Economic Policy & Debt · Lower middle income
Yearly data from 1970 to 2024, from the World Bank.
Lower middle income's external debt stocks, long-term (DOD, current US$) was US$1.83 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 76.73% from US$1.03 trillion in 2014 (5.86% a year on average, compounded).
| Value | Year | |
|---|---|---|
| Latest | US$1.83 trillion | 2024 |
| Five years earlier | US$1.5 trillion | 2019 |
| Ten years earlier | US$1.03 trillion | 2014 |
| Highest | US$1.83 trillion | 2024 |
| Lowest | US$21.29 billion | 1970 |
| Average since 2015 | US$1.5 trillion | 2015–2024 |
| First recorded | US$21.29 billion | 1970 |
Over five years it is up 21.68% from US$1.5 trillion in 2019 (4% a year on average, compounded). Since 1970 it is up 8,478% from US$21.29 billion in 1970 (8.59% a year on average, compounded).
In 2024, Lower middle income's external debt stocks, long-term (DOD, current US$) rose 3.1% on 2023 (from US$1.77 trillion to US$1.83 trillion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +5.5% and a typical year strayed about 5.1% from that (the standard deviation). This year's change was 0.5 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 25.6% in 1977 and the biggest yearly fall was 6.5% in 2005. 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$81.75 billion a year. A straight line explains 97% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
Long-term debt is debt that has an original or extended maturity of more than one year. It has three components: public, publicly guaranteed, and private nonguaranteed debt. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
| Year | External debt stocks, long-term (DOD, current US$) |
|---|---|
| 2024 | 1,825,979,107,618 |
| 2023 | 1,770,628,058,912 |
| 2022 | 1,676,777,828,753 |
| 2021 | 1,672,133,901,314 |
| 2020 | 1,604,442,702,290 |
| 2019 | 1,500,609,231,803 |
| 2018 | 1,391,370,641,296 |
| 2017 | 1,302,106,863,056 |
| 2016 | 1,154,859,598,801 |
| 2015 | 1,119,427,688,908 |
| 2014 | 1,033,203,343,279 |
| 2013 | 944,520,654,804 |
| 2012 | 837,563,404,830 |
| 2011 | 757,247,096,318 |
| 2010 | 690,847,559,302 |
| 2009 | 626,464,919,158 |
| 2008 | 574,032,590,703 |
| 2007 | 518,231,347,936 |
| 2006 | 461,613,449,600 |
| 2005 | 466,027,956,197 |
| 2004 | 498,265,310,734 |
| 2003 | 479,865,812,731 |
| 2002 | 442,316,385,959 |
| 2001 | 413,644,347,466 |
| 2000 | 418,519,531,360 |
| 1999 | 424,974,691,394 |
| 1998 | 417,805,512,155 |
| 1997 | 388,741,931,683 |
| 1996 | 395,009,500,474 |
| 1995 | 402,093,868,674 |
| 1994 | 395,804,437,090 |
| 1993 | 367,540,995,778 |
| 1992 | 351,496,759,675 |
| 1991 | 350,630,855,969 |
| 1990 | 339,864,278,529 |
| 1989 | 316,776,857,327 |
| 1988 | 278,723,849,898 |
| 1987 | 266,631,150,165 |
| 1986 | 221,044,915,672 |
| 1985 | 185,226,340,409 |
| 1984 | 158,699,534,492 |
| 1983 | 151,964,204,885 |
| 1982 | 136,553,768,037 |
| 1981 | 118,486,002,370 |
| 1980 | 105,736,663,588 |
| 1979 | 87,320,718,042 |
| 1978 | 75,563,253,218 |
| 1977 | 62,158,379,390 |
| 1976 | 49,473,224,846 |
| 1975 | 42,827,812,804 |
| 1974 | 35,669,590,135 |
| 1973 | 30,926,744,555 |
| 1972 | 26,952,835,224 |
| 1971 | 24,811,607,282 |
| 1970 | 21,287,157,211 |
Every indicator for Lower middle income is on the Lower middle income data page.
World Bank, World Development Indicators, indicator DT.DOD.DLXF.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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