International

Debt Statistics
2014

International
Debt Statistics
2014

© 2014 International Bank for Reconstruction and Development / The World Bank
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ISBN (paper): 978-1-4648-0051-1
ISBN (electronic): 978-1-4648-0052-8
DOI: 10.1596/978-1-4648-0051-1
ISSN (paper): 2310-2667
ISSN (electronic): 2310-2675
Cover design: Jomo Tariku, World Bank
Cover image: original artwork by Jomo Tariku, World Bank

Table of Contents

Preface

vii

Acknowledgments

ix

User Guide to Tables

xi

User Guide to IDS Online Tables
How to Access IDS Online Country
Tables
Indicators
How to Use the Databank

xiii
xiii
xv
xvii

Overview
I. Trends in External Debt Stocks and Flows
Aggregate Net Flows to Developing Countries
Regional Trends
East Asia and Pacific
Europe and Central Asia
Latin America and the Caribbean
Middle East and North Africa
South Asia
Sub-Saharan Africa
II. Quarterly External Debt Statistics
III. Public Sector Debt

1
2
5
8
8
10
12
14
16
18
20
22

Summary Tables

25

Aggregate Tables

33

Country Tables
Afghanistan
Albania
Algeria
Angola
Argentina
Armenia
Azerbaijan
Bangladesh

43
45
46
47
48
49
50
51
52

Belarus
Belize
Benin
Bhutan
Bolivia, Plurinational State of
Bosnia and Herzegovina
Botswana
Brazil
Bulgaria
Burkina Faso
Burundi
Cambodia
Cameroon
Cape Verde
Central African Republic
Chad
China
Colombia
Comoros
Congo, Democratic Republic of
Congo, Republic of
Costa Rica
Côte d’Ivoire
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt, Arab Republic of
El Salvador
Eritrea
Ethiopia
Fiji
Gabon
Gambia, The
Georgia
Ghana
Grenada
Guatemala

v

53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90

I N T E R N A T I O N A L

D E B T

S T A T I S T I C S

2 0 1 4

Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
Hungary
India
Indonesia
Iran, Islamic Republic of
Jamaica
Jordan
Kazakhstan
Kenya
Kosovo
Kyrgyz Republic
Lao People’s Democratic Republic
Lebanon
Lesotho
Liberia
Macedonia, FYR
Madagascar
Malawi
Malaysia
Maldives
Mali
Mauritania
Mauritius
Mexico
Moldova
Mongolia
Montenegro
Morocco
Mozambique
Myanmar
Nepal
Nicaragua
Niger
Nigeria
Pakistan
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Romania

91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135

vi

Rwanda
Samoa
São Tomé and Príncipe
Senegal
Serbia
Seychelles
Sierra Leone
Solomon Islands
Somalia
South Africa
Sri Lanka
St. Lucia
St. Vincent and the Grenadines
Sudan
Swaziland
Syrian Arab Republic
Tajikistan
Tanzania
Thailand
Togo
Tonga
Tunisia
Turkey
Turkmenistan
Uganda
Ukraine
Uzbekistan
Vanuatu
Venezuela, República Bolivariana de
Vietnam
Yemen, Republic of
Zambia
Zimbabwe

136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168

About the Data

169

Data Sources and Methodology
Data Sources
Methodology
External Debt and Its Components
Sources of the Macroeconomic Indicators
Country Groups
Glossary
Debt Reporting System (DRS)
Quarterly Debt Statistics

171
171
172
174
177
179
181
181
185

Preface

T

his year’s edition of International Debt
Statistics, successor to Global Development Finance and World Debt Tables, and the
second in the series, is designed to respond to
user demand for timely, comprehensive data on
trends in external debt in developing countries.
It also provides summary information on the external debt of high-income countries and public
(domestic and external) debt for a select group of
countries.
The World Bank’s Debtor Reporting System
(DRS), from which the aggregates and country
tables presented in this report are drawn, was
established in 1951. World Debt Tables, the
first publication that included DRS external debt
data, appeared in 1973 and gained increased
attention during the debt crisis of the 1980s. Since
then, the publication and data have undergone
numerous revisions and iterations to address the
challenges and demands posed by the global economic conditions.
Presentation and access to data have been
refined to improve the user experience. The printed
edition of International Debt Statistics 2014 now
provides a summary overview and a select set of

indicators, while an expanded dataset is available
online (datatopics.worldbank.org/debt/ids).
By providing comprehensive and timely data
that reflects the latest additions and revisions,
and by expanding the scope of the data available
online, we aim to serve the needs of our users
and to reach a wider audience. Improvements
in data dissemination are matched with ongoing
efforts to improve the quality and timeliness of
data collection. In partnership with the major
providers of debt data management systems
to developing countries, the Commonwealth
Secretariat (COMSEC) and the United Nations
C o n f e r e n c e o n Tr a d e a n d D e v e l o p m e n t
(UNCTAD), we are working toward an established standard code and system links that will
enable countries to provide their DRS reports
electronically, in a seamless and automated data
exchange process.
As these changes take place, we welcome your
feedback and suggestions for further improvements at data@worldbank.org.
Haishan Fu
Director, Development Data Group

vii

Acknowledgments

T

his volume was prepared by the Financial
Data Team of the Development Data Group
(DECDG), led by Ibrahim Levent under the management of Neil Fantom, and comprising Wendy
Huang, Hiroko Maeda, Patricia Olmedo, Iulian
Pogor, Malvina Pollock, Evis Rucaj, Rubena Sukaj,
Sun Hwa Song, Maryna Taran, Rasiel Vellos, and
Alagiriswamy Venkatesan, who worked closely
with other teams in DECDG. The team was assisted by Elysee Kiti. The overview of current
developments was prepared by Malvina Pollock,
Evis Rucaj, and Rasiel Vellos in consultation with
the staff of DECDG; country economists reviewed
the data tables. The work was carried out under the
direction of Grant Cameron and Haishan Fu. Valuable advice was provided by the Operations and
Strategy unit of the Vice Presidency.

The production of this volume was managed by
Azita Amjadi. The online database was prepared by
Shelley Fu and William Prince. International Debt
Statistics electronic products were prepared by a
team led by Malarvizhi Veerappan under the supervision of Soong Sup Lee and comprising Ying Chi,
Rajesh Danda, Jean-Pierre Djomalieu, Ramgopal
Erabelly, Shelley Fu, Omar Hadi, Gytis Kanchas,
Siddhesh Kaushik, Ugendran Machakkalai,
Nacer Megherbi, Shanmugam Natarajan,
Parastoo Oloumi, Manish Rathore, Ganeshkumar
Sathiyamoorthy, Ashish Shah, and Atsushi Shimo.
The cover was designed by Jomo Tariku. Denise
Bergeron, Susan Graham, and Stephen McGroarty
from the Publishing and Knowledge Division of the
World Bank coordinated the publication and dissemination of the book.

ix

User Guide to Tables

I

nternational Debt Statistics 2014 focuses on financial flows, trends in external debt, and other major
financial indicators for developing and advanced
economies. The report includes more than 200 time
series indicators from 1970 to 2012 for most reporting countries. This edition of International Debt
Statistics (IDS) has been reconfigured to offer a more
condensed presentation of the principal indicators,
along with additional tables showcasing Quarterly
External Debt Statistics and Public Sector Debt.

Tables
Summary and Aggregate Tables
The summary tables are labeled by the type of data
presented for 2012: present value of debt and public and publicly guaranteed debt by multilateral
creditors. The aggregate tables are labeled by region
name. Data are shown for all developing countries
and six regional groups (East Asia and Pacific,
Europe and Central Asia, Latin America and the
Caribbean, Middle East and North Africa, South
Asia, and Sub-Saharan Africa).

Country Tables
Country tables are labeled by country name and
ordered alphabetically. Data are shown for 124
developing countries that report public and publicly guaranteed external debt to the World Bank’s
Debtor Reporting System (DRS). The tables also
include key debt ratios and the composition of
external debt stocks and flows for each country.
Each table shows a time series with the most
recent six years, as well as 2000 and 2005 as companion years. Full time series data is available
for all countries in the World Bank’s Open Data
website (http://data.worldbank.org/data-catalog
/international-debt-statistics).

Statistics
The general cutoff date for countries to report data
for this publication is end-September 2013. The
economic aggregates presented in the tables are
prepared for the convenience of users. Although
debt ratios can give useful information about
developments in a debt-servicing capacity, conclusions drawn from them will not be valid unless
accompanied by careful economic evaluation.
The macroeconomic data provided are collected
from national statistical organizations, but in some
cases may be subject to a considerable margin of
error. The usual care must be taken in interpreting the
ratios, particularly for the most recent years, because
figures may be preliminary and subject to revision.
Notes at the bottom of each country table
summarize major events that have taken place in
the country in recent years; describe the sources
of information for short-term and private nonguaranteed external debt if the reports were not
provided by the country; and highlight main issues
in the data collection process. Unless otherwise
specified, data on long-term public and publicly
guaranteed external debt for 2012 are based on
reports provided by the country.
More detailed information on data sources,
methodology, and compilation is provided in the
About the Data section at the back of this book.

Aggregate
gg g
Measures for Income
Groups and Regions
Aggregate measures for income groups and
regions include the 124 developing countries that
report public and publicly guaranteed external
debt to the World Bank’s DRS, whenever data are
available. The aggregate “All developing countries” is the sum of data for 124 countries.

xi

I N T E R N A T I O N A L

D E B T

S T A T I S T I C S

2 0 1 4

Classification of Economies
For operational and analytical purposes, the
World Bank’s main criterion for classifying economies is gross national income (GNI) per capita
(calculated by the World Bank Atlas method).
Every economy is classified as low income, middle
income, or high income. Low- and middle-income
countries are sometimes referred to as developing countries. The term is used for convenience;
it is not intended to imply that all countries in
the group are experiencing similar development
or that other economies have reached a preferred
or final stage of development. Because GNI per
capita changes over time, the country composition
of income groups may change from one edition
of International Debt Statistics to the next. Once

xii

the classification is fixed for an edition, based on
GNI per capita in the most recent year for which
data are available, all historical data presented are
based on the same country grouping.

Symbols
0 or 0.0 means zero or small enough that the
number would round to zero at the displayed
number of decimal places.
.. means that data are not available or that aggregates cannot be calculated because of missing
data in the years shown.
$ indicates current U.S. dollars unless otherwise
specified.

User Guide to IDS Online Tables

T

he extended version of country tables that were previously available in the International Debt Statistics print edition is now available online. Using an automated query process, these reference tables
will be updated based on the revisions to the International Debt Statistics database.
Users can access all the online tables, download the PDF version of the publication, view the report as
an eBook on ISSUU, as well as access the database and download the archived editions of the publication
by going to http://data.worldbank.org/products/ids.

How to Access IDS Online Country Tables
To access the IDS online tables, visit http://datatopics.worldbank.org/debt/ids and select from “Country,”
“Region,” or “Topic” options.

xiii

I N T E R N A T I O N A L

D E B T

S T A T I S T I C S

2 0 1 4

To access a specific country table directly without going through the above landing page, use the
URL http://datatopics.worldbank.org/debt/ids/ and the country name (for example, http://datatopics
.worldbank.org/debt/ids/country/argentina to view the table for Argentina). Similarly, to view the
regional table, click on the “Region” tab and select one of the listed regions (for example http://datatopics
.worldbank.org/debt/ids/region/south-asia to view the table for South Asia).

xiv

U S E R

G U I D E

T O

I D S

O N L I N E

Indicators
The indicator codes for each indicator that appears online and in the publication are listed below. To view
a specific indicator online, go to http://data.worldbank.org/indicator/ and add the indicator code at the
end of the url; for example, to view a page for total debt stocks, this line should be in your browser:
http://data.worldbank.org/indicator/DT.DOD.DECT.CD

1. SUMMARY EXTERNAL DEBT DATA

External debt stocks
Long-term external debt

DT.DOD.DECT.CD

External debt flows

DT.DOD.DLXF.CD

Disbursements

DT.DIS.DLTF.CD

Public and publicly guaranteed

DT.DOD.DPPG.CD

Long-term external debt

DT.DIS.DLXF.CD

Private nonguaranteed

DT.DOD.DPNG.CD

IMF purchases

DT.DIS.DIMF.CD

Use of IMF credit

DT.DOD.DIMF.CD

Short-term debt

DT.DOD.DSTC.CD

Long-term external debt

DT.AMT.DLXF.CD

DT.IXA.DPPG.CD

IMF repurchases

DT.AMT.DIMF.CD

interest arrears on long-term

Principal repayments

DT.AMT.DLTF.CD

Net flows
Memorandum items

DT.NFL.DECT.CD

Long-term external debt

DT.NFL.DLXF.CD

Short-term external debt

DT.NFL.DSTC.CD

Principal arrears on long-term

DT.AXA.DPPG.CD

Long-term public sector debt

DT.DOD.DPPG.CD

Long-term external debt

DT.INT.DLXF.CD

Long-term private sector debt

DT.DOD.PRVS.CD

IMF charges

DT.INT.DIMF.CD

Short-term external debt

DT.INT.DSTC.CD

Public & publicly guaranteed commitments DT.COM.DPPG.CD

Interest payments (INT)

2. OTHER NON-DEBT RESOURCE FLOWS

DT.INT.DECT.CD

5. MAJOR ECONOMIC AGGREGATES

Foreign direct investment (net)

BX.KLT.DINV.CD.WD

Gross national income (GNI)

NY.GNP.MKTP.CD

Portfolio equity flows

BX.PEF.TOTL.CD.WD

Exports of goods, services, and primary
income

BX.GSR.TOTL.CD

Personal transfers and compensation of
employees

BX.TRF.PWKR.CD.DT
BM.GSR.TOTL.CD

3. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY
GUARANTEED DEBT (%)

Euro

DT.CUR.EURO.ZS

Imports of goods, services and primary
income

Japanese yen

DT.CUR.JYEN.ZS

Primary income on FDI

BX.KLT.DREM.CD.DT

Pound sterling

DT.CUR.UKPS.ZS

International reserves

FI.RES.TOTL.CD

Swiss franc

DT.CUR.SWFR.ZS

U.S. dollars

DT.CUR.USDL.ZS
6. RATIOS

4. AVERAGE TERMS OF NEW COMMITMENTS

External debt stocks to exports (%)

DT.DOD.DECT.EX.ZS

Interest (%)

DT.INR.OFFT

External debt stocks to GNI (%)

DT.DOD.DECT.GN.ZS

Maturity (years)

DT.MAT.OFFT

Debt service to exports (%)

DT.TDS.DECT.EX.ZS

Grace period (years)

DT.GPA.OFFT

Short-term to external debt stocks (%)

DT.DOD.DSTC.ZS

Multilateral to external debt stocks (%)

DT.DOD.MLAT.ZS

Reserves to external debt stocks (%)

FI.RES.TOTL.DT.ZS

Current account balance

BN.CAB.XOKA.CD

Reserves to imports (months)

FI.RES.TOTL.MO

Official creditors

Private creditors
Interest (%)

DT.INR.PRVT

Maturity (years)

DT.MAT.PRVT

Grace period (years)

DT.GPA.PRVT

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T A B L E S

I N T E R N A T I O N A L

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S T A T I S T I C S

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7. LONG-TERM EXTERNAL DEBT

Debt outstanding and disbursed

DT.DOD.DLXF.CD

Interest payments

DT.INT.DLXF.CD

Public and publicly guaranteed

DT.DOD.DPPG.CD

Public and publicly guaranteed

DT.INT.DPPG.CD

Official creditors

DT.DOD.OFFT.CD

Official creditors

DT.INT.OFFT.CD

Multilateral

DT.DOD.MLAT.CD

of which: IBRD
IDA
Bilateral

DT.DOD.MIBR.CD

of which: Bonds
Commercial banks
Private nonguaranteed
of which: Bonds

of which: IBRD

DT.DOD.MIDA.CD
DT.DOD.BLAT.CD

Private creditors

Multilateral

DT.DOD.PRVT.CD
DT.DOD.PBND.CD

IDA
Bilateral

DT.DOD.DPNG.CD
DT.DOD.PNGB.CD

DT.INT.MIBR.CD
DT.INT.MIDA.CD
DT.INT.BLAT.CD

Private creditors
of which: Bonds

DT.DOD.PCBK.CD

DT.INT.MLAT.CD

Commercial banks
Private nonguaranteed

DT.INT.PRVT.CD
DT.INT.PBND.CD
DT.INT.PCBK.CD
DT.INT.DPNG.CD

of which: Bonds

DT.INT.PNGB.CD

Disbursements

DT.DIS.DLXF.CD

Principal repayments

DT.AMT.DLXF.CD

Public and publicly guaranteed

DT.DIS.DPPG.CD

Public and publicly guaranteed

DT.AMT.DPPG.CD

Official creditors

DT.DIS.OFFT.CD

Official creditors

DT.AMT.OFFT.CD

DT.DIS.MLAT.CD

Multilateral
of which: IBRD
IDA
Bilateral

DT.DIS.MIBR.CD

of which: Bonds
Commercial banks
Private nonguaranteed
of which: Bonds

of which: IBRD

DT.DIS.MIDA.CD
DT.DIS.BLAT.CD

Private creditors

Multilateral

DT.DIS.PRVT.CD
DT.DIS.PBND.CD

IDA
Bilateral

DT.DIS.DPNG.CD
DT.DIS.PNGB.CD

DT.AMT.MIBR.CD
DT.AMT.MIDA.CD
DT.AMT.BLAT.CD

Private creditors
of which: Bonds

DT.DIS.PCBK.CD

DT.AMT.MLAT.CD

Commercial banks
Private nonguaranteed
of which: Bonds

DT.AMT.PRVT.CD
DT.AMT.PBND.CD
DT.AMT.PCBK.CD
DT.AMT.DPNG.CD
DT.AMT.PNGB.CD

10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM
EXTERNAL DEBT

8. DEBT STOCK-FLOW RECONCILATION

Total change in external debt stocks

DT.DOD.DECT.CD.CG

Net flows on external debt

DT.NFL.DECT.CD

Official creditors
Principal

DT.AMT.OFFT.CD

Interest

DT.INT.OFFT.CD

Private creditors

9. DEBT STOCK-FLOW RECONCILATION

Total amount rescheduled

DT.DXR.DPPG.CD

Total amount forgiven

DT.DFR.DPPG.CD

Debt buyback

DT.DSB.DPPG.CD

xvi

Principal

DT.AMT.PRVT.CD

Interest

DT.INT.PRVT.CD

U S E R

G U I D E

T O

I D S

O N L I N E

How to Use the Databank
DataBank (http://databank.worldbank.org) is an online web resource that provides simple and quick
access to collections of time series data. It has advanced functions for selecting and displaying data, performing customized queries, downloading data, and creating charts and maps. Users can create dynamic,
custom reports based on their selection of countries, indicators, and years. All these reports can be easily
edited, shared, and embedded as widgets on websites or blogs. For more information, see http://databank
.worldbank.org/help.

Actions
Click to share the table using either the embed code or the URL
Click to edit and revise the table in DataBank
Click to export all metadata to Excel
Click to export the table to Excel
Click to export the table and corresponding indicator metadata to PDF
Click to print the table and corresponding indicator metadata
Click to access the IDS Online Tables Help file

xvii

T A B L E S

Overview

I

nternational Debt Statistics 2014 presents data
and analytical information on the external debt
of developing countries for 2012, based on actual
flows and debt-related transactions reported to the
World Bank Debtor Reporting System (DRS) by
124 developing countries. It provides users with
comprehensive stock and flow data on the external debt of individual developing countries and
for regional and analytical groupings. In addition,
International Debt Statistics (IDS) showcases the
broader spectrum of debt data collected and compiled by the World Bank. These include the high
frequency, quarterly data for high-income and select
developing countries reporting to the joint World
Bank–International Monetary Fund (IMF) Quarterly External Debt Statistics (QEDS) and the Public
Sector Debt (PSD) database launched in 2010. In
common with the DRS, these databases promote
consistency and comparability across countries
through standard definitions and valuation methods. IDS also includes a summary analysis of aggregate net capital flows (debt and equity) in 2012. The
main messages from the 2012 data are:
(a) Net debt flows to developing countries were
$412 billion in 2012, 9 percent lower than
the comparable figure for 2011. However,
the aggregates mask the impact of the sharp
contraction in net debt flows to China, which
fell to less than 30 percent of their 2011 level.
When China is excluded, net debt flows to
developing countries increased in 2012; they
rose by 20 percent in 2012 with long-term
debt flows 14 percent higher and short-term
debt flows 55 percent higher than in 2011.
(b) Debt flows in 2012 were characterized by
important shifts in both borrowing patterns

and sources of financing. Inflows to public and
publicly guaranteed borrowers rose 83 percent
and accounted for one-half of long-term debt
inflows, compared with one-third in 2011. In
contrast, net flows to private nonguaranteed
borrowers fell 17 percent, and short-term debt
flows contracted sharply (41 percent). Private
creditors accounted for more than 90 percent
of net debt flows in 2012 and were dominated
by the surge in bond issuance by developingcountry borrowers, which rose by 30 percent
over the 2011 level.
(c) Aggregate net capital flows, debt, and equity
combined totaled just over $1.1 trillion in
2012, little changed from 2011. Foreign
direct investment proved resilient despite
being 6 percent lower than in 2011, and this
decline was more than offset by the surge in
portfolio equity flows. Measured relative to
developing-country gross national income
(GNI), aggregate capital flows have fallen
sharply: to 4.7 percent in 2012, well short of
the 7.7 percent recorded in 2007.
(d) Countries reporting to the QEDS and PSD
databases confirm that external debt and
public debt levels in high-income countries
are, on average, much higher than in developing countries. The ratio of external debt
to GDP in high-income countries averaged
143 percent in 2012, and in some cases surpassed 200 percent. This was the antithesis in
developing countries, where the ratio of external debt to GNI averaged 22 percent in 2012.
Similarly, general government debt relative to
GDP in high-income countries is, on average,
twice the comparable ratio for the largest borrowers among developing countries.

1

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2 0 1 4

Table I.1. External Debt Stock of Developing Countries and Selected Ratios, 2005–12
$ billion
2005

2006

2007

2008

2009

2010

2011

2012

Total external debt outstanding

2,338.0

2,534.4

2,993.5

3,262.1

3,542.1

3,987.5

4,437.8

4,829.6

Long-term external debt (including IMF)

1,856.8

1,975.1

2,293.4

2,559.4

2,792.7

2,987.1

3,265.3

3,552.0

Public and publicly guaranteed (including IMF)

1,292.2

1,223.4

1,304.7

1,369.3

1,559.7

1,688.0

1,768.5

1,911.3

Private nonguaranteed

564.6

751.7

988.7

1,190.0

1,233.0

1,299.1

1,496.8

1,640.7

Short-term external debt

481.2

559.3

700.1

702.8

749.4

1,000.3

1,172.5

1,277.6

External debt stocks to GNI (%)

27.2

25.0

23.9

21.9

23.7

22.3

21.4

22.1

External debt stocks to exports (%)

80.5

71.8

69.4

63.0

83.4

75.4

69.3

71.9

Reserves to external debt stocks (%)

74.3

88.4

104.8

111.7

120.8

124.2

122.3

117.6

Ratios

Sources: World Bank Debtor Reporting System and International Monetary Fund.

I. Trends in External Debt Stocks and
Flows

T

he pace of debt accumulation slowed to
9 percent in 2012, from 11 percent in 2011
with both long-term and short-term debt increasing at the same pace. This was in marked contrast to 2011, when the rise in short-term debt,
17 percent, grew almost twice as fast as that in
long-term debt. The combined stock of developing
countries’ external debt rose from $4.4 trillion in
2011 to $4.8 trillion at the end of 2012, reflecting
net debt inflows of $412 billion and debt forgiveness in the context of the Heavily Indebted Poor
Country (HIPC) Initiative. It also includes the
effect of the year-on-year exchange adjustments
of foreign currencies relative to the U.S. dollar,
in which approximately one-third of developing
countries’ external debt is denominated. The stock
of long-term debt at the end of 2012 was fairly
evenly divided between publicly guaranteed debt,
54 percent, and debt owed to private, nonguaranteed borrowers, 46 percent. The stock of shortterm debt, as a share of total outstanding debt,
was 26 percent at the end of 2012, unchanged
from the previous year (table I.1).
Net debt flows to developing countries fell
9 percent in 2012, to $412 billion, and were
characterized by some important shifts in borrowing patterns and sources of financing. Viewed
from the borrower perspective, net flows of public and publicly guaranteed debt drove the overall
increase in long-term debt flows in 2012. They

2

jumped 67 percent, to $155 billion, in contrast
to a 17 percent fall in net flows to private, nonguaranteed borrowers, accompanied by a sharp
41 percent contraction in short-term debt flows.
As a result, public and publicly guaranteed
borrowers accounted for one-half of long-term
debt inflows, as compared with one-third in
2011. Regarding the source of financing, private
creditors remained dominant and accounted for
more than 90 percent of net debt flows in 2012.
Long-term debt flows from private creditors
continued their upward trajectory, rising by an
additional 15 percent in 2012 on the back of
the surge in bond issuance by developing-country
borrowers. These rose to $179 billion (from
$121 billion in 2011), offsetting both the fall in
long-term lending by commercial banks and a
large part of the decline in short-term debt flows
(table I.2).
The rapid contraction in net debt flows to
China dominated the global trend. They plummeted to $38 billion in 2012, less than 30 percent
of their 2011 level. If China (the single largest borrower among developing countries) is
excluded, then net debt flows to developing
countries rose 20 percent in 2012 with long-term
debt flows 14 percent higher and short-term
debt flows 55 percent higher than the 2011 level
(figure I.1).
Just ten of the 124 countries reporting to the
World Bank DRS received more than 70 percent
of net debt flows in 2012 and owed 65 percent of

O V E R V I E W

Table I.2 Net Debt Flows to Developing Countries, 2005–12
$ billion
2005

2006

2007

2008

2009

2010

2011

2012

120.7

204.6

382.1

248.4

206.7

481.2

451.9

411.8

35.5

126.5

243.6

245.5

159.3

225.6

276.7

308.4

–23.2

–42.1

35.7

50.3

117.3

157.6

92.6

154.8

58.7

168.6

207.9

195.1

42.0

67.9

184.1

153.6

85.2

78.1

138.5

2.9

47.4

255.6

175.1

103.4

Net inflows
Total net debt flows
Long-term net debt flows
Public and publicly guaranteed (including IMF)
Private nonguaranteed
Short-term debt flows
By creditor
Official creditors (including IMF)

–41.5

–40.1

3.2

42.7

93.8

80.1

32.0

27.9

Private creditors

162.2

244.7

378.9

205.6

112.9

401.0

419.9

383.9

of which:
Long-term debt flows

77.0

166.6

240.4

202.7

65.5

145.4

244.8

280.5

Bonds

41.8

29.5

75.6

7.8

49.9

115.5

120.6

178.7

Banks and other private

35.2

137.1

164.8

195.0

15.6

29.9

124.2

101.8

Net short-term debt flows

85.2

78.1

138.5

2.9

47.4

255.6

175.1

103.4

Source: World Bank Debtor Reporting System.

developing countries’ outstanding external debt.1
This group is comprised of developing countries
with the largest economies wherein the volume
and trends in financing may differ from, and
mask the size and direction of, flows to other
developing countries. As a group, the top 10
borrowers saw net debt inflows fall 15 percent
in 2012, driven by the 73 percent decline in net

debt inflows to China. Excluding China, the other
top 10 borrowers saw net debt inflows jump by
26 percent on average in 2012. At the individual
country level, there was wide disparity in the
direction of flows, which ranged from massive net
debt outflow (in the case of Hungary and Ukraine)
to the more than doubling of net debt inflows in
South Africa and Turkey. Mexico was the largest

Figure I.1 Net Debt Flows to All Developing Countries 2000–12, Including and Excluding China
600
500
US $ (billion)

400
300
200
100
0
–100

2000

2001

2002

2003

2004

2005 2006

Short-term debt net flows
Short-term debt net flows,
excluding China
Net flows on debt, total

2007

2008

2009 2010

2011 2012

Net flows on debt, total, excluding China
Net flows on debt, total long-term
Net flows on debt, total long-term,
excluding China

Source: World Bank Debtor Reporting System.

1. Defined as countries with the largest stock of outstanding external debt at end 2012.

3

I N T E R N A T I O N A L

D E B T

S T A T I S T I C S

2 0 1 4

Table I.3. Top Ten Borrowers, External Debt Stocks 2012, and Net Inflows 2011–12
$ billion
External debt stock end 2012
% of total

Net inflow 2011

Net inflow 2012

Amount

Amount

Country

Amount

% change in net inflow 2012

% of total net flow 2012

China

754.0

15.6

140.1

37.8

−73.0

Brazil

440.5

9.1

46.3

39.5

−14.8

9.6

India

379.1

7.8

43.4

44.3

1.9

10.8

Mexico

354.9

7.3

42.9

84.4

96.7

20.5

Turkey

337.5

7.0

17.5

40.1

129.0

9.7

Indonesia

254.9

5.3

22.9

30.2

31.8

7.3

Hungary

203.8

4.2

1.8

−10.7

−685.6

−2.6

South Africa

137.5

2.8

4.4

11.7

168.7

2.8

Kazakhstan

137.0

2.8

6.4

12.4

93.3

3.0

Ukraine

135.1

2.8

11.5

−3.5

−130.5

−0.9

Total top 10 borrowers

3,134.2

64.9

337.2

286.1

−15.2

69.5

Other developing countries

1,695.4

35.1

114.6

125.7

9.7

30.5

All developing countries

4,829.6

100.0

451.9

411.8

−8.9

100.0

9.2

Source: World Bank Debtor Reporting System.

net borrower in 2012, accounting for 20 percent
of net debt inflows to all developing countries
(table I.3).
Developing countries’ external debt burdens
are moderate. Despite uncertainty surrounding the
global economic and financial crisis, the majority
of developing countries have seen their economies
rebound strongly since 2010 with a concomitant
improvement in the ratio of outstanding external
debt to GNI and to export earnings; this improvement translates to an average of 22.1 percent of
GNI and 71.9 percent of export earnings at the
end of 2012. Risks associated with the fact that
short-term debt constituted 26 percent of external
debt stock at the end of 2012 were mitigated by
international reserves equivalent to 118 percent
of the external debt stock at the end of 2012.
Most short-term debt was trade related; measured against developing countries’ imports, it
was 18 percent—virtually unchanged from 2011.
Developing countries have also seen a significant
improvement in their external debt payment servicing capacity over the past decade, primarily as

4

a consequence of increased export earnings, but
also as a direct outcome of debt restructuring and
outright debt relief from official and private creditors. Most HIPC- and MDRI-eligible countries
have now fully benefited from HIPC, MDRI, and
additional bilateral relief. The average debt service to export ratio fell to 9.8 percent in 2012, a
marginal decline from the 10 percent recorded in
2011, but well below half the 21.1 percent at the
start of the decade (figure I.2).
Bond issuance by developing countries’ public and private borrowers rose nearly 30 percent
in 2012, to an all-time high of $226 billion. The
principal driver was a surge in new bond issuance
by sovereigns and public sector entities in international capital markets and the purchase of domestically issued sovereign bonds by nonresidents,
particularly in Mexico and Thailand. Issuance by
public borrowers rose 43 percent in 2012, to
$137.8 billion, and their share of total bond
issuance rose to 61 percent, from 55 percent in
2011. Public borrowers in Latin America and the
Caribbean claimed the largest share (39 percent)

O V E R V I E W

Aggregate Net Flows to Developing
Countries

Figure I.2. Key Debt Indicator Trends, 2000–12
140

I

120

Percent

100
80
60
40
20
0
2000

2002 2004

2006 2008 2010 2012

External debt stocks to exports
External debt stocks to GNI
Debt service to exports
Short-term debt to imports
Sources: World Bank Debtor Reporting System and International
Monetary Fund.

followed by those in Europe and Central Asia
(25 percent). Issuance by corporate borrowers
rose at a more moderate pace, to $88 billion, up
12 percent from 2011. The dominant players were
private-sector borrowers in Latin America and the
Caribbean, particularly in Brazil and Mexico, who
commanded well over half of all corporate bonds
issued in 2012. However, the sharpest increase
was in Europe and Central Asia, where corporate
bond issuance rose more than threefold to $14.7
billion led by Turkey (table I.4).

nternational capital flows, debt and equity combined, totaled just over $1.1 trillion in 2012,
only marginally higher than 2011, but 7 percent
above their 2007 precrisis level. Measured relative to developing country GNI, net capital flows
declined sharply to 5.1 percent in 2012, well short
of the 8.4 percent recorded in 2007. Net equity
flows rose 8 percent in 2012 driven by a sharp
rebound in portfolio equity flows. The increase to
almost $100 billion in portfolio equity flows offset both the 7 percent fall in foreign direct investment inflows and the 9 percent decline in net debt
inflows. However, this global trend is dominated
by development in China, which accounted for
more than one-third of net capital flows to developing countries in 2011 and 2012, and in which
the net inflow of debt and equity combined fell
to $321 billion in 2012, 25 percent below their
2011 level. In contrast, other developing countries saw net capital flows rise 17 percent in 2012
(table I.5).
Foreign direct investment is the single largest component of capital flows to developing
countries and the most resilient, accounting for
almost 55 percent since 2008. UNCTAD’s World
Investment Report 2013 confirms that a record
52 percent of global foreign direct investment in
2012 was directed at developing countries with
investors attracted by improvements in the business and regulatory environment, growth prospects, and buoyant domestic markets. Although an

Table I.4. Bond Issuance by Developing Country Borrowers, 2011–12
$ billion
Public borrowers

Corporate borrowers

2011

2012

2011

2012

East Asia and Pacific

23.5

28.7

16.4

20.3

Europe and Central Asia

18.6

35.1

4.5

14.7

Latin America and the Caribbean

42.5

53.9

55.1

48.7

Middle East and North Africa

4.0

8.3

0.0

0.5

South Asia

3.0

8.5

0.7

0.8

Sub-Saharan Africa

4.5

3.4

1.7

3.1

96.1

137.8

78.5

88.1

62.3

97.3

68.5

69.3

All developing countries
Of which:
Top ten borrowers
Source: World Bank Debtor Reporting System.

5

I N T E R N A T I O N A L

D E B T

S T A T I S T I C S

2 0 1 4

Table I.5. Net Capital Flows to Developing Countries, Debt and Equity, 2007–12
$ billion
2007

2008

2009

2010

1,049.8

831.2

698.0

1,116.1

1,109.3

1,121.6

8.4

5.6

4.7

6.2

5.3

5.1

Net equity inflows

667.7

582.8

491.3

634.9

657.4

709.7

Net FDI inflows

558.6

623.4

380.3

511.6

654.7

612.2

Net portfolio equity inflows

109.0

−40.6

110.9

123.4

2.7

97.6

382.1

248.4

206.7

481.2

451.9

411.8

Official creditors

3.2

42.7

93.8

80.1

32.0

27.9

World Bank

5.7

7.8

18.3

23.0

7.0

12.1

−5.2

16.6

31.8

13.4

0.5

−13.4

Private creditors

378.9

205.6

112.9

401.0

419.9

383.9

Net medium- and long-term debt flows

240.4

202.7

65.5

145.4

244.8

280.5

75.6

7.8

49.9

115.5

120.6

178.7

Banks and other private

164.8

195.0

15.6

29.9

124.2

101.8

Net short-term debt flows

138.5

2.9

47.4

255.6

175.1

103.4

−898.5

−506.9

−632.8

−673.4

−475.8

−252.8

255.2

294.5

280.4

310.1

342.9

348.1

Net private and official inflows
Percent of GNI (%)

Net debt flows

IMF

Bonds

Change in reserves (− = increase)

2011

2012

Memorandum items
Workers remittances

Sources: World Bank Debtor Reporting System, International Monetary Fund, and Bank for International Settlement.

increasing number of developing countries are
beneficiaries of foreign direct investment, these
flows remain highly concentrated among the ten
largest recipients who absorbed more than 75 percent of inflows in 2012. This concentration is also
reflected at the regional level with 81 percent
of foreign direct investment in the East Asia and
Pacific region going to China, while India absorbs
almost 90 percent of foreign direct investment into
the South Asia region, and Brazil accounts for half
of the foreign direct investment going to Latin
America and the Caribbean region (figure I.3).
Portfolio equity flows remained by far the
most volatile of all capital flows. Following a near
total collapse in 2011, portfolio equity flows shot
up to close to $100 billion in 2012 as investors
piled into select emerging markets, where growth
prospects remained good and returns were anticipated to be high. Only a handful of developing
countries benefited in any significant way from
portfolio equity flows. In 2012, more than half
of such flows went to China ($29.9 billion) and
India ($22.8 billion), and the top six recipients
combined accounted for 86 percent of inflows

6

Figure I.3. Net Foreign Direct Investment Inflows to
Major Recipients, 2010–12
China
Brazil
India
Indonesia
Colombia
Mexico
Kazakhstan
Turkey
Peru
Argentina
0

50

100

150

200

250

US$ (billion)
2012
Source: International Monetary Fund.

2011

2010

300

O V E R V I E W

to all developing countries—almost identical to
their share in 2010. Over the past three years,
most recipients experienced extreme volatility in
portfolio equity flows. Nigeria stands out as the
only country in which the portfolio equity flows
have remained positive, and in 2012, on a sharp
upward trajectory, portfolio equity flows rose
more than fourfold in Nigeria, to $10 billion
(table I.6).

Table I.6. Net Inflow of Portfolio Equity to Major
Recipients, 2010–12
$ billion

Primary recipients

2010

2011

2012

105.5

3.5

84.6

China

31.4

5.3

29.9

India

30.4

−4.0

22.8

Mexico

0.4

−6.6

10.0

Nigeria

2.2

2.6

10.0

Turkey

3.5

−1.0

6.3

Brazil

37.7

7.2

5.6

Other developing countries

17.9

−0.8

13.0

123.4

2.7

97.6

85.5

128.5

86.7

Total all developing countries
Primary recipients as a share of total (%)
Source: International Monetary Fund.

7

I N T E R N A T I O N A L

D E B T

S T A T I S T I C S

2 0 1 4

Regional Trends
East Asia and Pacific
External Debt Stock and Net Capital Flows to East Asia and Pacific, 2007–12
$ billion
2007

2008

2009

2010

2011

2012

746.7

775.3

883.3

1,080.6

1,286.6

1,412.4

298.4

208.2

259.0

529.6

546.4

485.8

6.5

3.6

4.1

7.1

6.0

4.8

Net equity inflows

231.4

203.6

184.7

331.5

346.6

351.6

Net FDI inflows

196.4

211.2

154.5

291.1

339.9

313.7

35.1

−7.6

30.2

40.3

6.7

37.9

67.0

4.6

74.3

198.1

199.8

134.2

Official creditors

–3.2

−0.4

3.9

4.0

−0.4

3.3

World Bank

−0.3

1.2

2.2

2.7

0.9

1.0

0.0

0.0

0.1

0.0

0.0

_0.1

70.2

5.0

70.4

194.1

200.2

130.9

17.2

18.3

5.4

45.2

55.0

74.2

2.6

2.7

9.5

28.1

30.6

45.7

Banks and other private

14.6

15.6

−4.2

17.1

24.4

28.6

Net short-term debt flows

52.9

−13.3

65.0

148.9

145.1

56.7

−538.6

−431.2

−513.9

−536.2

−393.2

−162.1

External Debt Stocks
Net private and official inflows
Percent of GNI (%)

Net portfolio equity inflows
Net debt flows

IMF
Private creditors
Net medium- and long-term debt flows
Bonds

Memorandum items
Change in reserves (− = increase)

Sources: World Bank Debtor Reporting System, International Monetary Fund, and Bank for International Settlement.

In 2012, net capital flows to the region fell
11 percent to $486 billion, equivalent to 4.8 percent of the region’s gross national income (GNI),
on account of a precipitous, 33 percent drop in
net debt flows from the previous year. The downturn was driven primarily by the sharp contraction in short-term debt flows to China, which fell
to $33 billion, less than a quarter of their 2011
level. Equity flows at $351 billion were largely
unchanged from 2011, as an increase in portfolio
equity flows (from $7 billion in 2011 to $38 billion in 2012) offset a 26 percent fall in foreign
direct investment.
Since 2007, China has absorbed 74 percent
of net capital flows into the region, and at the
end of 2012, it accounted for 54 percent of the
combined external debt stock of the East Asia
and Pacific countries. China is by far the largest
recipient of non-debt flows to all developing countries: it accounted for about 40 percent of all such
flows over the past five years. In 2012, the slowdown in GDP growth in China had a knock-on
effect on capital inflows, in particular short-term

8

debt flows. They contracted to $33 billion (down
from $129 billion the previous year), dictating
both the global and regional trend, and bringing
net debt flows to China down to just a little over
one-quarter of their 2011 equivalent. Foreign
direct investment flows also fell 10 percent from
their 2011 peak, but the decline was more than
offset by the $30 billion surge in portfolio equity
flows, which resulted in an overall net equity flow
that remained unchanged from their 2011 level.
Other East Asia and Pacific countries saw net
capital flows rise 36 percent in 2012 with net debt
flows jumping 62 percent and equity flows up
11 percent over their 2011 level. Consistent with
the trend in previous years, Indonesia received
around one-third of net capital flows to countries in the region, excluding China. It recorded
$ 51.5 billion in debt and non-debt flows in 2012,
a 23 percent increase over the 2011 level. But
Thailand was the main driver of the 2012 increase
with net debt flows up fivefold, to $32 billion, and
non-debt flows, primarily foreign direct investment, 55 percent higher than 2011. Although small

O V E R V I E W

Net Capital Flows to East Asian Countries, 2007–12
120
100

Percent

80
74

60

85

79

75

78

15

21

25

22

2008

2009

2010

2011

66

40
20

26

34

0
2007

Other East Asia and Pacific countries

2012

China

Sources: World Bank Debtor Reporting System and the International Monetary Fund.

Ratio of external debt stocks to GNI, exports and
reserves, 2012
200
180
160

Percent

140
120
100
80
60
40
20
0
Debt stock to
exports

Debt stock to
GNI

East Asia and Pacific

Debt stock to
total reserves

Other developing
countries

Sources: World Bank Debtor Reporting System and the International Monetary Fund.

Trends in Net Capital Flows to East Asia and
Pacific countries, 2007–12
300
250
US$ (billion)

in the regional context, Mongolia saw net debt
flows skyrocket, to $2.6 billion, and external debt
stock double as a result of bond issuance by publicand private-sector entities. Similarly, in Papua and
New Guinea, net debt flows were up 157 percent
because of long-term commercial bank financing
to private-sector borrowers.
Both public- and private-sector Asian borrowers profited from advantageous market
conditions and investor appetite to issue almost
$50 billion in bonds, an increase of 23 percent
over 2011. The percentage share of issues by
public- and private-sector borrowers, about
60 percent and 40 percent, respectively, was
almost identical to 2011 with important shifts
happening at the individual country level.
Indonesia accounted for 45 percent of issuance
by public sector borrowers in 2012. Public sector borrowers in China were absent from the
markets, but in contrast, issuance by public sector borrowers in Thailand almost doubled to
$9 billion, including domestically issued Thai
bhat bonds purchased by nonresidents in search
of attractive yields. Mongolia came to the market for the first time in November 2012 with a
$1.5 billion 5- and 10-year note that was heavily
oversubscribed. Chinese corporations accounted
for the majority share of bond issuance by
private-sector borrowers, at 54 percent, and
those in Malaysia accounted for an additional 20
percent.
Countries in the region have, on average, the
lowest external debt burden in relation to GNI
compared with all developing countries. The stock
of external debt rose 10 percent in 2012, but the
ratio of debt outstanding to GNI, 13.9 percent,
was below half the comparable ratio of 29 percent
for other developing countries. The ratio of debt
to exports, 42.3 percent, was also among the
lowest of any other region. East Asia and Pacific
countries accumulated an additional $160 billion
in international reserves in 2012. The reserves
now stand at 36.5 percent, the level of outstanding external debt—a stark contrast to the much
higher ratio of external debt stock to reserves of
189 percent in other developing countries.

200
150
100
50
0
–50
2007

2008

2009

2010

2011

2012

China, net equity inflows
China, net debt flow
Other EAP countries, net equity inflows
Other EAP countries, net debt flow
Sources: World Bank Debtor Reporting System and the International Monetary Fund.

9

I N T E R N A T I O N A L

D E B T

S T A T I S T I C S

2 0 1 4

Europe and Central Asia
External Debt Stock and Net Capital Flows to Europe and Central Asia, 2007–12
$ billion
2007

2008

2009

2010

2011

2012

External Debt Stocks

806.1

966.6

1,023.2

1,060.5

1,095.3

1,149.5

Net private and official inflows

263.6

249.9

104.3

105.9

126.1

112.7

Percent of GNI (%)

18.5

14.7

7.4

6.6

7.0

6.3

Net equity inflows

91.7

90.5

57.8

48.2

63.8

63.8

Net FDI inflows

88.2

91.0

54.1

44.5

64.5

55.8

3.5

−0.4

3.7

3.7

−0.7

8.0

171.9

159.3

46.5

57.7

62.2

48.8

Official creditors

−0.9

24.6

49.0

28.0

6.9

−6.9

World Bank

0.7

1.2

3.4

3.9

2.9

2.0

−5.0

12.8

25.5

9.0

−1.0

−13.0

172.8

134.8

−2.5

29.7

55.3

55.7

131.1

129.1

7.4

−11.8

41.3

46.8

Bonds

31.5

−3.2

−6.8

7.1

8.2

38.7

Banks and other private

99.6

132.3

14.2

−18.9

33.0

8.0

Net short-term debt flows

41.7

5.7

−9.9

41.6

14.1

9.0

−49.5

−5.6

−18.9

−21.8

−7.2

−9.1

Net portfolio equity inflows
Net debt flows

IMF
Private creditors
Net medium- and long-term debt flows

Memorandum items
Change in reserves (− = increase)

Sources: World Bank Debtor Reporting System, International Monetary Fund, and Bank for International Settlement.

Net capital flows to the region fell 11 percent
in 2012 as a consequence of a downturn in net
debt flows. These dropped to $49 billion in 2012,
largely as a consequence of a $13 billion net outflow to the IMF as the rescue packages extended
in the wake of the global economic and financial
crisis were repaid. Net equity flows were broadly
unchanged with a fall in foreign direct investment
compensated by increased portfolio equity flows.
Important changes to the composition of the
Europe and Central Asia region in International
Debt Statistics 2014 should be noted. The Russian
Federation is excluded from the regional analysis
because it is now classified as a high-income country. Conversely, Hungary has been reclassified from
a high- to a middle-income country and is included
in the regional aggregates.
Net inflows to the region fell sharply in
2012 as new inflows declined while payments
on emergency loans extended in response to the
2008 global economic and financial crisis rose
appreciably. Countries in the region were among
some of the hardest hit by the global economic
and financial crisis. Thus, external support from
official creditors, notably institutions like the

10

IMF and the World Bank, was essential for the
creation of financial buffers and acted as a catalyst in addressing macro-economic imbalances.
However, 2012 saw a sharp fall in net inflows
from official creditors to –$7 billion in 2012,
a sharp contrast to the $50 billion net inflow
of 2009. Gross disbursements continued on a
downward trajectory, falling by 20 percent in
2012, while those from the World Bank Group
(IBRD and IDA) fell 16 percent, to $3.9 billion.
In parallel, there was a sharp rise in repayments,
especially with regard to the IMF, with an outflow of $13 billion in 2012; largely the result of
repurchases (payments) by Hungary, Romania,
Turkey, and Ukraine.
Regional net debt inflows from private
creditors were almost identical to their 2011 level,
with a major change in composition of borrowers and loan instruments. Public- and privatesector entities across the region took advantage
of lower borrowing costs and investor interest
to issue international bonds totaling $50 billion
in 2012, well more than double their 2011 level
and equivalent to 22 percent of the 2012 international bond issuance by all developing countries.

O V E R V I E W

Bond Issuance, Public- and Private-Sector
Borrowers, 2011–12
$ billion
Public borrowers
2011

Albania
Azerbaijan
Bulgaria
Belarus
Georgia
Hungary
Kazakhstan
Montenegro
Romania
Serbia
Turkey
Ukraine
Total

0.1
0.0
0.0
0.8
0.5
6.3
0.0
0.2
2.1
1.0
4.8
2.8
18.6

Corporate borrowers

2012

2011

2012

0.0
0.5
1.2
0.0
0.3
11.2
2.3
0.0
5.1
1.8
7.9
4.9
35.1

0.0
0.0
0.0
0.0
0.0
0.0
0.8
0.0
0.1
0.0
2.1
1.6
4.5

0.0
0.0
0.2
0.0
1.0
4.7
1.8
0.0
0.0
0.0
7.0
0.0
14.7

Source: World Bank Debtor Reporting System.

Net Inflow of Foreign Direct Investment, 2011–12
Kazakhstan
Turkey
Hungary
Ukraine
Azerbaijan
Other ECA countries
0

5

10

15

20

US$ (billion)
2012

2011

Source: International Monetary Fund.

Select Debt Ratios for Europe and Central Asia,
2007–12

Percent

Issuance by sovereign and public-sector borrowers
rose to $35 billion, of which close to two-thirds
was accounted for by Hungary, Romania, and
Ukraine. Bulgaria came back to the market for
the first time since 2002 with a $1.2 billion 5-year
sovereign issue, and Serbia raised $1.8 billion in
two offerings. In parallel, international bond issuance by private entities surged to $14.7 billion
whereas long-term lending by commercial banks,
particularly private-sector borrowers, fell sharply
in 2012, in large part due to deleveraging by banks
in the Euro Area.
Sixty percent of net capital flows into the
region in 2012 were in the form of foreign direct
investment. While almost all countries in the
region benefited from some investment flows, they
were fairly heavily concentrated in five countries:
Azerbaijan, Hungary, Kazakhstan, Turkey, and
Ukraine, who together accounted for more than
75 percent of net foreign direct investment to the
region in 2012. As in previous years, much of
the investment in Kazakhstan, the largest recipient in 2012, and inflows into Hungary, slowed
in response to economic uncertainties. Those to
Turkey fell 20 percent but were offset by the surge
in portfolio equity flows, which shot up to $6.3
billion, an all-time high and a marked turnaround
from the –$1 billion outflow in 2011.
Countries in Europe and Central Asia are
the most indebted of those in any other region,
but debt indicators have improved. The average
ratio of external debt stock to GNI for the Europe
and Central Asia countries at the end of 2012,
63.8 percent, was three times the comparable ratio
for all developing countries combined. Similarly,
external debt stock measured in relation to
exports at the end of 2012 was double the developing country average at 144.7 percent. However,
there has been a 12 percentage point reduction in
the external debt stock to GNI ratio since 2009,
and an even more pronounced improvement in the
external debt stock to exports ratio over the same
period, 23 percentage points. The principal drivers
of growth and improved export earnings are the
oil exporters, notably Kazakhstan and Turkey, followed by Hungary and Ukraine.

200
180
160
140
120
100
80
60
40
20
0
2007

2008

2009

2010

2011

2012

External debt stock to exports
External debt stock to GNI

Debt service to exports

Sources: World Bank Debtor Reporting System and the International Monetary Fund.

11

25

I N T E R N A T I O N A L

D E B T

S T A T I S T I C S

2 0 1 4

Latin America and the Caribbean
External Debt Stock and Net Capital Flows to Latin America and the Caribbean, 2007–12
$ billion
2007

2008

2009

2010

2011

2012

External Debt Stock

782.3

831.1

866.3

1,000.9

1,133.5

1,257.9

Net private and official inflows

213.1

163.1

160.4

303.4

267.7

312.2

6.3

4.1

4.3

6.6

5.2

6.1

Net equity inflows

140.9

109.9

112.5

150.1

147.5

170.5

Net FDI inflows

112.5

121.5

71.2

110.9

145.0

150.3

28.4

−11.6

41.2

39.3

2.6

20.2

72.2

53.2

47.9

153.3

120.2

141.6

Official creditors

−1.0

6.4

17.2

22.6

4.9

11.8

World Bank

−0.2

2.5

6.2

8.3

−2.9

3.6

0.0

0.0

0.4

1.3

0.2

-0.1

Private creditors

73.2

46.8

30.7

130.7

115.3

129.8

Net medium- and long-term debt flows

51.7

44.2

38.6

84.8

121.2

117.5

Bonds

22.5

9.1

43.3

65.6

75.6

79.8

Banks and other private

29.2

35.1

−4.7

19.1

45.6

37.7

Net short-term debt flows

21.6

2.6

−7.9

45.9

−5.9

12.3

−136.1

−40.8

−46.3

−81.4

−87.9

−55.8

Percent of GNI (%)

Net portfolio equity inflows
Net debt flows

IMF

Memorandum items
Change in reserves (− = increase)

Sources: World Bank Debtor Reporting System, International Monetary Fund, and Bank for International Settlement.

Net capital flows to the region rose 17 percent
in 2012, to $312 billion, equivalent to 6.1 percent
of GNI (5.2 percent in 2011), and 28 percent of
comparable flows to all developing countries.
Debt and non-debt flows rose by broadly the
same percentage, with changes in composition.
The principal drivers were, for debt flows, the
doubling of net inflow from official creditors and
a sharp rise in short-term debt, and with regard to
non-debt flows, the surge in portfolio flows.
Equity flows accounted for 55 percent of
net capital flows to the region in 2012, and
for many countries in the region were the most
important source of external financing. They
rose by 16 percent in 2012, to $171 billion, of
which almost 50 percent was directed to Brazil.
Concomitant with the slowdown in growth,
equity flows to Brazil rose only a moderate 4
percent in 2012. Despite the slowdown, Brazil
remained the second most important developing
country destination, after China, for foreign direct
investment. However, foreign direct investment
inflows rose sharply across the region, spurred by
the presence of natural resources, a fast expanding middle-class, and inter-regional investments.

12

They were up 13 percent in Argentina, 17 percent
in Colombia, 49 percent in Peru, and 76 percent in
the Dominican Republic (to $3.9 billion), boosted
by the acquisition of the country’s main brewery
by the Belgian company Ambev for $1 billion.
Among the major economies in the region, Mexico
was the only one to see foreign direct investment
decline in 2012. The foreign direct investment fell
34 percent in large part due to disinvestment by
Banco Santander of Spain, where 25 percent of its
share is its Mexican affiliate. But this decline was
more than offset by the surge in portfolio equity
and overall equity inflow to Mexico, which rose
50 percent in 2012.
Net debt flows to Latin America and the
Caribbean remained robust in 2012, despite
slower growth in much of the region, rising by 18
percent, to $171 billion. This reflected a record
pace of bond issuance and a rebound in shortterm debt flows. The region also had the sharpest increase among all regions in net debt flows
from official creditors, up nearly 143 percent
to $12 billion. This was in large part due to the
turnaround in net inflows from the World Bank
Group (IBRD and IDA), which increased to $3.6

O V E R V I E W

Net Debt and Equity Flows, Percentage Share, 2012
200
150
Percentage share

100
50
0
–50

M

zi
l
Br
a

ex
ic
o

a
bi
om
ol
C

Ar
g

en

Pe
r

tin

u

a

–100
D
om
R in
ep ic
ub an
lic

billion from an outflow of $2.9 billion in 2011.
The principal driver was Mexico where net debt
flows came close to doubling in 2012, to $84 billion, more than offsetting the 15 percent decline
in net debt flows to Brazil and 43 percent fall in
those to other countries in the region. Short-term
debt flows returned to positive territory in 2012,
rising to $12.3 billion, from an outflow of –$5.9
billion in 2011, but remained well below the $45.9
billion recorded in 2010. Here again the aggregate
masks disparate trends at the individual country
level, in particular, the direction of flows to the
two largest economies. In the case of Brazil, shortterm flows continued to contract by an additional
–$9.6 billion in 2012; in marked contrast, shortterm inflows to Mexico almost doubled from their
2011 level, to $21.3 billon.
Public and private entities in Latin America
and the Caribbean took advantage of low funding
costs and strong investor demand and raised $103
billion through bond issuance in 2012, equivalent
to 45 percent of bonds issued by all developing
countries. The overall level of bond issuance in
2012 was only marginally higher than in 2011,
but the aggregate figure masks important changes
at the individual country level and with regard
to the type of issuer. Mexico remained by far the
largest borrower with total issuance of $73 billion,
a little more than 70 percent of the regional bond
issuance in 2012 (up from 62 percent in 2011).
Public sector borrowers accounted for close to 60
percent of this, much the same as in 2011, including a large component of domestically issued
government bonds purchased by nonresidents in
search of attractive yields. Issuance by Mexican
corporations also jumped over 70 percent in 2012
across all sectors, but led by Mobil Corporation.
In sharp contrast, bond issuance by Brazil was
down 71 percent, primarily on account of Brazil’s
private sector, which after considerable activity in
2011, was largely absent from the market, reflecting both their prior borrowing and the country’s
economic downturn.

Net equity inflows

Net debt flows

Sources: World Bank Debtor Reporting System and the International Monetary Fund.

Net Short-term Debt Inflows to Select Countries in
Latin America and the Caribbean, 2011–12
Mexico
Peru
Venezuela, RB de
Colombia
Argentina
Brazil
–30

–20

10
–10
0
US$ (billion)
2011

20

30

2012

Sources: Bank for International Settlements and national authorities.

Bond Issuance, Public- and Private-Sector
Borrowers, Latin America and the Caribbean
2011–12
$ billion
Public-sector borrowers

Private-sector borrowers

2011

2012

2011

2012

Brazil

3.6

6.6

30.8

8.8

Colombia

2.6

2.3

2.7

2.6

26.8

41.7

18.1

31.0

Peru

0.0

0.9

1.7

3.0

Other

9.4

2.5

1.8

3.3

42.5

53.9

55.1

48.7

Mexico

Total LAC countries

Source: World Bank Debtor Reporting System.

13

I N T E R N A T I O N A L

D E B T

S T A T I S T I C S

2 0 1 4

Middle East and North Africa
External Debt Stock and Net Capital Flows to the Middle East and North Africa, 2007–12
$ billion
2007

2008

2009

2010

2011

156.3

148.7

160.6

166.6

162.9

177.1

30.1

23.8

30.9

31.4

10.2

32.7

Percent of GNI (%)

3.9

2.6

3.3

..

..

..

Net equity inflows

26.0

30.0

27.5

24.2

13.0

18.0

Net FDI inflows

28.1

29.6

26.3

22.3

13.7

19.3

Net portfolio equity inflows

−2.1

0.4

1.2

2.0

−0.6

−1.3

4.1

−6.2

3.4

7.1

−2.8

14.7

Official creditors

1.2

−1.7

2.5

1.3

1.2

4.8

World Bank

1.0

−0.3

0.9

0.8

0.9

0.8

−0.1

−0.1

−0.1

0.0

−0.1

0.5

2.9

−4.4

0.9

5.9

−4.0

9.9

−0.5

−2.5

−2.1

1.4

−1.5

6.0

0.7

−0.8

0.1

3.2

−0.6

5.8

Banks and other private

−1.2

−1.7

−2.2

−1.8

−0.8

0.1

Net short-term debt flows

3.3

−1.9

3.0

4.5

−2.6

4.0

−44.1

−42.8

−19.9

−17.9

23.8

−4.6

External Debt Stocks
Net private and official inflows

Net debt flows

IMF
Private creditors
Net medium- and long-term debt flows
Bonds

2012

Memorandum items
Change in reserves (− = increase)

Sources: World Bank Debtor Reporting System, International Monetary Fund, and Bank for International Settlement.
Note: .. = not available.

Net capital inflows rose by 220 percent in
2012, far faster than any other region, to an all
time high of $32.7 billion. Driving this was the
spectacular turnaround in net debt flows that
climbed to $14.7 billion, more than double their
previous 2008 peak and a marked contrast to the
–$2.8 billion outflow in 2011. The key elements
were sovereign bond issuance by several countries
in the region, a fourfold increase in net flows from
official creditors, and an expansion in short-term
debt. Non-debt flows, notably foreign direct
investment, regained momentum and were up
close to 40 percent from their 2011 level.
The combined net debt flows to the four largest borrowers in the region, the Arab Republic
of Egypt, Lebanon, Morocco, and Tunisia, of
$16.5 billion, were more than five times their
2011 level. Egypt saw the most spectacular rise, a
$6.9 billion turnaround from the net debt outflow
that was recorded in 2011, but net debt flows
to Lebanon and Tunisia also surged. There was,
however, wide divergence in the pattern of financial instruments used across countries. In Egypt,
net debt inflow in 2012 was composed entirely
of short-term debt inflows, about 72 percent,

14

and the rest from official creditors, primarily
bilateral inflows from Saudi Arabia. In contrast,
almost 90 percent of net debt flows in Lebanon
came from bonds issued in international capital
markets, partly to refinance upcoming maturities. Morocco returned to the international bond
market in 2012 with a $1.5 billion sovereign bond
that combined a 10-year and a 30-year note, and
was heavily oversubscribed. Tunisia successfully
issued its first bond since the Arab uprising in
July, 2012—$485 million guaranteed by the U.S.
Agency for International Development.
Net equity flows, primarily foreign direct
investment, rose over 40 percent in 2012 with
the majority of countries in the region recording
higher inflows. The Islamic Republic of Iran was
the single largest recipient, receiving on average 28
percent of foreign direct investment into the region
in 2011–12, primarily into the hydrocarbon sector. However, but the most pronounced rises were
in Egypt and, to a lesser extent, Tunisia. The net
inflow of net foreign direct investment to Egypt
jumped to $2.8 billion in 2012, from 2011, but
remained far short of its precrisis peak of $11.6
billion in 2007. Tunisia also saw foreign direct

O V E R V I E W

investment rebound in 2012 to a net inflow of
$1.6 billion, close to four times its 2011 level.
External debt stocks, in relation to export
earnings, were the lowest of any region in 2012.
They averaged 42.1 percent at the end of 2012,
compared with 74 percent in other developing countries. This outcome is the result of a
very high share of non-debt capital flows to the
region and relatively robust export earnings.
Debt service payments absorbed only a moderate
5.1 percent of export earnings, almost half the
average of 9.9 percent in other developing countries. International reserves stood at 158 percent
of external debt stocks at the end of 2012, but
the regional aggregate was heavily weighted by
Algeria’s high level of international reserves and
low external debt level. In contrast, Egypt, which
accounted for nearly one-quarter of the external
debt stock of the region at the end of 2012, has
international reserves equivalent to 29 percent of
outstanding external debt.

Net Foreign Direct Investment Inflows to Major
Recipients, 2011–12
Iran, Islamic Rep.
Lebanon
Morocco
Egypt, Arab Rep.
Algeria
Tunisia
Jordan
Yemen, Rep.
–1

0

1

2

3

4

5

6

US$ (billion)
2012
2011
Source: International Monetary Fund.

Ratio of External Debt and Debt Service to
Exports, 2007–12
100
90
80

Net Debt Flows to Select Countries, 2011–12

US$ (billion)

6

Percent

70
60
50

5

40

4

30

3

20

2

10

1

0
2007

0

2008

2009

2010

2011

2012

Debt service to exports

–1
Egypt, Arab Lebanon
Rep.
Short-term
Bonds

Morocco

Tunisia

Debt stock to exports, MENA
Debt stock to exports

Other long-term
Official creditors

Source: World Bank Debtor Reporting System.

Debt service to exports, MENA
Sources: World Bank Debtor Reporting System and the International Monetary Fund.

15

I N T E R N A T I O N A L

D E B T

S T A T I S T I C S

2 0 1 4

South Asia
External Debt Stock and Net Capital Flows to South Asia, 2007–12
$ billion

External Debt Stock

2007

2008

2009

289.2

2010

2011

2012

409.8

322.7

363.1

461.8

501.5

115.8

64.6

89.9

107.0

84.7

96.1

Percent of GNI (%)

7.7

4.2

5.3

5.2

3.7

4.2

Net equity inflows

66.4

35.1

63.6

61.1

36.1

50.8

Net FDI inflows

32.5

50.9

39.5

31.2

40.4

27.4

Net portfolio equity inflows

34.0

−15.8

24.1

29.9

−4.3

23.4

49.4

29.6

26.3

45.9

48.6

45.3

Official creditors

4.4

8.8

11.0

10.8

6.6

4.0

World Bank

2.0

1.4

2.4

3.3

2.0

0.9

−0.1

3.1

3.6

2.0

0.0

−1.6

Private creditors

44.9

20.7

15.4

35.0

42.0

41.3

Net medium- and long-term debt flows

32.0

12.9

12.7

23.3

19.3

27.9

Bonds

10.7

1.7

1.9

10.1

0.7

5.1

Banks and other private

21.3

11.2

10.9

13.2

18.5

22.8

Net short-term debt flows

12.9

7.9

2.6

11.7

22.7

13.4

−101.1

24.0

−30.1

−16.6

4.8

−0.2

Net private and official inflows

Net debt flows

IMF

Memorandum items
Change in reserves (− = increase)

Sources: World Bank Debtor Reporting System, International Monetary Fund, and Bank for International Settlement.

The region saw net capital inflows rise by
13 percent in 2012, equivalent to 4.2 percent of
GNI (versus 3.7 percent in 2011) because of an
increase in portfolio equity flows of $28 billion.
These offset the slowdown in foreign direct investment and pushed non-debt flows up by 41 percent
over their 2011 level. In contrast, a sharp contraction in short-term debt flows overshadowed the
rise in long–term debt flows from private creditors
and pulled total net debt flows down by 7 percent
in 2012.
India has absorbed 95 percent of net capital
flows into the region since 2007. In 2012 India’s
share was $91 billion, fairly evenly divided
between debt and non-debt flows. The level of net
debt flows was broadly unchanged from 2011, but
the composition of debt by maturities changed.
A 29 percent fall in short-term debt flows was
offset by new long-term financing, primarily
from bond issuance by public sector entities (up
fourfold from 2011) and a 30 percent increase
in net long-term flows from commercial banks
to private-sector borrowers, often supported by
an export credit guarantee. Even though foreign

16

direct investment flows fell by a third in 2012 to
$24 billion, their lowest level since 2005, India
remained the third most important developing
country destination for investment flows, after
Brazil and China. The downturn was additionally offset by a significant turnaround in portfolio
equity flows of $28 billion, which pushed 2012’s
total non-debt flows up by 44 percent from their
2011 level.
Countries in the region are relatively poor:
with the exception of Sri Lanka, all are IDAeligible countries, but official creditors account
for a small share of net debt flows. In the wake
of the global economic and financial crisis, debt
related flows from official creditors, including
from the IMF, averaged $11 billion in 2009–10.
This accounted for about 60 percent of net debt
flows to the public sector and close to one-third of
total net debt flows. Thereafter they have been on
a declining trajectory and by 2012 had fallen to
$4 billion, their lowest level since 2005, less than
9 percent of net debt flows. An important element
was the $2.3 billion IMF repurchase (payment) by
Pakistan in the context of the Standby Agreement

O V E R V I E W

Net Debt Flows from Official Creditors, 2007–12
12
10
8
US$ (billion)

concluded in 2008. Net outflows from Pakistan
to IBRD ($82 million) and from India to IDA
($250 million) lowered net inflows to the region
from the World Bank Group (IBRD and IDA) by
56 percent, compared with 2011. Regional aggregates mask an increase in bilateral flows in 2012,
principally to Bangladesh and Sri Lanka.
External debt stocks at the end of 2012,
measured in relation to exports and to GNI,
remained moderate, 93.7 percent and 21.9 percent, respectively. However, the regional averages
mask important differences between countries.
The external debt to export ratio ranged from
83.5 percent in India to 194.3 percent in Pakistan;
and the external debt to GNI ratio ranged from
20.8 percent in India to 43.6 percent in Sri Lanka.
Similarly for India, international reserves stood at
71.4 percent of external debt stocks at the end of
2012, compared with 16.6 percent in Pakistan.

