Cayman Islands Government Debt To GDP

Cayman Islands recorded a Government Debt to GDP of 24.90 percent of the countrys Gross Domestic Product in 2011. Government Debt To GDP in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office. From 2000 until 2011, Cayman Islands Government Debt To GDP averaged 12.9 Percent reaching an all time high of 24.9 Percent in December of 2011 and a record low of 7.5 Percent in December of 2000. 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 - Cayman Islands Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
24.90 24.70 24.90 7.50 24.82 | 2012/12 2000 - 2011 Percent Yearly

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Cayman Islands Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 24.90 2011-12-31 24.70 24.90 7.50 24.82 2012-12-31 Percent [+]
Government Budget -1.10 2012-12-31 -2.30 3.30 -8.10 -0.38 2013-12-31 Percent of GDP [+]
Credit Rating 85.00 [+]
[+]


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

Cayman Islands Inflation Rate at 1.70 Percent  
The inflation rate in Cayman Islands was recorded at 1.70 percent in the fourth quarter of 2013. Inflation Rate in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
Cayman Islands Personal Income Tax Rate at 0.00 percent  
The Personal Income Tax Rate in Cayman Islands stands at 0 percent. Personal Income Tax Rate in Cayman Islands is reported by the Ministry of Finance, Tourism and Development.
Cayman Islands Corporate Tax Rate at 0.00 percent  
The Corporate Tax Rate in Cayman Islands stands at 0 percent. Corporate Tax Rate in Cayman Islands is reported by the Ministry of Finance, Tourism and Development.
Cayman Islands GDP Annual Growth Rate at 1.20 Percent  
The Gross Domestic Product (GDP) in Cayman Islands expanded 1.20 percent in the second quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
Cayman Islands Balance of Trade at -174.70 KYD Million  
Cayman Islands recorded a trade deficit of 174.70 KYD Million in the second quarter of 2013. Balance of Trade in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
Cayman Islands Current Account at -467.00 KYD Million  
Cayman Islands recorded a Current Account deficit of 467 KYD Million in 2012. Current Account in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
Cayman Islands Exports at 3.50 KYD Million  
Exports in Cayman Islands increased to 3.50 KYD Million in the second quarter of 2013 from 2.30 KYD Million in the first quarter of 2013. Exports in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
Cayman Islands Population at 0.06 Million  
The total population in Cayman Islands was last recorded at 0.1 million people in 2012 from 0.0 million in 1960, changing 500 percent during the last 50 years. Population in Cayman Islands is reported by the World Bank.
Cayman Islands Government Budget at -1.10 Percent of GDP  
Cayman Islands recorded a Government Budget deficit equal to 1.10 percent of the countrys Gross Domestic Product in 2012. Government Budget in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
Cayman Islands Current Account to GDP at -18.10 Percent  
Cayman Islands recorded a Current Account deficit of 18.10 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
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