the 55 years of available data.
Short-term debt in Europe & Central Asia (excluding high income), year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1970 | 19.5% | — |
| 1971 | 19.0% | -2.4% |
| 1972 | 18.3% | -3.9% |
| 1973 | 18.1% | -0.8% |
| 1974 | 17.8% | -1.6% |
| 1975 | 17.5% | -1.9% |
| 1976 | 17.2% | -1.5% |
| 1977 | 32.4% | +88.0% |
| 1978 | 30.5% | -5.9% |
| 1979 | 17.0% | -44.4% |
| 1980 | 12.3% | -27.3% |
| 1981 | 11.8% | -4.6% |
| 1982 | 9.0% | -23.2% |
| 1983 | 8.4% | -7.0% |
| 1984 | 10.2% | +21.5% |
| 1985 | 12.0% | +17.2% |
| 1986 | 14.2% | +18.5% |
| 1987 | 14.1% | -0.7% |
| 1988 | 12.1% | -13.8% |
| 1989 | 10.9% | -10.2% |
| 1990 | 15.3% | +40.5% |
| 1991 | 14.5% | -5.3% |
| 1992 | 19.3% | +32.8% |
| 1993 | 22.7% | +18.1% |
| 1994 | 16.3% | -28.3% |
| 1995 | 18.0% | +10.3% |
| 1996 | 18.6% | +3.4% |
| 1997 | 20.0% | +7.7% |
| 1998 | 19.3% | -3.5% |
| 1999 | 19.4% | +0.6% |
| 2000 | 20.9% | +7.6% |
| 2001 | 18.4% | -12.2% |
| 2002 | 16.6% | -9.6% |
| 2003 | 18.9% | +14.1% |
| 2004 | 21.1% | +11.4% |
| 2005 | 23.6% | +11.8% |
| 2006 | 21.8% | -7.5% |
| 2007 | 19.7% | -9.8% |
| 2008 | 17.8% | -9.7% |
| 2009 | 17.0% | -4.2% |
| 2010 | 22.0% | +29.3% |
| 2011 | 22.3% | +1.3% |
| 2012 | 23.3% | +4.7% |
| 2013 | 24.3% | +4.1% |
| 2014 | 22.8% | -6.0% |
| 2015 | 18.1% | -20.6% |
| 2016 | 16.3% | -10.0% |
| 2017 | 17.6% | +7.7% |
| 2018 | 16.3% | -7.5% |
| 2019 | 16.8% | +3.2% |
| 2020 | 17.8% | +6.1% |
| 2021 | 18.4% | +3.1% |
| 2022 | 21.1% | +14.9% |
| 2023 | 22.4% | +6.3% |
| 2024 | 21.8% | -2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 20.7% | 17.0% | 32.4% | 10 |
| 1980s | 11.5% | 8.4% | 14.2% | 10 |
| 1990s | 18.3% | 14.5% | 22.7% | 10 |
| 2000s | 19.6% | 16.6% | 23.6% | 10 |
| 2010s | 20.0% | 16.3% | 24.3% | 10 |
| 2020s | 20.3% | 17.8% | 22.4% | 5 |
Countries ranked near Europe & Central Asia (excluding high income)
More external debt data for Europe & Central Asia (excluding high income)
- IFC, private nonguaranteed 843.50 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0003 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 3.37 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 170.41 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 2.5% (2024)
- Net financial flows, IDA 5.20 billion NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 20.79 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0021 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 5.92 billion NFL, current US$ (2024)
- Public and publicly guaranteed debt service 7.2% (2024)
All data for Europe & Central Asia (excluding high income) →
Frequently asked questions
- What is short-term debt in Europe & Central Asia (excluding high income)?
- Short-term debt in Europe & Central Asia (excluding high income) was 21.8% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Europe & Central Asia (excluding high income)?
- The highest recorded value was 32.4% in 1977.
- What is the lowest short-term debt recorded in Europe & Central Asia (excluding high income)?
- The lowest recorded value was 8.4% in 1983.
- How does Europe & Central Asia (excluding high income) rank for short-term debt?
- Europe & Central Asia (excluding high income) ranks 5th out of 12 groups with data for 2024.
- Is short-term debt rising or falling in Europe & Central Asia (excluding high income)?
- Over the last ten years it is down 4.4%. The long-run trend across the full record is rising.
- Where does this Europe & Central Asia (excluding high income) 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.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.