Cuba Government Debt To GDP

Cuba recorded a Government Debt to GDP of 21.10 percent of the country's Gross Domestic Product in 2010. Government Debt To GDP in Cuba is reported by the National Office of Statistics, Republic of Cuba. Government Debt To GDP in Cuba averaged 18 Percent from 2006 until 2010, reaching an all time high of 21.10 Percent in 2010 and a record low of 14.80 Percent in 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 - Cuba Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
21.10 19.80 21.10 14.80 21.03 | 2011/12 2006 - 2010 Percent Yearly

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Cuba Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 21.10 2010-12-31 19.80 21.10 14.80 21.03 2011-12-31 Percent [+]
Government Budget -3.60 2012-12-31 -1.70 -1.70 -33.50 -3.69 2013-12-31 Percent of GDP [+]
Credit Rating 20.00 [+]
[+]


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

Cuba Inflation Rate at 5.50 Percent  
The inflation rate in Cuba was recorded at 5.50 percent in 2012. Inflation Rate in Cuba is reported by the Rabobank.
Cuba Sales Tax Rate | VAT at 20.00 Percent  
The Sales Tax Rate in Cuba stands at 20 percent. Sales Tax Rate in Cuba is reported by the Minister of Finance and Prices.
Cuba Government Debt To GDP at 21.10 Percent  
Cuba recorded a Government Debt to GDP of 21.10 percent of the country's Gross Domestic Product in 2010. Government Debt To GDP in Cuba is reported by the National Office of Statistics, Republic of Cuba.
Cuba Government Budget at -3.60 Percent of GDP  
Cuba recorded a Government Budget deficit equal to 3.60 percent of the country's Gross Domestic Product in 2012. Government Budget in Cuba is reported by the National Office of Statistics, Republic of Cuba.
Cuba Current Account at 330.00 CUC Million  
Cuba recorded a Current Account surplus of 330 CUC Million in 2011. Current Account in Cuba is reported by the National Office of Statistics, Republic of Cuba.
Cuba Balance of Trade at -7969.00 CUC Million  
Cuba recorded a trade deficit of 7969 CUC Million in 2012. Balance of Trade in Cuba is reported by the National Office of Statistics, Republic of Cuba.
Cuba Imports at 13869.00 CUC Million  
Imports in Cuba decreased to 13869 CUC Million in 2012 from 14022.90 CUC Million in 2011. Imports in Cuba is reported by the National Office of Statistics, Republic of Cuba.
Cuba Exports at 5900.00 CUC Million  
Exports in Cuba decreased to 5900 CUC Million in 2012 from 6340.40 CUC Million in 2011. Exports in Cuba is reported by the National Office of Statistics, Republic of Cuba.
Cuba Retail Sales YoY at 7.50 Percent  
Retail Sales in Cuba increased 7.50 percent in 2012 over the previous year. Retail Sales YoY in Cuba is reported by the National Office of Statistics, Republic of Cuba.
Cuba Interest Rate at 2.25 Percent  
The benchmark interest rate in Cuba was last recorded at 2.25 percent. Interest Rate in Cuba is reported by the Central Bank of Cuba.
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