Dem. Rep. Congo - External debt stocks, short-term (DOD, current US$)

The latest value for External debt stocks, short-term (DOD, current US$) in Dem. Rep. Congo was $131,116,100 as of 2020. Over the past 50 years, the value for this indicator has fluctuated between $3,562,104,000 in 1998 and $34,000,000 in 1970.

Definition: Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Data are in current U.S. dollars.

Source: World Bank, International Debt Statistics.

See also:

Year Value
1970 $34,000,000
1971 $40,000,000
1972 $66,000,000
1973 $102,126,800
1974 $154,806,900
1975 $226,453,100
1976 $328,304,300
1977 $388,983,200
1978 $482,874,500
1979 $550,544,800
1980 $325,726,400
1981 $392,186,000
1982 $462,963,500
1983 $280,414,200
1984 $330,725,000
1985 $405,485,400
1986 $417,477,400
1987 $583,669,100
1988 $834,344,400
1989 $645,386,600
1990 $743,510,800
1991 $1,082,342,000
1992 $1,556,329,000
1993 $2,036,798,000
1994 $2,547,855,000
1995 $3,116,152,000
1996 $3,119,016,000
1997 $3,299,718,000
1998 $3,562,104,000
1999 $3,371,012,000
2000 $3,428,735,000
2001 $3,548,015,000
2002 $525,705,800
2003 $466,613,900
2004 $463,609,200
2005 $374,038,000
2006 $506,993,500
2007 $616,905,900
2008 $653,672,500
2009 $618,927,600
2010 $435,007,000
2011 $223,921,600
2012 $258,493,900
2013 $441,813,400
2014 $182,831,600
2015 $164,999,900
2016 $214,896,000
2017 $126,013,700
2018 $93,630,600
2019 $208,935,900
2020 $131,116,100

Development Relevance: External indebtedness affects a country's creditworthiness and investor perceptions. Nonreporting countries might have outstanding debt with the World Bank, other international financial institutions, or private creditors. Total debt service is contrasted with countries' ability to obtain foreign exchange through exports of goods, services, primary income, and workers' remittances. Debt ratios are used to assess the sustainability of a country's debt service obligations, but no absolute rules determine what values are too high. Empirical analysis of developing countries' experience and debt service performance shows that debt service difficulties become increasingly likely when the present value of debt reaches 200 percent of exports. Still, what constitutes a sustainable debt burden varies by country. Countries with fast-growing economies and exports are likely to be able to sustain higher debt levels.

Statistical Concept and Methodology: Data on external debt are gathered through the World Bank's Debtor Reporting System (DRS). Long term debt data are compiled using the countries report on public and publicly guaranteed borrowing on a loan-by-loan basis and private non guaranteed borrowing on an aggregate basis. These data are supplemented by information from major multilateral banks and official lending agencies in major creditor countries. Short-term debt data are gathered from the Quarterly External Debt Statistics (QEDS) database, jointly developed by the World Bank and the IMF and from creditors through the reporting systems of the Bank for International Settlements. Debt data are reported in the currency of repayment and compiled and published in U.S. dollars. End-of-period exchange rates are used for the compilation of stock figures (amount of debt outstanding), and projected debt service and annual average exchange rates are used for the flows. Exchange rates are taken from the IMF's International Financial Statistics. Debt repayable in multiple currencies, goods, or services and debt with a provision for maintenance of the value of the currency of repayment are shown at book value.

Aggregation method: Sum

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt