Europe & Central Asia (IDA & IBRD)'s total debt service (% of GNI) was 5.51% in 2024, the latest year in the World Bank's World Development Indicators. That is down 0.7 percentage points from 6.21% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 5.51% | 2024 |
| Five years earlier | 8.35% | 2019 |
| Ten years earlier | 6.21% | 2014 |
| Highest | 9.48% | 2020 |
| Lowest | 0.73% | 1974 |
| Average since 2015 | 7.77% | 2015–2024 |
| First recorded | 1% | 1970 |
What the numbers say
In 2024, Europe & Central Asia (IDA & IBRD)'s total debt service (% of GNI) fell 0.29 percentage points on 2023 (from 5.8% to 5.51%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +0.14 percentage points and a typical year strayed about 1.25 percentage points from that (the standard deviation). This year's change was 0.3 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 2.78 percentage points in 2015 and the biggest yearly fall was 2.35 percentage points in 2010. 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 0.37 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
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 51 values
| Year | Total debt service (% of GNI) |
|---|---|
| 2024 | 5.51 |
| 2023 | 5.8 |
| 2022 | 6.66 |
| 2021 | 7.41 |
| 2020 | 9.48 |
| 2019 | 8.35 |
| 2018 | 8.91 |
| 2017 | 7.95 |
| 2016 | 8.69 |
| 2015 | 8.98 |
| 2014 |
Total debt service (% of GNI) in nearby economies
- Afghanistan — 0.38% (2024)
- Algeria — 0.17% (2024)
- Djibouti — 3.27% (2024)
- Egypt, Arab Rep. — 8.86% (2024)
- Iran, Islamic Rep. — 0.08% (2024)
- Iraq — 1.22% (2024)
- Jordan — 7.85% (2024)
- Lebanon — 9.68% (2024)
- Morocco — 5.63% (2024)
- Pakistan — 4.5% (2024)
- Syrian Arab Republic — 0.05% (2022)
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
Questions people ask
- What is Europe & Central Asia (IDA & IBRD)'s total debt service (% of GNI)?
- 5.51% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 4.51 percentage points from 1% in 1970. The highest value was 9.48% in 2020 and the lowest 0.73% in 1974.
- Is the latest change in total debt service (% of GNI) unusual for Europe & Central Asia (IDA & IBRD)?
- In 2024, Europe & Central Asia (IDA & IBRD)'s total debt service (% of GNI) fell 0.29 percentage points on 2023 (from 5.8% to 5.51%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.14 percentage points and a typical year strayed about 1.25 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
- Where does this data come from?
- The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB).
Source
World Bank, World Development Indicators, indicator DT.TDS.DECT.GN.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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