* indicates monthly or quarterly data series

External debt, percent of Gross National Income, 2022:

The average for 2022 based on 11 countries was 67.15 percent. The highest value was in Montenegro: 138.74 percent and the lowest value was in Russia: 17.15 percent. The indicator is available from 1970 to 2022. Below is a chart for all countries where data are available.

Measure: percent; Source: The World Bank
Select indicator
* indicates monthly or quarterly data series


Countries External debt, 2022 Global rank Available data
Montenegro 138.74 1 2006 - 2022
North Macedonia 89.26 2 1993 - 2022
Ukraine 82.45 3 1992 - 2022
Serbia 73.12 4 1997 - 2022
Moldova 66.74 5 1996 - 2022
Belarus 56.79 6 1993 - 2022
Albania 56.3 7 1991 - 2022
Bulgaria 54.02 8 1981 - 2022
Bosnia & Herz. 53.05 9 1999 - 2022
Turkey 51.05 10 1970 - 2022
Russia 17.15 11 1992 - 2022



Definition: Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.

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