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Short-term debt in Low & middle income

Low & middle income: Short-term debt was 24.1% in 2024. ▼ Falling

Latest (2024)
24.1%
Change on year
down 5.2%
Rank
9th
of 32 groups
All-time high
46.8%
in 1982
All-time low
13.0%
in 2008
Years of data
45
1980–2024

Short-term debt in Low & middle income, 1980–2024

10203040501980200220241980: 37.8 % of exports of goods, services and primary income1981: 41.9 % of exports of goods, services and primary income1982: 46.8 % of exports of goods, services and primary income1983: 37.4 % of exports of goods, services and primary income1984: 34.7 % of exports of goods, services and primary income1985: 35.7 % of exports of goods, services and primary income1986: 37.4 % of exports of goods, services and primary income1987: 33.3 % of exports of goods, services and primary income1988: 30.8 % of exports of goods, services and primary income1989: 32.3 % of exports of goods, services and primary income1990: 35 % of exports of goods, services and primary income1991: 38 % of exports of goods, services and primary income1992: 38.5 % of exports of goods, services and primary income1993: 43 % of exports of goods, services and primary income1994: 35.1 % of exports of goods, services and primary income1995: 35.7 % of exports of goods, services and primary income1996: 33.8 % of exports of goods, services and primary income1997: 33.5 % of exports of goods, services and primary income1998: 28.6 % of exports of goods, services and primary income1999: 25.7 % of exports of goods, services and primary income2000: 20 % of exports of goods, services and primary income2001: 22.1 % of exports of goods, services and primary income2002: 21.9 % of exports of goods, services and primary income2003: 20.1 % of exports of goods, services and primary income2004: 18.8 % of exports of goods, services and primary income2005: 17.2 % of exports of goods, services and primary income2006: 16.3 % of exports of goods, services and primary income2007: 15.9 % of exports of goods, services and primary income2008: 13 % of exports of goods, services and primary income2009: 17.7 % of exports of goods, services and primary income2010: 23.1 % of exports of goods, services and primary income2011: 24.4 % of exports of goods, services and primary income2012: 25.4 % of exports of goods, services and primary income2013: 30 % of exports of goods, services and primary income2014: 31.9 % of exports of goods, services and primary income2015: 26.2 % of exports of goods, services and primary income2016: 26.3 % of exports of goods, services and primary income2017: 28.2 % of exports of goods, services and primary income2018: 29 % of exports of goods, services and primary income2019: 29.1 % of exports of goods, services and primary income2020: 31.8 % of exports of goods, services and primary income2021: 27.1 % of exports of goods, services and primary income2022: 24.2 % of exports of goods, services and primary income2023: 25.4 % of exports of goods, services and primary income2024: 24.1 % of exports of goods, services and primary income

Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.

Analysis

Low & middle income recorded 24.1% for short-term debt in 2024.

The figure is down 5.2% on the previous year and down 24.4% over ten years.

Over the whole period, short-term debt in Low & middle income peaked at 46.8% in 1982 and was at its lowest, 13.0%, in 2008.

That places Low & middle income 9th out of 32 groups with data for 2024, putting it in the middle of the range.

The long-run direction has been consistently falling across the 45 years of available data.

Short-term debt in Low & middle income, year by year

Year % of exports of goods, services and primary income Change
1980 37.8% —
1981 41.9% +10.7%
1982 46.8% +11.7%
1983 37.4% -20.0%
1984 34.7% -7.2%
1985 35.7% +2.8%
1986 37.4% +4.8%
1987 33.3% -10.8%
1988 30.8% -7.5%
1989 32.3% +4.7%
1990 35.0% +8.2%
1991 38.0% +8.8%
1992 38.5% +1.3%
1993 43.0% +11.5%
1994 35.1% -18.4%
1995 35.7% +1.8%
1996 33.8% -5.3%
1997 33.5% -0.8%
1998 28.6% -14.8%
1999 25.7% -10.2%
2000 20.0% -21.9%
2001 22.1% +10.3%
2002 21.9% -1.0%
2003 20.1% -8.0%
2004 18.8% -6.8%
2005 17.2% -8.6%
2006 16.3% -5.2%
2007 15.9% -2.2%
2008 13.0% -18.0%
2009 17.7% +36.0%
2010 23.1% +30.1%
2011 24.4% +5.7%
2012 25.4% +4.1%
2013 30.0% +18.3%
2014 31.9% +6.1%
2015 26.2% -17.7%
2016 26.3% +0.2%
2017 28.2% +7.6%
2018 29.0% +2.8%
2019 29.1% +0.2%
2020 31.8% +9.3%
2021 27.1% -14.8%
2022 24.2% -10.5%
2023 25.4% +4.7%
2024 24.1% -5.2%

Averages by decade

DecadeAverage LowestHighest Years
1980s 36.8% 30.8% 46.8% 10
1990s 34.7% 25.7% 43.0% 10
2000s 18.3% 13.0% 22.1% 10
2010s 27.4% 23.1% 31.9% 10
2020s 26.5% 24.1% 31.8% 5

Countries ranked near Low & middle income

  1. 6 Senegal 63.1% compare
  2. 7 Mauritius 57.1% compare
  3. 8 Zimbabwe 48.0% compare
  4. 9 Argentina 47.1% compare
  5. 10 Turkey 46.4% compare
  6. 11 Egypt 46.3% compare
  7. 12 Central African Republic 39.3% compare

See the full ranking of 151 places →

More economy & growth data for Low & middle income

All data for Low & middle income →

Frequently asked questions

What is short-term debt in Low & middle income?
Short-term debt in Low & middle income was 24.1% in 2024, according to International Debt Statistics, World Bank (WB).
What is the highest short-term debt recorded in Low & middle income?
The highest recorded value was 46.8% in 1982.
What is the lowest short-term debt recorded in Low & middle income?
The lowest recorded value was 13.0% in 2008.
How does Low & middle income rank for short-term debt?
Low & middle income ranks 9th out of 32 groups with data for 2024.
Is short-term debt rising or falling in Low & middle income?
Over the last ten years it is down 24.4%. The long-run trend across the full record is falling.
Where does this Low & middle income 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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Short-term debt in Low & middle income. Statizoid, drawing on International Debt Statistics, World Bank (WB). Retrieved 18 September 2026, from https://economy.statizoid.com/stat/short-term-debt-percent-of-exports-of-goods-services-and-primary-income/low-and-middle-income/

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About this data

Indicator
Short-term debt (% of exports of goods, services and primary income)
Unit
% of exports of goods, services and primary income
Source
International Debt Statistics, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
151 places, 5,838 data points, 1970–2024
Last refreshed

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.