Short-term debt (% of exports of goods, services and primary income) by country
Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and...
Countries reporting
119
Highest
135.9%
Lebanon
Lowest
0.0%
Tonga
Median
13.3%
Years covered
55
1970–2024
Data points
5,838
What the numbers show
Short-term debt (% of exports of goods, services and primary income) is currently reported for 119 countries. The highest value is 135.9% in Lebanon; the lowest is 0.0% in Tonga.
The median across all reporting countries is 13.3%, and the mean is 17.8%.
Over the past decade 44 countries rose and 70 fell. The largest increase was in Uzbekistan (up 1,602.8%), and the largest decrease in Bhutan (down 100.0%).
Short-term debt: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Lebanon | 135.9% | 2023 | up 317.0% | volatile |
| 2 | Tunisia | 75.7% | 2024 | up 144.4% | volatile |
| 3 | Sudan | 75.4% | 2022 | down 30.3% | volatile |
| 4 | Dominica | 75.1% | 2024 | up 28.3% | volatile |
| 5 | Jordan | 72.1% | 2024 | up 8.6% | volatile |
| 6 | Senegal | 63.1% | 2023 | — | volatile |
| 7 | Mauritius | 57.1% | 2024 | up 53.7% | volatile |
| 8 | Zimbabwe | 48.0% | 2024 | down 26.4% | volatile |
| 9 | Argentina | 47.1% | 2024 | up 17.2% | falling |
| 10 | Türkiye | 46.4% | 2024 | down 19.9% | volatile |
| 11 | Egypt | 46.3% | 2024 | up 560.0% | volatile |
| 12 | Central African Republic | 39.3% | 1993 | up 326.4% | volatile |
| 13 | Nigeria | 36.2% | 2024 | up 146.8% | volatile |
| 14 | South Africa | 33.8% | 2024 | down 5.9% | rising |
| 15 | Republic of Moldova | 32.5% | 2024 | down 10.3% | volatile |
| 16 | Cape Verde | 32.1% | 2024 | down 3.3% | volatile |
| 17 | Fiji | 31.5% | 2024 | up 133.4% | volatile |
| 18 | Jamaica | 31.2% | 2024 | down 4.3% | volatile |
| 19 | China | 31.0% | 2024 | down 32.4% | rising |
| 20 | Kosovo | 29.7% | 2024 | down 9.8% | volatile |
| 20 | Kosovo (UNSCR 1244) | 29.7% | 2024 | down 9.8% | volatile |
| 22 | North Macedonia | 29.7% | 2024 | up 6.2% | rising |
| 23 | Sri Lanka | 28.7% | 2024 | down 33.9% | volatile |
| 24 | Ukraine | 27.7% | 2024 | down 13.5% | volatile |
| 25 | Benin | 26.7% | 2023 | down 30.2% | rising |
| 26 | Georgia | 26.1% | 2024 | down 2.0% | volatile |
| 27 | Yemen | 25.4% | 2016 | up 539.4% | volatile |
| 28 | Afghanistan | 25.3% | 2020 | up 562.6% | volatile |
| 29 | Bangladesh | 24.4% | 2024 | up 95.1% | volatile |
| 30 | Colombia | 24.2% | 2024 | up 38.5% | volatile |
| 31 | Pakistan | 23.3% | 2024 | up 31.8% | volatile |
| 32 | Bosnia and Herzegovina | 22.9% | 2024 | up 104.3% | volatile |
| 33 | El Salvador | 22.4% | 2024 | down 25.4% | volatile |
| 34 | Zambia | 21.7% | 2024 | up 194.3% | volatile |
| 35 | Indonesia | 20.9% | 2024 | down 8.8% | falling |
| 36 | Tanzania, United Republic of | 20.8% | 2024 | down 4.3% | volatile |
| 37 | Kazakhstan | 20.5% | 2024 | up 66.6% | rising |
| 38 | Brazil | 19.7% | 2024 | down 8.1% | falling |
| 39 | Paraguay | 19.6% | 2024 | up 61.4% | volatile |
