Financial systems and development

Table A.10 Growth of long-term debt of low- and middle-income economies, 1970 to 1988
(average annual percentage change, nominal)
Country group 1970-73 1973-80 1980-85 1986 1987 1988
Low- and middle-income economies
Debt outstanding and disbursed 17.9 22.0 14.5 12.8 11.6 1.5
Official 15.1 17.9 14.6 20.1 20.4 6.2
Private 20.7 25.2 14.4 8.3 5.7 -2.3
Low-income economies
Debt outstanding and disbursed 16.9 17.1 13.0 21.8 21.7 6.2
Official 15.0 14.8 11.5 23.6 23.1 8.3
Private 26.1 24.9 16.9 18.1 18.8 1.4
Middle-income economies
Debt outstanding and disbursed 18.4 23.7 14.9 10.6 8.9 0.1
Official 15.3 20.5 16.7 18.2 18.9 5.0
Private 20.0 25.2 14.1 7.2 4.0 -2.8
Sub-Saharan Africa
Debt outstanding and disbursed 20.9 25.3 12.6 22.5 20.5 4.7
Official 17.2 22.9 13.7 29.7 27.7 4.4
Private 25.5 29.0 10.5 11.6 7.9 5.3
East Asia
Debt outstanding and disbursed 23.6 22.4 17.7 17.7 11.2 0.2
Official 27.1 18.5 15.8 21.7 24.1 7.4
Private 20.7 25.5 19.0 15.3 3.1 -5.2
South Asia
Debt outstanding and disbursed 11.7 11.2 10.8 14.3 16.7 4.9
Official 12.4 11.2 8.3 16.4 15.3 7.6
Private 1.8 11.6 36.1 4.4 24.6 -8.3
Europe, Middle East, and North Africa
Debt outstanding and disbursed 21.6 28.5 15.9 12.3 13.5 1.9
Official 15.2 25.2 18.3 13.6 14.3 7.5
Private 30.0 31.7 13.9 11.0 12.8 -3.9
Latin America and the Caribbean
Debt outstanding and disbursed 16.8 21.2 14.2 8.8 7.5 0.2
Official 11.8 15.0 15.5 24.2 23.9 4.4
Private 18.8 23.1 13.9 5.1 3.0 -1.4
17 highly indebted countries
Debt outstanding and disbursed 17.4 21.8 13.6 11.4 8.8 1.0
Official 13.3 15.4 14.5 30.1 28.3 4.9
Private 19.1 23.8 13.4 6.7 2.8 -0.7
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