External debt is debt owed to creditors outside of the country.
Nonguaranteed private sector debt is debt that has been taken out by private companies but which is not guaranteed for repayment by a public entity.
Low income countries are defined by the source as countries with a 2015 GNI per capita of 1,025 U.S. dollars or less.
Middle income countries are defined by the source as countries with a 2015 GNI per capita of between 1,026 and 12,475 U.S. dollars.
The source only included long-term debt with a maturity of more than one year.
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External private sector debt in developing economies by income 2011-2021
The external debt taken on by private companies in low income countries has grown from around trillion U.S. dollars in 2011 to trillion U.S. dollars in 2021. Similarly, the external debt taken on by private companies in middle income countries has also increased to around *** trillion U.S. dollars in 2021.
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World Bank. (December 7, 2022). External nonguaranteed private sector debt in developing countries from 2011 to 2021, by income level (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 15, 2026, from /statistics/1083696/external-private-sector-debt-developing-countries-income-level/
World Bank. "External nonguaranteed private sector debt in developing countries from 2011 to 2021, by income level (in billion U.S. dollars)." Chart. December 7, 2022. ÌÇÐÄÆÆ½â°æ. Accessed July 15, 2026. /statistics/1083696/external-private-sector-debt-developing-countries-income-level/
World Bank. (2022). External nonguaranteed private sector debt in developing countries from 2011 to 2021, by income level (in billion U.S. dollars). ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 15, 2026. /statistics/1083696/external-private-sector-debt-developing-countries-income-level/
World Bank. "External Nonguaranteed Private Sector Debt in Developing Countries from 2011 to 2021, by Income Level (in Billion U.S. Dollars)." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 7 Dec 2022, /statistics/1083696/external-private-sector-debt-developing-countries-income-level/
World Bank, External nonguaranteed private sector debt in developing countries from 2011 to 2021, by income level (in billion U.S. dollars) ÌÇÐÄÆÆ½â°æ, /statistics/1083696/external-private-sector-debt-developing-countries-income-level/ (last visited July 15, 2026)
External nonguaranteed private sector debt in developing countries from 2011 to 2021, by income level (in billion U.S. dollars) [Graph], World Bank, December 7, 2022. [Online]. Available: /statistics/1083696/external-private-sector-debt-developing-countries-income-level/