Short-term debt in Upper middle income
Upper middle income: Short-term debt was 37.9% in 2024. ◆ Volatile
Short-term debt in Upper middle income, 1982–2024
Source: World Development Indicators, World Bank (WB). Measured in % of total reserves.
Analysis
Upper middle income recorded 37.9% for short-term debt in 2024.
That represents a change of up 0.9% on the previous year and up 12.9% over ten years.
Over the whole period, short-term debt in Upper middle income peaked at 155.0% in 1982 and was at its lowest, 15.6%, in 2009.
That places Upper middle income 7th 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 Upper middle income, year by year
| Year | % of total reserves | Change |
|---|---|---|
| 1982 | 155.0% | — |
| 1983 | 116.9% | -24.6% |
| 1984 | 96.9% | -17.1% |
| 1985 | 93.2% | -3.8% |
| 1986 | 87.7% | -5.9% |
| 1987 | 75.9% | -13.4% |
| 1988 | 85.5% | +12.6% |
| 1989 | 93.6% | +9.6% |
| 1990 | 94.9% | +1.3% |
| 1991 | 86.7% | -8.7% |
| 1992 | 94.3% | +8.9% |
| 1993 | 95.1% | +0.8% |
| 1994 | 86.3% | -9.2% |
| 1995 | 83.0% | -3.8% |
| 1996 | 72.2% | -13.0% |
| 1997 | 67.8% | -6.1% |
| 1998 | 54.9% | -19.0% |
| 1999 | 48.4% | -11.9% |
| 2000 | 44.7% | -7.6% |
| 2001 | 43.7% | -2.4% |
| 2002 | 37.2% | -14.8% |
| 2003 | 34.7% | -6.6% |
| 2004 | 30.9% | -11.0% |
| 2005 | 28.5% | -7.8% |
| 2006 | 24.6% | -13.6% |
| 2007 | 20.4% | -17.0% |
| 2008 | 16.6% | -19.0% |
| 2009 | 15.6% | -6.0% |
| 2010 | 22.6% | +45.1% |
| 2011 | 26.0% | +15.0% |
| 2012 | 26.5% | +2.0% |
| 2013 | 30.6% | +15.5% |
| 2014 | 33.5% | +9.7% |
| 2015 | 27.4% | -18.3% |
| 2016 | 27.8% | +1.5% |
| 2017 | 32.4% | +16.7% |
| 2018 | 37.4% | +15.4% |
| 2019 | 36.6% | -2.2% |
| 2020 | 35.2% | -3.8% |
| 2021 | 37.4% | +6.1% |
| 2022 | 37.8% | +1.2% |
| 2023 | 37.5% | -0.8% |
| 2024 | 37.9% | +0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 100.6% | 75.9% | 155.0% | 8 |
| 1990s | 78.4% | 48.4% | 95.1% | 10 |
| 2000s | 29.7% | 15.6% | 44.7% | 10 |
| 2010s | 30.1% | 22.6% | 37.4% | 10 |
| 2020s | 37.2% | 35.2% | 37.9% | 5 |
Countries ranked near Upper middle income
More economy & growth data for Upper middle income
- Gross capital formation 10.81 trillion current US$ (2024)
- Exports of goods and services 8.68 trillion current US$ (2025)
- Exports of goods and services 25.9% (2025)
- GNI (current US$), per capita 10,757 current US$ per person (2025)
- Gross fixed capital formation 10.46 trillion current US$ (2024)
- Gross fixed capital formation 32.7% (2024)
- Gross capital formation 33.7% (2024)
- Imports of goods and services 23.8% (2025)
- Imports of goods and services 7.97 trillion current US$ (2025)
- Gross national expenditure 30.33 trillion constant 2015 US$ (2025)
Frequently asked questions
- What is short-term debt in Upper middle income?
- Short-term debt in Upper middle income was 37.9% in 2024, according to World Development Indicators, World Bank (WB).
- What is the highest short-term debt recorded in Upper middle income?
- The highest recorded value was 155.0% in 1982.
- What is the lowest short-term debt recorded in Upper middle income?
- The lowest recorded value was 15.6% in 2009.
- How does Upper middle income rank for short-term debt?
- Upper middle income ranks 7th 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 up 12.9%. The long-run trend across the full record is volatile.
- Where does this Upper 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.