This page has a list of countries by Present value of external debt (% of exports of goods, services and primary income), according to officially-recognized international sources compiled by the World Bank. Present value of debt is the sum of short-term external debt plus the discounted sum of total debt service payments due on public, publicly guaranteed, and private nonguaranteed long-term external debt over the life of existing loans. This calculation assumes that the PV of loans with a negative grant element is equal to the nominal value of the loan. The exports denominator is a three-year average.