Short-term debt in Low & middle income
Low & middle income: Short-term debt was 26.8% in 2024. ▲ Rising
Short-term debt in Low & middle income, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
Low & middle income recorded 26.8% for short-term debt in 2024.
That represents a change of up 1.4% on the previous year and down 16.8% over ten years.
Over the whole period, short-term debt in Low & middle income peaked at 32.6% in 2013 and was at its lowest, 10.7%, in 1987.
The long-run direction has been consistently rising across the 55 years of available data.
Short-term debt in Low & middle income, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1970 | 12.0% | — |
| 1971 | 11.9% | -1.1% |
| 1972 | 11.9% | +0.4% |
| 1973 | 11.9% | +0.0% |
| 1974 | 11.9% | -0.2% |
| 1975 | 12.0% | +0.7% |
| 1976 | 12.3% | +2.3% |
| 1977 | 19.0% | +54.6% |
| 1978 | 17.8% | -6.1% |
| 1979 | 17.5% | -1.8% |
| 1980 | 19.7% | +12.6% |
| 1981 | 20.5% | +3.9% |
| 1982 | 21.1% | +2.8% |
| 1983 | 15.5% | -26.4% |
| 1984 | 14.9% | -4.0% |
| 1985 | 13.6% | -8.3% |
| 1986 | 11.6% | -15.2% |
| 1987 | 10.7% | -7.2% |
| 1988 | 11.3% | +5.3% |
| 1989 | 12.6% | +11.4% |
| 1990 | 14.8% | +17.4% |
| 1991 | 15.9% | +7.9% |
| 1992 | 17.4% | +9.1% |
| 1993 | 18.5% | +6.3% |
| 1994 | 17.2% | -6.7% |
| 1995 | 18.6% | +7.9% |
| 1996 | 19.1% | +2.5% |
| 1997 | 18.8% | -1.2% |
| 1998 | 15.2% | -19.2% |
| 1999 | 14.0% | -7.8% |
| 2000 | 13.4% | -4.3% |
| 2001 | 14.2% | +6.0% |
| 2002 | 14.1% | -1.3% |
| 2003 | 15.5% | +10.4% |
| 2004 | 17.1% | +10.0% |
| 2005 | 20.0% | +17.0% |
| 2006 | 21.6% | +7.9% |
| 2007 | 22.2% | +2.8% |
| 2008 | 20.4% | -7.9% |
| 2009 | 20.9% | +2.5% |
| 2010 | 28.3% | +35.4% |
| 2011 | 31.0% | +9.4% |
| 2012 | 30.1% | -2.9% |
| 2013 | 32.6% | +8.2% |
| 2014 | 32.2% | -1.1% |
| 2015 | 26.0% | -19.2% |
| 2016 | 24.3% | -6.6% |
| 2017 | 26.4% | +8.5% |
| 2018 | 27.6% | +4.6% |
| 2019 | 26.5% | -3.9% |
| 2020 | 25.3% | -4.6% |
| 2021 | 25.7% | +1.6% |
| 2022 | 26.0% | +1.3% |
| 2023 | 26.4% | +1.6% |
| 2024 | 26.8% | +1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.8% | 11.9% | 19.0% | 10 |
| 1980s | 15.1% | 10.7% | 21.1% | 10 |
| 1990s | 17.0% | 14.0% | 19.1% | 10 |
| 2000s | 17.9% | 13.4% | 22.2% | 10 |
| 2010s | 28.5% | 24.3% | 32.6% | 10 |
| 2020s | 26.0% | 25.3% | 26.8% | 5 |
Countries ranked near Low & middle income
More external debt data for Low & middle income
- IFC, private nonguaranteed 5.69 billion NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0001 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0.8459 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 60.68 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 1.2% (2024)
- Net financial flows, IDA (NFL, current US$), per capita 2.56 NFL, current US$ per person (2024)
- Net financial flows, IDA 17.24 billion NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0004 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 18.72 billion NFL, current US$ (2024)
- Public and publicly guaranteed debt service 4.7% (2024)
Frequently asked questions
- What is short-term debt in Low & middle income?
- Short-term debt in Low & middle income was 26.8% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Low & middle income?
- The highest recorded value was 32.6% in 2013.
- What is the lowest short-term debt recorded in Low & middle income?
- The lowest recorded value was 10.7% in 1987.
- How does Low & middle income rank for short-term debt?
- Low & middle income ranks 4th out of 12 groups with data for 2024.
- Is short-term debt rising or falling in Low & middle income?
- Over the last ten years it is down 16.8%. The long-run trend across the full record is rising.
- Where does this Low & middle 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.
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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.