External debt stocks, long-term (DOD, current US$)

Long-term debt refers to obligations that typically span over a year, playing a crucial role in shaping a nation's financial landscape. This category encompasses three distinct components: debt incurred by the public sector, obligations that hold public guarantees, and private debts without such assurances. The measurement of this debt is expressed in current U.S. dollars, which allows for a standardized comparison across countries and time periods. Understanding these debt stocks is vital for assessing a country's economic stability, as they impact investment capabilities and exchange rate vulnerabilities. Moreover, the composition of long-term debt provides insights into the reliance on public versus private borrowing, which can influence future fiscal policies and economic growth trajectories. Source: