Short-term debt (% of total reserves) by country
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total reserves includes gold.
Countries reporting
111
Highest
3,051.2%
Sudan
Lowest
0.0%
Tonga
Median
24.0%
Years covered
55
1970–2024
Data points
6,155
What the numbers show
Short-term debt (% of total reserves) is currently reported for 111 countries. The highest value is 3,051.2% in Sudan; the lowest is 0.0% in Tonga.
The median across all reporting countries is 24.0%, and the mean is 77.1%.
Over the past decade 58 countries rose and 51 fell. The largest increase was in Uzbekistan (up 2,086.3%), and the largest decrease in Bhutan (down 100.0%).
Short-term debt: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Sudan | 3,051.2% | 2017 | up 544.0% | volatile |
| 2 | Somalia | 842.5% | 1989 | up 1,274.8% | volatile |
| 3 | Zimbabwe | 818.0% | 2024 | up 12.7% | volatile |
| 4 | Tunisia | 170.5% | 2024 | up 86.7% | volatile |
| 5 | Argentina | 164.4% | 2024 | up 52.3% | volatile |
| 6 | Djibouti | 148.6% | 2024 | up 658.1% | volatile |
| 7 | Mauritius | 131.1% | 2024 | down 3.8% | volatile |
| 8 | Kosovo | 119.4% | 2024 | up 45.6% | volatile |
| 9 | Türkiye | 114.5% | 2024 | up 2.4% | volatile |
| 10 | Belarus | 111.4% | 2024 | down 56.0% | falling |
| 11 | Dominica | 111.3% | 2024 | down 32.0% | volatile |
| 12 | Georgia | 106.4% | 2024 | up 33.5% | rising |
| 13 | Sri Lanka | 95.5% | 2024 | up 7.0% | volatile |
| 14 | Armenia | 94.9% | 2024 | up 55.7% | volatile |
| 15 | Congo | 86.6% | 2024 | up 1,923.5% | volatile |
| 16 | Jordan | 81.6% | 2024 | up 20.2% | volatile |
| 17 | South Africa | 71.6% | 2024 | down 17.2% | volatile |
| 18 | El Salvador | 71.5% | 2024 | down 4.6% | rising |
| 19 | Egypt | 69.0% | 2024 | up 210.1% | volatile |
| 20 | Zambia | 68.3% | 2024 | up 156.8% | volatile |
| 21 | Fiji | 65.8% | 2024 | up 72.0% | volatile |
| 22 | North Macedonia | 60.5% | 2024 | up 14.1% | rising |
| 23 | Bangladesh | 60.5% | 2024 | up 225.3% | volatile |
| 24 | Ghana | 58.6% | 2024 | up 6.4% | volatile |
| 25 | Lebanon | 57.2% | 2024 | up 262.0% | volatile |
| 26 | Tanzania, United Republic of | 56.1% | 2018 | up 19.4% | volatile |
| 27 | Nigeria | 55.0% | 2024 | up 52.6% | volatile |
| 28 | Pakistan | 52.2% | 2024 | up 36.1% | volatile |
| 29 | Lao People's Democratic Republic | 49.6% | 2024 | down 25.7% | volatile |
| 30 | Cape Verde | 49.6% | 2024 | down 16.1% | volatile |
| 31 | Viet Nam | 44.6% | 2024 | up 12.2% | volatile |
| 32 | Kazakhstan | 42.8% | 2024 | up 27.9% | volatile |
| 33 | Mongolia | 42.6% | 2024 | down 70.3% | volatile |
| 34 | Jamaica | 42.6% | 2024 | down 31.1% | volatile |
| 35 | Ukraine | 41.9% | 2024 | down 86.1% | volatile |
| 36 | Indonesia | 41.8% | 2024 | up 1.8% | volatile |
| 37 | Angola | 40.8% | 2024 | up 43.9% | volatile |
