Belgium Government Debt To GDP

Belgium recorded a Current Account equivalent to 98.00 percent of the country's Gross Domestic Product in 2011. Historically, from 1980 until 2011, Belgium Government Debt To GDP averaged 109.2 Percent reaching an all time high of 133.1 Percent in December of 1993 and a record low of 74.1 Percent in December of 1980. 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 Belgium Government Debt To GDP.


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Belgium Government Debt To GDP


Government Debt to GDP
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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Published: 5/16/2012 2:52:37 PM By: TradingEconomics.com, Eurostat
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Published: 5/16/2012 2:50:32 PM By: TradingEconomics.com, Eurostat
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