Benin Government Debt To GDP

Benin recorded a Government Debt to GDP of 18.80 percent of the countrys Gross Domestic Product in 2011. Government Debt To GDP in Benin is reported by the Central Bank of West African States. From 2003 until 2011, Benin Government Debt To GDP averaged 22.5 Percent reaching an all time high of 37.3 Percent in December of 2005 and a record low of 11.6 Percent in December of 2006. 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 - Benin 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
18.80 19.00 37.30 11.60 20.72 | 2014/06 2003 - 2011 Percent Yearly

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Benin Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 18.80 2011-12-31 19.00 37.30 11.60 20.72 2014-06-30 Percent [+]
Government Budget -1.50 2012-12-31 -1.80 0.20 -4.20 -1.31 2014-06-30 Percent of GDP [+]
Credit Rating 30.00 [+]
[+]


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

Benin Inflation Rate at -1.50 Percent  
The inflation rate in Benin was recorded at -1.50 percent in February of 2014. Inflation Rate in Benin is reported by the Central Bank of West African States (BCEAO).
Benin Balance of Trade at -326.66 CFA Franc Billion  
Benin recorded a trade deficit of 326.66 CFA Franc Billion in the fourth quarter of 2013. Balance of Trade in Benin is reported by the INSAE, Benin.
Benin Imports at 393.87 CFA Franc Billion  
Imports in Benin decreased to 393.87 CFA Franc Billion in the fourth quarter of 2013 from 730.90 CFA Franc Billion in the third quarter of 2013. Imports in Benin is reported by the INSAE, Benin.
Benin Exports at 67.20 CFA Franc Billion  
Exports in Benin increased to 67.20 CFA Franc Billion in the fourth quarter of 2014 from 63.57 CFA Franc Billion in the third quarter of 2014. Exports in Benin is reported by the INSAE, Benin.
Benin Current Account to GDP at -9.50 Percent  
Benin recorded a Current Account deficit of 9.50 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Benin is reported by the Central Bank of West African States (BCEAO).
Benin GDP Annual Growth Rate at 5.40 Percent  
The Gross Domestic Product (GDP) in Benin expanded 5.40 percent in 2012 from the previous year. GDP Annual Growth Rate in Benin is reported by the Central Bank of West African States (BCEAO).
Benin Sales Tax Rate at 18.00 Percent  
The Sales Tax Rate in Benin stands at 18 percent. Sales Tax Rate in Benin is reported by the Direction Générale des Impôts et des Domaines.
Benin Government Debt To GDP at 18.80 Percent  
Benin recorded a Government Debt to GDP of 18.80 percent of the countrys Gross Domestic Product in 2011. Government Debt To GDP in Benin is reported by the Central Bank of West African States.
Benin Interest Rate at 3.50 Percent  
The benchmark interest rate in Benin was last recorded at 3.50 percent. Interest Rate in Benin is reported by the Central Bank of West African States (BCEAO).
Benin Population at 10.05 Million  
The total population in Benin was last recorded at 10.1 million people in 2012 from 2.4 million in 1960, changing 315 percent during the last 50 years. Population in Benin is reported by the World Bank.
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