Short-term debt in Ethiopia
Ethiopia: Short-term debt was 2.6% in 2024. ◆ Volatile
Short-term debt in Ethiopia, 1977–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
Ethiopia recorded 2.6% for short-term debt in 2024.
That represents a change of up 42.5% on the previous year and down 42.3% over ten years.
Over the whole period, short-term debt in Ethiopia peaked at 73.3% in 1993 and was at its lowest, 0.6%, in 2012.
That places Ethiopia 94th out of 119 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt in Ethiopia, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1977 | 12.2% | — |
| 1978 | 12.9% | +5.8% |
| 1979 | 12.0% | -7.0% |
| 1980 | 9.9% | -18.1% |
| 1981 | 11.0% | +11.9% |
| 1982 | 11.7% | +6.2% |
| 1983 | 11.0% | -6.4% |
| 1984 | 10.8% | -1.5% |
| 1985 | 12.0% | +10.8% |
| 1986 | 11.0% | -7.8% |
| 1987 | 14.5% | +31.2% |
| 1988 | 19.4% | +34.0% |
| 1989 | 15.0% | -22.7% |
| 1990 | 24.0% | +60.1% |
| 1991 | 61.2% | +155.1% |
| 1992 | 69.3% | +13.2% |
| 1993 | 73.3% | +5.8% |
| 1994 | 59.7% | -18.5% |
| 1995 | 55.1% | -7.8% |
| 1996 | 60.0% | +8.9% |
| 1997 | 56.4% | -6.1% |
| 1998 | 64.3% | +14.1% |
| 1999 | 9.1% | -85.8% |
| 2000 | 8.5% | -6.8% |
| 2001 | 5.4% | -36.4% |
| 2002 | 5.3% | -2.4% |
| 2003 | 5.0% | -4.9% |
| 2004 | 4.2% | -15.5% |
| 2005 | 6.5% | +52.8% |
| 2006 | 2.8% | -56.9% |
| 2007 | 2.4% | -13.1% |
| 2008 | 1.6% | -32.4% |
| 2009 | 6.7% | +306.0% |
| 2010 | 6.5% | -2.6% |
| 2011 | 3.1% | -52.3% |
| 2012 | 0.6% | -80.6% |
| 2013 | 3.3% | +453.7% |
| 2014 | 4.6% | +37.1% |
| 2015 | 9.1% | +100.0% |
| 2016 | 15.7% | +71.7% |
| 2017 | 9.5% | -39.3% |
| 2018 | 9.7% | +2.5% |
| 2019 | 6.3% | -35.3% |
| 2020 | 5.3% | -16.2% |
| 2021 | 5.6% | +5.9% |
| 2022 | 3.0% | -47.1% |
| 2023 | 1.8% | -37.5% |
| 2024 | 2.6% | +42.5% |
Ethiopia compared with similar countries
- Ethiopia's 2.6% is below the median for low income countries, which is 4.9%, 54% of the median. (21 countries reporting)
- Ethiopia's 2.6% is below the median for Sub-Saharan Africa, which is 9.1%, 29% of the median. (43 countries reporting)
Biggest year-on-year movements
Years where Short-term debt in Ethiopia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2013 | +453.7% | 0.6% | 3.3% |
| 2009 | +306.0% | 1.6% | 6.7% |
| 1991 | +155.1% | 24.0% | 61.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.4% | 12.0% | 12.9% | 3 |
| 1980s | 12.6% | 9.9% | 19.4% | 10 |
| 1990s | 53.3% | 9.1% | 73.3% | 10 |
| 2000s | 4.8% | 1.6% | 8.5% | 10 |
| 2010s | 6.8% | 0.6% | 15.7% | 10 |
| 2020s | 3.7% | 1.8% | 5.6% | 5 |
Countries ranked near Ethiopia
More economy & growth data for Ethiopia
- Foreign direct investment, net outflows (BoP, current US$), gaps 0 BoP, current US$ (1989)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (1989)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0 BoP, current US$ per person (1989)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.02 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 23.25 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0269 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 30.45 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 86.59 % change on previous year (2024)
- Total reserves (includes gold, current US$), per unit of GDP 0.0253 includes gold, current US$ per US$ of GDP (2024)
- Total reserves (includes gold, current US$), per capita 28.66 includes gold, current US$ per person (2024)
Frequently asked questions
- What is short-term debt in Ethiopia?
- Short-term debt in Ethiopia was 2.6% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Ethiopia?
- The highest recorded value was 73.3% in 1993.
- What is the lowest short-term debt recorded in Ethiopia?
- The lowest recorded value was 0.6% in 2012.
- How does Ethiopia rank for short-term debt?
- Ethiopia ranks 94th out of 119 countries with data for 2024.
- Is short-term debt rising or falling in Ethiopia?
- Over the last ten years it is down 42.3%. The long-run trend across the full record is volatile.
- Where does this Ethiopia 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.
Download this data
CSV · JSON — 48 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.