Table C4 - Gross External Debt Position by Instrument (USD millions)
Data are in millions
2025Q4
2026Q1
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
6,930
324
94,687
141,063
21,691
1,361
53,466
319,522
6,881
391
95,987
141,787
21,932
1,474
53,330
321,783
Armenia
291
3,879
2,136
9,067
1,288
352
2,042
19,055
288
4,029
2,381
9,552
1,415
297
2,017
19,979
Australia
12,849
233,372
1,170,232
217,844
8,847
9,598
159,929
1,841,541
12,726
223,037
1,217,554
223,220
10
186
164,528
1,892,481
Austria
7,540
235,300
478,374
66,341
20,303
5,876
91,684
905,416
7,479
255,665
481,325
73,050
22,097
5,649
90,411
935,680
Belarus
0
2,705
2,687
19,552
9,554
1,507
2,328
38,334
0
2,267
2,188
19,305
10,728
1,488
2,319
38,296
Belgium
14,336
583,516
679,923
123,629
65,108
52,210
312,672
1,831,394
14,222
604,703
672,300
123,191
62,033
51,259
310,344
1,838,051
Brazil
18,459
893
252,264
270,083
3,446
0
274,324
819,469
18,271
752
270,130
281,506
3,419
0
281,570
855,647
Bulgaria
2,023
12,372
18,351
12,825
4,486
2,252
16,534
68,844
1,997
24,736
16,556
12,612
4,625
2,392
16,721
79,640
Canada
22,671
876,159
1,807,560
418,346
10,666
35,330
315,646
3,486,378
22,454
875,788
1,822,182
393,249
10,368
34,738
312,917
3,471,695
Chile
3,424
3,208
133,221
69,566
10,169
0
57,833
277,421
3,390
3,499
136,678
70,706
9,564
0
58,453
282,290
China
49,584
472,838
685,646
308,703
421,400
105,429
285,228
2,328,829
0
0
0
0
0
0
..
0
Colombia
3,695
386
108,234
92,865
5,989
1,668
33,961
246,801
0
0
0
0
0
0
..
0
Costa Rica
699
435
10,302
16,330
2,880
351
12,091
43,089
693
379
11,507
16,137
3,137
347
12,286
44,485
Croatia
1,417
12,044
12,782
21,952
6,797
4,243
13,896
73,131
1,404
13,842
14,105
21,961
7,527
4,126
13,693
76,658
Cyprus
581
16,096
6,992
100,078
7,588
20,213
111,716
264,596
575
15,692
6,513
98,764
5,621
19,820
110,366
260,618
Czechia
3,934
75,117
81,378
25,984
11,463
4,577
72,987
275,438
3,897
80,969
75,773
24,364
13,085
4,923
70,625
273,636
Denmark
6,615
127,368
310,063
47,785
17,032
17,732
164,038
690,635
6,559
133,049
304,438
49,915
14,571
20,034
158,288
686,854
Ecuador
1,311
0
14,102
45,919
0
0
0
61,332
1,298
0
14,886
45,353
0
0
0
61,538
Egypt, Arab Rep.
3,904
27,764
29,403
93,375
9,465
0
0
163,911
3,867
28,336
27,379
96,040
9,153
0
0
164,776
El Salvador
601
936
6,885
13,970
1,809
361
2,690
27,253
596
984
6,835
14,084
1,809
366
2,800
27,473
Estonia
406
13,103
11,068
8,366
2,686
3,488
9,694
48,812
403
12,579
11,275
8,328
2,872
3,748
9,089
48,295
Euro area
206,241
5,166,071
6,819,573
2,150,643
487,490
1,448,375
3,649,222
19,927,615
204,522
5,322,685
6,842,955
2,124,447
490,034
1,633,046
3,532,456
20,150,146
Finland
4,794
123,164
406,065
55,048
8,723
19,571
66,736
684,100
4,756
113,882
404,186
55,487
9,117
28,593
65,940
681,960
France
40,337
3,951,475
3,828,288
354,498
141,428
171,694
650,303
9,138,022
40,014
3,984,544
3,876,941
354,888
144,261
206,314
626,458
9,233,420
Georgia
475
4,210
2,919
15,835
899
75
2,447
26,859
471
4,536
