Congo Government Debt To GDP

Congo recorded a Government Debt to GDP of 47 percent of the countrys Gross Domestic Product in 2011. Government Debt To GDP in Congo is reported by the Banque Centrale du Congo. From 1990 until 2011, Congo Government Debt To GDP averaged 150.8 Percent reaching an all time high of 289.8 Percent in December of 1990 and a record low of 33.7 Percent in December of 2010. 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 - Congo 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
47.00 33.70 289.84 33.70 -26.13 | 2014/06 1990 - 2011 Percent Yearly

TO

Congo Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 47.00 2011-12-31 33.70 289.84 33.70 -26.13 2014-06-30 Percent [+]
Government Budget -6.30 2011-12-31 1.20 1.20 -14.37 -19.10 2014-06-30 Percent of GDP [+]
Credit Rating 15.00 [+]
[+]


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

Congo Gold Reserves at 0.00 Tonnes  
Gold Reserves in Congo remained unchanged at 0 Tonnes in the fourth quarter of 2013 from 0 Tonnes in the third quarter of 2013. Gold Reserves in Congo is reported by the World Gold Council.
Congo Interest Rate at 2.00 percent  
The benchmark interest rate in Congo was last recorded at 2 percent. Interest Rate in Congo is reported by the Banque Centrale du Congo.
Congo Personal Income Tax Rate at 30.00 percent  
The Personal Income Tax Rate in Congo stands at 30 percent. Personal Income Tax Rate in Congo is reported by the DRC Tax Authority.
Congo Inflation Rate at 1.21 percent  
The inflation rate in Congo was recorded at 1.21 percent in February of 2014. Inflation Rate in Congo is reported by the Banque Centrale du Congo.
Congo Corporate Tax Rate at 35.00 percent  
The Corporate Tax Rate in Congo stands at 35 percent. Corporate Tax Rate in Congo is reported by the DRC Tax Authority.
Congo Sales Tax Rate | VAT at 13.00 Percent  
The Sales Tax Rate in Congo stands at 13 percent. Sales Tax Rate in Congo is reported by the DRC Tax Authority.
Congo Balance of Trade at 101.50 USD Million  
Congo recorded a trade surplus of 101.50 USD Million in 2013. Balance of Trade in Congo is reported by the Banque Centrale du Congo.
Congo Current Account at -2451.30 USD Million  
Congo recorded a Current Account deficit of 2451.30 USD Million in 2013. Current Account in Congo is reported by the Banque Centrale du Congo.
Congo Imports at 9488.70 USD Million  
Imports in Congo is projected to increase to 9488.70 USD Million in 2013 from 8355.70 USD Million in 2012. Imports in Congo is reported by the Banque Centrale du Congo.
Congo Exports at 9488.70 USD Million  
Exports in Congo is projected to increase to 9488.70 USD Million in 2013 from 8534.20 USD Million in 2012. Exports in Congo is reported by the Banque Centrale du Congo.
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