6
4
2
0
–2
2007

2008

SAS

2009

2010

India

2011

2012

Pakistan

Other

Source: World Bank Debtor Reporting System.

Ratio of External Debt Stocks to GNI and Exports,
2012
250

India, Composition of Net Capital Flows, 2011–12

200

US$ (billion)
2011

Sources: World Bank Debtor Reporting System and the International Monetary Fund.

ia
As

ka

ut
h
So

an
st

iL
Sr

ki

an

al

s
ve

ep
N

ad

External debt
stock to GNI

2012

Pa

40

di

ta
is

30

ng
l

20

Ba

an

10

gh

0

Af

–10

di

0

In

Foreign direct
investment

al

50

n

Portfolio
equity flows

a

100

M

Long-term
debt flows

150

es
Bh h
ut
an

Percent

Short-term
debt flows

External debt
stock to exports

Sources: World Bank Debtor Reporting System and the International Monetary Fund.

17

I N T E R N A T I O N A L

D E B T

S T A T I S T I C S

2 0 1 4

Sub-Saharan Africa
External Debt Stock and Net Capital Flows to Sub-Saharan Africa, 2007–12
$ billion
2007

2008

2009

2010

2011

2012

213.0

217.7

245.7

269.1

297.6

331.2

58.1

46.6

56.5

59.5

62.9

73.6

Percent of GNI (%)

7.2

5.1

6.4

5.6

5.3

6.1

Net equity inflows

40.6

38.7

48.2

40.4

39.0

46.4

Net FDI inflows

30.4

44.3

37.7

32.2

40.0

37.0

Net portfolio equity inflows

10.2

−5.6

10.5

8.2

−1.0

9.4

17.6

7.9

8.3

19.1

23.9

27.2

Official creditors

2.7

5.0

10.2

13.5

12.8

11.0

World Bank

2.4

1.9

3.1

4.0

3.2

3.9

IMF

0.1

0.7

2.2

1.2

1.4

0.9

14.8

2.8

−1.9

5.6

11.1

16.2

External Debt Stock
Net private and official inflows

Net debt flows

Private creditors
Net medium- and long-term debt flows

8.8

0.9

3.6

2.6

9.5

8.2

Bonds

7.5

−1.6

2.0

1.4

6.0

3.6

Banks and other private

1.3

2.5

1.6

1.2

3.4

4.6

Net short-term debt flows

6.0

1.9

−5.5

3.0

1.6

8.0

−29.1

−10.4

−3.7

0.5

−16.1

−21.0

Memorandum items
Change in reserves (− = increase)

Sources: World Bank Debtor Reporting System, International Monetary Fund, and Bank for International Settlement.

Net capital flows to Sub-Saharan Africa rose
17 percent in 2012, primarily as a consequence
of a sharp rise in portfolio equity flows to Nigeria
and a surge in short-term debt inflows to South
Africa. Almost two-thirds of the $74 billion 2012
inflows constituted non-debt flows. Net capital
flows as a share of GNI increased to 6.1 percent
(5.3 percent in 2011), and to almost 7 percent,
excluding South Africa.
In 2012, just two countries, Nigeria and
South Africa, absorbed 45 percent of net capital
flows to Sub-Saharan Africa. Even though it saw
the net inflow of foreign direct investment fall by
20 percent compared with its 2011 level, Nigeria
received the highest share, over one-third, of net
equity flows into the region in 2012, mostly to the
hydrocarbon sector. This was more than offset by
the surge in portfolio equity flows, which totaled
$10 billion in 2012, due to investors increasingly
attracted by the country’s economic prospects.
Nigeria is the only developing country in SubSaharan Africa where portfolio equity flows have
been on a continuous upward trajectory since the
global financial and economic crisis. In contrast,

18

the 142 percent jump in net capital flows to South
Africa in 2012 was largely debt-related. Net debt
flows jumped to $11.7 billion, from $4.4 billion
in 2011—mostly due to an increase in short-term
debt flows, which surged to $7.3 billion from an
outflow of $1.2 billion in 2011.
Net debt flows to countries in Sub-Saharan
Africa, other than South Africa, declined by 21
percent in 2012. The reason for the downturn lay
in the sharp 75 percent contraction in short-term
debt flows and a 23 percent fall in net inflows from
official creditors, on which many countries in the
region depend. In addition, inflows from private
creditors fell by 18 percent over their 2011 level.
Net inflows from multilateral creditors constituted
over two-thirds of official flows, with IDA being
by far the most important creditor. It provided
$3.3 billion to the region in 2012 in net concessional loans, equivalent to half of all net multilateral debt inflows, and an additional $1.4 billion
in grants. Inflows from IDA were heavily concentrated with 50 percent going to three countries,
Ethiopia, Nigeria, and Tanzania. Most bilateral
debt inflows came from nontraditional developing

O V E R V I E W

Net Capital Flows to Sub-Saharan Africa, 2007–12
80
70
US$ (billion)

60
50
40
30
20
10
0
2007

2008

2009

South Africa

2010

2011

Other SSA

2012

Nigeria

Sources: World Bank Debtor Reporting System and the International Monetary Fund.

Net Debt Flows to Sub-Saharan Africa, excluding
South Africa, 2007–12
14
12
10
US$ (billion)

country creditors, notably China and, to a lesser
extent, Brazil and India. The bulk of these inflows
were directed at large-scale infrastructure projects
and half of net inflows in 2012 was concentrated
in four countries: Ethiopia, Ghana, Mozambique,
and Senegal. Long-term inflows from private
creditors rose 19 percent, to $5.2 billion, of which
the largest share went to private-sector borrowers.
Inflows to public-sector borrowers were largely
confined to East Africa: Zambia joined the ranks
of countries in the region to tap international
bond markets with a $750 million debut issue that
was 15 times oversubscribed, and Kenya raised
$600 million for infrastructure financing through
a syndicated bank loan.
Foreign direct investment has become the
most important element of net capital flows
for countries across the region, accounting for
55 percent of net capital inflows in 2012, excluding South Africa. In 2012 they were again boosted
by high commodity prices, the wealth of natural
resources across the continent, and relatively
high levels of return on investment. A large share
of foreign direct investment inflows went to
the hydrocarbon and other extractive sectors in
Nigeria, the single largest recipient. The region
also experienced a jump in investment in largescale infrastructure projects. In some of the large
economies like Ghana and Nigeria, demographic
changes, such as a growing middle class, resulted
in an increasing share of investment flows directed
to consumer-oriented manufacturing and rapidly
expanding consumer service sectors.
Debt indicators have improved significantly
since 2000 due to economic reforms, a favorable
external environment, increased aid, and debt
restructuring and debt relief. External debt stocks
at the end of 2012 were 71.5 percent of exports
and 27.2 percent of GNI, a marginal deterioration
from 63.3 percent and 25.2 percent, respectively
in 2011. Two more countries in the region, Côte
d’Ivoire and Guinea reached the HIPC Completion
Point in 2012 and received around $6.3 billion in
debt relief under the HIPC and Multilateral Debt
Relief Initiative and additional debt relief from
bilateral, Paris Club creditors.

8
6
4
2
0
–2
2007

2008

2009

2010

Official creditors
Private long-term debt

2011

2012

Short-term debt

Source: World Bank Debtor Reporting System.

Net Inflow of Foreign Direct Investment to Select
Countries, 2011–12
Nigeria
Mozambique
Ghana
Congo, Dem. Rep.
Congo, Rep.
Sudan
Uganda
Tanzania
Liberia
Mauritania
Zambia
0

2

4

6

US$ (billion)

2012
Source: International Monetary Fund.

19

2011

8

10

I N T E R N A T I O N A L

D E B T

S T A T I S T I C S

2 0 1 4

The external debt stock of high-income countries
rose moderately in 2012, and the maturity structure improved, although short-term debt, as a
share of total external debt, 42 percent, remained
high. The total external debt stock (measured on a
gross basis) for high-income countries2 reporting
to the Quarterly External Debt Statistics (QEDS)
database rose 3 percent in 2012, to $66.7 trillion,
much slower than the 5 percent increase recorded
in 2011, and considerably less than the 9 percent
rise in the external debt stock of developing countries in the same period. Most of the increase in

high-income countries’ external debt stock was
driven by the rise in the debt of the general government, particularly in France, Germany, Greece,
Italy, Spain, and the United States. Together these
six countries accounted for just over three-quarters
of the $1.4 trillion rise in external debt owed by
governments of high-income countries. In 2012,
there was a perceptible shift toward long-term
debt, which increased to 58 percent of total external debt, up from 55 percent the previous year.
External debt, measured relative to GDP, is
on average very high, and the situation worsened
in 2012. Additional borrowing in 2012, coupled
with the slow growth in output, led to an increase
in the level of external debt relative to GDP in
most of the high income countries; on average,
the level was 143 percent in 2012 compared
with 138 percent in 2011. There was, however,
a wide disparity between countries that ranged
from upward of 230 percent of GDP in the case of
Finland, Greece, and Portugal, to below 40 percent
for the least indebted countries like Israel, the
Republic of Korea, and Russia. (figure II.1).
The Group of Seven (G7) countries together
owed almost two-thirds of the external debt of
high-income countries: $43 trillion at the end of
2012 (see table II.1). As a group, they saw debt rise
much more slowly than the average for other highincome countries in 2012, 1.1 percent as compared
to 7.6 percent, and at a much slower pace than
the 5 percent rise recorded in 2011. There was,
however, wide disparity at the individual country
level. Canada had the sharpest increase in external
debt in 2012, 11.7 percent, followed by Germany
and Italy, 7 percent. A more moderate increase
was recorded by France and the United States,
3.8 percent and 1.1 percent, respectively, while in
Japan and the United Kingdom, the stock of external debt contracted: 3.2 percent and 5.1 percent,
respectively. The combined stock of external debt
of G7 countries was 127 percent of GDP at the end
of 2012, virtually unchanged from the previous
year, with improvements in some countries offsetting the deterioration in others (see figure II.2).

2. High-income countries reporting to the SDDS
QEDS database include: Australia; Austria; Belgium;
Canada; Chile; Croatia; Czech Republic; Denmark; Estonia;
Finland; France; Germany; Greece; Hong Kong SAR,
China; Iceland; Ireland; Israel; Italy; Japan; Republic of

Korea; Latvia; Lithuania; Luxembourg; Malta; Netherlands;
New Zealand; Norway; Poland; Portugal; the Russian
Federation; Singapore; Slovak Republic; Slovenia; Spain;
Sweden; Switzerland; United Kingdom; United States; and
Uruguay.

II. Quarterly External Debt Statistics
About the data
The Quarterly External Debt database (QEDS)
was developed jointly by the International
Monetary Fund and the World Bank in the wake
of the 1997 Asian crisis, in response to the widespread demand for comprehensive and readily
available high frequency data to facilitate macroeconomic analysis and cross-country data comparisons at the global level. The data are compiled
and classified in accordance with the International
Monetary Fund Special Data Dissemination Standard (SDDS) or General Data Dissemination Standard (GDDS). They provide quarterly information
on the stock of outstanding external liabilities,
categorized by maturity as well as by borrowing
entity and instrument. Reporting is voluntary, but
to date 70 countries have agreed to participate in
the SDDS/QEDS database, of which 69 countries
currently provide data. An additional 48 countries
have agreed to participate in the GDDS/QEDS
database, of which 43 countries have thus far
reported. Unlike the World Bank Debtor Reporting System, to which countries borrowing from
IBRD and IDA are obligated to report, QEDS is
open to any country, developing or high-income,
that accepts the reporting standards and agrees to
participate: 41 of the countries currently providing
data to the QEDS are high-income countries.

Trends in 2012 External Debt of High-Income
Countries

20

O V E R V I E W

Figure II.1. Selected High-Income Countries,
External Debt to GDP Ratio, 2010–12

Figure II.2. G7 Countries, External Debt to GDP
Ratio, 2008–12

Portugal

450

Finland

400

Greece
350

France
Austria

300
Percent

Sweden
Denmark
Spain

250
200

Germany
150

Norway
Latvia

100

Slovenia
50

Italy
New Zealand

0
2008

Croatia
Estonia

2009

2010

2011

2012

G7 countries

United States

United States

United Kingdom

Australia
Lithuania
Slovak Rebublic
Poland

France

Canada

Germany

Japan

Italy

Canada

Source: World Bank Quarterly External Debt Statistics Database.

Czech Republic
Japan

The United Kingdom saw the most significant
change with the ratio of external debt to GDP falling to 388 percent, from 407 percent in 2011, and
there was a marginal improvement in Japan and in
the United States. Conversely, France, Germany,
and Italy all saw a marked jump in their external
debt burden relative to GDP in 2012. The United
Kingdom has far and away the highest level of
external debt to GDP among G7 countries, but the
external debt of France moved above 200 percent in
2012, and that of Germany climbed to 168 percent.

Chile
Uruguay
Israel
Korea, Rep.
K
Russian Federation
0

50

100 150 200
Percent
2011
2010
2012

250

Source: World Bank Quarterly External Debt Statistics Database.

Table II.1. G7 Countries, External Debt Stock, 2008–12
$ billion
2008

Canada

2009

2010

2011

2012

839.6

998.7

1,105.8

1,191.5

1,331.3

France

4,879.5

5,164.3

5,145.2

5,172.7

5,370.7

Germany

5,123.4

5,110.3

5,227.6

5,332.8

5,716.5

Italy

2,395.3

2,551.2

2,435.2

2,349.7

2,516.0

Japan

2,230.6

2,086.4

2,588.6

3,115.2

3,016.8

United Kingdom

9,106.7

9,409.5

9,483.0

9,960.6

9,457.2

United States

13,749.6

13,661.8

14,516.5

15,508.2

15,680.5

Total G7 countries

38,324.8

38,982.2

40,501.8

42,630.6

43,089.0

Source: World Bank Quarterly External Debt Statistics Database.
Note: G7 = Group of Seven (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States).

21

I N T E R N A T I O N A L

D E B T

S T A T I S T I C S

2 0 1 4

Trends in 2012

III. Public Sector Debt
About the Data
The global economic and financial crisis of 2008
revealed the absence of transparent and comprehensive data on public sector debt (both domestic
and external). Without this data, it is difficult to
assess and anticipate fiscal risk and the impact
of financial shocks on macroeconomic outcomes
and costs to the public sector. To address and
rectify these shortcomings, the Inter-Agency
Group (IAG) recommended the creation of a
public sector debt database consistent with the
methodological framework of the Public Sector
Debt Statistics Guide for Compilers (GFSM 2001,
SNA 2008).
As part of the Open Data Initiative, the World
Bank, in partnership with the IMF, launched an
online, quarterly, Public Sector Debt database in
December 2010. It aims to address the demand
for comprehensive, high frequency data measuring countries’ government and public sector debt
obligations, domestic and external, to complement
the external debt information captured through
the World Bank Debtor Reporting System (DRS)
and the joint IMF–World Bank Quarterly External
Debt Statistics (QEDS). Currently, 72 developing
and high-income countries report to the Public
Sector Debt database. The Public Sector Debt
database provides data on debt of both the central government and the broad public sector and
includes the maturity structure.

Government debt levels in many advanced economies continued to rise in 2012 despite programs
of fiscal austerity and, in some cases, debt
restructuring. This rise is clearly illustrated by
the European Union (EU), where the persistence
of the economic slowdown throughout 2012,
and the fiscal measures to contain the economic
and social impact, impeded efforts to rein in
public debt levels. Twelve of the EU-15 countries
saw the level of government debt rise, or remain
static, relative to GDP in 2012 (see table III.1).
The average government debt to GDP ratio rose
to 79.5 percent (it was 75.9 percent in 2011),
and two-thirds of these countries had a government debt to GDP ratio above 60 percent. High
government debt levels were not restricted to
countries in the Euro zone. Japan recorded a government debt to GDP ratio of 195 percent at the
end of 2012, while in the United States and the
United Kingdom, it stood at 94 percent and 89
percent, respectively.
The four most heavily indebted European
countries, Greece, Ireland, Italy, and Portugal, had
a government debt to GDP ratio of 120 percent
or more in 2012. Moreover, with the exception
of Greece, debt levels in these countries continued
on a rising trajectory. Ireland has experienced the
sharpest rise in government debt, from a precrisis
level of 28 percent of GDP in 2007 to 120 percent
in 2012. Over the same period, Portugal’s

Table III.1 EU-15, Government Debt to GDP, 2007–12
Percent

Luxembourg

2007

2008

2009

2010

2011

2012

5

13

14

18

17

19

Sweden

39

36

40

37

35

34

Denmark

24

30

36

39

43

41

Finland

32

31

39

44

45

48

Germany

40

41

45

53

51

51

Netherlands

44

57

59

61

62

68

Austria

56

60

65

66

66

68

Spain

32

35

49

55

61

77

France

56

60

69

72

74

80

United Kingdom

43

52

68

79

85

89

Belgium

82

87

91

91

93

94

Italy

97

100

109

112

114

120

Ireland

28

47

67

94

108

120

Portugal

69

72

85

96

108

125

107

112

129

153

177

158

Greece

Source: World Bank Public Sector Debt Database.

22

O V E R V I E W

Figure III.1 Government Debt to GDP, 2007–12
180

Figure III.3 Government Debt, Currency
Composition
100

160
140

75
Percent

Percent

120
100
80

50
25

60
40

0
China

20
0

Ireland

Portugal
2007
2010

Italy
2008
2011

Greece

2009
2012

Figure III.2 Government Debt to GDP, 2009 and
2012
80
70

Percent

60
50
40
30
20
10
0
Brazil
2009

Turkey

South
Africa

Domestic currency

Mexico

Turkey

Foreign currency

Source: World Bank Public Sector Debt Database.

Source: World Bank Public Sector Debt Database.

India

Brazil

China

2012

Source: World Bank Public Sector Debt Database.

government debt rose from 69 percent to 125
percent of GDP. Italy entered the crisis with an
elevated level of government debt, which has continued to rise in each successive year. In Greece,
restructuring in late 2011 and early 2012 reduced
the level of government debt, but it remained the
highest of all EU-15 countries at the end of 2012,
158 percent (see figure III.1).
Government debt to GDP levels in developing
countries are, on average, much lower than those
of high-income countries, and on a downward
trajectory. For developing countries reporting to

the Public Sector Debt database, the government
debt to GDP ratio ranged from 10 percent to
70 percent in 2012 and was, in most instances,
lower than the comparable ratio for 2008. At
the upper end of the spectrum, Brazil and India
saw government debt fall from 60 percent and
74.7 percent of GDP, respectively, in 2009 to
56.7 percent and 68.5 percent, respectively, in
2012. In Turkey, the comparable ratio fell from
46.3 percent in 2009 to 37.6 percent in 2012, and
at the lower end, China has seen its government
debt fall from 17.7 percent to 14.9 percent of GDP
over the same period (see figure III.2).
In developing countries, a remarkable feature
of the past few years has been the substantial
jump in the domestic currency component of
government debt. As options for borrowing in
domestic markets have expanded, governments in
developing countries have looked to debt issued
in domestic currency as a mechanism to reduce
exposure to exchange rate fluctuations and to
correct currency and maturity mismatches. Brazil
and China now raise virtually all (on average 98
percent) of central government financing requirements in domestic markets, and countries like
Mexico, South Africa, and Turkey also finance a
comparable share of central government financing in domestic markets. At the end of 2012,
the domestic currency component of the central
government debt of developing countries reporting to the Public Sector Debt database averaged
57 percent of the total, after excluding Brazil and
China (see figure III.3).

23

Summary Tables

25

S U M M A R Y

Summary Table 1. Present Value of Debt, 2012

Country name

Afghanistan
Albania
Algeria
Angola
Argentina
Armenia
Azerbaijan
Bangladesh
Belarus
Belize
Benin
Bhutan
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
Bulgaria
Burkina Faso
Burundi
Cambodia
Cameroon
Cape Verde
Central African Republic
Chad
China
Colombia
Comoros
Congo, Dem. Rep.
Congo, Rep.
Costa Rica
Côte d’Ivoire
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt, Arab Rep.
El Salvador
Eritrea
Ethiopia
Fiji
Gabon
Gambia, The
Georgia
Ghana
Grenada

Total external debt stocks
$ million

2,709
6,934
5,643
22,171
121,013
7,608
9,712
26,130
34,173
1,241
2,055
1,459
6,909
10,577
2,488
440,478
50,750
2,506
663
5,716
3,672
1,261
552
1,831
754,009
79,051
251
5,651
2,829
14,458
9,871
808
284
16,851
16,931
40,000
13,279
994
10,462
732
2,870
513
13,426
12,436
591

Present value of external Ratio of present value of Ratio of present value of
debt
debt to exports
debt to GNI
$ million
(%)
(%)

668
5,556
3,389
19,147
101,478
5,886
11,469
15,908
29,254
952
365
1,216
1,840
8,028
1,629
390,445
46,321
769
310
3,985
1,762
695
682
231
734,316
68,403
157
3,868
1,906
12,698
3,471
540
203
13,433
13,757
32,487
11,314
567
2,618
539
2,322
93
12,041
2,959
681

16
146
4
27
103
157
30
57
55
91
..
171
15
139
25
133
133
..
130
46
23
88
..
..
32
97
..
44
..
95
..
111
103
107
52
67
184
..
44
..
..
27
170
18
341

..
43
..
19
22
56
19
13
47
..
5
73
7
46
12
18
94
7
13
30
7
37
32
2
9
19
26
24
18
29
15
..
44
24
17
13
50
19
6
14
14
11
77
8
91
(table continues next page)

27

T A B L E S

I N T E R N A T I O N A L

D E B T

S T A T I S T I C S

2 0 1 4

Summary Table 1. Present Value of Debt, 2012 (continued)

Country name

Guatemala
Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
Hungary
India
Indonesia
Iran, Islamic Rep.
Jamaica
Jordan
Kazakhstan
Kenya
Kosovo
Kyrgyz Republic
Lao PDR
Lebanon
Lesotho
Liberia
Macedonia, FYR
Madagascar
Malawi
Malaysia
Maldives
Mali
Mauritania
Mauritius
Mexico
Moldova
Mongolia
Montenegro
Morocco
Mozambique
Myanmar
Nepal
Nicaragua
Niger
Nigeria
Pakistan
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Romania

Total external debt stocks
$ million

14,975
1,097
279
1,974
1,154
4,987
203,757
379,099
254,899
11,477
14,333
18,632
137,014
11,569
2,002
6,026
6,372
28,950
860
487
6,678
2,896
1,314
103,950
1,027
3,073
3,348
4,459
354,897
6,135
5,080
2,833
33,816
4,788
2,563
3,818
8,858
2,340
10,077
61,867
12,294
23,128
6,331
54,148
61,390
131,889

Present value of external Ratio of present value of Ratio of present value of
debt
debt to exports
debt to GNI
$ million
(%)
(%)

12,466
889
232
849
166
773
166,449
324,340
226,355
7,607
13,625
17,004
114,443
7,833
982
4,446
4,595
26,575
510
215
6,025
1,163
1,306
94,789
806
750
865
3,934
320,189
5,325
3,694
2,468
28,089
2,980
903
2,351
4,602
896
4,330
46,279
10,297
19,061
5,421
49,847
52,331
111,675

28

97
42
..
49
15
12
132
71
106
..
290
119
116
70
66
140
158
90
31
..
133
..
93
34
34
..
30
52
80
139
68
125
85
58
..
108
92
..
4
145
35
..
43
97
87
173

25
14
78
30
2
5
142
18
27
..
95
55
66
21
15
73
53
63
19
13
63
12
32
32
43
8
21
37
28
68
39
59
30
20
..
12
45
14
2
19
26
127
23
27
25
67

S U M M A R Y

Summary Table 1. Present Value of Debt, 2012 (continued)

Country name

Rwanda
Samoa
São Tomé and Príncipe
Senegal
Serbia
Seychelles
Sierra Leone
Solomon Islands
Somalia
South Africa
Sri Lanka
St. Lucia
St. Vincent and the Grenadines
Sudan
Swaziland
Syrian Arab Republic
Tajikistan
Tanzania
Thailand
Togo
Tonga
Tunisia
Turkey
Turkmenistan
Uganda
Ukraine
Uzbekistan
Vanuatu
Venezuela, RB
Vietnam
Yemen, Rep.
Zambia
Zimbabwe

Total external debt stocks
$ million

1,269
423
202
4,900
34,438
2,024
1,121
228
3,055
137,501
25,382
473
267
21,840
460
4,736
3,648
11,581
134,223
754
197
25,475
337,492
492
3,769
135,067
8,853
369
72,097
59,133
7,555
5,385
7,713

Present value of external Ratio of present value of Ratio of present value of
debt
debt to exports
debt to GNI
$ million
(%)
(%)

905
245
163
679
29,178
1,872
889
148
3,814
68,480
19,287
363
179
25,583
373
4,098
2,611
2,818
112,750
315
129
21,192
307,872
347
1,429
124,585
6,579
316
69,381
46,519
4,445
3,476
7,509

88
98
529
..
182
2693
66
22
..
60
140
60
89
564
16
..
155
32
40
..
159
94
145
..
30
133
..
76
68
37
..
35
..

..
38
62
5
80
190
23
21
..
18
33
31
26
47
11
6
38
10
32
9
27
49
39
1
9
72
12
41
19
35
13
18
83

Note: GNI = gross national income; .. = not available. For definition of indicators, see “About the Data” section at the back of the book.
Country names in bold italics are based on the latest available Debt Sustainability Analysis for Low-Income Countries (LIC DSA) and include
the effects of traditional relief, debt relief under the Heavily Indebted Poor Country (HIPC) Initiative as well as relief under the Multilateral
Debt Relief Initiative (MDRI). Under the MDRI, the International Development Association (IDA), the International Monetary Fund (IMF),
and the African Development Fund (AfDF) provide debt stock cancellation to post-completion point HIPC countries on debt owed to the
three institutions. The Inter-American Development Bank (IDB) provides similar debt stock cancellation under the IDB 2007 Debt Initiative.
MDRI debt relief provides 100 percent stock cancellation on debt disbursed before end-2004 (for the IMF, AfDF, and IDB) or end-2003 (for
IDA), and still outstanding at the time the country reaches the completion point under the HIPC Initiative. In line with the Debt Sustainability
Framework for low-income countries, only the conditional debt relief under HIPC is included for countries in the interim period (between
decision and completion point of the HIPC initiative).

29

T A B L E S

I N T E R N A T I O N A L

D E B T

S T A T I S T I C S

2 0 1 4

Summary Table 2. Public and Publicly Guaranteed Debt, Multilateral Creditors, 2012
US$ million
Country name

Afghanistan
Albania
Algeria
Angola
Argentina
Armenia
Azerbaijan
Bangladesh
Belarus
Belize
Benin
Bhutan
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
Bulgaria
Burkina Faso
Burundi
Cambodia
Cameroon
Cape Verde
Central African Republic
Chad
China
Colombia
Comoros
Congo, Dem. Rep.
Congo, Rep.
Costa Rica
Côte d’Ivoire
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt, Arab Rep.
El Salvador
Eritrea
Ethiopia
Fiji
Gabon
Gambia, The
Georgia
Ghana
Grenada
Guatemala

Multilateral
(excluding IMF)

IBRD

1,121
1,871
7
491
18,351
1,861
2,804
19,512
2,205
267
1,097
434
3,013
2,876
1,848
27,860
2,453
1,896
336
1,631
1,127
637
42
1,478
34,614
16,184
172
2,353
164
1,857
518
420
128
3,537
5,137
10,441
3,786
654
4,112
135
476
278
2,308
3,698
189
4,492

0
59
7
0
5,625
236
808
0
424
11
0
0
0
455
97
11,439
1,210
0
0
0
13
1
0
0
12,913
7,706
0
0
0
585
0
0
0
910
296
3,109
983
0
0
0
34
0
350
0
11
1,395

30

IDA

422
874
0
420
0
1,235
833
11,159
0
0
435
175
443
1,193
3
0
0
898
175
589
498
313
23
830
6,777
0
90
962
91
0
118
151
27
6
7
1,230
6
480
2,801
0
0
63
1,295
2,523
48
0

Other multilateral

Use of IMF credit

699
937
0
70
12,726
390
1,163
8,353
1,780
256
661
260
2,570
1,228
1,747
16,422
1,243
998
162
1,041
615
323
19
649
14,923
8,478
82
1,391
73
1,271
399
269
101
2,621
4,834
6,102
2,797
174
1,311
135
443
215
664
1,175
129
3,097

388
107
1,842
1,740
3,105
911
252
1,213
3,588
32
210
9
252
888
88
4,437
939
301
249
129
440
18
183
87
10,743
1,135
28
1,260
152
241
1,265
58
27
1,513
443
1,381
252
23
484
103
225
94
965
1,253
45
309

S U M M A R Y

Summary Table 2. Public and Publicly Guaranteed Debt, Multilateral Creditors, 2012 (continued)
US$ million
Country name

Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
Hungary
India
Indonesia
Iran, Islamic Rep.
Jamaica
Jordan
Kazakhstan
Kenya
Kosovo
Kyrgyz Republic
Lao PDR
Lebanon
Lesotho
Liberia
Macedonia, FYR
Madagascar
Malawi
Malaysia
Maldives
Mali
Mauritania
Mauritius
Mexico
Moldova
Mongolia
Montenegro
Morocco
Mozambique
Myanmar
Nepal
Nicaragua
Niger
Nigeria
Pakistan
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Romania
Rwanda

Multilateral
(excluding IMF)

IBRD

611
111
605
78
2,753
15,469
52,632
23,077
714
2,460
2,553
4,164
4,930
295
1,386
1,845
1,138
652
81
1,222
1,682
706
178
322
2,150
1,609
629
25,273
717
1,133
788
12,052
2,607
615
3,145
2,076
962
5,349
25,102
2,391
782
1,597
7,594
9,395
16,796
877

0
0
0
0
0
8
11,779
10,468
702
659
1,092
2,641
0
283
0
0
253
0
0
353
0
0
0
0
0
0
274
14,706
55
0
313
2,952
0
0
0
0
0
0
1,486
489
114
331
2,435
3,333
3,550
0

IDA

159
56
11
0
809
0
26,384
2,200
0
0
27
0
3,586
11
675
620
0
316
37
346
1,246
323
0
105
1,051
384
6
0
506
467
86
10
1,808
445
1,459
498
447
4,686
11,136
0
123
11
0
154
0
430

Other multilateral

Use of IMF credit

452
55
594
78
1,944
15,462
14,469
10,409
12
1,801
1,435
1,523
1,344
0
711
1,225
886
336
44
523
435
383
178
217
1,099
1,224
349
10,567
156
665
389
9,090
798
170
1,686
1,577
515
663
12,480
1,902
546
1,255
5,159
5,909
13,246
447

215
32
171
169
209
8,311
6,114
3,044
2,136
1,235
642
528
1,293
234
321
79
317
115
267
404
267
283
2,069
28
237
211
149
4,382
793
234
40
863
353
368
204
361
164
2,575
7,684
303
193
146
937
1,288
15,748
131
(table continues next page)

31

T A B L E S

I N T E R N A T I O N A L

D E B T

S T A T I S T I C S

2 0 1 4

Summary Table 2. Public and Publicly Guaranteed Debt, Multilateral Creditors, 2012 (continued)
US$ million
Country name

Multilateral
(excluding IMF)

IBRD

IDA

Other multilateral

Use of IMF credit

Samoa
São Tomé and Príncipe
Senegal
Serbia
Seychelles
Sierra Leone
Solomon Islands
Somalia
South Africa
Sri Lanka
St. Lucia
St. Vincent and the
Grenadines
Sudan
Swaziland
Syrian Arab Republic
Tajikistan
Tanzania
Thailand
Togo
Tonga
Tunisia
Turkey
Turkmenistan
Uganda
Ukraine
Uzbekistan
Vanuatu
Venezuela, RB
Vietnam
Yemen, Rep.
Zambia
Zimbabwe

240
38
2,526
6,072
90
482
94
798
2,782
6,624
226

0
0
0
1,915
24
0
0
0
1,077
3
15

103
14
1,320
708
0
226
39
442
0
2,750
64

137
24
1,207
3,449
65
255
55
356
1,705
3,872
147

26
16
442
2,517
54
274
35
243
2,744
3,118
41

201
3,467
213
1,641
981
5,443
503
205
65
8,752
23,177
44
3,035
13,316
1,710
62
5,637
16,025
3,350
1,077
1,626

6
0
2
0
0
0
162
0
0
2,197
13,152
8
0
3,224
222
0
0
984
0
0
463

23
1,288
2
14
372
4,030
0
14
23
14
30
0
2,033
0
198
10
0
9,059
2,104
565
512

173
2,178
209
1,627
609
1,413
340
191
42
6,541
9,995
35
1,002
10,092
1,290
51
5,637
5,982
1,246
512
651

23
645
74
429
287
641
1,491
254
10
419
2,510
107
272
12,795
404
25
3,909
484
504
1,126
520

All developing countries

544,673

130,407

123,772

290,493

145,690

90,392
102,514

27,973
29,267

20,611
8,362

41,809
64,884

20,320
52,649

135,693

47,602

1,954

86,137

23,676

41,068
108,893
66,113
67,192
477,481

10,312
13,267
1,986
463
129,945

3,549
53,590
35,707
38,280
85,493

27,208
42,036
28,420
28,449
262,044

8,590
18,757
21,698
11,443
134,248

East Asia and Pacific
Europe and Central Asia
Latin America and the
Caribbean
Middle East and North
Africa
South Asia
Sub-Saharan Africa
Low income
Middle income

Source: World Bank data.
Note: IBRD = International Bank for Reconstruction and Development; IDA = International Development Association; IMF = International
Monetary Fund.

32

Aggregate Tables

33

ALL DEVELOPING COUNTRIES
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

1,965,563
1,635,351
269,418
27,342
60,795

2,338,008
1,793,999
481,229
25,509
62,779

2,993,499
2,260,296
700,067
27,254
33,136

3,262,148
2,510,831
702,784
27,049
48,533

3,542,115
2,643,040
749,435
26,278
149,640

3,987,451
2,828,045
1,000,336
21,569
159,069

4,437,779
3,106,276
1,172,469
18,582
159,034

4,829,608
3,406,325
1,277,593
20,330
145,690

1,635,351
1,183,745
678,002
505,742
449,889

1,793,999
1,229,396
678,720
550,676
564,604

2,260,296
1,271,577
658,122
613,455
988,719

2,510,831
1,320,813
707,037
613,776
1,190,018

2,643,040
1,410,065
780,195
629,870
1,232,976

2,828,045
1,528,942
836,500
692,442
1,299,103

3,106,276
1,609,434
868,409
741,025
1,496,842

3,406,325
1,765,598
889,816
875,782
1,640,727

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

225,799
135,446
51,105
84,341
90,353

336,484
137,343
45,710
91,633
199,141

584,151
156,264
59,587
96,677
427,888

615,503
162,378
74,739
87,639
453,125

545,603
193,554
107,314
86,240
352,050

649,364
249,495
113,470
136,025
399,869

750,573
217,739
92,653
125,086
532,833

777,737
269,517
94,616
174,901
508,220

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

200,211
103,334
46,179
57,154
96,848

264,440
123,957
50,646
73,311
140,462

335,368
115,411
51,204
64,207
219,957

386,620
128,617
48,579
80,038
258,003

418,044
107,976
45,262
62,715
310,068

437,242
105,289
46,778
58,511
331,952

474,346
125,620
61,187
64,433
348,726

455,955
101,357
53,338
48,019
354,598

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

88,685
60,591
24,498
36,093
28,094

76,039
55,907
21,388
34,519
20,132

97,276
56,367
19,636
36,731
40,909

104,133
54,494
18,748
35,746
49,639

98,975
50,351
16,947
33,404
48,624

98,742
50,234
15,848
34,386
48,508

117,128
55,617
16,741
38,876
61,511

135,681
80,976
18,591
62,384
54,705

8,024
-2,637
10,691
20,692
27,186
-6,495
-10,001

120,684
-41,511
162,216
77,001
18,322
58,679
85,216

382,125
3,242
378,883
240,400
32,470
207,930
138,483

248,430
42,784
205,647
202,724
7,601
195,123
2,923

206,749
93,829
112,920
65,507
23,525
41,982
47,413

481,172
80,130
401,006
145,431
77,515
67,916
255,575

451,869
31,989
419,880
244,760
60,653
184,107
175,120

411,814
27,935
383,880
280,505
126,882
153,622
103,375

142,604
14,105

293,437
66,142

558,636
109,023

623,429
-40,623

380,309
110,947

511,562
123,378

654,719
2,687

612,165
97,585

..
60.9

15.1
62.4

17.2
61.2

16.0
61.5

16.7
60.5

14.5
61.4

13.5
62.1

13.0
63.2

5,318,897
1,540,449
76,314
1,638,802
64,228
-3,231
568,313

8,607,066
2,903,914
177,793
2,951,570
177,122
160,521
1,737,316

12,518,653
4,315,450
255,226
4,260,702
285,499
310,454
3,137,717

14,895,209
5,182,295
294,531
5,198,829
331,745
268,936
3,644,614

14,925,222
4,244,891
280,447
4,349,794
317,104
160,650
4,277,422

17,918,429
5,290,258
310,124
5,515,524
432,676
79,459
4,950,847

20,788,294
6,400,996
342,869
6,785,809
514,713
-77,059
5,426,656

21,874,356
6,716,046
348,130
7,093,344
486,302
-106,054
5,679,420

127.6
37.0
21.1
13.7
16.1
28.9
4.2

80.5
27.2
13.8
20.6
15.7
74.3
7.1

69.4
23.9
10.8
23.4
12.3
104.8
8.8

62.9
21.9
9.9
21.5
12.1
111.7
8.4

83.4
23.7
12.5
21.2
12.8
120.8
11.8

75.4
22.3
11.0
25.1
12.5
124.2
10.8

69.3
21.3
10.0
26.4
11.7
122.3
9.6

71.9
22.1
9.8
26.5
11.3
117.6
9.6

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

35

EAST ASIA AND PACIFIC
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

497,305
418,094
61,429
5,336
17,781

628,126
419,294
198,827
1,090
10,005

746,652
467,760
277,061
1,125
1,832

775,278
509,717
263,827
1,155
1,734

883,306
533,571
328,912
1,226
20,823

1,080,620
582,217
477,939
1,347
20,464

1,286,637
643,173
623,102
1,371
20,362

1,412,411
713,134
678,958
548
20,320

418,094
270,939
171,436
99,504
147,155

419,294
264,726
172,448
92,278
154,568

467,760
271,582
177,117
94,465
196,178

509,717
290,873
193,734
97,139
218,844

533,571
312,413
202,972
109,441
221,158

582,217
338,574
210,822
127,752
243,643

643,173
341,214
215,391
125,823
301,959

713,134
354,456
208,140
146,316
358,678

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

42,165
28,719
15,620
13,099
13,446

73,934
24,904
9,059
15,845
49,030

87,962
20,620
11,827
8,793
67,341

89,189
23,740
13,040
10,700
65,448

91,545
39,777
16,705
23,072
51,768

132,280
53,462
16,850
36,612
78,818

144,865
41,310
14,604
26,705
103,556

167,642
48,722
17,920
30,801
118,920

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

47,006
22,798
10,243
12,555
24,208

66,906
24,410
10,767
13,643
42,495

73,888
22,350
15,001
7,349
51,538

71,278
22,125
13,384
8,741
49,153

82,369
25,478
12,893
12,584
56,892

83,078
25,641
12,868
12,773
57,437

90,221
29,688
14,996
14,692
60,533

90,056
23,672
14,581
9,091
66,385

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

20,429
12,889
7,237
5,652
7,539

12,633
8,524
4,043
4,481
4,109

17,060
10,431
5,109
5,322
6,630

16,415
10,000
4,676
5,325
6,415

14,091
9,373
4,005
5,369
4,718

17,076
9,605
3,739
5,865
7,471

20,232
10,904
3,839
7,066
9,327

22,144
12,068
4,626
7,442
10,076

-14,461
6,602
-21,064
-10,217
544
-10,761
-10,846

42,319
-3,305
45,624
8,736
2,202
6,534
36,888

66,966
-3,209
70,175
17,247
1,444
15,803
52,927

4,599
-392
4,991
18,255
1,959
16,296
-13,263

74,313
3,936
70,377
5,364
10,488
-5,124
65,013

198,093
3,967
194,126
45,220
23,839
21,381
148,906

199,752
-423
200,175
55,035
12,013
43,022
145,140

134,214
3,289
130,925
74,246
21,711
52,535
56,679

45,168
6,589

129,086
25,907

196,378
35,063

211,229
-7,583

154,486
30,185

291,149
40,324

339,908
6,707

313,660
37,899

..
55.9

7.8
57.1

8.6
58.0

7.1
58.2

6.3
61.2

5.5
63.3

5.0
64.0

4.4
69.3

1,672,410
636,053
15,799
606,291
31,677
45,054
275,532

3,005,319
1,295,787
34,114
1,193,887
80,019
146,684
1,003,800

4,608,485
1,999,301
50,190
1,654,910
101,896
409,990
1,834,401

5,839,188
2,361,754
59,000
1,982,132
117,334
454,109
2,265,585

6,290,913
2,013,086
60,163
1,764,719
144,470
309,130
2,779,443

7,509,222
2,600,615
75,556
2,388,479
212,274
283,182
3,315,596

9,174,014
3,104,085
85,671
2,990,423
265,310
177,153
3,708,780

10,179,934
3,338,605
77,940
3,187,721
251,635
197,431
3,870,923

78.2
29.7
11.4
12.4
13.2
55.4
5.5

48.5
20.9
6.7
31.7
10.2
159.8
10.1

37.3
16.2
5.0
37.1
9.3
245.7
13.3

32.8
13.3
4.0
34.0
9.5
292.2
13.7

43.9
14.0
5.0
37.2
9.2
314.7
18.9

41.6
14.4
5.0
44.2
8.0
306.8
16.7

41.4
14.0
4.6
48.4
6.9
288.3
14.9

42.3
13.9
4.5
48.1
6.4
274.1
14.6

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

36

EUROPE AND CENTRAL ASIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

234,145
173,585
44,075
3,979
16,485

442,448
317,558
98,893
947
25,996

806,116
617,545
172,076
980
16,496

966,619
760,144
177,904
1,118
28,570

1,023,159
796,002
168,353
1,463
58,804

1,060,465
782,946
210,692
2,219
66,826

1,095,349
806,577
223,155
621
65,617

1,149,505
862,896
233,960
2,462
52,649

173,585
118,495
44,822
73,673
55,090

317,558
152,281
53,234
99,047
165,277

617,545
199,733
65,262
134,471
417,812

760,144
205,125
77,121
128,004
555,019

796,002
226,269
102,327
123,942
569,733

782,946
246,713
118,022
128,690
536,234

806,577
261,014
124,081
136,933
545,563

862,896
297,290
131,040
166,250
565,606

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

40,350
20,730
6,054
14,676
19,620

116,049
20,745
5,321
15,424
95,304

243,015
31,333
8,977
22,355
211,682

315,574
29,330
17,320
12,009
286,244

245,787
36,555
28,390
8,165
209,232

233,682
43,009
24,200
18,809
190,673

281,170
41,157
18,569
22,588
240,013

265,581
53,429
14,834
38,595
212,152

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

28,368
12,822
4,773
8,050
15,546

72,850
19,237
5,082
14,155
53,613

107,795
13,337
4,875
8,462
94,458

174,755
22,817
5,576
17,241
151,938

214,851
17,877
4,806
13,072
196,974

226,556
14,928
5,227
9,701
211,628

231,980
21,489
10,634
10,855
210,491

212,759
17,893
8,771
9,122
194,866

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

9,304
6,477
1,832
4,645
2,827

13,422
7,587
1,739
5,848
5,835

24,378
9,305
2,309
6,996
15,073

31,653
9,596
2,610
6,986
22,057

32,797
8,933
2,499
6,434
23,864

28,519
8,430
2,296
6,134
20,089

35,459
9,773
2,964
6,809
25,686

27,868
10,449
3,073
7,377
17,418

21,521
3,658
17,863
10,701
6,626
4,075
7,162

57,849
-6,143
63,992
42,960
1,269
41,691
21,032

171,910
-933
172,843
131,117
13,893
117,224
41,726

159,331
24,565
134,766
129,075
-5,232
134,306
5,691

46,500
49,047
-2,547
7,351
-4,907
12,258
-9,898

57,687
27,950
29,736
-11,847
9,108
-20,955
41,584

62,222
6,905
55,318
41,255
11,733
29,523
14,062

48,826
-6,896
55,722
46,759
29,472
17,286
8,963

9,063
721

49,444
6,621

158,815
3,495

165,952
-413

51,141
3,666

23,842
3,745

75,806
-659

64,424
7,988

..
52.9

31.2
58.5

34.7
56.0

36.8
52.9

40.0
48.1

38.3
48.6

37.4
50.0

35.9
53.6

468,478
163,315
7,900
191,590
1,998
-11,922
34,995

985,945
364,180
19,296
427,855
18,044
-43,345
137,926

1,427,968
570,026
34,983
697,412
48,751
-105,808
237,076

1,697,849
720,048
40,639
852,675
57,336
-107,409
242,713

1,418,514
544,651
32,479
605,341
43,628
-36,770
261,632

1,604,022
626,766
32,225
706,593
51,891
-57,515
283,432

1,791,461
773,107
37,850
876,650
61,246
-81,736
290,662

1,802,269
794,673
38,731
872,792
57,237
-60,149
299,719

143.4
50.0
26.1
18.8
9.7
14.9
2.2

121.5
44.9
27.5
22.4
7.7
31.2
3.9

141.4
56.5
25.5
21.3
5.5
29.4
4.1

134.2
56.9
29.7
18.4
5.5
25.1
3.4

187.9
72.1
46.5
16.5
7.4
25.6
5.2

169.2
66.1
41.9
19.9
8.4
26.7
4.8

141.7
61.1
35.8
20.4
8.6
26.5
4.0

144.7
63.8
32.9
20.4
8.9
26.1
4.1

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

37

LATIN AMERICA AND CARIBBEAN
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

714,327
600,829
102,426
1,693
11,073

694,158
569,719
111,012
8,855
13,426

782,254
648,907
129,659
10,319
3,688

831,084
694,619
132,829
10,887
3,636

866,260
717,579
125,712
11,667
22,969

1,000,859
810,941
166,312
6,350
23,607

1,133,485
948,638
161,071
7,018
23,776

1,257,876
1,060,622
173,577
7,235
23,676

Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

600,829
385,299
135,904
249,395
215,530

569,719
404,317
129,844
274,473
165,402

648,907
408,517
117,664
290,852
240,391

694,619
421,802
126,821
294,981
272,817

717,579
437,590
144,550
293,040
279,989

810,941
477,758
166,297
311,462
333,183

948,638
509,092
169,856
339,236
439,547

1,060,622
577,458
181,212
396,247
483,164

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

110,430
57,129
15,752
41,377
53,301

91,383
55,218
12,308
42,910
36,165

142,928
52,402
14,494
37,908
90,526

138,685
61,837
18,704
43,133
76,848

138,495
69,488
29,929
39,559
69,008

189,066
87,575
34,941
52,634
101,491

227,699
75,794
22,741
53,054
151,905

232,448
99,257
24,421
74,836
133,191

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

96,331
41,549
16,458
25,091
54,782

76,259
40,685
15,865
24,820
35,574

92,289
46,367
15,512
30,855
45,922

88,124
45,900
12,313
33,586
42,224

83,085
36,973
13,125
23,847
46,113

82,989
39,024
13,627
25,397
43,965

101,866
44,345
18,116
26,229
57,520

102,995
30,121
12,451
17,670
72,874

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

45,465
29,178
8,198
20,980
16,287

32,208
23,935
5,330
18,605
8,273

39,761
25,575
5,754
19,821
14,186

40,037
24,075
5,261
18,814
15,961

37,567
22,171
4,725
17,446
15,396

37,856
22,398
4,501
17,898
15,458

44,156
24,596
4,635
19,961
19,560

65,663
46,281
4,678
41,603
19,382

-1,521
-11,433
9,913
14,805
16,286
-1,481
-4,892

8,561
-30,966
39,527
18,681
18,090
591
20,846

72,224
-989
73,213
51,657
7,053
44,604
21,556

53,203
6,431
46,772
44,170
9,547
34,624
2,601

47,906
17,196
30,710
38,607
15,712
22,895
-7,897

153,301
22,621
130,680
84,764
27,238
57,526
45,916

120,173
4,872
115,302
121,210
26,825
94,385
-5,908

141,619
11,848
129,771
117,483
57,166
60,317
12,288

73,827
-139

67,027
10,641

112,463
28,430

121,502
-11,596

71,230
41,249

110,858
39,284

144,952
2,552

150,327
20,214

..
71.6

9.5
79.4

11.1
77.5

9.9
79.2

10.8
76.7

8.3
76.8

7.0
76.4

6.6
73.8

1,875,306
413,611
20,124
481,150
20,128
-46,664
135,977

2,425,882
599,656
48,748
622,140
42,841
28,749
227,963

3,396,608
812,781
61,637
879,432
68,647
-3,324
414,989

3,973,632
944,012
62,621
1,046,328
78,543
-38,592
455,826

3,718,127
741,007
55,073
829,472
64,636
-32,822
502,129

4,619,946
917,744
55,698
1,041,430
78,499
-67,124
583,528

5,170,855
1,133,537
59,023
1,267,460
96,454
-74,118
671,417

5,145,954
1,161,214
57,917
1,314,097
92,252
-93,556
727,216

172.7
38.1
39.5
14.3
12.6
19.0
3.4

115.8
28.6
23.9
16.0
14.3
32.8
4.4

96.2
23.0
17.1
16.6
11.8
53.1
5.7

88.0
20.9
14.0
16.0
11.8
54.8
5.2

116.9
23.3
16.6
14.5
12.8
58.0
7.3

109.1
21.7
13.7
16.6
12.8
58.3
6.7

100.0
21.9
13.3
14.2
11.4
59.2
6.4

108.3
24.4
15.0
13.8
10.8
57.8
6.6

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

38

MIDDLE EAST AND NORTH AFRICA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

143,802
116,467
23,870
2,629
3,465

150,613
122,225
26,814
298
1,574

156,269
123,213
31,556
256
1,501

148,707
117,710
29,647
259
1,350

160,566
119,472
32,752
326
8,342

166,620
121,067
37,225
342
8,328

162,918
120,045
34,674
351
8,199

177,092
129,761
38,740
458
8,590

116,467
112,496
88,137
24,359
3,970

122,225
115,440
77,719
37,721
6,785

123,213
116,479
76,967
39,512
6,734

117,710
110,320
74,764
35,556
7,390

119,472
112,587
78,274
34,313
6,885

121,067
114,033
78,123
35,910
7,034

120,045
112,740
78,754
33,986
7,304

129,761
121,235
82,438
38,797
8,526

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

9,222
7,941
3,411
4,530
1,281

14,875
12,955
5,493
7,462
1,920

15,052
13,216
7,173
6,042
1,837

12,025
9,677
6,337
3,340
2,348

13,641
12,024
8,167
3,857
1,617

14,842
13,472
7,246
6,226
1,370

13,755
12,267
7,772
4,494
1,489

21,848
18,960
10,446
8,514
2,888

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

10,613
10,377
5,915
4,462
237

14,162
13,328
7,863
5,465
834

14,218
11,767
5,857
5,910
2,452

16,190
14,188
7,968
6,220
2,001

13,250
11,000
5,636
5,364
2,250

12,162
10,333
5,963
4,371
1,829

13,967
12,653
6,514
6,139
1,314

11,583
9,591
6,148
3,444
1,992

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

4,888
4,734
3,130
1,603
154

4,749
4,458
2,507
1,951
291

4,728
4,451
2,153
2,298
278

4,768
4,501
2,247
2,254
266

4,382
4,113
2,039
2,073
270

4,297
4,045
2,128
1,917
253

4,257
4,023
1,945
2,078
234

4,006
3,779
1,848
1,931
227

792
-2,718
3,510
1,112
69
1,044
2,398

536
-3,115
3,651
3,083
1,997
1,086
568

4,088
1,229
2,859
-483
132
-615
3,342

-6,164
-1,719
-4,444
-2,534
-2,881
347
-1,910

3,367
2,470
898
-2,140
-1,507
-633
3,038

7,135
1,283
5,853
1,397
1,855
-459
4,456

-2,831
1,198
-4,029
-1,470
-1,645
175
-2,559

14,679
4,753
9,926
5,967
5,071
896
3,959

3,720
252

16,879
2,410

28,111
-2,096

29,553
422

26,320
1,200

22,282
1,964

13,672
-625

19,299
-1,293

..
49.5

30.9
43.0

35.6
38.7

33.9
38.4

34.5
37.6

33.0
38.5

32.0
38.6

30.9
42.0

364,785
119,254
10,460
110,478
1,721
12,620
44,145

543,094
206,905
21,757
206,726
10,685
19,948
138,225

765,656
299,170
28,899
282,584
11,376
24,304
217,792

931,557
379,767
32,525
361,231
13,463
19,624
260,567

925,575
314,723
30,303
341,314
13,976
-20,804
280,516

..
328,768
36,052
362,655
17,349
-9,520
298,452

..
381,681
36,921
400,847
18,349
-8,708
274,618

..
420,426
38,748
417,998
17,823
-15,548
279,229

120.6
39.4
14.2
16.6
16.1
30.7
4.8

72.8
27.7
10.2
17.8
17.3
91.8
8.0

52.2
20.4
6.9
20.2
19.8
139.4
9.2

39.2
16.0
5.8
19.9
21.0
175.2
8.7

51.0
17.3
5.8
20.4
21.8
174.7
9.9

50.7
..
5.2
22.3
21.8
179.1
9.9

42.7
..
5.0
21.3
23.5
168.6
8.2

42.1
..
3.9
21.9
23.2
157.7
8.0

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

39

SOUTH ASIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

162,540
153,202
6,067
128
3,270

190,109
174,607
11,851
30
3,652

289,188
243,710
41,606
24
3,871

322,747
266,344
49,471
20
6,933

363,098
292,328
52,107
22
18,663

409,810
325,598
63,894
72
20,319

461,791
354,726
86,776
213
20,289

501,491
382,503
100,230
224
18,757

153,202
134,688
102,021
32,668
18,514

174,607
116,576
109,867
6,708
58,031

243,710
144,679
127,452
17,227
99,031

266,344
156,292
138,006
18,287
110,051

292,328
169,701
145,980
23,721
122,627

325,598
190,074
157,433
32,641
135,525

354,726
203,847
165,987
37,860
150,879

382,503
215,440
167,706
47,734
167,063

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

13,995
13,409
6,130
7,279
586

24,451
10,989
7,407
3,582
13,462

71,454
22,230
9,325
12,905
49,224

45,659
24,659
11,284
13,375
21,000

35,240
17,877
12,785
5,092
17,363

55,914
31,910
14,910
16,999
24,004

51,876
21,824
13,711
8,113
30,052

58,514
25,718
12,448
13,269
32,796

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

9,315
8,607
5,352
3,256
707

21,758
14,498
4,475
10,023
7,260

34,937
11,362
4,821
6,541
23,575

27,120
16,341
5,600
10,741
10,779

15,156
8,721
5,433
3,288
6,435

23,747
8,862
6,051
2,811
14,884

26,021
10,176
7,128
3,048
15,845

25,118
10,078
6,921
3,156
15,041

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

5,277
4,396
2,275
2,121
881

5,219
3,946
1,913
2,033
1,272

6,944
2,742
2,259
483
4,202

7,333
2,950
2,312
638
4,383

6,472
2,702
2,159
544
3,769

6,455
2,732
2,042
690
3,723

7,862
2,728
2,133
595
5,134

9,829
3,363
2,540
824
6,466

3,454
489
2,964
3,903
4,024
-121
-938

4,958
2,912
2,045
-239
-6,441
6,202
2,284

49,380
4,435
44,945
32,013
6,363
25,649
12,932

29,582
8,859
20,723
12,854
2,633
10,221
7,869

26,339
10,973
15,366
12,732
1,803
10,928
2,634

45,880
10,835
35,010
23,308
14,188
9,120
11,702

48,630
6,617
42,013
19,272
5,065
14,207
22,741

45,295
3,983
41,312
27,869
10,113
17,756
13,443

4,368
2,518

10,889
12,406

32,474
33,970

50,879
-15,823

39,473
24,103

31,210
29,907

40,369
-4,273

27,405
23,386

..
56.6

7.5
54.9

7.3
57.3

6.4
56.2

6.1
58.9

5.1
60.5

4.6
61.4

4.6
65.0

616,558
88,760
17,206
117,568
721
-6,218
43,326

1,043,828
201,378
33,909
260,015
7,979
-14,836
149,529

1,507,666
305,078
54,029
385,933
15,434
-17,039
292,620

1,536,201
381,176
71,723
511,244
16,798
-51,106
268,668

1,691,078
329,570
74,925
440,138
16,405
-28,948
298,771

2,070,169
427,327
81,954
574,556
25,743
-58,101
315,374

2,298,444
538,341
96,464
715,523
27,888
-73,673
310,608

2,293,742
535,452
108,112
752,557
21,097
-102,511
310,799

183.1
26.4
17.5
3.7
37.5
26.7
4.4

94.4
18.2
13.8
6.2
36.6
78.7
6.9

94.8
19.2
14.5
14.4
28.8
101.2
9.1

84.7
21.0
9.6
15.3
27.6
83.2
6.3

110.2
21.5
6.9
14.4
26.2
82.3
8.1

95.9
19.8
7.4
15.6
24.8
77.0
6.6

85.8
20.1
6.6
18.8
23.1
67.3
5.2

93.7
21.9
7.3
20.0
21.7
62.0
5.0

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

40

SUB-SAHARAN AFRICA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

213,444
173,174
31,550
13,578
8,720

232,554
190,596
33,833
14,289
8,125

213,020
159,161
48,110
14,550
5,749

217,714
162,298
49,105
13,610
6,311

245,726
184,089
41,599
11,572
20,039

269,077
205,275
44,276
11,239
19,526

297,599
233,117
43,689
9,008
20,792

331,234
257,409
52,127
9,403
21,698

173,174
161,826
135,683
26,143
9,631

190,596
176,056
135,608
40,449
14,540

159,161
130,588
93,661
36,928
28,573

162,298
136,400
96,592
39,808
25,898

184,089
151,505
106,092
45,413
32,584

205,275
161,790
105,803
55,988
43,485

233,117
181,527
114,340
67,187
51,590

257,409
199,718
119,280
80,438
57,691

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

9,637
7,518
4,139
3,379
2,119

15,792
12,532
6,122
6,410
3,260

23,740
16,463
7,790
8,673
7,278

14,372
13,135
8,053
5,082
1,236

20,895
17,833
11,338
6,495
3,062

23,580
20,067
15,323
4,745
3,513

31,207
25,388
15,256
10,132
5,819

31,703
23,432
14,547
8,886
8,271

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

8,578
7,180
3,440
3,741
1,368

12,504
11,798
6,593
5,205
685

12,240
10,228
5,139
5,089
2,012

9,154
7,246
3,738
3,508
1,907

9,332
7,928
3,369
4,559
1,405

8,711
6,501
3,043
3,458
2,210

10,291
7,268
3,798
3,470
3,023

13,442
10,003
4,466
5,536
3,440

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

3,323
2,918
1,826
1,092
405

7,808
7,456
5,856
1,600
352

4,405
3,864
2,052
1,812
541

3,928
3,371
1,642
1,729
556

3,666
3,059
1,521
1,538
607

4,539
3,025
1,142
1,882
1,514

5,162
3,593
1,226
2,367
1,569

6,171
5,035
1,827
3,208
1,137

-1,761
765
-2,495
389
-362
751
-2,885

6,462
-895
7,378
3,780
1,206
2,574
3,598

17,557
2,708
14,849
8,850
3,584
5,266
5,999

7,879
5,040
2,839
903
1,574
-671
1,936

8,323
10,207
-1,883
3,594
1,937
1,657
-5,477

19,075
13,475
5,601
2,590
1,286
1,303
3,011

23,922
12,820
11,102
9,458
6,662
2,796
1,644

27,182
10,958
16,224
8,181
3,349
4,831
8,043

6,458
4,164

20,112
8,157

30,395
10,161

44,314
-5,629

37,659
10,544

32,222
8,155

40,012
-1,015

37,049
9,392

..
61.3

19.3
52.3

21.2
49.5

18.6
51.3

18.7
49.9

13.1
48.8

11.7
51.2

10.6
46.9

320,365
114,847
4,825
118,757
7,983
3,898
34,337

602,767
238,161
19,969
242,006
17,553
23,322
79,872

812,355
332,477
25,487
366,394
39,396
2,331
140,839

918,253
400,682
28,022
453,437
48,271
-7,690
151,256

884,219
303,067
27,504
374,028
33,989
-29,137
154,931

1,068,853
390,004
28,639
445,898
46,920
-11,463
154,464

1,181,588
470,482
26,942
536,202
45,466
-15,976
170,570

1,216,845
463,470
26,682
547,429
46,257
-31,720
191,534

185.9
66.6
11.8
14.8
25.6
16.1
3.5

97.6
38.6
9.2
14.5
31.2
34.3
4.0

64.1
26.2
5.5
22.6
22.6
66.1
4.6

54.3
23.7
3.8
22.6
23.1
69.5
4.0

81.1
27.8
4.7
16.9
22.3
63.1
5.0

69.0
25.2
3.7
16.5
21.7
57.4
4.2

63.3
25.2
3.5
14.7
21.0
57.3
3.8

71.5
27.2
4.5
15.7
20.0
57.8
4.2

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

41

Country Tables

43

AFGHANISTAN
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

..
..
..
..
..

..
..
..
..
..

2,013
1,893
21
21
99

2,134
1,985
17
17
131

2,470
2,097
20
20
353

2,423
1,966
102
67
355

2,627
2,023
232
210
373

2,709
2,071
250
219
388

Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

..
..
..
..
..

..
..
..
..
..

1,893
1,893
1,893
0
..

1,985
1,985
1,985
0
..

2,097
2,097
2,097
0
..

1,966
1,966
1,966
0
..

2,023
2,023
2,023
0
..

2,071
2,071
2,071
0
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

..
..
..
..
..

..
..
..
..
..

147
147
147
0
..

96
96
96
0
..

109
109
109
0
..

76
76
76
0
..

62
62
62
0
..

52
52
52
0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

..
..
..
..
..

..
..
..
..
..

1
1
1
0
..

1
1
1
0
..

3
3
3
0
..

1
1
1
0
..

1
1
1
0
..

1
1
1
0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

..
..
..
..
..

..
..
..
..
..

3
3
3
0
..

6
6
6
0
..

7
7
7
0
..

7
7
7
0
..

9
9
9
0
..

8
8
8
0
..

..
..
..
..
..
..
..

..
..
..
..
..
..
..

201
201
0
0
0
..
..

131
131
0
0
0
..
..

123
123
0
0
0
..
..

119
84
0
0
0
..
0

67
80
-13
0
0
..
-13

75
66
9
0
0
..
9

..
..

..
..

189
..

87
-1

214
..

76
0

91
0

94
2

..
..

..
..

..
78.7

..
82.2

..
81.2

..
77.7

..
74.5

..
73.4

..
..
..
..
..
..
..

..
..
..
..
..
..
..

9,844
..
..
..
..
..
..

10,192
1,935
104
3,752
0
-1,673
2,431

12,487
2,546
152
4,467
0
-1,893
3,501

15,937
3,920
331
6,840
0
-2,795
4,174

18,034
4,300
247
8,204
0
-3,583
5,268

..
4,238
385
11,885
2
-7,286
5,983

..
..
..
..
..
..
..

..
..
..
..
..
..
..

..
20.4
..
1.0
40.7
..
..

110.3
20.9
0.4
0.8
42.3
113.9
7.8

97.0
19.8
0.4
0.8
41.2
141.8
9.4

61.8
15.2
0.3
4.2
41.9
172.3
7.3

61.1
14.6
0.3
8.8
40.8
200.5
7.7

63.9
..
0.3
9.2
41.4
220.9
6.0

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is based on data from the BIS. Data include the effects of Paris Club debt restructuring agreements signed in 2010 and HIPC and MDRI debt
relief.

45

ALBANIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

1,122
937
37
3
148

2,101
1,788
155
1
158

2,898
2,224
511
1
163

4,238
2,936
1,150
0
152

4,309
3,485
680
0
144

5,004
4,328
547
0
129

6,038
5,019
903
0
117

6,934
5,349
1,478
0
107

Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

937
921
895
26
16

1,788
1,375
1,343
32
413

2,224
1,789
1,757
32
435

2,936
2,298
1,868
431
638

3,485
2,602
2,122
480
884

4,328
3,043
2,151
893
1,285

5,019
3,286
2,289
997
1,732

5,349
3,552
2,504
1,049
1,796

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

119
119
119
0
0

489
119
119
0
370

291
165
163
1
127

870
650
210
440
220

457
291
256
34
167

820
631
184
447
189

755
418
274
144
336

537
336
302
34
202

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

9
9
8
1
0

41
40
39
1
1

74
55
51
5
19

74
58
56
1
17

112
80
78
2
32

127
89
86
3
38

143
102
99
3
41

161
108
105
3
53

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

8
7
7
0
1

25
23
23
0
1

33
31
31
0
2

48
44
35
9
5

58
50
35
14
8

47
39
31
7
8

85
77
36
41
8

84
74
37
38
9

130
122
7
-1
-1
0
8

605
83
522
368
-1
369
154

334
105
229
105
-3
108
124

1,428
146
1,283
642
439
203
640

-135
168
-303
167
33
134
-470

548
85
463
596
444
151
-133

956
163
793
437
141
295
356

942
187
755
180
31
149
575

143
..

