Europe & Central Asia (IDA & IBRD): Short-term debt (% of exports of goods, services and primary income)

Key figures

What the numbers say

In 2022, Europe & Central Asia (IDA & IBRD)'s short-term debt (% of exports of goods, services and primary income) fell 0.6 percentage points on 2021 (from 20.13% to 19.53%).

Across the 27 yearly changes before that (1995 to 2021), the average change was +0.11 percentage points and a typical year strayed about 3.7 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below 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 7.25 percentage points in 1998 and the biggest yearly fall was 7.8 percentage points in 2008. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2013 to 2022 there is no clear straight-line trend: a straight line explains 24% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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

What this measures

Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.

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

All 29 values

Short-term debt (% of exports of goods, services and primary income) in nearby economies

• Afghanistan — 25.35% (2020)
• Algeria — 3.16% (2024)
• Djibouti — 9.38% (2024)
• Egypt, Arab Rep. — 46.27% (2024)
• Iraq — 0.63% (2024)
• Jordan — 72.1% (2024)
• Lebanon — 135.85% (2023)
• Morocco — 10.86% (2024)
• Pakistan

More economic policy & debt data for Europe & Central Asia (IDA & IBRD)

• Foreign direct investment, net inflows (BoP, current US$) — US$82.98 billion (2025)
• Foreign direct investment, net outflows (BoP, current US$) — US$19.58 billion (2025)
• Portfolio equity, net inflows (BoP, current US$) — −US$186.92 million (2025)
• Net financial flows, IBRD (NFL, current US$) — US$5.92 billion (2024)
• Net financial flows, IDA (NFL, current US$) — US$5.2 billion (2024)
• IFC, private nonguaranteed (NFL, current US$) — US$960.06 million (2024)
• Net bilateral aid flows from DAC donors, Austria (current US$) — US$227.32 million (2022)

Reading data like this

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Questions people ask

What is Europe & Central Asia (IDA & IBRD)'s short-term debt (% of exports of goods, services and primary income)?

19.53% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1994?

It is up 2.5 percentage points from 17.03% in 1994. The highest value was 26.26% in 2020 and the lowest 14.14% in 1997.

Is the latest change in short-term debt (% of exports of goods, services and primary income) unusual for Europe & Central Asia (IDA & IBRD)?

In 2022, Europe & Central Asia (IDA & IBRD)'s short-term debt (% of exports of goods, services and primary income) fell 0.6 percentage points on 2021 (from 20.13% to 19.53%). Across the 27 yearly changes before that (1995 to 2021), the average change was +0.11 percentage points and a typical year strayed about 3.7 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below 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.XP.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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