What are external debt stocks?

External debt stocks, total (DOD, current US$) Short definition. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. It is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, short-term debt, and use of IMF credit. Data are in current U.S. dollars.

What is external debt to GDP?

External Debt (% of GDP) External debt as percentage of Gross Domestic Product (GDP) is the ratio between the debt a country owes to non-resident creditors and its nominal GDP. External debt is also referred to as foreign debt.

Which country has largest external debt?


Rank Country/Region External debt US dollars
1 United States 2.29×1013
2 United Kingdom 9.019×1012
3 France 7.3239×1012
4 Germany 5.7358032×1012

What is PPG debt?

Definition: Public and publicly guaranteed debt comprises long-term external obligations of public debtors, including the national government, Public Corporations, State Owned Enterprises, Development Banks and Other Mixed Enterprises, political subdivisions (or an agency of either), autonomous public bodies, and …

Is external debt good or bad?

The most crucial disadvantage of external debt is that it often leads to a vicious cycle of debt for countries. The debt cycle refers to the cycle of continuous borrowing, accumulating payment burden, and eventual default. When a government’s expenditure exceeds how much it earns in a year, it faces a fiscal deficit.

Why is external debt a problem?

How foreign debt can become a problem. Servicing external debt (paying debt interest payments) ceteris paribus, reduces GDP because the monetary payments flow out of the country. These debt payments reduce the amount available to invest in improving public services, which can help economic development.

What is publicly guaranteed debt?

Publicly guaranteed debt is an external obligation of a private debtor that is guaranteed for repayment by a public entity.

What are the disadvantages of external debt?

Is it bad to have external debt?

Excessive levels of foreign debt can hamper countries’ ability to invest in their economic future—whether it be via infrastructure, education, or health care—as their limited revenue goes to servicing their loans. This thwarts long-term economic growth.

What country has the most debt 2021?

Japan, with its population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP, followed by Greece at 181.78%….Debt to GDP Ratio by Country 2021.

Name National Debt to GDP Ratio Population
Cape Verde 125.29% 561,898
Mozambique 124.46% 32,163,047
Portugal 119.46% 10,167,925
Barbados 117.27% 287,711

What country has the most external debt?

The countries with the highest External Debt per Capita are Luxembourg, Monaco, Ireland, Iceland, Singapore with a(n) External Debt per Capita of (5,765,370), (561,080), (458,278), (325,688), (219,296) $ respectively.

What is an external debt?

What is ‘External Debt’. External debt is the portion of a country’s debt that was borrowed from foreign lenders including commercial banks, governments or international financial institutions. These loans, including interest, must usually be paid in the currency in which the loan was made.

What is the external debt reporting system (DRS)?

What is the External Debt Reporting System (DRS)? The World Bank Debtor Reporting System (DRS) was established in 1951. The DRS system captures detailed information at loan level for external borrowing of reporting countries using standardized set of forms.

How much debt is the world in?

Governments, companies and households raised $24 trillion last year to offset the pandemic’s economic toll, bringing the global debt total to an all-time high of $281 trillion by the end of 2020, or more than 355% of global GDP, according to the Institute of International Finance.