262
..

652
..

1,241
23

1,343
-4

1,089
7

1,368
23

1,265
13

..
73.2

28.4
58.4

35.2
51.2

48.6
39.2

50.8
36.8

57.5
30.6

59.5
29.0

59.4
29.3

3,790
819
598
1,509
0
-156
616

8,541
1,687
1,290
3,553
2
-571
1,404

11,006
2,847
1,468
5,429
9
-1,151
2,104

13,135
3,751
1,495
7,149
301
-2,018
2,320

12,009
3,439
1,318
6,598
448
-1,851
2,314

11,759
3,704
1,156
6,280
381
-1,353
2,470

12,893
4,083
1,126
6,985
115
-1,650
2,394

13,051
3,797
1,027
6,232
212
-1,314
2,516

137.0
29.6
3.7
3.3
38.0
54.9
4.9

124.5
24.6
4.8
7.4
41.1
66.8
4.7

101.8
26.3
5.3
17.6
40.5
72.6
4.7

113.0
32.3
4.5
27.1
30.5
54.7
3.9

125.3
35.9
5.7
15.8
34.0
53.7
4.2

135.1
42.6
5.2
10.9
30.3
49.4
4.7

147.9
46.8
6.2
14.9
27.6
39.6
4.1

182.6
53.1
7.1
21.3
27.0
36.3
4.8

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

46

ALGERIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

25,477
23,369
222
0
1,886

17,092
16,393
516
0
184

6,135
5,182
750
0
203

6,246
4,745
1,304
0
198

7,405
4,035
1,492
0
1,878

7,246
3,623
1,778
0
1,845

6,045
3,064
1,142
0
1,840

5,643
2,597
1,205
0
1,842

23,369
23,369
17,518
5,851
..

16,393
15,527
12,500
3,027
866

5,182
4,033
2,340
1,693
1,148

4,745
3,301
2,127
1,174
1,444

4,035
3,053
2,092
961
982

3,623
2,655
1,889
766
968

3,064
2,246
1,643
603
818

2,597
1,627
1,198
429
970

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1,219
1,219
799
420
..

1,240
777
446
331
463

624
320
147
173
304

675
268
197
71
407

211
88
86
2
123

43
41
40
1
2

30
30
26
4
0

29
28
28
0
0

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

2,721
2,721
1,055
1,666
..

4,448
4,219
3,014
1,205
229

1,137
606
214
391
532

1,058
914
370
544
144

910
388
155
233
522

557
324
167
157
234

536
415
255
160
121

742
589
488
101
153

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1,552
1,552
1,132
421
..

889
864
719
145
25

202
146
61
84
57

161
113
50
63
48

124
75
34
41
49

95
64
35
29
31

80
58
32
26
22

103
85
67
18
18

-1,568
-349
-1,219
-1,246
-1,246
..
27

-3,734
-3,180
-555
-640
-874
234
85

-305
-68
-237
-446
-218
-228
209

171
-173
345
-210
-473
264
554

-510
-69
-441
-629
-231
-398
189

-229
-127
-101
-387
-155
-232
286

-1,142
-229
-914
-277
-157
-121
-637

-650
-460
-190
-253
-101
-152
63

280
..

1,156
..

1,834
..

2,675
..

3,053
..

2,331
..

2,721
..

1,602
..

..
44.6

40.5
40.8

60.1
28.6

59.5
29.2

60.5
29.0

58.1
30.1

59.0
32.4

72.6
16.0

52,080
..
790
..
..
..
12,024

97,259
50,268
170
31,155
5,485
21,180
56,303

134,004
67,230
98
38,818
5,405
30,631
110,318

169,689
87,212
104
55,546
6,206
34,440
143,243

139,577
52,915
150
55,146
5,892
401
149,041

155,538
65,253
196
55,757
4,855
12,146
162,614

181,167
80,960
203
65,917
6,313
17,690
182,822

..
79,453
213
70,371
7,453
12,247
191,297

..
48.9
..
0.9
16.2
47.2
..

34.0
17.6
11.9
3.0
14.3
329.4
21.7

9.1
4.6
2.0
12.2
2.2
1,798.3
34.1

7.2
3.7
1.4
20.9
0.2
2,293.2
30.9

14.0
5.3
2.0
20.2
0.2
2,012.6
32.4

11.1
4.7
1.0
24.5
0.1
2,244.2
35.0

7.5
3.3
0.8
18.9
0.1
3,024.5
33.3

7.1
..
1.1
21.4
0.1
3,389.7
32.6

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

47

ANGOLA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

9,763
8,085
1,323
874
356

12,224
9,518
2,316
577
390

11,932
9,231
2,270
89
431

15,502
12,690
2,391
70
421

17,014
13,635
2,593
85
787

19,004
15,466
2,236
68
1,302

21,122
17,525
1,992
62
1,606

22,171
18,203
2,228
58
1,740

Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

8,085
8,085
2,703
5,382
..

9,518
9,518
3,174
6,344
..

9,231
9,231
3,210
6,021
..

12,690
12,690
4,008
8,682
..

13,635
13,635
4,822
8,813
..

15,466
15,466
8,161
7,305
..

17,525
17,525
9,687
7,837
..

18,203
18,203
9,615
8,588
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1,045
1,045
34
1,011
..

3,676
3,676
321
3,355
..

5,647
5,647
952
4,695
..

4,622
4,622
1,101
3,521
..

3,543
3,543
1,111
2,432
..

3,951
3,951
3,658
293
..

4,793
4,793
2,353
2,440
..

4,215
4,215
1,103
3,112
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1,530
1,530
268
1,262
..

2,289
2,289
505
1,784
..

3,779
3,779
352
3,427
..

1,130
1,130
276
854
..

3,131
3,131
310
2,821
..

2,110
2,110
283
1,827
..

2,681
2,681
820
1,862
..

3,554
3,554
1,164
2,390
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

149
149
36
113
..

257
257
61
195
..

579
579
162
416
..

443
443
118
325
..

392
392
143
250
..

176
176
114
63
..

154
154
79
75
..

640
640
321
319
..

-733
-234
-499
-251
-251
..
-248

2,603
-185
2,788
1,572
1,572
..
1,216

2,079
600
1,479
1,269
1,269
..
210

3,632
825
2,807
2,667
2,667
..
140

952
1,155
-203
-390
-390
..
187

2,025
3,900
-1,874
-1,534
-1,534
..
-340

2,190
1,849
341
579
579
..
-238

1,032
70
962
722
722
..
240

879
..

-1,304
..

-893
..

1,679
..

2,205
..

-3,227
..

-3,024
..

-6,898
..

..
86.3

8.2
87.8

6.4
91.0

7.6
90.5

9.7
88.5

8.6
89.8

8.1
90.2

8.7
89.0

7,449
8,222
..
7,454
929
796
1,198

24,203
24,312
..
19,201
3,406
5,138
3,197

52,850
45,329
..
34,526
7,268
10,581
11,197

70,461
64,666
82
57,261
13,185
7,194
17,869

68,669
41,582
0
48,784
6,130
-7,572
13,664

74,299
51,586
18
43,642
7,526
7,506
19,749

92,035
68,252
0
53,805
9,040
13,085
28,786

102,658
72,131
0
56,518
9,722
13,851
33,415

118.7
131.1
20.9
13.5
3.0
12.3
1.9

50.3
50.5
10.8
18.9
3.0
26.2
2.0

26.3
22.6
9.9
19.0
3.6
93.8
3.9

24.0
22.0
2.5
15.4
2.8
115.3
3.7

40.9
24.8
8.5
15.2
2.6
80.3
3.4

36.8
25.6
4.5
11.8
2.3
103.9
5.4

30.9
23.0
4.2
9.4
2.1
136.3
6.4

30.7
21.6
5.9
10.1
2.2
150.7
7.1

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)
Notes:
Short-term debt is based on data from the BIS.

48

ARGENTINA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

147,029
113,234
28,325
10
5,470

127,452
82,640
34,844
7,738
9,968

120,418
100,643
19,272
9,462
503

122,497
102,024
19,983
10,009
490

127,335
104,324
19,844
10,774
3,167

117,357
100,355
13,891
5,464
3,111

122,978
103,064
16,813
6,115
3,101

121,013
103,930
13,978
6,312
3,105

113,234
87,324
20,822
66,503
25,909

82,640
56,279
20,564
35,715
26,361

100,643
70,614
20,681
49,934
30,028

102,024
71,123
20,785
50,339
30,900

104,324
75,953
22,539
53,414
28,371

100,355
69,253
23,109
46,144
31,102

103,064
68,339
23,804
44,535
34,725

103,930
67,597
23,855
43,742
36,332

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

18,794
14,312
1,971
12,341
4,482

4,727
3,219
993
2,227
1,507

9,572
6,131
2,383
3,747
3,441

7,036
4,046
2,020
2,026
2,990

7,547
3,602
3,499
103
3,946

6,893
2,592
2,455
137
4,300

10,774
2,612
2,588
23
8,163

7,667
2,377
2,341
36
5,290

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

11,689
6,185
1,871
4,314
5,503

3,450
1,684
1,501
183
1,766

5,192
3,251
2,697
554
1,941

4,651
2,383
2,380
3
2,268

11,225
5,511
1,796
3,715
5,714

10,693
5,038
1,923
3,115
5,655

11,967
5,256
1,907
3,349
6,712

9,658
3,351
2,148
1,203
6,307

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

9,837
7,797
1,600
6,196
2,041

2,154
1,438
756
682
716

2,948
1,665
874
792
1,282

2,947
1,741
768
973
1,206

3,356
2,022
661
1,361
1,335

3,524
2,436
614
1,821
1,089

3,382
2,444
571
1,872
938

3,205
2,298
544
1,754
907

6,820
915
5,905
7,005
8,026
-1,021
-1,100

14,812
-4,079
18,891
1,785
2,044
-259
17,106

-6,657
-314
-6,343
4,694
3,193
1,501
-11,037

2,548
-360
2,908
2,744
2,022
722
164

-4,581
1,703
-6,284
-5,380
-3,612
-1,768
-904

-4,444
532
-4,976
-4,333
-2,978
-1,355
-643

1,078
681
397
-1,874
-3,325
1,451
2,271

-5,023
194
-5,217
-2,185
-1,167
-1,017
-3,032

10,418
-3,227

5,265
-48

6,473
1,785

9,726
-531

4,017
-212

7,846
-208

10,720
-174

12,128
876

..
57.1

35.4
54.7

37.7
54.5

35.7
56.8

34.7
58.2

29.2
63.9

28.5
65.4

29.3
65.2

276,656
38,697
86
48,076
3,086
-8,981
25,147

176,985
51,204
432
46,414
5,456
5,274
27,179

255,510
72,794
606
65,793
7,283
7,354
44,682

319,416
87,609
698
81,023
7,902
6,756
44,855

297,710
69,991
621
61,706
8,360
8,338
46,093

358,619
84,380
639
82,615
9,964
1,360
49,734

435,223
102,761
692
104,370
10,811
-2,173
43,227

460,533
98,182
573
97,842
9,271
-56
39,920

380.0
53.1
64.0
19.3
11.2
17.1
6.3

248.9
72.0
19.6
27.3
12.3
21.3
7.0

165.4
47.1
12.0
16.0
12.5
37.1
8.1

139.8
38.4
9.0
16.3
12.2
36.6
6.6

181.9
42.8
21.0
15.6
12.8
36.2
9.0

139.1
32.7
17.0
11.8
14.5
42.4
7.2

119.7
28.3
15.1
13.7
14.6
35.2
5.0

123.3
26.3
13.2
11.6
15.2
33.0
4.9

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt data from 2009 are reported by the country. Historical data are World Bank staff estimates. Long-term provincial debt
data are World Bank staff estimates. Short-term debt is based on data from the BIS.

49

ARMENIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

1,010
675
44
6
290

1,968
1,368
298
0
302

3,037
2,281
459
0
297

3,541
2,818
453
0
270

5,023
3,778
521
0
725

6,241
4,744
621
0
876

7,383
5,551
869
0
963

7,608
5,889
807
0
911

675
675
658
17
..

1,368
923
921
1
446

2,281
1,282
1,281
1
999

2,818
1,446
1,444
1
1,373

3,778
2,376
2,375
1
1,401

4,744
2,557
2,556
1
2,187

5,551
2,736
2,733
4
2,815

5,889
2,956
2,942
14
2,933

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

63
63
62
1
..

168
50
50
0
117

751
207
207
0
544

776
164
164
0
612

1,247
941
941
0
306

1,734
198
198
0
1,536

1,488
206
203
2
1,282

1,626
280
270
10
1,346

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

15
15
13
2
..

69
16
16
0
53

58
17
17
0
42

253
15
15
0
238

300
21
21
0
279

857
24
24
0
833

735
28
28
0
707

842
30
30
0
812

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

9
9
9
0
..

23
9
9
0
14

91
10
10
0
81

70
11
11
0
58

79
23
23
0
56

60
35
35
0
25

126
38
38
0
88

124
43
43
0
81

21
34
-13
-2
-2
..
-11

-38
10
-48
64
0
64
-112

831
177
655
502
0
503
152

497
130
367
374
0
374
-6

1,458
1,362
96
28
0
28
68

1,139
337
802
703
0
703
99

1,093
266
827
578
2
576
249

670
188
482
544
10
533
-62

104
0

239
1

699
0

935
-1

777
1

570
0

663
0

489
2

..
93.3

8.0
86.3

9.0
71.2

8.7
62.9

6.3
66.0

5.8
62.8

7.8
60.8

10.7
59.1

1,964
551
87
1,017
22
-278
302

5,033
1,873
487
2,448
170
-52
669

9,485
2,587
837
4,121
332
-590
1,659

12,133
2,751
1,053
5,271
279
-1,383
1,407

8,815
2,053
763
4,236
332
-1,369
2,004

9,599
2,896
991
4,833
364
-1,373
1,866

10,693
3,639
1,994
5,497
377
-1,136
1,932

10,431
3,749
2,123
5,580
335
-1,108
1,799

183.4
51.4
9.2
4.4
48.0
29.9
3.6

105.1
39.1
7.6
15.1
41.1
34.0
3.3

117.4
32.0
7.5
15.1
34.3
54.6
4.8

128.7
29.2
13.3
12.8
31.4
39.7
3.2

244.7
57.0
20.6
10.4
28.4
39.9
5.7

215.5
65.0
33.4
9.9
24.2
29.9
4.6

202.9
69.0
25.4
11.8
22.3
26.2
4.2

203.0
72.9
30.9
10.6
24.5
23.7
3.9

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt data from 2011 are World Bank staff estimates.

50

AZERBAIJAN
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

1,524
832
156
0
536

2,119
1,550
186
0
383

3,729
2,341
1,043
0
346

4,467
2,982
1,169
0
316

4,755
3,642
810
0
303

7,094
5,933
878
0
282

8,370
7,214
891
0
265

9,712
8,608
852
0
252

Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

832
734
643
90
99

1,550
1,362
1,103
260
187

2,341
2,197
1,517
681
143

2,982
2,656
1,839
816
327

3,642
3,329
2,172
1,157
314

5,933
3,775
2,626
1,149
2,158

7,214
4,597
3,428
1,170
2,616

8,608
5,856
4,192
1,664
2,752

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

269
263
204
59
6

431
307
71
236
124

489
442
232
210
47

741
526
283
242
216

870
820
431
389
50

2,607
693
513
180
1,914

2,159
1,096
916
180
1,063

2,401
1,583
993
590
818

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

22
14
12
2
7

134
37
34
3
97

51
40
24
16
11

148
125
46
80
23

231
178
102
76
53

300
228
97
131
72

855
247
116
131
608

940
256
144
111
684

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

37
32
31
1
5

24
17
15
2
7

77
70
33
37
7

88
77
30
47
11

67
55
35
21
12

80
67
33
35
13

948
77
42
35
871

952
103
50
53
848

323
141
182
55
57
-2
127

316
8
308
260
233
27
48

924
171
753
230
193
36
523

697
216
481
355
162
193
126

262
311
-49
310
312
-2
-359

2,360
401
1,959
1,891
50
1,842
68

1,300
784
517
504
49
455
13

1,409
835
574
613
479
134
-39

130
..

4,476
..

4,594
2

3,987
..

2,900
..

3,353
1

4,485
0

5,293
0

..
64.4

14.0
51.4

22.7
50.9

21.4
51.5

27.1
51.4

27.2
50.5

26.2
50.0

23.3
56.0

4,987
2,174
57
2,415
317
-168
680

11,599
8,341
623
8,658
1,582
167
1,178

27,970
22,683
1,268
14,669
4,995
9,019
4,273

43,586
32,484
1,518
17,082
5,401
16,453
6,467

40,772
23,311
1,255
13,858
3,664
10,175
5,364

49,437
28,910
1,410
14,379
3,815
15,040
6,409

56,402
38,058
1,893
21,586
5,488
17,145
10,274

59,543
37,837
1,990
22,811
4,906
14,977
11,277

70.1
30.6
6.4
10.2
20.4
44.6
3.4

25.4
18.3
2.7
8.8
28.5
55.6
1.6

16.4
13.3
0.8
28.0
25.2
114.6
3.5

13.8
10.2
0.9
26.2
25.1
144.8
4.5

20.4
11.7
1.4
17.0
30.6
112.8
4.6

24.5
14.3
1.4
12.4
24.7
90.3
5.3

22.0
14.8
4.8
10.6
26.6
122.8
5.7

25.7
16.3
5.1
8.8
28.9
116.1
5.9

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt data are World Bank staff estimates based on the market data. Short-term debt is based on data from the BIS.

51

BANGLADESH
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

15,596
14,985
334
0
277

18,449
17,385
688
16
376

21,373
19,428
1,370
4
575

22,952
20,300
1,894
1
758

24,619
21,210
1,934
1
1,475

25,752
21,400
2,949
2
1,403

27,326
22,350
3,705
2
1,271

26,130
23,251
1,667
2
1,213

14,985
14,985
14,809
176
..

17,385
17,385
17,209
176
..

19,428
19,428
19,288
140
..

20,300
20,300
20,237
63
..

21,210
21,210
21,160
50
..

21,400
21,400
21,367
33
..

22,350
22,350
22,328
22
..

23,251
23,251
23,237
13
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

861
861
794
67
..

878
878
878
0
..

1,080
1,080
1,080
0
..

1,732
1,732
1,732
0
..

1,499
1,499
1,499
0
..

982
982
982
0
..

1,028
1,028
1,028
0
..

2,091
2,091
2,091
0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

487
487
465
22
..

566
566
551
16
..

735
735
719
17
..

632
632
612
20
..

703
703
691
13
..

743
743
732
11
..

1,050
1,050
1,039
11
..

988
988
980
9
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

165
165
156
9
..

197
197
195
2
..

180
180
178
2
..

203
203
200
2
..

197
197
196
1
..

201
201
199
2
..

258
258
257
1
..

296
296
295
1
..

368
244
125
45
45
..
80

370
425
-56
-16
-16
..
-40

532
361
171
-17
-17
..
188

1,826
1,319
507
-20
-20
..
527

812
785
27
-13
-13
..
40

1,207
204
1,003
-11
-11
..
1,014

603
-142
745
-11
-11
..
756

-995
1,052
-2,047
-9
-9
..
-2,039

280
1

813
20

653
153

1,010
-48

733
-153

918
0

1,138
-16

1,178
91

..
44.3

0.7
50.7

0.9
51.9

0.7
52.4

0.7
53.4

0.6
52.6

0.5
50.5

0.6
51.7

48,857
7,293
1,968
10,018
149
-306
1,486

63,355
10,537
4,315
15,487
661
-176
2,767

73,523
14,150
6,562
20,581
903
857
5,183

86,607
17,654
8,941
26,286
840
986
5,689

97,485
17,083
10,521
24,507
1,105
3,556
10,219

109,695
21,764
10,850
31,037
1,210
2,106
10,564

122,091
27,145
12,071
39,553
1,298
-165
8,510

126,976
27,764
14,085
39,609
1,572
2,648
12,031

213.9
31.9
10.5
2.1
70.5
9.5
1.8

175.1
29.1
7.6
3.7
76.1
15.0
2.1

151.0
29.1
7.0
6.4
76.3
24.3
3.0

130.0
26.5
5.0
8.3
75.4
24.8
2.6

144.1
25.3
5.6
7.9
74.6
41.5
5.0

118.3
23.5
4.7
11.5
71.7
41.0
4.1

100.7
22.4
5.5
13.6
68.4
31.1
2.6

94.1
20.6
5.4
6.4
74.7
46.0
3.6

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Historical short-term debt until 2011 is based on data from the BIS.

52

BELARUS
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

2,604
771
1,239
14
594

5,284
1,254
3,503
1
527

12,488
4,544
7,361
2
583

15,122
6,996
7,558
2
568

22,054
9,528
9,076
3
3,449

28,397
12,470
11,864
4
4,063

33,926
16,430
13,446
4
4,050

34,173
18,511
12,075
4
3,588

Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

771
673
384
289
98

1,254
769
552
217
485

4,544
3,419
2,066
1,354
1,125

6,996
5,407
3,539
1,868
1,589

9,528
6,217
4,689
1,529
3,311

12,470
7,999
5,725
2,274
4,471

16,430
10,609
8,380
2,228
5,821

18,511
12,559
7,303
5,256
5,952

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

237
131
13
118
106

647
252
188
64
395

3,632
2,817
1,596
1,220
815

3,306
2,165
1,563
602
1,141

1,984
1,264
1,254
10
720

3,810
2,679
1,580
1,099
1,132

5,406
3,926
2,826
1,100
1,479

3,542
2,223
1,050
1,173
1,320

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

193
121
39
82
71

508
175
92
83
333

755
250
96
154
505

850
175
95
80
675

1,275
450
97
352
825

1,257
455
108
347
802

2,339
1,310
167
1,143
1,029

3,412
2,649
2,551
97
763

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

37
36
17
19
1

53
37
16
21
15

80
48
29
18
33

236
180
158
21
56

185
114
96
17
71

208
127
114
14
80

572
460
312
148
112

851
729
431
298
121

-87
-81
-6
70
36
35
-76

696
87
608
42
-19
61
566

5,858
1,501
4,357
1,376
1,066
311
2,981

2,654
1,468
1,185
988
521
466
198

5,051
3,982
1,069
-448
-343
-105
1,517

6,008
2,141
3,867
1,081
752
329
2,786

4,648
2,659
1,990
408
-42
450
1,582

-1,704
-1,965
262
1,632
1,075
556
-1,370

119
1

307
1

1,807
5

2,188
1

1,877
1

1,393
1

4,002
0

1,464
-4

..
47.7

14.4
71.5

6.0
90.9

2.4
95.8

5.7
92.1

5.3
81.2

3.9
85.7

3.1
95.3

12,690
7,667
139
8,160
5
-338
350

30,220
17,705
199
17,411
135
459
1,137

44,865
27,149
288
30,331
435
-3,013
3,952

59,976
36,878
583
42,007
682
-4,959
2,687

48,157
24,818
504
31,224
872
-6,133
4,831

54,058
29,805
575
38,402
1,039
-8,280
3,431

63,537
47,242
891
49,812
1,186
-5,053
6,011

61,751
52,777
1,053
51,242
1,258
-1,688
5,809

34.0
20.5
4.9
47.6
7.7
13.5
0.5

29.8
17.5
3.9
66.3
1.3
21.5
0.8

46.0
27.8
4.0
58.9
0.3
31.6
1.6

41.0
25.2
3.3
50.0
0.3
17.8
0.8

88.9
45.8
6.5
41.2
1.2
21.9
1.9

95.3
52.5
5.8
41.8
1.0
12.1
1.1

71.8
53.4
6.8
39.6
7.8
17.7
1.4

64.8
55.3
9.5
35.3
6.5
17.0
1.4

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

53

BELIZE
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

528
455
50
0
23

989
956
7
7
26

1,049
1,013
7
7
28

1,252
1,217
7
7
28

1,271
1,226
10
10
35

1,287
1,245
7
7
35

1,261
1,219
8
8
35

1,241
1,190
19
19
32

Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

455
455
228
226
..

956
956
348
608
..

1,013
1,013
391
622
..

1,217
998
386
612
219

1,226
1,017
412
605
209

1,245
1,002
402
600
243

1,219
1,001
406
595
218

1,190
984
412
573
206

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

195
195
27
169
..

213
213
48
165
..

604
604
63
541
..

109
41
40
2
68

79
66
65
1
13

39
32
32
0
7

54
36
36
0
18

38
37
37
0
1

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

41
41
20
21
..

152
152
21
131
..

582
582
88
493
..

84
49
38
11
35

66
47
39
9
18

66
46
41
5
20

69
37
32
5
32

67
54
31
22
13

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

22
22
12
11
..

70
70
15
54
..

61
61
19
42
..

57
45
17
28
12

54
43
15
28
11

56
45
13
32
11

57
46
10
36
11

49
40
9
31
9

153
7
146
147
147
..
-1

61
27
34
34
34
..
..

23
-26
48
48
48
..
..

25
2
23
23
-10
33
..

21
33
-13
-13
-7
-6
..

-26
-9
-17
-17
-5
-12
..

-15
3
-18
-18
-5
-14
..

-31
3
-35
-35
-22
-12
..

23
..

127
..

140
..

170
2

109
..

96
..

95
..

194
..

..
90.9

1.7
96.3

1.6
96.8

1.1
97.4

1.0
97.7

0.9
97.9

0.8
97.8

0.7
98.0

775
441
26
661
31
-162
123

1,000
622
45
824
35
-151
71

1,118
823
73
969
87
-52
109

1,198
872
76
1,129
107
-145
166

1,241
733
79
895
56
-83
214

1,240
834
78
972
102
-46
218

1,322
949
75
1,052
40
-20
237

..
1,047
76
1,150
68
-27
289

119.6
68.1
15.3
9.5
26.3
23.3
2.2

159.0
98.8
35.7
0.7
22.7
7.2
1.0

127.4
93.8
78.1
0.7
23.2
10.3
1.3

143.5
104.5
16.2
0.6
18.4
13.3
1.8

173.4
102.4
16.3
0.7
19.7
16.8
2.9

154.3
103.8
14.6
0.5
19.7
16.9
2.7

132.9
95.4
13.3
0.6
20.5
18.8
2.7

118.5
..
11.3
1.5
21.5
23.3
3.0

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt data are revised from 2008 based on reports obtained from the Central Bank.

54

BENIN
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

1,400
1,237
66
1
96

1,552
1,445
41
2
66

771
747
5
5
19

976
850
89
4
37

1,319
974
213
32
132

1,599
1,113
341
25
146

1,870
1,196
497
28
177

2,055
1,304
542
47
210

1,237
1,237
1,234
3
..

1,445
1,445
1,445
0
..

747
747
747
0
..

850
850
850
0
..

974
974
974
0
..

1,113
1,113
1,113
0
..

1,196
1,196
1,196
0
..

1,304
1,304
1,304
0
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

39
39
39
0
..

97
97
97
0
..

159
159
159
0
..

143
143
143
0
..

142
142
142
0
..

184
184
184
0
..

116
116
116
0
..

116
116
116
0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

43
43
43
0
..

24
24
20
4
..

18
18
18
0
..

16
16
16
0
..

25
25
25
0
..

25
25
25
0
..

29
29
29
0
..

39
39
39
0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

16
16
16
0
..

14
14
14
0
..

10
10
10
0
..

41
41
41
0
..

12
12
12
0
..

13
13
13
0
..

13
13
13
0
..

16
16
16
0
..

-54
-6
-48
0
0
..
-48

82
71
11
-4
-4
..
15

103
142
-39
0
0
..
-39

231
146
85
0
0
..
85

229
133
96
0
0
..
96

309
175
134
0
0
..
134

274
120
154
0
0
..
154

135
109
26
0
0
..
26

60
0

-9
2

139
5

48
-2

-19
9

53
5

161
..

159
..

..
54.8

4.4
50.6

3.9
28.0

3.2
24.5

5.4
21.9

9.9
20.3

9.5
19.3

10.1
18.0

2,347
552
87
744
-1
-81
459

4,340
797
147
1,188
9
-226
655

5,497
1,386
240
2,188
53
-534
1,209

6,622
1,675
207
2,456
30
-536
1,263

6,552
1,489
126
2,310
32
-649
1,230

6,505
1,707
139
2,393
55
-530
1,200

7,260
..
..
..
..
-512
887

7,512
..
..
..
..
..
713

253.6
59.6
13.6
4.7
69.2
32.8
7.4

194.6
35.8
6.0
2.6
87.4
42.2
6.6

55.7
14.0
2.2
0.6
77.3
156.8
6.6

58.3
14.7
3.7
9.2
70.9
129.4
6.2

88.6
20.1
3.6
16.2
61.0
93.2
6.4

93.7
24.6
3.3
21.3
58.3
75.0
6.0

..
25.8
..
26.6
53.3
47.5
..

..
27.4
..
26.4
53.4
34.7
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Data include the effects of Paris Club debt restructuring agreement and HIPC and MDRI debt relief.

55

BHUTAN
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

212
202
2
0
8

658
637
12
4
9

803
775
18
0
9

695
678
8
0
9

761
747
5
0
9

907
892
6
0
9

1,048
1,031
8
0
9

1,459
1,350
100
0
9

202
202
202
0
..

637
637
637
0
..

775
775
775
0
..

678
678
678
0
..

747
747
747
0
..

892
892
892
0
..

1,031
1,021
1,021
0
10

1,350
1,342
1,342
0
8

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

35
35
35
0
..

82
82
82
0
..

32
32
32
0
..

32
32
32
0
..

92
92
92
0
..

178
178
178
0
..

270
260
260
0
10

409
409
409
0
0

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

5
5
5
0
..

5
5
5
0
..

24
24
24
0
..

43
43
43
0
..

41
41
41
0
..

47
47
47
0
..

45
45
45
0
0

69
67
67
0
2

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

2
2
2
0
..

2
2
2
0
..

7
7
7
0
..

38
38
38
0
..

34
34
34
0
..

37
37
37
0
..

37
37
37
0
0

58
57
57
0
0

30
30
0
0
0
..
0

85
77
8
0
0
..
8

10
8
2
0
0
..
2

-22
-12
-10
0
0
..
-10

48
51
-3
0
0
..
-3

132
131
1
0
0
..
1

227
215
12
10
0
10
2

432
342
90
-2
0
-2
92

..
..

6
..

74
..

3
..

7
..

19
..

26
..

10
..

..
17.7

9.6
18.2

11.1
19.0

11.6
22.9

11.5
24.0

10.1
22.3

8.9
23.4

7.2
17.9

439
..
..
..
..
..
318

807
..
..
..
..
..
467

1,180
658
3
608
1
145
699

1,222
686
4
832
3
-28
765

1,219
591
5
731
-1
-14
891

1,497
625
8
1,006
4
-142
1,002

1,729
761
10
1,395
4
-410
790

1,675
711
18
1,304
0
-350
955

..
48.2
..
0.7
47.6
150.1
..

..
81.5
..
1.9
26.9
71.1
..

122.0
68.0
4.9
2.2
27.9
87.1
13.8

101.2
56.8
11.9
1.2
34.3
110.1
11.0

128.7
62.4
12.8
0.7
37.6
117.0
14.6

145.2
60.6
13.5
0.7
36.5
110.4
12.0

137.8
60.6
10.8
0.8
36.7
75.3
6.8

205.2
87.1
17.8
6.9
29.8
65.4
8.8

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)
Notes:
Short-term debt is based on data from the BIS.

56

BOLIVIA, PLURINATIONAL STATE OF
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

5,885
5,228
402
2
255

6,961
6,497
182
0
282

5,421
4,823
555
0
42

5,936
5,377
518
0
41

6,021
5,196
568
0
257

6,050
5,170
628
0
253

6,474
5,587
635
0
252

6,909
5,937
720
0
252

5,228
4,201
4,168
33
1,026

6,497
4,583
4,556
27
1,914

4,823
2,202
2,166
36
2,621

5,377
2,409
2,312
97
2,969

5,196
2,549
2,457
92
2,647

5,170
2,812
2,788
24
2,358

5,587
3,414
3,325
89
2,173

5,937
4,142
3,622
520
1,795

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

745
277
264
13
468

880
434
429
4
447

912
319
308
10
593

1,263
590
524
67
673

512
415
408
7
97

552
522
519
3
30

776
776
709
67
0

1,250
1,250
683
567
0

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

438
157
153
4
281

316
185
183
2
131

525
166
162
4
360

767
376
371
5
392

454
197
184
13
257

568
247
177
70
322

358
173
171
2
185

548
402
400
2
146

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

160
113
112
1
47

159
100
100
0
59

194
103
103
0
91

175
98
98
1
77

119
71
67
4
48

76
54
50
4
22

78
57
54
4
20

80
65
65
0
14

291
105
186
196
9
187
-10

448
220
227
318
2
316
-91

707
132
575
240
6
233
335

459
153
306
343
62
281
-37

108
224
-116
-166
-6
-161
50

44
342
-299
-359
-67
-292
60

425
538
-113
-120
65
-185
7

787
283
504
419
564
-146
85

736
..

-239
..

366
..

512
..

423
..

622
..

859
..

1,060
..

..
44.3

1.5
75.1

4.2
76.2

3.6
79.4

3.1
81.8

2.7
84.6

2.2
86.7

1.8
89.1

8,172
1,610
127
2,443
148
-446
926

9,173
3,401
337
3,362
271
622
1,328

12,631
5,325
1,055
4,999
644
1,591
4,554

16,138
7,369
1,135
6,661
681
1,993
6,927

16,666
5,663
1,058
6,062
769
814
7,584

18,786
6,919
960
7,126
863
874
8,134

22,788
9,260
1,043
9,900
977
537
9,911

25,406
12,332
1,111
11,460
1,649
2,138
11,659

365.6
72.0
39.8
6.8
48.7
15.7
4.6

204.7
75.9
15.7
2.6
60.6
19.1
4.7

101.8
42.9
14.1
10.2
31.3
84.0
10.9

80.6
36.8
13.0
8.7
30.5
116.7
12.5

106.3
36.1
10.5
9.4
32.8
126.0
15.0

87.4
32.2
9.6
10.4
37.4
134.4
13.7

69.9
28.4
4.9
9.8
40.1
153.1
12.0

56.0
27.2
5.3
10.4
43.6
168.7
12.2

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Data include the effects of HIPC and MDRI debt relief.

57

BOSNIA AND HERZEGOVINA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

2,800
2,619
49
1
131

6,378
5,326
960
0
91

9,250
7,528
1,687
0
35

9,815
8,876
907
0
32

11,328
9,111
1,678
0
539

9,935
8,128
1,038
0
769

10,165
8,091
1,308
0
766

10,577
8,427
1,262
0
888

2,619
1,957
1,832
125
663

5,326
2,559
2,404
155
2,767

7,528
2,967
2,772
195
4,561

8,876
3,008
2,808
200
5,868

9,111
3,570
3,042
527
5,541

8,128
3,733
3,267
466
4,395

8,091
3,874
3,451
423
4,216

8,427
4,202
3,798
404
4,225

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

103
98
98
0
5

540
153
153
0
386

1,023
150
138
12
873

471
189
163
26
282

394
321
309
12
73

510
441
427
14
69

491
382
370
12
108

526
449
432
17
77

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

170
170
170
0
1

95
54
51
3
41

109
79
72
7
30

137
91
82
9
46

171
110
97
13
61

537
145
108
37
392

594
171
129
43
423

758
167
124
43
591

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

119
89
86
2
30

136
53
48
6
83

217
70
63
6
147

257
80
70
10
176

217
63
56
8
153

177
55
47
9
121

186
66
55
11
120

183
65
56
9
118

-41
-56
15
4
..
4
11

1,052
63
989
342
-3
346
647

1,411
47
1,364
848
5
843
516

-448
79
-526
254
17
236
-780

1,276
494
782
11
-1
12
771

-429
556
-985
-345
-23
-322
-640

166
241
-75
-345
-30
-315
270

-158
428
-586
-540
-26
-514
-46

146
..

624
..

1,804
..

1,005
..

139
..

444
..

469
..

350
..

..
27.6

34.0
41.2

38.2
40.0

39.1
39.0

48.8
32.8

50.8
30.9

53.0
29.4

57.5
26.7

6,096
2,247
1,607
4,234
..
-396
497

11,416
4,227
2,038
8,103
97
-1,844
2,548

15,740
5,181
2,686
9,336
345
-1,412
5,042

19,213
6,190
2,718
11,706
187
-2,640
4,480

17,661
5,189
2,127
8,704
-104
-1,136
4,529

17,054
5,492
1,822
8,910
79
-1,029
4,366

18,470
6,386
1,958
10,681
272
-1,803
4,150

17,323
5,783
1,849
9,775
205
-1,633
4,283

124.6
45.9
14.2
1.8
45.2
17.7
1.4

150.9
55.9
7.3
15.1
26.8
39.9
3.8

178.5
58.8
8.3
18.2
21.0
54.5
6.5

158.6
51.1
7.7
9.2
20.2
45.6
4.6

218.3
64.1
9.1
14.8
19.4
40.0
6.2

180.9
58.3
14.6
10.4
24.3
43.9
5.9

159.2
55.0
13.6
12.9
25.1
40.8
4.7

182.9
61.1
18.4
11.9
27.2
40.5
5.3

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt data from 2005 are World Bank staff estimates. Short-term debt is based on data from the BIS.

58

BOTSWANA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

458
438
15
0
6

454
412
35
0
6

420
391
22
0
7

440
391
43
0
7

1,707
1,388
229
0
90

1,797
1,352
357
0
88

2,396
1,897
411
0
88

2,488
2,015
385
0
88

438
438
410
28
..

412
412
401
12
..

391
391
384
7
..

391
391
389
2
..

1,388
1,388
1,387
2
..

1,352
1,352
1,351
1
..

1,897
1,897
1,896
1
..

2,015
2,015
1,935
80
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

28
28
24
4
..

11
11
11
0
..

50
50
50
0
..

54
54
54
0
..

1,006
1,006
1,006
0
..

17
17
17
0
..

595
595
595
0
..

149
149
69
80
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

52
52
45
7
..

40
40
38
2
..

37
37
35
2
..

61
61
56
5
..

36
36
35
1
..

56
56
55
1
..

51
51
51
0
..

28
28
27
1
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

15
15
14
1
..

12
12
11
0
..

9
9
9
0
..

7
7
7
0
..

9
9
9
0
..

16
16
16
0
..

16
16
16
0
..

20
20
20
0
..

-29
-21
-8
-3
-3
..
-5

-17
-27
11
-2
-2
..
13

11
16
-4
-2
-2
..
-2

15
-1
16
-5
-5
..
21

1,156
971
186
-1
-1
..
186

89
-38
128
-1
-1
..
128

598
544
54
0
0
..
54

94
42
53
79
79
..
-26

57
-6

279
27

495
9

521
-37

129
18

-6
11

414
-17

293
-9

..
18.0

6.9
20.5

8.0
18.3

7.2
24.9

2.0
7.7

0.3
8.1

0.2
8.1

0.2
13.3

5,280
3,378
26
3,050
658
545
6,318

9,420
5,739
118
4,737
1,066
1,634
6,309

10,201
6,536
92
5,995
1,075
1,654
9,790

10,481
5,475
47
6,637
1,045
54
9,119

10,077
3,989
15
5,549
207
-708
8,704

13,690
5,172
22
6,533
204
-192
7,885

15,811
7,198
20
7,931
-125
359
8,082

14,020
6,574
16
9,045
428
-795
7,628

13.6
8.7
2.0
3.3
64.9
1,378.2
24.9

7.9
4.8
0.9
7.7
57.8
1,391.1
16.0

6.4
4.1
0.7
5.2
57.2
2,331.0
19.6

8.0
4.2
1.3
9.8
56.2
2,070.1
16.5

42.8
16.9
1.2
13.4
73.3
509.8
18.8

34.7
13.1
1.5
19.9
68.0
438.8
14.5

33.3
15.2
1.0
17.2
74.9
337.3
12.2

37.8
17.7
0.8
15.5
74.3
306.6
10.1

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)
Notes:
Short-term debt is based on data from the BIS.

59

BRAZIL
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

242,512
209,303
30,973
176
2,235

188,365
163,859
23,993
0
513

238,444
198,632
39,246
0
567

262,951
225,755
36,644
0
552

281,648
237,336
39,786
0
4,526

352,364
282,425
65,492
0
4,446

404,046
357,473
42,140
0
4,432

440,478
403,458
32,583
0
4,437

209,303
96,622
29,845
66,776
112,682

163,859
94,354
26,160
68,194
69,505

198,632
79,870
26,406
53,464
118,762

225,755
79,912
29,269
50,643
145,842

237,336
87,510
32,595
54,916
149,826

282,425
97,485
41,460
56,025
184,940

357,473
94,712
36,516
58,195
262,761

403,458
116,628
38,959
77,669
286,830

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

44,079
19,664
5,272
14,391
24,415

27,414
13,207
3,327
9,880
14,207

59,915
6,285
2,065
4,220
53,630

69,559
16,696
4,353
12,342
52,863

57,675
13,732
6,845
6,887
43,943

85,379
19,957
11,317
8,640
65,422

111,458
13,655
3,250
10,405
97,803

79,610
27,958
4,985
22,973
51,652

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

34,746
10,932
7,093
3,839
23,813

25,788
9,481
3,334
6,147
16,306

40,466
14,124
2,294
11,829
26,343

40,353
16,351
2,402
13,949
24,002

30,470
7,784
3,447
4,338
22,685

32,024
9,626
2,662
6,965
22,398

41,777
15,851
8,349
7,502
25,925

30,597
6,696
2,316
4,379
23,901

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

15,297
6,943
1,932
5,010
8,355

10,314
6,700
1,058
5,642
3,614

13,034
7,078
1,361
5,717
5,956

15,046
6,057
1,291
4,766
8,989

13,554
5,656
1,083
4,573
7,898

13,157
5,172
967
4,205
7,985

16,615
5,446
1,012
4,434
11,169

14,259
5,019
962
4,057
9,240

4,471
-8,514
12,985
11,154
10,552
602
1,831

-23,457
-23,817
360
1,634
3,733
-2,099
-1,274

38,372
-230
38,602
19,679
-7,609
27,288
18,923

26,604
1,951
24,653
27,255
-1,606
28,861
-2,602

30,347
3,399
26,948
23,806
2,549
21,257
3,142

79,061
8,655
70,406
44,699
1,675
43,024
25,706

46,329
-5,099
51,428
74,780
2,902
71,878
-23,352

39,456
2,668
36,787
46,345
18,594
27,750
-9,557

32,779
3,076

15,460
6,451

44,579
26,217

50,716
-7,565

31,481
37,071

53,345
37,671

71,539
7,174

76,111
5,600

..
70.0

9.4
79.1

9.8
80.5

9.0
80.3

7.2
84.0

6.1
85.2

4.3
88.2

5.1
87.5

626,889
68,205
1,649
93,950
4,238
-24,225
32,434

856,883
136,200
2,805
125,773
11,035
13,985
53,245

1,338,704
196,096
3,306
198,574
19,692
1,551
179,433

1,614,398
240,904
3,643
273,320
28,773
-28,192
192,844

1,588,117
189,564
2,889
217,207
21,029
-24,306
237,364

2,104,366
240,920
2,754
291,094
26,584
-47,273
287,056

2,429,947
305,002
2,798
360,466
31,716
-52,480
350,356

2,217,452
293,331
2,583
350,424
24,564
-54,246
369,566

355.6
38.7
85.9
12.8
7.8
13.4
4.1

138.3
22.0
46.2
12.7
10.4
28.3
5.1

121.6
17.8
28.1
16.5
9.6
75.3
10.8

109.2
16.3
23.5
13.9
9.4
73.3
8.5

148.6
17.7
23.5
14.1
8.9
84.3
13.1

146.3
16.7
19.0
18.6
8.5
81.5
11.8

132.5
16.6
19.4
10.4
6.2
86.7
11.7

150.2
19.9
15.5
7.4
6.3
83.9
12.7

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

60

BULGARIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

12,009
8,440
1,451
1
2,118

16,573
10,597
4,442
0
1,533

33,958
18,957
14,036
0
965

49,544
30,269
18,334
0
941

54,456
34,921
18,578
0
958

49,018
32,704
15,373
0
941

47,235
33,391
12,907
0
938

50,750
36,050
13,761
0
939

8,440
7,671
2,603
5,068
769

10,597
5,075
3,045
2,030
5,522

18,957
5,268
3,362
1,906
13,689

30,269
4,397
3,019
1,378
25,871

34,921
4,772
3,322
1,450
30,148

32,704
4,466
3,152
1,314
28,238

33,391
4,138
3,141
997
29,253

36,050
5,210
3,096
2,114
30,840

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

719
405
381
24
313

3,710
402
383
19
3,308

7,740
368
361
7
7,372

15,545
370
362
8
15,175

8,191
520
520
0
7,671

1,499
200
200
0
1,299

10,804
292
292
0
10,511

5,987
1,439
229
1,211
4,547

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

573
345
297
48
229

2,909
1,761
255
1,507
1,147

2,686
404
299
105
2,282

3,641
733
715
19
2,908

3,817
404
266
138
3,413

3,381
268
261
7
3,113

3,597
258
251
7
3,338

3,715
263
263
0
3,452

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

456
424
139
285
32

445
327
93
234
118

618
300
129
171
318

864
292
148
144
572

770
208
106
102
562

586
177
71
106
408

785
188
83
105
598

749
161
82
79
587

465
221
244
61
-24
85
183

1,564
-315
1,879
673
-1,488
2,161
1,206

10,704
-285
10,989
4,992
-98
5,090
5,996

16,202
-352
16,554
12,257
-11
12,267
4,298

4,617
254
4,363
4,119
-138
4,258
244

-5,087
-61
-5,025
-1,820
-7
-1,813
-3,205

4,741
41
4,700
7,166
-7
7,173
-2,466

3,126
-34
3,160
2,306
1,211
1,095
855

1,002
5

4,098
449

13,875
89

10,297
-106

3,897
8

1,867
9

2,124
-42

2,095
5

..
80.1

48.4
44.9

51.7
40.0

51.7
34.6

56.8
30.4

56.1
29.2

58.5
26.2

72.0
18.0

12,580
7,321
58
8,314
107
-703
3,155

28,979
17,674
1,613
22,034
912
-3,347
8,041

38,878
27,487
1,694
39,909
3,742
-11,437
16,478

49,257
31,897
1,919
45,096
2,725
-11,875
16,816

46,903
24,384
1,592
29,966
1,823
-4,256
17,127

46,226
27,944
1,333
30,711
1,573
-796
15,421

51,024
36,606
1,483
38,836
2,521
133
15,252

49,304
34,905
1,449
38,311
2,054
-735
18,371

164.0
95.5
18.2
12.1
12.8
26.3
4.6

93.8
57.2
22.6
26.8
14.8
48.5
4.4

123.5
87.3
15.4
41.3
7.9
48.5
5.0

155.3
100.6
16.5
37.0
4.4
33.9
4.5

223.3
116.1
21.9
34.1
4.6
31.5
6.9

175.4
106.0
14.4
31.4
4.8
31.5
6.0

129.0
92.6
12.2
27.3
5.0
32.3
4.7

145.4
102.9
13.0
27.1
4.8
36.2
5.8

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt data from 2008 are World Bank staff estimates based on reports provided by the country. The data may include long-term
public and publicly guaranteed debt owed by the state-owned railway. Short-term debt is based on Central Bank data.

61

BURKINA FASO
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

1,435
1,226
84
5
124

2,000
1,861
22
0
117

1,465
1,258
155
0
52

1,685
1,506
110
0
69

1,917
1,716
0
0
201

2,173
1,931
25
0
217

2,414
2,050
131
0
233

2,506
2,205
0
0
301

1,226
1,226
1,223
3
..

1,861
1,861
1,861
0
..

1,258
1,258
1,232
26
..

1,506
1,506
1,484
22
..

1,716
1,716
1,694
22
..

1,931
1,931
1,913
18
..

2,050
2,050
2,035
15
..

2,205
2,205
2,192
13
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

91
91
91
0
..

208
208
208
0
..

231
231
217
14
..

293
293
293
0
..

217
217
217
0
..

276
276
276
0
..

162
162
162
0
..

154
154
154
0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

26
26
26
0
..

24
24
24
0
..

25
25
22
3
..

27
27
24
3
..

28
28
28
0
..

30
30
27
2
..

43
43
40
3
..

43
43
41
2
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

12
12
12
0
..

16
16
16
0
..

12
12
12
0
..

14
14
14
0
..

15
15
15
0
..

18
18
18
0
..

21
21
21
0
..

21
21
21
0
..

47
66
-19
0
0
..
-19

194
196
-2
0
0
..
-2

273
196
77
11
11
..
66

239
287
-48
-3
-3
..
-45

134
244
-110
0
0
..
-110

291
269
23
-2
-2
..
25

242
139
103
-3
-3
..
106

48
181
-133
-2
-2
..
-131

23
-3

52
-4

22
-1

33
-2

56
0

39
3

42
..

40
..

..
59.4

1.5
56.9

6.4
40.0

12.7
36.8

12.4
36.0

12.0
34.0

11.9
32.8

11.8
31.5

2,606
251
67
691
3
-319
243

5,442
583
57
1,452
7
-634
438

6,754
804
84
1,767
11
-560
1,029

8,348
1,069
99
2,442
38
-963
928

8,343
1,140
96
2,035
35
-380
1,296

9,203
1,981
120
2,655
26
-181
1,068

10,392
..
..
..
..
..
957

10,454
..
..
..
..
..
1,025

572.8
55.1
18.8
5.9
71.4
16.9
4.2

343.0
36.8
7.8
1.1
84.6
21.9
3.6

182.3
21.7
5.2
10.6
66.9
70.2
7.0

157.6
20.2
4.2
6.5
71.1
55.1
4.6

168.1
23.0
3.8
..
73.2
67.6
7.6

109.7
23.6
2.5
1.2
74.1
49.1
4.8

..
23.2
..
5.4
72.1
39.6
..

..
24.0
..
..
75.7
40.9
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is based on data from the BIS. Data include HIPC and MDRI debt relief.

62

BURUNDI
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

1,125.9
1,036.0
65.0
19.7
24.9

1,287.9
1,176.1
34.1
33.1
77.7

1,409.7
1,276.1
13.8
12.8
119.9

1,390.3
1,234.3
18.0
4.0
138.0

602.2
388.5
7.0
0.0
206.7

615.8
376.8
15.6
0.6
223.4

599.1
358.2
0.1
0.1
240.7

662.7
407.0
7.0
0.0
248.7

1,036.0
1,036.0
1,032.0
4.0
..

1,176.1
1,176.1
1,174.0
2.1
..

1,276.1
1,276.1
1,275.4
0.7
..

1,234.3
1,234.3
1,234.3
0.0
..

388.5
388.5
388.5
0.0
..

376.8
376.8
376.8
0.0
..

358.2
358.2
358.2
0.0
..

407.0
407.0
407.0
0.0
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

41.3
41.3
38.2
3.0
..

42.1
42.1
42.1
0.0
..

31.3
31.3
31.3
0.0
..

24.8
24.8
24.8
0.0
..

24.3
24.3
24.3
0.0
..

31.6
31.6
31.6
0.0
..

28.0
28.0
28.0
0.0
..

60.2
60.2
60.2
0.0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

9.4
9.4
9.4
0.0
..

27.2
27.2
22.6
4.6
..

11.3
11.3
11.3
0.0
..

11.3
11.3
11.3
0.0
..

8.5
8.5
8.5
0.0
..

2.4
2.4
2.4
0.0
..

5.8
5.8
5.8
0.0
..

9.6
9.6
9.6
0.0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

4.5
4.5
4.5
0.0
..

11.9
11.9
11.9
0.0
..

5.7
5.7
5.7
0.0
..

7.4
7.4
7.4
0.0
..

3.6
3.6
3.6
0.0
..

1.4
1.4
1.4
0.0
..

2.0
2.0
2.0
0.0
..

3.0
3.0
3.0
0.0
..

18.4
24.3
-5.9
3.0
3.0
..
-8.9

34.1
40.7
-6.6
-4.6
-4.6
..
-2.0

30.9
30.9
0.0
0.0
0.0
..
..

48.3
35.3
13.0
0.0
0.0
..
13.0

22.2
29.2
-7.0
0.0
0.0
..
-7.0

57.3
49.3
8.0
0.0
0.0
..
8.0

25.8
40.8
-15.0
0.0
0.0
..
-15.0

65.2
58.2
7.0
0.0
0.0
..
7.0

11.7
..

0.6
..

0.5
..

3.8
..

0.3
..

0.8
..

3.4
..

0.6
..

..
59.4

7.6
64.6

8.0
63.5

6.0
63.4

18.2
35.0

10.1
37.0

0.3
42.9

..
46.2

882.6
55.4
..
164.9
0.4
-50.2
32.9

1,135.0
98.7
0.1
343.9
2.1
-5.7
100.1

1,336.0
98.3
0.2
450.8
4.8
-111.3
176.3

1,603.3
163.9
3.6
609.4
..
-259.4
265.7

1,721.4
119.7
28.2
538.0
..
-161.2
322.0

2,015.0
181.9
34.5
618.7
..
-301.0
330.7

2,336.5
243.1
45.5
790.3
..
-283.6
294.0

2,455.6
239.0
46.4
940.6
..
-255.1
307.2

2031.9
127.6
40.9
5.8
79.1
2.9
2.4

1304.3
113.5
40.5
2.6
81.9
7.8
3.5

1434.1
105.5
18.5
1.0
82.8
12.5
4.7

848.5
86.7
12.0
1.3
82.4
19.1
5.2

503.0
35.0
16.6
1.2
50.4
53.5
7.2

338.6
30.6
2.4
2.5
52.8
53.7
6.4

246.4
25.6
4.2
0.0
51.5
49.1
4.5

277.3
27.0
8.5
1.1
50.8
46.4
3.9

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is based on data from the BIS. Data include the effects of Paris Club debt restructuring agreement and HIPC and MDRI debt relief.

63

CAMBODIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

2,648
2,328
227
131
93

3,538
3,155
280
243
103

2,815
2,565
226
164
24

3,269
2,920
325
197
24

3,530
3,127
272
208
132

3,852
3,442
281
215
129

4,430
3,815
486
221
129

5,716
4,549
1,038
209
129

2,328
2,328
2,328
0
..

3,155
3,155
3,155
0
..

2,565
2,565
2,565
0
..

2,920
2,920
2,920
0
..

3,127
3,127
3,127
0
..

3,442
3,442
3,442
0
..

3,815
3,815
3,815
0
..

4,549
4,549
4,549
0
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

79
79
79
0
..

168
168
168
0
..

154
154
154
0
..

383
383
383
0
..

211
211
211
0
..

347
347
347
0
..

404
404
404
0
..

779
779
779
0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

7
7
7
0
..

8
8
8
0
..

13
13
13
0
..

19
19
19
0
..

26
26
26
0
..

33
33
33
0
..

41
41
41
0
..

47
47
47
0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

12
12
12
0
..

12
12
12
0
..

15
15
15
0
..

21
21
21
0
..

22
22
22
0
..

28
28
28
0
..

34
34
34
0
..

44
44
44
0
..

128
76
52
0
0
..
52

155
152
3
0
0
..
3

171
141
30
0
0
..
30

430
364
66
0
0
..
66

121
185
-64
0
0
..
-64

315
313
2
0
0
..
2

562
363
199
0
0
..
199

1,296
732
564
0
0
..
564

149
..

379
..

867
..

815
..

539
..

783
..

902
..

1,557
..

..
36.9

0.8
48.5

1.2
86.2

1.1
84.8

1.2
84.2

1.1
82.2

1.0
77.9

0.8
76.3

3,534
1,893
121
2,453
123
-136
502

6,006
4,094
164
4,921
227
-307
953

8,263
4,793
186
5,809
353
-423
1,807

9,844
5,129
188
6,560
403
-820
2,292

9,918
4,576
142
5,932
358
-785
2,851

10,711
5,612
153
7,026
399
-772
3,255

12,108
7,493
160
8,789
586
-712
3,450

13,327
8,629
256
10,320
707
-1,208
4,267

139.9
74.9
1.7
8.6
14.4
18.9
2.5

86.4
58.9
0.8
7.9
29.9
26.9
2.3

58.7
34.1
0.7
8.0
46.1
64.2
3.7

63.7
33.2
0.9
9.9
43.5
70.1
4.2

77.2
35.6
1.1
7.7
42.5
80.8
5.8

68.6
36.0
1.2
7.3
39.7
84.5
5.6

59.1
36.6
1.2
11.0
35.8
77.9
4.7

66.2
42.9
1.5
18.2
28.5
74.7
5.0

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is based on data from the BIS. Data include MDRI debt relief.

64

CAMEROON
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

10,561
9,070
1,224
205
267

7,700
7,059
334
280
307

3,087
2,794
238
39
55

2,827
2,724
41
41
62

3,239
2,784
3
3
453

3,195
2,741
9
9
445

3,074
2,562
70
2
442

3,672
3,074
157
24
440

9,070
8,753
8,436
317
317

7,059
6,467
6,384
83
592

2,794
2,158
2,152
6
636

2,724
2,089
2,083
6
636

2,784
2,168
2,154
14
615

2,741
2,164
2,144
20
577

2,562
2,101
2,078
23
461

3,074
2,706
2,662
45
368

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

286
247
247
0
39

227
130
130
0
98

242
160
160
0
82

276
189
189
0
87

356
147
139
8
209

278
278
272
6
0

141
141
137
5
0

564
564
542
22
0

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

253
166
162
4
86

537
396
396
0
141

366
182
163
19
183

352
160
160
0
192

334
104
104
0
229

154
116
116
0
38

233
122
121
1
111

174
81
80
1
93

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

215
198
198
1
17

228
178
177
1
51

114
71
49
23
42

91
47
47
0
44

57
26
26
0
31

42
27
27
0
15

86
57
56
1
28

60
35
34
1
25

-21
136
-157
-52
-4
-48
-105

-683
-301
-382
-44
..
-44
-339

16
5
11
-120
-19
-102
131

-267
37
-304
-105
0
-105
-199

169
182
-12
-12
8
-20
..

124
156
-32
-32
6
-38
..

-25
15
-39
-107
4
-111
68

452
460
-8
-73
20
-93
65

159
0

244
-4

189
-14

21
-1

740
0

538
0

652
0

526
0

..
23.8

68.0
19.5

73.2
12.3

66.6
14.0

64.4
13.6

54.7
18.7

50.9
18.9

42.9
21.2

8,694
2,694
30
3,021
41
-218
212

16,099
4,248
77
4,977
289
-493
949

19,931
6,314
167
6,472
385
286
2,907

23,323
7,372
162
8,419
165
-450
3,087

22,075
5,438
184
6,835
436
-1,119
3,676

22,224
5,692
115
6,694
166
-856
3,643

25,018
7,648
219
8,654
282
-748
3,199

24,747
7,582
210
8,801
503
-956
3,381

392.0
121.5
20.8
11.6
13.4
2.0
0.8

181.3
47.8
19.3
4.3
20.6
12.3
2.3

48.9
15.5
7.7
7.7
18.2
94.2
5.4

38.4
12.1
6.1
1.4
21.5
109.2
4.4

59.6
14.7
7.2
0.1
21.2
113.5
6.5

56.1
14.4
3.5
0.3
24.6
114.0
6.5

40.2
12.3
4.2
2.3
28.0
104.0
4.4

48.4
14.8
3.1
4.3
30.7
92.1
4.6

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is based on data from the BIS. Data include the effects of HIPC and MDRI debt relief.

65

CAPE VERDE
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

320
315
4
4
1

477
463
1
1
13

581
565
1
1
14

626
611
1
1
13

727
700
2
2
25

892
868
2
2
23

1,039
1,017
2
2
20

1,261
1,242
2
2
18

315
315
308
7
..

463
463
442
22
..

565
565
550
15
..

611
611
601
10
..

700
700
693
6
..

868
868
816
53
..

1,017
1,017
944
73
..

1,242
1,242
1,124
118
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

29
29
29
0
..

74
74
65
9
..

51
51
51
0
..

75
75
75
0
..

102
102
102
0
..

208
208
158
50
..

191
191
165
25
..

223
223
180
43
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

11
11
10
2
..

29
29
23
5
..

23
23
19
4
..

24
24
20
4
..

25
25
21
4
..

26
26
22
3
..

26
26
24
2
..

20
20
20
0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

5
5
4
1
..

7
7
6
1
..

6
6
6
0
..

7
7
6
0
..

7
7
7
0
..

8
8
8
0
..

10
10
9
1
..

13
13
12
2
..

2
19
-18
-2
-2
..
-16

49
45
4
4
4
..
..

28
32
-4
-4
-4
..
..

50
54
-4
-4
-4
..
..

76
79
-4
-4
-4
..
..

180
134
46
46
46
..
..

162
138
23
23
23
..
..

200
158
43
43
43
..
..

33
..

80
..

192
2

211
..

127
2

116
..

102
..

74
..

..
56.2

13.4
54.3

16.1
49.7

18.1
48.5

19.5
43.1

27.3
37.5

33.9
31.5

43.6
26.1

525
151
87
344
5
-58
28

938
373
137
695
11
-41
174

1,300
593
139
1,092
28
-198
364

1,515
738
155
1,259
38
-205
361

1,557
590
137
1,149
26
-247
398

1,586
644
131
1,207
56
-223
382

1,846
796
177
1,459
42
-304
339

1,858
790
167
1,265
23
-209
376

211.8
60.9
10.7
1.2
72.4
8.8
1.0

128.0
50.9
9.6
0.2
78.8
36.4
3.0

97.9
44.7
5.0
0.2
78.5
62.8
4.0

84.8
41.3
4.2
0.2
77.2
57.7
3.4

123.1
46.7
5.7
0.2
73.5
54.8
4.2

138.6
56.3
5.6
0.2
67.0
42.8
3.8

130.5
56.3
4.9
0.1
58.8
32.6
2.8

159.7
67.9
4.6
0.1
50.5
29.8
3.6

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

66

CENTRAL AFRICAN REPUBLIC
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

872.1
797.3
41.2
26.1
33.6

1,033.0
877.2
106.6
97.6
49.2

997.4
860.7
72.7
72.7
64.1

990.0
827.0
85.6
73.6
77.4

537.6
293.8
81.7
77.7
162.1

614.2
361.9
79.7
77.7
172.6

547.3
271.2
104.1
71.1
172.0

551.5
288.3
80.3
73.3
182.9

797.3
797.3
764.8
32.6
0.0

877.2
877.2
843.1
34.1
0.0

860.7
860.7
826.0
34.7
0.0

827.0
827.0
792.5
34.5
0.0

293.8
293.8
259.4
34.4
0.0

361.9
361.9
325.3
36.6
0.0

271.2
271.2
244.1
27.1
0.0

288.3
288.3
261.2
27.1
0.0

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

16.1
16.1
16.1
0.0
0.0

0.0
0.0
0.0
0.0
0.0

3.2
3.2
3.2
0.0
0.0

1.9
1.9
1.9
0.0
0.0

18.7
18.7
18.7
0.0
0.0

19.2
19.2
19.2
0.0
0.0

17.1
17.1
17.1
0.0
0.0

18.4
18.4
18.4
0.0
0.0

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

7.5
7.5
7.4
0.0
0.0

0.7
0.7
0.7
0.0
0.0

42.4
42.4
42.4
0.0
0.0

11.3
11.3
11.3
0.0
0.0

8.4
8.4
8.4
0.0
0.0

1.0
1.0
1.0
0.0
0.0

0.8
0.8
0.7
0.1
0.0

2.1
2.1
2.1
0.1
0.0

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

4.3
4.3
4.3
0.0
0.0

0.2
0.2
0.2
0.0
0.0

19.6
19.6
19.6
0.0
0.0

6.1
6.1
6.1
0.0
0.0

3.0
3.0
3.0
0.0
0.0

1.2
1.2
1.2
0.0
0.0

0.2
0.2
0.2
0.0
0.0

1.9
1.9
1.9
0.0
0.0

-13.8
7.8
-21.6
0.0
0.0
0.0
-21.6

-5.6
-5.6
0.0
0.0
0.0
0.0
..

-43.2
-34.2
-9.0
0.0
0.0
0.0
-9.0

17.9
5.9
12.0
0.0
0.0
0.0
12.0

22.6
30.6
-8.0
0.0
0.0
0.0
-8.0

29.4
31.4
-2.0
0.0
0.0
0.0
-2.0

47.3
16.4
30.9
-0.1
-0.1
0.0
31.0

0.9
26.9
-26.1
-0.1
-0.1
0.0
-26.0

0.9
..

10.1
..

56.8
..

117.1
..

42.3
..

61.5
..

36.9
..

71.2
..

..
61.2

5.9
59.6

6.0
61.0

5.7
62.5

10.4
53.0

12.3
50.3

14.9
49.5

15.2
48.0

901.3
..
..
..
..
-10.7
133.3

1,339.8
..
..
..
..
-91.3
139.2

1,686.6
..
..
..
..
-109.3
82.6

1,960.3
..
..
..
..
-197.8
121.8

1,960.6
..
..
..
..
-142.8
210.6

1,981.5
..
..
..
..
..
181.2

2,162.9
..
..
..
..
..
154.5

2,136.6
..
..
..
..
..
157.9

..
96.8
..
4.7
66.9
15.3
..

..
77.1
..
10.3
60.8
13.5
..

..
59.1
..
7.3
60.4
8.3
..

..
50.5
..
8.6
57.7
12.3
..

..
27.4
..
15.2
9.3
39.2
..

..
31.0
..
13.0
6.7
29.5
..

..
25.3
..
19.0
6.4
28.2
..

..
25.8
..
14.6
7.7
28.6
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is based on data from the BIS. Data include the effects of HIPC and MDRI debt relief.

67

CHAD
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

1,101
986
25
10
90

1,598
1,494
11
6
93

1,812
1,712
29
6
71

1,765
1,705
4
4
55

1,830
1,714
4
4
113

1,816
1,708
8
7
99

1,821
1,710
19
7
91

1,831
1,717
27
8
87

986
986
971
15
..

1,494
1,494
1,462
32
..

1,712
1,712
1,679
33
..

1,705
1,705
1,672
33
..

1,714
1,714
1,682
32
..

1,708
1,708
1,679
30
..

1,710
1,710
1,681
29
..

1,717
1,717
1,688
29
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

46
46
46
0
..

110
110
110
0
..

50
50
50
0
..

97
97
97
0
..

38
38
38
0
..

57
57
57
0
..

55
55
55
0
..

73
73
73
0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

13
13
13
1
..

24
24
23
1
..

34
34
33
1
..

105
105
105
0
..

43
43
42
1
..

46
46
44
2
..

53
53
52
1
..

57
57
56
1
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

9
9
9
0
..

16
16
16
0
..

19
19
18
0
..

18
18
18
0
..

23
23
23
0
..

17
17
17
0
..

17
17
17
0
..

16
16
16
0
..

44
46
-2
-1
-1
..
-2

75
80
-4
-1
-1
..
-3

21
2
18
-1
-1
..
19

-44
-21
-23
..
..
..
-23

-17
-16
-1
-1
-1
..
..

2
3
-1
-2
-2
..
1

5
-5
10
-1
-1
..
11

19
12
6
-1
-1
..
7

115
..

-99
..

-322
..

466
..

376
..

313
..

282
..

323
..

..
58.7

3.3
66.1

3.6
64.4

3.3
60.2

3.3
59.8

3.2
58.3

3.2
56.9

3.4
55.4

1,368
..
..
..
..
-214
111

4,277
..
..
..
..
140
226

5,808
..
..
..
..
-298
955

6,690
..
..
..
..
258
1,345

6,676
..
..
..
..
-1,339
617

7,850
..
..
..
..
..
632

9,592
..
..
..
..
..
951

9,752
..
..
..
..
..
1,156

..
80.5
..
2.2
75.8
10.1
..

..
37.3
..
0.7
83.9
14.1
..

..
31.2
..
1.6
84.3
52.7
..

..
26.4
..
0.2
83.3
76.2
..

..
27.4
..
0.2
81.0
33.7
..

..
23.1
..
0.5
81.7
34.8
..

..
19.0
..
1.1
81.9
52.2
..

..
18.8
..
1.5
80.7
63.1
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term public and publicly guaranteed debt data from 2011 are World Bank staff estimates. Short-term debt is based on data from the BIS. Data include the
effects of HIPC debt relief.

68

CHINA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

145,648
132,259
13,080
0
309

281,114
132,508
148,267
0
338

371,721
167,649
203,698
0
374

378,469
190,916
187,188
0
365

445,942
194,475
240,509
0
10,958

559,772
201,484
347,524
0
10,764

710,234
222,592
476,911
0
10,731

754,009
233,674
509,592
0
10,743

132,259
94,470
50,374
44,096
37,789

132,508
82,016
52,421
29,595
50,492

167,649
85,365
58,323
27,042
82,284

190,916
89,142
63,349
25,793
101,774

194,475
92,318
68,358
23,960
102,157

201,484
90,637
67,204
23,433
110,847

222,592
75,176
67,684
7,492
147,416

233,674
74,004
69,464
4,540
159,671

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

19,006
11,924
5,790
6,133
7,082

28,228
8,776
2,170
6,606
19,452

36,907
7,130
3,403
3,727
29,777

38,188
5,449
3,893
1,556
32,739

23,648
6,481
3,310
3,171
17,167

42,423
10,125
4,348
5,777
32,298

46,950
7,785
3,848
3,937
39,165

40,638
6,893
6,671
222
33,746

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

19,362
10,235
4,270
5,965
9,127

20,936
6,659
1,413
5,246
14,277

20,405
5,342
2,949
2,393
15,063

23,959
6,750
2,809
3,940
17,209

33,448
6,473
2,594
3,878
26,976

27,237
8,400
3,643
4,757
18,837

36,277
12,199
5,301
6,898
24,078

35,519
8,132
4,491
3,641
27,387

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

6,064
4,140
2,386
1,754
1,924

3,157
2,140
1,375
765
1,017

5,358
3,131
1,701
1,431
2,227

4,733
2,513
1,407
1,106
2,220

3,045
2,030
1,090
940
1,015

5,316
1,651
944
707
3,665

6,920
1,792
1,070
722
5,127

7,329
2,141
1,832
309
5,188

-2,457
1,520
-3,977
-1,877
168
-2,045
-2,100

39,789
757
39,032
6,535
1,360
5,175
32,497

46,823
454
46,369
16,048
1,334
14,714
30,321

-2,280
1,084
-3,364
13,146
-2,384
15,530
-16,510

43,521
716
42,805
-10,516
-707
-9,809
53,321

122,201
705
121,496
14,481
1,020
13,461
107,015

140,060
-1,453
141,513
12,126
-2,961
15,087
129,387

37,801
2,180
35,621
2,940
-3,419
6,359
32,681

38,399
6,912

104,109
20,569

156,249
18,478

171,535
8,464

131,057
29,117

243,703
31,357

280,072
5,308

253,475
29,903

..
71.3

7.1
74.9

7.7
80.6

6.1
82.2

5.7
84.2

6.1
84.8

6.6
84.4

6.0
87.6

1,183,809
292,111
5,237
277,904
20,198
20,518
168,278

2,240,803
809,731
8,832
701,218
47,566
132,378
821,514

3,501,856
1,338,833
17,513
1,022,752
61,893
353,183
1,530,282

4,539,527
1,605,353
22,694
1,227,941
72,637
420,569
1,949,260

4,998,556
1,368,583
22,903
1,156,985
105,948
243,257
2,416,044

5,904,632
1,790,140
33,440
1,593,015
159,637
237,810
2,866,079

7,310,070
2,134,931
40,483
2,023,344
204,476
136,097
3,202,789

8,203,602
2,327,689
39,221
2,137,983
187,502
193,139
3,331,120

49.9
12.3
9.1
9.0
17.7
115.5
7.3

34.7
12.5
3.4
52.7
9.4
292.2
14.1

27.8
10.6
2.4
54.8
7.9
411.7
18.0

23.6
8.3
2.1
49.5
8.1
515.0
19.0

32.6
8.9
2.9
53.9
7.4
541.8
25.1

31.3
9.5
3.4
62.1
6.3
512.0
21.6

33.3
9.7
3.5
67.1
4.9
450.9
19.0

32.4
9.2
3.3
67.6
4.6
441.8
18.7

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed and short-term debt data are World Bank staff estimates based on creditors and market data.

69

COLOMBIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

33,159
30,139
2,871
0
149

37,162
30,823
6,176
0
163

43,391
38,050
5,161
0
181

46,246
40,437
5,633
0
176

53,047
47,876
4,013
0
1,157

63,815
54,766
7,912
0
1,137

76,782
65,052
10,596
0
1,134

79,051
67,229
10,687
0
1,135

30,139
19,880
6,805
13,075
10,259

30,823
21,834
9,834
12,000
8,989

38,050
26,938
11,515
15,423
11,112

40,437
28,625
13,386
15,239
11,812

47,876
35,127
14,985
20,142
12,749

54,766
36,688
16,152
20,536
18,078

65,052
39,124
16,684
22,440
25,928

67,229
43,184
19,495
23,689
24,045

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

3,753
2,889
610
2,279
865

6,518
4,397
1,469
2,928
2,121

8,800
4,434
1,581
2,853
4,366

7,083
3,851
2,555
1,296
3,232

13,148
8,107
2,415
5,691
5,041

12,831
3,491
2,125
1,365
9,340

16,410
4,571
1,559
3,012
11,839

17,197
6,749
3,840
2,909
10,448

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

2,882
2,049
543
1,507
832

7,272
4,580
2,095
2,486
2,692

5,456
2,729
1,234
1,495
2,727

4,733
2,028
742
1,286
2,705

5,769
1,643
793
850
4,126

6,431
2,183
981
1,202
4,248

6,404
2,211
1,022
1,189
4,193

11,362
2,789
1,067
1,722
8,573

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1,948
1,330
458
872
618

2,513
1,875
502
1,374
637

2,696
1,896
629
1,267
800

2,722
2,066
615
1,451
656

2,694
1,976
573
1,403
718

2,824
2,117
540
1,578
707

3,187
2,087
516
1,571
1,100

3,638
2,143
531
1,611
1,495

-222
67
-290
804
772
32
-1,094

302
-626
928
-128
443
-571
1,056

3,743
347
3,395
2,997
1,358
1,639
398

2,823
1,813
1,009
537
10
527
472

5,759
1,622
4,137
5,757
4,841
916
-1,620

10,300
1,144
9,155
5,256
163
5,093
3,900

12,690
537
12,153
9,469
1,823
7,646
2,684

5,925
2,773
3,153
3,062
1,187
1,875
91

2,436
17

10,252
86

9,487
790

10,158
-86

7,137
67

6,753
1,351

13,403
1,969

15,649
3,778

..
72.6

4.3
84.4

3.5
89.4

1.4
93.4

1.2
94.1

1.0
94.7

0.1
96.3

0.1
97.7

97,597
16,850
1,610
17,728
655
795
8,916

141,059
25,289
3,346
31,257
3,565
-1,886
14,787

199,462
35,844
4,523
47,050
6,598
-5,977
20,767

233,826
44,285
4,827
56,604
8,706
-6,865
23,479

224,541
39,355
4,125
48,994
7,628
-5,081
24,748

274,994
46,346
4,031
59,713
9,959
-8,919
27,766

320,353
65,561
4,101
80,234
14,755
-9,839
31,386

353,123
70,387
4,019
87,040
15,318
-12,173
36,444

196.8
34.0
29.7
8.7
17.4
26.9
6.0

147.0
26.3
39.7
16.6
24.6
39.8
5.7

121.1
21.8
23.4
11.9
25.3
47.9
5.3

104.4
19.8
17.4
12.2
27.9
50.8
5.0

134.8
23.6
22.0
7.6
27.4
46.7
6.1

137.7
23.2
20.8
12.4
24.7
43.5
5.6

117.1
24.0
15.4
13.8
20.8
40.9
4.7

112.3
22.4
22.0
13.5
20.5
46.1
5.0

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

70

COMOROS
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

226.7
204.0
20.3
11.3
2.4

280.8
255.3
24.5
21.5
1.0

289.2
276.5
11.6
7.6
1.1

278.8
267.4
5.2
5.2
6.2

288.4
260.2
4.7
4.7
23.4

280.6
250.7
4.4
4.4
25.4

277.9
245.5
4.7
4.7
27.7

251.2
219.0
4.1
4.1
28.0

204.0
204.0
204.0
0.0
..

255.3
255.3
255.3
0.0
..

276.5
276.5
276.5
0.0
..

267.4
267.4
267.4
0.0
..

260.2
260.2
260.2
0.0
..

250.7
250.7
250.7
0.0
..

245.5
245.5
245.5
0.0
..

219.0
219.0
219.0
0.0
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

2.1
2.1
2.1
0.0
..

3.3
3.3
3.3
0.0
..

4.8
4.8
4.8
0.0
..

1.4
1.4
1.4
0.0
..

0.3
0.3
0.3
0.0
..

0.0
0.0
0.0
0.0
..

0.0
0.0
0.0
0.0
..

0.0
0.0
0.0
0.0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1.2
1.2
1.2
0.0
..

2.6
2.6
2.6
0.0
..

12.8
12.8
12.8
0.0
..

8.1
8.1
8.1
0.0
..

7.2
7.2
7.2
0.0
..

3.1
3.1
3.1
0.0
..

2.2
2.2
2.2
0.0
..

5.1
5.1
5.1
0.0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

0.8
0.8
0.8
0.0
..

1.3
1.3
1.3
0.0
..

13.1
13.1
13.1
0.0
..

4.2
4.2
4.2
0.0
..

2.9
2.9
2.9
0.0
..

1.1
1.1
1.1
0.0
..

1.7
1.7
1.7
0.0
..

2.3
2.3
2.3
0.0
..

2.3
0.3
2.0
0.0
0.0
..
2.0

0.7
0.7
0.0
0.0
0.0
..
..

-8.0
-8.0
0.0
0.0
0.0
..
..

-5.5
-1.5
-4.0
0.0
0.0
..
-4.0

-2.1
-2.1
0.0
0.0
0.0
..
..

-0.7
-0.7
0.0
0.0
0.0
..
..

0.2
0.2
0.0
0.0
0.0
..
..

-4.9
-4.9
0.0
0.0
0.0
..
..

0.1
..

0.6
..

7.7
..

4.6
..

13.8
..

8.3
..

23.1
..

17.0
..

..
32.4

12.5
41.1

11.7
43.1

11.6
43.7

11.6
44.3

11.6
45.0

11.3
45.0

12.3
41.0

202.2
..
..
..
..
..
43.2

385.9
59.6
..
144.5
..
-26.9
85.8

466.9
76.9
..
195.4
..
-31.6
117.2

528.4
79.4
..
263.9
..
-69.7
112.2

534.7
81.1
..
258.7
..
-39.3
150.3

541.1
91.1
..
275.9
..
-39.4
145.3

608.6
102.7
..
308.4
..
-56.3
155.2

595.4
..
..
..
..
..
194.1

..
112.1
..
9.0
73.2
19.1
..

470.7
72.8
6.8
8.7
73.8
30.6
7.1

376.0
61.9
34.0
4.0
78.9
40.5
7.2

351.4
52.8
15.6
1.9
78.7
40.2
5.1

355.6
53.9
14.6
1.6
74.4
52.1
7.0

308.2
51.9
4.7
1.6
72.7
51.8
6.3

270.7
45.7
3.8
1.7
71.4
55.8
6.0

..
42.2
..
1.6
68.6
77.3
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Data include the effects of Paris Club debt restructuring agreements signed in 2010 and the HIPC debt relief.

71

CONGO, DEMOCRATIC REPUBLIC OF
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

11,805
7,880
3,421
3,042
503

10,715
9,403
397
359
914

12,485
10,918
622
442
945

12,336
10,876
673
467
787

13,097
10,893
603
489
1,601

6,202
4,611
481
267
1,110

5,544
4,036
250
73
1,258

5,651
4,163
229
71
1,260

7,880
7,880
7,384
496
..

9,403
9,403
9,033
370
..

10,918
10,918
10,561
357
..

10,876
10,876
10,524
351
..

10,893
10,893
10,561
332
..

4,611
4,611
4,485
126
..

4,036
4,036
4,021
14
..

4,163
4,163
4,140
23
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

0
0
0
0
..

249
249
249
0
..

116
116
115
1
..

110
110
110
0
..

131
131
131
0
..

78
78
58
20
..

152
152
152
0
..

289
289
276
12
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

0
0
0
0
..

112
112
110
2
..

155
155
150
5
..

170
170
163
7
..

226
226
205
21
..

89
89
85
4
..

133
133
128
5
..

108
108
105
4
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

0
0
0
0
..

97
97
95
1
..

266
266
264
2
..

275
275
272
3
..

242
242
240
2
..

125
125
124
0
..

120
120
120
0
..

168
168
168
0
..

20
0
20
0
0
..
20

95
178
-83
-2
-2
..
-81

-65
-99
34
-4
-4
..
38

-171
-191
19
-7
-7
..
26

-55
58
-113
-21
-21
..
-92

107
-8
116
16
16
..
100

138
180
-42
-5
-5
..
-37

161
172
-11
8
8
..
-19

72
..

167
..

1,794
..

1,673
..

-278
..

2,729
..

1,596
..

2,892
..

..
44.6

30.1
45.8

31.0
41.7

28.9
41.9

29.3
41.4

8.0
44.5

3.4
53.3

3.1
54.6

3,917
..
..
..
..
..
83

6,684
2,756
9
3,892
..
-389
131

9,380
6,566
9
6,901
..
527
181

10,345
7,716
15
8,863
..
-151
78

5,604
5,047
20
7,571
..
-1,123
1,035

12,197
8,915
16
11,931
131
-2,174
1,300

14,379
10,379
115
13,071
..
-1,281
1,268

15,801
8,840
12
11,703
..
-1,696
1,633

..
301.4
..
29.0
18.3
0.7
..

388.8
160.3
7.9
3.7
28.5
1.2
0.4

190.1
133.1
7.6
5.0
32.5
1.4
0.3

159.9
119.2
7.7
5.5
33.7
0.6
0.1

259.5
233.7
12.4
4.6
32.1
7.9
1.6

69.6
50.8
3.1
7.8
42.0
21.0
1.3

53.4
38.6
2.5
4.5
43.5
22.9
1.2

63.9
35.8
3.2
4.0
41.6
28.9
1.7

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is based on data from the BIS. Data include the effects of Paris Club debt restructuring agreement and HIPC and MDRI debt relief.

72

CONGO, REPUBLIC OF
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

4,865
3,735
1,076
655
54

6,258
5,471
747
736
40

5,280
4,898
330
225
53

5,488
5,071
364
227
53

4,939
4,610
162
95
168

2,406
2,063
193
76
150

2,638
2,329
155
61
155

2,829
2,492
185
60
152

3,735
3,735
2,920
815
..

5,471
5,471
3,293
2,179
..

4,898
4,898
3,863
1,035
..

5,071
5,071
3,964
1,107
..

4,610
4,610
3,656
954
..

2,063
2,063
1,224
840
..

2,329
2,329
1,402
927
..

2,492
2,492
1,479
1,013
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1
1
1
0
..

183
183
183
0
..

28
28
28
0
..

19
19
14
5
..

7
7
7
0
..

504
504
502
2
..

356
356
244
112
..

472
472
251
221
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

6
6
6
0
..

65
65
65
0
..

74
74
72
1
..

107
107
79
27
..

114
114
80
34
..

116
116
104
12
..

114
114
92
22
..

141
141
106
35
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

7
7
7
0
..

34
34
34
0
..

29
29
29
0
..

57
57
57
0
..

63
63
48
14
..

23
23
9
14
..

20
20
6
14
..

23
23
7
16
..

-52
9
-61
0
0
..
-61

128
117
11
0
0
..
11

-3
-45
42
-1
-1
..
43

-54
-64
10
-22
-22
..
32

-174
-70
-104
-34
-34
..
-70

439
400
39
-11
-11
..
50

224
158
66
89
89
..
-23

359
142
217
186
186
..
31

166
0

801
..

2,638
..

2,526
..

1,862
..

2,211
..

3,056
..

2,758
..

..
29.5

36.7
52.0

46.6
38.2

39.9
48.0

38.9
48.2

5.9
83.8

4.9
85.2

4.5
86.4

2,275
2,642
10
2,013
466
648
222

4,032
4,983
11
4,318
1,296
696
732

5,774
6,151
15
8,294
1,651
-2,181
2,174

8,768
..
..
..
..
..
3,872

6,979
..
..
..
..
..
3,806

9,024
..
..
..
..
..
4,447

10,713
..
..
..
..
..
5,641

10,832
..
..
..
..
..
5,550

184.1
213.8
1.7
22.1
10.3
4.6
1.3

125.6
155.2
2.3
11.9
8.2
11.7
2.0

85.8
91.4
1.8
6.2
9.5
41.2
3.1

..
62.6
..
6.6
8.1
70.5
..

..
70.8
..
3.3
8.8
77.1
..

..
26.7
..
8.0
7.9
184.8
..

..
24.6
..
5.9
6.3
213.8
..

..
26.1
..
6.5
5.8
196.1
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term public and publicly guaranteed debt data from 2011 are World Bank staff estimates based on reports provided by the country. Short-term debt is
based on data from the BIS. Data include the effects of Paris Club debt restructuring agreement and HIPC and MDRI debt relief.

73

COSTA RICA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

4,736
3,742
962
27
31

6,524
4,393
2,097
2
34

8,450
5,178
3,234
0
37

9,251
5,226
3,989
0
37

8,164
5,675
2,243
0
245

8,552
5,880
2,431
0
241

10,723
7,673
2,810
0
240

14,458
11,379
2,839
0
241

3,742
3,506
1,915
1,591
236

4,393
3,162
1,371
1,791
1,231

5,178
3,657
1,483
2,174
1,521

5,226
3,232
1,420
1,812
1,994

5,675
3,216
1,586
1,630
2,459

5,880
3,827
2,201
1,626
2,053

7,673
3,968
2,196
1,773
3,704

11,379
4,983
2,198
2,786
6,396

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

758
749
249
500
9

986
75
75
0
910

610
118
118
0
492

1,178
394
383
11
785

1,329
559
419
141
770

1,458
928
845
82
531

1,878
773
269
504
1,105

3,846
1,790
357
1,433
2,056

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

391
374
337
37
17

570
365
306
59
204

562
266
224
42
296

1,124
848
475
373
276

858
574
251
323
284

625
343
257
86
282

1,176
641
283
357
536

1,698
742
323
420
956

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

206
190
105
86
16

180
106
63
43
74

208
116
43
73
92

352
249
81
168
104

366
219
77
142
147

329
213
86
127
116

415
200
85
115
215

581
202
77
125
379

545
-89
634
455
463
-8
179

841
-231
1,072
647
-59
706
425

928
-106
1,035
154
-42
196
880

809
-92
902
147
-362
509
755

-1,274
168
-1,441
304
-182
486
-1,745

1,021
588
433
246
-4
249
188

1,081
-14
1,095
716
147
569
379

2,177
35
2,142
2,113
1,013
1,100
29

409
..

861
..

1,896
..

2,078
..

1,347
..

1,466
..

2,156
..

2,636
..

..
68.8

1.7
77.1

1.7
82.8

1.7
86.3

1.6
87.7

1.2
87.8

0.9
89.5

0.6
94.2

14,697
7,992
136
8,793
1,141
-707
1,318

19,184
7,535
420
8,787
743
-981
2,313

25,574
10,184
618
12,300
1,131
-1,646
4,114

29,084
10,863
605
14,092
749
-2,787
3,799

28,489
9,890
513
10,825
986
-576
4,066

35,317
10,797
531
12,445
606
-1,281
4,627

40,050
12,061
520
14,587
753
-2,203
4,756

43,886
13,397
562
16,106
1,046
-2,376
6,857

59.3
32.2
8.2
20.3
28.7
27.8
1.8

86.6
34.0
11.2
32.1
18.0
35.5
3.2

83.0
33.0
8.9
38.3
14.2
48.7
4.0

85.2
31.8
14.6
43.1
11.9
41.1
3.2

82.5
28.7
13.0
27.5
14.6
49.8
4.5

79.2
24.2
9.5
28.4
20.7
54.1
4.5

88.9
26.8
13.8
26.2
16.7
44.4
3.9

107.9
32.9
17.6
19.6
12.8
47.4
5.1

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt data are World Bank staff estimates based on reports provided by the country.

74

COTE D'IVOIRE
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

12,187
10,546
1,043
79
599

11,966
10,866
848
848
252

13,925
12,237
1,455
1,455
233

12,956
11,365
1,344
1,344
247

14,499
13,561
98
98
839

11,532
10,357
314
7
861

13,043
11,132
821
5
1,090

9,871
8,428
178
5
1,265

10,546
9,063
6,669
2,394
1,482

10,866
9,965
7,673
2,292
900

12,237
11,646
9,062
2,584
591

11,365
10,628
8,129
2,499
738

13,561
12,713
10,647
2,066
848

10,357
9,339
9,227
112
1,018

11,132
9,800
9,670
131
1,332

8,428
5,937
5,809
129
2,490

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

148
148
148
0
0

55
21
21
0
34

77
57
57
0
20

310
35
35
0
275

405
85
85
0
320

539
185
159
26
355

1,083
681
646
34
402

981
161
147
13
820

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

442
329
283
46
113

164
21
21
0
143

298
112
112
0
187

782
586
586
0
196

698
533
533
0
165

625
440
440
0
185

569
349
340
9
220

929
663
646
16
266

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

462
342
189
153
120

46
3
3
0
43

82
41
41
0
41

216
183
183
0
33

289
241
241
0
48

115
59
59
0
56

140
69
69
0
70

380
261
261
0
119

-617
-174
-442
-159
-46
-113
-283

-308
-91
-217
-109
0
-109
-108

-206
-39
-167
-167
0
-167
..

-452
-531
79
79
0
79
0

-135
-290
155
155
0
155
..

266
-237
503
196
26
170
307

1,261
545
716
207
25
182
509

-419
-326
-92
551
-3
554
-643

235
1

349
14

443
2

466
2

396
2

358
2

286
..

478
..

..
53.7

51.9
37.7

55.6
34.1

56.2
33.0

63.7
29.8

59.9
30.8

55.3
35.5

72.8
21.7

9,715
4,512
119
4,423
284
-241
674

15,643
8,717
163
8,215
370
40
1,367

18,913
9,813
185
9,608
531
-139
2,519

22,434
11,643
199
10,859
581
452
2,253

22,055
12,562
315
10,845
572
1,618
3,267

21,923
12,811
373
11,907
562
465
3,624

23,035
..
..
..
..
..
4,316

23,683
..
..
..
..
..
3,928

270.1
125.4
22.7
8.6
24.3
5.5
1.8

137.3
76.5
3.5
7.1
25.8
11.4
2.0

141.9
73.6
4.4
10.4
24.9
18.1
3.1

111.3
57.7
9.0
10.4
22.4
17.4
2.5

115.4
65.7
9.0
0.7
16.7
22.5
3.6

90.0
52.6
5.9
2.7
20.3
31.4
3.7

..
56.6
..
6.3
17.9
33.1
..

..
41.7
..
1.8
5.2
39.8
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term public and publicly guaranteed debt data and long-term private nonguaranteed debt data for 2012 are World Bank staff estimates based on reports
provided by the country. Data include the effects of Paris Club agreement signed in 2011, 2012 and HIPC and MDRI debt relief.

75

DJIBOUTI
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

298.6
238.3
45.4
6.4
14.9

485.1
376.9
87.9
8.9
20.4

821.2
651.4
151.8
5.8
17.9

843.3
678.3
145.7
0.7
19.2

894.1
735.3
119.3
2.3
39.5

769.7
619.7
114.5
0.5
35.5

775.9
650.6
85.6
0.6
39.7

807.7
641.9
108.3
1.3
57.5

238.3
238.3
238.3
0.0
..

376.9
376.9
371.3
5.6
..

651.4
651.4
620.6
30.8
..

678.3
678.3
651.0
27.4
..

735.3
735.3
711.1
24.2
..

619.7
619.7
599.3
20.4
..

650.6
650.6
633.4
17.2
..

641.9
641.9
628.1
13.8
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

7.7
7.7
7.7
0.0
..

26.5
26.5
26.5
0.0
..

39.0
39.0
39.0
0.0
..

45.9
45.9
45.9
0.0
..

67.4
67.4
67.4
0.0
..

35.2
35.2
35.2
0.0
..

55.7
55.7
55.7
0.0
..

25.2
25.2
25.2
0.0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

8.4
8.4
8.4
0.0
..

11.0
11.0
11.0
0.0
..

14.3
14.3
13.2
1.1
..

17.5
17.5
13.6
3.9
..

22.3
22.3
17.3
5.1
..

22.2
22.2
19.8
2.4
..

24.8
24.8
21.9
2.9
..

30.8
30.8
27.3
3.5
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

2.2
2.2
2.2
0.0
..

3.7
3.7
3.7
0.0
..

6.5
6.5
6.5
0.0
..

7.7
7.7
7.2
0.5
..

8.1
8.1
7.6
0.6
..

8.2
8.2
7.5
0.6
..

9.2
9.2
8.5
0.7
..

9.3
9.3
8.8
0.5
..

39.7
0.7
39.0
0.0
0.0
..
39.0

56.7
14.7
42.0
0.0
0.0
..
42.0

71.0
23.0
47.9
-1.1
-1.1
..
49.0

29.2
34.1
-4.9
-3.9
-3.9
..
-1.0

15.1
48.2
-33.1
-5.1
-5.1
..
-28.0

6.6
12.0
-5.4
-2.4
-2.4
..
-3.0

6.2
38.2
-31.9
-2.9
-2.9
..
-29.0

34.1
15.7
18.5
-3.5
-3.5
..
22.0

3.3
..

22.2
..

195.4
..

227.7
..

96.9
..

36.5
..

79.0
..

110.0
..

..
16.2

13.2
33.9

34.0
25.6

31.7
25.3

30.5
24.5

13.9
29.1

14.1
28.1

13.8
28.7

567.0
218.4
12.3
287.1
4.2
-19.0
67.8

775.8
319.8
25.8
372.3
5.9
20.1
89.3

..
329.4
28.6
579.9
4.2
-171.4
132.1

..
398.3
30.3
703.5
5.0
-225.4
175.5

..
422.7
32.5
580.0
6.5
-71.1
241.8

..
439.0
32.6
493.8
6.8
50.5
249.0

..
440.3
32.4
686.3
18.0
-171.8
244.1

..
487.7
33.3
700.7
7.2
-121.7
248.6

136.7
52.7
6.9
15.2
46.3
22.7
2.8

151.7
62.5
5.6
18.1
55.0
18.4
2.9

249.3
..
8.4
18.5
42.0
16.1
2.7

211.7
..
8.4
17.3
42.8
20.8
3.0

211.5
..
8.5
13.3
44.5
27.0
5.0

175.3
..
8.1
14.9
52.5
32.4
6.1

176.2
..
8.6
11.0
55.2
31.5
4.3

165.6
..
8.8
13.4
52.0
30.8
4.3

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is based on data from the BIS. Data include the effects of Paris Club debt restructuring agreement signed in 2008.

76

DOMINICA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

183.3
163.6
19.0
0.0
0.8

277.3
224.4
40.6
8.6
12.4

291.8
215.7
63.0
14.0
13.1

303.9
204.9
83.0
17.0
15.9

270.1
200.3
37.9
17.9
31.9

249.7
217.9
1.5
1.5
30.2

260.0
227.1
5.6
1.5
27.3

284.3
252.2
5.6
1.5
26.6

163.6
163.6
114.3
49.2
..

224.4
224.4
174.0
50.4
..

215.7
215.7
165.4
50.4
..

204.9
204.9
157.8
47.1
..

200.3
200.3
156.3
44.0
..

217.9
217.9
174.0
44.0
..

227.1
227.1
183.3
43.8
..

252.2
252.2
217.6
34.5
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

56.2
56.2
25.7
30.5
..

4.5
4.5
4.5
0.0
..

4.9
4.9
4.9
0.0
..

7.9
7.9
6.2
1.7
..

8.6
8.6
8.6
0.0
..

29.7
29.7
29.7
0.0
..

18.3
18.3
18.3
0.0
..

36.3
36.3
36.3
0.0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

6.8
6.8
6.8
0.0
..

9.6
9.6
9.6
0.0
..

10.5
10.5
10.5
0.0
..

12.9
12.9
12.9
0.0
..

14.8
14.8
12.9
1.9
..

9.8
9.8
9.8
0.1
..

9.4
9.4
9.2
0.2
..

7.8
7.8
7.6
0.2
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

3.1
3.1
2.9
0.2
..

4.7
4.7
4.3
0.4
..

4.9
4.9
4.5
0.5
..

4.3
4.3
4.1
0.2
..

4.5
4.5
4.0
0.6
..

4.3
4.3
3.9
0.4
..

4.2
4.2
3.9
0.3
..

7.8
7.8
4.2
3.6
..

49.5
18.8
30.7
30.5
30.5
..
0.2

-37.0
-2.0
-35.0
0.0
0.0
..
-35.0

29.9
-8.1
38.0
0.0
0.0
..
38.0

15.2
-3.5
18.7
1.7
1.7
..
17.0

-47.9
0.0
-47.9
-1.9
-1.9
..
-46.0

-1.2
18.8
-20.1
-0.1
-0.1
..
-20.0

10.0
6.1
3.9
-0.2
-0.2
..
4.1

27.7
27.9
-0.2
-0.2
-0.2
..
..

17.6
..

19.2
..

40.5
..

56.5
..

42.4
..

24.3
..

14.2
..

19.6
..

..
72.3

5.3
84.9

3.4
86.1

2.7
86.2

3.4
83.6

3.0
79.4

3.2
77.8

7.9
59.8

285.1
149.2
16.3
227.1
33.0
-59.8
29.4

332.6
135.3
21.8
231.0
22.7
-76.1
49.2

393.1
156.4
22.5
264.5
13.0
-86.9
60.5

433.8
165.1
22.7
314.1
12.5
-129.9
55.2

468.5
156.3
22.1
284.7
13.4
-109.3
75.5

465.4
178.9
22.9
280.1
7.8
-81.4
76.1

465.9
190.2
22.9
278.0
5.0
-71.3
81.1

462.5
196.7
23.2
268.2
5.2
-54.9
94.6

122.9
64.3
7.4
10.4
45.5
16.0
1.6

205.0
83.4
12.1
14.6
45.4
17.7
2.6

186.6
74.2
12.6
21.6
41.5
20.7
2.7

184.0
70.0
11.6
27.3
38.5
18.1
2.1

172.8
57.7
13.3
14.0
43.8
27.9
3.2

139.5
53.6
8.6
0.6
46.9
30.5
3.3

136.7
55.8
8.8
2.1
47.0
31.2
3.5

144.5
61.5
10.0
2.0
45.0
33.3
4.2

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

77

DOMINICAN REPUBLIC
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

4,652
3,381
1,178
28
93

7,739
6,406
887
20
446

10,739
7,662
2,480
9
598

10,603
8,122
1,940
3
541

11,490
8,999
1,397
0
1,094

13,465
10,281
1,723
0
1,461

15,426
11,673
2,130
0
1,623

16,851
13,180
2,157
0
1,513

3,381
3,381
2,625
756
0

6,406
6,405
3,257
3,147
2

7,662
6,817
3,748
3,068
845

8,122
7,279
4,458
2,821
843

8,999
8,156
5,505
2,651
843

10,281
9,439
6,376
3,063
843

11,673
10,760
7,119
3,641
913

13,180
11,982
8,159
3,823
1,198

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

314
314
150
164
0

657
656
372
284
2

1,252
821
459
362
431

1,310
1,310
1,023
287
0

1,481
1,481
1,392
89
0

2,111
2,111
1,176
935
0

2,165
2,120
1,117
1,003
45

2,393
1,843
1,458
385
550

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

264
264
223
40
0

460
460
184
276
0

942
942
370
572
0

821
821
311
510
1

893
893
354
539
0

794
794
311
483
0

796
788
376
412
8

1,056
624
407
217
432

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

211
211
159
53
0

212
212
109
103
0

332
275
148
127
57

446
338
136
202
108

431
323
150
173
108

443
335
156
179
108

584
473
176
297
111

543
448
198
250
95

316
-73
389
124
124
..
265

394
407
-13
10
8
2
-23

1,457
152
1,305
221
-210
430
1,084

-87
670
-757
-223
-222
-1
-534

309
1,299
-990
-450
-449
0
-540

2,025
1,247
778
452
452
0
326

1,947
912
1,035
628
591
37
407

1,254
941
313
286
168
118
27

953
..

1,118
..

2,253
..

2,728
..

1,695
..

2,094
..

2,196
..

3,857
..

..
73.2

2.3
88.2

5.6
87.1

7.3
86.2

8.3
86.1

6.2
89.2

4.7
91.6

5.9
91.3

22,955
9,264
1,839
12,193
1,068
-1,027
627

32,102
8,013
2,719
11,183
1,765
-473
1,920

39,044
10,314
3,397
15,882
2,194
-2,166
3,030

43,964
9,999
3,606
18,031
1,669
-4,520
2,679

44,989
8,444
3,415
13,986
1,518
-2,303
3,560

49,968
9,940
3,430
17,393
1,528
-4,330
3,849

53,579
11,556
3,651
19,369
1,802
-4,379
4,086

56,760
12,564
3,615
19,974
1,884
-4,037
3,548

50.2
20.3
5.7
25.3
25.0
13.5
0.6

96.6
24.1
9.1
11.5
23.4
24.8
2.1

104.1
27.5
15.1
23.1
17.6
28.2
2.3

106.0
24.1
15.0
18.3
17.8
25.3
1.8

136.1
25.5
16.6
12.2
22.8
31.0
3.1

135.5
26.9
14.3
12.8
22.9
28.6
2.7

133.5
28.8
13.9
13.8
21.7
26.5
2.5

134.1
29.7
14.0
12.8
21.0
21.1
2.1

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt data only cover Inter-American Development Bank and Bonds. Short-term debt is based on data from the BIS. Data
include the effects of Paris Club debt restructuring agreement signed in 2005.

78

ECUADOR
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

13,338
12,350
797
3
191

17,408
15,564
1,719
1
125

17,868
15,946
1,870
0
52

15,818
14,084
1,683
31
51

13,263
11,426
1,386
37
452

14,963
13,715
804
37
444

16,497
15,309
745
46
443

16,931
15,815
673
44
443

12,350
10,915
5,922
4,993
1,435

15,564
10,896
5,993
4,902
4,668

15,946
10,763
6,635
4,128
5,183

14,084
10,095
6,006
4,088
3,990

11,426
6,960
5,895
1,065
4,466

13,715
8,633
7,610
1,023
5,082

15,309
9,929
8,939
990
5,380

15,815
10,065
9,106
959
5,750

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

983
602
531
71
381

3,154
991
318
674
2,162

3,048
1,357
1,333
24
1,691

1,369
353
343
10
1,016

1,180
384
382
2
796

2,977
2,307
2,305
2
670

3,370
2,342
2,342
1
1,028

2,322
1,336
1,336
0
986

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1,067
550
399
151
517

3,048
923
803
120
2,125

2,340
1,029
964
65
1,311

1,485
964
915
49
521

4,187
3,529
503
3,025
659

1,260
637
593
44
623

1,837
1,048
1,015
33
789

1,894
1,174
1,143
31
720

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

708
536
296
240
172

843
658
275
383
185

1,228
736
327
409
492

847
656
311
345
191

521
330
227
103
191

464
326
255
71
139

534
361
292
69
174

674
481
414
67
193

-189
282
-471
-216
-80
-136
-254

-235
-680
445
590
553
37
-145

557
346
211
339
-41
380
-128

-334
-572
238
456
-39
495
-218

-3,310
-121
-3,189
-2,886
-3,023
138
-303

1,135
1,712
-577
5
-42
47
-582

1,466
1,326
139
207
-33
239
-68

358
194
164
235
-31
266
-71

-23
0

493
2

194
0

1,006
1

321
2

167
0

641
2

591
5

..
83.0

3.4
87.1

3.3
88.4

3.0
89.6

4.0
86.2

2.8
89.9

2.1
92.2

1.5
89.6

16,916
6,163
1,322
6,403
329
1,113
947

39,692
11,693
2,460
13,880
1,004
474
1,714

49,063
16,431
3,341
17,924
1,160
1,938
2,816

60,312
21,218
3,089
22,692
785
1,648
3,738

61,147
15,854
2,742
18,366
821
136
2,873

66,585
19,686
2,599
23,757
546
-1,623
1,435

76,476
24,754
2,681
27,700
701
-225
1,664

83,221
26,569
2,456
29,231
676
-177
1,080

216.4
78.8
30.6
6.0
27.8
7.1
1.8

148.9
43.9
35.9
9.9
21.0
9.8
1.5

108.7
36.4
22.7
10.5
26.3
15.8
1.9

74.6
26.2
11.1
10.6
27.4
23.6
2.0

83.7
21.7
30.2
10.4
33.1
21.7
1.9

76.0
22.5
9.1
5.4
34.8
9.6
0.7

66.6
21.6
9.7
4.5
31.5
10.1
0.7

63.7
20.3
9.8
4.0
30.3
6.4
0.4

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is World Bank staff estimates based on Central Bank data.

79

EGYPT, ARAB REPUBLIC OF
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

29,178
24,897
4,104
0
177

29,948
28,098
1,656
2
194

34,224
31,774
2,236
1
215

33,571
30,519
2,842
0
209

35,062
31,093
2,561
0
1,408

36,544
32,011
3,149
0
1,384

35,150
30,745
3,026
0
1,379

40,000
31,962
6,657
0
1,381

24,897
24,325
23,785
540
573

28,098
28,005
25,777
2,228
93

31,774
31,754
29,039
2,715
21

30,519
30,439
28,098
2,341
80

31,093
31,019
28,669
2,350
74

32,011
31,957
28,238
3,719
54

30,745
30,729
27,457
3,272
16

31,962
31,942
28,689
3,253
20

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

569
362
218
144
207

3,090
3,090
1,114
1,976
0

3,188
3,188
2,445
743
0

1,133
1,063
962
101
70

2,131
2,122
2,016
107
9

3,617
3,612
1,903
1,709
5

1,510
1,480
1,459
21
30

3,681
3,656
3,601
55
25

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1,098
982
861
121
116

1,573
1,573
1,344
229
0

1,976
1,915
1,824
90
61

2,333
2,322
1,847
476
11

2,053
2,033
1,914
119
20

2,155
2,130
2,056
74
25

2,649
2,582
2,121
460
68

2,247
2,225
2,151
74
22

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

619
603
572
31
16

569
565
547
18
4

776
774
680
94
2

802
799
714
85
3

779
776
654
123
2

735
734
581
152
1

757
757
563
194
0

719
719
557
161
0

-718
-643
-75
115
23
91
-189

1,453
-230
1,683
1,747
1,747
..
-64

1,728
621
1,107
591
652
-61
516

-593
-885
292
-315
-375
59
607

-203
102
-305
-24
-13
-11
-281

2,050
-153
2,203
1,615
1,635
-20
588

-1,262
-662
-600
-477
-439
-38
-123

5,066
1,450
3,616
-15
-19
4
3,632

1,235
269

5,376
729

11,578
-3,199

9,495
-674

6,712
393

6,386
1,724

-483
-711

2,798
-983

..
39.8

33.6
36.6

36.3
35.3

35.1
34.3

35.9
33.9

31.8
37.7

30.5
37.2

29.2
40.5

100,770
18,735
2,852
23,878
92
-971
13,118

89,432
32,141
5,017
35,787
647
2,103
20,609

132,930
47,707
7,656
55,618
1,015
412
30,188

165,655
57,826
8,694
68,999
680
-1,415
32,216

191,178
45,601
7,150
56,910
2,101
-3,349
32,253

217,727
49,365
12,453
66,308
5,268
-4,504
33,612

232,593
47,371
14,324
68,076
5,079
-5,484
14,916

254,233
48,834
19,236
75,597
5,704
-6,972
11,628

155.7
29.0
9.8
14.1
13.4
45.0
6.6

93.2
33.5
6.9
5.5
17.4
68.8
6.9

71.7
25.7
6.0
6.5
22.5
88.2
6.5

58.1
20.3
5.6
8.5
22.9
96.0
5.6

76.9
18.3
6.4
7.3
24.7
92.0
6.8

74.0
16.8
6.1
8.6
25.3
92.0
6.1

74.2
15.1
7.4
8.6
27.3
42.4
2.6

81.9
15.7
6.6
16.6
26.1
29.1
1.8

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

80

EL SALVADOR
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

4,535
2,858
1,645
0
33

9,317
7,425
1,856
0
36

9,855
8,523
1,292
0
39

10,651
9,070
1,542
0
38

10,368
9,248
863
0
257

11,328
9,971
1,105
0
252

11,995
10,521
1,223
0
251

13,279
11,411
1,616
0
252

2,858
2,746
2,541
205
111

7,425
4,802
3,083
1,719
2,622

8,523
5,444
3,169
2,275
3,079

9,070
5,754
3,487
2,267
3,316

9,248
6,109
3,845
2,264
3,139

9,971
6,402
4,182
2,220
3,569

10,521
6,537
4,301
2,237
3,983

11,411
7,371
4,338
3,033
4,040

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

372
321
201
120
51

1,222
682
337
345
540

246
246
246
0
0

1,042
666
601
65
376

1,216
910
910
0
306

1,055
707
707
0
348

874
476
476
0
398

917
522
522
0
395

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

163
130
126
4
33

406
245
230
16
160

551
341
282
60
210

490
351
347
4
139

687
559
555
4
127

604
455
388
68
149

757
587
367
220
170

630
453
452
1
177

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

140
133
124
9
7

344
257
119
139
87

466
349
138
211
117

484
369
136
232
116

475
374
139
235
102

465
350
117
233
115

515
386
119
267
129

504
373
121
252
131

802
75
726
134
116
18
592

892
107
785
709
329
380
77

-302
-35
-267
-270
-59
-210
3

803
254
548
298
61
237
250

-150
354
-504
175
-4
178
-679

693
320
373
131
-68
199
242

234
109
126
8
-220
229
117

680
70
610
217
-1
218
393

173
..

511
..

1,551
..

903
..

369
..

248
..

306
..

467
..

..
67.4

3.5
81.2

3.8
83.1

3.4
83.4

3.2
85.1

2.8
86.4

2.6
87.5

2.4
90.1

12,881
3,803
1,765
6,031
60
-431
1,773

16,604
3,517
3,029
7,173
181
-622
1,723

19,649
4,657
3,709
9,620
159
-1,217
2,110

21,042
4,989
3,755
10,268
39
-1,532
2,443

20,105
4,293
3,402
8,047
175
-312
2,869

20,877
5,035
3,447
9,203
209
-570
2,570

22,463
5,946
3,665
10,924
276
-1,137
2,153

22,854
6,142
3,927
11,404
515
-1,257
2,806

119.3
35.2
9.9
36.3
42.7
39.1
3.5

264.9
56.1
24.2
19.9
26.3
18.5
2.9

211.6
50.2
23.5
13.1
25.5
21.4
2.6

213.5
50.6
20.2
14.5
26.1
22.9
2.9

241.5
51.6
27.4
8.3
30.7
27.7
4.3

225.0
54.3
21.5
9.8
31.2
22.7
3.4

201.7
53.4
21.6
10.2
30.7
17.9
2.4

216.2
58.1
18.7
12.2
28.5
21.1
3.0

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt data from 2005 are World Bank staff estimates based on reports provided by the country.

81

ERITREA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

329.7
298.0
12.0
2.0
19.8

757.2
723.0
12.6
1.6
21.7

896.4
855.7
16.7
3.7
24.0

997.8
957.0
17.5
4.5
23.3

1,050.7
1,013.0
13.9
5.9
23.8

1,041.5
1,002.0
16.2
6.2
23.3

1,055.2
1,013.6
18.4
7.4
23.3

994.1
952.1
18.6
12.6
23.3

298.0
298.0
298.0
0.0
..

723.0
723.0
690.1
32.9
..

855.7
855.7
814.7
41.0
..

957.0
957.0
917.4
39.5
..

1,013.0
1,013.0
972.1
40.9
..

1,002.0
1,002.0
964.1
38.0
..

1,013.6
1,013.6
976.9
36.8
..

952.1
952.1
914.7
37.5
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

50.7
50.7
50.7
0.0
..

70.6
70.6
70.6
0.0
..

42.1
42.1
42.1
0.0
..

104.9
104.9
104.1
0.8
..

57.6
57.6
57.6
0.0
..

8.6
8.6
8.6
0.0
..

24.2
24.2
24.2
0.0
..

26.8
26.8
26.8
0.0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

0.5
0.5
0.5
0.0
..

11.8
11.8
11.8
0.0
..

1.7
1.7
1.7
0.0
..

6.5
6.5
6.5
0.0
..

11.3
11.3
11.3
0.0
..

13.3
13.3
13.3
0.0
..

14.0
14.0
14.0
0.0
..

86.0
86.0
86.0
0.0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

2.5
2.5
2.5
0.0
..

8.4
8.4
8.4
0.0
..

4.1
4.1
4.1
0.0
..

9.1
9.1
9.1
0.0
..

10.3
10.3
10.3
0.0
..

9.3
9.3
9.3
0.0
..

7.9
7.9
7.9
0.0
..

8.5
8.5
8.3
0.2
..

60.2
50.2
10.0
0.0
0.0
..
10.0

38.9
58.9
-20.0
0.0
0.0
..
-20.0

38.4
40.4
-2.0
0.0
0.0
..
-2.0

98.3
97.5
0.8
0.8
0.8
..
..

41.3
46.3
-5.0
0.0
0.0
..
-5.0

-2.7
-4.7
2.0
0.0
0.0
..
2.0

11.2
10.2
1.0
0.0
0.0
..
1.0

-64.3
-59.3
-5.0
0.0
0.0
..
-5.0

27.9
..

1.4
..

7.2
..

39.0
..

91.0
..

91.0
..

39.0
..

73.7
..

..
57.0

5.3
68.5

5.5
67.9

4.7
66.6

4.4
67.8

4.0
67.3

3.7
67.2

4.0
66.5

706.8
106.9
3.3
510.3
4.4
-104.7
25.5

1,089.0
..
..
..
..
..
27.9

1,310.7
..
..
..
..
..
34.3

1,368.4
..
..
..
..
..
57.9

1,840.5
..
..
..
..
..
90.0

2,097.4
..
..
..
..
..
114.1

2,584.2
..
..
..
..
..
114.8

3,063.9
..
..
..
..
..
..

308.5
46.6
4.3
3.6
46.1
7.7
0.6

..
69.5
..
1.7
67.4
3.7
..

..
68.4
..
1.9
68.4
3.8
..

..
72.9
..
1.8
64.5
5.8
..

..
57.1
..
1.3
62.6
8.6
..

..
49.7
..
1.6
62.5
11.0
..

..
40.8
..
1.7
63.1
10.9
..

..
32.4
..
1.9
65.8
..
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term public and publicly guaranteed debt from 2010 are World Bank staff estimates. Short-term debt is based on data from the BIS.

82

ETHIOPIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

5,509
5,339
79
65
92

6,224
5,928
120
36
176

2,638
2,571
49
32
18

2,896
2,829
50
32
17

5,232
4,819
45
32
368

7,347
6,547
314
30
485

8,604
7,945
175
30
484

10,462
9,941
37
26
484

5,339
5,339
5,226
113
..

5,928
5,928
5,564
364
..

2,571
2,571
2,299
272
..

2,829
2,829
2,590
239
..

4,819
4,819
3,556
1,263
..

6,547
6,547
4,638
1,909
..

7,945
7,945
5,685
2,259
..

9,941
9,941
7,218
2,723
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

185
185
184
2
..

527
527
400
127
..

376
376
376
0
..

379
379
379
0
..

2,148
2,148
1,098
1,050
..

1,760
1,760
1,021
739
..

1,693
1,693
1,157
537
..

2,309
2,309
1,645
664
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

72
72
62
10
..

36
36
25
11
..

88
88
44
44
..

72
72
39
33
..

62
62
34
27
..

130
130
39
91
..

259
259
80
179
..

328
328
122
206
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

52
52
48
4
..

49
49
40
10
..

44
44
29
15
..

39
39
27
11
..

40
40
33
8
..

50
50
35
15
..

91
91
52
38
..

103
103
58
46
..

90
109
-19
-8
-8
..
-11

478
371
107
116
116
..
-9

265
333
-68
-44
-44
..
-23

309
340
-32
-33
-33
..
1

2,246
1,228
1,018
1,023
1,023
..
-5

2,023
1,105
918
647
647
..
271

1,295
1,077
219
358
358
..
-139

1,847
1,524
324
458
458
..
-134

135
..

265
..

222
..

109
..

221
..

288
..

627
..

279
..

..
75.8

5.6
72.4

17.5
58.3

16.9
55.3

8.5
68.9

10.1
70.3

8.0
72.3

6.9
74.1

8,119
1,008
53
1,673
9
13
306

12,271
1,973
174
4,943
21
-1,568
1,043

19,571
2,726
358
6,941
18
-828
1,290

26,881
3,533
387
9,634
17
-1,806
871

32,147
3,436
262
9,086
18
-2,191
1,781

29,598
4,652
345
9,982
35
-425
..

31,639
5,824
513
11,736
23
-783
..

43,037
6,003
624
14,235
6
-2,985
..

546.3
67.9
13.7
1.4
50.0
5.6
2.2

315.5
50.7
4.8
1.9
75.6
16.8
2.5

96.8
13.5
4.9
1.8
52.2
48.9
2.2

82.0
10.8
3.1
1.7
55.3
30.1
1.1

152.3
16.3
3.0
0.9
44.2
34.0
2.4

157.9
24.8
3.9
4.3
38.3
..
..

147.7
27.2
6.1
2.0
39.6
..
..

174.3
24.3
7.2
0.4
39.3
..
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is based on data from the BIS. Data include the effects of HIPC and MDRI debt relief.

83

FIJI
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

181.7
172.4
0.2
0.2
9.1

195.7
185.4
0.4
0.4
9.9

380.3
347.0
22.3
0.3
11.0

390.6
360.5
19.4
0.4
10.7

536.2
360.9
70.1
0.1
105.2

554.6
390.2
61.1
0.1
103.3

860.6
545.5
212.1
0.1
103.0

731.7
610.4
18.1
0.1
103.1

172.4
172.4
172.4
0.0
..

185.4
185.4
185.4
0.0
..

347.0
347.0
197.0
150.0
..

360.5
360.1
210.1
150.0
0.4

360.9
360.4
210.4
150.0
0.5

390.2
389.7
239.7
150.0
0.5

545.5
545.0
295.0
250.0
0.5

610.4
610.0
360.0
250.0
0.5

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

7.1
7.1
7.1
0.0
..

14.1
14.1
14.1
0.0
..

12.6
12.6
12.6
0.0
..

13.4
13.2
13.2
0.0
0.2

15.2
15.0
15.0
0.0
0.3

32.6
32.6
32.6
0.0
0.0

315.4
315.4
65.4
250.0
0.0

78.3
78.2
78.2
0.0
0.0

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

16.9
16.9
16.9
0.0
..

8.5
8.5
8.5
0.0
..

10.4
10.4
10.4
0.0
..

7.8
7.7
7.7
0.0
0.0

10.4
10.3
10.3
0.0
0.0

7.9
7.9
7.9
0.0
0.0

163.8
163.8
13.8
150.0
0.1

11.4
11.3
11.3
0.0
0.1

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

7.7
7.7
7.7
0.0
..

5.5
5.5
5.5
0.0
..

16.1
16.1
5.8
10.3
..

15.8
15.8
5.5
10.3
0.0

14.4
14.4
4.1
10.3
0.0

13.3
13.3
3.0
10.3
0.0

24.9
24.9
3.3
21.6
0.0

26.7
26.7
4.2
22.5
0.0

-9.8
-9.8
0.0
0.0
0.0
..
..

-47.5
5.5
-53.0
0.0
0.0
..
-53.0

13.2
2.2
11.0
0.0
0.0
..
11.0

2.6
5.5
-2.9
0.1
0.0
0.1
-3.0

55.9
4.6
51.2
0.2
0.0
0.2
51.0

15.6
24.6
-9.0
0.0
0.0
0.0
-9.0

302.6
51.7
251.0
100.0
100.0
0.0
151.0

-127.1
66.9
-194.0
0.0
0.0
0.0
-194.0

0.6
..

159.6
1.7

377.0
4.8

350.3
1.4

134.7
-1.1

196.2
0.1

417.2
..

267.9
..

..
49.0

2.3
64.2

1.3
83.4

1.1
82.7

0.6
83.5

0.5
80.8

..
81.4

..
76.3

1,717.4
1,023.2
44.0
1,136.4
7.5
-25.5
411.8

3,050.1
1,600.7
203.7
2,038.7
132.8
-257.5
320.9

3,329.5
1,631.3
183.2
2,258.1
127.1
-436.2
527.6

3,503.4
1,913.4
146.7
2,752.7
122.3
-647.3
321.5

2,870.6
1,375.0
171.2
1,783.5
48.0
-224.8
569.1

3,072.1
1,755.3
173.8
2,236.0
143.4
-360.3
719.4

3,698.9
..
..
..
..
-152.4
832.2

3,829.6
..
..
..
..
70.2
920.0

17.8
10.6
2.4
0.1
48.9
226.7
4.3

12.2
6.4
0.9
0.2
46.9
164.0
1.9

23.3
11.4
1.7
5.9
26.7
138.7
2.8

20.4
11.1
1.3
5.0
27.8
82.3
1.4

39.0
18.7
1.9
13.1
19.2
106.1
3.8

31.6
18.1
1.3
11.0
20.7
129.7
3.9

..
23.3
..
24.6
14.6
96.7
..

..
19.1
..
2.5
18.4
125.7
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt data for 2012 are World Bank staff estimates. Short-term debt is based on data from the BIS.

84

GABON
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

3,920
3,457
355
63
107

3,898
3,564
246
186
88

2,883
2,611
225
10
47

2,153
2,016
115
5
22

2,324
1,991
104
1
230

2,517
2,121
170
0
226

2,783
2,372
185
0
225

2,870
2,534
111
0
225

3,457
3,457
3,338
119
..

3,564
3,564
3,444
119
..

2,611
2,611
1,476
1,135
..

2,016
2,016
954
1,062
..

1,991
1,991
893
1,098
..

2,121
2,121
877
1,244
..

2,372
2,372
913
1,459
..

2,534
2,534
981
1,553
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

34
34
13
21
..

18
18
18
0
..

1,089
1,089
41
1,048
..

107
107
62
45
..

261
261
147
114
..

466
466
189
276
..

540
540
207
333
..

401
401
180
221
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

188
188
160
27
..

112
112
63
48
..

2,234
2,234
2,195
39
..

552
552
492
61
..

261
261
222
39
..

298
298
177
120
..

257
257
165
91
..

260
260
119
142
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

124
124
118
7
..

52
52
46
7
..

366
366
361
5
..

218
218
133
85
..

141
141
49
91
..

131
131
32
99
..

127
127
30
97
..

129
129
28
102
..

-363
-140
-223
-7
-7
..
-216

-58
-70
12
-48
-48
..
60

-1,054
-2,188
1,134
1,009
1,009
..
125

-575
-454
-121
-16
-16
..
-105

-7
-75
69
76
76
..
-7

235
12
223
156
156
..
67

298
42
257
242
242
..
15

67
61
5
79
79
..
-74

-43
..

326
..

269
..

773
..

573
..

499
..

696
..

702
..

..
29.1

47.5
36.2

34.9
44.5

25.8
55.5

23.9
56.0

25.2
55.4

28.1
52.1

29.1
50.4

4,289
3,547
6
2,483
473
1,001
190

7,708
5,639
11
3,387
765
1,983
669

10,082
..
..
..
..
2,046
1,227

13,882
..
..
..
..
3,402
1,923

11,068
..
..
..
..
1,625
1,993

12,732
..
..
..
..
..
1,736

16,298
..
..
..
..
..
2,157

16,577
..
..
..
..
..
2,352

110.5
91.4
9.9
9.1
11.9
4.8
0.9

69.1
50.6
3.4
6.3
10.1
17.2
2.4

..
28.6
..
7.8
14.1
42.6
..

..
15.5
..
5.3
17.7
89.3
..

..
21.0
..
4.5
17.2
85.8
..

..
19.8
..
6.8
15.3
69.0
..

..
17.1
..
6.6
15.9
77.5
..

..
17.3
..
3.9
16.6
81.9
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term public and publicly guaranteed debt data before 2008 are World Bank staff estimates based on reports provided by the country. Short-term debt is
based on data from the BIS. Data include the effects of Paris Club debt buyback agreement signed in 2007.

85

GAMBIA, THE
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

490.1
438.0
27.3
0.0
24.8

667.1
616.5
22.4
1.4
28.1

700.1
664.0
21.6
0.6
14.4

373.0
336.8
15.9
1.9
20.2

506.2
387.6
43.4
2.4
75.2

512.3
391.0
44.3
2.3
77.0

475.8
394.4
1.1
1.1
80.3

512.9
395.8
22.6
1.6
94.4

438.0
438.0
437.0
1.0
..

616.5
616.5
616.5
0.0
..

664.0
664.0
664.0
0.0
..

336.8
336.8
334.3
2.5
..

387.6
387.6
384.2
3.4
..

391.0
391.0
384.6
6.4
..

394.4
394.4
390.3
4.1
..

395.8
395.8
386.2
9.6
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

20.7
20.7
20.7
0.0
..

54.3
54.3
54.3
0.0
..

39.9
39.9
39.9
0.0
..

37.3
37.3
35.8
1.5
..

33.5
33.5
32.7
0.8
..

43.2
43.2
36.8
6.4
..

24.3
24.3
24.3
0.0
..

25.2
25.2
17.8
7.3
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

12.7
12.7
12.3
0.4
..

16.1
16.1
15.8
0.3
..

20.1
20.1
20.1
0.0
..

10.3
10.3
10.3
0.0
..

11.3
11.3
11.3
0.0
..

15.8
15.8
12.6
3.2
..

18.4
18.4
16.2
2.2
..

17.8
17.8
15.7
2.1
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

6.0
6.0
5.9
0.1
..

9.4
9.4
9.4
0.0
..

8.8
8.8
8.8
0.0
..

5.8
5.8
5.8
0.0
..

7.0
7.0
7.0
0.0
..

6.6
6.6
6.6
0.0
..

6.3
6.3
6.2
0.1
..

6.1
6.1
5.9
0.2
..

20.6
15.8
4.8
-0.4
-0.4
..
5.2

33.2
36.5
-3.3
-0.3
-0.3
..
-3.0

26.2
22.2
4.0
..
..
..
4.0

26.3
31.8
-5.5
1.5
1.5
..
-7.0

64.9
37.1
27.8
0.8
0.8
..
27.0

31.5
27.3
4.2
3.2
3.2
..
1.0

-32.5
11.7
-44.2
-2.2
-2.2
..
-42.0

42.4
16.1
26.3
5.3
5.3
..
21.0

..
..

53.7
..

78.1
..

78.6
..

39.4
..

37.4
..

36.2
..

33.5
..

..
51.2

3.5
55.2

3.6
48.0

5.2
50.8

5.0
46.6

5.1
46.9

3.5
45.7

4.9
43.0

752.7
..
..
..
..
..
109.4

601.7
189.8
59.3
305.0
26.9
-43.4
98.3

773.0
271.3
55.7
419.8
38.4
-58.4
142.8

940.1
335.8
64.8
407.4
42.8
10.9
116.5

872.6
290.1
79.8
362.3
11.7
63.0
224.2

922.3
284.9
115.7
341.3
11.5
56.3
201.6

867.6
318.9
107.9
392.8
11.3
109.8
223.2

874.5
343.8
141.0
468.0
10.2
57.6
236.2

..
65.1
..
5.6
70.1
22.3
..

351.5
110.9
15.1
3.4
75.3
14.7
3.9

258.1
90.6
12.5
3.1
78.0
20.4
4.1

111.1
39.7
5.1
4.3
58.1
31.2
3.4

174.5
58.0
6.5
8.6
53.1
44.3
7.4

179.8
55.5
8.1
8.7
51.6
39.4
7.1

149.2
54.8
7.9
0.2
57.8
46.9
6.8

149.2
58.7
7.1
4.4
54.2
46.1
6.1

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is based on data from the BIS. Data include the effects of HIPC and MDRI debt relief.

86

GEORGIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

1,826
1,316
44
1
466

2,151
1,663
50
11
438

2,897
1,844
574
7
479

7,633
6,003
948
7
682

8,556
6,736
808
7
1,012

9,519
7,284
963
7
1,272

11,359
8,605
1,545
84
1,210

13,426
10,302
2,159
389
965

1,316
1,274
1,272
2
42

1,663
1,531
1,529
2
132

1,844
1,604
1,602
2
241

6,003
2,974
1,780
1,194
3,029

6,736
3,529
2,155
1,375
3,207

7,284
4,141
2,450
1,691
3,143

8,605
4,343
2,706
1,637
4,262

10,302
4,876
3,097
1,778
5,426

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

65
37
37
0
28

146
76
76
0
69

193
100
100
0
93

893
725
225
500
168

1,147
678
427
250
469

1,190
815
401
414
375

1,785
843
343
500
942

2,652
690
431
258
1,963

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

42
41
41
0
2

103
80
80
0
23

103
86
85
0
17

423
110
40
70
314

474
140
70
70
334

510
169
71
97
342

1,199
620
67
553
579

956
165
48
118
790

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

43
42
42
0
1

28
24
24
0
4

33
25
25
0
8

225
54
28
27
171

251
77
31
45
174

247
87
39
47
160

307
139
35
104
167

410
112
38
73
298

33
-29
62
26
0
26
36

-30
-17
-14
46
0
47
-60

231
17
213
75
0
75
138

1,065
406
659
285
430
-145
374

846
670
176
316
181
136
-140

1,111
605
505
350
316
34
156

1,031
216
815
310
-53
363
505

1,762
139
1,622
1,313
141
1,172
309

131
..

453
3

1,878
34

1,591
115

653
12

869
-22

1,084
-7

831
74

..
82.3

19.7
73.3

16.7
73.1

9.0
81.7

7.9
80.3

8.0
80.7

9.7
78.4

12.5
73.5

3,175
1,007
274
1,433
36
-177
116

6,473
2,415
446
3,469
116
-695
479

10,209
3,645
883
6,325
298
-1,991
1,361

12,680
4,245
1,065
8,115
358
-2,810
1,480

10,679
3,672
1,112
5,779
262
-1,139
2,110

11,416
4,591
1,184
6,885
470
-1,196
2,264

14,012
6,000
1,547
9,168
800
-1,840
2,818

15,723
7,099
1,770
10,357
747
-1,850
2,873

181.3
57.5
12.5
2.4
26.2
6.4
1.0

89.1
33.2
8.1
2.3
38.1
22.2
1.7

79.5
28.4
6.0
19.8
35.0
47.0
2.6

179.8
60.2
16.7
12.4
15.6
19.4
2.2

233.0
80.1
21.0
9.4
17.9
24.7
4.4

207.4
83.4
17.5
10.1
18.9
23.8
3.9

189.3
81.1
26.8
13.6
17.8
24.8
3.7

189.1
85.4
23.3
16.1
17.2
21.4
3.3

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

87

GHANA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

6,261
5,314
572
10
375

7,182
6,059
616
38
507

5,113
3,565
1,282
27
266

5,689
4,084
1,346
8
259

7,190
5,032
1,332
50
826

9,316
6,116
2,264
28
937

11,296
7,400
2,795
105
1,101

12,436
8,606
2,577
106
1,253

5,314
5,057
4,705
352
257

6,059
6,059
5,496
563
0

3,565
3,565
2,137
1,428
0

4,084
4,084
2,600
1,485
0

5,032
5,032
3,329
1,703
0

6,116
6,116
4,220
1,895
0

7,400
7,400
5,133
2,267
0

8,606
8,606
5,979
2,627
0

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

425
425
342
82
0

560
560
485
74
0

1,312
1,312
436
876
0

757
757
600
156
0

1,005
1,005
726
279
0

1,310
1,310
998
312
0

1,534
1,534
1,025
509
0

1,597
1,597
1,060
537
0

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

217
214
141
73
3

190
190
127
63
0

134
134
64
70
0

137
137
64
73
0

138
138
56
82
0

151
151
75
76
0

199
199
90
108
0

440
440
244
196
0

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

95
80
64
16
14

88
88
57
30
0

66
66
31
35
0

130
130
34
96
0

107
107
46
61
0

160
160
72
88
0

98
98
61
37
0

192
192
87
104
0

70
199
-129
6
9
-3
-136

268
366
-98
11
11
..
-109

1,309
372
937
806
806
..
131

702
537
166
83
83
..
83

916
775
141
197
197
..
-56

2,238
1,048
1,190
236
236
..
954

1,961
1,106
855
401
401
..
454

1,088
965
123
342
342
..
-219

166
..

145
..

1,383
..

2,715
..

2,373
535

2,527
18

3,222
1

3,295
..

