Thailand Short-term Debt
Short-term debt as % of total external debt DT.DOD.DSTC.ZS
Thailand's short-term debt was 36.36% in 2025, ranked 7th globally. This represents a 0.5% increase from 2024. Data from World Bank, covering 1970–2025.
Overview
Thailand's short-term debt stood at 36.36% in 2025, a rise of +0.19% from 2024. Based on recent trends, this figure is projected to reach 36.36% by 2025. Thailand ranked 7th globally.
Thailand’s short‑term debt ratio stood at 36.36 % of GDP in 2025, placing it seventh among the world’s economies according to the World Bank. The indicator has risen steadily since the earliest available observation in 1970 (27.48 %), reaching an all‑time peak of 47.27 % in 2010 before retreating to a trough of 13.07 % in 1987. Over the 56‑year series, the upward trajectory since the late 2000s reflects tighter financing conditions and higher reliance on short‑term borrowing to fund fiscal deficits, a pattern mirrored in neighboring Jordan, whose 2025 short‑term debt sits at 37.50 %. While Thailand remains below the peak level, the modest increase from 2024 suggests that continued external shocks or domestic budgetary pressures could push the ratio higher, whereas a shift toward longer‑term financing would be required to reverse the current trend.
Data & projection
| Year | Short-term Debt | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 37.66% | - | - |
| 2026* trend | 37.01% | - | - |
| 2025* trend | 36.36% | - | - |
| 2025 | 36.36% | +0.19% | #7 |
| 2024 | 36.17% | +0.82% | #112 |
| 2023 | 35.36% | +1.38% | #114 |
| 2022 | 33.98% | +2.06% | #116 |
| 2021 | 31.91% | −2.74% | #116 |
| 2020 | 34.65% | +4.51% | #116 |
| 2019 | 30.14% | −1.20% | #112 |
| 2018 | 31.33% | −7.31% | #112 |
| 2017 | 38.65% | +3.56% | #116 |
| 2016 | 35.09% | −0.04% | #114 |
| 2015 | 35.13% | −3.02% | #113 |
| 2014 | 38.15% | −2.09% | #112 |
| 2013 | 40.24% | +1.74% | #114 |
| 2012 | 38.49% | −1.69% | #114 |
| 2011 | 40.18% | −7.09% | #115 |
Detected Pattern
Analysis
Thailand matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw short-term debt improve within 24 months. View full analysis →
Frequently Asked Questions
Thailand's short-term debt was 36.36% in 2025. Ranked 7th globally. This represents a 0.5% increase from the previous year.
Thailand's short-term debt peaked at 47.27% in 2010.
The lowest short-term debt in Thailand was 13.07% in 1987.
Thailand ranks 7th globally in short-term debt as of 2025.
The World Bank indicator code is DT.DOD.DSTC.ZS. Data sourced from World Bank.
Thailand's short-term debt is projected to reach 36.36% by 2025 based on trend extrapolation.
The short-term debt of Thailand in 2025 was 36.36%. This ranks 7th in the world.
Cite this page
@misc{historysaid_thailand_short-term-debt,
title = {Thailand Short-term Debt},
url = {https://historysaid.com/thailand/short-term-debt/},
publisher = {HistorySaid},
year = {2026}
}