Iran’s total foreign debt up to the end of the Iranian calendar month of Bahman (February 19) stood at $8.88 billion, according to a Monday report by the country’s central bank.
The figure shows a 1.4% decline compared to the same date of last year.
The report said that some $2.596 billion of the sum are Iran’s short-term liabilities while long-term liabilities account for $6.289 billion of the country’s foreign debts.
Abbas Me’marnejad, an economic analyst, said earlier that Iran is the world’s seventh least indebted country considering the country’s gross domestic product (GDP).
He said that the ratio of foreign debt to GDP in Iran is as insignificant as 2%.
Me’marnejad said that the ratio is 143% in the US and 54% in China which indicate that Iran’s foreign debt is not noteworthy compared to those of major world economies.
He added that the ratio is 276% in Japan which makes the country the most indebted country in the world.