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.
At the end of the second quarter of 2021, the net external debt increased by Euro 107 million and amounted to Euro 3,395 million (29.3% of the GDP forecasted for 2021). Thus, the increase in the net external debt in the second quarter results from the increase in the public net debt by Euro 77 million and the private net debt by Euro 30 million. At the end of the second quarter of 2021, the gross external debt reached Euro 10,159 million (87.6% of the forecasted GDP) and registered a quarterly growth of Euro 353 million, while gross external claims increased by Euro 246 million and amounted to Euro 6,764 million (58.3% of the forecasted GDP). Read more...
Archive on External Debt
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