Europe & Central Asia (excluding high income)'s debt service on external debt, total (TDS, current US$) was US$193.17 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 40.11% from US$137.87 billion in 2014 (3.43% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$193.17 billion | 2024 |
| Five years earlier | US$162.28 billion | 2019 |
| Ten years earlier | US$137.87 billion | 2014 |
| Highest | US$193.17 billion | 2024 |
| Lowest | US$710.79 million | 1970 |
| Average since 2015 | US$159.98 billion | 2015–2024 |
| First recorded | US$710.79 million |
What the numbers say
In 2024, Europe & Central Asia (excluding high income)'s debt service on external debt, total (TDS, current US$) rose 11.3% on 2023 (from US$173.49 billion to US$193.17 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +11.1% and a typical year strayed about 12.8% from that (the standard deviation). This year's change was 0.0 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 40.7% in 1972 and the biggest yearly fall was 18.5% in 1993. 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 upward, about US$4.43 billion a year. A straight line explains 71% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
What this measures
Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 55 values
| Year | Debt service on external debt, total (TDS, current US$) |
|---|---|
| 2024 | 193,173,630,258 |
| 2023 | 173,490,108,604 |
| 2022 | 162,624,019,701 |
| 2021 | 152,036,992,137 |
| 2020 | 163,277,153,848 |
| 2019 | 162,284,613,081 |
| 2018 | 160,231,821,236 |
| 2017 | 152,845,753,563 |
| 2016 | 135,153,049,798 |
| 2015 | 144,642,986,575 |
Debt service on external debt, total (TDS, current US$) in nearby economies
- Afghanistan — US$67.6 million (2024)
- Algeria — US$444.97 million (2024)
- Djibouti — US$139.58 million (2024)
- Egypt, Arab Rep. — US$32.91 billion (2024)
- Iran, Islamic Rep. — US$362.02 million (2024)
- Iraq — US$3.42 billion (2024)
- Jordan — US$4.51 billion (2024)
- Lebanon — US$2.49 billion (2024)
- Morocco — US$8.9 billion (2024)
More economic policy & debt data for Europe & Central Asia (excluding high income)
- Net bilateral aid flows from DAC donors, Austria (current US$) — US$197.79 million (2023)
- Net bilateral aid flows from DAC donors, Belgium (current US$) — US$85.62 million (2023)
- Net bilateral aid flows from DAC donors, Canada (current US$) — US$2.03 billion (2023)
- Net bilateral aid flows from DAC donors, European Union institutions (current US$) — US$23.3 billion (2023)
- Net bilateral aid flows from DAC donors, Switzerland (current US$) — US$419.07 million (2023)
- Net bilateral aid flows from DAC donors, Germany (current US$) — US$1.28 billion (2023)
Reading data like this
Questions people ask
- What is Europe & Central Asia (excluding high income)'s debt service on external debt, total (TDS, current US$)?
- US$193.17 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 27,077% from US$710.79 million in 1970 (10.94% a year on average, compounded). The highest value was US$193.17 billion in 2024 and the lowest US$710.79 million in 1970.
- Is the latest change in debt service on external debt, total (TDS, current US$) unusual for Europe & Central Asia (excluding high income)?
- In 2024, Europe & Central Asia (excluding high income)'s debt service on external debt, total (TDS, current US$) rose 11.3% on 2023 (from US$173.49 billion to US$193.17 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +11.1% and a typical year strayed about 12.8% from that (the standard deviation). This year's change was 0.0 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.TDS.DECT.CD, 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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