Albania: Short-term debt (% of total external debt)

Key figures

What the numbers say

In 2024, Albania's short-term debt (% of total external debt) rose 0.93 percentage points on 2023 (from 10.65% to 11.58%).

Across the 30 yearly changes before that (1994 to 2023), the average change was −2.09 percentage points and a typical year strayed about 10.87 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 9.79 percentage points in 2008 and the biggest yearly fall was 52.24 percentage points in 1995. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is downward, about 1.27 percentage points a year. A straight line explains 48% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Albania had the 47th highest value of the 118 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Albania in the 2024 ranking

• Central African Republic — 44th of 118: 12.09%
• Paraguay — 45th of 118: 11.88%
• Kazakhstan — 46th of 118: 11.7%
• Peru — 48th of 118: 11.23%
• Morocco — 49th of 118: 11.04%
• El Salvador — 50th of 118: 10.61%

What this measures

Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 34 values

Short-term debt (% of total external debt) in nearby economies

• Armenia — 21.34% (2024)
• Azerbaijan — 1.79% (2024)
• Belarus — 29.02% (2024)
• Bosnia and Herzegovina — 22.13% (2024)
• Bulgaria — 21.16% (2022)
• Georgia — 18.8% (2024)
• Kazakhstan — 11.7% (2024)
• Kosovo — 35.58% (2024)
• Kyrgyz Republic — 13.67% (2024)
• Moldova — 21.3% (2024)

More economic policy & debt data for Albania

• Adjusted savings, education expenditure (% of GNI) — 2.79% (2021)
• Adjusted savings, net forest depletion (current US$) — US$25.28 million (2021)
• Adjusted savings, mineral depletion (current US$) — US$11.41 million (2021)
• Adjusted savings, energy depletion (current US$) — US$107.57 million (2021)
• Trade in services (% of GDP) — 46.51% (2025)
• Communications, computer, etc. (% of service imports, BoP) — 10.43% (2025)
• Primary income payments (BoP, current US$) — US$1.25 billion (2025)
• Imports of goods and services (current US$, BoP) — US$13.07 billion (2025)
• Insurance and financial services (% of service imports, BoP)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Albania's short-term debt (% of total external debt)?

11.58% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1991?

It is down 71.56 percentage points from 83.15% in 1991. The highest value was 83.15% in 1991 and the lowest 0.08% in 2004.

How does Albania rank?

47th highest of 118 economies with data for 2024.

Is the latest change in short-term debt (% of total external debt) unusual for Albania?

In 2024, Albania's short-term debt (% of total external debt) rose 0.93 percentage points on 2023 (from 10.65% to 11.58%). Across the 30 yearly changes before that (1994 to 2023), the average change was −2.09 percentage points and a typical year strayed about 10.87 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator DT.DOD.DSTC.ZS, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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