Middle income's debt service on external debt, total (TDS, current US$) was US$1.28 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 92.52% from US$665.23 billion in 2014 (6.77% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$1.28 trillion | 2024 |
| Five years earlier | US$1.11 trillion | 2019 |
| Ten years earlier | US$665.23 billion | 2014 |
| Highest | US$1.42 trillion | 2023 |
| Lowest | US$8.24 billion | 1971 |
| Average since 2015 | US$1.06 trillion | 2015–2024 |
| First recorded | US$8.5 billion |
What the numbers say
In 2024, Middle income's debt service on external debt, total (TDS, current US$) fell 9.7% on 2023 (from US$1.42 trillion to US$1.28 trillion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +8.4% and a typical year strayed about 7.4% from that (the standard deviation). This year's change was 2.4 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 44.6% in 1978 and the biggest yearly fall was 9.7% in 2024. 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$69.4 billion a year. A straight line explains 92% 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.
A straight-line projection, tested first
Extending that straight line gives about US$1.59 trillion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was US$76.35 billion, against US$185.64 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
What this measures
Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 55 values
| Year | Debt service on external debt, total (TDS, current US$) |
|---|---|
| 2024 | 1,280,730,190,329 |
| 2023 | 1,418,249,987,739 |
| 2022 | 1,253,710,421,156 |
| 2021 | 1,131,923,703,339 |
| 2020 | 1,055,787,850,976 |
| 2019 | 1,106,731,305,479 |
| 2018 | 957,623,187,243 |
| 2017 | 875,761,516,270 |
| 2016 | 839,628,483,459 |
| 2015 | 720,869,290,618 |
Debt service on external debt, total (TDS, current US$) in nearby economies
- Afghanistan — US$67.6 million (2024)
- Algeria — US$444.97 million (2024)
- Djibouti — US$139.58 million (2024)
- Egypt, Arab Rep. — US$32.91 billion (2024)
- Iran, Islamic Rep. — US$362.02 million (2024)
- Iraq — US$3.42 billion (2024)
- Jordan — US$4.51 billion (2024)
- Lebanon — US$2.49 billion (2024)
- Morocco — US$8.9 billion (2024)
More economic policy & debt data for Middle income
- Charges for the use of intellectual property, payments (BoP, current US$) — US$117.46 billion (2025)
- Portfolio equity, net inflows (BoP, current US$) — US$9.23 billion (2025)
- Exports of goods and services (current US$) — US$10.34 trillion (2025)
- Exports of goods and services (% of GDP) — 25.31% (2025)
- Imports of goods and services (current US$) — US$9.88 trillion (2025)
- Imports of goods and services (% of GDP) — 24.2% (2025)
- External balance on goods and services (% of GDP) — 1.11% (2025)
- Trade (% of GDP) — 48.52% (2025)
- Agriculture, forestry, and fishing, value added (current US$)
Reading data like this
Questions people ask
- What is Middle income's debt service on external debt, total (TDS, current US$)?
- US$1.28 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 14,966% from US$8.5 billion in 1970 (9.73% a year on average, compounded). The highest value was US$1.42 trillion in 2023 and the lowest US$8.24 billion in 1971.
Source
World Bank, World Development Indicators, indicator DT.TDS.DECT.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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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