Algeria Government Debt To GDP

Algeria recorded a Government Debt to GDP of 8.80 percent of the country's Gross Domestic Product in 2012. Government Debt To GDP in Algeria is reported by the Bank of Algeria. Historically, from 1991 until 2012, Algeria Government Debt To GDP averaged 51.14 Percent reaching an all time high of 116.20 Percent in December of 1995 and a record low of 8.10 Percent in December of 2008. 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 includes a chart with historical data for Algeria Government Debt To GDP.

FROM TO COMPARE
Algeria Government Debt To GDP

Government Last Previous Highest Lowest Forecast Unit Trend
Government Budget 10.30 Dec/2011 7.50 24.70 -5.30 10.53 Dec/2012 Percent of GDP Trend
Government Spending 944172.20 Jun/2011 596508.00 944172.20 85906.60 1119646.25 Dec/2013 DZD Million Trend
Government Debt To GDP 8.80 Dec/2012 9.90 116.20 8.10 8.72 Dec/2013 Percent Trend
Credit Rating 15.00 Trend



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.



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