Table C4 - Gross External Debt Position by Instrument (USD millions)
Data are in millions
2025Q1
2025Q2
SDR allocations
Currency and Deposits
Debt Securities
Loans
Trade Credit and Advances
Other Debt Liabilities
Dir. Inv.Interco. Lend
Total
SDR allocations
Currency and Deposits
Debt Securities
Loans
Trade Credit and Advances
Other Debt Liabilities
Dir. Inv.Interco. Lend
Total
Argentina
6,745
282
84,093
112,506
21,522
1,242
54,869
281,259
7,038
304
87,207
131,299
21,576
1,147
56,472
305,043
Armenia
282
3,652
1,991
7,620
946
320
2,252
17,063
292
3,812
2,010
8,008
1,254
227
2,283
17,886
Australia
12,467
200,019
1,060,914
70,655
6
50
156,716
1,698,337
12,892
219,080
1,101,819
63,055
5
52
163,775
1,767,884
Austria
7,313
225,088
434,158
67,944
19,536
5,097
92,138
851,275
7,562
230,698
480,688
71,683
19,980
5,854
95,224
911,688
Belarus
0
2,992
2,733
19,217
8,601
1,436
2,232
37,213
0
2,801
2,677
19,476
8,944
1,467
2,344
37,709
Belgium
13,907
537,474
579,724
111,031
66,450
38,674
309,669
1,656,929
14,379
593,824
660,745
118,782
72,126
42,254
316,118
1,818,229
Brazil
17,898
590
210,452
248,122
4,784
0
263,931
745,777
18,508
689
228,113
249,721
3,592
0
266,282
766,905
Bulgaria
1,963
9,450
11,295
11,362
3,638
1,871
14,597
54,176
2,030
10,773
15,948
12,440
3,975
2,211
14,897
62,274
Canada
21,995
794,782
1,660,551
371,296
9,602
33,533
337,465
3,229,224
23,008
851,052
1,714,480
374,878
9,906
35,321
349,102
3,357,746
Chile
3,324
2,491
117,633
63,449
9,013
0
56,527
252,436
3,437
3,491
121,683
64,639
9,523
0
57,225
259,996
China
48,107
472,272
868,629
328,564
374,800
120,769
238,266
2,451,407
49,747
474,847
850,379
323,004
382,100
118,516
238,159
2,436,752
Colombia
3,585
556
67,028
91,518
5,570
1,449
33,456
203,162
3,706
403
69,018
92,662
5,704
1,464
34,079
207,036
Costa Rica
654
308
8,689
15,997
2,923
330
11,304
40,203
654
547
9,148
16,238
3,201
332
11,590
41,709
Croatia
1,375
8,225
12,222
19,211
6,701
3,826
12,128
63,687
1,422
12,207
13,638
20,884
7,705
3,732
13,327
72,915
Cyprus
563
13,505
7,181
92,891
6,976
9,078
111,627
252,638
583
14,695
7,380
100,454
7,668
19,708
121,123
273,062
Czechia
3,804
64,232
55,563
25,004
11,169
5,530
63,733
229,035
3,941
68,108
68,392
25,009
11,385
5,845
70,808
253,489
Denmark
6,414
117,043
278,511
53,311
12,493
21,751
132,909
622,432
6,632
137,830
293,510
50,223
12,778
22,725
148,390
672,087
Ecuador
1,272
0
14,104
44,700
0
0
0
60,076
1,315
0
14,104
44,081
0
0
0
59,500
Egypt, Arab Rep.
3,781
26,690
30,005
88,901
7,312
0
0
156,689
3,917
26,779
29,339
94,407
6,788
0
0
161,230
El Salvador
583
96
6,247
12,737
1,766
357
3,105
24,891
603
102
6,193
13,345
1,795
217
3,041
25,297
Estonia
394
11,516
8,839
7,744
2,580
3,399
8,842
43,316
408
12,161
10,134
8,441
2,732
3,709
9,758
47,344
Euro area
198,413
4,978,994
6,071,697
1,842,272
425,399
1,314,813
3,548,293
18,379,882
204,812
5,314,129
6,709,767
2,035,657
454,109
1,394,408
3,694,597
19,807,480
Finland
4,649
148,180
348,676
50,742
7,530
19,697
64,546
644,020
4,808
173,474
389,047
56,590
8,556
22,453
65,822
720,748
France
39,127
3,586,120
3,411,467
329,738
131,208
155,816
631,308
8,284,784
40,458
3,961,768
3,785,933
346,095
143,110
164,269
666,605
9,108,238
Georgia
462
3,985
2,404
14,920
863
150
2,697
25,479
477
4,016
2,473
15,713
895
233
2,725
26,532
Germany
49,935
2,359,251
2,404,488
537,831
182,486
256,544
1,320,464
7,110,999
51,634
2,551,524
2,694,918
632,283
192,413
284,876
1,440,370
7,848,018
Greece
4,133
192,338
43,517
376,092
1,197
38
11,080
628,395
4,274
205,272
48,269
411,829
1,297
41
12,156
683,138
Hong Kong SAR, China
0
980,473
115,100
422,394
32,609
58,769
312,091
1,921,436
0
1,005,070
123,900
416,438
34,723
63,115
326,257
1,969,503
Hungary
3,798
20,969
61,560
43,580
8,882
3,349
166,022
308,160
3,934
20,372
69,850
49,442
9,332
3,906
149,814
306,651
Iceland
562
1,032
10,113
3,852
1,497
2,545
5,974
25,574
581
1,208
12,045
3,965
1,409
2,824
6,938
28,968
India
21,987
167,598
130,104
250,109
131,164
0
34,972
735,932
22,737
171,749
125,152
259,789
131,887
0
35,849
747,163
Indonesia
8,537
18,468
204,990
142,792
4,593
5,305
46,176
430,861
8,839
21,526
201,475
147,130
3,960
5,338
45,077
433,343
Ireland
0
0
886,862
1,074,502
610,533
325,199
534,635
3,431,730
0
0
957,930
1,224,854
627,783
360,725
540,744
3,712,037
Israel
3,620
25,533
71,374
17,557
21,707
0
11,019
150,810
3,743
32,983
76,505
17,452
20,907
0
10,970
162,560
Italy
27,930
942,184
1,300,260
279,751
64,427
37,038
260,148
2,911,739
28,882
1,054,345
1,496,787
301,638
69,798
38,149
288,123
3,277,722
Japan
55,459
452,843
1,442,218
2,054,425
29,971
381,527
128,762
4,545,206
57,225
455,958
1,542,842
2,027,419
31,264
426,076
136,619
4,677,403
Jordan
215
15,850
7,245
18,204
1,342
799
0
44,387
222
16,025
6,200
18,960
1,324
870
0
44,100
Kazakhstan
1,932
9,477
14,844
36,375
12,272
2,534
93,064
170,499
2,002
9,236
15,251
37,757
13,173
2,787
92,567
172,773
Korea, Rep.
14,092
37,553
392,283
144,960
15,370
17,831
61,334
683,423
14,600
41,991
430,584
148,894
14,964
21,077
63,462
735,573
Kyrgyz Republic
169
961
3
6,370
2,764
169
1,834
12,269
194
1,026
703
6,437
2,400
156
1,829
12,746
Latvia
0
0
0
0
0
0
..
0
0
0
0
0
0
0
..
0
Lithuania
745
18,906
19,331
8,023
4,429
12,350
7,806
71,590
770
21,421
20,994
8,746
4,713
15,662
8,784
81,090
Luxembourg
2,011
638,722
1,063,084
442,380
24,587
367,424
1,291,823
3,830,031
2,079
678,050
1,144,138
471,665
26,518
400,223
1,315,694
4,038,367
Malaysia
0
33,914
164,170
62,167
0
42,831
..
310,237
0
34,423
180,040
63,932
0
47,410
..
332,768
Malta
341
15,351
1,900
16,173
3,745
35,426
133,464
206,400
0
0
0
0
0
0
..
0
Mauritius
309
11,648
9,757
51,942
189
24,278
79,643
177,767
320
10,749
10,365
51,293
203
24,523
80,433
177,886
Mexico
15,139
3,427
358,148
86,604
15,093
942
139,309
618,662
15,655
4,790
369,171
86,355
17,004
1,993
138,782
633,751
Moldova
375
198
0
5,968
2,144
49
1,904
10,638
389
210
0
6,543
2,271
48
1,948
11,409
Mongolia
157
1,040
3,865
14,085
1,285
0
17,612
38,043
0
0
0
0
0
0
..