..
68.0

4.7
77.4

16.5
56.1

18.7
54.0

21.1
51.7

19.2
54.0

18.6
55.4

17.6
56.3

4,836
2,456
32
3,473
17
-386
232

10,601
3,952
99
6,851
94
-1,105
1,753

24,617
6,088
117
10,510
334
-2,379
1,984

28,412
7,156
126
12,695
-80
-3,327
1,770

25,885
7,735
114
11,710
495
-1,897
3,386

31,765
9,490
136
14,560
396
-2,747
4,763

37,922
14,712
152
20,813
1,062
-3,504
5,483

38,564
16,858
138
24,186
1,915
-4,778
5,368

254.9
129.5
16.0
9.1
58.5
3.7
0.8

181.7
67.7
8.5
8.6
70.2
24.4
3.1

84.0
20.8
3.9
25.1
30.2
38.8
2.3

79.5
20.0
4.2
23.6
33.4
31.1
1.7

93.0
27.8
3.6
18.5
32.4
47.1
3.5

98.2
29.3
3.9
24.3
29.5
51.1
3.9

76.8
29.8
2.3
24.7
29.0
48.5
3.2

73.8
32.2
4.2
20.7
29.7
43.2
2.7

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term public and publicly guaranteed debt data for 2012 are World Bank staff estimates. Long-term private nonguaranteed debt data only cover bonds.
Short-term debt is based on data from the BIS. Data include the effects of MDRI debt relief.

88

GRENADA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

203.5
180.7
21.6
4.5
1.2

407.2
391.3
6.3
4.3
9.7

537.6
479.5
49.0
12.0
9.1

551.8
477.2
60.2
11.2
14.4

571.4
494.6
36.3
13.3
40.5

578.1
493.3
38.6
14.6
46.3

566.9
487.2
33.8
15.8
45.9

590.6
489.9
55.2
39.2
45.5

180.7
180.7
116.8
63.9
..

391.3
391.3
172.4
218.9
..

479.5
479.5
231.6
247.9
..

477.2
477.2
257.2
219.9
..

494.6
494.6
274.6
219.9
..

493.3
493.3
277.7
215.6
..

487.2
487.2
273.2
214.0
..

489.9
489.9
275.8
214.0
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

77.6
77.6
19.8
57.8
..

38.5
38.5
38.5
0.0
..

24.3
24.3
24.3
0.0
..

30.5
30.5
30.5
0.0
..

25.7
25.7
25.7
0.0
..

21.1
21.1
21.1
0.0
..

6.3
6.3
6.3
0.0
..

8.7
8.7
8.7
0.0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

10.1
10.1
6.3
3.7
..

5.6
5.6
5.3
0.4
..

7.2
7.2
7.2
0.0
..

8.9
8.9
8.9
0.0
..

9.4
9.4
9.4
0.0
..

15.4
15.4
11.0
4.4
..

13.5
13.5
10.6
2.9
..

6.3
6.3
6.3
0.0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

3.4
3.4
2.3
1.1
..

3.3
3.3
3.3
0.0
..

8.6
8.6
5.6
3.0
..

8.3
8.3
5.6
2.6
..

11.1
11.1
5.8
5.4
..

10.9
10.9
5.7
5.2
..

11.5
11.5
6.4
5.1
..

8.2
8.2
3.6
4.6
..

63.4
13.4
50.0
54.1
54.1
..
-4.1

-28.1
33.2
-61.4
-0.4
-0.4
..
-61.0

22.8
14.8
8.0
0.0
0.0
..
8.0

39.3
27.3
12.0
0.0
0.0
..
12.0

0.0
26.0
-26.0
0.0
0.0
..
-26.0

13.1
16.5
-3.4
-4.4
-4.4
..
1.0

-13.4
-4.5
-8.9
-2.9
-2.9
..
-6.0

-0.1
1.9
-2.0
0.0
0.0
..
-2.0

37.4
..

70.2
..

156.6
..

134.8
..

102.6
..

60.4
..

42.6
..

30.2
..

..
78.4

0.4
91.3

0.3
92.1

0.3
91.0

0.3
90.3

0.3
91.0

0.3
91.3

0.3
91.3

489.5
240.8
46.4
349.0
27.8
-88.1
57.7

672.1
160.3
26.8
435.9
22.7
-193.3
94.3

717.6
223.2
28.6
491.1
35.7
-241.7
110.6

783.3
215.9
28.9
502.5
31.7
-251.9
105.3

708.2
195.3
27.7
432.1
55.4
-197.2
129.1

729.8
190.8
28.5
425.3
30.8
-202.6
119.2

748.6
199.5
28.9
428.1
20.6
-204.5
120.7

751.3
199.5
29.4
438.3
21.0
-214.4
119.5

84.5
41.6
6.0
10.6
31.1
28.3
2.0

254.0
60.6
6.6
1.5
27.2
23.1
2.6

240.9
74.9
8.8
9.1
28.0
20.6
2.7

255.6
70.4
10.0
10.9
30.6
19.1
2.5

292.7
80.7
12.0
6.4
32.0
22.6
3.6

303.0
79.2
14.0
6.7
32.5
20.6
3.4

284.2
75.7
12.8
6.0
32.8
21.3
3.4

296.0
78.6
7.7
9.3
32.0
20.2
3.3

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

89

GUATEMALA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

3,948
2,740
1,172
317
36

9,506
8,014
1,453
414
40

12,676
10,629
2,004
0
44

13,821
11,627
2,151
0
43

14,822
13,281
1,226
0
315

15,039
13,144
1,585
0
309

16,286
13,712
2,265
0
308

14,975
12,697
1,970
0
309

2,740
2,598
2,156
442
142

8,014
3,720
2,484
1,237
4,294

10,629
4,220
3,265
955
6,408

11,627
4,383
3,427
955
7,245

13,281
4,923
3,968
955
8,358

13,144
5,555
4,600
955
7,589

13,712
5,358
4,728
630
8,354

12,697
6,145
4,815
1,330
6,551

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

220
220
220
0
0

1,639
144
144
0
1,495

2,237
599
599
0
1,638

958
396
396
0
562

941
807
807
0
135

1,471
879
879
0
592

1,031
399
399
0
633

1,373
1,071
371
700
302

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

192
172
139
32
20

570
200
199
1
371

875
360
210
150
515

917
260
260
0
656

1,086
269
269
0
817

949
264
264
0
685

1,343
600
275
325
743

839
259
259
0
580

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

153
134
112
23
19

420
203
102
101
217

570
249
149
101
321

621
257
169
88
365

657
258
170
88
399

636
284
196
88
352

684
284
196
88
401

528
210
177
34
318

62
80
-18
-52
-32
-20
34

906
-56
961
1,124
-1
1,125
-163

1,892
390
1,503
973
-150
1,123
530

188
136
52
-95
0
-95
147

-1,070
537
-1,607
-682
0
-682
-925

881
615
266
-93
0
-93
359

368
123
245
-435
-325
-110
680

239
111
127
422
700
-278
-295

230
..

540
..

859
..

751
..

696
..

921
..

1,140
..

1,150
..

..
73.3

2.5
85.0

2.1
87.4

1.9
87.9

1.7
89.5

1.3
90.7

1.3
90.7

1.2
92.5

19,065
4,077
596
5,991
248
-1,050
1,746

26,726
7,069
3,067
11,886
370
-1,241
3,664

33,270
9,270
4,236
15,910
819
-1,786
4,130

38,199
10,264
4,460
17,052
886
-1,681
4,462

36,632
9,572
4,019
14,190
951
8
4,964

40,129
11,108
4,232
16,680
1,001
-626
5,637

45,330
13,106
4,524
19,838
1,453
-1,599
5,835

49,426
12,809
5,035
19,963
1,192
-1,447
6,325

96.8
20.7
9.7
29.7
38.5
44.2
3.5

134.5
35.6
14.8
15.3
21.5
38.5
3.7

136.7
38.1
16.4
15.8
22.9
32.6
3.1

134.7
36.2
15.7
15.6
22.2
32.3
3.1

154.8
40.5
18.4
8.3
24.4
33.5
4.2

135.4
37.5
14.4
10.5
28.2
37.5
4.1

124.3
35.9
15.7
13.9
26.9
35.8
3.5

116.9
30.3
10.9
13.2
30.0
42.2
3.8

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term public and publicly guaranteed debt data for 2012 are World Bank staff estimates based on the original terms of the loans. Long-term private
nonguaranteed debt data are World Bank staff estimates based on reports provided by the country. Short-term debt is based on data from the BIS.

90

GUINEA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

3,083
2,650
298
81
136

2,968
2,771
84
84
113

3,224
2,992
139
95
92

3,165
2,873
194
38
98

3,128
2,868
40
38
220

3,127
2,798
124
56
205

3,139
2,849
91
80
199

1,097
842
40
40
215

2,650
2,650
2,621
29
..

2,771
2,771
2,740
31
..

2,992
2,992
2,957
35
..

2,873
2,873
2,855
18
..

2,868
2,868
2,850
19
..

2,798
2,798
2,780
18
..

2,849
2,849
2,831
18
..

842
842
830
12
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

71
71
71
0
..

93
93
92
1
..

74
74
72
2
..

63
63
63
0
..

42
42
42
0
..

32
32
32
0
..

33
33
33
0
..

39
39
39
0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

91
91
91
0
..

84
84
84
0
..

78
78
78
0
..

78
78
78
0
..

77
77
77
0
..

45
45
45
0
..

133
133
133
0
..

90
90
90
0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

41
41
41
0
..

45
45
45
0
..

44
44
44
0
..

27
27
27
0
..

24
24
24
0
..

17
17
17
0
..

31
31
31
0
..

17
17
17
0
..

-41
-28
-13
0
0
..
-12

-17
-18
1
1
1
..
..

-32
-16
-16
2
2
..
-18

105
-7
112
0
0
..
112

-202
-48
-154
0
0
..
-154

42
-24
66
0
0
..
66

-163
-106
-57
0
0
..
-57

-47
-36
-11
0
0
..
-11

10
..

105
..

386
..

382
..

141
..

101
..

956
..

605
..

..
60.0

10.7
62.9

13.2
62.1

12.7
65.0

13.3
64.4

12.5
64.4

11.8
65.5

5.8
60.1

2,922
758
1
973
8
-140
148

2,658
929
42
1,079
..
-160
95

3,832
1,313
15
1,637
54
-455
..

3,341
1,455
62
1,911
14
-438
..

3,711
1,144
52
1,581
88
-403
..

4,302
1,549
46
1,892
0
-327
..

4,651
1,528
65
2,829
26
-1,161
103

6,237
2,118
66
3,289
39
-1,039
..

406.9
105.5
20.7
9.7
52.2
4.8
1.8

319.5
111.7
16.8
2.8
60.4
3.2
1.1

245.6
84.1
11.2
4.3
60.1
..
..

217.5
94.7
8.8
6.1
60.4
..
..

273.4
84.3
10.1
1.3
60.5
..
..

201.9
72.7
4.7
4.0
59.6
..
..

205.4
67.5
11.2
2.9
61.0
3.3
0.4

51.8
17.6
7.0
3.6
55.7
..
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term public and publicly guaranteed debt data are World Bank staff estimates based on the original terms of the loans. Short-term debt is based on data
from the BIS. Data include the effects of Paris Club debt restructuring agreement signed in 2010, 2012 and HIPC debt relief.

91

GUINEA-BISSAU
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

947.8
821.1
100.4
87.4
26.3

1,021.7
887.8
120.7
118.7
13.2

1,091.3
934.8
149.4
142.4
7.1

1,098.3
941.4
146.5
144.5
10.5

1,149.0
963.3
154.5
147.5
31.3

1,128.6
977.3
126.6
125.6
24.7

283.7
218.5
33.1
33.1
32.0

279.5
213.4
34.1
33.1
32.0

821.1
821.1
821.1
0.0
..

887.8
887.8
887.8
0.0
..

934.8
934.8
934.8
0.0
..

941.4
941.4
941.4
0.0
..

963.3
963.3
963.3
0.0
..

977.3
977.3
977.3
0.0
..

218.5
218.5
218.5
0.0
..

213.4
213.4
213.4
0.0
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

13.6
13.6
13.6
0.0
..

15.6
15.6
15.6
0.0
..

16.1
16.1
16.1
0.0
..

7.6
7.6
7.6
0.0
..

6.0
6.0
6.0
0.0
..

4.0
4.0
4.0
0.0
..

9.1
9.1
9.1
0.0
..

2.7
2.7
2.7
0.0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

2.6
2.6
2.4
0.2
..

1.0
1.0
1.0
0.0
..

3.6
3.6
3.6
0.0
..

4.1
4.1
4.1
0.0
..

4.7
4.7
4.7
0.0
..

5.8
5.8
5.8
0.0
..

4.5
4.5
4.5
0.0
..

6.3
6.3
6.3
0.0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1.6
1.6
1.6
0.0
..

2.0
2.0
2.0
0.0
..

3.3
3.3
3.3
0.0
..

3.4
3.4
3.4
0.0
..

3.7
3.7
3.7
0.0
..

3.3
3.3
3.3
0.0
..

0.5
0.5
0.5
0.0
..

0.6
0.6
0.6
0.0
..

29.4
19.6
9.8
-0.2
-0.2
..
10.0

10.4
11.4
-1.0
0.0
0.0
..
-1.0

16.2
9.2
7.0
0.0
0.0
..
7.0

2.1
7.1
-5.0
0.0
0.0
..
-5.0

7.4
2.4
5.0
0.0
0.0
..
5.0

-0.2
5.8
-6.0
0.0
0.0
..
-6.0

11.2
12.2
-1.0
0.0
0.0
..
-1.0

-2.7
-3.7
1.0
0.0
0.0
..
1.0

0.7
..

8.7
..

18.8
0.2

6.6
..

-1.3
-0.2

1.5
2.7

25.0
..

16.2
..

..
34.0

10.3
46.4

12.0
49.5

11.3
50.0

11.4
50.2

9.3
53.8

..
48.8

..
49.6

203.1
..
8.0
..
..
..
66.8

561.4
95.2
19.9
156.9
..
-10.5
79.8

686.8
140.9
43.0
246.5
..
-30.6
112.9

829.4
172.1
49.5
298.9
0.3
-28.8
124.6

822.4
163.4
48.9
308.9
5.6
-47.6
168.6

834.5
183.8
45.9
314.6
5.7
-70.8
156.4

967.3
..
..
..
..
-13.9
220.0

896.0
..
..
..
..
..
164.6

..
466.8
..
10.6
41.8
7.0
..

1072.9
182.0
6.7
11.8
45.4
7.8
6.1

774.7
158.9
7.5
13.7
47.7
10.3
5.5

638.2
132.4
5.7
13.3
47.2
11.3
5.0

703.2
139.7
6.2
13.4
45.3
14.7
6.5

614.0
135.2
9.5
11.2
44.8
13.9
6.0

..
29.3
..
11.7
40.4
77.6
..

..
31.2
..
12.2
39.6
58.9
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term public and publicly guaranteed debt data are World Bank staff estimates. Short-term debt is based on data from the BIS. Data include the effects of
Paris Club debt restructuring agreement and HIPC and MDRI debt relief.

92

GUYANA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

1,384
1,129
119
67
136

1,237
1,043
82
82
112

759
584
93
93
82

850
675
96
96
79

1,172
781
196
97
195

1,485
885
410
103
190

1,846
1,054
609
107
182

1,974
1,215
588
111
171

1,129
1,125
1,080
45
4

1,043
1,041
1,033
9
2

584
584
575
8
..

675
675
654
21
..

781
779
758
21
2

885
885
864
21
0

1,054
1,054
1,034
21
0

1,215
1,215
1,194
21
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

64
64
64
0
0

104
104
104
0
0

101
101
101
0
..

138
138
138
0
..

105
105
105
0
0

123
123
123
0
0

188
188
188
0
0

279
279
279
0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

23
22
22
0
0

16
15
15
0
0

16
16
16
0
..

16
16
16
0
..

8
8
8
0
0

16
16
16
0
0

20
20
20
0
0

119
119
119
0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

26
26
26
0
0

10
10
10
0
0

9
9
9
0
..

10
10
10
0
..

11
10
10
0
0

11
11
11
0
0

13
13
13
0
0

13
13
13
0
..

21
34
-14
0
0
0
-13

76
108
-32
-1
0
0
-31

9
85
-76
..
..
..
-76

122
122
..
..
..
..
..

195
96
99
0
..
0
99

314
106
208
0
..
0
208

355
160
195
0
..
0
195

124
149
-25
..
..
..
-25

67
..

77
..

152
..

178
..

164
..

198
..

247
..

276
..

..
69.3

2.1
74.3

4.6
86.5

3.5
88.8

2.9
90.2

2.2
90.3

1.7
89.9

1.4
88.9

661
684
27
813
6
-82
305

804
697
201
960
7
-96
252

1,705
889
283
1,288
-7
-112
313

1,908
1,055
274
1,705
12
-321
356

2,009
978
262
1,509
13
-231
631

2,272
1,183
368
1,709
13
-155
782

2,567
1,479
412
2,265
18
-372
802

2,849
1,742
469
2,556
8
-395
864

202.4
209.5
10.2
8.6
43.4
22.0
4.5

177.5
153.7
5.0
6.6
68.8
20.4
3.1

85.3
44.5
3.2
12.3
48.4
41.3
2.9

80.6
44.6
2.5
11.3
44.8
41.9
2.5

119.8
58.3
2.1
16.7
38.2
53.9
5.0

125.5
65.4
2.7
27.6
33.8
52.7
5.5

124.8
71.9
3.1
33.0
29.9
43.4
4.2

113.3
69.3
8.7
29.8
30.7
43.8
4.1

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Principal payment shown for 2012 include the price of rice exchanged under "Rice for oil". Data include the effects of HIPC and MDRI debt relief.

93

HAITI
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

1,203
1,056
90
1
57

1,347
1,278
28
15
41

1,601
1,525
0
0
77

1,972
1,846
0
0
126

1,448
1,158
0
0
291

985
850
0
0
135

783
635
0
0
148

1,154
985
0
0
169

1,056
1,056
1,056
0
..

1,278
1,278
1,278
0
..

1,525
1,525
1,525
0
..

1,846
1,846
1,846
0
..

1,158
1,158
1,158
0
..

850
850
850
0
..

635
635
635
0
..

985
985
985
0
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

51
51
51
0
..

77
77
77
0
..

97
97
97
0
..

356
356
356
0
..

212
212
212
0
..

284
284
284
0
..

341
341
341
0
..

346
346
346
0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

19
19
19
0
..

34
34
34
0
..

23
23
23
0
..

34
34
34
0
..

26
26
26
0
..

122
122
122
0
..

2
2
2
0
..

1
1
1
0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

15
15
15
0
..

17
17
17
0
..

22
22
22
0
..

23
23
23
0
..

15
15
15
0
..

8
8
8
0
..

3
3
3
0
..

3
3
3
0
..

20
26
-6
0
0
..
-6

21
55
-34
0
0
..
-34

-14
94
-108
0
0
..
-108

372
372
0
0
0
..
..

243
243
0
0
0
..
..

286
286
0
0
0
..
..

351
351
0
0
0
..
..

368
368
0
0
0
..
..

13
..

26
..

75
..

30
..

38
..

150
..

181
..

179
..

..
81.1

3.4
80.4

5.7
80.9

5.0
84.1

4.0
87.3

3.6
88.6

..
89.8

..
93.4

..
504
578
1,378
..
-114
182

4,228
605
986
1,888
..
7
133

5,973
801
1,222
2,404
..
-86
452

6,413
861
1,370
2,876
..
-289
541

6,483
961
1,376
2,823
..
-226
789

6,657
835
1,474
4,098
..
-166
1,335

7,387
1,061
1,571
4,157
..
-339
1,195

7,912
1,114
..
3,853
..
-349
1,284

238.9
..
9.2
7.5
76.4
15.1
1.6

222.6
31.9
9.5
2.1
79.9
9.9
0.8

199.9
26.8
10.4
..
77.9
28.2
2.3

229.1
30.8
6.7
..
67.4
27.5
2.3

150.7
22.3
4.7
..
35.9
54.4
3.4

118.0
14.8
15.7
0.0
56.5
135.5
3.9

73.8
10.6
0.5
..
9.8
152.6
3.4

103.6
14.6
0.3
..
6.8
111.3
4.0

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is based on data from the BIS. Data include the effects of Paris Club restructuring agreements signed in 2006 and 2009 and HIPC and MDRI
debt relief.

94

HONDURAS
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

5,478
4,863
374
35
241

5,170
4,654
321
12
195

3,000
2,621
317
5
62

3,489
2,963
466
3
61

3,806
3,330
249
10
226

3,977
3,382
374
11
220

4,388
3,905
267
6
215

4,987
4,433
345
6
209

4,863
4,303
4,201
102
560

4,654
4,145
4,090
55
509

2,621
1,997
1,959
39
624

2,963
2,306
2,269
37
657

3,330
2,451
2,364
87
880

3,382
2,803
2,719
84
579

3,905
3,186
3,106
81
719

4,433
3,645
3,543
102
788

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

347
163
159
4
184

481
302
297
4
179

385
230
229
1
155

649
431
430
1
218

703
246
196
50
457

904
452
452
0
452

1,453
558
558
0
894

1,416
513
493
20
903

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

259
93
91
1
166

265
139
138
1
126

234
105
103
2
130

277
54
53
1
223

341
107
106
1
234

452
62
61
1
390

922
65
63
2
856

826
60
60
0
767

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

108
77
76
0
31

83
64
63
0
20

81
53
53
0
28

77
49
49
0
27

68
41
41
0
27

56
46
46
0
10

74
59
58
0
15

89
70
70
0
19

42
84
-42
20
3
18
-63

155
159
-4
57
4
54
-61

182
126
56
25
0
25
31

523
377
146
-5
0
-6
151

139
90
49
272
49
223
-223

575
389
185
62
-1
62
124

424
490
-66
36
-2
38
-102

662
427
234
157
20
136
78

382
..

601
..

967
..

1,201
..

494
..

485
..

1,043
..

1,068
..

..
64.9

5.7
72.4

8.8
68.0

9.3
69.1

10.0
69.0

8.3
73.3

7.2
76.2

7.0
78.1

6,951
4,001
484
5,047
160
-508
1,313

9,259
3,817
1,805
6,016
479
-304
2,327

11,963
4,641
2,614
8,428
535
-1,115
2,528

13,364
5,013
2,821
10,116
534
-2,129
2,473

13,540
4,318
2,477
7,514
602
-557
2,086

14,668
4,839
2,618
8,557
681
-836
2,671

16,450
6,245
2,811
10,851
910
-1,498
2,750

16,687
6,707
2,909
11,654
1,218
-1,744
2,495

136.9
78.8
9.9
6.8
50.7
24.0
3.1

135.5
55.8
10.0
6.2
61.7
45.0
4.6

64.6
25.1
7.2
10.6
42.6
84.3
3.6

69.6
26.1
7.4
13.3
41.2
70.9
2.9

88.1
28.1
9.6
6.5
40.0
54.8
3.3

82.2
27.1
10.6
9.4
47.7
67.2
3.7

70.3
26.7
16.1
6.1
53.2
62.7
3.0

74.4
29.9
13.8
6.9
55.2
50.0
2.6

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Data include the effects of HIPC and MDRI debt relief.

95

HUNGARY
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

30,754
25,310
4,152
0
1,291

86,226
66,184
18,626
0
1,416

174,521
139,622
33,333
0
1,566

222,899
186,755
28,125
0
8,019

239,941
197,704
28,711
0
13,526

215,921
169,836
32,798
0
13,287

210,737
165,850
31,641
0
13,246

203,757
172,700
22,745
0
8,311

25,310
14,296
1,860
12,437
11,014

66,184
33,675
2,401
31,274
32,509

139,622
50,552
3,367
47,185
89,070

186,755
50,026
8,640
41,386
136,729

197,704
54,802
16,155
38,647
142,902

169,836
53,966
17,508
36,458
115,870

165,850
52,652
14,998
37,654
113,198

172,700
62,140
15,528
46,612
110,560

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

6,283
1,115
133
982
5,168

26,467
6,254
623
5,631
20,213

52,795
6,767
259
6,508
46,028

112,009
8,346
6,582
1,764
103,663

105,860
8,947
7,221
1,726
96,913

67,411
4,755
2,911
1,844
62,656

113,838
7,795
1,331
6,464
106,043

99,030
11,783
579
11,204
87,247

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

6,443
2,512
343
2,169
3,931

21,833
4,209
214
3,995
17,624

28,209
1,618
190
1,428
26,591

66,568
9,605
952
8,653
56,964

101,707
5,612
226
5,386
96,095

94,173
3,060
374
2,686
91,113

110,860
8,217
3,363
4,854
102,644

95,875
2,814
382
2,432
93,062

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1,319
937
126
811
382

1,942
893
87
806
1,049

3,877
1,233
145
1,088
2,644

6,662
1,497
291
1,207
5,165

7,088
1,468
343
1,124
5,620

6,964
1,531
437
1,094
5,433

6,257
1,831
568
1,263
4,426

5,544
1,701
481
1,220
3,844

449
-210
660
50
-1,187
1,237
609

6,114
410
5,704
4,224
1,636
2,589
1,480

35,269
69
35,200
24,517
5,080
19,437
10,683

46,895
12,293
34,602
39,810
-6,889
46,699
-5,208

10,017
12,273
-2,256
-2,842
-3,660
818
586

-22,674
2,538
-25,212
-29,299
-842
-28,457
4,087

1,820
-2,032
3,853
5,010
1,610
3,399
-1,157

-10,659
-4,722
-5,938
2,958
8,772
-5,815
-8,895

2,770
..

8,505
-16

70,631
-5,010

74,992
-197

-2,966
665

-20,659
-206

11,311
-203

8,586
1,137

..
23.4

41.7
45.6

45.5
43.5

57.0
31.0

62.3
23.6

57.2
29.6

50.5
36.9

41.2
49.2

44,085
..
..
..
..
..
..

104,367
74,311
1,913
82,180
5,900
-8,238
18,552

126,596
119,237
2,309
128,517
16,524
-9,962
23,970

144,346
139,525
2,509
149,801
19,017
-11,119
33,788

121,031
113,546
2,137
114,299
18,187
-193
44,074

122,372
125,137
2,162
124,218
19,631
1,402
44,849

131,829
135,733
2,441
135,159
16,038
1,211
48,681

117,509
126,013
2,302
124,410
15,137
2,087
44,506

..
69.8
..
13.5
4.3
..
..

116.0
82.6
32.9
21.6
2.5
21.5
2.7

146.4
137.9
27.9
19.1
1.8
13.7
2.2

159.8
154.4
52.5
12.6
3.8
15.2
2.7

211.3
198.2
96.0
12.0
6.7
18.4
4.6

172.5
176.4
81.1
15.2
8.1
20.8
4.3

155.3
159.9
86.5
15.0
7.1
23.1
4.3

161.7
173.4
84.6
11.2
7.6
21.8
4.3

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

96

INDIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

101,130
96,781
3,462
0
888

121,195
111,406
8,816
0
974

204,058
166,888
36,093
0
1,076

227,114
182,243
43,821
0
1,049

256,312
203,473
46,603
0
6,237

291,651
229,076
56,448
0
6,127

336,845
252,685
78,052
0
6,108

379,099
279,636
93,349
0
6,114

Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

96,781
81,195
51,729
29,466
15,586

111,406
54,726
50,058
4,668
56,680

166,888
69,908
57,366
12,542
96,980

182,243
76,318
62,626
13,692
105,925

203,473
85,293
65,971
19,322
118,180

229,076
101,786
73,956
27,830
127,290

252,685
110,371
78,354
32,017
142,314

279,636
119,432
78,026
41,406
160,204

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

10,556
10,256
3,270
6,986
300

19,380
6,630
3,824
2,805
12,751

64,526
16,040
4,693
11,347
48,486

38,712
18,824
5,917
12,907
19,888

26,646
10,396
5,971
4,425
16,250

44,629
25,560
9,780
15,781
19,069

44,073
14,865
7,924
6,941
29,207

50,065
17,269
5,170
12,099
32,796

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

6,702
6,454
3,494
2,959
249

19,384
12,469
2,701
9,769
6,914

32,097
8,842
2,392
6,450
23,255

23,685
13,447
3,001
10,446
10,238

10,990
5,336
2,923
2,413
5,654

19,018
5,164
3,159
2,005
13,854

22,228
6,823
3,908
2,915
15,405

21,089
6,183
3,696
2,488
14,906

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

4,007
3,378
1,436
1,941
630

4,196
3,022
1,062
1,960
1,174

5,488
1,450
1,173
276
4,038

5,718
1,524
1,164
360
4,194

4,942
1,322
1,012
310
3,620

4,675
1,063
798
265
3,612

6,258
1,262
926
335
4,996

8,136
1,758
1,265
493
6,378

3,358
-249
3,607
4,078
4,026
51
-471

1,949
1,124
825
-1,127
-6,964
5,837
1,952

43,425
2,301
41,124
30,128
4,897
25,231
10,996

22,755
2,916
19,839
12,111
2,461
9,650
7,728

18,437
3,048
15,389
12,607
2,011
10,596
2,782

35,456
6,621
28,836
18,991
13,776
5,215
9,845

43,449
4,016
39,433
17,829
4,026
13,803
21,604

44,272
1,474
42,798
27,501
9,611
17,890
15,297

3,584
2,481

7,269
12,151

25,228
32,863

43,406
-15,030

35,581
24,689

27,397
30,442

36,499
-4,048

23,996
22,809

..
66.3

7.4
65.6

6.5
67.3

5.5
64.3

5.0
67.6

4.0
70.0

3.6
71.1

3.5
75.2

469,716
62,453
12,883
80,489
..
-4,601
37,902

828,318
160,228
22,125
194,154
5,244
-10,284
131,924

1,233,605
252,732
37,217
297,951
10,910
-8,076
266,988

1,216,938
320,713
49,977
400,437
11,989
-30,972
247,419

1,357,363
274,580
49,204
349,529
12,279
-26,186
265,182

1,692,962
357,996
53,480
464,622
21,763
-54,516
275,277

1,856,813
456,523
62,499
579,253
23,760
-62,518
271,285

1,824,735
453,744
68,821
610,650
16,389
-91,471
270,587

161.9
21.5
17.5
3.4
30.1
37.5
5.7

75.6
14.6
14.9
7.3
25.9
108.9
8.2

80.7
16.5
15.6
17.7
18.2
130.8
10.8

70.8
18.7
9.7
19.3
17.4
108.9
7.4

93.3
18.9
6.0
18.2
16.5
103.5
9.1

81.5
17.2
6.8
19.4
16.4
94.4
7.1

73.8
18.1
6.4
23.2
15.3
80.5
5.6

83.5
20.8
6.8
24.6
13.9
71.4
5.3

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
External debt data prior to 2003 are revised from fiscal year to calendar year. Long-term public and publicly guaranteed bonds include Foreign Institutional
Investor debt (FII) as reported by the Reserve Bank of India.

97

INDONESIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

143,655
110,818
21,688
4,632
11,149

141,820
122,649
11,023
0
8,148

147,854
128,821
18,655
0
378

157,906
137,050
20,488
0
368

179,394
152,240
24,050
0
3,105

200,267
164,170
33,047
0
3,050

224,838
183,624
38,173
0
3,041

254,899
207,091
44,764
0
3,044

110,818
69,649
54,883
14,766
41,169

122,649
77,405
59,945
17,460
45,244

128,821
80,315
58,720
21,595
48,507

137,050
87,753
63,184
24,569
49,297

152,240
97,447
63,259
34,188
54,793

164,170
105,387
66,487
38,900
58,783

183,624
113,964
66,503
47,461
69,660

207,091
120,690
61,648
59,042
86,401

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

5,651
3,301
3,038
263
2,350

13,881
5,015
2,581
2,434
8,866

18,272
6,031
3,756
2,275
12,240

22,932
9,065
4,602
4,463
13,867

31,425
12,729
6,142
6,587
18,695

36,335
16,345
6,587
9,758
19,990

42,930
13,320
3,782
9,538
29,609

52,967
16,206
3,202
13,004
36,761

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

9,268
3,868
1,586
2,282
5,400

15,746
6,232
3,539
2,692
9,515

18,811
8,062
6,781
1,281
10,749

16,704
6,482
5,729
753
10,221

20,432
7,063
6,134
929
13,368

23,975
5,846
5,214
632
18,129

25,164
6,132
5,156
976
19,032

29,386
6,289
5,012
1,276
23,097

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

5,673
3,738
2,575
1,163
1,935

2,933
1,921
1,189
732
1,012

4,996
2,730
2,042
689
2,266

4,461
2,718
1,968
751
1,743

4,301
2,802
1,693
1,109
1,499

4,944
3,034
1,586
1,448
1,910

6,203
4,156
1,508
2,648
2,048

6,786
4,310
1,376
2,933
2,477

-1,967
2,575
-4,542
-5,069
-2,019
-3,050
527

-6,611
-2,103
-4,508
-906
-258
-649
-3,602

5,908
-3,024
8,932
2,485
994
1,491
6,447

8,061
-1,127
9,189
7,356
3,710
3,646
1,833

14,554
8
14,546
10,985
5,658
5,327
3,561

21,358
1,373
19,985
10,987
9,127
1,861
8,998

22,891
-1,374
24,265
19,139
8,562
10,577
5,126

30,171
-1,810
31,981
25,391
11,728
13,663
6,591

-4,550
-1,021

8,336
-165

6,928
3,559

9,318
322

4,877
787

13,771
2,132

19,241
-326

19,618
1,698

..
50.3

12.8
43.6

13.1
40.1

10.5
41.4

8.8
45.6

6.9
49.6

5.7
53.7

4.9
60.1

150,317
73,079
1,190
66,903
3,574
7,992
28,502

271,958
97,565
5,420
102,080
9,525
278
33,140

414,441
127,333
6,174
121,945
10,813
10,493
54,976

492,112
151,202
6,794
156,440
10,675
126
49,597

520,694
128,433
6,793
122,382
8,848
10,628
63,563

689,283
168,862
6,916
168,348
12,844
5,144
92,908

822,205
215,469
6,924
217,995
17,975
1,685
106,539

852,561
213,601
7,212
241,704
17,366
-24,074
108,837

196.6
95.6
22.8
15.1
13.9
19.8
5.1

145.4
52.1
20.8
7.8
13.1
23.4
3.9

116.1
35.7
18.8
12.6
12.6
37.2
5.4

104.4
32.1
14.1
13.0
12.6
31.4
3.8

139.7
34.5
19.4
13.4
11.7
35.4
6.2

118.6
29.1
17.4
16.5
11.3
46.4
6.6

104.3
27.3
14.7
17.0
10.2
47.4
5.9

119.3
29.9
17.1
17.6
9.1
42.7
5.4

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

98

IRAN, ISLAMIC REPUBLIC OF
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

8,024
4,709
3,008
0
308

21,543
10,506
10,686
0
352

21,438
11,145
9,891
0
401

15,722
8,758
6,599
0
365

18,247
7,295
8,787
0
2,165

20,030
6,156
11,613
0
2,261

15,499
4,814
8,475
0
2,209

11,477
4,003
5,337
0
2,136

Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

4,709
4,709
1,664
3,045
..

10,506
10,506
2,045
8,461
..

11,145
11,145
2,436
8,709
..

8,758
8,758
2,385
6,373
..

7,295
7,295
2,266
5,029
..

6,156
6,156
2,024
4,132
..

4,814
4,814
1,640
3,174
..

4,003
4,003
1,206
2,798
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1,469
1,469
477
993
..

2,740
2,740
673
2,068
..

1,140
1,140
338
803
..

787
787
289
498
..

400
400
223
177
..

252
252
105
147
..

216
216
31
185
..

18
18
15
3
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

2,345
2,345
1,785
561
..

1,734
1,734
329
1,405
..

2,007
2,007
302
1,705
..

2,131
2,131
328
1,802
..

2,046
2,046
379
1,667
..

1,575
1,575
321
1,255
..

1,389
1,389
420
970
..

383
383
117
267
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

391
391
190
202
..

418
418
103
316
..

570
570
114
456
..

498
498
89
410
..

274
274
73
201
..

139
139
53
86
..

110
110
46
64
..

34
34
15
19
..

-1,485
-1,308
-177
432
432
..
-609

1,440
344
1,096
663
663
..
433

-75
35
-111
-902
-902
..
791

-4,636
-40
-4,596
-1,304
-1,304
..
-3,292

542
-156
698
-1,490
-1,490
..
2,188

1,502
-216
1,718
-1,108
-1,108
..
2,826

-4,311
-389
-3,922
-784
-784
..
-3,138

-3,504
-102
-3,402
-264
-264
..
-3,138

39
..

3,136
..

2,005
..

1,909
..

3,048
..

3,648
..

4,150
..

4,870
..

..
68.3

52.3
34.9

58.7
30.8

56.5
33.2

56.0
33.6

55.4
34.2

51.8
38.2

54.2
42.5

101,335
30,131
536
18,107
..
12,481
..

188,503
50,757
1,032
50,115
..
..
..

283,000
83,968
1,115
63,866
..
..
..

335,654
107,760
1,115
75,808
..
..
..

328,593
112,334
1,072
89,859
..
..
..

..
98,191
1,181
88,815
..
..
..

..
123,593
1,330
96,224
..
..
..

..
155,666
..
96,707
..
..
..

26.6
7.9
9.7
37.5
6.3
..
..

42.4
11.4
5.5
49.6
1.8
..
..

25.5
7.6
3.5
46.1
3.3
..
..

14.6
4.7
2.6
42.0
4.8
..
..

16.2
5.6
2.2
48.2
4.7
..
..

20.4
..
1.9
58.0
4.2
..
..

12.5
..
1.3
54.7
4.9
..
..

7.4
..
0.3
46.5
6.2
..
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Fiscal year-end for external debt data is March. Short-term debt is World Bank staff estimates.

99

JAMAICA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

4,746
3,846
787
144
113

6,490
5,866
566
174
58

10,424
8,876
1,484
229
64

10,350
9,077
1,210
214
63

11,082
9,934
738
213
410

14,157
11,890
1,078
203
1,188

14,326
12,099
993
202
1,234

14,333
11,276
1,822
183
1,235

3,846
3,743
2,423
1,320
103

5,866
5,476
2,096
3,380
390

8,876
6,703
2,252
4,451
2,173

9,077
6,913
2,285
4,629
2,164

9,934
6,693
2,403
4,290
3,241

11,890
7,583
3,256
4,327
4,307

12,099
7,756
3,215
4,542
4,343

11,276
7,383
3,181
4,202
3,894

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

899
899
306
593
0

1,351
1,044
91
953
307

2,409
1,009
284
725
1,400

709
709
281
428
0

1,547
462
358
104
1,085

2,360
1,285
1,075
210
1,075

1,208
1,170
418
753
37

2,033
266
226
39
1,767

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

422
358
272
87
64

544
536
225
310
9

575
553
243
309
22

459
451
256
195
9

729
720
254
466
9

341
332
208
124
9

714
712
195
518
2

1,075
625
242
383
450

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

207
193
119
75
13

387
361
84
277
26

657
472
90
381
185

674
481
81
400
193

746
522
96
426
225

828
488
100
388
341

899
491
108
383
408

687
458
66
393
228

437
15
421
443
506
-64
-21

327
-135
462
941
642
298
-479

2,247
41
2,206
1,793
415
1,378
413

-10
25
-34
225
233
-9
-259

347
104
243
714
-362
1,076
-471

3,148
1,646
1,502
1,152
86
1,066
350

460
274
187
271
235
36
-84

1,806
-16
1,822
974
-343
1,317
848

468
..

638
..

812
..

1,377
..

485
..

186
..

173
..

229
-1

..
61.6

18.2
70.0

22.3
69.8

20.3
72.7

17.3
76.3

14.8
79.5

10.3
84.4

7.1
88.3

8,662
3,782
892
4,970
290
-367
1,054

10,407
4,322
1,762
6,972
454
-1,071
2,170

12,162
5,590
2,122
9,668
533
-2,038
1,879

13,119
6,027
2,157
10,970
376
-2,793
1,773

11,405
4,273
1,889
7,259
232
-1,128
2,076

12,709
4,248
2,026
7,192
127
-934
2,501

13,890
4,508
2,106
8,567
112
-2,063
2,282

14,406
4,704
2,145
8,657
..
-1,905
1,996

125.5
54.8
18.6
16.6
25.9
22.2
2.5

150.2
62.4
22.3
8.7
20.6
33.4
3.7

186.5
85.7
23.2
14.2
12.1
18.0
2.3

171.7
78.9
19.3
11.7
12.9
17.1
1.9

259.3
97.2
34.8
6.7
13.7
18.7
3.4

333.3
111.4
27.9
7.6
16.6
17.7
4.2

317.8
103.1
36.4
6.9
17.6
15.9
3.2

304.7
99.5
38.2
12.7
17.2
13.9
2.8

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)
Notes:
Short-term debt is based on data from the BIS.

100

JORDAN
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

11,063
6,183
4,396
102
484

12,904
6,901
5,742
0
260

14,991
7,433
7,444
0
114

13,969
5,319
8,596
0
54

14,427
5,643
8,518
0
266

16,721
7,025
9,439
1
257

17,350
7,111
9,983
1
257

18,632
7,395
10,595
1
642

6,183
6,183
5,243
940
..

6,901
6,878
6,483
395
24

7,433
7,321
6,951
371
112

5,319
5,126
4,815
311
193

5,643
5,445
5,137
308
198

7,025
6,502
5,452
1,050
522

7,111
6,317
5,291
1,026
794

7,395
6,302
5,308
994
1,093

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

176
176
176
0
..

434
434
269
165
0

272
190
190
0
82

330
230
224
6
100

787
762
756
6
25

1,538
1,388
626
762
150

475
325
325
0
150

1,010
711
711
0
299

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

308
308
238
70
..

366
341
323
19
25

435
409
394
16
25

2,430
2,412
2,341
71
19

425
405
396
9
20

513
487
463
25
26

599
574
548
26
25

615
585
557
28
30

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

239
239
162
77
..

161
160
157
4
1

231
227
212
15
4

207
200
185
15
7

155
147
134
12
8

162
147
124
22
15

191
171
130
41
20

190
165
126
39
25

3,371
-73
3,445
-70
-70
..
3,515

325
-131
456
121
146
-25
335

605
-280
885
41
-16
57
844

-1,007
-2,176
1,169
16
-65
82
1,152

268
344
-76
2
-3
5
-78

1,941
159
1,781
862
738
124
920

420
-223
643
99
-26
125
544

1,390
537
853
241
-28
269
612

913
-17

1,984
169

2,622
346

2,827
521

2,413
-30

1,651
-21

1,474
109

1,497
53

..
29.3

21.1
26.4

24.1
25.3

12.6
24.8

12.0
31.1

9.3
37.1

9.0
37.4

11.0
39.9

8,564
4,207
1,845
6,363
33
27
3,331

12,925
7,426
2,500
12,314
74
-2,272
5,250

17,794
10,684
3,434
16,421
160
-2,875
7,542

22,667
13,751
3,794
19,869
256
-2,054
8,562

24,327
12,022
3,597
17,044
313
-1,244
11,689

26,334
13,639
3,641
19,344
814
-1,882
13,057

28,660
13,942
3,453
22,276
713
-3,468
11,467

31,172
14,346
3,574
24,054
821
-5,694
8,090

263.0
129.2
20.1
39.7
15.4
30.1
6.3

173.8
99.8
11.9
44.5
14.8
40.7
5.1

140.3
84.2
10.6
49.7
13.2
50.3
5.5

101.6
61.6
20.9
61.5
14.0
61.3
5.2

120.0
59.3
6.0
59.0
16.4
81.0
8.2

122.6
63.5
5.8
56.4
15.1
78.1
8.1

124.4
60.5
6.8
57.5
13.8
66.1
6.2

129.9
59.8
6.9
56.9
13.7
43.4
4.0

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt data are revised from 2001 based on reports provided by the country. Historical short-term debt until 1999 is based on
data from the BIS.

101

KAZAKHSTAN
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

12,890
11,481
961
0
448

43,857
35,263
8,102
0
491

96,232
84,159
11,530
0
543

106,731
96,715
9,487
0
529

109,734
102,210
6,985
0
539

119,145
109,751
8,864
0
529

124,317
115,033
8,756
0
528

137,014
127,141
9,345
0
528

11,481
3,623
2,239
1,384
7,859

35,263
2,177
1,780
396
33,087

84,159
1,698
1,684
13
82,462

96,715
1,915
1,912
3
94,800

102,210
2,487
2,486
1
99,724

109,751
3,845
3,845
0
105,905

115,033
4,675
4,675
0
110,358

127,141
7,375
5,065
2,310
119,766

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

3,063
623
168
455
2,440

17,207
197
197
0
17,010

44,651
160
160
0
44,491

40,803
145
145
0
40,658

30,471
717
717
0
29,754

45,054
1,522
1,522
0
43,532

32,740
920
920
0
31,821

32,654
3,050
740
2,310
29,604

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

2,155
216
133
83
1,939

11,417
1,090
1,018
72
10,327

23,571
640
279
361
22,931

29,011
131
120
11
28,881

20,032
131
130
2
19,901

34,639
278
278
1
34,360

26,226
134
134
0
26,092

20,862
254
254
0
20,607

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

713
235
124
112
478

1,521
146
102
44
1,376

3,531
96
74
22
3,435

4,105
67
66
1
4,039

5,365
58
58
0
5,307

4,517
54
54
0
4,463

5,921
61
61
0
5,860

2,033
75
75
0
1,957

1,061
-407
1,469
873
373
501
595

9,950
-820
10,770
6,610
-72
6,683
4,160

20,165
-119
20,283
21,199
-361
21,559
-916

9,749
26
9,723
11,766
-11
11,777
-2,043

7,937
587
7,350
9,851
-2
9,853
-2,502

12,295
1,244
11,050
9,171
-1
9,172
1,879

6,406
786
5,620
5,729
..
5,729
-109

12,381
486
11,895
11,306
2,310
8,996
589

1,283
19

2,546
150

11,973
828

16,819
-1,280

14,276
38

7,456
134

14,287
17

15,117
-418

..
61.2

1.9
53.9

2.6
46.8

1.9
42.1

1.4
55.9

0.8
73.1

0.6
77.8

0.4
87.9

17,038
10,480
122
10,362
1,046
366
1,594

51,757
31,209
62
31,852
4,633
-1,056
6,084

91,893
55,379
143
61,541
11,305
-8,322
15,777

114,115
79,637
126
72,327
16,956
6,326
17,871

102,688
50,660
198
54,051
10,415
-4,114
20,720

128,701
67,530
226
65,655
17,316
1,393
25,223

160,413
93,943
180
81,407
24,892
12,281
25,179

173,489
98,899
171
90,178
24,589
7,716
22,132

123.0
75.7
32.4
7.5
11.5
12.4
1.8

140.5
84.7
42.2
18.5
2.0
13.9
2.3

173.8
104.7
49.0
12.0
0.7
16.4
3.1

134.0
93.5
41.9
8.9
0.7
16.7
3.0

216.6
106.9
50.7
6.4
1.2
18.9
4.6

176.4
92.6
58.5
7.4
2.3
21.2
4.6

132.3
77.5
34.5
7.0
2.9
20.3
3.7

138.5
79.0
23.5
6.8
3.0
16.2
2.9

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

102

KENYA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

6,189
5,216
798
47
175

6,483
5,772
499
21
212

7,523
6,231
964
57
327

7,607
6,388
910
66
309

8,589
6,720
1,012
73
858

8,801
6,979
1,005
80
817

10,287
7,566
1,622
100
1,100

11,569
8,834
1,442
93
1,293

5,216
5,041
4,559
482
175

5,772
5,772
5,409
363
0

6,231
6,231
5,892
339
0

6,388
6,388
6,070
319
0

6,720
6,720
6,369
352
0

6,979
6,979
6,668
311
0

7,566
7,566
7,246
320
0

8,834
8,834
7,896
938
0

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

333
333
248
85
0

168
168
140
28
0

341
341
341
0
0

350
350
343
7
0

538
538
510
27
0

530
530
518
12
0

865
865
841
23
0

1,680
1,680
1,003
677
0

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

407
362
241
121
45

439
429
356
74
10

336
336
325
11
0

288
288
273
15
0

258
258
255
3
0

259
259
255
4
0

289
289
282
7
0

337
337
328
10
0

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

100
81
55
27
19

72
72
66
6
0

78
78
76
2
0

91
91
90
1
0

85
85
84
1
0

90
90
90
1
0

93
93
92
1
0

171
171
144
26
0

-31
9
-40
-81
-36
-45
41

-459
-149
-310
-56
-46
-10
-254

449
121
328
-11
-11
..
339

-12
60
-71
-8
-8
..
-63

566
446
119
24
24
..
95

232
238
-6
8
8
..
-14

1,466
853
614
17
17
..
597

1,361
866
495
668
668
..
-173

111
-6

21
3

729
0

96
5

116
3

178
22

335
20

259
26

..
49.8

19.2
49.3

19.8
48.2

17.0
46.7

18.1
45.3

16.2
43.6

16.4
41.8

15.9
44.7

12,576
2,821
538
3,941
29
-199
898

18,732
5,416
425
6,921
35
-252
1,799

27,093
7,223
645
10,364
124
-1,032
3,355

30,419
8,467
667
12,781
52
-1,983
2,879

30,542
7,567
631
11,514
60
-1,689
3,849

32,040
9,127
686
13,823
60
-2,369
4,320

33,628
10,130
934
16,631
105
-3,830
4,264

37,248
11,205
1,214
18,270
111
-4,253
5,711

219.4
49.2
21.0
12.9
45.8
14.5
2.7

119.7
34.6
10.0
7.7
52.8
27.7
3.1

104.1
27.8
6.3
12.8
47.9
44.6
3.9

89.8
25.0
4.9
12.0
49.0
37.8
2.7

113.5
28.1
5.1
11.8
45.9
44.8
4.0

96.4
27.5
4.4
11.4
46.7
49.1
3.8

101.6
30.6
4.3
15.8
42.8
41.5
3.1

103.2
31.1
5.1
12.5
42.6
49.4
3.8

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)
Notes:
Short-term debt is based on data from the BIS.

103

KOSOVO
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

..
..
..
..
..

..
..
..
..
..

..
..
..
..
..

710
430
194
0
85

1,726
818
821
0
87

1,456
886
455
0
114

1,700
1,130
456
0
114

2,002
1,116
652
0
234

Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

..
..
..
..
..

..
..
..
..
..

..
..
..
..
..

430
0
0
0
430

818
359
359
0
459

886
319
319
0
567

1,130
299
299
0
830

1,116
295
295
0
822

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

..
..
..
..
..

..
..
..
..
..

..
..
..
..
..

161
0
0
0
161

90
0
0
0
90

169
0
0
0
169

158
7
7
0
152

93
5
5
0
89

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

..
..
..
..
..

..
..
..
..
..

..
..
..
..
..

37
0
0
0
37

269
208
208
0
61

76
14
14
0
61

85
17
17
0
68

96
15
15
0
82

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

..
..
..
..
..

..
..
..
..
..

..
..
..
..
..

15
0
0
0
15

44
23
23
0
22

34
11
11
0
23

38
12
12
0
26

33
11
11
0
22

..
..
..
..
..
..
..
..
..
..
..

..
..
..
..
..
..
..
..
..
..
..

..
..
..
..
..
..
..
..
..
..
..

177
0
177
124
0
124
54

448
-208
656
29
0
29
627

-244
14
-258
108
0
108
-366

75
-10
85
84
0
84
1

312
109
203
7
0
7
196

537
..

408
..

487
..

546
..

293
1

..
..

..
..

..
..

..
..

..
100.0

..
100.0

..
100.0

1.6
98.4

..
..
..
..
..
..
..

..
625
701
1,803
28
-308
..

4,961
991
919
2,528
59
-485
952

5,873
1,138
1,042
3,222
88
-921
892

5,565
1,170
1,055
3,101
102
-547
830

5,712
1,333
997
3,377
130
-768
846

6,620
1,670
1,122
4,018
148
-1,028
742

6,392
1,477
1,059
3,495
64
-484
1,108

..
..
..
..
..
..
..

12.7
..
0.4
..
..
..
..

54.0
10.8
0.3
26.3
..
178.0
4.5

62.4
12.1
4.6
27.4
..
125.7
3.3

147.5
31.0
26.8
47.6
20.8
48.1
3.2

109.2
25.5
8.3
31.3
21.9
58.2
3.0

101.8
25.7
7.4
26.8
17.6
43.6
2.2

135.6
31.3
8.8
32.6
14.7
55.3
3.8

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)
Notes:
Kosovo became independent in 2008.

104

KYRGYZ REPUBLIC
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

1,938
1,510
129
10
298

2,257
1,825
132
3
299

2,881
2,278
319
7
284

3,628
2,942
391
6
295

4,119
3,395
424
2
300

4,114
3,612
195
12
307

5,486
4,986
188
3
312

6,026
5,492
214
4
321

1,510
1,220
1,184
37
290

1,825
1,665
1,665
0
161

2,278
1,898
1,898
0
380

2,942
1,963
1,963
0
980

3,395
2,320
2,320
0
1,076

3,612
2,442
2,442
0
1,171

4,986
2,618
2,618
0
2,368

5,492
2,840
2,840
0
2,652

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

161
153
149
4
8

132
76
76
0
56

278
66
66
0
212

878
51
51
0
827

635
378
378
0
257

668
147
147
0
521

746
211
211
0
535

853
344
344
0
510

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

86
17
13
4
69

73
16
16
0
57

127
25
25
0
102

261
35
35
0
225

200
38
38
0
162

462
38
38
0
424

314
44
44
0
270

266
41
41
0
226

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

69
23
20
2
47

21
12
12
0
9

23
16
16
0
7

42
17
17
0
24

37
19
19
0
18

69
23
23
0
46

70
40
40
0
29

58
32
32
0
25

152
143
9
-60
0
-60
69

-150
47
-196
-1
..
-1
-195

241
20
221
110
..
110
111

709
35
674
601
..
601
73

472
339
132
96
..
96
37

-20
121
-141
97
..
97
-238

439
173
266
265
..
265
1

620
311
309
284
..
284
25

-2
..

43
0

208
1

377
6

189
1

438
-18

694
5

372
0

..
67.9

2.8
69.5

4.3
68.0

4.0
65.3

3.5
69.2

3.1
68.9

2.8
68.9

2.8
71.5

1,288
590
9
753
37
-76
239

2,372
963
313
1,501
36
-37
570

3,751
2,065
704
3,311
39
-228
1,107

4,959
2,812
1,223
4,996
178
-708
1,153

4,500
2,578
982
3,879
118
-94
1,494

4,450
2,536
1,266
4,240
248
-312
1,604

5,668
3,442
1,709
5,765
611
-484
1,703

6,083
3,180
2,031
6,672
86
-1,431
1,903

328.5
150.5
30.2
6.7
37.3
12.3
3.8

234.4
95.1
14.8
5.9
48.7
25.2
4.6

139.5
76.8
9.4
11.1
44.4
38.4
4.0

129.0
73.2
11.9
10.8
35.6
31.8
2.8

159.8
91.5
10.4
10.3
31.8
36.3
4.6

162.2
92.5
22.0
4.7
31.5
39.0
4.5

159.4
96.8
11.9
3.4
24.5
31.0
3.5

189.5
99.1
10.9
3.5
23.0
31.6
3.4

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt data are World Bank staff estimates based on reports provided by the country. Short-term debt is based on data from the
National Statistical Committee of Kyrgyz Republic.

105

LAO PEOPLE'S DEMOCRATIC REPUBLIC
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

2,520
2,459
6
0
55

2,912
2,815
55
0
43

4,606
4,362
203
0
41

5,189
4,987
166
0
35

5,737
5,442
199
0
95

5,655
5,549
18
0
88

6,158
6,014
62
0
83

6,372
6,245
47
0
79

2,459
2,459
2,459
0
..

2,815
1,989
1,989
0
825

4,362
2,515
2,515
0
1,847

4,987
2,720
2,720
0
2,267

5,442
2,818
2,818
0
2,625

5,549
2,939
2,939
0
2,610

6,014
2,889
2,889
0
3,125

6,245
2,745
2,745
0
3,500

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

77
77
77
0
..

472
150
150
0
321

1,058
201
201
0
857

756
174
174
0
581

599
152
152
0
447

233
89
89
0
144

638
23
23
0
615

462
12
12
0
450

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

23
23
23
0
..

79
39
39
0
40

132
33
33
0
100

143
43
43
0
100

146
57
57
0
89

221
62
62
0
159

199
99
99
0
100

179
104
104
0
75

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

9
9
9
0
..

47
14
14
0
32

54
18
18
0
37

60
23
23
0
37

69
25
25
0
43

79
29
29
0
50

77
27
27
0
50

56
26
26
0
30

53
47
6
0
0
..
6

441
105
336
281
0
281
55

1,023
166
857
757
0
757
100

571
127
445
482
0
482
-37

480
90
391
358
0
358
33

-175
21
-195
-14
0
-14
-181

477
-81
559
515
0
515
44

265
-95
360
375
0
375
-15

34
..

28
..

324
..

228
..

319
..

279
54

301
11

294
6

..
18.4

..
66.0

..
69.9

..
70.5

..
71.5

..
71.8

..
71.2

..
71.7

1,660
513
1
638
..
-8
139

2,670
762
1
1,003
25
-174
234

4,075
1,244
6
1,202
48
139
533

5,188
1,526
18
1,589
26
78
629

5,668
1,492
38
1,685
43
-61
609

6,713
2,308
42
2,457
44
29
703

7,741
2,452
110
2,881
16
-206
741

8,676
2,917
59
3,584
52
-415
..

490.9
151.7
8.0
0.3
41.3
5.5
2.6

382.0
109.1
17.4
1.9
52.4
8.0
2.8

370.1
113.0
15.3
4.4
40.1
11.6
5.3

340.1
100.0
13.6
3.2
37.9
12.1
4.7

384.6
101.2
14.8
3.5
34.4
10.6
4.3

245.0
84.2
13.2
0.3
35.1
12.4
3.4

251.2
79.6
11.5
1.0
31.8
12.0
3.1

218.4
73.4
8.2
0.7
29.0
..
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term public and publicly guaranteed debt data are World Bank staff estimates based on reports provided by the country. Long-term private nonguaranteed
debt data are World Bank staff estimates. Short-term debt is based on data from the BIS.

106

LEBANON
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

10,250
7,704
2,541
0
6

23,334
19,877
3,450
0
6

25,642
21,437
4,118
0
87

24,328
21,066
3,138
0
124

24,803
21,285
3,096
0
422

24,591
20,713
3,482
0
395

24,767
21,101
3,311
0
355

28,950
24,690
3,943
0
317

Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

7,704
6,968
1,290
5,677
736

19,877
18,866
2,172
16,694
1,011

21,437
20,907
2,437
18,470
530

21,066
20,596
2,432
18,165
470

21,285
20,615
2,356
18,259
670

20,713
20,213
2,226
17,987
500

21,101
20,601
2,088
18,513
500

24,690
23,990
1,999
21,991
700

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

2,445
2,330
238
2,092
115

3,179
2,649
106
2,543
530

3,374
3,374
287
3,087
0

2,709
2,709
421
2,288
0

3,332
3,132
223
2,909
200

2,143
2,143
199
1,943
0

4,174
4,174
206
3,968
0

6,220
5,720
229
5,491
500

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

884
834
74
760
50

2,172
1,907
143
1,764
265

3,078
2,803
362
2,441
275

2,905
2,845
375
2,470
60

3,096
3,096
334
2,762
0

2,632
2,462
298
2,164
170

3,743
3,743
328
3,415
0

2,642
2,342
318
2,024
300

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

475
418
57
361
57

1,287
1,197
92
1,106
90

1,430
1,373
101
1,271
57

1,442
1,402
105
1,297
40

1,475
1,431
88
1,344
43

1,454
1,403
100
1,303
51

1,491
1,453
82
1,372
38

1,484
1,446
75
1,371
38

1,900
164
1,735
1,397
1,332
65
339

486
-37
524
1,045
780
265
-521

291
3
288
370
645
-275
-82

-1,136
87
-1,222
-242
-182
-60
-980

195
-111
305
347
147
200
-42

-122
-117
-5
-391
-221
-170
386

220
-161
382
553
553
0
-171

4,172
-128
4,300
3,668
3,468
200
632

..
..

2,624
1,436

3,376
791

4,333
466

4,804
929

4,280
154

3,490
-145

3,678
-239

..
67.9

9.0
85.7

9.8
85.8

9.7
86.3

9.1
86.9

8.3
87.9

7.6
88.7

5.7
91.2

17,581
..
..
..
..
..
5,944

21,674
14,958
4,924
18,768
95
-2,748
11,887

25,797
19,445
5,769
23,819
64
-1,605
12,910

30,517
24,813
7,181
31,276
121
-4,103
20,244

34,423
23,137
7,558
31,705
95
-6,741
29,103

36,615
22,177
6,914
32,179
209
-7,552
31,514

39,916
26,687
6,913
34,071
184
-4,859
33,741

42,322
29,639
6,918
33,969
213
-1,663
37,186

..
58.3
..
24.8
8.7
58.0
..

156.0
107.7
24.3
14.8
5.1
50.9
7.6

131.9
99.4
24.4
16.1
5.6
50.3
6.5

98.0
79.7
17.8
12.9
5.5
83.2
7.8

107.2
72.1
19.9
12.5
5.4
117.3
11.0

110.9
67.2
18.7
14.2
5.4
128.2
11.8

92.8
62.0
20.0
13.4
5.0
136.2
11.9

97.7
68.4
14.2
13.6
3.9
128.4
13.1

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt only cover Bonds. Short-term debt is based on data from the BIS.

107

LESOTHO
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

676.7
656.7
4.0
0.0
16.0

667.3
618.9
8.0
0.0
40.4

683.5
642.2
0.0
0.0
41.3

694.6
659.2
0.0
0.0
35.4

756.3
680.6
0.0
0.0
75.7

776.7
697.9
0.0
0.0
78.8

794.8
714.5
0.0
0.0
80.3

860.2
745.0
0.0
0.0
115.2

656.7
656.7
580.9
75.8
..

618.9
618.9
590.6
28.4
..

642.2
642.2
624.6
17.5
..

659.2
659.2
646.6
12.5
..

680.6
680.6
667.1
13.6
..

697.9
697.9
684.3
13.6
..

714.5
714.5
702.8
11.7
..

745.0
745.0
733.8
11.2
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

69.4
69.4
67.4
2.0
..

21.1
21.1
21.1
0.0
..

38.3
38.3
38.3
0.0
..

45.8
45.8
45.8
0.0
..

37.4
37.4
37.4
0.0
..

40.8
40.8
40.8
0.0
..

42.7
42.7
42.7
0.0
..

57.6
57.6
57.6
0.0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

33.2
33.2
26.4
6.8
..

65.3
65.3
32.0
33.3
..

31.1
31.1
25.8
5.3
..

24.5
24.5
21.3
3.2
..

24.6
24.6
23.9
0.7
..

19.4
19.4
19.1
0.3
..

23.3
23.3
23.0
0.3
..

24.3
24.3
24.0
0.3
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

22.9
22.9
16.0
7.0
..

13.7
13.7
7.7
6.0
..

64.3
64.3
63.3
1.1
..

7.8
7.8
6.7
1.1
..

7.4
7.4
6.9
0.5
..

7.5
7.5
6.4
1.0
..

8.8
8.8
7.8
1.0
..

9.2
9.2
8.3
0.9
..

31.0
35.9
-4.9
-4.9
-4.9
..
..

-43.2
-10.9
-32.3
-33.3
-33.3
..
1.0

4.5
9.8
-5.3
-5.3
-5.3
..
..

16.3
19.5
-3.2
-3.2
-3.2
..
..

6.8
7.5
-0.7
-0.7
-0.7
..
..

25.8
26.1
-0.3
-0.3
-0.3
..
..

21.1
21.4
-0.3
-0.3
-0.3
..
..

67.8
68.1
-0.3
-0.3
-0.3
..
..

32.4
..

70.3
0.0

104.3
..

194.0
..

177.5
..

177.7
..

200.3
..

197.8
..

..
26.9

9.8
39.3

9.2
43.2

7.5
43.8

6.8
43.6

5.5
45.3

7.3
43.7

9.2
41.8

1,014.4
824.4
478.1
1,132.8
68.3
-71.5
417.9

1,869.6
1,391.2
599.4
1,891.8
196.2
-26.6
519.1

2,020.5
1,667.8
638.2
2,251.7
305.6
111.5
1,002.8

2,030.2
1,680.9
575.9
2,034.9
91.4
338.9
971.5

2,116.2
1,473.7
547.9
2,138.5
116.6
59.7
1,179.8

2,622.2
1,669.3
610.1
2,740.8
317.8
-404.8
1,071.0

2,856.6
1,952.7
649.3
3,027.8
386.4
-460.5
919.1

2,751.7
1,658.4
554.0
3,111.0
406.8
-587.4
1,027.9

82.1
66.7
7.5
0.6
70.3
61.8
4.4

48.0
35.7
5.7
1.2
77.7
77.8
3.3

41.0
33.8
5.9
..
86.0
146.7
5.3

41.3
34.2
2.2
..
86.4
139.9
5.7

51.3
35.7
2.6
0.0
80.2
156.0
6.6

46.5
29.6
2.1
..
80.2
137.9
4.7

40.7
27.8
2.0
..
80.3
115.6
3.6

51.9
31.3
2.3
..
75.8
119.5
4.0

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Large interest payment was made during 2007 to a creditor country to settle a long standing claim. Short-term debt is based on data from the BIS.

108

LIBERIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

2,836.3
1,104.0
1,412.6
1,412.6
319.7

3,950.6
1,179.1
2,421.8
2,421.8
349.7

3,778.0
1,033.5
2,359.4
2,359.4
385.1

3,160.8
865.0
1,405.5
1,405.5
890.3

1,850.3
673.1
91.6
91.6
1,085.5

418.9
183.1
0.4
0.4
235.3

448.4
188.0
12.2
12.2
248.2

487.0
208.3
12.0
12.0
266.7

1,104.0
1,104.0
907.3
196.8
0.0

1,179.1
1,179.1
981.3
197.7
0.0

1,033.5
1,033.5
831.0
202.5
0.0

865.0
865.0
669.8
195.2
0.0

673.1
673.1
652.6
20.5
0.0

183.1
183.1
183.1
0.0
0.0

188.0
188.0
188.0
0.0
0.0

208.3
208.3
208.3
0.0
0.0

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

0.0
0.0
0.0
0.0
0.0

0.0
0.0
0.0
0.0
0.0

0.0
0.0
0.0
0.0
0.0

0.0
0.0
0.0
0.0
0.0

0.0
0.0
0.0
0.0
0.0

0.0
0.0
0.0
0.0
0.0

20.3
20.3
20.3
0.0
0.0

23.1
23.1
23.1
0.0
0.0

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

0.0
0.0
0.0
0.0
0.0

0.0
0.0
0.0
0.0
0.0

260.7
260.7
260.7
0.0
0.0

37.5
37.5
37.5
0.0
0.0

36.3
36.3
4.3
32.0
0.0

3.7
3.7
3.7
0.0
0.0

2.6
2.6
2.6
0.0
0.0

3.7
3.7
3.7
0.0
0.0

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

0.0
0.0
0.0
0.0
0.0

0.0
0.0
0.0
0.0
0.0

380.5
380.5
380.5
0.0
0.0

69.0
69.0
69.0
0.0
0.0

16.8
16.8
11.8
5.0
0.0

0.6
0.6
0.6
0.0
0.0

0.4
0.4
0.4
0.0
0.0

1.1
1.1
1.1
0.0
0.0

-0.6
-0.6
0.0
0.0
0.0
..
..

-0.1
-0.1
0.0
0.0
0.0
..
..

-261.4
-261.4
0.0
0.0
0.0
..
..

491.1
491.1
0.0
0.0
0.0
..
..

-18.6
13.3
-32.0
-32.0
-32.0
..
..

9.8
9.8
0.0
0.0
0.0
..
..

31.8
31.8
0.0
0.0
0.0
..
..

37.5
37.5
0.0
0.0
0.0
..
..

20.8
..

82.8
..

131.6
..

283.5
..

127.8
..

452.3
..

1,312.7
..

1,354.1
..

..
56.8

11.6
53.7

16.5
64.8

2.4
82.7

2.6
88.9

..
95.2

..
96.1

..
96.5

514.1
..
..
..
..
..
0.3

394.4
354.7
31.9
1,317.7
7.1
-183.5
25.4

584.8
562.2
62.0
1,924.2
14.7
-223.2
119.4

690.4
781.0
58.1
2,310.7
22.5
-354.3
160.9

1,010.5
472.2
25.1
1,850.0
5.8
-277.2
372.5

1,113.3
430.4
31.4
1,804.7
0.1
-415.2
465.9

1,428.2
1,351.8
360.0
3,325.3
11.7
-755.7
512.8

1,614.9
..
..
..
..
-1,765.8
497.2

..
551.7
..
49.8
13.9
0.0
..

1113.7
1001.7
0.5
61.3
11.1
0.6
0.2

672.0
646.0
114.4
62.5
5.1
3.2
0.7

404.7
457.8
119.7
44.5
5.0
5.1
0.8

391.9
183.1
13.6
5.0
8.4
20.1
2.4

97.3
37.6
1.4
0.1
15.1
111.2
3.1

33.2
31.4
0.2
2.7
13.3
114.4
1.9

..
30.2
..
2.5
16.6
102.1
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Historical long-term public and publicly guaranteed debt data before 2011 are revised based on reports provided by the country. Data include the effects of Paris
Club rescheduling agreement signed in 2008 and 2010, and HIPC and MDRI debt relief.

109

MACEDONIA, FYR
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

1,480
1,333
55
4
92

2,981
2,108
800
9
74

4,174
2,564
1,597
28
13

4,457
3,013
1,432
29
13

5,247
3,731
1,413
30
103

5,344
3,840
1,403
64
101

6,304
4,132
1,769
80
403

6,678
4,391
1,884
109
404

1,333
1,206
921
284
127

2,108
1,637
1,202
435
471

2,564
1,520
1,239
281
1,044

3,013
1,574
1,277
297
1,438

3,731
1,874
1,321
552
1,858

3,840
1,880
1,369
512
1,959

4,132
2,110
1,392
717
2,022

4,391
2,270
1,453
817
2,121

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

151
98
96
1
54

318
293
104
189
25

538
142
138
3
396

789
174
137
37
615

1,012
347
103
244
665

596
197
190
7
399

968
414
155
259
555

637
303
176
127
334

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

74
25
23
2
49

171
81
67
14
90

485
294
286
8
191

293
78
74
5
215

375
88
81
7
287

443
98
90
9
344

739
126
103
23
614

479
168
124
44
310

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

37
30
20
10
7

54
41
32
9
13

88
51
38
12
38

104
54
41
14
50

93
47
33
15
46

128
56
22
35
71

129
60
24
36
70

125
64
23
41
60

59
58
2
5
0
5
-3

117
42
75
109
174
-65
-34

713
-204
917
200
-5
205
717

329
64
265
432
32
400
-167

617
22
595
615
237
378
-20

109
101
9
53
-2
55
-44

890
362
528
177
236
-59
350

244
51
193
108
83
24
85

215
..

145
54

733
170

612
-49

260
-14

301
-4

495
-8

283
-6

..
71.8

40.8
56.6

63.0
34.3

64.0
31.8

69.6
25.8

69.8
23.9

73.9
20.3

77.3
17.9

3,517
1,679
81
2,391
31
-103
429

5,877
2,196
227
3,408
142
-159
1,229

7,770
3,831
345
5,820
470
-606
2,082

9,714
4,540
407
7,234
253
-1,236
1,920

9,231
3,186
381
5,397
138
-610
2,051

9,215
3,825
388
5,828
232
-198
1,970

10,266
5,031
434
7,367
276
-261
2,331

9,545
4,544
394
6,939
268
-300
2,528

88.1
42.1
8.3
3.7
38.5
29.0
2.2

135.8
50.7
12.5
26.8
30.7
41.2
4.3

108.9
53.7
18.4
38.3
24.9
49.9
4.3

98.2
45.9
10.2
32.1
23.5
43.1
3.2

164.7
56.8
16.7
26.9
20.6
39.1
4.6

139.7
58.0
16.5
26.3
21.1
36.9
4.1

125.3
61.4
18.9
28.1
18.4
37.0
3.8

147.0
70.0
15.1
28.2
18.3
37.9
4.4

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

110

MADAGASCAR
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

4,716
4,286
301
203
129

3,521
3,182
99
72
240

2,283
1,411
799
189
73

2,480
1,738
613
188
129

2,788
1,855
649
189
284

2,699
1,997
425
188
278

2,769
2,066
430
188
273

2,896
2,166
463
192
267

4,286
4,286
4,247
39
..

3,182
3,182
3,173
9
..

1,411
1,411
1,404
6
..

1,738
1,717
1,710
7
21

1,855
1,836
1,829
7
19

1,997
1,982
1,975
7
15

2,066
2,053
2,046
7
12

2,166
2,157
2,146
10
10

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

150
150
150
0
..

249
249
249
0
..

261
261
261
0
..

345
342
342
0
3

126
124
124
0
2

198
198
197
0
0

90
90
90
0
0

138
138
135
3
0

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

74
74
73
0
..

38
38
37
1
..

9
9
8
1
..

20
20
20
0
1

34
32
32
0
1

37
36
36
0
1

18
18
18
0
1

37
35
35
0
2

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

28
28
28
0
..

28
28
28
0
..

10
10
10
0
..

11
11
11
0
0

15
15
15
0
0

16
16
16
0
0

16
16
16
0
0

17
17
17
0
0

45
122
-77
0
0
..
-76

244
218
26
-1
-1
..
27

839
264
575
-1
-1
..
575

198
381
-183
3
0
3
-186

127
92
35
0
0
0
35

-65
160
-225
-1
..
-1
-224

74
69
5
-1
0
-1
6

123
94
29
1
3
-2
29

83
..

85
..

773
..

1,169
..

1,066
..

808
..

810
..

895
..

..
56.8

2.3
71.9

3.0
57.2

2.3
53.8

2.4
52.5

2.5
53.1

2.1
53.1

1.2
54.8

3,807
1,210
11
1,584
4
-260
285

4,960
954
11
1,743
38
-554
481

7,287
2,342
..
3,606
..
-898
847

9,344
2,614
..
4,805
..
-1,726
982

8,498
1,982
..
4,134
..
-1,840
1,135

8,750
1,653
..
2,744
..
-1,210
1,172

9,724
1,965
..
3,003
..
-979
1,279

9,686
..
..
..
..
..
1,191

389.7
123.9
9.7
6.4
38.7
6.0
2.2

369.2
71.0
8.3
2.8
80.6
13.7
3.3

97.5
31.3
1.5
35.0
47.9
37.1
2.8

94.9
26.5
1.7
24.7
55.6
39.6
2.5

140.7
32.8
2.8
23.3
51.9
40.7
3.3

163.3
30.8
3.7
15.7
57.0
43.4
5.1

140.9
28.5
2.1
15.5
58.0
46.2
5.1

..
29.9
..
16.0
58.1
41.1
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Data include the effects of HIPC and MDRI debt relief.

111

MALAWI
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

2,719
2,544
78
37
97

3,196
3,062
43
34
91

869
759
61
0
48

996
769
85
0
142

1,144
846
67
0
231

1,039
729
61
0
248

1,203
927
30
0
247

1,314
1,023
8
0
283

2,544
2,544
2,526
18
..

3,062
3,062
3,043
18
..

759
759
752
7
..

769
769
763
6
..

846
846
841
6
..

729
729
724
5
..

927
927
921
5
..

1,023
1,023
1,017
5
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

119
119
119
0
..

89
89
89
0
..

69
69
69
0
..

66
66
66
0
..

107
107
107
0
..

81
81
81
0
..

208
208
208
0
..

109
109
109
0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

33
33
33
0
..

38
38
35
3
..

20
20
19
1
..

17
17
17
0
..

22
22
22
0
..

13
13
13
0
..

14
14
14
0
..

15
15
15
0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

18
18
18
0
..

22
22
22
0
..

11
11
11
0
..

15
15
15
0
..

15
15
15
0
..

7
7
7
0
..

7
7
7
0
..

9
9
9
0
..

83
85
-2
0
0
..
-2

42
47
-5
-3
-3
..
-2

51
60
-9
-1
-1
..
-8

170
146
24
0
0
..
24

67
85
-18
0
0
..
-18

83
89
-6
0
0
..
-6

162
193
-31
0
0
..
-31

108
130
-22
0
0
..
-22

26
..

140
-4

124
-2

195
-1

49
0

97
1

129
1

129
1

..
65.9

3.3
65.8

5.0
57.1

3.5
54.2

3.1
53.1

3.6
41.8

3.8
40.7

4.0
40.3

1,707
471
1
680
15
-73
243

2,713
609
23
1,390
52
-507
159

3,626
879
21
1,619
67
-418
217

4,254
1,026
17
2,127
139
-664
243

4,959
1,348
17
2,298
103
-482
149

5,272
1,224
22
2,650
173
-786
307

5,493
1,632
25
2,917
92
-766
197

4,139
1,397
28
2,646
93
-800
223

577.7
159.3
13.5
2.9
75.2
8.9
4.3

524.5
117.8
12.5
1.4
80.1
5.0
1.4

98.9
24.0
3.8
7.0
50.3
24.9
1.6

97.0
23.4
3.1
8.5
48.8
24.4
1.4

84.9
23.1
2.9
5.9
47.8
13.1
0.8

84.9
19.7
1.7
5.9
56.4
29.6
1.4

73.7
21.9
1.4
2.5
52.6
16.4
0.8

94.0
31.7
2.0
0.6
53.7
17.0
1.0

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is based on data from the BIS. Data include the effects of Paris Club rescheduling agreement signed in 2006 and HIPC and MDRI debt relief.

112

MALAYSIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

41,946
37,192
4,573
0
181

52,054
38,679
13,176
0
199

63,091
39,771
23,100
0
220

67,674
44,660
22,800
0
214

69,784
43,979
23,695
0
2,110

85,126
47,977
35,076
0
2,073

94,468
48,697
43,704
0
2,067

103,950
54,894
46,987
0
2,069

37,192
19,125
4,950
14,175
18,067

38,679
22,324
6,542
15,782
16,356

39,771
19,745
4,374
15,372
20,026

44,660
22,742
5,164
17,578
21,918

43,979
22,647
4,092
18,555
21,332

47,977
27,351
3,750
23,601
20,626

48,697
27,156
3,263
23,893
21,541

54,894
27,119
2,468
24,651
27,775

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

5,921
3,460
1,446
2,015
2,461

6,050
2,182
981
1,201
3,868

5,852
1,373
206
1,166
4,479

5,180
1,942
98
1,844
3,238

8,339
5,319
47
5,271
3,020

14,720
6,014
18
5,996
8,706

12,856
3,311
10
3,301
9,545

14,814
3,439
2
3,436
11,375

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

4,146
2,017
840
1,176
2,129

7,192
4,752
1,218
3,534
2,440

7,819
3,646
1,691
1,956
4,172

6,258
1,503
820
683
4,755

9,793
5,351
1,053
4,298
4,442

11,349
1,863
688
1,176
9,486

8,981
3,608
625
2,983
5,373

7,357
3,304
604
2,701
4,053

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

2,021
1,159
259
900
862

1,858
1,208
314
894
650

2,035
1,192
202
990
843

2,112
1,058
129
929
1,053

1,746
876
124
752
870

1,708
1,024
97
927
684

1,563
1,017
86
931
545

1,967
1,293
79
1,214
674

337
606
-269
1,170
838
331
-1,439

601
-238
839
-904
-2,333
1,428
1,744

9,331
-1,484
10,815
-482
-789
307
11,297

-1,378
-722
-656
-356
1,161
-1,517
-300

-560
-1,006
446
-448
974
-1,422
895

14,753
-669
15,423
4,041
4,821
-780
11,381

12,503
-614
13,117
4,489
317
4,172
8,628

10,740
-602
11,341
8,058
736
7,323
3,283

3,788
..

3,925
-1,200

9,071
-669

7,573
-10,716

115
-449

10,886
..

15,119
..

9,734
..

..
63.1

4.2
71.2

5.8
65.9

4.7
68.7

0.1
78.2

0.1
82.3

0.0
83.0

0.0
85.9

86,182
114,356
342
103,944
7,173
8,488
28,330

137,211
166,725
1,117
142,268
8,330
19,980
69,858

189,484
217,001
1,556
182,563
9,932
29,770
101,019

224,078
242,055
1,329
197,879
13,838
38,914
91,149

198,218
197,562
1,131
160,181
11,119
31,801
95,432

238,591
243,301
1,103
209,534
15,298
26,998
104,884

280,754
281,911
1,211
241,520
18,105
33,508
131,780

292,622
279,255
1,320
254,714
18,385
18,638
137,784

36.7
48.7
5.6
10.9
3.1
67.5
3.3

31.2
37.9
5.6
25.3
1.8
134.2
5.9

29.1
33.3
4.8
36.6
0.7
160.1
6.6

28.0
30.2
3.7
33.7
0.6
134.7
5.5

35.3
35.2
6.1
34.0
0.4
136.8
7.1

35.0
35.7
5.5
41.2
0.3
123.2
6.0

33.5
33.6
3.9
46.3
0.2
139.5
6.5

37.2
35.5
3.5
45.2
0.2
132.5
6.5

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term public and publicly guaranteed, long-term private nonguaranteed, and short-term debt data are World Bank staff estimates based on reports provided
by the country.

113

MALDIVES
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

206
185
21
0
0

389
327
56
0
6

853
656
190
0
7

922
701
216
2
4

985
779
186
1
21

1,011
760
224
3
28

988
731
229
1
28

1,027
732
267
3
28

185
185
155
30
0

327
327
277
50
0

656
438
354
84
218

701
493
379
114
209

779
563
465
97
216

760
645
539
105
115

731
689
579
110
42

732
732
644
87
0

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

14
14
6
7
0

50
50
33
16
0

105
71
43
29
34

150
105
58
47
45

157
112
107
5
45

168
142
108
34
26

124
116
83
33
9

113
113
112
2
0

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

14
14
7
7
0

25
25
16
9
0

52
31
21
11
20

65
41
26
15
24

68
47
24
23
20

63
54
30
24
9

73
69
44
25
4

69
69
44
25
0

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

5
5
3
2
0

9
9
7
2
0

18
12
9
4
5

20
14
9
5
7

17
13
8
5
4

11
10
6
4
1

11
11
7
4
1

10
10
7
3
0

-4
0
-3
0
0
..
-3

55
23
31
7
7
..
24

143
22
121
32
18
14
89

107
29
77
53
32
21
24

64
88
-23
6
-18
24
-30

149
85
63
27
10
17
36

58
39
19
12
8
5
7

80
68
12
-24
-24
..
36

22
..

53
..

132
0

181
14

158
-14

216
-10

256
0

284
0

..
53.3

8.6
55.3

20.8
47.8

22.5
46.6

18.9
53.3

18.5
46.9

18.9
43.6

16.0
40.5

594
468
2
492
34
-51
123

945
495
2
910
31
-273
189

1,303
1,831
8
1,943
242
-269
311

1,602
1,984
6
2,381
249
-612
244

1,712
1,718
5
1,758
236
-221
276

1,823
2,011
3
2,008
272
-196
364

1,833
2,358
3
2,595
280
-437
349

1,883
2,351
3
2,709
281
-600
318

44.1
34.7
4.2
10.3
57.5
59.5
3.0

78.5
41.2
7.3
14.5
44.7
48.6
2.5

46.6
65.5
4.4
22.2
30.5
36.5
1.9

46.5
57.5
4.9
23.4
30.3
26.4
1.2

57.3
57.5
5.4
18.8
29.1
28.0
1.9

50.3
55.5
4.2
22.1
30.3
36.0
2.2

41.9
53.9
4.0
23.2
30.9
35.3
1.6

43.7
54.5
3.8
26.0
31.4
31.0
1.4

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed and short-term debt data from 2006 are World Bank staff estimates based on reports provided by the country.

114

MALI
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

2,981
2,671
114
42
196

3,224
3,036
55
6
132

1,851
1,807
6
6
38

2,056
1,985
7
7
65

2,211
2,002
25
1
184

2,464
2,271
6
0
187

2,931
2,508
193
18
230

3,073
2,797
39
26
237

2,671
2,671
2,671
0
..

3,036
3,036
3,032
5
..

1,807
1,807
1,800
7
..

1,985
1,985
1,979
5
..

2,002
2,002
1,995
7
..

2,271
2,271
2,266
5
..

2,508
2,508
2,504
4
..

2,797
2,797
2,793
3
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

100
100
100
0
..

280
280
277
3
..

257
257
257
0
..

234
234
234
0
..

494
494
491
3
..

312
312
312
0
..

293
293
293
0
..

275
275
275
0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

50
50
50
0
..

52
52
52
0
..

43
43
42
1
..

44
44
43
1
..

46
46
45
1
..

39
39
38
1
..

40
40
39
1
..

28
28
27
0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

18
18
18
0
..

27
27
27
0
..

19
19
19
0
..

24
24
24
0
..

22
22
21
0
..

21
21
21
0
..

26
26
25
0
..

24
24
24
0
..

-31
42
-73
..
..
..
-73

219
210
8
3
3
..
5

194
219
-25
-1
-1
..
-24

218
219
-1
-1
-1
..
..

475
449
25
1
1
..
24

261
280
-19
-1
-1
..
-18

466
299
168
-1
-1
..
169

93
255
-162
0
0
..
-162

82
0

175
9

-50
-6

100
-3

103
-3

27
1

556
..

310
..

..
33.9

14.4
45.2

18.1
32.0

15.4
31.6

3.1
34.1

3.5
36.7

3.2
37.8

5.0
35.1

2,392
665
73
1,046
76
-255
382

5,099
1,443
177
2,108
190
-438
854

6,847
2,004
344
2,985
262
-581
1,087

8,425
2,653
431
4,171
326
-1,063
1,072

8,508
2,210
454
3,351
459
-655
1,604

9,003
2,508
473
4,236
402
-1,190
1,344

10,195
2,838
..
4,338
..
-652
1,379

9,808
..
..
..
..
..
1,341

448.5
124.6
14.1
3.8
50.8
12.8
4.4

223.4
63.2
6.9
1.7
69.5
26.5
4.9

92.3
27.0
3.2
0.3
52.1
58.7
4.4

77.5
24.4
2.6
0.3
55.8
52.1
3.1

100.1
26.0
3.1
1.1
70.8
72.6
5.7

98.3
27.4
2.5
0.2
72.6
54.6
3.8

103.3
28.7
2.4
6.6
68.3
47.0
3.8

..
31.3
..
1.3
70.0
43.7
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is based on data from the BIS. The data for Principal Arrears on long-term are revised from 2001. Data include the effects of HIPC and MDRI
debt relief.

115

MAURITANIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

2,390
2,029
251
112
111

2,322
2,072
167
109
83

1,719
1,437
254
128
29

2,001
1,669
301
135
31

2,289
1,984
192
134
113

2,705
2,323
237
76
145

2,867
2,538
151
77
178

3,348
2,940
196
76
211

2,029
2,029
2,009
19
..

2,072
2,072
2,048
23
..

1,437
1,437
1,417
20
..

1,669
1,669
1,655
14
..

1,984
1,984
1,972
12
..

2,323
2,323
2,322
1
..

2,538
2,538
2,538
0
..

2,940
2,940
2,940
0
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

115
115
115
0
..

143
143
128
15
..

185
185
185
0
..

294
294
294
0
..

407
407
407
0
..

412
412
412
0
..

287
287
287
0
..

440
440
440
0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

46
46
43
2
..

33
33
31
1
..

93
93
92
1
..

38
38
31
6
..

53
53
52
1
..

76
76
65
11
..

79
79
78
1
..

85
85
85
0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

20
20
18
2
..

20
20
19
1
..

23
23
22
1
..

21
21
21
0
..

23
23
23
0
..

35
35
34
1
..

41
41
41
0
..

55
55
55
0
..

62
74
-11
-2
-2
..
-9

92
87
5
14
14
..
-9

131
106
26
-1
-1
..
27

300
266
34
-6
-6
..
40

246
355
-109
-1
-1
..
-108

473
381
92
-11
-11
..
103

156
244
-88
-1
-1
..
-87

433
387
46
..
..
..
46

40
..

814
..

139
..

343
..

-3
..

131
..

589
..

1,204
..

..
40.9

2.2
49.3

8.3
35.9

9.4
37.7

7.6
36.1

6.3
41.5

6.3
43.2

7.7
49.1

1,304
..
..
..
..
..
46

2,249
..
..
..
..
..
64

3,348
1,627
..
2,286
..
144
198

3,821
2,056
..
2,776
..
-523
189

3,079
1,641
..
2,176
..
-405
225

3,603
2,306
..
2,787
..
-319
272

4,090
3,124
..
3,522
..
-248
485

4,066
2,914
..
4,497
..
-1,263
949

..
183.3
..
10.5
41.6
1.9
..

..
103.2
..
7.2
60.9
2.8
..

105.7
51.4
7.5
14.8
46.5
11.5
1.0

97.3
52.4
3.1
15.0
46.1
9.4
0.8

139.5
74.3
4.7
8.4
48.2
9.8
1.2

117.3
75.1
4.9
8.8
49.9
10.0
1.2

91.8
70.1
3.9
5.3
51.2
16.9
1.7

114.9
82.3
4.9
5.9
48.0
28.4
2.5

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is based on data from the BIS. Data include the effects of MDRI debt relief.

116

MAURITIUS
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

967
946
..
..
21

805
782
..
..
23

714
689
..
..
25

669
645
..
..
24

978
818
8
..
152

1,225
1,072
3
..
149

3,133
1,277
1,708
..
149

4,459
1,454
2,856
15
149

Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

946
828
494
334
118

782
716
504
213
66

689
627
497
130
62

645
596
500
96
49

818
737
652
85
81

1,072
972
884
88
100

1,277
1,166
1,100
66
111

1,454
1,343
1,290
53
111

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

128
119
43
76
9

138
126
62
64
11

118
89
89
0
29

114
86
86
0
28

285
217
197
19
69

388
319
292
27
69

333
283
281
1
51

187
136
136
0
51

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

401
385
55
330
16

197
176
87
89
21

126
105
61
44
21

145
110
83
27
35

121
84
51
33
37

113
64
44
20
49

139
78
56
21
61

120
58
45
14
61

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

52
51
23
29
1

30
30
19
10
0

28
28
18
10
1

26
25
18
7
0

21
20
16
4
1

17
16
15
2
1

23
22
20
2
1

26
26
24
2
1

-273
-12
-261
-261
-254
-6
..

-59
-24
-35
-35
-25
-10
..

-8
28
-36
-36
-44
8
..

-31
3
-34
-34
-27
-7
..

164
146
18
18
-14
32
..

270
247
23
27
8
20
-4

1,898
225
1,673
-31
-20
-11
1,704

1,201
92
1,109
-24
-14
-11
1,134

266
-4

42
36

341
50

378
34

257
..

430
..

273
..

361
..

..
47.1

49.1
25.8

50.1
21.8

45.4
24.9

40.8
32.6

32.0
31.4

29.7
35.0

28.7
40.7

4,553
2,671
177
2,772
8
-37
897

6,276
3,899
1
4,284
34
-324
1,340

8,016
5,259
1
5,818
90
-434
1,780

9,714
5,748
1
6,948
163
-976
1,743

8,793
4,635
1
5,514
195
-655
2,179

9,835
10,189
1
11,378
4,639
-1,006
2,442

11,325
7,005
1
8,632
547
-1,506
2,583

10,604
7,622
1
8,939
569
-1,175
2,837

36.2
21.2
17.0
..
22.3
92.8
3.9

20.6
12.8
5.8
..
31.1
166.4
3.8

13.6
8.9
2.9
..
35.5
249.4
3.7

11.6
6.9
3.0
..
40.3
260.4
3.0

21.1
11.1
3.1
0.8
38.5
222.9
4.7

12.0
12.5
1.3
0.3
40.9
199.4
2.6

44.7
27.7
2.7
54.5
18.7
82.4
3.6

58.5
42.0
2.4
64.1
14.1
63.6
3.8

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed from 2009 are based on reports provided by the country and do not include offshore liabilities. Private nonguaranteed debt data
for 2012 are World Bank staff estimates. Short-term debt data are based on reports provided by the country and data for 2009 and 2010 are public sector shortterm debt only.

117

MEXICO
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

152,260
132,951
18,932
0
378

175,918
153,302
22,201
0
415

199,218
171,398
27,362
0
458

206,736
177,884
28,405
0
447

199,807
167,747
27,590
0
4,470

243,635
200,231
39,013
0
4,391

286,382
231,088
50,917
0
4,377

354,897
278,204
72,311
0
4,382

132,951
82,470
20,892
61,577
50,481

153,302
118,145
18,789
99,356
35,158

171,398
125,525
11,019
114,506
45,872

177,884
133,102
12,424
120,679
44,782

167,747
123,226
21,082
102,144
44,521

200,231
150,603
25,973
124,630
49,628

231,088
171,586
28,161
143,426
59,502

278,204
208,649
29,848
178,801
69,555

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

32,830
11,483
2,855
8,628
21,346

28,801
17,995
2,309
15,686
10,806

41,661
23,952
2,165
21,786
17,710

33,704
24,746
2,761
21,985
8,958

36,695
26,616
8,572
18,044
10,079

54,986
42,142
6,166
35,976
12,844

59,712
34,063
4,518
29,546
25,649

98,408
47,826
3,099
44,727
50,582

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

38,967
16,337
3,386
12,950
22,630

25,101
15,686
2,530
13,155
9,416

24,288
13,544
1,543
12,001
10,744

24,565
14,831
1,463
13,368
9,735

22,318
11,872
1,795
10,077
10,446

21,683
13,941
1,679
12,263
7,742

28,708
12,383
1,947
10,436
16,325

35,413
8,501
1,490
7,011
26,912

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

12,174
7,923
1,554
6,368
4,251

9,398
7,532
848
6,685
1,866

11,717
7,934
514
7,420
3,783

9,975
7,176
458
6,718
2,799

8,792
6,019
551
5,468
2,773

8,345
5,859
627
5,232
2,486

10,887
7,318
730
6,587
3,570

32,204
28,709
756
27,954
3,495

-15,566
-4,830
-10,736
-5,606
-4,322
-1,284
-5,130

5,588
-221
5,809
3,920
2,530
1,390
1,889

18,477
623
17,855
16,751
9,785
6,966
1,104

10,181
1,298
8,883
7,840
8,617
-777
1,043

13,562
6,777
6,785
7,600
7,966
-367
-815

44,726
4,487
40,239
28,816
23,713
5,103
11,423

42,907
2,570
40,337
28,433
19,110
9,324
11,904

84,390
1,609
82,781
61,387
37,717
23,670
21,395

18,110
447

24,451
3,353

31,552
-482

27,853
-3,503

16,605
4,155

22,563
373

23,553
-6,566

15,453
10,038

..
84.0

1.0
87.9

1.0
81.8

0.8
83.7

6.0
69.4

4.8
63.3

4.2
59.0

3.5
52.3

566,409
185,853
7,525
211,589
6,076
-18,742
35,509

833,255
235,187
22,742
265,939
8,145
-8,614
74,054

1,014,791
297,201
26,880
337,874
13,443
-14,268
87,109

1,074,109
318,089
26,041
363,114
11,201
-19,557
95,126

869,375
251,597
22,076
280,913
8,084
-7,724
99,589

1,023,942
324,906
22,080
349,673
7,918
-3,230
120,265

1,139,952
376,096
23,588
410,906
11,633
-11,836
143,991

1,157,782
398,728
23,366
435,471
13,402
-14,184
160,413

81.9
26.9
31.6
12.4
11.3
23.3
2.0

74.8
21.1
15.5
12.6
9.4
42.1
3.3

67.0
19.6
12.8
13.7
4.6
43.7
3.1

65.0
19.2
11.1
13.7
5.2
46.0
3.1

79.4
23.0
12.7
13.8
8.6
49.8
4.3

75.0
23.8
10.0
16.0
8.8
49.4
4.1

76.1
25.1
11.2
17.8
8.1
50.3
4.2

89.0
30.7
17.7
20.4
7.1
45.2
4.4

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

118

MOLDOVA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

1,843
1,047
489
22
308

2,219
1,238
718
56
264

3,365
1,941
1,079
21
346

3,655
2,019
1,289
22
347

3,753
2,011
1,403
38
338

4,837
2,745
1,583
37
509

5,459
2,899
1,906
42
655

6,135
3,205
2,137
52
793

1,047
850
743
107
197

1,238
698
664
34
540

1,941
783
759
24
1,158

2,019
805
790
15
1,214

2,011
809
790
19
1,203

2,745
839
823
16
1,906

2,899
857
836
21
2,042

3,205
942
913
29
2,263

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

164
54
52
2
110

237
26
26
0
211

588
47
47
0
541

484
53
53
0
432

284
54
41
13
230

464
94
89
5
370

530
94
80
14
436

648
142
121
21
505

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

57
30
27
3
28

163
42
35
7
120

219
43
34
9
176

391
44
35
8
347

303
55
46
9
248

306
55
47
8
251

368
71
63
8
297

467
65
51
14
402

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

46
39
28
11
7

42
22
20
2
20

50
18
16
2
33

56
17
15
1
39

54
22
21
1
32

49
16
16
1
33

58
16
16
0
42

54
16
15
1
38

560
13
547
82
0
82
465

157
-31
188
84
-7
91
104

611
24
587
356
-9
365
231

313
28
285
76
-8
85
208

65
-21
86
-13
4
-18
99

514
217
297
117
-3
119
180

632
169
463
145
6
140
318

539
207
332
111
7
104
221

128
3

191
1

536
2

727
11

135
2

202
6

276
5

185
14

..
67.1

7.6
68.9

8.7
69.3

9.9
67.2

11.4
66.5

10.3
69.1

11.7
68.6

15.1
64.2

1,310
780
179
1,089
3
-98
222

3,347
1,871
915
2,673
45
-226
597

4,819
2,456
1,491
4,359
182
-671
1,334

6,653
3,056
1,888
5,670
151
-976
1,672

5,742
2,308
1,199
3,975
141
-447
1,480

6,297
2,745
1,351
4,523
152
-451
1,718

7,580
3,656
1,600
5,957
257
-784
1,965

7,820
3,818
1,786
5,923
118
-495
2,511

236.2
140.7
20.0
26.5
21.9
12.1
2.5

118.6
66.3
13.6
32.3
18.4
26.9
2.7

137.0
69.8
14.1
32.1
14.1
39.6
3.7

119.6
54.9
16.5
35.3
13.8
45.8
3.5

162.6
65.4
16.9
37.4
14.0
39.4
4.5

176.2
76.8
14.5
32.7
11.7
35.5
4.6

149.3
72.0
12.8
34.9
11.3
36.0
4.0

160.7
78.5
15.1
34.8
11.7
40.9
5.1

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

119

MONGOLIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

960
833
13
2
114

1,396
1,267
25
0
105

1,759
1,581
75
0
103

1,908
1,705
108
0
95

2,215
1,885
72
0
258

2,506
2,003
230
0
273

2,564
2,057
239
0
268

5,080
4,550
297
0
234

833
833
831
3
..

1,267
1,267
1,266
0
..

1,581
1,576
1,487
89
5

1,705
1,657
1,571
86
48

1,885
1,817
1,733
84
68

2,003
1,782
1,775
7
221

2,057
1,826
1,814
12
231

4,550
3,242
1,736
1,506
1,307

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

75
75
75
0
..

91
91
91
0
..

167
165
87
79
2

122
75
75
0
47

239
212
212
0
27

236
66
66
0
170

122
87
83
5
35

2,680
1,562
62
1,500
1,118

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

22
22
19
3
..

17
17
17
0
..

30
30
28
3
0

41
40
37
3
1

70
62
59
2
8

139
122
44
77
18

78
54
54
0
24

138
90
84
6
48

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

9
9
9
0
..

15
15
15
0
..

15
15
15
0
0

30
24
18
7
6

29
26
19
7
4

24
20
19
1
4

20
20
20
0
0

63
21
21
0
42

45
58
-12
-3
-3
..
-9

-73
69
-142
0
0
..
-142

160
52
107
78
76
2
29

109
33
76
43
-3
46
33

292
312
-20
16
-2
18
-36

274
40
234
76
-77
153
158

49
24
25
16
5
11
9

2,566
-56
2,622
2,564
1,494
1,070
58

54
..

185
..

373
1

845
13

624
4

1,691
680

4,715
9

4,452
15

..
35.8

7.6
44.5

9.1
46.7

8.5
43.8

8.1
43.8

7.4
40.2

7.4
40.5

4.0
68.4

1,132
627
12
791
9
-70
179

2,472
1,494
180
1,635
41
84
333

4,137
2,586
178
2,627
126
172
802

5,450
3,045
225
3,956
109
-690
561

4,388
2,322
200
2,850
121
-342
1,294

5,640
3,423
266
4,496
464
-886
2,197

7,918
5,481
279
8,480
632
-2,760
2,275

9,592
5,402
320
9,004
594
-3,362
3,930

153.2
84.8
6.6
1.3
48.1
18.6
2.7

93.5
56.5
3.0
1.8
56.4
23.9
2.4

68.0
42.5
2.2
4.3
53.7
45.6
3.7

62.7
35.0
2.7
5.7
50.5
29.4
1.7

95.4
50.5
4.6
3.3
48.3
58.4
5.5

73.2
44.4
5.0
9.2
42.8
87.7
5.9

46.8
32.4
2.0
9.3
43.4
88.7
3.2

94.0
53.0
4.5
5.8
22.3
77.4
5.2

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt data only cover European Bank for Reconstruction and Development lending and bonds.

120

MONTENEGRO
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

..
..
..
..
..

..
..
..
..
..

1,299
854
405
0
41

1,502
860
602
0
40

2,357
1,109
1,207
0
40

1,603
1,378
186
0
40

2,354
1,859
455
0
40

2,833
2,255
538
0
40

Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

..
..
..
..
..

..
..
..
..
..

854
844
827
17
10

860
851
836
15
9

1,109
1,094
894
201
15

1,378
1,359
846
512
19

1,859
1,805
1,012
792
54

2,255
2,161
1,145
1,016
94

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

..
..
..
..
..

..
..
..
..
..

74
73
73
0
1

64
60
60
0
4

248
242
61
181
7

395
383
35
348
12

659
619
258
361
40

528
482
164
319
46

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

..
..
..
..
..

..
..
..
..
..

109
105
105
1
4

28
25
24
1
3

25
23
22
1
2

61
60
33
27
2

127
124
43
81
2

174
166
48
118
8

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

..
..
..
..
..

..
..
..
..
..

35
34
34
1
1

28
27
27
0
0

28
28
26
2
0

34
33
20
13
1

79
78
24
55
1

87
86
24
63
1

..
..
..
..
..
..
..

..
..
..
..
..
..
..

-36
-32
-4
-4
-1
-3
..

233
36
197
0
-1
1
197

829
38
790
185
180
5
605

-687
2
-689
332
322
11
-1,021

802
214
587
318
280
38
269

437
116
322
239
201
38
83

..
..

..
..

938
3

975
-6

1,549
-5

758
-8

556
-15

618
0

..
..

..
..

50.7
41.6

51.1
39.5

62.5
29.7

71.4
21.7

77.6
17.1

80.7
14.7

..
..
..
..
..
..
..

..
..
..
..
..
..
..

2,991
1,727
196
3,273
16
-1,464
689

3,972
2,064
298
4,428
43
-2,258
436

4,368
1,663
303
2,933
91
-1,150
573

3,959
1,722
301
2,826
99
-952
556

4,290
2,198
343
3,152
45
-791
393

4,150
1,975
333
2,918
33
-769
459

..
..
..
..
..
..
..

..
..
..
..
..
..
..

75.3
43.4
9.8
31.2
42.0
53.0
2.5

72.8
37.8
3.4
40.1
37.0
29.0
1.2

141.7
54.0
4.1
51.2
25.1
24.3
2.3

93.1
40.5
5.7
11.6
34.7
34.7
2.4

107.1
54.9
9.7
19.3
28.6
16.7
1.5

143.5
68.3
13.6
19.0
27.8
16.2
1.9

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt data (excluding bonds) only cover European Bank for Reconstruction and Development lending. Short-term debt is based
on data from the BIS. Montenegro became independent in 2006 and started to report data in 2007.

121

MOROCCO
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

20,790
19,106
1,573
122
112

16,297
15,493
682
0
122

20,679
18,625
1,919
0
135

20,957
19,194
1,631
0
132

24,631
21,572
2,179
0
880

26,303
23,638
1,800
0
865

29,096
25,204
3,030
0
862

33,816
28,786
4,167
0
863

19,106
17,244
12,759
4,485
1,862

15,493
12,442
10,119
2,323
3,051

18,625
15,650
13,084
2,566
2,975

19,194
16,538
14,543
1,994
2,656

21,572
19,218
16,713
2,504
2,354

23,638
21,049
17,269
3,780
2,589

25,204
22,371
18,628
3,743
2,833

28,786
25,087
19,839
5,248
3,699

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1,638
980
631
349
658

2,456
1,658
1,562
97
798

3,976
2,714
1,810
904
1,262

4,554
3,093
2,800
292
1,461

4,551
3,468
2,868
600
1,083

4,999
3,882
2,258
1,625
1,116

4,506
3,285
2,995
290
1,222

6,199
4,191
2,539
1,652
2,008

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1,632
1,593
928
666
39

2,139
1,881
1,303
578
258

3,325
1,861
990
872
1,464

3,452
1,795
1,043
753
1,656

2,709
1,138
966
172
1,572

2,428
1,274
1,090
184
1,154

2,436
1,481
1,277
205
955

2,845
1,648
1,430
217
1,198

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

949
877
548
329
71

569
501
388
113
68

590
555
443
112
34

709
655
536
120
54

678
612
523
89
66

850
819
731
88
31

757
722
571
152
35

783
748
584
164
35

-449
-296
-153
302
-317
619
-455

831
259
573
59
-481
540
514

838
820
17
-170
32
-202
187

814
1,758
-944
-656
-460
-195
-288

2,390
1,902
487
-61
428
-489
548

2,192
1,168
1,024
1,403
1,441
-37
-379

3,300
1,718
1,582
352
85
267
1,230

4,491
1,109
3,382
2,245
1,435
810
1,137

221
18

1,671
64

2,826
-64

2,466
148

1,970
-4

1,241
132

2,521
166

2,842
-108

..
37.6

43.4
23.8

54.6
12.6

53.0
11.9

54.5
10.4

55.6
10.3

56.4
9.2

55.2
13.7

36,053
10,729
2,161
13,686
268
-475
4,823

58,760
17,281
4,589
21,616
594
1,041
16,187

74,246
24,910
6,730
32,736
730
-122
24,123

87,411
31,613
6,894
44,910
835
-4,528
22,104

88,520
24,924
6,269
37,346
1,753
-4,971
22,797

88,305
27,913
6,423
39,109
1,445
-3,925
22,613

96,120
32,649
7,256
48,764
2,086
-8,000
19,526

93,832
32,954
6,508
49,913
2,092
-9,571
16,356

193.8
57.7
25.3
7.6
29.3
23.2
4.2

94.3
27.7
15.8
4.2
36.0
99.3
9.0

83.0
27.9
16.2
9.3
38.2
116.7
8.8

66.3
24.0
13.3
7.8
40.9
105.5
5.9

98.8
27.8
13.7
8.8
40.7
92.6
7.3

94.2
29.8
11.8
6.8
38.6
86.0
6.9

89.1
30.3
9.9
10.4
38.8
67.1
4.8

102.6
36.0
11.2
12.3
35.6
48.4
3.9

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)
Notes:
Short-term debt is based on data from the BIS.

122

MOZAMBIQUE
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

7,338
6,410
567
411
361

4,393
3,367
714
525
312

3,048
2,344
516
387
187

3,489
2,726
580
449
183

4,138
3,165
632
465
342

3,736
2,898
480
381
357

4,106
3,617
134
5
355

4,788
4,245
190
20
353

6,410
4,693
4,682
11
..

3,367
3,367
3,365
2
..

2,344
2,344
2,336
9
..

2,726
2,726
2,719
7
..

3,165
3,165
3,136
28
..

2,898
2,898
2,800
98
..

3,617
3,617
3,387
230
..

4,245
4,245
3,983
262
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

131
131
131
0
..

326
326
326
0
..

329
329
322
6
..

399
399
397
2
..

446
446
422
23
..

368
368
289
79
..

524
524
373
151
..

648
648
617
31
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

64
34
33
1
..

39
18
18
0
..

10
10
10
0
..

14
14
11
3
..

15
15
12
3
..

38
38
30
8
..

28
28
21
6
..

39
39
36
4
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

20
20
20
0
..

22
22
22
0
..

14
14
14
0
..

19
19
19
0
..

23
23
23
0
..

47
47
46
0
..

26
26
26
0
..

39
39
39
0
..

53
157
-104
-31
-1
..
-73

104
297
-193
-21
0
..
-172

371
318
53
6
6
..
47

387
386
1
-1
-1
..
2

620
564
56
20
20
..
36

284
281
3
71
71
..
-68

525
350
174
144
144
..
30

648
579
68
27
27
..
41

139
..

122
0

417
0

559
0

899
0

1,258
0

2,846
0

5,238
..

..
68.7

3.0
69.0

5.8
58.6

6.2
57.9

6.4
55.1

9.6
43.9

14.9
48.9

14.2
49.6

4,075
769
37
1,763
0
-764
723

6,219
2,186
59
3,350
284
-761
1,054

7,450
3,064
99
4,453
554
-786
1,445

9,263
3,270
116
5,325
544
-1,193
1,578

9,430
2,909
111
4,893
240
-1,221
2,099

9,192
3,102
139
5,245
214
-1,450
2,159

12,379
4,002
157
7,891
234
-2,997
2,469

14,540
5,127
220
12,253
50
-6,297
2,770

954.6
180.1
13.4
7.7
15.1
9.9
4.9

201.0
70.6
4.2
16.3
52.9
24.0
3.8

99.5
40.9
1.2
16.9
43.2
47.4
3.9

106.7
37.7
1.1
16.6
47.2
45.2
3.6

142.3
43.9
1.4
15.3
46.9
50.7
5.1

120.4
40.6
2.8
12.9
58.0
57.8
4.9

102.6
33.2
1.4
3.3
56.2
60.1
3.8

93.4
32.9
1.6
4.0
54.4
57.9
2.7

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is based on data from the BIS. Data include HIPC and MDRI debt relief.

123

MYANMAR
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

5,832
5,287
490
490
55

6,337
5,515
759
759
63

7,250
6,221
958
958
71

7,136
6,121
950
950
65

7,702
6,320
1,009
1,009
373

7,789
6,274
1,125
1,125
390

7,770
6,253
1,136
1,136
381

2,563
1,858
336
336
368

5,287
5,287
4,262
1,026
..

5,515
5,515
4,568
947
..

6,221
6,221
5,218
1,002
..

6,121
6,121
5,155
966
..

6,320
6,320
5,345
976
..

6,274
6,274
5,823
451
..

6,253
6,253
5,809
443
..

1,858
1,858
1,528
331
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

14
14
12
3
..

1
1
1
0
..

1
1
1
0
..

1
1
1
0
..

0
0
0
0
..

0
0
0
0
..

0
0
0
0
..

0
0
0
0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

22
22
2
20
..

25
25
8
17
..

11
11
11
1
..

10
10
10
0
..

9
9
9
0
..

553
553
7
546
..

6
6
6
0
..

736
736
736
0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

2
2
0
2
..

1
1
1
0
..

2
2
2
0
..

2
2
2
0
..

2
2
2
0
..

11
11
2
10
..

1
1
1
0
..

180
180
180
0
..

-7
10
-17
-17
-17
..
..

-24
-7
-17
-17
-17
..
..

-10
-10
-1
-1
-1
..
..

-10
-10
0
0
0
..
..

-9
-9
0
0
0
..
..

-553
-7
-546
-546
-546
..
..

-6
-6
0
0
0
..
..

-736
-736
0
0
0
..
..

258
..

235
..

710
..

864
..

1,079
..

901
..

1,001
..

2,243
..

..
35.4

11.0
33.5

12.6
30.3

10.6
30.6

10.3
29.9

10.9
22.0

10.2
21.8

32.7
48.2

..
2,145
104
2,627
135
-210
223

..
3,838
129
3,429
1,388
582
771

..
5,911
81
4,735
1,387
1,381
3,089

..
6,439
55
5,500
1,884
1,247
3,717

..
6,347
54
5,794
1,811
986
5,252

..
7,851
115
6,516
1,816
1,574
5,717

..
8,566
127
10,379
1,721
-1,424
7,004

..
..
..
..
..
..
6,964

271.9
..
1.2
8.4
19.7
3.8
1.0

165.1
..
0.7
12.0
19.4
12.2
2.7

122.6
..
0.3
13.2
17.8
42.6
7.8

110.8
..
0.2
13.3
18.4
52.1
8.1

121.3
..
0.2
13.1
17.4
68.2
10.9

99.2
..
7.2
14.4
18.2
73.4
10.5

90.7
..
0.1
14.6
18.0
90.1
8.1

..
..
..
13.1
24.0
271.7
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Fiscal year-end for external debt data is March. Long-term public and publicly guaranteed and short-term debt data are World Bank staff estimates based on the
original terms of the loans.

124

NEPAL
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

2,878
2,826
29
0
23

3,191
3,112
47
0
32

3,615
3,468
55
0
92

3,698
3,551
57
0
89

3,778
3,552
44
0
183

3,789
3,509
61
0
219

3,828
3,530
84
0
214

3,818
3,501
113
0
204

2,826
2,826
2,821
5
..

3,112
3,112
3,108
5
..

3,468
3,468
3,463
5
..

3,551
3,551
3,547
4
..

3,552
3,552
3,548
4
..

3,509
3,509
3,506
3
..

3,530
3,530
3,528
2
..

3,501
3,501
3,499
2
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

154
154
154
0
..

192
192
192
0
..

141
141
141
0
..

103
103
103
0
..

116
116
116
0
..

126
126
126
0
..

174
174
174
0
..

160
160
160
0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

67
67
59
7
..

85
85
85
1
..

113
113
112
1
..

127
127
126
1
..

140
140
140
1
..

149
149
149
0
..

154
154
153
1
..

175
175
175
0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

28
28
27
1
..

30
30
30
0
..

30
30
30
0
..

34
34
34
0
..

32
32
32
0
..

33
33
32
0
..

35
35
35
0
..

33
33
33
0
..

69
90
-21
-7
-7
..
-14

118
108
10
-1
-1
..
11

36
62
-26
0
0
..
-26

-21
-23
1
-1
-1
..
2

-40
-27
-14
-1
-1
..
-13

33
16
17
0
0
..
17

39
16
22
-1
-1
..
23

3
-25
29
0
0
..
29

0
..

2
..

6
..

1
..

38
..

88
..

94
..

92
..

..
38.6

2.1
43.6

2.1
43.5

1.7
42.5

1.6
42.4

1.4
41.9

1.2
41.8

1.1
43.1

5,514
1,354
111
1,825
..
-131
945

8,153
1,423
1,212
2,803
57
153
1,499

10,440
1,661
1,734
3,743
54
6
2,014

12,661
1,946
2,727
4,456
44
733
2,458

13,007
1,753
2,985
5,160
9
18
2,769

16,078
1,783
3,469
6,004
50
-128
2,937

19,083
2,150
4,217
6,588
59
289
3,631

19,561
2,177
4,793
6,969
34
577
4,307

212.5
52.2
7.5
1.0
85.4
32.9
6.2

224.2
39.1
8.4
1.5
85.8
47.0
6.4

217.7
34.6
8.9
1.5
86.5
55.7
6.5

190.0
29.2
8.5
1.5
86.2
66.5
6.6

215.6
29.0
10.1
1.2
84.7
73.3
6.4

212.5
23.6
10.6
1.6
82.7
77.5
5.9

178.1
20.1
9.2
2.2
82.2
94.8
6.6

175.4
19.5
10.3
3.0
82.4
112.8
7.4

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)
Notes:
Short-term debt is based on data from the BIS.

125

NICARAGUA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

6,823
5,717
912
791
194

5,000
4,231
540
364
229

4,105
2,833
1,157
467
116

4,715
3,421
1,153
472
141

5,842
4,504
993
484
346

6,961
5,209
1,392
495
359

7,881
6,065
1,443
506
373

8,858
6,873
1,625
518
361

5,717
5,435
5,220
216
281

4,231
3,939
3,867
72
292

2,833
2,171
2,165
5
662

3,421
2,253
2,249
4
1,168

4,504
2,505
2,502
4
1,999

5,209
2,683
2,680
3
2,526

6,065
2,846
2,843
3
3,219

6,873
3,055
3,051
3
3,818

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

511
226
220
6
285

287
226
226
0
61

922
368
368
0
554

946
183
183
0
763

827
291
291
0
536

1,185
267
267
0
918

1,396
239
239
0
1,157

1,194
258
258
0
936

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

184
71
62
8
114

110
64
64
0
47

313
198
198
0
115

309
52
52
0
257

365
62
62
0
302

456
56
56
0
400

539
63
63
0
475

431
53
53
0
377

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

91
79
76
3
12

46
44
44
0
2

64
46
46
0
19

98
39
39
0
59

121
37
37
0
84

104
33
33
0
70

121
39
39
0
82

140
39
39
0
101

350
179
172
169
-2
171
3

210
153
57
14
0
14
43

1,138
188
949
439
0
439
511

657
160
497
506
0
506
-8

326
265
61
234
0
234
-173

1,137
230
907
518
0
518
389

913
191
721
682
0
682
40

920
192
729
559
0
559
170

267
..

241
..

382
..

626
..

434
..

508
..

968
..

805
0

..
70.4

0.5
80.3

3.7
83.9

4.1
83.9

4.6
83.8

5.1
84.1

4.6
85.2

4.4
86.2

4,906
1,133
320
2,479
69
-936
488

6,173
1,434
616
3,075
82
-784
728

7,223
2,303
740
4,621
93
-1,243
1,103

8,031
2,835
820
5,491
113
-1,521
1,141

7,901
2,765
770
4,675
121
-791
1,573

8,344
3,455
825
5,490
135
-875
1,799

9,381
4,460
914
6,973
146
-1,284
1,892

10,216
5,018
1,016
7,708
157
-1,381
1,887

602.4
139.1
25.6
13.4
32.0
7.2
2.4

348.7
81.0
12.1
10.8
56.8
14.6
2.8

178.2
56.8
17.4
28.2
27.5
26.9
2.9

166.3
58.7
15.2
24.5
26.0
24.2
2.5

211.3
73.9
18.3
17.0
24.9
26.9
4.0

201.4
83.4
16.9
20.0
23.8
25.8
3.9

176.7
84.0
15.7
18.3
23.5
24.0
3.3

176.5
86.7
12.3
18.3
23.4
21.3
2.9

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Historical short-term debt until 2006 is based on data from the BIS. Data include the effects of HIPC and MDRI debt relief.

126

NIGER
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

1,721
1,563
72
60
86

1,994
1,812
41
38
141

1,121
805
261
38
55

974
816
93
19
65

1,271
985
131
17
155

1,561
1,231
172
23
158

2,256
1,948
156
21
153

2,340
2,079
98
23
164

1,563
1,495
1,495
0
68

1,812
1,780
1,780
0
33

805
785
785
0
20

816
803
803
0
13

985
978
978
0
7

1,231
1,231
1,231
0
0

1,948
1,948
1,948
0
0

2,079
2,079
2,079
0
0

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

76
76
76
0
0

122
122
122
0
0

80
80
80
0
0

96
96
96
0
0

214
214
214
0
0

283
283
283
0
0

754
754
754
0
0

146
146
146
0
0

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

14
12
12
0
2

22
15
15
0
7

17
10
10
0
7

18
11
11
0
7

35
28
28
0
7

17
10
10
0
7

17
17
17
0
0

18
18
18
0
0

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

8
8
8
0
0

13
11
11
0
2

9
7
7
0
2

7
6
6
0
1

8
8
8
0
0

8
8
8
0
0

10
10
10
0
0

10
10
10
0
0

52
73
-22
-2
..
-2
-20

109
119
-10
-7
..
-7
-3

289
82
207
-7
..
-7
214

-58
97
-156
-7
..
-7
-149

225
191
33
-7
..
-7
40

307
278
28
-7
..
-7
35

718
732
-14
..
..
..
-14

78
138
-60
..
..
..
-60

8
0

50
1

99
0

282
1

631
9

796
6

1,066
..

793
..

..
46.7

11.3
58.7

0.2
49.4

0.2
48.4

0.4
53.4

0.6
61.3

4.2
67.7

5.5
63.7

1,782
334
14
485
2
-104
81

3,397
602
66
1,095
21
-312
251

4,290
806
79
1,343
28
-351
593

5,351
1,124
94
2,006
23
-651
705

5,220
1,186
102
2,657
84
-1,320
656

5,379
1,332
134
2,916
17
-1,136
760

5,955
..
..
..
..
..
673

6,450
..
..
..
..
..
1,015

515.7
96.6
8.0
4.2
59.8
4.7
2.0

331.1
58.7
6.8
2.0
79.2
12.6
2.7

139.1
26.1
4.0
23.3
53.2
52.9
5.3

86.6
18.2
2.6
9.5
61.9
72.4
4.2

107.2
24.3
3.8
10.3
49.7
51.6
3.0

117.2
29.0
2.0
11.0
43.3
48.7
3.1

..
37.9
..
6.9
37.4
29.8
..

..
36.3
..
4.2
41.1
43.4
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is based on data from the BIS. Data include the effects of HIPC and MDRI debt relief.

127

NIGERIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

31,582
30,257
1,120
43
205

20,476
20,248
3
3
225

3,863
3,614
0
0
248

4,144
3,902
0
0
242

6,848
4,221
0
0
2,626

7,271
4,691
0
0
2,580

9,009
6,437
0
0
2,572

10,077
7,502
0
0
2,575

30,257
30,042
26,596
3,446
215

20,248
20,248
18,039
2,209
..

3,614
3,614
3,518
96
..

3,902
3,902
3,789
112
..

4,221
4,221
4,135
87
..

4,691
4,691
4,691
0
..

6,437
5,937
5,437
500
500

7,502
6,652
6,152
500
850

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

153
153
153
0
0

379
379
345
34
..

532
532
514
18
..

409
409
385
24
..

519
519
519
0
..

1,057
1,057
1,057
0
..

2,087
1,587
1,087
500
500

1,155
805
805
0
350

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1,092
1,057
915
142
35

3,863
3,863
3,685
179
..

916
916
320
596
..

340
340
333
8
..

342
342
316
26
..

248
248
244
4
..

274
274
274
0
0

158
158
158
0
0

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

690
673
516
157
18

4,937
4,937
4,717
220
..

86
86
80
6
..

87
87
86
1
..

85
85
78
6
..

59
59
59
0
..

96
77
61
17
19

144
94
60
34
50

-697
-762
64
-177
-142
-35
241

-3,484
-3,340
-145
-145
-145
..
..

-383
194
-577
-577
-577
..
..

69
53
16
16
16
..
..

178
204
-26
-26
-26
..
..

809
813
-4
-4
-4
..
..

1,813
813
1,000
1,000
500
500
..

997
647
350
350
0
350
0

1,140
..

4,983
751

6,035
1,447

8,197
-954

8,555
487

6,049
2,161

8,842
2,571

7,101
10,003

..
85.0

36.3
27.3

3.9
58.6

3.5
61.5

5.3
58.8

3.9
61.6

2.6
68.9

2.0
69.5

40,256
21,183
1,392
15,383
2,279
7,427
9,911

98,881
57,149
14,640
35,773
2,603
36,529
28,280

154,067
70,046
18,011
60,948
13,056
27,643
51,334

191,961
90,388
19,206
81,632
17,000
29,154
53,002

154,024
59,321
18,368
64,815
15,042
13,868
44,763

208,963
81,976
19,818
88,299
20,032
14,459
34,919

221,013
100,653
20,619
109,908
23,072
12,554
35,212

239,106
99,048
20,633
100,602
22,430
20,353
46,405

149.1
78.5
8.8
3.5
10.5
31.4
7.7

35.8
20.7
15.4
0.0
12.5
138.1
9.5

5.5
2.5
1.4
0.0
75.9
1,328.9
10.1

4.6
2.2
0.5
0.0
73.0
1,279.0
7.8

11.5
4.4
0.7
0.0
51.4
653.7
8.3

8.9
3.5
0.4
0.0
59.3
480.2
4.7

9.0
4.1
0.4
0.0
53.3
390.9
3.8

10.2
4.2
0.3
..
53.1
460.5
5.5

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt only cover Bonds. Short-term debt is revised from 2001 based on reports provided by the country.

128

PAKISTAN
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

32,954
29,684
1,519
0
1,751

34,018
31,053
1,230
0
1,735

42,006
38,128
2,228
0
1,650

49,524
43,540
1,370
0
4,614

56,340
45,829
1,466
0
9,045

63,152
50,603
2,291
0
10,258

65,125
52,628
2,535
0
9,962

61,867
51,585
2,598
0
7,684

29,684
27,124
25,074
2,051
2,560

31,053
30,089
28,907
1,182
964

38,128
36,935
33,941
2,994
1,193

43,540
40,356
37,270
3,086
3,184

45,829
42,564
40,059
2,505
3,265

50,603
43,402
41,603
1,799
7,201

52,628
45,127
43,360
1,768
7,501

51,585
44,736
43,007
1,729
6,849

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1,644
1,527
1,522
4
117

2,831
2,231
1,619
612
600

3,725
3,195
2,436
760
530

3,596
2,684
2,557
127
912

4,414
3,732
3,731
1
681

6,669
1,857
1,856
1
4,812

3,154
2,572
2,572
0
582

2,312
2,312
2,312
0
0

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1,587
1,143
1,105
37
445

1,463
1,136
993
143
327

1,381
1,110
1,103
7
272

1,764
1,307
1,272
35
456

2,243
1,637
1,055
582
606

3,010
2,134
1,427
707
876

1,665
1,383
1,351
32
282

1,527
1,395
1,356
39
132

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

857
641
527
114
217

674
598
548
50
76

999
868
694
174
132

1,028
880
683
197
147

917
812
643
169
105

876
786
654
131
90

806
711
594
117
95

773
686
583
103
87

-343
330
-672
-361
-33
-328
-311

1,116
389
727
742
469
273
-15

3,098
1,181
1,917
1,011
753
258
906

3,995
4,306
-311
547
92
455
-858

5,350
5,760
-410
-506
-581
75
96

5,853
1,798
4,055
3,230
-706
3,936
825

1,462
950
512
268
-32
300
244

-1,427
-1,319
-108
-171
-39
-132
63

308
35

2,201
451

5,590
1,276

5,438
-270

2,338
-37

2,018
524

1,309
-37

854
178

..
41.6

12.0
42.2

11.6
44.6

10.0
44.3

9.8
46.5

8.8
44.8

8.2
45.7

8.4
48.0

73,025
10,237
1,075
14,484
429
-85
1,513

111,867
19,760
4,280
32,445
1,871
-3,606
10,033

145,773
23,302
5,998
42,687
2,974
-8,301
14,044

167,234
26,756
7,039
53,546
3,203
-15,655
7,194

166,223
22,921
8,717
39,373
2,548
-3,993
11,318

183,228
28,738
9,690
43,885
2,140
-1,354
14,346

220,327
32,173
12,263
50,838
2,102
-2,234
14,528

242,656
31,837
14,007
52,308
2,375
-2,025
10,242

321.9
45.1
28.0
4.6
40.9
4.6
1.3

172.2
30.4
12.4
3.6
46.9
29.5
3.7

180.3
28.8
11.5
5.3
47.6
33.4
3.9

185.1
29.6
11.3
2.8
44.6
14.5
1.6

245.8
33.9
15.2
2.6
42.0
20.1
3.4

219.8
34.5
15.0
3.6
39.0
22.7
3.9

202.4
29.6
9.2
3.9
39.0
22.3
3.4

194.3
25.5
14.9
4.2
40.6
16.6
2.3

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt data from 2006 are World Bank staff estimates based on the reports provided by the country. Short-term debt is based on
data from the BIS.

129

PANAMA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

6,606
6,481
1
1
124

8,108
8,047
0
0
61

8,785
8,738
0
0
47

9,280
9,240
0
0
41

11,243
10,934
0
0
309

11,382
11,078
0
0
303

12,583
12,281
0
0
302

12,294
11,991
0
0
303

6,481
5,700
1,289
4,411
780

8,047
6,305
1,306
4,999
1,742

8,738
7,677
1,407
6,270
1,061

9,240
8,129
1,529
6,600
1,111

10,934
9,798
1,833
7,965
1,136

11,078
10,087
2,126
7,961
991

12,281
10,890
2,399
8,491
1,391

11,991
9,723
2,732
6,992
2,268

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

724
486
97
388
238

1,595
1,325
94
1,231
270

679
199
199
0
480

704
654
254
400
50

1,890
1,865
461
1,404
25

445
440
440
0
5

1,377
973
438
535
404

1,453
537
537
0
915

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

411
386
109
277
25

1,207
955
139
817
251

171
171
154
17
0

659
659
160
499
0

190
190
154
36
0

320
170
165
5
150

185
178
175
3
7

1,908
1,869
176
1,694
38

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

418
365
79
286
53

541
454
59
394
87

607
544
70
474
63

641
578
71
506
64

684
596
72
524
88

726
638
75
563
87

745
668
76
592
77

691
645
77
567
47

261
-63
324
324
112
213
..

378
-55
433
433
414
19
..

498
35
463
463
-17
480
..

41
89
-48
-48
-98
50
..

1,700
307
1,393
1,393
1,368
25
..

125
275
-150
-150
-5
-145
..

1,192
263
929
929
531
397
..

-455
362
-816
-816
-1,694
877
..

624
..

1,104
..

2,023
..

2,534
..

1,086
..

2,195
..

3,223
..

3,383
..

..
91.8

0.0
95.9

0.0
97.4

0.0
97.8

0.0
98.2

0.0
97.4

0.0
92.2

0.0
92.2

11,007
9,408
16
10,258
562
-673
723

14,340
11,619
130
12,882
1,048
-1,022
1,211

21,100
16,124
180
17,784
1,521
-1,407
1,935

24,575
17,991
196
20,951
1,748
-2,722
2,424

25,612
19,006
336
19,311
1,310
-178
3,028

28,902
20,416
410
23,319
1,829
-2,765
2,714

33,170
26,104
384
30,096
2,096
-3,826
2,304

38,908
29,754
402
33,102
2,873
-3,267
2,466

70.2
60.0
9.4
0.0
15.5
10.9
0.8

69.8
56.5
15.1
..
13.7
14.9
1.1

54.5
41.6
4.9
..
13.9
22.0
1.3

51.6
37.8
7.3
..
14.4
26.1
1.4

59.2
43.9
4.6
..
14.5
26.9
1.9

55.7
39.4
5.1
..
15.9
23.8
1.4

48.2
37.9
3.6
..
16.1
18.3
0.9

41.3
31.6
8.7
..
19.4
20.1
0.9

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt data only cover Bonds.

130

PAPUA NEW GUINEA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

2,305
2,204
49
0
51

1,896
1,651
232
0
13

1,448
1,342
91
0
15

1,435
1,412
9
0
14

1,787
1,460
130
0
197

5,965
5,380
392
0
193

12,584
12,268
123
0
193

23,128
22,651
284
0
193

2,204
1,454
1,394
60
750

1,651
1,264
1,213
51
387

1,342
1,129
1,087
42
213

1,412
1,067
1,023
44
345

1,460
1,045
1,008
36
415

5,380
1,042
1,009
33
4,337

12,268
1,069
1,043
26
11,199

22,651
1,130
1,114
16
21,521

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

254
219
206
13
35

335
45
44
1
290

615
40
39
0
575

951
26
26
0
925

516
33
33
0
483

3,153
37
37
0
3,116

8,158
94
94
0
8,064

10,896
161
161
0
10,735

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

196
115
96
19
80

183
114
93
21
69

947
172
166
6
775

932
163
157
6
769

513
62
55
7
451

758
67
60
7
691

1,076
79
71
8
997

349
78
70
8
271

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

85
54
50
5
31

54
38
36
2
16

55
39
38
1
16

40
32
31
1
8

28
21
20
1
7

50
16
16
1
33

104
19
19
1
85

131
18
18
0
113

30
128
-99
-51
-5
-45
-48

214
-110
323
200
-20
221
123

-408
-127
-281
-205
-5
-200
-76

-63
-131
67
149
-6
156
-82

124
-22
146
25
-7
32
121

2,657
-23
2,680
2,418
-7
2,426
262

6,812
23
6,790
7,059
-8
7,067
-269

10,708
91
10,617
10,456
-8
10,464
161

96
..

32
..

95
..

-31
..

419
..

29
..

-309
..

29
..

..
21.3

3.8
33.7

4.6
36.2

4.3
38.5

4.3
39.1

3.8
38.9

3.3
37.2

3.0
37.6

3,303
2,369
7
2,013
198
351
287

4,531
3,649
7
3,368
511
539
718

6,261
5,205
8
5,399
674
56
2,054

7,931
6,259
7
5,713
611
708
1,953

7,855
4,624
5
5,382
537
-585
2,561

9,262
6,097
3
6,920
466
-633
3,033

12,003
..
..
..
..
..
4,256

15,024
..
..
..
..
..
3,930

97.3
69.8
12.9
2.1
35.9
12.4
1.7

52.0
41.8
8.4
12.2
44.1
37.9
2.6

27.8
23.1
19.4
6.3
51.8
141.8
4.6

22.9
18.1
15.6
0.6
50.2
136.1
4.1

38.6
22.8
11.7
7.3
40.5
143.3
5.7

97.8
64.4
13.3
6.6
11.9
50.8
5.3

..
104.8
..
1.0
5.6
33.8
..

..
153.9
..
1.2
3.4
17.0
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is based on data from the BIS. Long-term private nonguaranteed debt data for 2011 include a huge outstanding loan about $18.5 billion.

131

PARAGUAY
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

3,135
2,537
580
11
18

3,249
2,716
513
0
20

3,591
2,767
803
0
22

4,182
3,015
1,146
0
21

4,134
3,233
752
0
149

5,076
3,782
1,147
0
147

5,918
3,869
1,903
0
146

6,331
4,668
1,517
0
146

2,537
2,087
1,639
449
450

2,716
2,266
1,845
421
450

2,767
2,195
1,843
352
572

3,015
2,263
1,940
323
751

3,233
2,261
1,979
282
972

3,782
2,361
2,094
267
1,421

3,869
2,305
2,072
233
1,564

4,668
2,245
2,051
194
2,423

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

192
192
192
0
0

210
144
141
3
66

206
111
111
0
95

376
196
196
0
180

489
248
248
0
241

826
303
303
0
523

512
163
163
0
349

1,118
227
227
0
891

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

207
114
107
7
93

332
205
176
29
126

258
206
177
29
52

296
237
208
29
59

308
262
221
41
46

313
239
224
15
75

299
244
211
34
55

626
240
201
39
386

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

116
100
70
30
16

115
94
77
17
21

135
104
80
24
31

136
96
78
18
40

122
97
83
14
25

131
65
63
2
66

140
66
61
4
75

141
59
55
4
82

-187
85
-272
-100
-7
-93
-173

-275
-35
-239
-86
-26
-60
-153

39
-67
106
14
-29
43
92

423
-11
434
91
-29
120
343

-213
27
-241
153
-41
195
-394

907
79
828
433
-15
448
395

969
-47
1,016
260
-34
294
756

105
26
80
466
-39
505
-386

104
..

7
..

105
..

261
..

49
..

356
..

134
..

363
..

..
59.2

2.6
68.4

2.8
68.8

2.8
66.1

2.6
67.5

1.7
70.3

1.5
72.6

1.4
77.2

7,085
3,185
278
3,524
84
-163
763

7,360
5,182
161
5,473
158
-68
1,297

12,840
7,970
341
7,564
365
779
2,461

17,379
10,278
363
10,503
505
189
2,845

14,774
8,386
377
8,421
555
484
3,839

18,617
11,135
410
11,758
760
-66
4,137

24,841
13,371
541
13,796
534
289
4,950

23,324
12,725
634
13,368
861
116
4,557

98.4
44.2
11.2
18.5
37.3
24.3
2.6

62.7
44.1
9.2
15.8
38.9
39.9
2.8

45.1
28.0
5.3
22.4
36.1
68.5
3.9

40.7
24.1
4.5
27.4
31.0
68.0
3.3

49.3
28.0
5.3
18.2
32.7
92.8
5.5

45.6
27.3
4.1
22.6
29.5
81.5
4.2

44.3
23.8
3.4
32.2
25.6
83.6
4.3

49.8
27.1
6.3
24.0
25.2
72.0
4.1

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)
Notes:
Short-term debt is based on data from the BIS.

132

PERU
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

28,813
24,208
3,928
14
677

29,508
26,109
3,212
4
188

32,239
26,761
5,334
17
144

34,720
29,159
5,420
22
141

37,390
31,649
4,784
1
956

42,154
34,822
6,393
1
939

45,012
37,751
6,325
0
936

54,148
44,679
8,532
0
937

24,208
19,270
14,439
4,830
4,938

26,109
22,537
13,830
8,706
3,572

26,761
19,854
11,315
8,539
6,907

29,159
19,415
12,358
7,056
9,744

31,649
20,788
11,727
9,061
10,862

34,822
20,009
10,555
9,454
14,813

37,751
20,142
10,721
9,422
17,608

44,679
19,965
9,981
9,984
24,714

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

2,066
1,489
1,454
35
577

3,721
2,635
985
1,650
1,086

7,149
3,299
1,180
2,119
3,849

4,630
1,165
1,165
0
3,466

4,772
3,232
1,232
2,000
1,539

8,296
3,862
1,601
2,261
4,434

3,386
1,003
1,003
0
2,382

6,866
1,348
448
900
5,518

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1,003
986
840
146
17

4,189
3,033
2,918
114
1,156

6,747
5,865
3,498
2,366
882

3,265
2,618
1,255
1,363
647

2,221
1,833
1,808
25
389

4,060
3,490
2,971
518
570

1,402
892
867
25
509

2,990
1,350
1,015
335
1,640

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1,174
1,105
917
188
69

1,718
1,403
807
596
314

2,110
1,512
818
694
598

1,808
1,185
572
613
623

1,976
1,084
452
632
892

2,550
1,096
346
750
1,454

1,789
1,001
288
712
788

3,326
969
275
694
2,357

283
473
-190
448
-111
560
-638

-46
-1,972
1,927
1,465
1,536
-70
461

2,704
-2,339
5,042
2,720
-247
2,967
2,322

1,447
-91
1,538
1,457
-1,363
2,819
81

1,935
-575
2,511
3,126
1,975
1,151
-615

5,845
-1,370
7,215
5,606
1,742
3,864
1,608

1,918
136
1,781
1,848
-25
1,873
-67

6,083
-567
6,650
4,443
565
3,878
2,207

810
123

2,579
769

5,491
70

6,924
85

6,431
47

8,455
87

8,233
147

12,244
-32

..
73.5

7.0
80.4

8.2
78.7

11.1
72.6

7.2
77.9

4.4
83.6

4.7
84.0

4.6
85.7

51,878
9,247
718
11,794
344
-1,546
8,374

74,970
20,006
1,440
20,631
4,030
1,148
13,599

98,934
32,511
2,131
33,558
7,788
1,460
26,856

118,081
36,144
2,444
44,404
8,346
-5,318
30,271

118,538
31,801
2,409
35,411
8,172
-723
32,013

142,406
39,986
2,534
46,794
10,714
-3,782
42,648

163,216
51,046
2,697
57,586
12,866
-3,341
47,206

184,410
51,215
2,788
61,647
11,748
-7,136
62,300

311.6
55.5
27.9
13.6
19.3
29.1
8.5

147.5
39.4
30.3
10.9
26.8
46.1
7.9

99.2
32.6
27.9
16.5
24.6
83.3
9.6

96.1
29.4
14.6
15.6
23.1
87.2
8.2

117.6
31.5
13.4
12.8
22.5
85.6
10.8

105.4
29.6
16.7
15.2
18.7
101.2
10.9

88.2
27.6
6.4
14.1
17.7
104.9
9.8

105.7
29.4
12.5
15.8
14.0
115.1
12.1

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt data for 2012 are World Bank staff estimates based on market data. Short-term debt is based on data from the BIS.

133

PHILIPPINES
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

58,456
50,777
5,495
0
2,183

58,693
51,742
6,395
0
555

59,115
51,847
7,084
0
184

58,206
51,026
7,001
0
180

55,711
50,395
4,002
0
1,314

60,775
53,189
6,295
0
1,290

61,023
52,723
7,013
0
1,287

61,390
51,619
8,483
0
1,288

50,777
33,744
19,890
13,855
17,033

51,742
35,364
18,580
16,784
16,378

51,847
38,077
19,574
18,503
13,770

51,026
39,195
21,599
17,596
11,831

50,395
41,923
22,054
19,870
8,472

53,189
44,727
23,210
21,517
8,462

52,723
44,579
23,587
20,992
8,144

51,619
43,037
21,934
21,103
8,582

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

5,747
5,228
1,528
3,701
519

5,544
3,874
1,144
2,730
1,670

3,802
2,767
1,655
1,112
1,034

4,293
2,130
1,454
677
2,163

8,767
8,124
2,349
5,776
642

10,928
8,251
1,370
6,881
2,677

7,954
4,999
1,709
3,290
2,954

5,761
3,828
1,436
2,392
1,933

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

4,047
2,515
1,572
943
1,533

5,748
3,353
1,788
1,566
2,395

4,739
2,549
1,668
881
2,190

6,995
3,592
2,322
1,270
3,402

5,675
3,841
1,722
2,120
1,833

8,341
6,813
1,818
4,996
1,527

6,311
4,887
2,007
2,880
1,424

2,725
2,629
1,756
873
96

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

2,469
1,882
841
1,041
586

3,152
2,409
584
1,825
743

3,206
2,527
614
1,913
679

3,376
2,865
612
2,253
511

3,266
2,841
542
2,299
425

3,112
2,977
498
2,479
135

3,195
2,850
489
2,361
345

2,973
2,844
431
2,414
129

2,551
261
2,290
1,744
2,758
-1,014
546

828
-961
1,788
439
1,164
-725
1,349

1,138
-13
1,151
-924
231
-1,155
2,075

-2,785
-868
-1,917
-1,834
-594
-1,240
-83

93
627
-534
2,465
3,656
-1,191
-2,998

4,880
-447
5,328
3,035
1,885
1,149
2,293

2,360
-298
2,658
1,941
410
1,530
718

4,505
-320
4,826
3,356
1,520
1,836
1,470

2,240
-202

1,664
1,465

3,245
3,178

1,436
-1,289

2,712
-1,096

1,635
503

1,816
1,046

2,797
1,728

..
42.2

5.5
49.5

5.9
52.9

5.1
49.8

5.1
55.8

3.7
56.1

3.3
58.4

2.9
63.1

80,996
44,060
6,961
51,931
230
-2,228
13,090

102,768
37,031
13,561
46,442
1,391
1,980
15,926

148,461
51,227
16,285
58,268
2,133
7,112
30,211

173,708
52,392
18,628
64,012
1,675
3,627
33,193

168,141
47,317
19,726
54,238
2,150
9,358
38,783

200,094
59,105
21,369
66,831
2,125
8,922
55,363

225,008
63,337
23,058
74,747
2,925
6,970
67,290

249,394
72,658
24,641
84,704
4,237
7,126
73,478

132.7
72.2
16.0
9.4
12.3
22.4
3.0

158.5
57.1
25.7
10.9
11.3
27.1
4.1

115.4
39.8
16.2
12.0
12.2
51.1
6.2

111.1
33.5
20.6
12.0
12.7
57.0
6.2

117.7
33.1
19.2
7.2
15.2
69.6
8.6

102.8
30.4
19.4
10.4
13.8
91.1
9.9

96.3
27.1
15.3
11.5
14.8
110.3
10.8

84.5
24.6
8.0
13.8
15.3
119.7
10.4

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt data no longer include unregistered debt and are revised from 2005 based on the reports provided by the country.

134

ROMANIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

11,259
9,945
763
12
552

38,884
31,102
7,413
13
369

84,381
54,935
29,326
6
120

102,539
73,761
28,660
2
117

120,092
86,545
22,459
1
11,088

124,358
81,627
26,122
1
16,609

129,822
82,331
29,752
1
17,738

131,889
89,135
27,006
1
15,748

Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

9,945
6,583
4,149
2,434
3,362

31,102
13,330
6,152
7,177
17,773

54,935
15,299
7,315
7,984
39,636

73,761
15,256
8,042
7,214
58,505

86,545
18,248
11,321
6,927
68,297

81,627
20,801
14,280
6,520
60,826

82,331
24,870
16,888
7,982
57,462

89,135
29,695
17,600
12,095
59,440

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

3,144
1,937
1,083
854
1,207

12,909
2,637
1,016
1,621
10,272

21,016
1,371
731
640
19,645

32,747
3,059
1,543
1,516
29,688

23,271
3,938
3,735
204
19,332

17,435
5,623
4,128
1,495
11,812

17,847
6,177
3,900
2,277
11,670

20,896
6,483
1,242
5,241
14,413

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1,706
984
493
491
721

5,170
1,697
590
1,107
3,473

8,239
1,469
585
884
6,770

14,475
2,543
685
1,858
11,932

13,169
1,423
671
752
11,746

15,784
2,150
668
1,482
13,633

15,729
1,274
767
507
14,454

15,887
2,083
744
1,338
13,804

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

632
439
269
171
193

1,247
672
229
443
575

1,961
805
316
489
1,156

2,926
901
347
553
2,025

2,775
741
328
413
2,034

2,180
617
297
320
1,563

2,454
751
421
330
1,703

2,314
972
472
500
1,342

1,843
608
1,235
849
363
486
386

10,619
275
10,344
7,312
513
6,799
3,032

25,431
40
25,391
12,631
-244
12,874
12,760

17,611
857
16,753
17,415
-342
17,757
-662

13,292
12,454
838
7,038
-548
7,586
-6,200

10,979
9,124
1,855
-1,808
13
-1,821
3,663

6,961
4,346
2,616
-1,015
1,770
-2,784
3,630

264
-1,500
1,764
4,511
3,903
609
-2,747

1,037
58

6,866
229

10,290
746

13,849
23

4,926
7

3,204
4

2,557
-37

2,024
403

..
42.5

58.9
26.9

68.8
18.8

70.7
17.0

77.6
13.1

81.5
10.4

86.1
7.6

82.2
13.1

36,768
12,438
96
14,653
72
-1,355
2,470

98,008
25,693
4,708
38,645
2,926
-8,504
19,872

169,088
46,509
8,461
76,207
5,988
-23,080
37,194

198,413
59,740
9,285
92,343
4,362
-23,719
36,868

162,112
47,150
4,881
59,813
1,212
-6,955
40,757

162,477
54,951
3,879
66,966
717
-7,258
43,361

187,306
69,663
3,889
82,653
674
-8,344
42,939

167,254
64,738
3,541
75,400
-378
-6,346
41,162

90.5
30.6
20.1
6.8
29.9
21.9
2.0

151.3
39.7
26.9
19.1
14.4
51.1
6.2

181.4
49.9
24.9
34.8
8.0
44.1
5.9

171.6
51.7
30.3
28.0
7.1
36.0
4.8

254.7
74.1
34.7
18.7
8.9
33.9
8.2

226.3
76.5
33.8
21.0
10.8
34.9
7.8

186.4
69.3
27.4
22.9
12.3
33.1
6.2

203.7
78.9
34.2
20.5
12.7
31.2
6.6

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

135

RWANDA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

1,289
1,148
38
16
104

1,528
1,415
17
13
97

606
566
11
11
30

684
646
6
1
33

869
724
10
0
136

913
765
14
0
133

1,103
971
0
0
132

1,269
1,048
89
0
131

1,148
1,148
1,147
1
..

1,415
1,415
1,415
0
..

566
566
566
0
..

646
646
646
0
..

724
724
724
0
..

765
765
765
0
..

971
971
971
0
..

1,048
1,048
1,048
0
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

40
40
40
0
..

85
85
85
0
..

82
82
82
0
..

111
111
111
0
..

85
85
85
0
..

61
61
61
0
..

223
223
223
0
..

97
97
97
0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

13
13
13
0
..

13
13
13
0
..

16
16
16
0
..

9
9
9
0
..

5
5
5
0
..

8
8
8
0
..

12
12
12
0
..

13
13
13
0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

8
8
8
0
..

10
10
10
0
..

6
6
6
0
..

6
6
6
0
..

6
6
6
0
..

6
6
6
0
..

7
7
7
0
..

8
8
8
0
..

24
41
-16
0
0
..
-16

67
70
-3
0
0
..
-3

63
70
-7
0
0
..
-7

111
106
5
0
0
..
5

88
83
5
0
0
..
5

57
53
4
0
0
..
4

197
211
-14
0
0
..
-14

172
83
89
0
0
..
89

8
..

8
..

82
..

103
..

119
..

42
21

106
31

160
7

..
58.5

4.2
63.8

5.1
44.4

6.8
41.9

6.7
41.2

5.5
40.1

3.8
46.8

3.3
47.7

1,719
142
7
452
3
-94
191

2,554
260
9
693
5
-65
406

3,721
487
121
1,033
12
-85
553

4,676
726
68
1,487
16
-242
596

5,216
611
93
1,594
5
-379
743

5,582
639
106
1,710
4
-414
813

6,302
933
174
2,291
12
-477
1,050

..
1,027
182
2,570
1
-821
848

911.2
75.0
25.7
2.9
77.3
14.8
5.1

587.3
59.8
10.8
1.1
88.8
26.5
7.0

124.6
16.3
4.8
1.7
77.1
91.2
6.4

94.2
14.6
2.0
0.8
82.2
87.2
4.8

142.2
16.7
1.9
1.2
70.8
85.4
5.6

142.9
16.4
2.3
1.5
70.0
89.0
5.7

118.3
17.5
2.1
0.0
74.3
95.2
5.5

123.5
..
2.2
7.0
69.1
66.8
4.0

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Data include the effects of HIPC and MDRI debt relief.

136

SAMOA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

139.2
137.7
0.0
0.0
1.5

169.1
167.5
0.0
0.0
1.6

187.7
185.9
0.0
0.0
1.8

207.4
205.6
0.0
0.0
1.8

252.9
226.4
0.0
0.0
26.5

325.1
299.1
0.0
0.0
26.0

368.3
342.4
0.0
0.0
25.9

422.9
396.9
0.0
0.0
26.0

137.7
137.7
137.7
0.0
..

167.5
167.5
167.5
0.0
..

185.9
185.9
185.9
0.0
..

205.6
205.6
205.6
0.0
..

226.4
226.4
226.4
0.0
..

299.1
299.1
299.1
0.0
..

342.4
342.4
342.4
0.0
..

396.9
396.9
396.9
0.0
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

6.7
6.7
6.7
0.0
..

10.4
10.4
10.4
0.0
..

17.8
17.8
17.8
0.0
..

25.5
25.5
25.5
0.0
..

25.2
25.2
25.2
0.0
..

78.9
78.9
78.9
0.0
..

47.6
47.6
47.6
0.0
..

64.3
64.3
64.3
0.0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

4.2
4.2
4.2
0.0
..

4.3
4.3
4.3
0.0
..

5.3
5.3
5.3
0.0
..

6.0
6.0
6.0
0.0
..

6.0
6.0
6.0
0.0
..

7.2
7.2
7.2
0.0
..

7.7
7.7
7.7
0.0
..

8.6
8.6
8.6
0.0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1.3
1.3
1.3
0.0
..

1.5
1.5
1.5
0.0
..

1.6
1.6
1.6
0.0
..

2.1
2.1
2.1
0.0
..

2.5
2.5
2.5
0.0
..

3.3
3.3
3.3
0.0
..

4.1
4.1
4.1
0.0
..

4.7
4.7
4.7
0.0
..

2.5
2.5
0.0
0.0
0.0
..
..

6.1
6.1
0.0
0.0
0.0
..
..

12.6
12.6
0.0
0.0
0.0
..
..

19.6
19.6
0.0
0.0
0.0
..
..

28.1
28.1
0.0
0.0
0.0
..
..

71.6
71.6
0.0
0.0
0.0
..
..

39.8
39.8
0.0
0.0
0.0
..
..

55.7
55.7
0.0
0.0
0.0
..
..

-1.5
..

3.8
..

6.8
..

45.9
..

9.9
..

1.0
..

15.2
..

23.5
..

..
41.0

1.7
43.7

1.4
45.7

0.9
41.1

0.8
36.8

0.4
33.7

0.3
29.0

0.2
25.1

239.7
..
45.0
..
..
..
63.7

388.2
147.3
81.6
300.2
30.0
-47.3
81.8

452.9
188.5
96.6
344.3
37.9
-45.7
95.4

545.5
193.5
109.0
376.8
50.5
-57.7
87.1

473.6
181.4
119.5
319.8
27.4
-12.7
165.8

554.0
210.4
122.1
386.4
17.8
-43.4
209.4

607.7
217.6
139.1
434.2
29.2
-65.9
166.8

640.5
250.8
158.8
459.6
36.0
-35.4
168.7

..
58.1
..
..
92.9
45.7
..

114.8
43.6
3.9
..
91.7
48.4
3.3

99.6
41.4
3.7
..
94.2
50.8
3.3

107.2
38.0
4.2
..
84.9
42.0
2.8

139.4
53.4
4.7
0.0
71.2
65.6
6.2

154.5
58.7
5.0
..
67.4
64.4
6.5

169.3
60.6
5.5
..
60.8
45.3
4.6

168.6
66.0
5.3
..
56.7
39.9
4.4

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt data are excluded since BIS data include debt liabilities of offshore centers located in the country. BIS short-term debt data for 2010, 2011, and
2012 are $2.1 billion, $2.5 billion, and $3.0 billion respectively.

137

SAO TOME AND PRINCIPE
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

303.8
277.3
23.3
11.3
3.3

335.0
316.5
14.4
14.4
4.1

165.8
143.0
19.2
8.2
3.5

131.4
108.4
18.2
8.2
4.8

159.6
124.7
19.4
8.4
15.6

180.9
145.1
19.9
5.9
15.9

230.8
189.1
25.9
5.9
15.8

201.6
169.3
15.9
7.9
16.4

277.3
277.3
277.3
0.0
..

316.5
316.5
316.5
0.0
..

143.0
143.0
143.0
0.0
..

108.4
108.4
108.4
0.0
..

124.7
124.7
124.7
0.0
..

145.1
145.1
145.1
0.0
..

189.1
189.1
189.1
0.0
..

169.3
169.3
169.3
0.0
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

9.4
9.4
9.4
0.0
..

5.4
5.4
5.4
0.0
..

4.2
4.2
4.2
0.0
..

5.2
5.2
5.2
0.0
..

18.8
18.8
18.8
0.0
..

19.8
19.8
19.8
0.0
..

47.6
47.6
47.6
0.0
..

14.9
14.9
14.9
0.0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

2.2
2.2
2.2
0.0
..

4.3
4.3
4.3
0.0
..

4.2
4.2
4.2
0.0
..

1.6
1.6
1.6
0.0
..

1.7
1.7
1.7
0.0
..

1.1
1.1
1.1
0.0
..

1.0
1.0
1.0
0.0
..

1.5
1.5
1.5
0.0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1.2
1.2
1.2
0.0
..

2.0
2.0
2.0
0.0
..

1.1
1.1
1.1
0.0
..

0.3
0.3
0.3
0.0
..

0.3
0.3
0.3
0.0
..

0.3
0.3
0.3
0.0
..

0.3
0.3
0.3
0.0
..

0.5
0.5
0.5
0.0
..

9.7
9.7
0.0
0.0
0.0
..
..

1.6
1.6
0.0
0.0
0.0
..
..

10.6
0.6
10.0
0.0
0.0
..
10.0

3.9
4.9
-1.0
0.0
0.0
..
-1.0

18.7
17.7
1.0
0.0
0.0
..
1.0

22.2
19.2
3.0
0.0
0.0
..
3.0

52.6
46.6
6.0
0.0
0.0
..
6.0

2.0
14.0
-12.0
0.0
0.0
..
-12.0

3.8
..

15.7
..

36.0
..

79.1
..

15.5
..

50.6
..

32.2
..

22.5
..

..
43.5

6.2
44.9

3.8
64.6

4.5
53.5

3.8
58.7

14.9
50.8

26.5
45.3

23.6
40.9

73.7
17.1
0.5
42.0
..
-20.5
11.6

111.8
18.1
1.5
57.8
..
-36.3
26.7

149.4
20.3
2.0
85.8
..
-64.3
39.3

183.4
19.4
3.0
115.6
..
-93.5
61.3

196.2
21.3
2.0
104.7
..
-78.8
66.7

200.7
26.2
6.4
122.8
..
-87.6
48.2

247.9
31.2
6.9
149.4
..
-105.8
52.3

263.8
30.8
6.4
144.4
..
-99.5
51.6

1772.0
412.2
25.4
7.7
55.4
3.8
3.3

1853.8
299.6
36.3
4.3
58.8
8.0
5.5

817.6
110.9
31.5
11.6
22.5
23.7
5.5

675.6
71.6
11.5
13.9
27.0
46.6
6.4

751.0
81.4
9.4
12.1
22.8
41.8
7.6

690.1
90.1
6.0
11.0
20.5
26.6
4.7

739.7
93.1
5.0
11.2
18.0
22.7
4.2

654.8
76.4
6.9
7.9
18.7
25.6
4.3

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is based on data from the BIS. Data include HIPC and MDRI debt relief.

138

SENEGAL
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

3,653
3,221
146
1
286

3,862
3,643
36
0
183

2,586
2,188
332
0
66

2,851
2,552
197
0
102

3,739
3,312
18
0
409

3,908
3,457
0
0
451

4,324
3,877
0
0
447

4,900
4,317
141
0
442

3,221
3,208
3,203
5
13

3,643
3,501
3,492
9
141

2,188
1,988
1,981
7
200

2,552
2,372
2,367
4
180

3,312
2,954
2,752
202
357

3,457
3,149
2,949
200
308

3,877
3,612
3,112
500
265

4,317
4,051
3,695
357
266

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

137
136
131
5
1

382
333
333
0
49

497
472
472
0
24

522
518
518
0
4

837
628
428
200
208

434
352
352
0
83

1,009
928
428
500
81

746
672
670
2
74

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

127
125
124
0
3

112
83
81
2
29

126
72
68
4
54

126
87
85
3
39

146
97
94
3
49

229
84
83
2
144

236
140
140
0
96

211
138
138
0
73

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

58
58
58
0
0

55
45
44
1
10

50
34
33
1
16

49
36
36
0
13

50
41
41
0
9

75
64
46
18
11

122
108
57
51
15

102
85
48
37
17

-153
5
-158
3
5
-1
-161

242
224
18
18
-2
20
..

618
405
214
-34
-4
-30
248

299
471
-172
-37
-3
-34
-135

612
434
178
357
197
159
-179

236
318
-81
-63
-2
-62
-18

770
285
485
485
500
-15
..

671
527
144
3
2
2
141

63
-2

168
-6

351
8

454
-93

330
-2

275
23

338
..

338
..

..
45.0

10.9
59.5

9.9
41.0

15.9
37.0

17.8
39.5

18.9
38.4

17.3
43.8

20.8
35.9

4,589
1,383
233
1,929
75
-332
388

8,544
2,562
789
3,991
173
-676
1,186

11,224
3,075
1,192
5,676
141
-1,311
1,660

13,339
3,785
1,476
7,353
178
-1,884
1,602

12,591
3,286
1,350
5,613
147
-854
2,123

12,722
3,407
1,478
5,557
135
-600
2,047

14,282
4,025
..
6,917
..
-1
1,946

13,969
..
..
..
..
..
2,082

264.2
79.6
16.3
4.0
52.4
10.6
2.4

150.8
45.2
7.9
0.9
72.9
30.7
3.6

84.1
23.0
6.2
12.8
53.4
64.2
3.5

75.3
21.4
4.8
6.9
54.4
56.2
2.6

113.8
29.7
6.0
0.5
48.3
56.8
4.5

114.7
30.7
8.9
..
50.5
52.4
4.4

107.4
30.3
9.0
..
51.8
45.0
3.4

..
35.1
..
2.9
51.6
42.5
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is based on data from the BIS. Data include the effects of Paris Club debt restructuring agreement and HIPC and MDRI debt relief.

139

SERBIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

11,573
6,789
4,558
3,668
226

16,159
12,970
2,242
728
947

26,212
23,873
2,249
703
90

30,493
26,719
3,687
704
87

33,814
27,915
3,600
712
2,299

32,935
27,417
2,798
352
2,720

31,724
27,779
1,162
324
2,783

34,438
30,904
1,018
367
2,517

6,789
6,178
4,243
1,935
611

12,970
7,756
6,679
1,077
5,214

23,873
8,469
7,289
1,180
15,404

26,719
8,399
7,223
1,175
18,320

27,915
8,839
7,664
1,175
19,076

27,417
9,504
8,172
1,332
17,912

27,779
11,339
8,738
2,601
16,440

30,904
13,695
9,318
4,378
17,208

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

222
222
187
35
0

2,904
311
311
0
2,593

6,661
316
275
41
6,345

6,996
294
291
3
6,703

4,533
971
971
0
3,562

4,617
1,388
1,149
239
3,230

6,280
2,541
1,137
1,404
3,739

6,371
2,843
954
1,889
3,528

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

0
0
0
0
0

570
48
48
0
522

2,334
184
184
0
2,149

3,486
181
180
1
3,305

3,613
158
154
4
3,454

3,431
351
275
76
3,081

4,257
451
350
101
3,806

4,585
617
488
129
3,968

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

0
0
0
0
0

367
237
194
44
129

840
415
369
46
425

1,136
354
328
26
782

916
348
303
45
568

759
321
241
80
438

905
348
257
91
557

983
430
268
162
552

51
268
-217
35
35
..
-252

2,827
241
2,586
2,071
0
2,071
515

4,216
91
4,126
4,237
41
4,196
-112

4,948
111
4,837
3,400
1
3,398
1,437

2,401
2,392
9
104
-4
108
-95

1,201
1,332
-130
312
163
149
-442

489
861
-372
1,235
1,303
-68
-1,607

1,330
198
1,133
1,320
1,760
-440
-188

52
..

2,051
..

3,432
772

2,996
-57

1,936
22

1,340
84

2,700
69

355
-24

..
24.6

32.3
62.5

37.8
55.3

37.6
55.0

42.4
50.6

46.7
46.2

47.5
46.5

44.3
50.6

6,082
..
..
..
..
..
392

24,910
..
..
..
..
..
5,628

38,137
12,579
3,062
23,401
596
-6,890
13,893

46,395
15,792
2,708
29,927
890
-10,395
11,123

39,560
12,544
3,933
20,348
451
-2,867
14,769

36,099
13,916
3,349
20,884
552
-2,550
12,715

42,238
16,561
3,271
24,773
531
-3,834
14,877

36,318
16,012
2,763
23,788
602
-4,002
13,585

..
190.3
..
39.4
12.4
3.4
..

..
64.9
..
13.9
22.0
34.8
..

208.4
68.7
25.7
8.6
17.2
53.0
7.1

193.1
65.7
30.0
12.1
14.9
36.5
4.5

269.6
85.5
37.0
10.6
13.0
43.7
8.7

236.7
91.2
30.9
8.5
14.8
38.6
7.3

191.6
75.1
31.5
3.7
17.1
46.9
7.2

215.1
94.8
36.7
3.0
17.6
39.4
6.9

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Beginning 2006, the data for Serbia exclude Montenegro.

140

SEYCHELLES
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

304
220
84
5
1

672
398
273
57
1

1,410
626
784
60
1

1,502
650
842
78
10

1,707
708
968
110
32

1,487
463
980
24
44

1,778
457
1,272
16
49

2,024
475
1,494
13
54

220
220
159
61
..

398
398
224
175
..

626
626
210
416
..

650
650
196
453
..

708
708
271
436
..

463
463
213
250
..

457
457
209
249
..

475
475
228
247
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

38
38
19
19
..

59
59
8
51
..

151
151
11
140
..

84
84
4
80
..

34
34
25
9
..

49
49
33
16
..

7
7
6
1
..

23
23
20
3
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

10
10
5
5
..

41
41
11
30
..

46
46
20
26
..

53
53
15
38
..

43
43
18
25
..

9
9
6
3
..

8
8
7
1
..

9
9
5
5
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

7
7
2
5
..

11
11
3
8
..

28
28
3
25
..

21
21
4
18
..

8
8
4
4
..

28
28
2
26
..

9
9
3
6
..

12
12
4
8
..

71
14
57
15
15
..
42

180
-3
183
21
21
..
162

284
-9
292
113
113
..
179

81
-1
82
42
42
..
40

93
15
78
-16
-16
..
94

151
40
111
13
13
..
98

305
4
300
0
0
..
300

244
20
224
-1
-1
..
225

24
..

86
..

26
..

21
..

13
..

13
..

139
..

12
..

..
35.6

13.7
55.3

23.1
61.5

20.0
65.8

26.1
57.6

17.5
62.9

17.0
63.9

18.6
63.4

582
492
3
545
8
-43
44

879
729
12
935
20
-174
56

970
129
1
152
2
-28
41

899
102
0
133
2
-32
64

801
65
1
80
1
-15
191

926
71
1
89
-1
-18
236

1,009
77
2
101
4
-23
290

985
69
1
92
3
-20
319

61.9
52.3
4.2
27.6
18.9
14.4
1.0

92.1
76.4
8.1
40.6
10.7
8.4
0.7

1,096.9
145.5
85.6
55.6
3.6
2.9
3.2

1,466.4
167.0
90.2
56.1
2.9
4.2
5.7

2,624.8
213.1
94.5
56.7
2.6
11.2
28.5

2,108.9
160.5
68.7
65.9
5.0
15.8
31.9

2,296.8
176.3
44.7
71.5
4.1
16.3
34.6

2,912.4
205.6
64.3
73.8
4.4
15.7
41.7

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)
Notes:
Short-term debt is based on data from the BIS.

141

SIERRA LEONE
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

1,213
973
44
36
196

1,776
1,538
21
11
217

551
482
5
0
64

634
545
9
0
80

857
605
23
0
229

931
661
4
0
266

1,051
742
35
0
274

1,121
833
14
0
274

973
973
967
5
..

1,538
1,538
1,325
213
..

482
482
271
211
..

545
545
334
211
..

605
605
394
211
..

661
661
450
211
..

742
742
534
208
..

833
833
624
210
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

77
77
77
0
..

51
51
51
0
..

31
31
31
0
..

69
69
69
0
..

62
62
62
0
..

66
66
66
0
..

95
95
95
0
..

107
107
107
0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

10
10
10
0
..

5
5
5
0
..

5
5
5
0
..

2
2
2
0
..

3
3
3
0
..

5
5
5
0
..

7
7
7
0
..

8
8
8
0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

9
9
9
0
..

9
9
9
0
..

4
4
4
0
..

3
3
3
0
..

4
4
4
0
..

4
4
4
0
..

6
6
6
0
..

6
6
6
0
..

57
55
1
0
0
..
1

54
64
-10
0
0
..
-10

31
26
5
0
0
..
5

89
85
4
0
0
..
4

92
78
14
0
0
..
14

83
102
-19
0
0
..
-19

128
97
31
0
0
..
31

78
99
-21
0
0
..
-21

39
..

91
..

95
..

53
..

110
6

238
0

715
0

548
7

..
44.9

10.4
55.0

5.1
68.4

3.9
64.5

3.2
64.0

2.4
64.4

1.7
64.8

1.9
62.7

616
62
7
262
2
-112
49

1,590
267
2
509
41
-105
171

2,054
374
42
637
122
-160
217

2,430
348
23
685
76
-225
220

2,419
380
36
797
39
-327
405

2,526
427
44
1,191
46
-585
409

2,903
548
59
2,711
219
-1,914
439

3,796
1,350
61
2,689
130
-1,102
478

1,941.0
196.8
76.4
3.6
47.5
4.1
2.3

664.7
111.7
6.9
1.2
48.6
9.6
4.0

147.4
26.8
2.9
0.9
40.4
39.3
4.1

182.1
26.1
1.7
1.4
43.1
34.7
3.9

225.7
35.4
2.1
2.7
37.6
47.3
6.1

218.3
36.9
2.7
0.4
39.9
43.9
4.1

191.8
36.2
3.4
3.3
39.6
41.8
1.9

83.1
29.5
1.5
1.2
42.9
42.6
2.1

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is based on data from the BIS. Data include the effects of Paris Club debt restructuring agreement and HIPC and MDRI debt relief.

142

SOLOMON ISLANDS
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

156.2
152.1
3.2
1.8
0.9

167.4
151.2
15.3
12.3
0.9

178.3
173.9
3.4
3.4
1.0

166.9
162.8
3.1
3.1
1.0

172.4
154.4
2.5
1.5
15.5

230.8
201.9
4.0
4.0
24.9

257.5
210.3
12.9
8.9
34.4

228.1
191.5
2.0
0.0
34.6

152.1
120.7
117.3
3.4
31.5

151.2
144.2
143.8
0.4
7.0

173.9
148.1
147.5
0.6
25.9

162.8
137.1
136.6
0.4
25.8

154.4
132.9
132.7
0.2
21.5

201.9
125.3
125.2
0.1
76.6

210.3
117.8
117.8
0.0
92.4

191.5
110.2
110.2
0.0
81.3

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

3.4
3.4
3.4
0.0
0.0

5.7
5.7
5.3
0.4
0.0

24.5
4.5
4.5
0.0
20.0

1.1
0.1
0.1
0.0
1.0

13.7
0.0
0.0
0.0
13.7

36.8
0.0
0.0
0.0
36.8

27.3
0.0
0.0
0.0
27.3

2.2
0.0
0.0
0.0
2.2

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

6.2
2.7
2.7
0.0
3.5

10.0
5.8
3.2
2.6
4.2

10.7
8.3
7.9
0.4
2.4

10.8
10.8
10.7
0.1
0.0

7.6
6.5
6.3
0.2
1.1

17.5
8.6
8.4
0.2
8.9

12.6
6.6
6.5
0.1
6.0

21.8
6.5
6.5
0.0
15.3

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

2.7
0.8
0.8
0.0
1.9

3.9
1.7
1.7
0.0
2.3

3.2
3.2
3.2
0.0
0.0

4.3
4.3
4.3
0.0
0.0

2.4
1.8
1.8
0.0
0.5

3.2
1.7
1.7
0.0
1.5

2.6
1.7
1.7
0.0
0.9

8.1
1.5
1.5
0.0
6.5

-4.4
0.6
-5.0
-3.5
..
-3.5
-1.5

-2.3
2.1
-4.4
-6.4
-2.1
-4.2
2.0

11.8
-3.4
15.2
17.2
-0.4
17.6
-2.0

-9.7
-10.6
0.9
0.9
-0.1
1.0
..

7.1
-6.3
13.4
12.4
-0.2
12.6
1.0

27.9
1.1
26.8
27.8
-0.2
28.0
-1.0

28.5
3.3
25.2
21.2
-0.1
21.3
4.0

-21.3
-6.3
-15.1
-13.1
0.0
-13.1
-2.0

13.0
..

0.5
..

42.8
..

90.6
..

115.4
..

121.6
..

105.4
..

68.3
..

..
67.1

7.1
73.7

9.2
75.4

7.2
78.0

7.3
77.7

5.1
79.2

3.7
80.6

3.7
81.4

435.5
128.8
4.3
176.4
8.3
-41.0
32.0

415.5
154.9
7.2
250.1
5.3
-90.2
94.8

549.7
237.7
2.1
411.4
41.0
-80.9
120.5

551.5
289.7
1.7
524.0
103.5
-124.4
88.8

473.1
247.5
2.5
492.5
135.5
-128.7
146.0

554.7
347.8
1.7
690.3
127.0
-210.1
265.8

673.3
582.9
1.9
771.9
133.5
-60.3
412.3

699.5
665.1
17.2
761.3
84.2
2.2
469.5

121.3
35.9
7.1
2.1
64.3
20.5
2.2

108.1
40.3
9.1
9.1
63.9
56.7
4.5

75.0
32.4
5.9
1.9
68.2
67.6
3.5

57.6
30.3
5.2
1.8
68.1
53.2
2.0

69.7
36.5
4.0
1.5
64.6
84.7
3.6

66.4
41.6
6.0
1.7
45.8
115.2
4.6

44.2
38.2
2.6
5.0
38.8
160.1
6.4

34.3
32.6
4.5
0.9
41.2
205.8
7.4

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)
Notes:
Short-term debt is based on data from the BIS.

143

SOMALIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

2,579
1,825
591
569
164

2,770
1,882
709
709
180

2,965
1,979
788
788
199

2,970
1,983
793
793
194

3,046
1,987
810
810
248

3,045
1,990
811
811
244

3,053
1,992
818
818
243

3,055
1,985
827
827
243

1,825
1,825
1,792
33
..

1,882
1,882
1,846
35
..

1,979
1,979
1,940
38
..

1,983
1,983
1,946
37
..

1,987
1,987
1,950
38
..

1,990
1,990
1,954
37
..

1,992
1,992
1,955
36
..

1,985
1,985
1,948
36
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

0
0
0
0
..

0
0
0
0
..

0
0
0
0
..

0
0
0
0
..

0
0
0
0
..

0
0
0
0
..

0
0
0
0
..

0
0
0
0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

0
0
0
0
..

0
0
0
0
..

0
0
0
0
..

0
0
0
0
..

0
0
0
0
..

0
0
0
0
..

0
0
0
0
..

0
0
0
0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

0
0
0
0
..

0
0
0
0
..

0
0
0
0
..

0
0
0
0
..

0
0
0
0
..

0
0
0
0
..

0
0
0
0
..

0
0
0
0
..

-7
0
-7
0
0
..
-7

0
0
0
0
0
..
..

0
0
0
0
0
..
..

0
0
0
0
0
..
..

0
0
0
0
0
..
..

0
0
0
0
0
..
..

0
0
0
0
0
..
..

0
0
0
0
0
..
..

0
..

24
..

141
..

87
..

108
..

112
..

102
..

107
..

..
52.0

5.6
51.8

6.6
50.6

6.3
50.4

6.5
50.4

6.0
50.0

5.8
49.9

5.9
50.1

..
..
..
..
..
..
..

..
..
..
..
..
..
..

..
..
..
..
..
..
..

..
..
..
..
..
..
..

..
..
..
..
..
..
..

..
..
..
..
..
..
..

..
..
..
..
..
..
..

..
..
..
..
..
..
..

..
..
..
22.9
27.5
..
..

..
..
..
25.6
27.3
..
..

..
..
..
26.6
27.3
..
..

..
..
..
26.7
27.0
..
..

..
..
..
26.6
26.4
..
..

..
..
..
26.6
26.3
..
..

..
..
..
26.8
26.2
..
..

..
..
..
27.1
26.1
..
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term public and publicly guaranteed debt data are World Bank staff estimates based on the original terms of the loans.

144

SOUTH AFRICA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

25,148
15,308
9,553
..
287

48,044
33,453
14,276
..
315

69,364
44,972
24,044
..
348

68,052
42,251
25,462
..
339

77,275
53,190
21,286
..
2,799

102,348
77,869
21,730
..
2,750

115,184
91,909
20,534
..
2,741

137,501
106,889
27,868
..
2,744

15,308
9,088
145
8,943
6,220

33,453
21,834
286
21,547
11,619

44,972
19,707
291
19,416
25,265

42,251
20,016
259
19,757
22,235

53,190
24,658
227
24,430
28,532

77,869
39,017
1,139
37,878
38,852

91,909
46,669
1,449
45,220
45,240

106,889
57,351
2,782
54,568
49,538

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

3,611
1,597
91
1,506
2,014

5,641
2,678
58
2,620
2,963

8,727
1,870
0
1,870
6,857

1,871
1,219
3
1,216
652

4,339
2,332
32
2,300
2,007

5,698
3,777
913
2,864
1,921

8,036
5,050
490
4,560
2,986

9,312
3,915
1,415
2,500
5,397

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

2,631
1,649
0
1,649
982

3,124
2,870
27
2,844
254

2,306
808
26
782
1,498

3,677
2,353
26
2,327
1,324

2,127
1,419
38
1,381
708

2,608
1,278
40
1,238
1,330

2,482
1,165
42
1,123
1,317

4,937
2,514
37
2,477
2,423

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

746
549
1
548
196

1,321
1,109
12
1,098
212

1,694
1,281
18
1,264
413

1,623
1,192
16
1,176
431

1,557
1,097
10
1,087
460

2,949
1,573
20
1,553
1,377

3,419
2,061
40
2,021
1,358

3,197
2,567
62
2,505
631

-282
91
-373
889
-143
1,032
-1,262

5,597
31
5,566
2,485
-224
2,709
3,081

9,899
-26
9,925
6,447
1,088
5,359
3,478

-388
-23
-365
-1,783
-1,111
-672
1,418

-1,964
-6
-1,958
2,218
919
1,299
-4,176

3,534
873
2,661
2,217
1,626
591
444

4,358
448
3,910
5,106
3,437
1,669
-1,196

11,709
1,378
10,331
2,997
23
2,974
7,334

969
4,169

6,522
7,230

6,587
8,670

9,885
-4,707

7,624
9,364

3,693
5,826

5,889
-3,769

4,644
-679

..
92.0

9.6
55.9

19.1
51.1

14.2
53.5

11.9
49.8

7.0
36.6

5.7
40.9

4.7
26.5

129,704
39,507
344
38,771
2,329
-191
6,083

242,110
72,202
614
78,267
4,320
-8,518
18,579

276,404
97,135
792
114,803
8,666
-20,018
29,589

264,199
104,867
783
122,644
8,031
-20,110
30,584

277,670
82,551
862
91,219
5,279
-11,353
35,237

356,012
104,355
1,070
112,194
6,165
-10,117
38,175

392,634
122,985
1,158
134,696
8,375
-13,683
42,595

375,786
114,567
1,085
134,834
8,144
-24,069
43,995

63.7
19.4
9.9
38.0
0.6
24.2
1.9

66.5
19.8
6.9
29.7
0.6
38.7
2.8

71.4
25.1
5.0
34.7
0.4
42.7
3.1

64.9
25.8
5.8
37.4
0.4
44.9
3.0

93.6
27.8
5.4
27.5
0.3
45.6
4.6

98.1
28.7
6.0
21.2
1.1
37.3
4.1

93.7
29.3
5.3
17.8
1.3
37.0
3.8

120.0
36.6
7.9
20.3
2.0
32.0
3.9

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term public and publicly guaranteed and long-term private nonguaranteed debt data are World Bank staff estimates based on reports provided by the
country.

145

SRI LANKA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

9,173
8,236
685
112
253

11,472
9,997
992
0
483

14,468
12,473
1,632
0
363

15,710
13,345
2,087
0
278

17,833
14,642
1,849
0
1,341

21,125
17,392
1,813
0
1,920

24,003
19,747
1,931
0
2,325

25,382
20,377
1,887
0
3,118

8,236
7,868
6,928
940
368

9,997
9,609
8,982
627
388

12,473
11,834
10,372
1,462
639

13,345
12,611
11,285
1,327
734

14,642
13,676
11,933
1,743
967

17,392
16,473
13,603
2,870
919

19,747
18,734
14,793
3,941
1,013

20,377
20,374
15,878
4,497
3

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

732
563
348
215
169

929
818
670
149
111

1,698
1,524
754
769
174

1,238
1,083
789
293
156

2,209
1,822
1,160
662
387

3,086
2,989
1,805
1,183
97

2,990
2,746
1,607
1,138
244

3,312
3,312
2,143
1,169
0

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

453
439
216
223
14

228
209
123
86
19

534
506
449
57
28

804
743
518
224
61

967
812
555
257
154

715
570
507
64
145

805
651
587
64
154

1,200
1,199
604
595
0

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

213
178
125
54
35

106
84
65
19
22

218
191
164
27
26

286
251
178
73
35

325
285
227
58
40

616
596
308
288
20

448
405
268
137
43

515
515
292
223
0

-25
45
-70
148
-7
155
-218

1,160
661
499
155
63
92
344

1,935
300
1,636
859
713
146
777

811
193
619
164
69
95
455

1,545
1,145
399
637
405
233
-238

2,931
1,895
1,036
1,072
1,120
-48
-36

2,725
1,443
1,283
1,165
1,075
90
118

2,854
2,325
529
574
574
0
-44

173
..

272
-216

603
-322

752
-488

404
-382

478
-1,049

956
-171

898
305

..
38.4

7.8
40.8

9.5
44.3

9.2
40.4

9.5
42.7

8.0
47.7

6.9
51.7

6.9
56.8

16,016
6,527
1,166
8,554
109
-1,044
1,039

24,107
7,963
1,976
10,441
115
-650
2,650

31,997
9,864
2,507
13,575
349
-1,401
3,380

39,744
10,338
2,925
16,889
470
-3,885
2,469

41,581
9,099
3,337
12,318
230
-215
4,616

48,948
11,423
4,123
16,159
303
-1,075
6,710

58,535
14,109
5,153
23,368
385
-4,615
6,248

58,258
13,802
6,000
23,198
445
-4,003
6,378

140.5
57.3
12.1
7.5
37.2
11.3
1.5

144.1
47.6
5.3
8.6
39.7
23.1
3.0

146.7
45.2
8.5
11.3
37.1
23.4
3.0

152.0
39.5
11.9
13.3
35.4
15.7
1.8

196.0
42.9
15.6
10.4
32.9
25.9
4.5

184.9
43.2
12.3
8.6
28.8
31.8
5.0

170.1
41.0
9.4
8.0
26.4
26.0
3.2

183.9
43.6
13.3
7.4
26.1
25.1
3.3

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

146

ST. LUCIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

222.2
153.5
67.8
0.0
1.0

415.7
238.6
176.0
0.0
1.1

474.9
300.4
173.3
0.3
1.2

832.4
316.3
514.9
0.9
1.1

433.1
314.9
84.6
2.6
33.6

579.6
321.3
225.3
5.3
33.0

451.0
309.9
99.9
3.9
41.2

472.8
289.0
142.6
1.6
41.2

153.5
153.5
120.7
32.8
..

238.6
238.6
164.6
74.0
..

300.4
300.4
201.8
98.6
..

316.3
316.3
232.7
83.6
..

314.9
314.9
239.8
75.1
..

321.3
321.3
258.0
63.3
..

309.9
309.9
258.6
51.4
..

289.0
289.0
249.6
39.5
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

48.7
48.7
16.8
31.9
..

12.6
12.6
12.6
0.0
..

24.4
24.4
24.4
0.0
..

13.0
13.0
13.0
0.0
..

25.8
25.8
22.4
3.4
..

36.4
36.4
36.4
0.0
..

20.0
20.0
20.0
0.0
..

7.0
7.0
7.0
0.0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

20.9
20.9
11.7
9.2
..

14.2
14.2
9.5
4.7
..

26.4
26.4
14.5
11.9
..

32.4
32.4
17.5
15.0
..

27.8
27.8
16.0
11.9
..

29.9
29.9
18.0
11.9
..

31.4
31.4
19.6
11.9
..

28.0
28.0
16.1
11.9
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

6.4
6.4
5.2
1.2
..

12.8
12.8
6.3
6.5
..

14.9
14.9
6.2
8.7
..

15.1
15.1
8.3
6.9
..

13.4
13.4
7.4
6.1
..

10.6
10.6
7.4
3.2
..

11.3
11.3
6.7
4.6
..

10.5
10.5
6.4
4.1
..

40.3
5.1
35.2
22.7
22.7
..
12.5

65.4
3.1
62.3
-4.7
-4.7
..
67.0

54.1
10.0
44.1
-11.9
-11.9
..
56.0

321.6
-4.5
326.0
-15.0
-15.0
..
341.0

-423.4
17.1
-440.5
-8.5
-8.5
..
-432.0

144.5
18.4
126.1
-11.9
-11.9
..
138.0

-127.0
8.9
-135.9
-11.9
-11.9
..
-124.0

23.9
-9.2
33.1
-11.9
-11.9
..
45.0

53.7
..

78.2
..

271.9
..

161.2
..

146.4
..

121.3
..

112.4
..

109.4
..

..
55.0

6.6
69.0

8.1
67.5

6.0
71.1

5.6
71.4

4.3
73.4

3.8
72.8

3.6
70.6

719.9
380.6
26.4
494.2
33.4
-94.8
78.8

836.0
533.0
27.1
675.5
51.1
-129.5
116.4

1,057.2
469.5
28.6
827.8
45.1
-344.7
153.7

1,093.2
544.3
28.9
900.4
52.5
-339.9
142.8

1,121.7
560.5
28.0
709.6
35.3
-136.7
174.8

1,160.0
626.6
29.0
844.7
31.7
-202.8
206.3

1,195.4
588.4
29.4
852.0
12.0
-243.7
213.4

1,172.4
605.7
29.8
807.7
12.2
-184.4
232.0

58.4
30.9
7.9
30.5
44.8
35.5
1.9

78.0
49.7
6.0
42.3
34.7
28.0
2.1

101.1
44.9
10.0
36.5
35.8
32.4
2.2

152.9
76.1
10.6
61.9
24.7
17.2
1.9

77.3
38.6
7.7
19.5
49.8
40.4
3.0

92.5
50.0
7.4
38.9
40.9
35.6
2.9

76.7
37.7
7.7
22.2
52.7
47.3
3.0

78.1
40.3
6.9
30.2
47.9
49.1
3.4

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)
Notes:
Short-term debt is based on data from the BIS.

147

ST. VINCENT AND THE GRENADINES
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

195.1
163.3
31.4
0.4
0.5

252.6
247.8
4.3
4.3
0.5

201.9
199.8
1.6
1.6
0.6

204.6
203.9
0.2
0.2
0.5

222.0
203.2
0.5
0.5
18.3

273.4
255.5
0.0
0.0
17.9

282.8
259.8
0.0
0.0
23.0

266.9
243.9
0.0
0.0
23.0

163.3
163.3
104.8
58.5
0.0

247.8
247.8
114.8
133.0
0.0

199.8
199.8
135.1
64.7
0.0

203.9
203.9
133.3
70.6
0.0

203.2
203.2
143.3
59.8
0.0

255.5
255.5
206.7
48.7
0.0

259.8
259.8
222.0
37.8
0.0

243.9
243.9
218.5
25.4
0.0

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

8.5
8.5
8.5
0.0
0.0

42.4
42.4
12.4
30.0
0.0

15.4
15.4
15.4
0.0
0.0

23.4
23.4
7.4
16.0
0.0

20.2
20.2
20.2
0.0
0.0

76.2
76.2
76.2
0.0
0.0

25.9
25.9
25.9
0.0
0.0

10.3
10.3
10.3
0.0
0.0

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

6.1
6.1
5.7
0.4
0.0

15.5
15.5
7.7
7.7
0.0

18.3
18.3
7.1
11.3
0.0

18.7
18.7
8.6
10.1
0.0

21.4
21.4
10.6
10.7
0.0

22.7
22.7
11.6
11.1
0.0

21.4
21.4
10.5
10.9
0.0

26.3
26.3
13.9
12.4
0.0

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

5.1
5.1
3.3
1.8
0.0

8.2
8.2
3.5
4.7
0.0

9.5
9.5
3.6
5.9
0.0

10.7
10.7
5.6
5.1
0.0

9.7
9.7
4.4
5.4
0.0

8.7
8.7
4.4
4.3
0.0

8.9
8.9
5.4
3.4
0.0

7.2
7.2
4.4
2.8
0.0

1.6
2.8
-1.2
-0.4
-0.4
..
-0.8

26.9
4.6
22.3
22.3
22.3
..
..

-2.9
8.3
-11.3
-11.3
-11.3
..
..

4.7
-1.2
5.9
5.9
5.9
..
..

4.6
15.4
-10.7
-10.7
-10.7
..
..

53.5
64.6
-11.1
-11.1
-11.1
..
..

9.8
20.7
-10.9
-10.9
-10.9
..
..

-16.0
-3.6
-12.4
-12.4
-12.4
..
..

37.7
..

40.1
..

119.4
..

159.2
..

110.2
..

97.2
..

85.6
..

125.3
..

..
82.2

5.4
73.8

7.5
71.2

6.3
75.0

5.6
77.7

3.2
85.3

2.4
88.4

2.1
90.4

378.3
182.6
22.5
222.8
12.7
-23.9
55.2

521.8
208.9
22.4
329.2
22.1
-102.2
69.5

662.0
225.6
28.9
437.5
19.6
-191.7
87.0

672.6
220.3
26.8
463.8
18.1
-230.3
83.7

661.2
206.0
29.1
414.7
12.4
-197.3
87.8

668.7
195.9
29.1
414.1
11.0
-208.3
112.7

678.2
192.3
29.2
399.1
7.4
-198.9
89.6

700.9
201.7
29.7
424.9
7.7
-215.9
111.0

106.9
51.6
7.2
16.1
33.9
28.3
3.0

120.9
48.4
11.3
1.7
32.8
27.5
2.5

89.5
30.5
12.3
0.8
52.4
43.1
2.4

92.9
30.4
13.4
0.1
52.7
40.9
2.2

107.7
33.6
15.1
0.2
54.5
39.6
2.5

139.6
40.9
16.1
0.0
69.0
41.2
3.3

147.0
41.7
15.8
0.0
73.1
31.7
2.7

132.3
38.1
16.6
0.0
75.5
41.6
3.1

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt data are excluded since BIS data include debt liabilities of offshore centers located in the country. BIS short-term debt data for 2010, 2011, and
2012 are $482 million, $393 million, and $361 million respectively.

148

SUDAN
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

16,085
10,647
4,745
4,474
693

17,613
11,232
5,788
5,377
593

19,633
12,738
6,331
6,057
565

20,280
13,120
6,673
6,197
486

21,128
13,707
6,740
6,523
682

22,233
14,444
7,126
6,772
664

21,146
15,093
5,402
4,891
651

21,840
15,744
5,452
5,090
645

10,647
10,151
8,393
1,758
496

11,232
11,232
9,145
2,087
0

12,738
12,738
10,405
2,333
0

13,120
13,120
10,730
2,390
0

13,707
13,707
11,258
2,449
0

14,444
14,444
11,815
2,629
0

15,093
15,093
11,350
3,743
0

15,744
15,744
11,413
4,331
0

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

861
861
318
543
..

387
387
387
0
..

717
717
717
0
..

673
673
673
0
..

971
971
971
0
..

935
935
935
0
..

793
793
793
0
..

405
405
405
0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

143
143
143
0
..

291
291
291
0
..

216
216
216
0
..

219
219
219
0
..

362
362
362
0
..

397
397
397
0
..

416
416
416
0
..

313
313
313
0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

42
42
42
0
..

67
67
67
0
..

87
87
87
0
..

68
68
68
0
..

111
111
111
0
..

83
83
83
0
..

100
100
100
0
..

77
77
77
0
..

625
121
504
543
543
..
-39

76
67
9
0
0
..
9

379
441
-62
0
0
..
-62

591
389
202
0
0
..
202

339
598
-259
0
0
..
-259

669
532
137
0
0
..
137

524
367
157
0
0
..
157

-64
85
-149
0
0
..
-149

392
..

3,312
78

4,240
1

6,705
72

5,566
0

6,114
7

2,616
13

2,488
2

..
60.3

8.5
53.6

9.7
50.3

9.6
49.1

9.6
50.5

9.3
50.8

8.5
51.9

8.2
53.4

11,535
1,839
641
2,594
..
-518
138

25,190
5,051
704
8,904
1,099
-2,555
1,869

41,554
9,432
1,000
12,634
2,252
-2,622
1,378

48,722
12,167
1,591
14,809
4,312
-2,256
1,399

48,443
8,685
2,135
13,543
2,911
-3,846
1,094

59,579
11,790
1,100
14,601
3,224
-680
1,036

58,475
10,505
442
10,850
384
768
193

54,227
4,539
401
10,684
5
-5,282
193

874.8
139.4
13.5
29.5
12.2
0.9
0.6

348.7
69.9
7.9
32.9
14.6
10.6
2.5

208.1
47.2
4.0
32.2
15.9
7.0
1.3

166.7
41.6
3.0
32.9
16.2
6.9
1.1

243.3
43.6
5.6
31.9
15.7
5.2
1.0

188.6
37.3
4.2
32.0
15.0
4.7
0.9

201.3
36.2
5.1
25.5
16.5
0.9
0.2

481.2
40.3
8.9
25.0
15.9
0.9
0.2

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Data include South Sudan. Long-term public and publicly guaranteed debt data exclude penalty interest. Short-term debt is based on data from the BIS.

149

SWAZILAND
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

273.2
262.9
1.8
0.0
8.4

451.6
362.3
80.1
15.1
9.2

414.4
368.8
35.5
5.5
10.2

436.7
354.8
72.0
15.0
9.9

493.3
390.6
27.0
25.0
75.7

689.6
384.6
230.7
35.7
74.4

634.7
359.6
201.0
48.0
74.1

460.3
320.1
66.0
41.0
74.2

262.9
262.9
243.1
19.8
..

362.3
362.3
338.6
23.7
..

368.8
368.8
346.7
22.0
..

354.8
354.8
338.7
16.1
..

390.6
390.6
370.3
20.3
..

384.6
384.6
362.0
22.6
..

359.6
359.6
341.2
18.4
..

320.1
320.1
302.5
17.6
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

15.8
15.8
15.8
0.0
..

51.1
51.1
51.1
0.0
..

12.4
12.4
12.4
0.0
..

56.3
56.3
56.3
0.0
..

33.2
33.2
33.2
0.0
..

8.0
8.0
8.0
0.0
..

28.6
28.6
28.6
0.0
..

3.1
3.1
3.1
0.0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

12.4
12.4
12.4
0.0
..

18.1
18.1
18.1
0.0
..

22.4
22.4
22.4
0.0
..

33.6
33.6
33.6
0.0
..

28.4
28.4
28.4
0.0
..

27.3
27.3
27.3
0.0
..

25.6
25.6
25.6
0.0
..

34.4
34.4
34.4
0.0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

16.1
16.1
10.2
5.9
..

13.6
13.6
10.5
3.2
..

23.4
23.4
20.5
2.9
..

18.8
18.8
16.3
2.5
..

15.8
15.8
14.6
1.2
..

13.0
13.0
13.0
0.0
..

13.8
13.8
13.8
0.0
..

15.1
15.1
12.7
2.4
..

-47.5
3.4
-50.9
0.0
0.0
..
-50.9

54.1
33.1
21.0
0.0
0.0
..
21.0

-11.0
-10.0
-1.0
0.0
0.0
..
-1.0

49.7
22.7
27.0
0.0
0.0
..
27.0

-50.2
4.8
-55.0
0.0
0.0
..
-55.0

173.8
-19.2
193.0
0.0
0.0
..
193.0

-39.0
3.0
-42.0
0.0
0.0
..
-42.0

-159.3
-31.3
-128.0
0.0
0.0
..
-128.0

90.7
1.4

-45.9
0.8

37.5
1.0

105.7
43.9

65.7
-6.6

135.7
4.7

93.2
..

89.6
..

..
10.4

11.6
16.5

12.2
14.5

18.2
14.1

17.5
15.6

15.5
14.9

15.0
16.9

15.2
18.5

1,558.7
1,376.4
56.9
1,522.9
65.9
-45.9
351.8

2,762.4
2,075.9
95.4
2,276.0
44.0
-102.6
243.9

3,094.9
2,399.7
95.1
2,659.2
160.0
-65.5
774.2

3,014.6
2,042.3
89.6
2,483.4
252.7
-231.2
751.9

3,085.4
2,066.2
93.5
2,672.4
352.5
-414.3
958.9

3,465.0
2,275.3
54.7
3,063.4
401.6
-388.3
756.3

3,718.3
2,267.9
..
3,127.8
..
-352.8
600.5

3,456.2
2,268.6
..
3,085.6
..
128.0
741.0

19.8
17.5
2.2
0.7
54.9
128.8
2.8

21.8
16.3
1.7
17.7
53.0
54.0
1.3

17.3
13.4
2.0
8.6
60.8
186.8
3.5

21.4
14.5
2.7
16.5
55.2
172.2
3.6

23.9
16.0
2.2
5.5
51.6
194.4
4.3

30.3
19.9
1.9
33.4
34.7
109.7
3.0

28.0
17.1
1.9
31.7
36.2
94.6
2.3

20.3
13.3
2.2
14.3
46.4
161.0
2.9

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)
Notes:
Short-term debt is based on data from the BIS.

150

SYRIAN ARAB REPUBLIC
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

22,203
16,464
5,692
2,372
48

5,583
5,025
506
193
52

5,683
4,976
649
142
58

5,374
4,737
581
145
56

5,674
4,480
756
206
438

5,263
4,276
558
217
430

4,968
3,998
542
218
429

4,736
3,948
359
316
429

16,464
16,464
15,502
962
..

5,025
5,025
5,025
0
..

4,976
4,976
4,976
0
..

4,737
4,737
4,737
0
..

4,480
4,480
4,480
0
..

4,276
4,276
4,276
0
..

3,998
3,998
3,998
0
..

3,948
3,948
3,948
0
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

18
18
18
0
..

189
189
189
0
..

425
425
425
0
..

282
282
282
0
..

281
281
281
0
..

286
286
286
0
..

222
222
222
0
..

0
0
0
0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

239
239
224
16
..

439
439
428
11
..

546
546
546
0
..

560
560
560
0
..

499
499
499
0
..

508
508
508
0
..

509
509
509
0
..

0
0
0
0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

127
127
126
1
..

110
110
110
0
..

114
114
114
0
..

125
125
125
0
..

119
119
119
0
..

111
111
111
0
..

109
109
109
0
..

0
0
0
0
..

-826
-205
-621
-16
-16
..
-605

-357
-239
-118
-11
-11
..
-107

-8
-121
113
0
0
..
113

-350
-279
-71
0
0
..
-71

-104
-218
114
0
0
..
114

-430
-221
-209
0
0
..
-209

-304
-287
-17
0
0
..
-17

-281
..
-281
0
0
..
-281

270
..

500
..

1,242
..

1,466
..

2,570
..

1,469
..

..
..

..
..

..
84.1

12.4
49.1

21.6
36.6

22.4
33.3

26.1
31.0

27.3
28.6

27.0
26.7

27.9
27.0

18,446
7,190
180
6,614
..
1,061
126

27,980
11,907
823
12,359
1,220
299
17,347

39,716
16,211
1,030
16,572
1,085
460
17,013

51,433
20,289
1,325
20,967
1,527
472
17,062

52,828
16,026
1,350
18,118
1,301
-1,030
17,398

57,266
19,919
1,623
21,235
1,684
-367
19,465

..
..
..
..
..
..
..

70,501
..
..
..
..
..
..

308.8
120.4
6.8
25.6
2.6
0.6
0.2

46.9
20.0
4.8
9.1
18.2
310.7
16.8

35.1
14.3
4.2
11.4
26.6
299.4
12.3

26.5
10.4
3.4
10.8
28.7
317.5
9.8

35.4
10.7
3.9
13.3
29.2
306.6
11.5

26.4
9.2
3.1
10.6
32.2
369.8
11.0

..
..
..
10.9
32.8
..
..

..
6.7
..
7.6
34.7
..
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term public and publicly guaranteed debt data are World Bank staff estimates. Short-term debt is based on data from the BIS.