3,092
15,509
922
124
2,459
27,113
Germany
51,478
2,457,904
2,812,386
737,425
193,461
289,937
1,418,977
7,961,569
51,066
2,707,426
2,819,933
709,991
196,146
288,657
1,352,314
8,125,533
Greece
4,260
215,719
54,158
405,706
1,301
40
12,825
694,009
4,219
217,979
55,333
395,750
1,273
30
12,648
687,231
Hong Kong SAR, China
0
1,039,777
149,596
444,991
41,548
64,174
322,386
2,062,473
0
1,081,628
166,623
438,795
45,578
77,941
310,926
2,121,492
Hungary
3,925
21,316
77,263
51,233
9,519
3,874
145,809
312,939
3,887
23,031
79,488
52,196
10,715
3,877
140,437
313,632
Iceland
579
1,328
12,311
3,716
1,203
2,977
7,200
29,313
574
1,175
12,266
3,581
1,229
2,942
7,386
29,154
India
22,662
173,889
125,791
259,912
148,306
0
36,866
767,426
22,445
170,371
123,001
264,884
144,870
0
37,194
762,766
Indonesia
8,822
22,684
196,810
147,366
5,204
5,368
46,932
433,185
8,738
23,607
198,855
146,807
4,100
5,157
46,115
433,379
Ireland
0
0
1,000,604
1,206,838
691,147
351,660
557,637
3,807,886
0
0
992,739
1,216,759
773,897
368,271
536,906
3,888,571
Israel
3,748
29,541
78,347
16,794
26,584
0
10,456
165,470
3,695
31,328
85,974
17,226
26,622
0
10,349
175,194
Italy
28,786
1,050,731
1,539,050
317,724
72,310
40,479
269,299
3,318,379
28,512
1,003,348
1,538,323
316,494
70,966
37,908
267,765
3,263,315
Japan
57,183
491,706
1,519,177
1,977,506
28,835
442,894
144,927
4,662,228
56,654
451,427
1,537,241
2,000,341
27,920
536,122
155,437
4,765,143
Jordan
222
16,509
6,526
20,106
1,293
1,137
..
45,792
220
17,156
5,887
20,396
1,196
1,101
..
45,956
Kazakhstan
1,998
9,439
22,094
43,259
12,750
2,404
89,897
181,842
1,979
8,971
23,195
45,043
13,299
2,912
87,378
182,778
Korea, Rep.
14,571
42,967
454,225
153,176
17,075
20,288
67,851
770,153
14,434
48,185
440,380
158,964
17,847
23,921
70,660
774,390
Kyrgyz Republic
233
1,117
703
7,612
2,388
117
1,708
13,878
250
1,127
718
7,533
2,388
96
1,708
13,820
Latvia
0
0
0
0
0
0
..
0
0
0
0
0
0
0
..
0
Lithuania
768
23,814
22,985
8,608
4,689
22,565
8,710
92,138
761
23,843
25,360
9,113
5,758
28,267
8,795
101,898
Luxembourg
2,073
694,477
1,164,443
540,165
29,392
413,364
1,243,000
4,086,914
2,056
687,276
1,158,458
540,473
29,346
431,781
1,199,042
4,048,433
Malaysia
0
37,352
185,862
65,313
0
48,508
0
343,973
0
39,741
192,758
66,521
0
50,918
0
356,573
Malta
351
15,435
2,477
16,787
4,199
34,511
153,090
226,850
349
17,156
2,462
16,988
4,180
35,005
151,359
227,499
Mauritius
320
12,507
9,361
57,665
234
28,041
83,945
192,072
316
12,831
9,079
57,773
175
28,776
84,314
193,264
Mexico
15,604
5,302
375,408
88,121
13,170
3,509
144,413
645,527
15,454
4,829
385,624
83,850
14,160
3,992
145,771
653,681
Moldova
390
242
1
6,964
2,309
46
1,944
11,897
386
243
1
7,094
2,378
46
1,939
12,088
Mongolia
162
1,227
4,573
14,587
1,509
0
18,219
40,277
160
1,042
4,559
14,779
1,068
0
18,608
40,218
Morocco
1,943
785
16,177
44,105
6,845
24
11,635
81,514
1,932
1,209
15,780
44,078
6,787
24
12,139
81,948
Namibia
431
289
101
2,883
1,171
64
5,432
10,372
0
0
0
0
0
0
..
