Panama - Short-term debt (% of total external debt)

Short-term debt (% of total external debt) in Panama was 32.77 as of 2020. Its highest value over the past 50 years was 59.78 in 2008, while its lowest value was 0.00 in 2002.

Definition: Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.

Source: World Bank, International Debt Statistics.

See also:

Year Value
1970 15.29
1971 15.24
1972 15.01
1973 15.04
1974 15.09
1975 15.12
1976 15.09
1977 17.81
1978 16.65
1979 18.85
1980 22.89
1981 25.05
1982 23.50
1983 23.94
1984 20.91
1985 23.62
1986 20.82
1987 22.34
1988 28.57
1989 32.65
1990 36.21
1991 38.20
1992 40.16
1993 43.77
1994 43.00
1995 35.83
1996 12.00
1997 7.67
1998 7.23
1999 6.46
2000 0.01
2001 0.01
2002 0.00
2003 0.00
2004 0.00
2005 0.00
2006 0.00
2007 0.00
2008 59.78
2009 51.06
2010 50.91
2011 50.09
2012 50.28
2013 51.74
2014 49.45
2015 49.51
2016 48.41
2017 41.28
2018 38.79
2019 34.29
2020 32.77

Development Relevance: External debt is that part of the total debt in a country that is owed to creditors outside the country. The debtors can be the government, corporations or private households. The debt includes money owed to private commercial banks, other governments, or international financial institutions. 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. Various indicators determine a sustainable level of external debt, including: a) debt to GDP ratio b) foreign debt to exports ratio c) government debt to current fiscal revenue ratio d) share of foreign debt e) short-term debt f) concessional debt in the total debt stock

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: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt