External Debt Declines 3.4 Percent to $9 Billion

Iran’s foreign debt was $9.031 billion at the end of last fiscal year that ended in March, dropping slightly from $9.339 billion  at the end of fiscal 2018-19 to register 3.4% decline. 
Medium and long-term debt amounted to $7.49 billion by March 19, or 82% of the total. Short-term debt stood at $1.53 billion during the period, according to a Central Bank of Iran report released on its website.  
Total external debt was at a record high of $12.72 billion in January of 2004 and a record low of $1.2 billion in January  2014. External debt was 2.04 % of GDP in January 2020, according to the macroeconomic statistics website Trading Economics.