External debt stocks, long-term (DOD, current US$)
Countries By External debt stocks, long-term (DOD, current US$)
Key points
- The country with the highest long-term external debt stock is China, People's Republic of, with a value of $1,079,933,452,987.20.
- The country with the lowest long-term external debt stock is Tonga, with a value of $185,100,964.10.
- The average long-term external debt stock among the listed countries is approximately $53,654,071,299.09.
- Notable countries with high long-term external debt stocks include Brazil, India, Russia, Mexico, and Indonesia.
- Some smaller countries with relatively lower external debt stocks include Eswatini, Dominica, Comoros, Solomon Islands, and Saint Vincent and the Grenadines.
Official Definition of External debt stocks, long-term (DOD, current US$)
Long-term debt is debt that has an original or extended maturity of more than one year. It has three components: public, publicly guaranteed, and private nonguaranteed debt. Data are in current U.S. dollars.
Importance
- External debt stocks, long-term (DOD, current US$) is a crucial macroeconomic statistic for a country as it reflects the amount of debt that the country owes to foreign creditors on long-term basis, typically exceeding one year.
- If the value of this statistic is low, it indicates that the country has better control over its long-term debt obligations. This can lead to increased investor confidence, lower interest rates on future borrowings, and potentially higher economic stability.
- On the other hand, a high value of external debt stocks, long-term signifies that the country has significant long-term debt liabilities. This could lead to concerns about the country's ability to repay its debts, potential downgrades in credit ratings, increased borrowing costs, and vulnerability to external economic shocks.
- Hence, monitoring and managing the level of external debt stocks, long-term is essential for a country's economic health and stability in the global financial market.
Top 10 Countries by External debt stocks, long-term (DOD, current US$)
Bottom 10 Countries by External debt stocks, long-term (DOD, current US$)
Regions
Europe
When examining the external debt stocks, long-term (DOD, current US$) for the selected countries, we notice a wide disparity among them. Russia stands out with the largest external debt stock, followed by Ukraine and Romania. These countries heavily rely on external financing for economic growth but face the risk of debt distress. In contrast, countries like Moldova and Montenegro have relatively lower debt levels, indicating a lower dependence on external borrowing. While high external debt can spur growth, it also poses risks of economic instability and vulnerability to external shocks. Therefore, managing external debt levels is crucial for sustainable development in these countries.
Far East: East Asia, SE Asia, Australia
When analyzing the External debt stocks, long-term (DOD, current US$) for the selected countries, a clear disparity emerges. China's massive debt, surpassing a trillion USD, stands in contrast to smaller economies like Laos or Myanmar. While high debt levels can indicate investment for growth, it also poses risks of financial instability, particularly for developing economies. Countries like Thailand and Vietnam, with substantial debt burdens, may face challenges in maintaining economic stability. In contrast, Cambodia with lower debt levels, may enjoy more fiscal flexibility. Navigating these debt dynamics will be crucial for each country's development trajectory, influencing factors like infrastructure investment, economic growth, and financial resilience.
ASEAN
The external debt stocks, long-term in the selected countries are as follows: Cambodia: $13,690,990,103.6, Indonesia: $369,842,888,888.7, Laos: $19,446,416,755.6, Myanmar: $12,613,290,677, Philippines: $83,082,837,480.1, Thailand: $121,022,364,418.2, and Vietnam: $102,422,240,407.1. Indonesia has the highest external long-term debt, reflecting its larger economy and need for capital. Thailand follows closely, indicating robust borrowing. Cambodia, Laos, and Myanmar have relatively lower debts, suggesting they may have lower access to international capital. This statistic affects development by indicating the ability to finance growth but also raises concerns about debt sustainability and foreign influence.
Latin America
Examining the external debt stocks of the listed countries reveals varying levels of financial obligations. Brazil stands out with a substantial debt of $476.16 billion, followed by Mexico at $552.20 billion. Venezuela also has a significant debt of $127.07 billion. These countries may enjoy the advantage of accessing funds for development but face the risk of economic instability due to high debt burdens. On the other hand, countries like Honduras and Bolivia have lower debts, indicating a potentially more stable financial position. However, this may limit their ability to finance large-scale projects for economic growth. The level of external debt can impact a country's credit rating, access to international markets, and overall economic stability, shaping its development trajectory accordingly.
Middle East
When analyzing the external debt stocks, long-term for the listed countries, we observe varying levels indicating their reliance on international borrowing. Countries like Algeria and Iran have relatively low amounts, possibly signaling more conservative borrowing practices. In contrast, Turkey and Egypt exhibit significantly high debt levels, posing risks in servicing these debts. High debt can offer short-term economic stimulus but burden future generations with repayments. For Lebanon, the exceptionally high debt poses a significant risk to economic stability due to high debt-to-GDP ratios. Overall, managing external debt is crucial for sustainable development, ensuring the borrowed funds contribute to long-term growth without compromising fiscal stability.
Rivals
Russia v Ukraine
In terms of long-term external debt stocks, the Russian Federation holds $390,911,021,328.3 while Ukraine holds $96,180,394,862.9. The Russian Federation's higher debt indicates a larger financial liability, potentially allowing for more significant investments but also carrying higher repayment obligations and risks. On the other hand, Ukraine's lower debt signifies a more manageable financial burden, providing stability but possibly limiting large-scale developmental projects. This statistic suggests that Russia may have more financial leverage but also faces higher debt-related challenges, while Ukraine enjoys more financial security but with potentially limited investment opportunities and slower economic growth prospects.
India v Pakistan
India holds a significant external debt stock of $455.72 billion, reflecting its reliance on foreign borrowing for development projects. In contrast, Pakistan's external debt stock stands at $101.92 billion, indicating a comparatively lower debt burden. India's large debt may provide access to funds for infrastructure but poses a risk of debt distress, while Pakistan's lower debt level implies lower financial vulnerability but may limit its ability to invest in critical sectors. This statistic underscores the need for both countries to manage their debt effectively to ensure sustainable economic growth and development.
FAQs
- Which country has the most External debt stocks, long-term?
China, People's Republic of, with a value of $1,079,933,452,987.20, has the highest long-term external debt stocks among the listed countries. - Which country has the least External debt stocks, long-term?
Tonga has the least long-term external debt stocks among the listed countries, with a value of $185,100,964.10. - What is the average External debt stocks, long-term among the listed countries?
The average long-term external debt stocks among the listed countries is approximately $53,654,071,299.09.