EM Countries Debt Markets
- full coverage
- all except municipal bonds
- only Eurobonds and government bonds
- only Eurobonds
| Land | Government bonds | Municipal bonds | Corporate bonds | Total bonds | Government international bonds | Municipal international bonds | Corporate international bonds | Total international bonds | Total |
|---|---|---|---|---|---|---|---|---|---|
| CIS | |||||||||
 Armenia |
53 | 20 | 73 | 2 | 2 | 4 | 77 | ||
 Azerbaijan |
35 | 34 | 69 | 1 | 10 | 11 | 80 | ||
 Belarus |
166 | 128 | 666 | 960 | 1 | 1 | 961 | ||
 Georgia |
44 | 9 | 53 | 1 | 4 | 5 | 58 | ||
 Kazakhstan |
172 | 17 | 222 | 411 | 5 | 47 | 52 | 463 | |
 Kyrgyzstan |
80 | 6 | 86 | 86 | |||||
 Moldova |
132 | 132 | 132 | ||||||
 Russia |
48 | 117 | 1211 | 1376 | 13 | 1 | 271 | 285 | 1661 |
 Tajikistan |
11 | 11 | 11 | ||||||
 Ukraine |
278 | 1 | 640 | 919 | 13 | 32 | 45 | 964 | |
 Uzbekistan |
5 | 5 | 5 | ||||||
| Western Europe | |||||||||
 Austria |
182 | 16 | 1166 | 1364 | 18 | 3 | 228 | 249 | 1613 |
 Belgium |
141 | 10 | 263 | 414 | 31 | 24 | 55 | 469 | |
 Cyprus |
24 | 9 | 33 | 6 | 13 | 19 | 52 | ||
 Denmark |
18 | 2 | 1706 | 1726 | 1 | 201 | 202 | 1928 | |
 Finland |
17 | 13 | 673 | 703 | 18 | 236 | 254 | 957 | |
 France |
235 | 25 | 1510 | 1770 | 1054 | 1054 | 2824 | ||
 Germany |
276 | 857 | 9445 | 10578 | 32 | 1387 | 1419 | 11997 | |
 Greece |
25 | 2 | 27 | 3 | 39 | 42 | 69 | ||
 Iceland |
16 | 10 | 54 | 80 | 2 | 23 | 25 | 105 | |
 Ireland |
31 | 37 | 68 | 244 | 244 | 312 | |||
 Italy |
121 | 1 | 2727 | 2849 | 64 | 19 | 827 | 910 | 3759 |
 Luxembourg |
3 | 122 | 125 | 3 | 698 | 701 | 826 | ||
 Malta |
88 | 27 | 115 | 1 | 1 | 116 | |||
 Netherlands |
101 | 162 | 263 | 1 | 1471 | 1472 | 1735 | ||
 Norway |
11 | 45 | 662 | 718 | 301 | 301 | 1019 | ||
 Portugal |
27 | 1 | 135 | 163 | 1 | 81 | 82 | 245 | |
 Spain |
85 | 32 | 260 | 377 | 4 | 5 | 371 | 380 | 757 |
 Sweden |
24 | 3 | 294 | 321 | 18 | 57 | 695 | 770 | 1091 |
 Switzerland |
37 | 175 | 844 | 1056 | 350 | 350 | 1406 | ||
 United Kingdom |
103 | 1 | 406 | 510 | 2 | 1 | 3439 | 3442 | 3952 |
| Developed Markets (excl. Europe) | |||||||||
 Australia |
35 | 4 | 426 | 465 | 1 | 817 | 818 | 1283 | |
 Canada |
70 | 134 | 507 | 711 | 9 | 92 | 762 | 863 | 1574 |
 Guernsey |
4 | 4 | 1 | 34 | 35 | 39 | |||
 Japan |
474 | 76 | 886 | 1436 | 9 | 470 | 479 | 1915 | |
 New Zealand |
12 | 8 | 100 | 120 | 2 | 45 | 47 | 167 | |
