Ethiopia - External debt stocks, short-term (DOD, current US$)

The latest value for External debt stocks, short-term (DOD, current US$) in Ethiopia was $409,163,600 as of 2020. Over the past 50 years, the value for this indicator has fluctuated between $927,483,300 in 2016 and $17,414 in 1974.

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 $352,000
1971 $423,261
1972 $746,895
1973 $27,902
1974 $17,414
1975 $106,348
1976 $530,477
1977 $53,399,930
1978 $52,279,000
1979 $64,670,300
1980 $56,515,000
1981 $58,626,820
1982 $67,871,220
1983 $62,740,590
1984 $67,730,470
1985 $77,340,840
1986 $83,289,000
1987 $97,561,590
1988 $133,608,300
1989 $111,754,500
1990 $145,405,200
1991 $275,744,700
1992 $318,646,800
1993 $368,129,100
1994 $423,921,400
1995 $460,656,400
1996 $501,862,500
1997 $565,772,600
1998 $626,004,000
1999 $87,447,450
2000 $85,825,760
2001 $53,672,140
2002 $56,914,710
2003 $64,119,570
2004 $72,814,020
2005 $127,913,100
2006 $62,994,570
2007 $66,179,230
2008 $57,979,890
2009 $229,000,700
2010 $302,080,300
2011 $180,990,500
2012 $36,090,020
2013 $203,836,200
2014 $291,806,700
2015 $549,955,200
2016 $927,483,300
2017 $634,011,700
2018 $749,853,600
2019 $480,238,400
2020 $409,163,600

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