External debt stocks in Upper middle income
Upper middle income: External debt stocks was 21.3% in 2024. ▲ Rising
External debt stocks in Upper middle income, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for external debt stocks in Upper middle income is 21.3%, measured in 2024.
That represents a change of down 3.0% on the previous year and down 12.1% over ten years.
Over the whole period, external debt stocks in Upper middle income peaked at 34.7% in 1999 and was at its lowest, 11.5%, in 1970.
The long-run direction has been consistently rising across the 55 years of available data.
External debt stocks in Upper middle income, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 11.5% | — |
| 1971 | 12.3% | +7.0% |
| 1972 | 12.9% | +5.1% |
| 1973 | 12.1% | -6.3% |
| 1974 | 12.0% | -1.2% |
| 1975 | 13.1% | +9.2% |
| 1976 | 14.9% | +13.7% |
| 1977 | 17.5% | +17.6% |
| 1978 | 19.5% | +11.6% |
| 1979 | 19.8% | +1.4% |
| 1980 | 21.0% | +6.1% |
| 1981 | 22.6% | +7.8% |
| 1982 | 26.2% | +15.7% |
| 1983 | 28.4% | +8.6% |
| 1984 | 27.8% | -2.1% |
| 1985 | 29.0% | +4.3% |
| 1986 | 30.6% | +5.5% |
| 1987 | 34.7% | +13.4% |
| 1988 | 31.9% | -8.1% |
| 1989 | 28.9% | -9.2% |
| 1990 | 27.5% | -5.0% |
| 1991 | 30.2% | +10.0% |
| 1992 | 30.2% | -0.3% |
| 1993 | 30.8% | +2.1% |
| 1994 | 30.9% | +0.3% |
| 1995 | 31.7% | +2.8% |
| 1996 | 30.2% | -4.8% |
| 1997 | 29.8% | -1.3% |
| 1998 | 32.7% | +9.7% |
| 1999 | 34.7% | +6.1% |
| 2000 | 31.2% | -10.1% |
| 2001 | 32.0% | +2.6% |
| 2002 | 32.1% | +0.3% |
| 2003 | 31.0% | -3.4% |
| 2004 | 28.9% | -7.0% |
| 2005 | 24.3% | -15.7% |
| 2006 | 22.4% | -8.2% |
| 2007 | 21.2% | -5.3% |
| 2008 | 18.4% | -13.0% |
| 2009 | 20.0% | +8.5% |
| 2010 | 20.6% | +3.2% |
| 2011 | 20.3% | -1.5% |
| 2012 | 21.1% | +3.8% |
| 2013 | 22.9% | +8.5% |
| 2014 | 24.2% | +5.9% |
| 2015 | 22.6% | -6.7% |
| 2016 | 23.4% | +3.4% |
| 2017 | 23.9% | +2.1% |
| 2018 | 24.1% | +0.9% |
| 2019 | 24.7% | +2.3% |
| 2020 | 26.6% | +8.0% |
| 2021 | 24.0% | -9.7% |
| 2022 | 22.5% | -6.5% |
| 2023 | 22.0% | -2.4% |
| 2024 | 21.3% | -3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.6% | 11.5% | 19.8% | 10 |
| 1980s | 28.1% | 21.0% | 34.7% | 10 |
| 1990s | 30.9% | 27.5% | 34.7% | 10 |
| 2000s | 26.2% | 18.4% | 32.1% | 10 |
| 2010s | 22.8% | 20.3% | 24.7% | 10 |
| 2020s | 23.3% | 21.3% | 26.6% | 5 |
Countries ranked near Upper middle income
More economy & growth data for Upper middle income
- Exports of goods and services 8.68 trillion current US$ (2025)
- Final consumption expenditure 20.74 trillion current US$ (2024)
- Final consumption expenditure 20.18 trillion constant 2015 US$ (2025)
- Final consumption expenditure 3.9% (2025)
- Gross national expenditure 31.54 trillion current US$ (2024)
- Gross national expenditure 30.33 trillion constant 2015 US$ (2025)
- GDP growth 4.2% (2025)
- Gross fixed capital formation 32.7% (2024)
- Gross fixed capital formation 10.46 trillion current US$ (2024)
- Households and NPISHs final consumption expenditure 48.8% (2024)
Frequently asked questions
- What is external debt stocks in Upper middle income?
- External debt stocks in Upper middle income was 21.3% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks recorded in Upper middle income?
- The highest recorded value was 34.7% in 1999.
- What is the lowest external debt stocks recorded in Upper middle income?
- The lowest recorded value was 11.5% in 1970.
- How does Upper middle income rank for external debt stocks?
- Upper middle income ranks 10th out of 12 groups with data for 2024.
- Is external debt stocks rising or falling in Upper middle income?
- Over the last ten years it is down 12.1%. 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 External debt stocks (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Total external debt stocks to gross national income. 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. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.