Table C4 - Gross External Debt Position by Instrument (USD millions)
Data are in millions
2025Q2
2025Q3
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
7,038
304
88,507
131,451
21,786
1,494
56,657
307,238
7,027
288
87,900
137,909
22,826
1,661
59,324
316,935
Armenia
292
3,812
1,938
8,005
1,254
228
2,284
17,813
291
3,908
2,051
8,170
1,018
282
2,049
17,769
Australia
12,892
220,996
1,099,924
213,465
8,612
196
164,828
1,756,062
12,863
218,506
1,142,969
212,062
8,647
8,942
160,827
1,794,418
Austria
7,562
230,781
480,507
69,597
19,981
5,819
98,163
912,410
7,546
248,728
484,326
70,236
20,557
5,915
96,450
933,758
Belarus
0
2,801
2,677
19,476
8,944
1,467
2,344
37,709
0
2,749
2,667
19,022
8,927
1,455
2,333
37,153
Belgium
14,379
594,476
659,719
121,178
64,159
44,127
315,072
1,813,110
14,349
608,583
666,789
125,145
60,730
44,509
314,108
1,834,213
Brazil
18,508
689
228,113
249,728
3,592
0
266,282
766,912
18,468
778
243,751
263,945
3,457
0
273,819
804,218
Bulgaria
2,030
10,773
15,949
12,563
4,102
2,244
15,544
63,204
2,025
11,067
18,297
12,670
3,397
2,165
15,443
65,064
Canada
23,008
845,443
1,715,134
379,527
10,008
35,498
316,735
3,325,351
22,671
857,794
1,758,207
362,326
10,011
34,787
313,182
3,358,979
Chile
3,437
3,491
121,610
63,892
9,611
0
57,414
259,455
3,428
3,267
127,614
67,427
10,164
0
57,507
269,408
China
49,747
474,847
850,379
323,004
382,100
118,516
238,159
2,436,752
0
0
0
0
0
0
..
0
Colombia
3,706
403
72,607
89,459
5,704
1,465
33,920
207,264
3,699
401
75,281
90,522
5,913
1,568
34,200
211,584
Costa Rica
702
547
8,664
16,388
3,364
332
10,468
40,464
725
367
8,639
17,371
3,699
335
10,650
41,784
Croatia
1,422
12,207
13,638
20,818
7,833
3,732
13,345
72,995
1,419
9,086
13,261
21,431
6,847
4,026
14,826
70,896
Cyprus
583
14,695
7,380
100,454
7,668
19,708
121,123
273,062
581
15,181
7,484
100,628
7,611
9,634
122,890
275,759
Czechia
3,941
68,108
68,392
24,995
11,126
5,845
71,153
253,561
3,930
75,134
73,316
25,421
12,298
4,957
72,746
267,802
Denmark
6,632
137,830
293,263
51,041
11,964
22,666
149,326
672,723
6,618
123,652
300,320
50,690
12,471
22,694
157,056
673,500
Ecuador
1,315
0
14,104
46,607
0
0
0
62,026
1,312
0
14,102
45,321
0
0
0
60,735
Egypt, Arab Rep.
3,917
26,779
29,339
94,407
6,788
0
0
161,230
3,909
27,099
29,050
94,368
9,289
0
0
163,714
El Salvador
603
102
6,193
13,310
1,795
217
3,103
25,323
602
106
6,782
13,631
1,727
383
2,914
26,145
Estonia
408
12,161
10,134
8,459
2,705
3,695
9,765
47,328
407
12,654
10,507
8,387
2,798
3,879
10,550
49,182
Euro area
204,812
5,304,836
6,684,420
2,035,948
454,402
1,386,774
3,705,877
19,777,069
204,387
5,225,522
6,794,111
2,089,651
465,014
1,449,816
3,681,105
19,909,605
Finland
4,808
173,474
389,351
56,897
8,836
22,500
66,001
721,866
4,797
127,679
396,165
55,352
8,375
23,680
67,357
683,405
France
40,458
3,962,648
3,785,933
342,072
143,036
164,620
661,944
9,100,711
