Short-term debt (% of total external debt) in Mexico
Mexico: Short-term debt (% of total external debt) was 10.3% in 2024. ▼ Falling
Short-term debt in Mexico, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
The most recent figure for short-term debt in Mexico is 10.3%, measured in 2024.
The figure is up 2.4% on the previous year and down 30.9% over ten years.
Over the whole period, short-term debt in Mexico peaked at 31.9% in 1981 and was at its lowest, 5.3%, in 1987.
That places Mexico 55th out of 122 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 55 years of available data.
Short-term debt (% of total external debt) in Mexico, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1970 | 14.1% | — |
| 1971 | 14.1% | +0.1% |
| 1972 | 14.1% | +0.1% |
| 1973 | 14.2% | +0.2% |
| 1974 | 14.2% | +0.5% |
| 1975 | 14.3% | +0.1% |
| 1976 | 14.3% | +0.1% |
| 1977 | 17.4% | +21.7% |
| 1978 | 13.8% | -20.7% |
| 1979 | 18.7% | +35.5% |
| 1980 | 28.1% | +50.4% |
| 1981 | 31.9% | +13.5% |
| 1982 | 30.4% | -4.7% |
| 1983 | 10.9% | -64.1% |
| 1984 | 6.8% | -37.7% |
| 1985 | 5.6% | -17.3% |
| 1986 | 5.8% | +4.0% |
| 1987 | 5.3% | -9.4% |
| 1988 | 7.9% | +49.9% |
| 1989 | 9.2% | +16.2% |
| 1990 | 15.4% | +66.9% |
| 1991 | 19.1% | +24.5% |
| 1992 | 21.8% | +14.0% |
| 1993 | 27.5% | +26.0% |
| 1994 | 28.1% | +2.2% |
| 1995 | 22.4% | -20.4% |
| 1996 | 18.9% | -15.4% |
| 1997 | 18.7% | -1.1% |
| 1998 | 15.4% | -17.8% |
| 1999 | 12.9% | -15.8% |
| 2000 | 10.6% | -17.9% |
| 2001 | 7.2% | -32.4% |
| 2002 | 12.4% | +72.0% |
| 2003 | 11.5% | -7.1% |
| 2004 | 9.7% | -15.8% |
| 2005 | 10.2% | +5.2% |
| 2006 | 11.8% | +16.4% |
| 2007 | 10.9% | -7.8% |
| 2008 | 9.7% | -10.8% |
| 2009 | 10.2% | +4.7% |
| 2010 | 13.8% | +35.2% |
| 2011 | 14.9% | +8.1% |
| 2012 | 17.5% | +17.6% |
| 2013 | 18.4% | +4.6% |
| 2014 | 15.0% | -18.4% |
| 2015 | 12.0% | -19.6% |
| 2016 | 8.6% | -28.3% |
| 2017 | 7.6% | -12.1% |
| 2018 | 9.3% | +22.9% |
| 2019 | 9.0% | -3.7% |
| 2020 | 7.5% | -16.3% |
| 2021 | 7.8% | +4.0% |
| 2022 | 9.3% | +19.5% |
| 2023 | 10.1% | +8.1% |
| 2024 | 10.3% | +2.4% |
Mexico compared with similar countries
- Mexico's 10.3% is below the median for upper middle income countries, which is 11.8%, 88% of the median. (52 countries reporting)
- Mexico's 10.3% is above the median for Latin America & Caribbean, which is 9.1%, 1.1× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.9% | 13.8% | 18.7% | 10 |
| 1980s | 14.2% | 5.3% | 31.9% | 10 |
| 1990s | 20.0% | 12.9% | 28.1% | 10 |
| 2000s | 10.4% | 7.2% | 12.4% | 10 |
| 2010s | 12.6% | 7.6% | 18.4% | 10 |
| 2020s | 9.0% | 7.5% | 10.3% | 5 |
Countries ranked near Mexico
More external debt data for Mexico
- IFC, private nonguaranteed 47.84 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0.3656 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 12.2 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 2.2% (2024)
- Net financial flows, IBRD -53.70 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 5.5% (2024)
- Net financial flows, IBRD (NFL, current US$), annual growth rate 95.58 % change on previous year (2024)
- Other investment, Debt instruments 158.54 billion US dollar (2025)
- Use of IMF credit 14.86 billion DOD, current US$ (2024)
Frequently asked questions
- What is short-term debt in Mexico?
- Short-term debt in Mexico was 10.3% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Mexico?
- The highest recorded value was 31.9% in 1981.
- What is the lowest short-term debt recorded in Mexico?
- The lowest recorded value was 5.3% in 1987.
- How does Mexico rank for short-term debt?
- Mexico ranks 55th out of 122 countries with data for 2024.
- Is short-term debt rising or falling in Mexico?
- Over the last ten years it is down 30.9%. The long-run trend across the full record is falling.
- Where does this Mexico 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.