Short-term debt in Congo
Congo: Short-term debt was 3.7% in 2021. ◆ Volatile
Short-term debt in Congo, 1978–2021
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
The most recent figure for short-term debt in Congo is 3.7%, measured in 2021.
The figure is down 38.5% on the previous year and up 188.9% over ten years.
Over the whole period, short-term debt in Congo peaked at 89.5% in 1986 and was at its lowest, 1.3%, in 2011.
Congo ranks 90th of 119 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt in Congo, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1978 | 32.0% | — |
| 1979 | 33.7% | +5.4% |
| 1980 | 24.0% | -28.9% |
| 1981 | 9.9% | -58.6% |
| 1982 | 15.4% | +55.6% |
| 1983 | 14.8% | -3.9% |
| 1984 | 14.3% | -3.5% |
| 1985 | 55.3% | +285.7% |
| 1986 | 89.5% | +61.9% |
| 1987 | 89.3% | -0.2% |
| 1988 | 62.1% | -30.5% |
| 1989 | 60.2% | -3.0% |
| 1990 | 48.7% | -19.1% |
| 1991 | 63.3% | +29.9% |
| 1992 | 69.7% | +10.2% |
| 1993 | 79.9% | +14.6% |
| 1994 | 58.5% | -26.7% |
| 1995 | 73.1% | +24.8% |
| 1996 | 29.4% | -59.8% |
| 1997 | 41.4% | +41.1% |
| 1998 | 55.5% | +34.0% |
| 1999 | 61.3% | +10.4% |
| 2000 | 33.0% | -46.2% |
| 2001 | 50.6% | +53.4% |
| 2002 | 39.4% | -22.2% |
| 2003 | 36.8% | -6.5% |
| 2004 | 26.0% | -29.3% |
| 2005 | 15.8% | -39.3% |
| 2006 | 12.8% | -19.0% |
| 2007 | 5.5% | -57.0% |
| 2008 | 2.8% | -49.0% |
| 2009 | 4.1% | +44.2% |
| 2010 | 2.2% | -46.3% |
| 2011 | 1.3% | -41.0% |
| 2012 | 1.9% | +45.7% |
| 2013 | 2.4% | +28.1% |
| 2014 | 2.2% | -8.1% |
| 2015 | 8.7% | +296.5% |
| 2016 | 4.1% | -53.2% |
| 2019 | 3.0% | -27.8% |
| 2020 | 6.0% | +104.7% |
| 2021 | 3.7% | -38.5% |
Congo compared with similar countries
- Congo's 3.7% is below the median for lower middle income countries, which is 13.3%, 28% of the median. (43 countries reporting)
- Congo's 3.7% is below the median for Sub-Saharan Africa, which is 9.1%, 41% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 32.9% | 32.0% | 33.7% | 2 |
| 1980s | 43.5% | 9.9% | 89.5% | 10 |
| 1990s | 58.1% | 29.4% | 79.9% | 10 |
| 2000s | 22.7% | 2.8% | 50.6% | 10 |
| 2010s | 3.2% | 1.3% | 8.7% | 8 |
| 2020s | 4.9% | 3.7% | 6.0% | 2 |
Countries ranked near Congo
More economy & growth data for Congo
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.79 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.01 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 25.39 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0016 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 4.01 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 603.62 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -3.65 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0384 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 95.31 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 6.03 % change on previous year (2024)
Frequently asked questions
- What is short-term debt in Congo?
- Short-term debt in Congo was 3.7% in 2021, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Congo?
- The highest recorded value was 89.5% in 1986.
- What is the lowest short-term debt recorded in Congo?
- The lowest recorded value was 1.3% in 2011.
- How does Congo rank for short-term debt?
- Congo ranks 90th out of 119 countries with data for 2021.
- Is short-term debt rising or falling in Congo?
- Over the last ten years it is up 188.9%. The long-run trend across the full record is volatile.
- Where does this Congo data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Short-term debt (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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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.