40,372
3,977,001
3,853,923
343,335
143,706
181,931
636,387
9,176,654
Georgia
477
4,016
2,473
15,674
898
233
2,725
26,496
476
4,208
2,941
15,909
861
129
2,781
27,305
Germany
51,634
2,551,524
2,673,933
632,283
192,413
284,917
1,440,370
7,827,074
51,523
2,547,655
2,750,569
683,837
193,243
292,581
1,449,781
7,969,188
Greece
4,274
205,272
49,540
411,717
1,297
41
12,156
684,297
4,264
204,710
51,228
412,029
1,300
41
12,297
685,869
Hong Kong SAR, China
0
1,005,070
123,900
416,438
34,723
63,115
326,257
1,969,503
0
1,012,540
143,314
426,213
37,219
71,106
333,006
2,023,398
Hungary
3,934
20,372
69,832
49,348
9,449
3,905
150,310
307,150
3,923
21,652
73,827
46,435
9,727
3,910
142,158
301,631
Iceland
581
1,208
12,045
3,949
1,560
2,824
7,144
29,310
584
1,209
12,041
3,974
1,289
2,911
7,338
29,346
India
22,737
171,749
125,159
260,183
131,087
0
35,804
746,718
22,687
168,875
125,735
258,308
133,987
0
36,395
745,986
Indonesia
8,839
21,526
201,495
147,374
4,258
5,342
43,505
432,339
8,814
22,078
193,515
146,307
4,545
5,814
43,339
424,412
Ireland
0
0
957,930
1,224,854
627,783
360,725
540,744
3,712,037
0
0
985,123
1,205,917
647,588
372,845
536,173
3,747,647
Israel
3,743
32,983
76,505
17,382
21,647
0
10,792
163,052
3,735
30,304
74,278
17,298
24,057
0
10,716
160,388
Italy
28,882
1,054,345
1,496,787
301,638
69,798
38,149
288,123
3,277,722
28,818
1,078,642
1,500,712
316,109
69,468
42,717
281,498
3,317,964
Japan
57,225
455,958
1,542,341
2,027,957
28,109
426,534
136,421
4,674,545
57,049
454,621
1,525,321
2,031,608
28,640
451,536
135,854
4,684,629
Jordan
222
16,181
6,200
18,960
1,324
870
..
44,257
222
16,356
6,199
19,213
1,276
907
..
44,672
Kazakhstan
2,002
9,236
15,250
37,805
13,284
2,786
92,069
172,433
1,996
8,827
17,639
39,063
13,082
2,110
88,695
171,413
Korea, Rep.
14,600
41,991
430,584
148,894
14,964
21,077
63,462
735,573
14,559
45,466
429,491
145,270
16,975
19,851
66,470
738,081
Kyrgyz Republic
194
1,026
703
6,437
2,400
156
1,831
12,748
213
1,205
703
6,403
2,358
136
1,812
12,830
Latvia
0
0
0
0
0
0
..
0
0
0
0
0
0
0
..
0
Lithuania
770
21,421
20,994
8,746
4,713
15,662
8,784
81,090
768
22,014
23,241
8,739
4,707
18,720
8,334
86,523
Luxembourg
2,079
678,050
1,142,453
481,176
26,518
395,741
1,336,045
4,062,061
2,075
690,903
1,155,278
511,072
26,425
404,711
1,311,326
4,101,789
Malaysia
0
34,423
180,040
63,932
0
47,410
..
332,768
0
34,909
174,989
63,075
0
47,861
..
327,694
Malta
353
13,352
2,237
17,029
4,105
37,694
149,568
224,338
352
13,583
2,310
17,340
4,155
39,593
151,399
228,732
Mauritius
320
10,749
9,546
54,117
203
26,047
84,832
185,814
319
11,419
9,195
53,344
202
25,864
85,002
185,346
Mexico
15,655
4,789
369,882
86,342
17,001
1,993
137,448
633,110
15,620
4,787
389,882
89,056
13,942
1,396
142,793
657,477
Moldova
389
210
0
6,557
2,279
48
1,932
11,414
388
230
1
6,648
2,367
47
1,919
11,600
Mongolia
0
0
0
0
0
0
..
0
0
0
0
0
0
0
..