| 40 | Belarus | 19.1% | 2024 | down 34.3% | rising |
| 41 | Côte d'Ivoire | 18.7% | 2024 | — | volatile |
| 42 | Kyrgyzstan | 18.6% | 2024 | up 97.3% | volatile |
| 43 | Thailand | 18.1% | 2024 | down 7.8% | falling |
| 44 | Uzbekistan | 17.9% | 2024 | up 1,602.8% | volatile |
| 45 | Honduras | 17.7% | 2024 | up 139.1% | volatile |
| 46 | Armenia | 17.7% | 2024 | down 11.9% | rising |
| 47 | Philippines | 17.0% | 2024 | down 12.1% | volatile |
| 48 | Samoa | 16.9% | 2024 | up 23.4% | volatile |
| 49 | India | 16.0% | 2024 | down 6.9% | volatile |
| 50 | Togo | 16.0% | 2020 | up 474.0% | volatile |
| 51 | Nicaragua | 15.8% | 2024 | down 43.6% | volatile |
| 52 | Angola | 15.5% | 2024 | up 24.0% | volatile |
| 53 | Saint Vincent and the Grenadines | 15.2% | 2024 | — | volatile |
| 54 | Bulgaria | 15.0% | 2022 | down 63.4% | volatile |
| 55 | Haiti | 14.4% | 2024 | up 68.4% | volatile |
| 56 | Mongolia | 13.9% | 2024 | down 64.1% | volatile |
| 57 | Dominican Republic | 13.8% | 2024 | down 2.8% | volatile |
| 58 | Chad | 13.5% | 1994 | up 485.2% | rising |
| 59 | Tajikistan | 13.3% | 2024 | down 63.6% | volatile |
| 60 | Cambodia | 13.3% | 2024 | up 50.5% | volatile |
| 61 | Mozambique | 12.4% | 2024 | up 6.3% | rising |
| 62 | Iran, Islamic Republic of | 12.2% | 2000 | down 65.9% | volatile |
| 63 | Peru | 11.7% | 2024 | down 22.8% | volatile |
| 64 | Rwanda | 11.6% | 2024 | up 524.9% | volatile |
| 65 | Albania | 11.4% | 2024 | down 74.6% | volatile |
| 66 | Eritrea | 11.2% | 2000 | — | volatile |
| 67 | Sierra Leone | 10.9% | 2024 | down 23.1% | volatile |
| 68 | Morocco | 10.9% | 2024 | down 47.5% | volatile |
| 69 | Cameroon | 10.8% | 2024 | up 433.9% | volatile |
| 70 | Lao People's Democratic Republic | 9.8% | 2024 | down 50.6% | volatile |
| 71 | Nepal | 9.8% | 2024 | down 17.8% | volatile |
| 72 | Russian Federation | 9.6% | 2022 | down 24.9% | falling |
| 73 | Kenya | 9.6% | 2024 | down 43.3% | falling |
| 74 | Djibouti | 9.4% | 2024 | up 338.8% | volatile |
| 75 | Ghana | 9.1% | 2024 | down 54.5% | falling |
| 76 | Vanuatu | 8.8% | 2022 | down 33.5% | volatile |
| 77 | Mexico | 8.7% | 2024 | down 53.1% | volatile |
| 78 | Viet Nam | 8.5% | 2024 | up 0.7% | volatile |
| 79 | Suriname | 8.0% | 2023 | down 64.6% | falling |
| 80 | Gambia | 6.7% | 2024 | up 32.7% | volatile |
| 81 | Bolivia, Plurinational State of | 6.2% | 2024 | up 200.6% | volatile |
| 82 | Sao Tome and Principe | 6.0% | 2024 | down 41.5% | volatile |
| 83 | Montenegro | 5.7% | 2024 | down 57.1% | volatile |
| 84 | Mauritania | 5.0% | 2024 | down 89.1% | volatile |
| 85 | Malawi | 4.9% | 2024 | up 272.0% | volatile |
| 86 | Uganda | 4.6% | 2024 | down 57.7% | volatile |
| 87 | Saint Lucia | 4.5% | 2024 | down 63.8% | volatile |
| 88 | Solomon Islands | 4.1% | 2024 | up 68.0% | volatile |
| 89 | Gabon | 3.8% | 2015 | down 12.0% | volatile |
| 90 | Congo | 3.7% | 2021 | up 188.9% | volatile |
