Public debt: 103.4% of GDP (2017 est.)
106% of GDP (2016 est.)
note: data cover general government debt and includes debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intra-governmental debt; intra-governmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctions; general government debt is defined by the Maastricht definition and calculated by the National Bank of Belgium as consolidated gross debt; the debt is defined in European Regulation EC479/2009 concerning the implementation of the protocol on the excessive deficit procedure annexed to the Treaty on European Union (Treaty of Maastricht) of 7 February 1992; the sub-sectors of consolidated gross debt are: federal government, communities and regions, local government, and social security funds
Definition: This entry records the cumulative total of all government borrowings less repayments that are denominated in a country's home currency. Public debt should not be confused with external debt, which reflects the foreign currency liabilities of both the private and public sector and must be financed out of foreign exchange earnings.
Source: CIA World Factbook - This page was last updated on Saturday, September 18, 2021See Also
- Public debt by year chart
- Public debt rank chart
- Public debt - comparative map
- External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) - thematic map - World Bank indicator
- External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) - country comparison - World Bank indicator
Related Data From the International Monetary Fund
Variable: General government gross debt
Note: Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).
Units: Percent of GDP
Country-specific Note: See notes for: General government gross debt (National currency).
Source: International Monetary Fund, World Economic Outlook Database, April 2019
|Year||General government gross debt||Percent Change|