0
Morocco
1,949
1,355
16,826
42,984
7,308
24
11,311
81,757
1,945
730
16,700
43,065
6,914
24
11,299
80,677
Namibia
434
297
840
2,263
841
90
5,652
10,418
430
279
844
2,244
897
276
5,832
10,802
Netherlands
18,204
1,013,448
1,872,816
306,947
57,477
97,226
1,380,959
4,747,077
18,156
1,018,662
1,888,329
301,787
57,229
106,112
1,398,071
4,788,346
New Zealand
2,836
25,382
162,658
20,077
8,276
6,103
30,548
255,879
2,823
25,786
160,954
18,843
8,179
4,795
29,592
250,972
North Macedonia
276
480
1,863
5,888
1,512
0
4,232
14,251
276
499
1,812
5,912
1,510
0
4,233
14,242
Norway
7,143
187,362
360,506
113,661
6,639
40,444
77,603
793,358
7,105
190,865
363,079
115,694
6,884
46,322
78,665
808,614
Peru
2,595
1,037
55,413
35,208
0
573
0
94,827
2,590
994
54,419
36,404
0
582
0
94,989
Philippines
3,842
5,646
50,245
80,780
3,771
0
4,590
148,873
3,833
5,556
51,212
80,475
3,379
0
4,638
149,093
Poland
7,198
45,564
143,443
153,676
31,335
7,730
144,674
533,620
7,183
42,783
149,166
156,452
30,812
6,044
140,839
533,279
Portugal
3,839
198,301
140,359
95,701
13,926
15,593
58,393
526,112
3,830
198,984
145,978
96,895
13,973
15,418
59,057
534,136
Romania
3,738
9,532
98,530
40,667
17,159
18,729
60,220
248,575
3,729
9,413
107,852
43,848
16,799
18,342
60,019
260,002
Russian Federation
0
0
26,395
147,080
0
90,613
58,306
322,394
0
0
26,528
145,480
0
81,436
54,620
308,064
Saudi Arabia
22,341
92,990
214,366
102,564
0
0
0
432,262
22,292
91,139
238,503
105,401
0
0
0
457,335
Seychelles
42
112
114
1,488
568
1,104
3,283
6,709
41
111
106
1,480
589
1,135
3,327
6,790
Singapore
6,139
1,100,237
252,342
187,004
136,822
176,506
463,234
2,322,284
6,134
1,096,561
251,541
190,206
132,924
184,089
467,397
2,328,852
Slovak Republic
1,786
41,003
62,179
30,887
5,828
1,936
21,565
165,184
1,806
39,726
64,332
30,276
4,799
1,593
21,391
163,924
Slovenia
1,074
14,638
26,353
13,713
7,394
2,119
8,495
73,785
1,072
15,222
25,816
13,979
7,198
2,353
9,003
74,642
South Africa
0
17,944
85,835
45,345
5,343
1,478
24,292
180,237
0
19,318
90,476
51,806
5,725
1,630
24,093
193,047
Spain
16,439
1,135,954
1,257,780
232,668
36,684
36,716
384,136
3,100,376
16,404
1,142,778
1,281,563
249,821
36,835
41,135
382,722
3,151,257
Sri Lanka
1,306
6,836
7,480
33,118
538
0
6,627
55,904
1,303
6,575
8,013
33,219
510
0
6,767
56,387
Sweden
8,949
270,094
526,180
73,479
20,784
27,943
236,189
1,163,617
8,942
262,104
532,515
72,780
20,882
33,499
236,052
1,166,774
Switzerland
12,102
932,167
270,375
341,911
35,471
140,975
717,731
2,450,732
12,103
942,501
283,405
333,899
35,870
142,047
700,311
2,450,136
Thailand
5,597
7,426
49,602
75,874
29,702
4,227
27,891
200,319
5,582
7,434
50,299
74,691
31,722
4,038
29,249
203,014
Tunisia
1,097
6,924
1,856
21,720
11,223
115
0
42,937
1,091
6,756
1,816
21,301
11,430
142
0
42,535
Turkiye
7,450
95,951
157,702
211,353
62,147
0
14,814
549,417
7,430
94,275
169,468
218,052
60,589
0
15,082
564,897
Ukraine
4,449
1,030
24,237
144,401
11,388
293
21,678
207,476
4,439
1,066
24,010
153,089
11,444
313
21,881
216,242
United Kingdom
40,468
5,267,771
2,665,760
1,972,001
1,635
147,580
722,404
10,817,618
40,378
5,415,725
2,675,808
2,013,425
1,633
143,483
721,508
11,011,960
United States
157,820
3,950,410
16,971,280
5,343,067
326,318
0
1,855,396
28,604,291
157,472
3,991,502
17,273,097
5,495,632
333,799
0
1,876,407
29,127,909
Uruguay
968
3,711
19,095
11,279
4,398
482
7,717
47,651
966
3,781
19,187
11,377
4,348
433
7,693
47,786
Uzbekistan
1,092
3,334
11,801
54,832
1,476
906
5,688
79,129
1,090
3,455
13,021
55,899
2,127
767
6,000
82,359
West Bank and Gaza
0
644
0
1,126
0
0
11
1,781
0
692
0
1,125
0
0
11
1,828
Source - QEDS/SDDS Table 1
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