Short-term government debt - Country rankings
* indicates monthly or quarterly data series
Short-term government debt, percent of total, 2024:
The average for 2024 based on 131 countries was 8.06 percent. The highest value was in Singapore: 68.53 percent and the lowest value was in Nicaragua: 0 percent. The indicator is available from 2011 to 2024. Below is a chart for all countries where data are available.Measure: percent; Source: The World Bank
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* indicates monthly or quarterly data series
| Countries | Short-term government debt, 2024 | Global rank | Available data |
|---|---|---|---|
| Singapore | 68.53 | 1 | 2011 - 2024 |
| Czechia | 52.52 | 2 | 2011 - 2024 |
| Hong Kong | 48.77 | 3 | 2011 - 2024 |
| Japan | 37.29 | 4 | 2011 - 2024 |
| USA | 34.2 | 5 | 2011 - 2024 |
| Mauritius | 29.41 | 6 | 2011 - 2024 |
| Egypt | 24.75 | 7 | 2011 - 2024 |
| Namibia | 23.84 | 8 | 2011 - 2024 |
| Bahrain | 23.29 | 9 | 2011 - 2024 |
| Thailand | 18.62 | 10 | 2011 - 2024 |
| Hungary | 17.32 | 11 | 2011 - 2024 |
| Canada | 16.49 | 12 | 2011 - 2024 |
| Lebanon | 16.4 | 13 | 2011 - 2024 |
| Italy | 16.25 | 14 | 2011 - 2024 |
| Sri Lanka | 16.25 | 15 | 2011 - 2024 |
| Israel | 15.64 | 16 | 2011 - 2024 |
| Pakistan | 15.33 | 17 | 2011 - 2024 |
| Albania | 15.31 | 18 | 2011 - 2024 |
| Gambia | 14.51 | 19 | 2011 - 2024 |
| Mozambique | 13.68 | 20 | 2011 - 2024 |
| France | 13.47 | 21 | 2011 - 2024 |
| Jordan | 12.98 | 22 | 2011 - 2024 |
| Moldova | 12.48 | 23 | 2011 - 2024 |
| Sweden | 11.8 | 24 | 2011 - 2024 |
| Spain | 11.68 | 25 | 2011 - 2024 |
| R. of Congo | 11.6 | 26 | 2013 - 2024 |
| Finland | 10.89 | 27 | 2011 - 2024 |
| North Macedonia | 10.88 | 28 | 2011 - 2024 |
| Malawi | 10.77 | 29 | 2011 - 2024 |
| Belgium | 10.48 | 30 | 2011 - 2024 |
| Nigeria | 10.25 | 31 | 2011 - 2024 |
| Philippines | 10.06 | 32 | 2011 - 2024 |
| UK | 9.97 | 33 | 2011 - 2024 |
| Croatia | 9.38 | 34 | 2011 - 2024 |
| South Africa | 9.37 | 35 | 2011 - 2024 |
| Kenya | 9.14 | 36 | 2011 - 2024 |
| Zambia | 9.07 | 37 | 2011 - 2024 |
| Mexico | 8.96 | 38 | 2011 - 2024 |
| Argentina | 8.93 | 39 | 2011 - 2024 |
| South Korea | 8.76 | 40 | 2011 - 2024 |
| Germany | 8.6 | 41 | 2011 - 2024 |
| Uruguay | 8.6 | 42 | 2011 - 2024 |
| Brazil | 8.49 | 43 | 2011 - 2024 |
| Portugal | 8.44 | 44 | 2011 - 2024 |
| Indonesia | 8.28 | 45 | 2011 - 2024 |
| Montenegro | 7.99 | 46 | 2011 - 2024 |
