Europe & Central Asia (excluding high income): Total debt service (% of exports of goods, services and primary income)

Key figures

What the numbers say

In 2024, Europe & Central Asia (excluding high income)'s total debt service (% of exports of goods, services and primary income) rose 1.42 percentage points on 2023 (from 21.61% to 23.03%).

Across the 29 yearly changes before that (1995 to 2023), the average change was +0.16 percentage points and a typical year strayed about 4.31 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 8.91 percentage points in 2009 and the biggest yearly fall was 10.63 percentage points in 2021. 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 1.17 percentage points a year. A straight line explains 62% 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 to exports of goods, services and primary income. 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.

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

All 31 values

Total debt service (% of exports of goods, services and primary income) in nearby economies

• Afghanistan — 2.67% (2020)
• Algeria — 0.8% (2024)
• Djibouti — 2.53% (2024)
• Egypt, Arab Rep. — 49.23% (2024)
• Iran, Islamic Rep. — 0.28% (2024)
• Iraq — 2.96% (2024)
• Jordan — 18.15% (2024)
• Lebanon — 21.05% (2024)
• Morocco

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)

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Questions people ask

What is Europe & Central Asia (excluding high income)'s total debt service (% of exports of goods, services and primary income)?

23.03% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1994?

It is up 6.1 percentage points from 16.93% in 1994. The highest value was 33.22% in 2020 and the lowest 14.1% in 1996.

Is the latest change in total debt service (% of exports of goods, services and primary income) unusual for Europe & Central Asia (excluding high income)?

In 2024, Europe & Central Asia (excluding high income)'s total debt service (% of exports of goods, services and primary income) rose 1.42 percentage points on 2023 (from 21.61% to 23.03%). Across the 29 yearly changes before that (1995 to 2023), the average change was +0.16 percentage points and a typical year strayed about 4.31 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.TDS.DECT.EX.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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