Short-term debt in Upper middle income
Upper middle income: Short-term debt was 31.3% in 2024. ▲ Rising
Short-term debt in Upper middle income, 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 Upper middle income is 31.3%, measured in 2024.
The figure is up 1.6% on the previous year and down 15.5% over ten years.
Over the whole period, short-term debt in Upper middle income peaked at 37.3% in 2013 and was at its lowest, 11.1%, in 1987.
The long-run direction has been consistently rising across the 55 years of available data.
Short-term debt in Upper middle income, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1970 | 14.0% | — |
| 1971 | 13.9% | -1.1% |
| 1972 | 13.6% | -2.1% |
| 1973 | 13.2% | -2.6% |
| 1974 | 13.2% | -0.6% |
| 1975 | 13.0% | -1.6% |
| 1976 | 12.9% | -0.2% |
| 1977 | 19.8% | +53.4% |
| 1978 | 18.3% | -7.9% |
| 1979 | 17.9% | -2.2% |
| 1980 | 21.0% | +17.4% |
| 1981 | 22.3% | +6.2% |
| 1982 | 23.7% | +6.3% |
| 1983 | 15.5% | -34.6% |
| 1984 | 14.0% | -9.3% |
| 1985 | 12.5% | -11.2% |
| 1986 | 11.4% | -8.4% |
| 1987 | 11.1% | -2.6% |
| 1988 | 12.0% | +8.0% |
| 1989 | 14.0% | +17.0% |
| 1990 | 17.6% | +25.3% |
| 1991 | 19.7% | +12.2% |
| 1992 | 21.6% | +9.3% |
| 1993 | 23.6% | +9.3% |
| 1994 | 21.5% | -8.9% |
| 1995 | 22.6% | +5.2% |
| 1996 | 22.5% | -0.4% |
| 1997 | 21.8% | -3.0% |
| 1998 | 17.1% | -21.6% |
| 1999 | 15.4% | -9.9% |
| 2000 | 15.0% | -2.9% |
| 2001 | 16.0% | +7.2% |
| 2002 | 16.2% | +1.1% |
| 2003 | 18.5% | +14.2% |
| 2004 | 20.4% | +10.0% |
| 2005 | 23.8% | +16.8% |
| 2006 | 24.3% | +2.2% |
| 2007 | 24.5% | +0.5% |
| 2008 | 22.3% | -8.8% |
| 2009 | 23.6% | +6.0% |
| 2010 | 32.5% | +37.6% |
| 2011 | 35.4% | +8.8% |
| 2012 | 33.8% | -4.4% |
| 2013 | 37.3% | +10.2% |
| 2014 | 37.1% | -0.5% |
| 2015 | 30.1% | -18.8% |
| 2016 | 27.7% | -7.9% |
| 2017 | 30.3% | +9.3% |
| 2018 | 32.1% | +5.9% |
| 2019 | 30.7% | -4.4% |
| 2020 | 29.5% | -4.0% |
| 2021 | 29.8% | +0.9% |
| 2022 | 29.8% | +0.0% |
| 2023 | 30.9% | +3.7% |
| 2024 | 31.3% | +1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.0% | 12.9% | 19.8% | 10 |
| 1980s | 15.7% | 11.1% | 23.7% | 10 |
| 1990s | 20.3% | 15.4% | 23.6% | 10 |
| 2000s | 20.5% | 15.0% | 24.5% | 10 |
| 2010s | 32.7% | 27.7% | 37.3% | 10 |
| 2020s | 30.2% | 29.5% | 31.3% | 5 |
Countries ranked near Upper middle income
More external debt data for Upper middle income
- IFC, private nonguaranteed 2.29 billion NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0.7477 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0001 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 82.27 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 1.1% (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0001 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IDA 4.40 billion NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 1.43 NFL, current US$ per person (2024)
- Net financial flows, IBRD 8.40 billion NFL, current US$ (2024)
- Public and publicly guaranteed debt service 4.2% (2024)
Frequently asked questions
- What is short-term debt in Upper middle income?
- Short-term debt in Upper middle income was 31.3% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Upper middle income?
- The highest recorded value was 37.3% in 2013.
- What is the lowest short-term debt recorded in Upper middle income?
- The lowest recorded value was 11.1% in 1987.
- How does Upper middle income rank for short-term debt?
- Upper middle income ranks 2nd out of 12 groups with data for 2024.
- Is short-term debt rising or falling in Upper middle income?
- Over the last ten years it is down 15.5%. The long-run trend across the full record is rising.
- Where does this Upper 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.