| Chile | 7.85 | 47 | 2011 - 2024 |
| Morocco | 7.71 | 48 | 2011 - 2024 |
| Tunisia | 7.53 | 49 | 2011 - 2024 |
| China | 7.4 | 50 | 2011 - 2024 |
| Austria | 7.38 | 51 | 2011 - 2024 |
| Iceland | 7.06 | 52 | 2011 - 2024 |
| Seychelles | 6.68 | 53 | 2011 - 2024 |
| Malaysia | 6.55 | 54 | 2011 - 2024 |
| Ukraine | 6.39 | 55 | 2011 - 2024 |
| Swaziland | 6.13 | 56 | 2011 - 2024 |
| Greece | 5.84 | 57 | 2011 - 2024 |
| Oman | 5.79 | 58 | 2011 - 2024 |
| Qatar | 5.62 | 59 | 2011 - 2024 |
| New Zealand | 5.45 | 60 | 2011 - 2024 |
| Latvia | 5.37 | 61 | 2011 - 2024 |
| Uganda | 5.34 | 62 | 2011 - 2024 |
| Angola | 5.32 | 63 | 2011 - 2024 |
| Cape Verde | 5.28 | 64 | 2011 - 2024 |
| Poland | 5.24 | 65 | 2011 - 2024 |
| Tr.&Tobago | 5.16 | 66 | 2011 - 2024 |
| Botswana | 4.98 | 67 | 2011 - 2024 |
| Netherlands | 4.89 | 68 | 2011 - 2024 |
| Armenia | 4.79 | 69 | 2011 - 2024 |
| Domin. Rep. | 4.75 | 70 | 2011 - 2024 |
| Malta | 4.63 | 71 | 2011 - 2024 |
| Slovakia | 4.41 | 72 | 2011 - 2024 |
| Cyprus | 4.35 | 73 | 2011 - 2024 |
| Slovenia | 4.27 | 74 | 2011 - 2024 |
| Algeria | 4.14 | 75 | 2015 - 2024 |
| Bangladesh | 4.05 | 76 | 2011 - 2024 |
| Australia | 3.97 | 77 | 2011 - 2024 |
| Romania | 3.92 | 78 | 2011 - 2024 |
| Norway | 3.72 | 79 | 2011 - 2024 |
| Kazakhstan | 3.7 | 80 | 2011 - 2024 |
| Mali | 3.63 | 81 | 2012 - 2024 |
| Burkina Faso | 3.62 | 82 | 2012 - 2024 |
| Barbados | 3.6 | 83 | 2012 - 2024 |
| India | 3.6 | 84 | 2011 - 2024 |
| Serbia | 3.51 | 85 | 2011 - 2024 |
| Lithuania | 3.37 | 86 | 2011 - 2024 |
| Kuwait | 3.36 | 87 | 2011 - 2024 |
| Togo | 3.36 | 88 | 2012 - 2024 |
| Burundi | 3.22 | 89 | 2011 - 2024 |
| Grenada | 3.1 | 90 | 2011 - 2024 |
| Denmark | 2.76 | 91 | 2011 - 2024 |
| Panama | 2.76 | 92 | 2011 - 2024 |
| Benin | 2.69 | 93 | 2012 - 2024 |
| Azerbaijan | 2.67 | 94 | 2011 - 2024 |
| Turkmenistan | 2.63 | 95 | 2016 - 2024 |
| San Marino | 2.54 | 96 | 2022 - 2024 |
| Bosnia & Herz. | 2.44 | 97 | 2011 - 2024 |
| Laos | 2.33 | 98 | 2014 - 2024 |
| Turkey | 2.28 | 99 | 2011 - 2024 |
| Cameroon | 2.22 | 100 | 2013 - 2024 |
| Djibouti | 2.1 | 101 | 2012 - 2024 |
| Ireland | 1.97 | 102 | 2011 - 2024 |
| Tanzania | 1.81 | 103 | 2011 - 2024 |
| Mauritania | 1.8 | 104 | 2011 - 2024 |
| Vietnam | 1.72 | 105 | 2011 - 2024 |
| Luxembourg | 1.67 | 106 | 2011 - 2024 |
| Switzerland | 1.65 | 107 | 2011 - 2024 |
| Colombia | 1.63 | 108 | 2011 - 2024 |
| Bulgaria | 1.62 | 109 | 2011 - 2024 |