| 38 | Republic of Moldova | 40.7% | 2024 | down 40.4% | volatile |
| 39 | Sierra Leone | 40.1% | 2024 | up 12.9% | volatile |
| 40 | Yemen | 39.9% | 2022 | up 1,656.3% | volatile |
| 41 | China | 37.8% | 2024 | up 18.9% | rising |
| 42 | Paraguay | 37.2% | 2024 | up 48.3% | volatile |
| 43 | Bosnia and Herzegovina | 32.6% | 2024 | up 103.1% | rising |
| 44 | Bolivia, Plurinational State of | 32.1% | 2024 | up 1,583.0% | volatile |
| 45 | Mozambique | 31.5% | 2024 | up 82.4% | volatile |
| 46 | Kyrgyzstan | 31.4% | 2024 | up 96.5% | volatile |
| 47 | Dominican Republic | 30.8% | 2024 | down 39.8% | volatile |
| 48 | Colombia | 30.8% | 2024 | up 17.9% | volatile |
| 49 | Malawi | 30.0% | 2020 | up 127.1% | volatile |
| 50 | Thailand | 29.3% | 2024 | down 17.9% | volatile |
| 51 | Guinea | 28.1% | 2024 | up 339.6% | volatile |
| 52 | Mexico | 26.4% | 2024 | down 36.7% | volatile |
| 53 | Central African Republic | 25.8% | 2024 | down 40.1% | volatile |
| 54 | Brazil | 25.6% | 2024 | up 59.7% | volatile |
| 55 | Bulgaria | 24.4% | 2022 | down 63.7% | volatile |
| 56 | Tajikistan | 24.0% | 2024 | down 89.4% | volatile |
| 57 | Gabon | 23.8% | 2024 | up 708.4% | volatile |
| 58 | Maldives | 23.7% | 2024 | up 1.9% | volatile |
| 59 | Nicaragua | 22.1% | 2024 | down 66.8% | volatile |
| 60 | Honduras | 21.9% | 2024 | up 50.5% | volatile |
| 61 | India | 21.7% | 2024 | down 17.5% | volatile |
| 62 | Rwanda | 20.8% | 2024 | up 687.3% | volatile |
| 63 | Turkmenistan | 20.6% | 1999 | — | volatile |
| 64 | Saint Vincent and the Grenadines | 20.5% | 2024 | — | volatile |
| 65 | Morocco | 20.2% | 2024 | down 46.1% | volatile |
| 66 | Kenya | 19.9% | 2024 | down 21.4% | volatile |
| 67 | Philippines | 19.7% | 2024 | down 3.3% | volatile |
| 68 | Saint Lucia | 19.6% | 2024 | down 57.1% | volatile |
| 69 | Cambodia | 19.1% | 2024 | up 7.3% | volatile |
| 70 | Albania | 19.0% | 2024 | down 72.9% | volatile |
| 71 | Cameroon | 18.8% | 2024 | up 236.4% | volatile |
| 72 | Vanuatu | 18.7% | 2024 | down 57.4% | volatile |
| 73 | Eritrea | 17.1% | 2019 | up 10.5% | volatile |
| 74 | Suriname | 15.3% | 2023 | down 87.9% | falling |
| 75 | Uganda | 14.9% | 2024 | down 7.3% | volatile |
| 76 | Uzbekistan | 13.8% | 2024 | up 2,086.3% | volatile |
| 77 | Sao Tome and Principe | 13.5% | 2024 | down 15.6% | volatile |
| 78 | Montenegro | 13.5% | 2024 | down 68.4% | volatile |
| 79 | Samoa | 13.5% | 2024 | down 59.0% | volatile |
| 80 | Peru | 13.2% | 2024 | up 18.4% | volatile |
| 81 | Eswatini | 13.0% | 2024 | up 175.4% | volatile |
| 82 | Russian Federation | 11.3% | 2022 | down 26.0% | volatile |
| 83 | Congo, Democratic Republic of the | 11.2% | 2023 | down 57.3% | volatile |
| 84 | Gambia | 9.8% | 2024 | up 14.3% | volatile |
| 85 | Ethiopia | 9.3% | 2024 | up 12.3% | volatile |