0
Netherlands
18,181
981,131
1,928,792
336,513
62,220
72,543
1,468,965
4,868,345
18,032
994,437
1,923,884
347,924
57,222
107,164
1,420,179
4,868,842
New Zealand
2,824
26,404
165,011
22,471
2,646
3,943
30,015
253,379
2,800
31,472
167,770
19,971
2,624
4,102
29,574
258,314
North Macedonia
275
745
1,836
5,807
1,532
0
4,150
14,345
273
780
2,402
5,695
1,458
0
4,257
14,864
Norway
7,105
177,483
370,757
180,618
7,302
36,387
75,939
855,592
7,040
191,838
380,682
156,118
9,854
51,345
78,306
875,183
Peru
2,587
734
54,998
34,930
0
646
0
93,896
2,562
871
53,949
33,618
0
693
0
91,694
Philippines
3,829
5,950
48,946
81,554
3,252
0
4,120
147,651
3,792
5,322
47,527
82,753
3,728
0
4,230
147,351
Poland
7,216
38,856
155,566
168,389
30,310
6,856
138,561
545,754
7,090
48,500
157,815
162,813
31,972
7,174
137,178
552,542
Portugal
3,826
204,600
140,044
91,455
14,142
14,457
55,324
523,848
3,794
210,155
142,903
90,129
13,466
14,883
57,142
532,472
Romania
3,727
10,531
113,683
45,575
16,439
17,950
60,539
268,444
3,702
9,728
111,171
46,691
16,695
18,078
56,908
262,973
Russian Federation
0
0
26,692
146,829
0
79,279
53,968
306,767
0
0
26,467
140,918
0
79,727
51,951
299,064
Saudi Arabia
22,268
94,437
244,516
117,696
0
0
0
478,918
22,055
102,252
271,658
117,716
0
0
0
513,682
Seychelles
41
95
104
1,527
627
1,153
3,459
7,005
41
104
96
1,490
650
1,205
3,501
7,085
Singapore
6,128
1,144,185
288,202
187,024
149,421
176,971
520,883
2,472,814
6,069
1,207,774
275,500
194,201
159,549
198,309
539,331
2,580,733
Slovak Republic
1,780
33,930
66,971
29,146
4,349
4,768
21,073
162,018
1,766
37,201
67,311
27,371
5,082
2,436
20,861
162,026
Slovenia
1,070
15,418
25,919
13,590
7,107
2,053
8,447
73,604
1,062
15,420
26,804
13,602
7,594
2,585
8,455
75,522
South Africa
0
20,245
95,524
53,040
5,602
1,955
23,940
200,307
0
20,386
88,779
53,792
5,341
2,477
25,157
195,932
Spain
16,390
1,224,193
1,295,892
242,799
35,096
36,789
387,529
3,238,688
16,258
1,265,313
1,315,045
237,085
37,980
33,487
379,671
3,284,839
Sri Lanka
1,301
6,556
8,181
31,215
391
0
7,162
54,807
1,289
6,553
7,926
31,027
468
0
7,263
54,525
Sweden
8,951
229,415
527,911
73,455
23,419
26,977
233,381
1,123,508
8,863
272,375
526,347
74,750
22,766
28,455
223,039
1,156,596
Switzerland
12,067
909,537
312,088
352,010
38,006
143,340
731,923
2,498,971
11,977
942,196
307,132
352,938
38,406
142,925
732,446
2,528,020
Thailand
5,560
8,193
51,469
77,952
31,107
5,070
29,864
209,215
5,542
7,514
49,378
80,689
32,377
3,905
30,337
209,743
Tunisia
1,090
6,863
1,760
21,249
13,606
99
0
44,667
1,095
6,879
1,752
20,803
12,790
105
0
43,424
Turkiye
7,436
91,697
101,653
238,455
63,566
0
17,675
520,482
7,367
89,617
98,920
239,117
64,724
0
18,761
518,506
Ukraine
4,434
1,096
27,518
169,394
11,902
306
22,013
236,663
4,391
1,140
27,664
167,034
14,099
324
22,068
236,720
United Kingdom
40,334
5,513,554
2,732,766
1,891,499
1,636
143,815
693,114
11,016,719
39,948
5,727,636
2,707,767
1,962,532
1,637
140,709
602,661
11,182,890
United States
157,304
4,033,607
17,520,297
5,545,693
335,809
0
1,834,700
29,427,410
155,798
4,146,034
17,906,870
5,820,163
357,970
0
1,810,126
30,196,961
Uruguay
966
3,828
20,130
11,665
3,846
388
8,828
49,652
956
3,653
19,370
11,487
4,527
368
10,196
50,557
Uzbekistan
1,088
3,660
13,605
61,689
2,542
634
6,106
89,326
1,078
4,160
13,368
62,060
2,491
495
6,241
89,893
West Bank and Gaza
0
651
0
1,076
0
0
11
1,738
0
652
0
1,066
0
0
11
1,729
Source - QEDS/SDDS Table 1
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