 Jersey |
3 | 3 | 1 | 8 | 9 | 12 | |||
 USA |
591 | 193 | 12637 | 13421 | 4472 | 4472 | 17893 | ||
| Eastern Europe | |||||||||
 Albania |
136 | 136 | 3 | 3 | 139 | ||||
 Bosnia and Herzegovina |
76 | 6 | 8 | 90 | 2 | 2 | 92 | ||
 Bulgaria |
24 | 2 | 65 | 91 | 7 | 5 | 12 | 103 | |
 Croatia |
40 | 3 | 24 | 67 | 9 | 10 | 19 | 86 | |
 Czech Republic |
40 | 2 | 153 | 195 | 6 | 1 | 59 | 66 | 261 |
 Estonia |
9 | 61 | 70 | 1 | 7 | 8 | 78 | ||
 Hungary |
158 | 2 | 183 | 343 | 15 | 19 | 34 | 377 | |
 Latvia |
11 | 77 | 88 | 9 | 6 | 15 | 103 | ||
 Lithuania |
105 | 10 | 115 | 11 | 2 | 13 | 128 | ||
 Macedonia |
148 | 148 | 3 | 3 | 151 | ||||
 Montenegro |
10 | 1 | 11 | 4 | 4 | 15 | |||
 Poland |
261 | 76 | 698 | 1035 | 50 | 1 | 34 | 85 | 1120 |
 Romania |
39 | 39 | 8 | 86 | 12 | 5 | 17 | 103 | |
 Serbia |
102 | 10 | 112 | 5 | 5 | 117 | |||
 Slovakia |
17 | 153 | 170 | 11 | 6 | 17 | 187 | ||
 Slovenia |
29 | 28 | 57 | 12 | 8 | 20 | 77 | ||
 Turkey |
50 | 407 | 457 | 34 | 100 | 134 | 591 | ||
| Asia (excl. Japan) | |||||||||
 Bangladesh |
344 | 344 | 1 | 1 | 345 | ||||
 Bhutan |
1 | 1 | 1 | ||||||
 China |
222 | 16 | 355 | 593 | 40 | 1 | 797 | 838 | 1431 |
 Fiji |
218 | 218 | 1 | 1 | 219 | ||||
 Hong Kong |
70 | 262 | 332 | 3 | 424 | 427 | 759 | ||
 India |
109 | 264 | 2440 | 2813 | 156 | 156 | 2969 | ||
 Indonesia |
74 | 638 | 712 | 36 | 62 | 98 | 810 | ||
 Korea |
49 | 20 | 69 | 7 | 493 | 500 | 569 | ||
 Laos |
10 | 10 | 10 | ||||||
 Malaysia |
84 | 7 | 91 | 5 | 1 | 94 | 100 | 191 | |
 Mongolia |
22 | 22 | 6 | 3 | 9 | 31 | |||
 Myanmar |
1 | 1 | 1 | ||||||
 Pakistan |
33 | 33 | 6 | 6 | 39 | ||||
 Philippines |
81 | 15 | 96 | 23 | 127 | 150 | 246 | ||
 Singapore |
21 | 360 | 381 | 222 | 222 | 603 | |||
 Sri Lanka |
76 | 76 | 9 | 6 | 15 | 91 | |||
 Taiwan |
114 | 31 | 145 | 43 | 43 | 188 | |||
 Thailand |
51 | 119 | 170 | 33 | 33 | 203 | |||
 Vietnam |
134 | 134 | 5 | 5 | 10 | 144 | |||
| Latin America | |||||||||
 Argentina |
28 | 8 | 275 | 311 | 42 | 32 | 76 | 150 | 461 |
 Aruba |
3 | 3 | 3 | ||||||
 Bahamas |
4 | 1 | 5 | 5 | |||||
 Barbados |
46 | 46 | 3 | 4 | 7 | 53 | |||
 Belize |
2 | 2 | 2 | ||||||
 Bermuda |
1 | 7 | 8 | 3 | 10 | 13 | 21 | ||
 Bolivia |
281 | 8 | 289 | 2 | 2 | 291 | |||
 Brazil |
52 | 8 | 60 | 24 | 2 | 283 | 309 | 369 | |
 Cayman Islands |
19 | 19 | 1 | 41 | 42 | 61 | |||
 Chile |
37 | 136 | 173 | 10 | 123 | 133 | 306 | ||
 Colombia |
16 | 37 | 53 | 22 | 1 | 51 | 74 | 127 | |
