Short-term debt in Lower middle income
Lower middle income: Short-term debt was 16.7% in 2024. ▲ Rising
Short-term debt in Lower middle income, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
Lower middle income recorded 16.7% for short-term debt in 2024.
The figure is up 2.8% on the previous year and up 1.3% over ten years.
Over the whole period, short-term debt in Lower middle income peaked at 19.2% in 2012 and was at its lowest, 8.0%, in 2003.
The long-run direction has been consistently rising across the 55 years of available data.
Short-term debt in Lower middle income, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1970 | 9.6% | — |
| 1971 | 9.5% | -1.2% |
| 1972 | 9.8% | +3.3% |
| 1973 | 10.3% | +4.8% |
| 1974 | 10.2% | -0.5% |
| 1975 | 10.8% | +5.5% |
| 1976 | 11.5% | +6.3% |
| 1977 | 18.4% | +59.9% |
| 1978 | 17.7% | -3.6% |
| 1979 | 17.7% | -0.1% |
| 1980 | 18.6% | +5.3% |
| 1981 | 18.7% | +0.2% |
| 1982 | 17.8% | -4.4% |
| 1983 | 17.1% | -4.0% |
| 1984 | 17.7% | +3.1% |
| 1985 | 16.9% | -4.6% |
| 1986 | 12.5% | -26.1% |
| 1987 | 10.6% | -15.3% |
| 1988 | 10.4% | -1.4% |
| 1989 | 10.5% | +1.3% |
| 1990 | 10.7% | +1.8% |
| 1991 | 10.2% | -5.4% |
| 1992 | 10.5% | +3.8% |
| 1993 | 9.3% | -11.4% |
| 1994 | 8.9% | -4.7% |
| 1995 | 9.7% | +8.5% |
| 1996 | 11.0% | +14.0% |
| 1997 | 11.3% | +2.5% |
| 1998 | 9.3% | -17.5% |
| 1999 | 9.2% | -1.7% |
| 2000 | 8.2% | -10.7% |
| 2001 | 8.4% | +2.2% |
| 2002 | 8.2% | -2.0% |
| 2003 | 8.0% | -2.7% |
| 2004 | 8.4% | +4.7% |
| 2005 | 9.6% | +15.2% |
| 2006 | 13.3% | +38.4% |
| 2007 | 15.3% | +14.9% |
| 2008 | 15.1% | -1.5% |
| 2009 | 13.6% | -9.5% |
| 2010 | 15.8% | +16.2% |
| 2011 | 17.5% | +10.2% |
| 2012 | 19.2% | +10.2% |
| 2013 | 18.1% | -5.9% |
| 2014 | 16.5% | -8.8% |
| 2015 | 15.0% | -9.1% |
| 2016 | 15.2% | +1.3% |
| 2017 | 15.9% | +4.5% |
| 2018 | 15.0% | -5.8% |
| 2019 | 15.3% | +2.0% |
| 2020 | 14.5% | -5.4% |
| 2021 | 15.4% | +6.7% |
| 2022 | 17.3% | +12.3% |
| 2023 | 16.3% | -6.0% |
| 2024 | 16.7% | +2.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.6% | 9.5% | 18.4% | 10 |
| 1980s | 15.1% | 10.4% | 18.7% | 10 |
| 1990s | 10.0% | 8.9% | 11.3% | 10 |
| 2000s | 10.8% | 8.0% | 15.3% | 10 |
| 2010s | 16.4% | 15.0% | 19.2% | 10 |
| 2020s | 16.0% | 14.5% | 17.3% | 5 |
Countries ranked near Lower middle income
More external debt data for Lower middle income
- IFC, private nonguaranteed 3.01 billion NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0004 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 1.04 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 48.04 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 1.9% (2024)
- Net financial flows, IDA (NFL, current US$), per capita 3.1 NFL, current US$ per person (2024)
- Net financial flows, IDA 9.00 billion NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0013 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 10.32 billion NFL, current US$ (2024)
- Public and publicly guaranteed debt service 7.8% (2024)
Frequently asked questions
- What is short-term debt in Lower middle income?
- Short-term debt in Lower middle income was 16.7% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Lower middle income?
- The highest recorded value was 19.2% in 2012.
- What is the lowest short-term debt recorded in Lower middle income?
- The lowest recorded value was 8.0% in 2003.
- How does Lower middle income rank for short-term debt?
- Lower middle income ranks 8th out of 12 groups with data for 2024.
- Is short-term debt rising or falling in Lower middle income?
- Over the last ten years it is up 1.3%. The long-run trend across the full record is rising.
- Where does this Lower 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.
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.