External Debt
External debt of an economy represents actual current liabilities between residents and non-residents, based on debt instruments, at a certain date. The statistical research of the external debt includes standard reports for Gross External Debt and Gross External Claims.
The most used external debt indicator is the gross external debt, which at any given time is the outstanding amount of current and not contingent liabilities that require payment(s) of principal and /or interest by the debtor at some point(s) in the future and that are owed to nonresidents by residents of an economy.
External debt statistics also include indicators for net external debt i.e. the difference between the stock of gross external debt and gross external claims. In its structure, net external debt is identical with the gross external debt and claims, where the standard presentation contains classification by institutional sectors, maturity and debt instruments.
Latest developments:
At the end of the third quarter of 2023, the gross external debt amounted to Euro 11,072 million (or 78.3% of the forecasted GDP for 2023) which is a quarterly decrease of Euro 323 million, while gross external claims rose by Euro 155 million to Euro 6,918 million (or 48.9% of the forecasted GDP). The larger quarterly decrease in liabilities against claims led to a reduction of the net external debt by Euro 168 million, and at the end of September 2023 it amounted to Euro 4,154 million (or 29.4% of the forecasted GDP). Thus, the decrease in the net external debt in the third quarter stems from the decrease in the private net debt by Euro 128 million and in the public net debt by Euro 40 million. Read more...
Archive on External Debt
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