| 86 | Ecuador | 9.1% | 2024 | down 64.7% | volatile |
| 87 | Mauritania | 8.8% | 2021 | down 95.6% | volatile |
| 88 | Guyana | 6.3% | 2024 | down 95.4% | volatile |
| 89 | Haiti | 4.8% | 2024 | down 36.9% | volatile |
| 90 | Afghanistan | 4.5% | 2020 | up 119.3% | volatile |
| 91 | Solomon Islands | 4.3% | 2024 | up 41.0% | volatile |
| 92 | Botswana | 4.2% | 2024 | down 16.9% | volatile |
| 93 | Grenada | 3.7% | 2024 | down 92.0% | volatile |
| 94 | Madagascar | 3.6% | 2024 | down 90.1% | volatile |
| 95 | Serbia | 3.3% | 2024 | down 25.7% | volatile |
| 96 | Papua New Guinea | 3.3% | 2024 | down 90.6% | volatile |
| 97 | Nepal | 2.7% | 2024 | down 50.2% | volatile |
| 98 | Belize | 2.6% | 2024 | up 136.5% | volatile |
| 99 | Algeria | 2.1% | 2024 | up 99.6% | volatile |
| 100 | Chad | 1.9% | 2024 | up 341.9% | volatile |
| 101 | Azerbaijan | 1.7% | 2024 | down 86.7% | volatile |
| 102 | Iraq | 0.7% | 2024 | down 46.8% | falling |
| 103 | Guatemala | 0.7% | 2024 | down 94.6% | volatile |
| 104 | Myanmar | 0.5% | 2023 | up 34.2% | volatile |
| 105 | Burundi | 0.3% | 2023 | down 96.6% | volatile |
| 106 | Lesotho | 0.3% | 2024 | up 1,500.4% | volatile |
| 107 | Timor-Leste | 0.2% | 2024 | down 99.3% | volatile |
| 108 | Bhutan | 0.0% | 2024 | down 100.0% | volatile |
| 108 | Comoros | 0.0% | 2024 | down 100.0% | volatile |
| 108 | Liberia | 0.0% | 2024 | down 100.0% | volatile |
| 108 | Tonga | 0.0% | 2024 | down 100.0% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Europe & Central Asia (excluding high income) 66.3%
- Africa Eastern and Southern 60.6%
- Sub-Saharan Africa (excluding high income) 56.9%
- Sub-Saharan Africa 56.9%
- Sub-Saharan Africa (IDA & IBRD countries) 56.9%
- Africa Western and Central 48.8%
- Upper middle income 37.9%
- IDA blend 37.5%
- East Asia & Pacific (excluding high income) 37.0%
- East Asia & Pacific (IDA & IBRD countries) 37.0%
- Early-demographic dividend 36.9%
- Late-demographic dividend 36.8%
- IBRD only 36.6%
- Middle income 36.5%
- Low & middle income 36.5%
- IDA & IBRD total 36.5%
- IDA total 34.6%
- Pacific island small states 33.4%
- IDA only 31.8%
- Europe & Central Asia (IDA & IBRD countries) 31.7%
- Middle East, North Africa, Afghanistan & Pakistan (excluding high income) 29.8%
- Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) 29.8%
- Latin America & Caribbean (excluding high income) 29.5%
- Latin America & Caribbean 29.5%
- Latin America & the Caribbean (IDA & IBRD countries) 29.5%
- Lower middle income 29.4%
- Least developed countries 29.4%
- Heavily indebted poor countries (HIPC) 25.9%
- South Asia 23.1%
- South Asia (IDA & IBRD) 23.1%
- Pre-demographic dividend 19.7%
- Low income 15.6%
About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total reserves includes gold.