 Costa Rica |
62 | 3 | 204 | 269 | 6 | 8 | 14 | 283 | |
 Dominican Republic |
71 | 199 | 270 | 20 | 6 | 26 | 296 | ||
 Ecuador |
109 | 109 | 6 | 1 | 7 | 116 | |||
 El Salvador |
2 | 2 | 9 | 3 | 12 | 14 | |||
 Grenada |
2 | 2 | 2 | ||||||
 Guatemala |
17 | 17 | 4 | 9 | 13 | 30 | |||
 Honduras |
45 | 4 | 49 | 2 | 19 | 21 | 70 | ||
 Jamaica |
33 | 3 | 36 | 10 | 10 | 20 | 56 | ||
 Mexico |
65 | 4 | 69 | 46 | 285 | 331 | 400 | ||
 Nicaragua |
10 | 10 | 2 | 2 | 12 | ||||
 Panama |
5 | 563 | 568 | 13 | 23 | 36 | 604 | ||
 Paraguay |
29 | 16 | 322 | 367 | 4 | 6 | 10 | 377 | |
 Peru |
19 | 281 | 300 | 16 | 77 | 93 | 393 | ||
 Saint Vincent and the Grenadines |
8 | 8 | 1 | 1 | 9 | ||||
 Trinidad and Tobago |
21 | 21 | 4 | 4 | 8 | 29 | |||
 Uruguay |
39 | 39 | 19 | 5 | 24 | 63 | |||
 Venezuela |
74 | 18 | 92 | 18 | 41 | 59 | 151 | ||
| Middle East | |||||||||
 Bahrain |
12 | 2 | 14 | 7 | 15 | 22 | 36 | ||
 Iraq |
1 | 1 | 1 | ||||||
 Israel |
30 | 605 | 635 | 33 | 41 | 74 | 709 | ||
 Kuwait |
36 | 12 | 48 | 14 | 14 | 62 | |||
 Lebanon |
248 | 248 | 35 | 2 | 37 | 285 | |||
 Oman |
11 | 15 | 26 | 3 | 8 | 11 | 37 | ||
 Qatar |
56 | 1 | 57 | 12 | 72 | 84 | 141 | ||
 Saudi Arabia |
3 | 40 | 43 | 27 | 27 | 70 | |||
 United Arab Emirates |
7 | 7 | 12 | 6 | 250 | 268 | 275 | ||
| Africa | |||||||||
 Angola |
261 | 261 | 2 | 2 | 263 | ||||
 Benin |
13 | 13 | 13 | ||||||
 Burundi |
10 | 10 | 1 | 1 | 11 | ||||
| Chad |
6 | 6 | 6 | ||||||
 Cote d`Ivoire |
27 | 27 | 3 | 61 | 64 | 91 | |||
 Egypt |
100 | 28 | 128 | 3 | 3 | 6 | 134 | ||
 Ethiopia |
1 | 1 | 1 | ||||||
 Gabon |
5 | 5 | 3 | 3 | 8 | ||||
 Ghana |
102 | 10 | 112 | 5 | 5 | 117 | |||
| Guinea-Bissau |
1 | 1 | 1 | ||||||
 Kenya |
72 | 28 | 100 | 2 | 2 | 102 | |||
 Mauritius |
104 | 6 | 110 | 1 | 1 | 111 | |||
 Morocco |
57 | 116 | 173 | 5 | 4 | 9 | 182 | ||
 Mozambique |
1 | 1 | 1 | ||||||
 Namibia |
16 | 20 | 36 | 2 | 4 | 6 | 42 | ||
 Niger |
8 | 8 | 8 | ||||||
 Nigeria |
18 | 18 | 3 | 14 | 17 | 35 | |||
 Congo |
1 | 1 | 1 | ||||||
 Rwanda |
11 | 11 | 1 | 1 | 12 | ||||
 Senegal |
28 | 28 | 2 | 2 | 30 | ||||
 Seychelles |
1 | 1 | 1 | ||||||
 South Africa |
28 | 16 | 429 | 473 | 13 | 76 | 89 | 562 | |
 Tanzania |
134 | 134 | 1 | 1 | 135 | ||||
| Togo |
17 | 17 | 1 | 1 | 18 | ||||
 Tunisia |
19 | 19 | 15 | 15 | 34 | ||||
 Zambia |
124 | 124 | 3 | 3 | 127 | ||||
* the number of issues in Cbonds database (outstanding)