151

TAJIKISTAN
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

1,141
846
77
45
218

1,121
850
27
2
244

1,344
1,096
72
0
176

2,493
2,261
90
0
142

2,666
2,423
74
0
170

3,082
2,734
122
0
227

3,323
2,948
129
0
246

3,648
3,346
16
16
287

846
755
704
51
91

850
826
817
8
24

1,096
1,063
1,063
0
33

2,261
1,374
1,374
0
887

2,423
1,606
1,606
0
816

2,734
1,806
1,806
0
927

2,948
1,969
1,969
0
979

3,346
2,007
2,007
0
1,339

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

37
36
36
0
1

108
105
105
0
2

264
250
250
0
14

379
356
356
0
24

518
211
211
0
307

924
251
251
0
673

725
202
202
0
523

560
109
109
0
451

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

28
15
15
0
12

42
37
37
0
5

39
29
29
0
11

64
52
52
0
12

409
35
35
0
374

630
37
37
0
593

513
34
34
0
479

334
74
74
0
261

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

21
7
4
4
14

10
9
9
0
1

20
18
18
0
2

28
26
26
0
2

41
24
24
0
17

54
23
23
0
31

64
28
28
0
36

94
30
30
0
63

-4
36
-40
-11
0
-11
-29

23
84
-61
-3
0
-3
-58

267
221
46
3
0
3
43

302
273
29
12
0
12
18

119
202
-83
-67
0
-67
-16

401
274
127
80
0
80
47

240
188
52
44
0
44
7

137
76
61
190
0
190
-129

24
..

54
..

360
..

376
..

16
..

-16
..

67
..

198
..

..
97.9

6.1
86.3

3.9
86.2

2.8
86.3

2.8
82.9

2.6
81.4

2.7
81.0

2.8
79.2

824
..
..
..
..
..
93

2,234
1,264
467
1,733
2
-19
168

3,634
1,728
1,691
3,780
26
-495
40

5,108
1,776
2,544
4,227
4
48
104

4,907
1,225
1,748
3,141
5
-180
175

5,571
899
2,306
3,458
9
-370
324

6,441
1,198
3,060
4,319
7
-171
289

6,919
1,684
3,626
5,383
33
-248
298

..
138.4
..
6.8
16.3
8.1
..

88.7
50.2
5.8
2.4
46.3
15.0
1.2

77.8
37.0
3.7
5.4
49.6
3.0
0.1

140.3
48.8
7.1
3.6
29.4
4.2
0.3

217.6
54.3
38.0
2.8
31.1
6.5
0.7

342.8
55.3
76.3
3.9
30.7
10.5
1.1

277.4
51.6
48.3
3.9
29.3
8.7
0.8

216.6
52.7
25.5
0.4
26.9
8.2
0.7

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is based on data from the BIS. Data include MDRI debt relief.

152

TANZANIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

7,183
5,969
849
647
364

8,400
7,006
1,006
615
387

5,057
3,925
1,065
628
67

6,012
4,600
1,346
763
66

7,624
5,656
1,341
836
628

8,987
6,824
1,515
908
647

9,940
7,686
1,611
989
643

11,581
8,830
2,110
1,054
641

5,969
5,969
5,776
194
..

7,006
6,446
6,341
105
560

3,925
3,181
3,079
102
744

4,600
3,711
3,613
98
889

5,656
4,640
4,522
118
1,016

6,824
5,601
5,488
113
1,224

7,686
6,438
6,030
408
1,248

8,830
7,366
6,761
604
1,465

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

211
211
206
5
..

466
466
447
19
0

649
649
646
3
0

523
523
523
0
0

1,065
919
889
30
146

1,254
1,038
1,021
17
216

1,179
872
568
304
307

978
794
791
2
184

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

94
94
77
17
..

31
31
31
0
0

20
20
19
1
0

22
13
13
0
9

105
26
13
13
79

131
52
35
17
79

76
33
26
7
44

78
35
27
7
43

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

51
51
49
2
..

44
42
42
0
2

26
23
22
1
2

27
21
21
0
6

45
27
24
3
18

50
32
31
2
17

53
39
36
3
14

60
43
39
4
17

205
172
33
-12
-12
..
44

459
378
81
19
19
0
62

665
632
33
2
2
0
31

647
510
137
-9
0
-9
146

1,188
1,182
6
84
17
67
-78

1,255
1,016
239
137
0
137
102

1,116
540
576
561
297
264
15

1,331
761
569
135
-5
140
434

463
..

936
3

582
3

1,383
3

953
3

1,840
3

1,229
3

1,707
4

..
51.9

2.9
54.1

6.6
40.1

5.6
41.2

4.6
44.5

3.5
48.1

2.9
50.3

2.5
51.6

10,114
1,411
8
2,230
13
-428
974

13,836
3,053
19
4,641
319
-1,093
2,049

16,666
4,210
25
6,664
309
-1,715
2,886

20,425
5,700
37
9,111
318
-2,577
2,863

21,093
5,314
40
8,015
342
-1,810
3,470

22,607
6,530
55
9,541
365
-1,960
3,905

23,609
7,582
78
12,477
309
-3,992
3,726

27,989
8,675
67
13,106
268
-3,640
4,052

509.0
71.0
11.9
11.8
45.5
13.6
5.2

275.2
60.7
4.4
12.0
58.0
24.4
5.3

120.1
30.3
1.6
21.1
43.1
57.1
5.2

105.5
29.4
1.1
22.4
44.5
47.6
3.8

143.5
36.1
3.1
17.6
46.9
45.5
5.2

137.6
39.8
3.0
16.9
48.7
43.4
4.9

131.1
42.1
1.9
16.2
47.9
37.5
3.6

133.5
41.4
1.9
18.2
47.0
35.0
3.7

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term public and publicly guaranteed debt data include debt liabilities of Zanzibar. Long-term private nonguaranteed debt data from 2004 to 2007 are
World Bank staff estimates and from 2008 are reported by Central Bank. Short-term debt is based on data from the BIS. Data include the effects of HIPC and
MDRI debt relief.

153

THAILAND
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

79,830
61,778
14,880
0
3,172

58,600
42,465
16,014
0
121

62,741
44,312
18,295
0
134

66,583
45,997
20,455
4
130

77,187
45,981
29,685
8
1,521

102,552
54,172
46,886
2
1,494

107,609
61,132
44,988
5
1,490

134,223
75,764
56,968
2
1,491

61,778
29,463
20,820
8,643
32,316

42,465
17,585
7,862
9,723
24,880

44,312
14,812
6,297
8,515
29,500

45,997
14,659
6,947
7,711
31,338

45,981
14,707
6,468
8,239
31,274

54,172
21,172
6,843
14,329
33,000

61,132
26,445
6,865
19,580
34,687

75,764
34,731
6,327
28,403
41,033

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

4,031
3,031
2,156
876
1,000

17,083
2,521
434
2,086
14,562

18,630
274
274
0
18,356

13,526
1,638
74
1,564
11,888

12,989
1,716
76
1,640
11,273

16,838
6,442
160
6,282
10,396

17,452
6,128
493
5,635
11,324

29,509
9,735
735
9,000
19,775

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

8,945
3,010
1,666
1,344
5,935

16,464
2,709
2,321
388
13,755

20,333
1,845
1,178
667
18,488

15,417
2,721
819
1,902
12,696

11,313
1,590
468
1,122
9,723

9,386
803
534
269
8,582

8,815
1,197
779
418
7,618

9,516
757
619
137
8,760

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

3,776
1,577
1,008
569
2,199

1,074
437
234
202
637

882
320
150
170
562

1,091
255
121
134
836

1,085
231
112
119
855

1,075
230
113
118
845

1,176
263
114
149
913

1,354
409
111
298
944

-13,649
292
-13,942
-5,404
-469
-4,935
-8,538

5,145
-1,886
7,031
2,505
1,698
807
4,526

-1,219
-904
-316
-799
-667
-131
483

265
-744
1,009
-1,147
-339
-808
2,156

10,902
-392
11,294
2,068
518
1,550
9,226

24,659
-374
25,033
7,826
6,012
1,813
17,207

6,736
-285
7,022
8,923
5,217
3,706
-1,901

31,976
115
31,861
19,878
8,863
11,015
11,983

3,366
900

8,055
5,121

11,327
4,268

8,538
-3,802

4,854
1,695

9,104
3,215

9,005
-406

10,689
2,663

..
46.3

1.6
52.3

1.9
54.5

1.6
53.4

1.5
52.9

0.8
65.2

0.5
73.2

0.3
82.2

120,809
85,997
1,697
77,269
..
9,313
32,016

167,799
131,744
1,187
143,591
10,812
-7,647
50,691

237,961
187,047
1,635
176,962
14,286
15,678
85,221

262,864
214,536
1,898
218,993
15,171
2,211
108,661

253,430
186,028
2,776
169,485
13,283
21,891
135,483

305,181
231,029
3,580
227,130
18,845
9,946
167,530

333,324
267,630
4,554
274,331
18,658
4,134
167,389

351,347
283,282
4,713
296,929
22,596
-1,431
173,328

92.8
66.1
16.3
18.6
6.7
40.1
5.0

44.5
34.9
13.7
27.3
1.4
86.5
4.2

33.5
26.4
11.8
29.2
0.5
135.8
5.8

31.0
25.3
7.9
30.7
0.4
163.2
6.0

41.5
30.5
6.8
38.5
0.3
175.5
9.6

44.4
33.6
4.7
45.7
0.2
163.4
8.9

40.2
32.3
3.9
41.8
0.2
155.6
7.3

47.4
38.2
4.1
42.4
0.4
129.1
7.0

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt data for 2012 are World Bank staff estimates based on creditors and market data.

154

TOGO
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

1,446.0
1,229.6
132.5
62.6
83.8

1,686.9
1,439.5
217.7
166.7
29.7

1,969.9
1,640.6
310.3
234.3
19.1

1,641.7
1,468.8
107.8
23.8
65.0

1,730.1
1,481.9
47.0
30.0
201.2

1,284.6
1,004.2
38.9
9.9
241.5

629.4
369.4
5.8
2.8
254.2

754.1
450.0
49.6
3.6
254.5

1,229.6
1,229.6
1,229.6
0.0
..

1,439.5
1,439.5
1,439.5
0.0
..

1,640.6
1,640.6
1,640.6
0.0
..

1,468.8
1,468.8
1,468.8
0.0
..

1,481.9
1,481.9
1,481.9
0.0
..

1,004.2
1,004.2
1,004.2
0.0
..

369.4
369.4
369.4
0.0
..

450.0
450.0
450.0
0.0
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

24.4
24.4
24.4
0.0
..

9.9
9.9
9.9
0.0
..

3.1
3.1
3.1
0.0
..

2.2
2.2
2.2
0.0
..

34.6
34.6
34.6
0.0
..

82.8
82.8
82.8
0.0
..

30.0
30.0
30.0
0.0
..

126.6
126.6
126.6
0.0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

9.9
9.9
9.9
0.0
..

7.9
7.9
7.9
0.0
..

3.8
3.8
3.8
0.0
..

140.1
140.1
140.1
0.0
..

39.5
39.5
39.5
0.0
..

28.3
28.3
28.3
0.0
..

10.0
10.0
10.0
0.0
..

13.0
13.0
13.0
0.0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

4.6
4.6
4.6
0.0
..

0.3
0.3
0.3
0.0
..

1.5
1.5
1.5
0.0
..

51.3
51.3
51.3
0.0
..

13.1
13.1
13.1
0.0
..

8.0
8.0
8.0
0.0
..

4.6
4.6
4.6
0.0
..

9.3
9.3
9.3
0.0
..

-44.3
5.1
-49.4
0.0
0.0
..
-49.4

15.8
-9.2
25.0
0.0
0.0
..
25.0

43.7
-7.3
51.0
0.0
0.0
..
51.0

-82.2
-90.2
8.0
0.0
0.0
..
8.0

-30.6
36.4
-67.0
0.0
0.0
..
-67.0

110.2
98.2
12.0
0.0
0.0
..
12.0

7.9
33.9
-26.0
0.0
0.0
..
-26.0

156.7
113.7
43.0
0.0
0.0
..
43.0

41.9
6.1

96.0
16.0

62.3
6.3

50.7
1.4

46.1
2.1

124.9
4.5

171.0
..

166.3
..

..
52.5

18.7
49.7

20.4
46.9

15.1
58.6

15.3
58.5

7.0
62.9

11.7
39.5

8.2
47.3

1,265.3
456.5
34.2
664.1
17.2
-139.6
140.9

2,079.9
857.3
192.5
1,249.0
47.2
-203.9
191.5

2,493.2
974.2
284.4
1,468.9
44.0
-215.8
438.1

2,794.2
1,216.8
337.1
1,762.6
51.5
-222.0
581.8

2,803.4
1,265.0
334.5
1,777.3
41.5
-176.7
703.2

2,761.6
1,395.8
336.6
1,951.3
67.0
-199.7
714.9

3,197.5
..
..
..
..
..
774.3

3,331.3
..
..
..
..
..
441.6

316.7
114.3
6.6
9.2
53.0
9.7
2.5

196.8
81.1
2.5
12.9
52.1
11.4
1.8

202.2
79.0
1.6
15.8
50.5
22.2
3.6

134.9
58.8
16.0
6.6
51.6
35.4
4.0

136.8
61.7
4.3
2.7
47.9
40.6
4.7

92.0
46.5
2.6
3.0
66.2
55.7
4.4

..
19.7
..
0.9
33.5
123.0
..

..
22.6
..
6.6
27.2
58.6
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt is based on data from the BIS. Data include the effects of Paris Club debt restructuring agreement and HIPC and MDRI debt relief.

155

TONGA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

73.8
65.0
0.2
0.2
8.6

89.0
79.5
0.1
0.1
9.4

96.9
86.5
0.0
0.0
10.4

99.0
88.8
0.0
0.0
10.1

114.9
104.6
0.0
0.0
10.3

153.7
143.5
0.0
0.0
10.1

190.6
180.5
0.0
0.0
10.1

197.4
187.2
0.0
0.0
10.1

65.0
65.0
65.0
0.0
..

79.5
79.5
79.5
0.0
..

86.5
86.5
86.5
0.0
..

88.8
88.8
88.8
0.0
..

104.6
104.6
103.7
0.9
..

143.5
143.5
142.4
1.1
..

180.5
180.5
180.0
0.4
..

187.2
187.2
186.9
0.3
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

5.4
5.4
5.4
0.0
..

4.5
4.5
4.5
0.0
..

4.5
4.5
4.5
0.0
..

8.5
8.5
8.5
0.0
..

17.4
17.4
16.5
0.8
..

40.9
40.9
40.7
0.2
..

36.9
36.9
36.9
0.0
..

9.9
9.9
9.9
0.0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

3.7
3.7
2.4
1.3
..

3.7
3.7
3.7
0.0
..

3.6
3.6
3.6
0.0
..

3.7
3.7
3.7
0.0
..

2.4
2.4
2.4
0.0
..

2.7
2.7
2.6
0.1
..

3.3
3.3
3.3
0.0
..

3.4
3.4
3.3
0.2
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

0.9
0.9
0.8
0.1
..

1.2
1.2
1.2
0.0
..

1.1
1.1
1.1
0.0
..

1.7
1.7
1.7
0.0
..

1.4
1.4
1.4
0.0
..

2.4
2.4
2.3
0.1
..

2.6
2.6
2.6
0.0
..

2.9
2.9
2.9
0.0
..

1.8
3.0
-1.3
-1.3
-1.3
..
..

0.9
0.9
0.0
0.0
0.0
..
..

0.9
0.9
0.0
0.0
0.0
..
..

4.8
4.8
0.0
0.0
0.0
..
..

14.9
14.2
0.8
0.8
0.8
..
..

38.2
38.1
0.1
0.1
0.1
..
..

33.6
33.7
0.0
0.0
0.0
..
..

6.5
6.6
-0.2
-0.2
-0.2
..
..

4.8
..

7.2
..

27.7
..

4.2
..

0.0
..

7.3
..

19.2
..

6.6
..

..
4.8

7.3
28.0

3.6
35.1

0.1
33.8

0.1
30.3

0.0
21.4

0.0
16.6

..
15.5

191.0
..
..
..
..
..
24.6

264.7
59.0
68.6
156.8
..
-21.3
46.9

308.2
51.0
101.0
181.3
..
-19.4
65.2

354.4
59.8
93.7
222.2
0.0
-66.0
69.8

324.9
51.9
71.4
192.7
0.0
-54.2
95.7

372.7
55.0
..
160.5
..
-26.9
104.5

438.8
65.0
..
193.1
..
-38.0
143.3

482.5
80.9
..
177.3
..
-31.6
152.4

..
38.6
..
0.3
72.4
33.4
..

151.0
33.6
8.8
0.1
75.4
52.6
3.6

189.8
31.4
9.8
..
77.7
67.3
4.3

165.5
27.9
9.3
..
72.9
70.5
3.8

221.4
35.4
7.4
..
63.5
83.3
6.0

279.5
41.2
9.2
0.0
46.0
68.0
7.8

293.0
43.4
9.1
0.0
35.7
75.2
8.9

243.9
40.9
7.8
0.0
33.1
77.2
10.3

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

156

TUNISIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

11,355
9,688
1,590
0
77

17,926
14,742
3,135
0
49

20,504
16,466
3,984
0
54

21,378
16,998
4,327
0
53

22,688
17,459
4,801
0
428

22,472
17,073
4,979
0
420

22,849
17,481
4,949
0
419

25,475
18,826
6,230
0
419

Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

9,688
8,888
6,093
2,795
800

14,742
13,001
8,421
4,580
1,741

16,466
14,517
9,566
4,950
1,949

16,998
14,451
9,286
5,165
2,547

17,459
14,852
9,979
4,873
2,607

17,073
14,671
10,220
4,451
2,402

17,481
15,138
11,502
3,636
2,343

18,826
16,782
12,714
4,068
2,044

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1,542
1,242
709
533
300

1,256
1,126
843
283
130

1,625
1,436
1,103
333
189

1,225
915
831
84
310

1,548
1,371
1,315
56
177

1,642
1,545
1,507
39
97

2,466
2,379
2,352
26
87

3,417
3,361
2,047
1,314
56

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1,296
1,264
662
602
32

1,187
1,129
873
255
58

1,588
1,493
1,099
393
95

1,170
1,057
958
99
112

1,350
1,233
837
396
117

1,617
1,397
887
510
220

1,905
1,759
860
899
146

1,897
1,607
878
729
290

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

489
479
297
182
10

686
584
334
249
102

743
619
356
264
123

745
630
366
264
115

700
598
335
263
102

670
546
309
237
124

678
559
330
230
119

610
500
342
158
110

258
7
251
199
-69
268
52

-141
-31
-111
99
27
72
-210

664
3
661
34
-60
94
627

399
-126
525
182
-16
198
343

673
478
195
-280
-340
60
474

203
619
-417
-594
-471
-123
177

531
1,492
-961
-931
-872
-59
-29

2,800
1,169
1,631
351
585
-234
1,280

752
-18

713
12

1,515
30

2,601
-39

1,525
-89

1,334
-26

433
-44

1,554
-15

..
30.0

40.1
20.3

50.1
14.3

48.4
12.9

49.0
12.6

49.0
12.4

45.1
15.2

45.3
16.3

20,525
8,701
796
10,347
468
-821
1,811

30,645
14,884
1,393
16,495
962
-299
4,437

36,825
20,527
1,716
23,063
1,523
-917
7,851

42,244
25,602
1,977
29,235
1,958
-1,711
8,849

41,370
20,133
1,964
23,318
1,588
-1,234
11,057

42,121
22,556
2,063
26,595
1,658
-2,104
9,459

44,116
22,950
2,004
28,235
1,716
-3,386
7,454

43,638
22,600
2,266
28,523
1,533
-3,773
8,357

130.5
55.3
21.9
14.0
30.6
15.9
2.1

120.4
58.5
13.7
17.5
30.9
24.8
3.2

99.9
55.7
12.3
19.4
30.7
38.3
4.1

83.5
50.6
7.9
20.2
28.0
41.4
3.6

112.7
54.8
10.5
21.2
29.0
48.7
5.7

99.6
53.4
10.4
22.2
30.2
42.1
4.3

99.6
51.8
11.5
21.7
33.5
32.6
3.2

112.7
58.4
11.5
24.5
34.4
32.8
3.5

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt data from 2008 to 2012 are World Bank staff estimates based on reports provided by the country.

157

TURKEY
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

116,787
83,552
28,912
0
4,323

172,131
118,408
38,916
0
14,807

258,443
207,959
43,148
0
7,336

288,978
227,759
52,522
0
8,697

277,270
218,639
48,993
0
9,638

299,183
214,580
77,326
0
7,277

305,481
219,026
81,934
0
4,521

337,492
234,150
100,832
0
2,510

Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

83,552
55,724
12,537
43,187
27,828

118,408
62,965
12,435
50,530
55,443

207,959
81,096
17,083
64,013
126,863

227,759
82,313
19,719
62,595
145,446

218,639
85,609
23,109
62,500
133,030

214,580
91,501
26,427
65,074
123,080

219,026
94,759
28,221
66,538
124,267

234,150
98,922
29,416
69,506
135,228

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

22,949
14,069
2,393
11,676
8,881

41,260
7,756
1,001
6,754
33,504

72,632
13,300
3,119
10,181
59,332

65,149
10,679
3,850
6,829
54,470

39,688
9,842
4,749
5,093
29,846

48,617
14,578
5,561
9,017
34,039

54,358
11,049
4,008
7,042
43,308

64,378
12,268
2,940
9,328
52,110

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

13,744
6,268
1,745
4,523
7,476

24,649
7,957
1,653
6,303
16,693

31,717
6,491
1,674
4,816
25,226

40,169
7,736
1,570
6,166
32,433

49,657
6,469
1,650
4,819
43,188

45,489
6,013
1,788
4,225
39,476

38,665
5,010
1,714
3,296
33,654

41,206
5,571
1,739
3,832
35,635

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

5,000
3,467
659
2,807
1,533

6,396
4,471
596
3,875
1,925

10,300
5,288
661
4,626
5,013

11,396
5,169
703
4,466
6,227

10,421
4,785
650
4,135
5,635

8,703
4,526
488
4,038
4,177

12,006
4,594
580
4,014
7,412

8,541
4,752
611
4,141
3,789

18,017
4,020
13,997
8,557
7,152
1,405
5,440

19,346
-5,972
25,317
17,262
451
16,811
8,055

37,191
-2,572
39,763
39,470
5,365
34,106
293

35,941
3,868
32,073
22,700
663
22,037
9,374

-14,203
2,392
-16,596
-13,067
274
-13,342
-3,529

29,290
1,602
27,688
-645
4,792
-5,437
28,333

17,494
-513
18,007
13,399
3,745
9,654
4,608

40,067
-803
40,870
21,972
5,497
16,475
18,898

982
489

10,031
5,669

22,047
5,138

19,760
716

8,663
2,827

9,036
3,468

16,047
-986

12,519
6,274

..
58.0

24.0
71.3

27.2
69.0

27.8
67.5

30.0
65.5

31.6
63.2

31.8
60.6

31.4
60.7

262,566
53,189
4,560
67,873
279
-9,920
22,488

477,141
109,975
887
132,878
1,051
-21,449
50,579

640,031
151,809
1,248
191,815
2,213
-37,781
73,384

721,974
184,839
1,476
227,409
2,953
-40,438
70,428

606,354
150,653
1,050
165,230
2,929
-12,168
70,874

724,027
161,919
993
208,889
2,867
-45,447
80,713

766,862
188,423
1,087
265,273
2,924
-75,092
78,322

782,277
212,052
1,015
261,185
2,193
-47,750
99,943

219.6
44.5
38.9
24.8
4.9
19.3
4.0

156.5
36.1
37.4
22.6
4.4
29.4
4.6

170.2
40.4
32.4
16.7
4.7
28.4
4.6

156.3
40.0
30.2
18.2
4.8
24.4
3.7

184.0
45.7
41.6
17.7
6.1
25.6
5.1

184.8
41.3
36.6
25.8
6.6
27.0
4.6

162.1
39.8
29.9
26.8
7.0
25.6
3.5

159.2
43.1
26.1
29.9
6.9
29.6
4.6

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term public and publicly guaranteed debt data include nonresident deposits made under the Dresdner Bank scheme, amounting to $6.1 billion at end-2012.

158

TURKMENISTAN
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

2,609.3
2,288.1
230.3
5.0
91.0

1,157.8
911.0
147.0
5.0
99.8

853.7
649.9
93.5
3.5
110.3

745.7
587.4
50.8
0.8
107.5

661.5
477.2
74.8
0.8
109.5

529.1
366.8
54.8
0.8
107.5

454.3
299.3
47.8
0.8
107.2

492.4
293.3
91.8
0.8
107.3

2,288.1
2,271.3
838.6
1,432.7
16.7

911.0
877.8
685.9
192.0
33.1

649.9
648.2
523.4
124.8
1.8

587.4
586.8
500.2
86.5
0.6

477.2
463.3
409.5
53.9
13.9

366.8
359.5
341.6
17.8
7.4

299.3
265.5
265.5
0.0
33.8

293.3
270.6
270.6
0.0
22.7

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

430.1
420.9
292.6
128.3
9.2

89.0
24.9
24.9
0.0
64.1

38.9
38.9
38.9
0.0
0.0

25.9
25.6
25.6
0.0
0.3

35.2
22.4
22.4
0.0
12.8

25.5
17.9
17.9
0.0
7.5

44.4
13.6
13.6
0.0
30.9

45.6
45.6
45.6
0.0
0.0

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

353.0
347.4
44.0
303.4
5.5

261.4
189.1
112.6
76.5
72.3

166.3
164.3
124.6
39.7
2.0

140.8
139.3
104.3
35.0
1.5

146.4
146.4
112.4
34.0
0.0

142.8
129.8
96.7
33.1
13.0

120.9
118.4
100.0
18.4
2.5

48.4
37.1
37.1
0.0
11.3

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

101.9
101.2
27.8
73.4
0.7

39.1
37.3
23.9
13.4
1.8

29.8
29.6
19.8
9.7
0.3

26.7
26.6
20.1
6.6
0.1

17.6
17.1
14.3
2.8
0.4

10.8
10.3
9.6
0.8
0.4

9.6
9.0
8.7
0.3
0.6

7.2
7.1
7.1
0.0
0.1

-1.6
248.6
-250.2
-171.5
-175.2
3.7
-78.8

-280.4
-87.7
-192.7
-84.7
-76.5
-8.1
-108.0

-185.4
-85.7
-99.7
-41.7
-39.7
-2.0
-58.0

-154.9
-78.7
-76.2
-36.2
-35.0
-1.2
-40.0

-87.2
-90.0
2.8
-21.2
-34.0
12.8
24.0

-137.3
-78.7
-58.6
-38.6
-33.1
-5.5
-20.0

-83.5
-86.4
3.0
10.0
-18.4
28.4
-7.0

41.1
8.5
32.7
-11.3
..
-11.3
44.0

131.0
..

418.2
..

856.0
..

1,277.0
..

4,553.0
..

3,631.0
..

3,399.0
..

3,159.0
..

..
51.5

31.8
18.2

35.6
9.8

30.9
7.9

32.5
6.4

29.1
3.6

25.3
4.4

19.0
16.7

2,727.4
..
..
..
..
..
..

7,541.4
..
..
..
..
..
..

12,299.8
..
..
..
..
..
..

18,235.7
..
..
..
..
..
..

18,957.5
..
..
..
..
..
..

20,689.3
..
..
..
..
..
..

26,362.8
..
..
..
..
..
..

30,678.9
..
..
..
..
..
..

..
95.7
..
8.8
1.9
..
..

..
15.4
..
12.7
3.5
..
..

..
6.9
..
10.9
2.7
..
..

..
4.1
..
6.8
2.7
..
..

..
3.5
..
11.3
2.6
..
..

..
2.6
..
10.4
2.7
..
..

..
1.7
..
10.5
2.5
..
..

..
1.6
..
18.6
8.8
..
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term public and publicly guaranteed debt from 2010 are World Bank staff estimates. Long-term private nonguaranteed debt data (excluding bonds) only
cover European Bank for Reconstruction and Development lending.

159

UGANDA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

3,535
3,051
129
58
354

4,437
4,184
79
29
173

1,629
1,546
26
26
56

2,267
1,754
458
26
55

2,736
2,221
235
26
281

2,972
2,671
26
26
275

3,261
2,961
26
26
273

3,769
3,471
26
26
272

3,051
3,051
3,027
24
..

4,184
4,184
4,182
2
..

1,546
1,546
1,545
1
..

1,754
1,754
1,753
0
..

2,221
2,221
2,220
0
..

2,671
2,671
2,671
0
..

2,961
2,961
2,961
0
..

3,471
3,471
3,471
0
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

219
219
219
0
..

224
224
224
0
..

473
473
473
0
..

275
275
275
0
..

493
493
493
0
..

486
486
486
0
..

334
334
334
0
..

554
554
554
0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

26
26
25
1
..

99
99
98
1
..

50
50
49
1
..

52
52
52
1
..

49
49
49
0
..

40
40
39
0
..

35
35
35
0
..

37
37
37
0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

21
21
20
0
..

33
33
32
0
..

12
12
12
0
..

15
15
15
0
..

18
18
18
0
..

21
21
21
0
..

26
26
26
0
..

28
28
28
0
..

177
184
-7
-1
-1
..
-6

85
95
-10
-1
-1
..
-10

303
424
-122
-1
-1
..
-121

655
224
431
-1
-1
..
432

221
445
-223
0
0
..
-223

237
447
-209
0
0
..
-209

298
298
0
0
0
..
..

514
514
0
0
0
..
..

161
..

380
..

792
-23

729
13

842
131

544
-70

894
106

1,721
5

..
62.5

2.8
67.8

10.3
48.1

7.5
46.5

5.1
47.6

3.4
47.2

2.6
46.8

2.2
48.0

6,086
716
238
1,574
19
-359
808

8,749
1,591
322
2,653
202
-26
1,344

10,579
2,466
452
4,275
262
-701
2,560

12,919
3,137
724
5,691
250
-1,314
2,301

13,366
3,361
781
5,647
247
-1,139
2,994

15,813
3,430
771
6,495
183
-1,752
2,706

15,671
4,271
816
7,856
262
-2,160
2,617

16,760
4,760
733
8,243
369
-2,222
3,167

493.6
58.1
10.6
3.7
74.5
22.9
6.2

278.9
50.7
10.8
1.8
88.6
30.3
6.1

66.0
15.4
2.7
1.6
82.0
157.2
7.2

72.3
17.5
2.4
20.2
68.8
101.5
4.9

81.4
20.5
2.1
8.6
73.7
109.4
6.4

86.7
18.8
1.8
0.9
81.3
91.0
5.0

76.3
20.8
1.5
0.8
83.0
80.3
4.0

79.2
22.5
1.4
0.7
80.5
84.0
4.6

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed debt data from 2010 are World Bank staff estimates based on reports provided by the country. Data include the effects of HIPC
and MDRI debt relief.

160

UKRAINE
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

13,890
9,664
447
183
3,779

33,721
18,599
12,063
110
3,059

78,975
53,561
22,914
199
2,501

98,328
70,966
20,636
335
6,726

104,347
71,447
19,873
650
13,027

124,968
81,442
27,264
1,671
16,262

135,296
86,358
32,727
13
16,212

135,067
87,521
34,750
1,518
12,795

Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

9,664
8,123
5,000
3,123
1,541

18,599
9,069
5,021
4,048
9,530

53,561
14,171
5,369
8,802
39,390

70,966
14,708
5,859
8,848
56,258

71,447
18,107
11,093
7,014
53,340

81,442
24,967
14,731
10,236
56,476

86,358
25,473
12,528
12,945
60,885

87,521
31,481
14,436
17,045
56,040

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1,401
173
141
32
1,228

7,853
1,411
563
847
6,442

28,390
4,318
807
3,511
24,072

31,483
990
985
4
30,493

22,241
5,581
5,581
0
16,661

33,946
7,944
4,259
3,685
26,002

28,446
3,352
600
2,753
25,094

20,564
7,961
3,109
4,853
12,602

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

2,114
1,250
1,208
42
864

4,018
1,193
546
647
2,825

8,097
850
498
352
7,248

13,595
482
456
26
13,113

17,855
1,721
475
1,246
16,134

23,458
895
477
418
22,563

24,054
2,836
2,818
18
21,218

21,178
2,056
1,288
768
19,122

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

447
375
148
228
72

894
424
130
294
470

2,307
607
185
423
1,699

3,200
587
165
422
2,613

4,171
681
204
478
3,490

3,494
555
225
330
2,938

4,302
832
263
569
3,470

4,472
908
219
689
3,564

-1,285
-1,666
380
354
-10
364
26

5,234
-283
5,516
3,818
201
3,617
1,698

27,370
-118
27,488
19,984
3,160
16,825
7,504

19,875
4,930
14,945
17,359
-21
17,380
-2,414

9,390
11,187
-1,797
-719
-1,246
527
-1,078

20,291
7,215
13,076
6,706
3,267
3,439
6,370

11,513
-2,218
13,731
6,610
2,735
3,876
7,121

-3,509
-1,593
-1,917
-2,435
4,085
-6,519
518

595
146

7,808
82

10,193
715

10,700
388

4,769
105

6,451
290

7,207
519

7,833
516

..
53.2

19.8
68.0

17.3
69.7

15.6
71.9

13.6
53.9

9.3
53.5

6.3
63.2

14.1
64.2

30,320
19,665
33
19,032
43
1,481
1,353

85,157
43,384
2,408
43,695
268
2,534
18,988

140,602
65,068
5,290
73,858
1,178
-5,251
31,786

178,452
87,899
6,782
103,807
2,506
-12,781
30,801

114,788
56,704
5,941
61,101
2,542
-1,736
25,557

134,410
70,341
6,535
76,332
2,218
-3,016
33,327

161,449
89,137
7,822
103,078
4,084
-10,233
30,409

173,344
93,326
8,449
111,079
4,775
-14,777
22,656

70.6
45.8
18.4
3.2
17.1
9.7
0.9

77.7
39.6
13.2
35.8
7.9
56.3
5.2

121.4
56.2
17.8
29.0
4.4
40.2
5.2

111.9
55.1
20.0
21.0
4.2
31.3
3.6

184.0
90.9
39.7
19.0
9.1
24.5
5.0

177.7
93.0
39.2
21.8
10.7
26.7
5.2

151.8
83.8
32.7
24.2
8.3
22.5
3.5

144.7
77.9
31.5
25.7
9.9
16.8
2.4

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

161

UZBEKISTAN
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

4,980
4,228
282
3
469

4,656
4,168
112
8
376

4,642
4,028
198
2
415

5,100
4,474
221
10
405

6,950
6,375
163
19
412

7,782
7,140
238
70
405

8,417
7,648
366
70
403

8,853
8,112
337
0
404

4,228
3,762
2,117
1,645
467

4,168
3,626
2,451
1,175
542

4,028
3,166
2,489
677
863

4,474
3,168
2,686
482
1,306

6,375
3,257
2,923
335
3,117

7,140
3,410
3,184
226
3,730

7,648
3,738
3,511
227
3,910

8,112
3,987
3,824
163
4,125

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

770
713
409
304
57

404
262
200
62
142

665
237
217
21
428

1,003
309
272
37
694

2,610
472
464
8
2,138

1,188
452
437
15
736

942
598
523
75
344

1,051
610
600
10
441

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

584
443
148
295
141

620
510
177
333
110

646
494
218
276
152

710
460
242
219
250

713
386
225
161
327

493
370
256
114
123

461
296
226
69
165

517
294
218
76
224

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

206
182
75
108
24

140
117
63
53
23

167
141
97
45
26

141
114
84
30
26

120
82
71
12
38

118
63
59
4
55

158
68
62
6
90

172
75
66
9
97

-223
196
-419
-75
9
-84
-344

-301
5
-305
-239
-271
32
-66

58
-1
59
21
-256
276
38

308
31
278
263
-181
444
15

1,830
238
1,591
1,658
-153
1,811
-67

719
181
538
514
-99
613
24

610
297
313
185
6
179
128

575
382
193
152
-66
218
41

75
..

192
..

705
..

711
..

842
..

1,628
..

1,467
..

1,094
..

..
56.7

17.9
52.8

17.4
49.2

14.1
48.0

11.8
53.0

9.5
54.2

9.1
56.1

7.9
60.5

13,541
..
..
..
..
..
..

14,283
..
..
..
..
..
..

23,242
..
..
..
..
..
..

29,656
..
..
..
..
..
..

33,714
..
..
..
..
..
..

40,492
..
..
..
..
..
..

47,104
..
..
..
..
..
..

53,362
..
..
..
..
..
..

..
36.8
..
5.7
9.1
..
..

..
32.6
..
2.4
17.1
..
..

..
20.0
..
4.3
19.4
..
..

..
17.2
..
4.3
18.6
..
..

..
20.6
..
2.4
15.8
..
..

..
19.2
..
3.1
15.6
..
..

..
17.9
..
4.3
15.7
..
..

..
16.6
..
3.8
19.3
..
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

162

VANUATU
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

95.7
73.1
1.4
0.0
21.2

105.3
71.9
10.2
0.2
23.3

123.9
78.1
20.1
0.1
25.7

150.9
89.7
36.1
0.1
25.1

155.3
98.8
31.0
0.0
25.5

173.3
99.3
49.0
0.0
25.1

201.8
98.8
78.0
0.0
25.0

369.2
92.2
252.0
0.0
25.0

Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

73.1
73.1
73.1
0.0
..

71.9
71.9
71.9
0.0
..

78.1
78.1
78.1
0.0
..

89.7
89.7
89.7
0.0
..

98.8
98.8
98.8
0.0
..

99.3
99.3
99.3
0.0
..

98.8
98.8
98.8
0.0
..

92.2
92.2
92.2
0.0
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

14.2
14.2
14.2
0.0
..

0.0
0.0
0.0
0.0
..

3.9
3.9
3.9
0.0
..

10.1
10.1
10.1
0.0
..

11.7
11.7
11.7
0.0
..

0.0
0.0
0.0
0.0
..

0.0
0.0
0.0
0.0
..

0.0
0.0
0.0
0.0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

0.9
0.9
0.9
0.0
..

1.1
1.1
1.1
0.0
..

2.1
2.1
2.1
0.0
..

2.5
2.5
2.5
0.0
..

3.5
3.5
3.5
0.0
..

3.6
3.6
3.6
0.0
..

3.4
3.4
3.4
0.0
..

3.8
3.8
3.8
0.0
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

0.6
0.6
0.6
0.0
..

0.7
0.7
0.7
0.0
..

0.9
0.9
0.9
0.0
..

1.1
1.1
1.1
0.0
..

1.4
1.4
1.4
0.0
..

1.4
1.4
1.4
0.0
..

1.3
1.3
1.3
0.0
..

1.2
1.2
1.2
0.0
..

13.6
13.4
0.3
0.0
0.0
..
0.3

-28.1
-1.1
-27.0
0.0
0.0
..
-27.0

10.8
1.8
9.0
0.0
0.0
..
9.0

23.6
7.6
16.0
0.0
0.0
..
16.0

3.1
8.1
-5.0
0.0
0.0
..
-5.0

14.4
-3.6
18.0
0.0
0.0
..
18.0

25.6
-3.4
29.0
0.0
0.0
..
29.0

170.2
-3.8
174.0
0.0
0.0
..
174.0

20.3
..

13.3
..

34.2
..

37.7
..

32.1
..

41.5
..

58.1
..

37.7
..

..
56.8

13.6
54.0

12.5
51.3

9.2
47.1

7.1
41.6

5.2
42.3

4.1
42.2

3.6
41.6

259.0
175.7
34.7
178.8
21.9
5.0
38.9

369.0
204.6
5.1
258.6
35.3
-34.0
67.2

498.8
255.7
5.5
313.2
45.6
-34.4
119.6

603.2
313.7
8.9
492.8
29.7
-141.6
115.2

586.8
330.9
11.5
345.5
41.7
10.3
148.6

679.1
365.5
11.8
419.6
48.0
-34.9
161.4

766.2
396.1
21.8
465.7
52.7
-57.6
173.8

766.7
413.9
22.0
480.8
76.8
-50.3
..

54.4
36.9
1.6
1.5
67.0
40.7
2.6

51.5
28.5
1.6
9.7
64.0
63.8
3.1

48.4
24.8
1.8
16.2
55.9
96.5
4.6

48.1
25.0
1.5
23.9
47.0
76.4
2.8

46.9
26.5
1.7
20.0
44.2
95.7
5.2

47.4
25.5
1.6
28.3
39.7
93.1
4.6

50.9
26.3
1.6
38.7
33.4
86.1
4.5

89.2
48.2
2.1
68.2
16.7
..
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term public and publicly guaranteed debt data from 2010 are World Bank staff estimates. Short-term debt is based on data from the BIS.

163

VENEZUELA, REPUBLICA BOLIVARIANA de
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

42,753
33,952
8,186
59
616

45,355
34,794
10,108
5
453

48,714
30,512
17,701
0
501

53,871
33,199
20,184
0
488

61,410
38,508
18,915
7
3,987

65,149
40,572
20,660
7
3,917

70,339
47,324
19,110
7
3,905

72,097
48,796
19,393
1
3,909

33,952
27,820
6,180
21,640
6,132

34,794
31,092
3,434
27,658
3,702

30,512
27,552
3,410
24,142
2,960

33,199
29,889
3,550
26,339
3,310

38,508
35,198
4,144
31,054
3,310

40,572
37,512
5,382
32,130
3,060

47,324
44,264
6,719
37,546
3,060

48,796
46,236
8,724
37,511
2,560

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

2,343
2,343
787
1,556
0

7,250
7,250
406
6,844
0

2,053
2,053
535
1,518
0

5,490
4,840
645
4,196
650

6,068
6,068
1,035
5,033
0

4,729
4,729
1,707
3,023
0

9,266
9,266
2,060
7,206
0

2,661
2,661
2,514
147
0

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

2,921
2,265
613
1,652
655

2,385
1,698
739
959
687

2,109
1,835
992
843
274

2,745
2,445
527
1,918
300

812
812
450
362
0

1,135
885
479
406
250

2,515
2,515
726
1,790
0

1,190
690
504
186
500

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

2,435
1,867
343
1,524
568

2,656
2,308
204
2,103
349

2,585
2,314
243
2,070
271

2,859
2,525
235
2,290
334

2,765
2,441
186
2,255
324

3,089
2,789
177
2,612
301

3,398
3,119
205
2,914
278

4,274
4,002
207
3,795
272

-384
-333
-52
-752
-96
-655
700

7,136
-333
7,469
5,198
5,885
-687
2,271

6,122
-457
6,579
401
675
-274
6,178

5,228
118
5,111
2,628
2,278
350
2,483

3,980
585
3,395
4,671
4,671
0
-1,276

5,340
1,228
4,112
2,367
2,617
-250
1,745

5,201
1,334
3,866
5,416
5,416
0
-1,550

1,760
2,010
-250
-539
-39
-500
289

4,701
-574

2,706
28

2,517
50

1,258
1

-2,553
118

1,903
10

3,889
..

2,199
-50

..
83.3

11.5
83.6

14.8
81.5

8.2
88.7

6.7
91.0

5.8
92.6

3.6
95.5

3.6
95.8

115,760
37,760
17
25,737
1,424
11,853
13,088

143,314
61,208
148
36,093
3,895
25,053
23,919

233,063
81,937
151
65,201
4,498
15,981
24,196

316,093
106,204
137
73,145
5,297
32,146
33,098

325,894
62,445
131
59,517
3,139
2,258
21,703

387,524
69,584
143
59,879
4,877
8,812
13,137

309,380
97,042
138
71,865
4,810
24,387
9,930

372,396
101,543
118
89,549
5,757
11,016
9,900

113.2
36.9
16.9
19.1
7.5
30.6
6.1

74.1
31.6
8.7
22.3
6.2
52.7
8.0

59.5
20.9
7.0
36.3
5.1
49.7
4.5

50.7
17.0
5.7
37.5
5.0
61.4
5.4

98.3
18.8
6.1
30.8
5.1
35.3
4.4

93.6
16.8
6.5
31.7
6.8
20.2
2.6

72.5
22.7
6.4
27.2
7.9
14.1
1.7

71.0
19.4
5.6
26.9
7.8
13.7
1.3

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Short-term debt from 1997 is based on Central Bank data.

164

VIETNAM
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

12,859
11,558
923
78
378

19,039
16,193
2,574
74
272

23,285
18,416
4,630
0
239

26,488
22,014
4,279
1
195

33,084
27,320
5,186
0
578

44,923
37,444
6,949
0
529

53,080
42,620
9,964
0
496

59,133
48,760
9,889
0
484

11,558
11,558
8,680
2,878
..

16,193
16,193
14,259
1,934
..

18,416
18,416
16,261
2,155
..

22,014
22,014
19,370
2,644
..

27,320
27,320
23,938
3,382
..

37,444
32,764
27,435
5,329
4,680

42,620
36,758
31,085
5,673
5,862

48,760
39,954
33,480
6,475
8,806

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

1,272
1,272
1,176
96
..

2,047
2,047
1,261
786
..

2,440
2,440
2,006
433
..

2,799
2,799
2,202
597
..

4,730
4,730
4,104
627
..

6,878
5,593
3,675
1,918
1,285

6,976
4,759
4,009
750
2,217

8,981
5,955
4,708
1,247
3,026

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

937
937
134
802
..

480
480
303
177
..

617
617
456
161
..

770
770
587
183
..

915
915
687
228
..

1,048
1,048
735
313
0

3,082
1,201
823
378
1,881

4,055
1,473
1,024
449
2,582

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

296
296
77
218
..

317
317
256
61
..

418
418
300
118
..

464
464
329
135
..

476
476
344
132
..

707
563
398
165
144

902
689
457
232
213

1,217
744
494
250
473

472
1,020
-548
-706
-706
..
158

1,926
904
1,022
609
609
..
413

4,001
1,525
2,475
272
272
..
2,203

1,638
1,575
62
414
414
..
-352

4,685
3,378
1,307
399
399
..
908

7,554
2,902
4,652
2,889
1,605
1,285
1,763

6,876
3,154
3,722
707
371
336
3,015

4,838
3,671
1,167
1,242
798
444
-75

1,298
..

1,954
115

6,700
6,243

9,579
-578

7,600
128

8,000
2,383

7,430
1,064

8,368
1,887

..
43.2

5.7
44.7

7.3
41.8

6.7
39.5

8.2
43.3

9.1
48.1

8.2
47.9

7.6
49.2

30,726
17,481
..
18,107
..
1,106
3,417

51,859
36,987
3,150
40,927
..
-560
9,051

68,845
55,757
6,180
69,140
..
-6,953
23,479

88,145
71,048
6,805
89,182
..
-10,823
23,890

92,614
63,615
6,020
76,671
..
-6,608
16,447

102,008
80,153
8,260
92,314
..
-4,276
12,467

117,759
106,180
8,600
114,629
..
236
13,539

134,161
124,468
..
123,618
..
9,062
25,573

73.6
41.9
7.5
7.2
14.7
26.6
2.3

51.5
36.7
2.6
13.5
27.0
47.5
2.7

41.8
33.8
2.3
19.9
30.6
100.8
4.1

37.3
30.1
2.0
16.2
30.4
90.2
3.2

52.0
35.7
2.3
15.7
31.9
49.7
2.6

56.0
44.0
2.3
15.5
27.9
27.8
1.6

50.0
45.1
3.9
18.8
27.1
25.5
1.4

47.5
44.1
4.4
16.7
27.1
43.2
2.5

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Arrears were removed from 2006 based on reports provided by the country. Short-term debt is based on data from the BIS.

165

YEMEN, REPUBLIC OF
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

5,162
4,109
699
27
355

5,501
4,814
353
94
333

6,152
5,524
413
107
215

6,319
5,696
483
112
140

6,734
5,875
442
117
417

6,682
5,933
313
124
436

6,418
5,876
131
131
410

7,555
6,911
140
140
504

4,109
4,109
4,046
63
..

4,814
4,814
4,807
7
..

5,524
5,524
5,517
7
..

5,696
5,696
5,690
6
..

5,875
5,875
5,871
5
..

5,933
5,933
5,930
3
..

5,876
5,876
5,874
2
..

6,911
6,911
6,909
1
..

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

137
137
137
0
..

265
265
265
0
..

390
390
390
0
..

285
285
285
0
..

332
332
332
0
..

287
287
287
0
..

101
101
101
0
..

1,250
1,250
1,250
0
..

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

81
81
81
0
..

94
94
94
0
..

113
113
112
1
..

134
134
133
1
..

140
140
139
1
..

155
155
154
1
..

175
175
174
1
..

181
181
180
1
..

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

45
45
45
0
..

55
55
55
0
..

65
65
65
0
..

70
70
70
0
..

72
72
72
0
..

74
74
74
0
..

75
75
74
0
..

73
73
73
0
..

270
-15
285
0
0
..
285

176
116
61
0
0
..
61

278
191
87
-1
-1
..
88

145
81
64
-1
-1
..
65

102
149
-47
-1
-1
..
-46

22
159
-137
-1
-1
..
-136

-288
-98
-190
-1
-1
..
-189

1,162
1,163
-1
-1
-1
..
..

6
..

-302
..

917
..

1,555
..

129
..

-93
..

-713
..

349
..

..
68.2

1.7
67.3

1.9
61.8

1.8
59.5

1.9
58.8

1.8
57.3

1.8
56.6

1.5
61.7

8,863
4,158
1,288
4,221
855
1,337
2,900

15,139
6,963
1,283
7,745
1,603
624
6,115

20,249
8,158
1,322
11,092
1,390
-1,508
7,715

24,957
10,504
1,411
13,918
1,875
-1,251
8,111

23,436
7,207
1,160
11,287
927
-2,565
6,936

29,922
9,316
1,526
12,821
1,408
-1,381
5,868

29,442
9,963
1,404
13,126
2,240
-1,029
4,449

33,649
..
..
..
..
..
6,068

124.2
58.2
5.9
13.5
32.5
56.2
8.2

79.0
36.3
3.1
6.4
40.3
111.2
9.5

75.4
30.4
3.3
6.7
47.2
125.4
8.3

60.2
25.3
2.7
7.7
48.1
128.4
7.0

93.4
28.7
3.7
6.6
46.9
103.0
7.4

71.7
22.3
2.8
4.7
49.1
87.8
5.5

64.4
21.8
2.8
2.0
50.6
69.3
4.1

..
22.5
..
1.9
44.3
80.3
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)
Notes:
Short-term debt is based on data from the BIS.

166

ZAMBIA
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

5,811
4,508
76
33
1,227

5,461
4,538
234
90
689

2,857
2,087
575
149
195

3,080
2,205
674
152
201

3,774
2,220
474
154
1,080

4,419
2,111
1,191
167
1,117

4,944
3,482
326
167
1,137

5,385
3,929
330
171
1,126

4,508
4,444
4,412
31
65

4,538
3,942
3,646
295
596

2,087
1,107
1,059
48
981

2,205
1,157
1,108
48
1,049

2,220
1,200
1,158
42
1,020

2,111
1,317
1,284
33
794

3,482
1,964
1,857
108
1,517

3,929
3,166
2,347
820
763

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

261
251
251
0
10

218
114
114
0
105

315
118
118
0
197

239
118
108
10
121

126
91
91
0
35

203
176
176
0
27

789
696
605
91
93

1,333
1,300
566
734
33

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

98
79
79
1
18

136
71
59
12
66

75
32
32
0
43

114
61
52
8
53

122
59
52
7
63

86
47
38
8
40

139
56
40
16
82

143
101
78
23
42

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

80
76
76
0
4

58
29
29
0
28

32
9
9
0
23

39
14
14
0
24

36
13
13
0
24

29
11
11
0
18

48
13
13
0
35

59
41
41
0
18

159
198
-39
-9
-1
-8
-30

88
-8
96
27
-12
39
69

405
127
277
154
0
154
123

232
67
166
70
2
68
96

45
283
-238
-36
-7
-29
-202

876
193
683
-21
-8
-13
704

-192
589
-780
85
75
10
-865

1,179
476
702
702
712
-9
0

122
6

357
5

1,324
4

939
-6

695
-13

1,729
101

1,108
25

1,066
26

..
61.7

5.9
72.9

18.2
41.3

14.8
39.3

13.3
37.4

10.5
33.8

6.0
49.1

3.7
64.6

3,097
891
..
1,567
71
-662
245

6,547
2,533
53
3,239
461
-600
560

9,997
4,818
59
6,047
1,474
-698
1,090

13,242
5,291
68
6,890
1,346
-1,039
1,096

12,386
4,564
41
4,498
265
582
1,892

14,827
7,733
44
6,959
1,303
1,206
2,094

18,049
9,046
46
8,724
1,093
700
2,324

19,542
9,891
73
10,346
1,033
-1
3,042

652.0
187.6
21.2
1.3
41.4
4.2
1.9

215.6
83.4
11.2
4.3
57.2
10.3
2.1

59.3
28.6
2.6
20.1
26.7
38.1
2.2

58.2
23.3
3.2
21.9
26.6
35.6
1.9

82.7
30.5
3.7
12.6
23.1
50.1
5.0

57.1
29.8
1.9
26.9
20.9
47.4
3.6

54.7
27.4
2.2
6.6
19.5
47.0
3.2

54.4
27.6
2.2
6.1
20.0
56.5
3.5

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)

Notes:
Long-term private nonguaranteed before 2011 are World Bank staff estimates based on reports provided by the country. Short-term debt data before 2011 are
from the BIS. Short-term debt from 2011 only include private nonguaranteed short-term debt. Data include the effects of HIPC and MDRI debt relief.

167

ZIMBABWE
(US$ million, unless otherwise indicated)
2000

2005

2007

2008

2009

2010

2011

2012

3,843
2,981
568
55
294

4,225
3,209
891
534
125

5,358
3,768
1,456
753
134

5,271
3,743
1,398
807
129

5,428
3,824
1,062
915
542

5,863
4,259
1,075
938
529

6,494
4,724
1,243
1,052
527

7,713
5,715
1,477
1,141
520

2,981
2,776
2,439
337
205

3,209
3,177
2,771
406
32

3,768
3,693
3,226
467
75

3,743
3,654
3,227
427
89

3,824
3,734
3,287
448
89

4,259
3,663
3,230
433
596

4,724
3,820
3,389
431
904

5,715
3,884
3,447
437
1,831

Disbursements
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

185
139
125
15
46

25
24
16
8
0

227
160
160
0
68

105
39
25
14
66

79
13
13
0
66

847
4
4
0
843

1,584
186
181
5
1,398

1,433
70
70
0
1,363

Principal repayments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

211
146
113
33
65

45
31
21
10
14

55
36
36
0
19

54
2
2
0
52

66
0
0
0
66

337
1
1
0
336

1,096
6
6
0
1,091

440
5
5
0
435

Interest payments
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

81
64
50
13
17

7
3
2
1
4

14
13
13
0
1

10
5
5
0
5

30
14
14
0
16

31
13
13
0
18

43
14
14
0
29

273
14
14
0
259

-329
-58
-271
-37
-19
-19
-233

-225
-169
-56
-16
-2
-14
-40

386
124
263
49
0
49
214

-63
21
-84
28
14
14
-112

-431
13
-444
0
0
0
-444

496
-1
497
507
0
507
-10

542
175
367
313
5
308
54

1,130
57
1,072
927
0
927
145

23
..

103
..

69
..

52
..

105
..

166
..

387
..

400
..

..
29.9

31.6
28.7

33.8
29.5

32.6
30.4

33.2
30.0

31.4
30.3

29.4
30.4

29.5
30.7

6,329
..
..
..
..
..
193

5,479
..
..
..
..
-532
97

5,198
..
..
..
..
-342
145

4,181
..
..
..
..
-762
76

5,714
..
..
..
..
..
822

7,012
..
..
..
..
..
732

9,137
..
..
..
..
..
659

10,210
..
..
..
..
..
574

..
60.7
..
14.8
35.2
5.0
..

..
77.1
..
21.1
35.1
2.3
..

..
103.1
..
27.2
30.1
2.7
..

..
126.1
..
26.5
30.5
1.4
..

..
95.0
..
19.6
29.9
15.1
..

..
83.6
..
18.3
27.2
12.5
..

..
71.1
..
19.1
24.6
10.2
..

..
75.5
..
19.2
21.1
7.4
..

Summary external debt data
External debt stocks
Long-term external debt
Short-term external debt
interest arrears on long-term
Use of IMF credit

Long-term external debt
Debt outstanding and disbursed
Public and publicly guaranteed
Official creditors
Private creditors
Private nonguaranteed

Debt resource inflows
Net debt inflows
Official creditors (incl. IMF)
Private creditors
Long-term
Public and publicly guaranteed
Private nonguaranteed
Short-term

Non-debt resource inflows
Foreign direct investment
Portfolio equity

Currency composition (%)
Euro
U.S.dollars

Major economic aggregates
Gross national income (GNI)
Exports of goods, services & prim. income
Personal transfers & comp. of employees
Imports of goods, services & prim. income
Primary income on FDI
Current account balance
International reserves

Ratios
External debt stocks to exports (%)
External debt stocks to GNI (%)
Debt service to exports (%)
Short-term to external debt stocks (%)
Multilateral to external debt stocks (%)
Reserves to external debt stocks (%)
Reserves to imports (months)
Notes:
Short-term debt is based on data from the BIS.

168

About the Data

169

Data Sources and Methodology

Data Sources

T

he principal sources of information for
the tables in International Debt Statistics
2014 are reports to the World Bank through
the World Bank’s Debtor Reporting System
(DRS) from member countries that have received
either International Bank for Reconstruction
and Development (IBRD) loans or International
Development Association (IDA) credits. The DRS
has its origin in the World Bank’s need to monitor
and assess the financial position of its borrowers. Since 1951, borrowers have been required
to provide statistics on their public external debt
and private sector debt that benefit from a public
guarantee. In its design, consistency, and continuity of coverage, the DRS is a unique resource.
Reporting countries submit detailed reports on
the annual status, transactions, and terms of the
long-term external debt of public agencies and
that of private ones guaranteed by a public agency
in the debtor country. The DRS maintains these
records on a loan-by-loan basis. In 1973, coverage
of the DRS was expanded to include private sector
nonguaranteed borrowing, but for this category of
debt, data are provided by borrowers in aggregate
rather than loan by loan.
Data submitted to the DRS are processed in
the World Bank External Debt (WBXD) system,
along with additional information received from
the files of the African Development Bank, the
Asian Development Bank, the Inter-American
Development Bank (IDB), the International
Monetary Fund (IMF), institutions of the World
Bank Group (IBRD and IDA), and the European
Bank for Reconstruction and Development
(EBRD). The WBXD is an internal system
of the World Bank. Among its outputs is the
International Debt Statistics (IDS) database, from

which the tables in this publication and online
database are produced.
Data on exports and imports (on a balance
of payments basis), international reserves, current
account balances, foreign direct investment (FDI),
portfolio equity flows, and primary income of
FDI are drawn mainly from the files of the IMF,
supplemented by United Nations Conference on
Trade and Development (UNCTAD) reports and
country data. Balance of payments data are presented according to the sixth edition of the IMF’s
Balance of Payments Manuall (BPM6). Official aid
flows come from data collected and published by
the Development Assistance Committee (DAC)
of the Organisation for Economic Co-operation
and Development (OECD). Short-term external
debt data are as reported by debtor countries or
are estimates based on the Bank for International
Settlements (BIS) quarterly series of commercial
banks’ claims on developing countries. For some
countries, estimates were prepared by pooling
creditor and debtor information. Data on the gross
national income of most developing countries are
collected from national statistical organizations or
central banks by visiting and resident World Bank
missions.
Every effort has been made to ensure the
accuracy and completeness of the external debt
statistics. Coverage has been improved through
the efforts of the reporting agencies and close
collaboration between the Bank and our partners, Commonwealth Secretariat (COMSEC)
and UNCTAD, which provide debt recording
and reporting systems across the globe, as well
as through the work of the World Bank missions,
which visit member countries to gather data and
to provide technical assistance on debt issues.
Nevertheless, quality and coverage vary among

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debtors and may also vary for the same debtor
from year to year. Data on long-term external
debt reported by member countries are checked
against, and supplemented by, data from several
other sources. Among these sources are the statements and reports of several regional development
banks, government lending agencies, and official
government Web sites.

Methodology
Aggregations
Total debt stock and other aggregate measures are
derived from the summation of loan-level data on
stocks and flows after conversion to a common
currency. Other tabulations are compiled using
terms and conditions reported in the loan-level
data, such as currency composition, cancellations,
rescheduling of other liabilities into long-term
public and publicly guaranteed external debt, and
debt buybacks.
Aggregates for regional and income groups
are based on the World Bank’s operational classifications, which may differ from common geographic usage or income groups used by other
organizations. Country classifications of DRS
reporting countries in 2012 are shown in country
groups in the back of the publication. The same
classification is used for all historical data shown
in International Debt Statistics and the online
tables and online database.

Currency Conversion
Data on external obligations are normally
reported to the World Bank in the currency of
repayment and are converted into a common
currency (U.S. dollars) using official exchange
rates published by the IMF.
Commitments, disbursements, and debt service payments (flows) are converted to U.S. dollars
at the annual average exchange rate for the year.
Debt outstanding (disbursed and undisbursed) at
the end of a given year (stock) is converted at the
exchange rate in effect at the end of the relevant
year. Consequently, year-to-year changes in debt
outstanding and disbursed may not be equal to net
flows (disbursements less principal repayments);
similarly, changes in debt outstanding (including
undisbursed debt) may not equal commitments
less repayments. Discrepancies will be particularly

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significant when exchange rates have moved
sharply during the year. Projected debt service is
converted to U.S. dollars at rates in effect at the
end of December 2012.
Beginning with 1991, all ruble debt owed to
the former Soviet Union has been converted at a
rate of US$1 = 0.6 ruble, except in cases where a
bilateral agreement specifying a different conversion rate is in place. Adoption of this methodology
does not constitute an endorsement by the World
Bank staff of the appropriateness or validity of the
exchange rate used. This matter must be resolved
bilaterally between the Russian Federation and its
debtor countries.
Starting with the 1988–89 edition of World
Debt Tables (the predecessor of IDS), all data
pertaining to IBRD loans from 1985 onward are
recorded at their current market value. Starting
with the 1991–92 edition, all data pertaining
to Asian Development Bank loans from 1989
onward are recorded at their current market
value. Starting with the 1998 edition, all data
pertaining to African Development Bank and
African Development Fund loans from 1997
onward are recorded at their current market
value.

Debt Stock and Flow Reconciliation
Because of currency conversions and the timing of
transactions, there may be differences between the
change in aggregate stocks from one period to the
next and flows during the relevant period; changes
in debt outstanding, including undisbursed
amounts, will therefore differ from commitments
less repayments.
Changes in the stock of debt from one
period to the next can be attributed to five
factors: the net flow of debt, the net change in
interest arrears, the capitalization of interest, a
reduction in debt resulting from debt forgiveness or other debt reduction mechanisms, and
cross-currency valuation effects. Any residual
difference in the change in stock not explained
by one of those five factors may indicate inconsistencies in the reported data or specific phenomena prevailing in an individual country (for
example, an incomplete historical series for all
categories of debt). Starting in 1989, the IDS
includes the debt stock reconciliation, but not all
components are shown in the IDS print edition
and online tables.

D A T A

External Debt Restructuring
Starting in 1985, the WBXD includes information on restructuring of debt by official creditors
in the context of the Paris Club, restructuring by
commercial creditors, debt swap operations, buybacks, and bond exchanges. It attempts to capture
accurately the effect of debt restructuring on both
external debt stocks and external debt flows, consistent with the terms on which the restructuring
takes place. In the compilation and presentation of
external debt data, a distinction is made between
cash flows and imputed flows. According to this
criterion, restructured service payments and the
shift in liabilities from one financial instrument to
another as a result of debt restructuring are considered to be imputed flows. Both cash flows and
imputed flows are recorded separately in WBXD.
The imputed flows and stock changes associated with debt restructuring are included in the
IDS tables and online database to complement the
cash-basis transactions recorded in the main body
of the data. Such data encompass information on
the debt stock and debt flows restructured each
year, the amount of principal forgiven (interest
forgiven is shown as a memorandum item), and
the amount of external debt stock reduced either
by forgiveness or by a debt buyback operation.
Changes in creditors and debtors that result from
debt restructuring are also reflected. For example,
when insured commercial credits are rescheduled,
the creditor classification shifts from private to
official (bilateral), reflecting the assumption of
the assets by the official credit insurance agencies
in the creditor country. The IDS data will show a
reduction in the external debt owed to the original
private creditors equal or similar to the amount
of debt restructured and a corresponding increase
in the debt owed to the new official creditor.
Similarly on the debtor side, when a government
accepts responsibility for the payment of restructured debt previously owed by a private enterprise,
the relevant change in the debtor category will
be reflected. Likewise, if short-term external debt
is restructured into a long-term obligation, the
stock of short-term external debt will decline and
the stock of long-term external debt will rise by
the amount of short-term debt restructured. In the
event of a debt swap of long-term external debt
(external debt to equity, external debt for nature,
or external debt for development), the face value
of the external debt swapped will be recorded as

S O U R C E S

A N D

M E T H O D O L O G Y

a decline in long-term external debt stock, but
no flow transaction (principal repayment) will be
recorded.

Projections of Future Disbursements and Debt
Service Payments
The WBXD system projects future disbursements
and future debt service payments on the assumption that every existing loan commitment will be
fully used and repaid in full.

Future Disbursements
Disbursement projections are made using one of
the following methods:

Specific schedules. Debtor countries are
requested to submit a schedule of future disbursements, if available, at the time each new
loan is first reported.
Standard schedules. In the absence of specific
schedules, the WBXD system projects the
future disbursement schedule according to the
undisbursed balance of each loan at the end of
the most recent reporting period.

These projected schedules are based on profiles
derived from the disbursement pattern of comparable loans that fully disbursed. Thirty different profiles have been compiled corresponding
to each category of creditor and, in the case of
official creditors, for concessional and nonconcessional loans. Each profile is derived by applying
regression analysis techniques to a body of data
on actual disbursements for each fully disbursed
loan in the WBXD database. The profiles are periodically updated to take into account the evolving
pattern of disbursements observed for fully disbursed loans.
Future principal payments are generated by
the WBXD system according to the repayment
terms of each loan. Principal repayments (amortization) are based on the amount of the loan
commitment. If the amortization schedule follows a set pattern (for example, equal semiannual
payments), the WBXD system calculates repayments automatically using the loan commitment
amount, the first and final payment dates, and the
frequency of the payments. If future payments are
irregular, the WBXD system requires a schedule.
Future interest payments are generated by
the WBXD system according to the disbursed and

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