Short-term debt in Pacific island small states
Pacific island small states: Short-term debt was 24.8% in 2024. ◆ Volatile
Short-term debt in Pacific island small states, 1979–2024
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 Pacific island small states is 24.8%, measured in 2024. That is the highest value across all 46 years on record.
That represents a change of up 20.3% on the previous year and up 106.2% over ten years.
Over the whole period, short-term debt in Pacific island small states peaked at 24.8% in 2024 and was at its lowest, 1.4%, in 1996.
That places Pacific island small states 6th out of 32 groups with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt in Pacific island small states, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1979 | 4.9% | — |
| 1980 | 5.8% | +19.4% |
| 1981 | 6.8% | +15.9% |
| 1982 | 4.0% | -40.0% |
| 1983 | 5.4% | +34.5% |
| 1984 | 4.7% | -14.6% |
| 1985 | 5.0% | +7.4% |
| 1986 | 4.2% | -15.5% |
| 1987 | 4.2% | -0.7% |
| 1988 | 4.9% | +16.1% |
| 1989 | 2.3% | -52.3% |
| 1990 | 4.0% | +73.1% |
| 1991 | 3.9% | -3.5% |
| 1992 | 2.9% | -25.9% |
| 1993 | 4.5% | +56.4% |
| 1994 | 1.6% | -63.5% |
| 1995 | 1.9% | +17.3% |
| 1996 | 1.4% | -27.2% |
| 1997 | 2.3% | +63.6% |
| 1998 | 2.8% | +21.2% |
| 1999 | 2.2% | -22.3% |
| 2000 | 2.4% | +13.4% |
| 2001 | 3.9% | +58.7% |
| 2002 | 7.8% | +100.0% |
| 2003 | 7.6% | -2.0% |
| 2004 | 5.8% | -23.2% |
| 2005 | 5.7% | -2.7% |
| 2006 | 1.9% | -65.8% |
| 2007 | 2.0% | +2.9% |
| 2008 | 1.9% | -7.1% |
| 2009 | 3.8% | +106.6% |
| 2010 | 4.6% | +20.8% |
| 2011 | 7.0% | +51.3% |
| 2012 | 8.0% | +14.1% |
| 2013 | 7.8% | -2.0% |
| 2014 | 12.0% | +53.4% |
| 2015 | 14.2% | +18.4% |
| 2016 | 10.8% | -24.3% |
| 2017 | 13.3% | +23.1% |
| 2018 | 10.9% | -17.8% |
| 2019 | 10.8% | -0.5% |
| 2020 | 17.7% | +62.8% |
| 2021 | 20.9% | +18.2% |
| 2022 | 18.4% | -11.8% |
| 2023 | 20.6% | +12.0% |
| 2024 | 24.8% | +20.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.9% | 4.9% | 4.9% | 1 |
| 1980s | 4.7% | 2.3% | 6.8% | 10 |
| 1990s | 2.7% | 1.4% | 4.5% | 10 |
| 2000s | 4.3% | 1.9% | 7.8% | 10 |
| 2010s | 10.0% | 4.6% | 14.2% | 10 |
| 2020s | 20.5% | 17.7% | 24.8% | 5 |
Countries ranked near Pacific island small states
More economy & growth data for Pacific island small states
- Gross domestic savings 119.30 million current US$ (2024)
- GDP 11.21 billion constant 2015 US$ (2025)
- Gross capital formation (current US$), per unit of GDP 0.2321 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 1,051 current US$ per person (2024)
- GDP per capita 4,720 current US$ (2025)
- GDP per capita 4,066 constant 2015 US$ (2025)
- GDP per capita growth 2.1% (2025)
- Imports of goods and services (current US$), annual growth rate 5.47 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.6467 current US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.1192 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is short-term debt in Pacific island small states?
- Short-term debt in Pacific island small states was 24.8% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Pacific island small states?
- The highest recorded value was 24.8% in 2024.
- What is the lowest short-term debt recorded in Pacific island small states?
- The lowest recorded value was 1.4% in 1996.
- How does Pacific island small states rank for short-term debt?
- Pacific island small states ranks 6th out of 32 groups with data for 2024.
- Is short-term debt rising or falling in Pacific island small states?
- Over the last ten years it is up 106.2%. The long-run trend across the full record is volatile.
- Where does this Pacific island small states 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.