0
Morocco
1,885
752
12,420
39,726
6,816
22
10,082
71,703
1,949
1,391
16,853
42,978
7,193
24
11,416
81,804
Namibia
417
414
840
2,269
702
74
5,259
9,974
434
307
840
2,274
828
90
5,603
10,376
Netherlands
17,609
869,628
1,722,874
295,461
54,640
93,169
1,313,392
4,366,773
18,204
1,013,466
1,872,678
306,111
57,305
97,003
1,387,975
4,752,741
New Zealand
2,745
24,787
147,396
19,899
7,001
6,646
27,964
236,439
2,836
25,406
162,579
19,999
8,322
6,117
29,836
255,095
North Macedonia
267
359
1,715
5,450
1,403
0
3,808
13,002
276
480
1,863
5,883
1,505
0
4,224
14,231
Norway
6,877
180,794
332,187
123,906
6,410
36,850
73,125
760,150
7,143
187,362
360,498
112,881
6,671
40,420
75,210
790,185
Peru
2,510
1,464
51,941
37,614
0
699
0
94,227
2,595
1,037
55,468
35,416
0
534
0
95,051
Philippines
3,711
2,843
49,076
83,264
3,701
0
4,141
146,737
3,842
2,672
50,245
83,754
3,771
0
4,590
148,873
Poland
6,952
38,863
131,098
143,770
29,117
9,866
134,369
494,035
7,198
45,564
143,439
153,501
31,200
7,818
143,315
532,035
Portugal
3,713
178,937
118,837
88,731
12,699
14,805
54,491
472,213
3,839
198,301
140,359
95,701
13,926
15,593
58,393
526,112
Romania
3,614
8,593
88,734
35,596
15,405
17,058
53,642
222,642
3,738
9,532
98,531
40,818
17,394
20,028
59,449
249,490
Russian Federation
0
0
24,854
144,367
0
88,340
55,117
312,678
0
0
26,395
147,253
0
89,167
57,968
320,782
Saudi Arabia
21,609
92,726
207,802
95,637
0
0
0
417,774
22,341
92,990
214,366
102,564
0
0
0
432,262
Seychelles
40
117
114
1,480
548
1,056
3,242
6,597
42
112
114
1,487
576
1,104
3,283
6,717
Singapore
5,954
1,037,217
248,780
180,322
128,021
164,500
453,669
2,218,463
6,139
1,098,677
256,576
182,203
135,922
175,538
477,953
2,333,007
Slovak Republic
1,723
34,490
56,472
29,603
5,486
2,241
19,291
149,306
1,786
40,988
62,179
30,887
5,828
1,936
21,276
164,880
Slovenia
1,039
13,156
24,098
12,088
7,049
2,120
7,786
67,336
1,074
14,638
26,353
13,758
7,416
2,101
8,490
73,830
South Africa
0
17,757
79,028
46,562
4,631
1,558
23,554
173,090
0
17,944
84,842
45,345
5,343
1,478
24,292
179,244
Spain
15,898
1,062,490
1,115,227
215,477
34,294
36,645
351,635
2,831,667
16,439
1,135,954
1,258,382
232,287
36,246
36,657
382,664
3,098,629
Sri Lanka
1,260
7,177
7,599
33,132
573
0
6,503
56,244
1,306
6,836
7,480
33,282
538
0
6,627
56,069
Sweden
8,697
257,199
481,854
64,274
18,868
24,680
230,845
1,086,418
8,949
270,095
537,710
68,408
20,784
27,929
238,966
1,172,840
Switzerland
11,729
877,926
254,304
333,156
35,827
126,975
671,642
2,311,560
12,102
932,167
270,539
344,147
35,579
140,975
714,561
2,450,069
Thailand
5,402
6,811
50,259
75,038
29,354
3,995
26,416
197,275
5,597
7,426
49,601
75,698
30,820
4,227
27,820
201,189
Tunisia
1,056
6,407
1,711
20,802
10,431
123
0
40,530
1,097
6,924
1,856
21,726
11,223
115
0
42,942
Turkiye
7,194
93,137
151,007
201,274
57,440
0
12,933
522,985
7,450
95,951
156,595
210,760
62,139
0
14,804
547,698
Ukraine
4,302
988
24,151
128,756
10,209
280
21,867
190,553
4,449
1,030
24,237
144,401
12,391
293
21,678
208,479
United Kingdom
38,778
4,963,025
2,479,906
1,951,072
1,638
138,742
666,525
10,239,688
40,468
5,267,623
2,665,738
2,081,806
1,635
147,586
697,243
10,902,098
United States
152,617
3,848,014
16,832,214
5,169,073
319,787
0
1,775,310
28,097,015
0
0
0
0
0
0
..
0
Uruguay
936
3,578
18,715
11,063
4,132
468
8,054
46,945
968
3,711
19,095
11,286
4,405
481
7,624
47,570
Uzbekistan
1,056
3,324
9,963
52,801
1,774
872
5,122
74,912
1,092
3,334
11,954
54,325
1,476
908
5,434
78,523
West Bank and Gaza
0
639
0
1,166
0
0
11
1,816
0
644
0
1,126
0
0
11
1,781
Source - QEDS/SDDS Table 1
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