Short-term debt in Lower middle income
Lower middle income: Short-term debt was 29.4% in 2024. ◆ Volatile
Short-term debt in Lower middle income, 1978–2024
Source: World Development Indicators, World Bank (WB). Measured in % of total reserves.
Analysis
Lower middle income recorded 29.4% for short-term debt in 2024.
That represents a change of up 13.8% over ten years.
Over the whole period, short-term debt in Lower middle income peaked at 113.6% in 1989 and was at its lowest, 13.1%, in 2005.
That places Lower middle income 26th 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 Lower middle income, year by year
| Year | % of total reserves | Change |
|---|---|---|
| 1978 | 58.3% | — |
| 1979 | 38.4% | -34.2% |
| 1980 | 40.2% | +4.7% |
| 1982 | 72.4% | +80.1% |
| 1986 | 102.4% | +41.4% |
| 1987 | 91.5% | -10.6% |
| 1988 | 105.2% | +14.9% |
| 1989 | 113.6% | +8.1% |
| 1990 | 111.0% | -2.3% |
| 1991 | 76.6% | -31.0% |
| 1992 | 66.0% | -13.8% |
| 1993 | 45.8% | -30.7% |
| 1994 | 36.4% | -20.6% |
| 1995 | 44.1% | +21.4% |
| 1996 | 41.4% | -6.1% |
| 1997 | 38.5% | -7.0% |
| 1998 | 38.6% | +0.2% |
| 1999 | 36.8% | -4.8% |
| 2000 | 26.9% | -26.9% |
| 2001 | 22.7% | -15.4% |
| 2002 | 19.0% | -16.4% |
| 2003 | 15.4% | -19.0% |
| 2004 | 13.8% | -10.6% |
| 2005 | 13.1% | -4.8% |
| 2006 | 15.8% | +20.6% |
| 2007 | 14.8% | -6.1% |
| 2008 | 16.4% | +10.5% |
| 2009 | 15.5% | -5.4% |
| 2010 | 19.0% | +22.8% |
| 2011 | 23.7% | +24.7% |
| 2012 | 28.1% | +18.4% |
| 2013 | 28.4% | +1.2% |
| 2014 | 25.8% | -9.2% |
| 2015 | 24.0% | -6.9% |
| 2016 | 24.5% | +1.8% |
| 2017 | 25.8% | +5.5% |
| 2018 | 26.2% | +1.3% |
| 2019 | 25.7% | -1.6% |
| 2020 | 22.0% | -14.4% |
| 2021 | 23.8% | +8.2% |
| 2022 | 31.8% | +33.6% |
| 2023 | 29.4% | -7.7% |
| 2024 | 29.4% | -0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 48.4% | 38.4% | 58.3% | 2 |
| 1980s | 87.5% | 40.2% | 113.6% | 6 |
| 1990s | 53.5% | 36.4% | 111.0% | 10 |
| 2000s | 17.3% | 13.1% | 26.9% | 10 |
| 2010s | 25.1% | 19.0% | 28.4% | 10 |
| 2020s | 27.3% | 22.0% | 31.8% | 5 |
Countries ranked near Lower middle income
- 23 North Macedonia 60.5% compare
- 24 Bangladesh 60.5% compare
- 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
More economy & growth data for Lower middle income
- Agriculture, forestry, and fishing, value added 1.15 trillion constant 2015 US$ (2025)
- Imports of goods and services 1.92 trillion current US$ (2025)
- Imports of goods and services 1.75 trillion constant 2015 US$ (2025)
- Imports of goods and services 8.1% (2025)
- Imports of goods and services 26.3% (2025)
- External balance on goods and services -3.1% (2025)
- Trade 46.6% (2025)
- GDP (current US$), per capita 2,481 current US$ per person (2025)
- Industry (including construction), value added 2.30 trillion constant 2015 US$ (2025)
- Industry (including construction), value added 2.29 trillion current US$ (2025)
Frequently asked questions
- What is short-term debt in Lower middle income?
- Short-term debt in Lower middle income was 29.4% in 2024, according to World Development Indicators, World Bank (WB).
- What is the highest short-term debt recorded in Lower middle income?
- The highest recorded value was 113.6% in 1989.
- What is the lowest short-term debt recorded in Lower middle income?
- The lowest recorded value was 13.1% in 2005.
- How does Lower middle income rank for short-term debt?
- Lower middle income ranks 26th out of 32 groups with data for 2024.
- Is short-term debt rising or falling in Lower middle income?
- Over the last ten years it is up 13.8%. The long-run trend across the full record is volatile.
- Where does this Lower middle income 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.