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Short-term debt in Upper middle income

Upper middle income: Short-term debt was 25.3% in 2024. ▼ Falling

Latest (2024)
25.3%
Change on year
down 4.8%
Rank
5th
of 32 groups
All-time high
51.5%
in 1982
All-time low
13.6%
in 2008
Years of data
44
1981–2024

Short-term debt in Upper middle income, 1981–2024

10203040501981200220241981: 48.2 % of exports of goods, services and primary income1982: 51.5 % of exports of goods, services and primary income1983: 36.9 % of exports of goods, services and primary income1984: 32.4 % of exports of goods, services and primary income1985: 32 % of exports of goods, services and primary income1986: 33.9 % of exports of goods, services and primary income1987: 30.5 % of exports of goods, services and primary income1988: 28.2 % of exports of goods, services and primary income1989: 30 % of exports of goods, services and primary income1990: 35.1 % of exports of goods, services and primary income1991: 39.7 % of exports of goods, services and primary income1992: 41.7 % of exports of goods, services and primary income1993: 46.8 % of exports of goods, services and primary income1994: 36.7 % of exports of goods, services and primary income1995: 37.1 % of exports of goods, services and primary income1996: 35.1 % of exports of goods, services and primary income1997: 35 % of exports of goods, services and primary income1998: 28.7 % of exports of goods, services and primary income1999: 26.1 % of exports of goods, services and primary income2000: 21 % of exports of goods, services and primary income2001: 23.8 % of exports of goods, services and primary income2002: 23.3 % of exports of goods, services and primary income2003: 21.5 % of exports of goods, services and primary income2004: 20.1 % of exports of goods, services and primary income2005: 18.8 % of exports of goods, services and primary income2006: 17.1 % of exports of goods, services and primary income2007: 16.6 % of exports of goods, services and primary income2008: 13.6 % of exports of goods, services and primary income2009: 18.8 % of exports of goods, services and primary income2010: 25.3 % of exports of goods, services and primary income2011: 26.9 % of exports of goods, services and primary income2012: 27.4 % of exports of goods, services and primary income2013: 32.9 % of exports of goods, services and primary income2014: 35.3 % of exports of goods, services and primary income2015: 27.8 % of exports of goods, services and primary income2016: 27.6 % of exports of goods, services and primary income2017: 29.8 % of exports of goods, services and primary income2018: 31.2 % of exports of goods, services and primary income2019: 31.1 % of exports of goods, services and primary income2020: 33.3 % of exports of goods, services and primary income2021: 28.2 % of exports of goods, services and primary income2022: 25.1 % of exports of goods, services and primary income2023: 26.6 % of exports of goods, services and primary income2024: 25.3 % 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

In 2024, short-term debt in Upper middle income stood at 25.3%.

The figure is down 4.8% on the previous year and down 28.3% over ten years.

Over the whole period, short-term debt in Upper middle income peaked at 51.5% in 1982 and was at its lowest, 13.6%, in 2008.

That places Upper middle income 5th out of 32 groups with data for 2024, putting it in the top quarter.

The long-run direction has been consistently falling across the 44 years of available data.

Short-term debt in Upper middle income, year by year

Year % of exports of goods, services and primary income Change
1981 48.2% —
1982 51.5% +6.8%
1983 36.9% -28.4%
1984 32.4% -12.1%
1985 32.0% -1.3%
1986 33.9% +6.1%
1987 30.5% -10.2%
1988 28.2% -7.5%
1989 30.0% +6.4%
1990 35.1% +16.9%
1991 39.7% +13.2%
1992 41.7% +5.1%
1993 46.8% +12.2%
1994 36.7% -21.5%
1995 37.1% +1.0%
1996 35.1% -5.4%
1997 35.0% -0.3%
1998 28.7% -17.8%
1999 26.1% -9.1%
2000 21.0% -19.7%
2001 23.8% +13.5%
2002 23.3% -2.3%
2003 21.5% -7.7%
2004 20.1% -6.4%
2005 18.8% -6.6%
2006 17.1% -8.7%
2007 16.6% -3.2%
2008 13.6% -17.9%
2009 18.8% +37.7%
2010 25.3% +34.8%
2011 26.9% +6.3%
2012 27.4% +1.7%
2013 32.9% +20.4%
2014 35.3% +7.1%
2015 27.8% -21.2%
2016 27.6% -0.8%
2017 29.8% +8.2%
2018 31.2% +4.6%
2019 31.1% -0.4%
2020 33.3% +7.1%
2021 28.2% -15.2%
2022 25.1% -11.2%
2023 26.6% +6.0%
2024 25.3% -4.8%

Averages by decade

DecadeAverage LowestHighest Years
1980s 36.0% 28.2% 51.5% 9
1990s 36.2% 26.1% 46.8% 10
2000s 19.5% 13.6% 23.8% 10
2010s 29.5% 25.3% 35.3% 10
2020s 27.7% 25.1% 33.3% 5

Countries ranked near Upper middle income

  1. 2 Tunisia 75.7% compare
  2. 3 Sudan 75.4% compare
  3. 4 Dominica 75.1% compare
  4. 5 Jordan 72.1% compare
  5. 6 Senegal 63.1% compare
  6. 7 Mauritius 57.1% compare
  7. 8 Zimbabwe 48.0% compare

See the full ranking of 151 places →

More economy & growth data for Upper middle income

All data for Upper middle income →

Frequently asked questions

What is short-term debt in Upper middle income?
Short-term debt in Upper middle income was 25.3% in 2024, according to International Debt Statistics, World Bank (WB).
What is the highest short-term debt recorded in Upper middle income?
The highest recorded value was 51.5% in 1982.
What is the lowest short-term debt recorded in Upper middle income?
The lowest recorded value was 13.6% in 2008.
How does Upper middle income rank for short-term debt?
Upper middle income ranks 5th out of 32 groups with data for 2024.
Is short-term debt rising or falling in Upper middle income?
Over the last ten years it is down 28.3%. The long-run trend across the full record is falling.
Where does this Upper 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 Upper 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/upper-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.