Europe & Central Asia (IDA & IBRD): Short-term debt (% of total reserves)

Key figures

What the numbers say

In 2022, Europe & Central Asia (IDA & IBRD)'s short-term debt (% of total reserves) rose 3.49 percentage points on 2021 (from 28.16% to 31.65%).

Across the 23 yearly changes before that (1971 to 2021), the average change was −6.25 percentage points and a typical year strayed about 16.46 percentage points from that (the standard deviation). This year's change was 0.6 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 9.08 percentage points in 1974 and the biggest yearly fall was 57.99 percentage points in 1971. 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 the straight-line trend is downward, about 1.36 percentage points a year. A straight line explains 66% 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

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.

Limitations: The DRS encourages debtor countries to voluntarily provide information on their short-term external obligations. By its nature, short-term external debt is difficult to monitor: loan-by-loan registration is normally impractical, and monitoring systems typically rely on information requested periodically by the central bank from the banking sector. The World Bank regards the debtor country as the authoritative source of information on its short-term debt. Where such information is not available from the debtor country, data are derived from BIS data on international bank lending based on time remaining to original maturity.

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

All 28 values

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

• Afghanistan — 4.46% (2020)
• Algeria — 2.12% (2024)
• Djibouti — 148.57% (2024)
• Egypt, Arab Rep. — 69% (2024)
• Iraq — 0.72% (2024)
• Jordan — 81.58% (2024)
• Lebanon — 57.19% (2024)
• Morocco — 20.21% (2024)
• Pakistan — 52.2% (2024)
• Tunisia — 170.49% (2024)
• Yemen, Rep.

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 total reserves)?

31.65% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1970?

It is down 146.63 percentage points from 178.28% in 1970. The highest value was 178.28% in 1970 and the lowest 27.71% in 2020.

Is the latest change in short-term debt (% of total reserves) unusual for Europe & Central Asia (IDA & IBRD)?

In 2022, Europe & Central Asia (IDA & IBRD)'s short-term debt (% of total reserves) rose 3.49 percentage points on 2021 (from 28.16% to 31.65%). Across the 23 yearly changes before that (1971 to 2021), the average change was −6.25 percentage points and a typical year strayed about 16.46 percentage points from that (the standard deviation). This year's change was 0.6 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.IR.ZS, licensed CC BY 4.0. Original source: World Development Indicators, World Bank (WB); International Monetary Fund (IMF), type: Balance of Payments Statistics Yearbook and data files; World Bank (WB), type: GDP estimates; Organisation for Economic Co-operation and Development (OECD), type: GDP estimates 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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