| Georgia | 1.62 | 110 | 2011 - 2024 |
| Rwanda | 1.58 | 111 | 2011 - 2024 |
| Paraguay | 1.46 | 112 | 2011 - 2024 |
| Uzbekistan | 1.4 | 113 | 2011 - 2024 |
| Venezuela | 1.34 | 114 | 2011 - 2024 |
| Tajikistan | 1.23 | 115 | 2019 - 2024 |
| Estonia | 1.02 | 116 | 2012 - 2024 |
| Russia | 0.78 | 117 | 2011 - 2024 |
| Saudi Arabia | 0.69 | 118 | 2011 - 2024 |
| Guatemala | 0.68 | 119 | 2012 - 2024 |
| Kyrgyzstan | 0.63 | 120 | 2011 - 2024 |
| Liberia | 0.42 | 121 | 2013 - 2024 |
| S.T.&Principe | 0.3 | 122 | 2017 - 2024 |
| Brunei | 0.25 | 123 | 2015 - 2024 |
| Ecuador | 0.25 | 124 | 2011 - 2024 |
| Iraq | 0.21 | 125 | 2011 - 2024 |
| Haiti | 0.2 | 126 | 2023 - 2024 |
| Ethiopia | 0.11 | 127 | 2014 - 2024 |
| Ant.& Barb. | 0.08 | 128 | 2012 - 2024 |
| Nepal | 0.01 | 129 | 2016 - 2024 |
| Nicaragua | 0 | 130 | 2011 - 2024 |
| Zimbabwe | 0 | 131 | 2011 - 2024 |
Definition: General government debt with maturity of twelve months or less as percent of total government debt. Source: Kose, M. Ayhan, Sergio Kurlat, Franziska Ohnsorge, and Naotaka Sugawara. 2022. "A Cross-Country Database of Fiscal Space." Journal of International Money and Finance 128 (November): 102682.
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68.53
52.52
48.77
37.29
34.20
29.41
24.75
23.84
23.29
18.62
17.32
16.49
16.40
16.25
16.25
15.64
15.33
15.31
14.51
13.68
13.47
12.98
12.48
11.80
11.68
11.60
10.89
10.88
10.77
10.48
10.25
10.06
9.97
9.38
9.37
9.14
9.07
8.96
8.93
8.76
8.60
8.60
8.49
8.44
8.28
7.99
7.85
7.71
7.53
7.40
7.38
7.06
6.68
6.55
6.39
6.13
5.84
5.79
5.62
5.45
5.37
5.34
5.32
5.28
5.24
5.16
4.98
4.89
4.79
4.75
4.63
4.41
4.35
4.27
4.14
4.05
3.97
3.92
3.72
3.70
3.63
3.62
3.60
3.60
3.51
3.37
3.36
3.36
3.22
3.10
2.76
2.76
2.69
2.67
2.63
2.54
2.44
2.33
2.28
2.22
2.10
1.97
1.81
1.80
1.72
1.67
1.65
1.63
1.62
1.62
1.58
1.46
1.40
1.34
1.23
1.02
0.78
0.69
0.68
0.63
0.42
0.30
0.25
0.25
0.21
0.20
0.11
0.08
0.01
0.00
0.00
0
17.1
34.3
51.4
68.53
Short-term government debt in Europe Short-term government debt in Asia Short-term government debt in Africa Short-term government debt in North America Short-term government debt in South America Short-term government debt in Australia/Oceania Short-term government debt in the European union Short-term government debt in Sub Sahara Africa Short-term government debt in MENA Short-term government debt in South East Asia Short-term government debt in Latin America