South Asia's multilateral debt service (TDS, current US$) was US$14.66 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 215.22% from US$4.65 billion in 2014 (12.17% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$14.66 billion | 2024 |
| Five years earlier | US$7.63 billion | 2019 |
| Ten years earlier | US$4.65 billion | 2014 |
| Highest | US$14.66 billion | 2024 |
| Lowest | US$95.19 million | 1971 |
| Average since 2015 | US$8.01 billion | 2015–2024 |
| First recorded | US$150.04 million |
What the numbers say
In 2024, South Asia's multilateral debt service (TDS, current US$) rose 20.8% on 2023 (from US$12.14 billion to US$14.66 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +10.1% and a typical year strayed about 31% from that (the standard deviation). This year's change was 0.3 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 146.8% in 2002 and the biggest yearly fall was 55.2% in 2004. 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$906.52 million a year. A straight line explains 79% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
What this measures
Public and publicly guaranteed multilateral loans include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Debt service payments are the sum of principal repayments and interest payments actually made in the year specified. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 55 values
| Year | Multilateral debt service (TDS, current US$) |
|---|---|
| 2024 | 14,664,071,499 |
| 2023 | 12,140,994,204 |
| 2022 | 8,287,197,499 |
| 2021 | 7,369,336,470 |
| 2020 | 7,279,658,148 |
| 2019 | 7,627,569,090 |
| 2018 | 6,641,194,916 |
| 2017 | 5,840,839,715 |
| 2016 | 5,434,410,450 |
| 2015 | 4,823,883,118 |
Multilateral debt service (TDS, current US$) in nearby economies
- Afghanistan — US$35.06 million (2024)
- Algeria — US$78.49 million (2024)
- Djibouti — US$51.77 million (2024)
- Egypt, Arab Rep. — US$7.84 billion (2024)
- Iran, Islamic Rep. — US$10.8 million (2024)
- Iraq — US$565.88 million (2024)
- Jordan — US$794.42 million (2024)
- Lebanon — US$176.4 million (2024)
- Morocco — US$2.38 billion (2024)
- Pakistan — US$3.27 billion (2024)
More economic policy & debt data for South Asia
- General government final consumption expenditure (current US$) — US$465.69 billion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$375.66 billion (2025)
- General government final consumption expenditure (% of GDP) — 10.17% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$2.69 trillion (2025)
- Households and NPISHs final consumption expenditure (constant 2015 US$) — US$2.54 trillion (2025)
- Households and NPISHs final consumption expenditure per capita (constant 2015 US$) — US$1,504 (2025)
- Households and NPISHs final consumption expenditure (% of GDP) — 58.74% (2025)
- Final consumption expenditure (current US$)
Reading data like this
Questions people ask
- What is South Asia's multilateral debt service (TDS, current US$)?
- US$14.66 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 9,674% from US$150.04 million in 1970 (8.86% a year on average, compounded). The highest value was US$14.66 billion in 2024 and the lowest US$95.19 million in 1971.
- Is the latest change in multilateral debt service (TDS, current US$) unusual for South Asia?
- In 2024, South Asia's multilateral debt service (TDS, current US$) rose 20.8% on 2023 (from US$12.14 billion to US$14.66 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +10.1% and a typical year strayed about 31% from that (the standard deviation). This year's change was 0.3 standard deviations above 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.MLAT.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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