Albania Government Debt To GDP

Albania recorded a Government Debt to GDP of 60.60 percent of the countrys Gross Domestic Product in 2012. Government Debt To GDP in Albania is reported by the Bank of Albania. From 1997 until 2012, Albania Government Debt To GDP averaged 63.2 Percent reaching an all time high of 84.6 Percent in December of 1997 and a record low of 53.4 Percent in December of 2007. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Albania Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
60.60 58.60 84.60 53.40 64.04 | 2014/06 1997 - 2012 Percent Yearly

TO

Albania Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Budget Value -1672.00 2014-02-28 39318.00 48226.00 -80883.00 -74.00 2014-06-30 ALL Million [+]
Government Debt To GDP 60.60 2012-12-31 58.60 84.60 53.40 64.04 2014-06-30 Percent [+]
Government Spending 54069.00 2014-02-28 24962.00 394050.00 4946.00 216298.32 2014-06-30 ALL Million [+]
Government Budget -4.90 2013-12-31 -3.50 -3.28 -13.09 -5.28 2014-06-30 Percent of GDP [+]
Credit Rating 35.00 [+]
[+]


Government Debt to GDP | Notes
Government debt as a percent of GDP, also known as debt-to-GDP ratio, is the amount of national debt a country has in percentage of its Gross Domestic Product. Basically, Government debt is the money owed by the central government to its creditors. There are two types of government debt: net and gross. Gross debt is the accumulation of outstanding government debt which may be in the form of government bonds, credit default swaps, currency swaps, special drawing rights, loans, insurance and pensions. Net debt is the difference between gross debt and the financial assets that government holds. The higher the debt-to-GDP ratio, the less likely the country will pay its debt back, and more likely the country is to default on its debt obligations.


RELATED NEWS

Albania Gold Reserves at 1.57 Tonnes  
Gold Reserves in Albania remained unchanged at 1.57 Tonnes in the fourth quarter of 2013 from 1.57 Tonnes in the third quarter of 2013. Gold Reserves in Albania is reported by the World Gold Council.
Albania Business Confidence at -3.20  
Business Confidence in Albania increased to -3.20 in the first quarter of 2014 from -7.40 in the fourth quarter of 2013. Business Confidence in Albania is reported by the Bank of Albania.
Albania Consumer Confidence at -16.40  
Consumer Confidence in Albania decreased to -16.40 in the first quarter of 2014 from -16.20 in the fourth quarter of 2013. Consumer Confidence in Albania is reported by the Bank of Albania.
Albania Producer Prices at 113.20 Index Points  
Producer Prices in Albania remained unchanged at 113.20 Index Points in December of 2013 from 113.20 Index Points in November of 2013. Producer Prices in Albania is reported by the Instituti i Statistikave (INSTAT).
Albania Unemployed Persons at 144.00 Thousand  
The number of unemployed persons in Albania increased to 144 Thousand in the fourth quarter of 2013 from 143 Thousand in the third quarter of 2013. Unemployed Persons in Albania is reported by the Instituti i Statistikave (INSTAT).
Albania Unemployment Rate at 13.50 Percent  
Unemployment Rate in Albania decreased to 13.50 percent in the fourth quarter of 2013 from 16.90 percent in the third quarter of 2013. Unemployment Rate in Albania is reported by the Bank of Albania.
Albania Average Monthly Wages at 52600.00 ALL  
Wages in Albania remained unchanged at 52600 ALL in the fourth quarter of 2013 from 52600 ALL in the third quarter of 2013. Wages in Albania is reported by the Instituti i Statistikave (INSTAT).
Albania Consumer Spending at 827011.51 ALL Million  
Consumer Spending in Albania increased to 827011.51 ALL Million in 2008 from 752963.82 ALL Million in 2007. Consumer Spending in Albania is reported by the Instituti i Statistikave (INSTAT).
Albania Current Account at -135.06 USD Million  
Albania recorded a Current Account deficit of 135.06 USD Million in December of 2013. Current Account in Albania is reported by the Bank of Albania.
Albania Employed Persons at 921.00 Thousand  
The number of employed persons in Albania decreased to 921 Thousand in the fourth quarter of 2013 from 971 Thousand in the third quarter of 2013. Employed Persons in Albania is reported by the Instituti i Statistikave (INSTAT).
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