Short-term debt in Heavily indebted poor countries (HIPC)
Heavily indebted poor countries (HIPC): Short-term debt was 25.9% in 2024. ◆ Volatile
Short-term debt in Heavily indebted poor countries (HIPC), 1970–2024
Source: World Development Indicators, World Bank (WB). Measured in % of total reserves.
Analysis
The most recent figure for short-term debt in Heavily indebted poor countries (HIPC) is 25.9%, measured in 2024.
Compared with earlier readings it is down 10.5% on the previous year and down 0.4% over ten years.
Over the whole period, short-term debt in Heavily indebted poor countries (HIPC) peaked at 455.2% in 1990 and was at its lowest, 24.8%, in 2020.
That places Heavily indebted poor countries (HIPC) 28th 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 total reserves | Change |
|---|---|---|
| 1970 | 34.7% | — |
| 1971 | 48.1% | +38.3% |
| 1972 | 56.2% | +17.0% |
| 1973 | 49.9% | -11.2% |
| 1974 | 59.7% | +19.5% |
| 1975 | 96.8% | +62.3% |
| 1976 | 108.7% | +12.2% |
| 1977 | 161.1% | +48.2% |
| 1978 | 214.7% | +33.2% |
| 1979 | 170.4% | -20.6% |
| 1980 | 192.9% | +13.2% |
| 1981 | 224.7% | +16.5% |
| 1982 | 266.4% | +18.6% |
| 1983 | 275.6% | +3.5% |
| 1984 | 359.7% | +30.5% |
| 1985 | 416.2% | +15.7% |
| 1986 | 269.8% | -35.2% |
| 1987 | 370.0% | +37.1% |
| 1988 | 377.9% | +2.1% |
| 1989 | 413.5% | +9.4% |
| 1990 | 455.2% | +10.1% |
| 1991 | 400.0% | -12.1% |
| 1992 | 388.8% | -2.8% |
| 1993 | 449.6% | +15.6% |
| 1994 | 350.4% | -22.0% |
| 1995 | 296.0% | -15.5% |
| 1996 | 236.1% | -20.2% |
| 1997 | 224.7% | -4.8% |
| 1998 | 247.9% | +10.3% |
| 1999 | 213.5% | -13.9% |
| 2000 | 187.5% | -12.2% |
| 2001 | 171.1% | -8.8% |
| 2002 | 120.6% | -29.5% |
| 2003 | 106.6% | -11.6% |
| 2004 | 87.6% | -17.8% |
| 2005 | 76.4% | -12.8% |
| 2006 | 66.9% | -12.4% |
| 2007 | 55.5% | -17.1% |
| 2008 | 45.0% | -18.8% |
| 2009 | 33.3% | -26.1% |
| 2010 | 32.1% | -3.5% |
| 2011 | 25.9% | -19.3% |
| 2012 | 25.9% | +0.0% |
| 2013 | 28.3% | +9.1% |
| 2014 | 26.0% | -8.2% |
| 2015 | 29.9% | +15.3% |
| 2016 | 33.7% | +12.6% |
| 2017 | 31.8% | -5.6% |
| 2018 | 26.8% | -15.7% |
| 2019 | 26.3% | -1.9% |
| 2020 | 24.8% | -5.6% |
| 2021 | 27.1% | +8.9% |
| 2022 | 30.3% | +12.0% |
| 2023 | 28.9% | -4.7% |
| 2024 | 25.9% | -10.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 100.0% | 34.7% | 214.7% | 10 |
| 1980s | 316.7% | 192.9% | 416.2% | 10 |
| 1990s | 326.2% | 213.5% | 455.2% | 10 |
| 2000s | 95.0% | 33.3% | 187.5% | 10 |
| 2010s | 28.7% | 25.9% | 33.7% | 10 |
| 2020s | 27.4% | 24.8% | 30.3% | 5 |
Countries ranked near Heavily indebted poor countries (HIPC)
- 25 Ghana 58.6% compare
- 26 Lebanon 57.2% compare
- 27 Tanzania, United Republic of 56.1% compare
- 28 Nigeria 55.0% compare
- 29 Pakistan 52.2% compare
- 30 Lao People's Democratic Republic 49.6% compare
- 31 Cape Verde 49.6% compare
More economy & growth data for Heavily indebted poor countries (HIPC)
- GNI, Atlas method (current US$), per capita 1,236 current US$ per person (2025)
- Gross domestic savings (current US$), annual growth rate 28.52 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2151 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 286.45 current US$ per person (2025)
- GNI, Atlas method (current US$), annual growth rate 11.15 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9279 current US$ per US$ of GDP (2025)
- GNI (current US$), per unit of GDP 0.9626 current US$ per US$ of GDP (2025)
- GNI per capita, Atlas method 1,236 current US$ (2025)
- GNI (current US$), per capita 1,282 current US$ per person (2025)
- GDP (constant 2015 US$), per capita 1,048 constant 2015 US$ per person (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 25.9% in 2024, according to World Development Indicators, World Bank (WB).
- What is the highest short-term debt recorded in Heavily indebted poor countries (HIPC)?
- The highest recorded value was 455.2% in 1990.
- What is the lowest short-term debt recorded in Heavily indebted poor countries (HIPC)?
- The lowest recorded value was 24.8% in 2020.
- How does Heavily indebted poor countries (HIPC) rank for short-term debt?
- Heavily indebted poor countries (HIPC) ranks 28th 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 0.4%. 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 World Development Indicators, World Bank (WB), published as part of Short-term debt (% of total reserves). Statizoid updates them automatically from the source API.
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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.