17.4.1 Debt Service as a Proportion of Exports of Goods and Services
Target 17.4: Assist developing countries in attaining long-term debt sustainability through coordinated policies aimed at fostering debt financing, debt relief and debt restructuring, as appropriate, and address the external debt of highly indebted poor countries to reduce debt distress 17.4.1 Debt service as a percentage of exports of goods and services 17.5 Adopt and implement investment promotion regimes for least developed countries 17.5.1* Number of national and investment policy reforms adopted that incorporate sustainable development objectives or safeguards by country
Goal 17: Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development Finance
Custodian Organization: World Bank (WB)
Tier Classification: Tier I
To facilitate the implementation of the global indicator framework, all indicators are classified by the IAEG-SDGs (Inter-Agency and Expert Group on Sustainable Development Goals Indicators) into three tiers on the basis of their level of methodological development and the availability of data at the global level, as follows:
Tier I: Indicator is conceptually clear, has an internationally established methodology and standards are available, and data are regularly produced by countries for at least 50 per cent of countries and of the population in every region where the indicator is relevant.
Tier II: Indicator is conceptually clear, has an internationally established methodology and standards are available, but data are not regularly produced by countries.
Tier III: No internationally established methodology or standards are yet available for the indicator, but methodology/standards are being (or will be) developed or tested.
Definition: Debt service as proportion of exports of goods and services is the percentage of debt services (principle and interest payments) to the exports of goods and services. Debt services covered in this indicator refer only to public and publicly guaranteed debt.
Concepts: Concepts of public and publicly guaranteed external debt data are in accordance with the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6) methodology.
“Exports of goods and services” data concepts are in accordance with the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6).
Data Source: Data for this indicator was primarily collected from the United Nations Statistics Division’s Open SDG Data Hub. National level data is provided to the United Nations Statistics Division by the respective nation, unless otherwise noted. To learn more about the data used in this portal, visit the about page.
Data is accurate as of October 31, 2018.
17.4.1 Debt Service as a Proportion of Exports of Goods and Services Sustainable Development Goals
17. Revitalize the global partnership for sustainable development
A successful sustainable development agenda requires partnerships between governments, the private sector and civil society. These inclusive partnerships built upon principles and values, a shared vision, and shared goals that place people and the planet at the centre, are needed at the global, regional, national and local level.
Urgent action is needed to mobilize, redirect and unlock the transformative power of trillions of dollars of private resources to deliver on sustainable development objectives. Long-term investments, including foreign direct investment, are needed in critical sectors, especially in developing countries. These include sustainable energy, infrastructure and transport, as well as information and communications technologies. The public sector will need to set a clear direction. Review and monitoring frameworks, regulations and incentive structures that enable such investments must be retooled to attract investments and reinforce sustainable development. National oversight mechanisms such as supreme audit institutions and oversight functions by legislatures should be strengthened.