Short-term debt in Thailand
Thailand: Short-term debt was 36.2% in 2024. ▲ Rising
Short-term debt in Thailand, 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 Thailand is 36.2%, measured in 2024.
Compared with earlier readings it is up 2.3% on the previous year and down 5.2% over ten years.
Over the whole period, short-term debt in Thailand peaked at 47.3% in 2010 and was at its lowest, 13.1%, in 1987.
That places Thailand 6th out of 121 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 55 years of available data.
Short-term debt in Thailand, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1970 | 27.5% | — |
| 1971 | 27.5% | +0.1% |
| 1972 | 27.5% | -0.1% |
| 1973 | 27.5% | +0.2% |
| 1974 | 27.5% | -0.2% |
| 1975 | 27.5% | +0.1% |
| 1976 | 27.5% | +0.1% |
| 1977 | 37.8% | +37.3% |
| 1978 | 41.6% | +10.2% |
| 1979 | 35.2% | -15.4% |
| 1980 | 27.8% | -21.2% |
| 1981 | 26.5% | -4.5% |
| 1982 | 24.8% | -6.3% |
| 1983 | 23.8% | -4.3% |
| 1984 | 23.7% | -0.5% |
| 1985 | 18.2% | -22.9% |
| 1986 | 15.3% | -16.0% |
| 1987 | 13.1% | -14.7% |
| 1988 | 22.1% | +68.8% |
| 1989 | 26.0% | +17.7% |
| 1990 | 29.5% | +13.8% |
| 1991 | 33.1% | +11.9% |
| 1992 | 35.2% | +6.4% |
| 1993 | 42.9% | +22.1% |
| 1994 | 44.5% | +3.6% |
| 1995 | 44.1% | -1.0% |
| 1996 | 42.3% | -4.0% |
| 1997 | 34.5% | -18.4% |
| 1998 | 28.3% | -18.0% |
| 1999 | 24.2% | -14.5% |
| 2000 | 18.6% | -22.9% |
| 2001 | 19.6% | +5.4% |
| 2002 | 18.9% | -3.6% |
| 2003 | 18.7% | -1.1% |
| 2004 | 19.7% | +4.9% |
| 2005 | 27.4% | +39.1% |
| 2006 | 28.4% | +3.8% |
| 2007 | 29.0% | +2.0% |
| 2008 | 30.7% | +5.9% |
| 2009 | 41.1% | +34.1% |
| 2010 | 47.3% | +14.9% |
| 2011 | 40.2% | -15.0% |
| 2012 | 38.5% | -4.2% |
| 2013 | 40.2% | +4.5% |
| 2014 | 38.1% | -5.2% |
| 2015 | 35.1% | -7.9% |
| 2016 | 35.1% | -0.1% |
| 2017 | 38.6% | +10.1% |
| 2018 | 31.3% | -18.9% |
| 2019 | 30.1% | -3.8% |
| 2020 | 34.6% | +15.0% |
| 2021 | 31.9% | -7.9% |
| 2022 | 34.0% | +6.5% |
| 2023 | 35.4% | +4.1% |
| 2024 | 36.2% | +2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 30.7% | 27.5% | 41.6% | 10 |
| 1980s | 22.1% | 13.1% | 27.8% | 10 |
| 1990s | 35.8% | 24.2% | 44.5% | 10 |
| 2000s | 25.2% | 18.6% | 41.1% | 10 |
| 2010s | 37.5% | 30.1% | 47.3% | 10 |
| 2020s | 34.4% | 31.9% | 36.2% | 5 |
Countries ranked near Thailand
More external debt data for Thailand
- IFC, private nonguaranteed 344.75 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 4.81 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0007 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 871.58 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 0.7% (2024)
- Net financial flows, IDA -55.73 million NFL, current US$ (2011)
- Net financial flows, IDA (NFL, current US$), per capita -0.8077 NFL, current US$ per person (2011)
- Net financial flows, IDA (NFL, current US$), per unit of GDP -0.0002 NFL, current US$ per US$ of GDP (2011)
- Net financial flows, IBRD -83.40 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 0.9% (2024)
Frequently asked questions
- What is short-term debt in Thailand?
- Short-term debt in Thailand was 36.2% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Thailand?
- The highest recorded value was 47.3% in 2010.
- What is the lowest short-term debt recorded in Thailand?
- The lowest recorded value was 13.1% in 1987.
- How does Thailand rank for short-term debt?
- Thailand ranks 6th out of 121 countries with data for 2024.
- Is short-term debt rising or falling in Thailand?
- Over the last ten years it is down 5.2%. The long-run trend across the full record is rising.
- Where does this Thailand 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.