| 91 | Guinea | 3.2% | 2024 | up 10.0% | volatile |
| 92 | Algeria | 3.1% | 2024 | up 6.6% | volatile |
| 93 | Maldives | 2.9% | 2024 | down 32.4% | volatile |
| 94 | Ethiopia | 2.6% | 2024 | down 42.3% | volatile |
| 95 | Eswatini | 2.6% | 2024 | up 69.2% | volatile |
| 96 | Botswana | 2.5% | 2024 | down 42.5% | volatile |
| 97 | Madagascar | 2.4% | 2024 | down 69.8% | volatile |
| 98 | Serbia | 2.0% | 2024 | down 23.8% | volatile |
| 99 | Grenada | 1.8% | 2024 | down 88.6% | volatile |
| 100 | Ecuador | 1.6% | 2024 | down 53.7% | volatile |
| 101 | Niger | 1.5% | 2024 | down 55.4% | volatile |
| 102 | Congo, Democratic Republic of the | 1.3% | 2024 | down 6.9% | volatile |
| 103 | Papua New Guinea | 0.9% | 2024 | down 89.9% | volatile |
| 104 | Guatemala | 0.8% | 2024 | down 88.6% | volatile |
| 105 | Belize | 0.8% | 2024 | up 57.6% | volatile |
| 106 | Burundi | 0.7% | 2024 | down 96.9% | volatile |
| 107 | Mali | 0.7% | 2024 | down 60.8% | volatile |
| 108 | Iraq | 0.6% | 2024 | down 51.4% | volatile |
| 109 | Azerbaijan | 0.6% | 2024 | down 89.9% | volatile |
| 110 | Guyana | 0.4% | 2023 | down 99.3% | volatile |
| 111 | Myanmar | 0.3% | 2019 | down 98.0% | volatile |
| 112 | Comoros | 0.3% | 2023 | down 93.7% | volatile |
| 113 | Guinea-Bissau | 0.2% | 2024 | down 96.9% | volatile |
| 114 | Lesotho | 0.2% | 2024 | up 1,201.2% | volatile |
| 115 | Timor-Leste | 0.1% | 2024 | down 95.3% | volatile |
| 116 | Burkina Faso | 0.0% | 2024 | — | volatile |
| 116 | Bhutan | 0.0% | 2024 | down 100.0% | volatile |
| 116 | Liberia | 0.0% | 2024 | down 100.0% | volatile |
| 116 | Tonga | 0.0% | 2024 | down 100.0% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Europe & Central Asia (excluding high income) 31.1%
- East Asia & Pacific (excluding high income) 27.2%
- East Asia & Pacific (IDA & IBRD countries) 27.2%
- Late-demographic dividend 25.8%
- Upper middle income 25.3%
- Pacific island small states 24.8%
- IBRD only 24.5%
- Middle income 24.3%
- IDA & IBRD total 24.1%
- Low & middle income 24.1%
- Africa Eastern and Southern 23.0%
- IDA blend 22.9%
- Sub-Saharan Africa (excluding high income) 22.0%
- Sub-Saharan Africa 22.0%
- Sub-Saharan Africa (IDA & IBRD countries) 22.0%
- Middle East, North Africa, Afghanistan & Pakistan (excluding high income) 21.2%
- Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) 21.2%
- Early-demographic dividend 20.6%
- Africa Western and Central 19.8%
- Europe & Central Asia (IDA & IBRD countries) 19.5%
- Lower middle income 18.8%
- IDA total 16.8%
- South Asia 16.6%
- South Asia (IDA & IBRD) 16.6%
- Latin America & Caribbean (excluding high income) 15.4%
- Latin America & Caribbean 15.4%
- Latin America & the Caribbean (IDA & IBRD countries) 15.4%
- IDA only 13.0%
- Least developed countries 12.1%
- Pre-demographic dividend 11.5%
- Heavily indebted poor countries (HIPC) 9.4%
- Low income 3.5%
About this data
Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.