NPL Short-term debt (% of total external debt) 2024: Interactive Chart & Historical Data

Current level: 4.17 (2024-01-01)

Short-term debt (% of total external debt) tracks the fiscal position and borrowing levels of NPL. Debt indicators are essential for assessing sovereign creditworthiness, fiscal sustainability, and the government's capacity to respond to economic shocks. Investors and rating agencies monitor debt levels to evaluate default risk, currency stability, and the long-term trajectory of public finances. In NPL, Short-term debt (% of total external debt) is influenced by tax revenues, government spending programs, interest rates, and economic growth. High or rapidly growing debt can constrain future policy options, while prudent fiscal management supports investor confidence and lower borrowing costs. The most recent data point shows 4.17 as of 2024-01-01. This dataset spans 1970–2024, covering 55 annual observations. Data is sourced from World Bank and updated regularly on EconDash. Use EconDash's interactive chart to explore debt dynamics over time, compare NPL with fiscal peers, and analyze debt-to-GDP ratios.