Short-term debt in Heavily indebted poor countries (HIPC)
Heavily indebted poor countries (HIPC): Short-term debt was 9.4% in 2024. ◆ Volatile
Short-term debt in Heavily indebted poor countries (HIPC), 1974–2024
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 Heavily indebted poor countries (HIPC) is 9.4%, measured in 2024.
The figure is down 24.2% on the previous year and down 26.5% over ten years.
Over the whole period, short-term debt in Heavily indebted poor countries (HIPC) peaked at 85.8% in 1993 and was at its lowest, 0.4%, in 1974.
That places Heavily indebted poor countries (HIPC) 31st out of 32 groups 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 Heavily indebted poor countries (HIPC), year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1974 | 0.4% | — |
| 1975 | 0.5% | +30.7% |
| 1976 | 16.4% | +3427.4% |
| 1977 | 33.4% | +103.1% |
| 1978 | 47.1% | +41.3% |
| 1979 | 40.1% | -14.9% |
| 1980 | 37.6% | -6.4% |
| 1981 | 40.4% | +7.5% |
| 1982 | 51.8% | +28.4% |
| 1983 | 56.8% | +9.7% |
| 1984 | 66.0% | +16.2% |
| 1985 | 82.5% | +24.9% |
| 1986 | 58.9% | -28.5% |
| 1987 | 70.8% | +20.2% |
| 1988 | 66.1% | -6.7% |
| 1989 | 69.1% | +4.6% |
| 1990 | 73.0% | +5.6% |
| 1991 | 77.1% | +5.6% |
| 1992 | 46.7% | -39.4% |
| 1993 | 85.8% | +83.5% |
| 1994 | 82.4% | -3.9% |
| 1995 | 75.7% | -8.2% |
| 1996 | 62.6% | -17.3% |
| 1997 | 61.5% | -1.7% |
| 1998 | 63.3% | +2.9% |
| 1999 | 62.0% | -2.0% |
| 2000 | 46.1% | -25.7% |
| 2001 | 40.9% | -11.3% |
| 2002 | 41.3% | +1.1% |
| 2003 | 35.6% | -14.0% |
| 2004 | 35.7% | +0.4% |
| 2005 | 25.6% | -28.2% |
| 2006 | 25.3% | -1.3% |
| 2007 | 22.0% | -13.1% |
| 2008 | 16.6% | -24.6% |
| 2009 | 16.7% | +0.5% |
| 2010 | 14.8% | -11.5% |
| 2011 | 11.1% | -25.0% |
| 2012 | 12.3% | +11.2% |
| 2013 | 12.8% | +4.0% |
| 2014 | 12.7% | -0.4% |
| 2015 | 15.2% | +19.5% |
| 2016 | 15.5% | +1.6% |
| 2017 | 15.0% | -2.7% |
| 2018 | 15.5% | +3.1% |
| 2019 | 15.6% | +0.3% |
| 2020 | 17.9% | +14.9% |
| 2021 | 15.6% | -12.5% |
| 2022 | 14.0% | -10.4% |
| 2023 | 12.3% | -11.9% |
| 2024 | 9.4% | -24.2% |
Biggest year-on-year movements
Years where Short-term debt in Heavily indebted poor countries (HIPC) 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 |
|---|---|---|---|
| 1976 | +3427.4% | 0.5% | 16.4% |
| 1977 | +103.1% | 16.4% | 33.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 23.0% | 0.4% | 47.1% | 6 |
| 1980s | 60.0% | 37.6% | 82.5% | 10 |
| 1990s | 69.0% | 46.7% | 85.8% | 10 |
| 2000s | 30.6% | 16.6% | 46.1% | 10 |
| 2010s | 14.0% | 11.1% | 15.6% | 10 |
| 2020s | 13.8% | 9.4% | 17.9% | 5 |
Countries ranked near Heavily indebted poor countries (HIPC)
- 28 Afghanistan 25.3% compare
- 29 Bangladesh 24.4% compare
- 30 Colombia 24.2% compare
- 31 Pakistan 23.3% compare
- 32 Bosnia and Herzegovina 22.9% compare
- 33 El Salvador 22.4% compare
- 34 Zambia 21.7% compare
More economy & growth data for Heavily indebted poor countries (HIPC)
- General government final consumption expenditure (constant 2015 US$) 6.61 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.76 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 897.08 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.6735 current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 785.79 million BoP, current US$ (2025)
- Households and NPISHs Final consumption expenditure (current US$) 7.44 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 117.76 constant 2015 US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 0.0884 constant 2015 US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0006 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 5.83 billion BoP, current US$ (2025)
Frequently asked questions
- What is short-term debt in Heavily indebted poor countries (HIPC)?
- Short-term debt in Heavily indebted poor countries (HIPC) was 9.4% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Heavily indebted poor countries (HIPC)?
- The highest recorded value was 85.8% in 1993.
- What is the lowest short-term debt recorded in Heavily indebted poor countries (HIPC)?
- The lowest recorded value was 0.4% in 1974.
- How does Heavily indebted poor countries (HIPC) rank for short-term debt?
- Heavily indebted poor countries (HIPC) ranks 31st out of 32 groups with data for 2024.
- Is short-term debt rising or falling in Heavily indebted poor countries (HIPC)?
- Over the last ten years it is down 26.5%. The long-run trend across the full record is volatile.
- Where does this Heavily indebted poor countries (HIPC) 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.