Ethiopia Government Debt To GDP

Ethiopia recorded a Government Debt to GDP of 17 percent of the countrys Gross Domestic Product in 2011. Government Debt To GDP in Ethiopia is reported by the National Bank of Ethiopia. From 1990 until 2011, Ethiopia Government Debt To GDP averaged 53.1 percent reaching an all time high of 93.2 percent in December of 1994 and a record low of 10.7 percent in December of 2008. 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 - Ethiopia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
17.00 20.20 93.21 10.70 13.26 | 2014/06 1990 - 2011 percent Yearly

TO

Ethiopia Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 17.00 2011-12-31 20.20 93.21 10.70 13.26 2014-06-30 percent [+]
Government Budget 0.20 2012-12-31 -1.60 6.60 -8.90 -0.93 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

Ethiopia Current Account to GDP at -6.60 Percent  
Ethiopia recorded a Current Account deficit of 6.60 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Ethiopia is reported by the National Bank of Ethiopia.
Ethiopia Inflation Rate at 8.80 percent  
The inflation rate in Ethiopia was recorded at 8.80 percent in March of 2014. Inflation Rate in Ethiopia is reported by the Central Statistical Agency of Ethiopia.
Ethiopia Personal Income Tax Rate at 35.00 percent  
The Personal Income Tax Rate in Ethiopia stands at 35 percent. Personal Income Tax Rate in Ethiopia is reported by the Ethiopian Revenues and Customs Authority.
Ethiopia Corporate Tax Rate at 30.00 percent  
The Corporate Tax Rate in Ethiopia stands at 30 percent. Corporate Tax Rate in Ethiopia is reported by the Ethiopian Revenues and Customs Authority.
Ethiopia Imports at 2919.50 USD Million  
Imports in Ethiopia increased to 2919.50 USD Million in the third quarter of 2013 from 2669.30 USD Million in the second quarter of 2013. Imports in Ethiopia is reported by the National Bank of Ethiopia.
Ethiopia Exports at 631.10 USD Million  
Exports in Ethiopia decreased to 631.10 USD Million in the third quarter of 2013 from 847.90 USD Million in the second quarter of 2013. Exports in Ethiopia is reported by the National Bank of Ethiopia.
Ethiopia Balance of Trade at -2288.40 USD Million  
Ethiopia recorded a trade deficit of 2288.40 USD Million in the third quarter of 2013. Balance of Trade in Ethiopia is reported by the National Bank of Ethiopia.
Ethiopia Current Account at -1141.40 USD Million  
Ethiopia recorded a Current Account deficit of 1141.40 USD Million in the third quarter of 2013. Current Account in Ethiopia is reported by the National Bank of Ethiopia.
Ethiopia Sales Tax Rate | VAT at 15.00 Percent  
The Sales Tax Rate in Ethiopia stands at 15 percent. Sales Tax Rate in Ethiopia is reported by the Ethiopian Revenues and Customs Authority.
Ethiopia Interest Rate at 5.00 percent  
The benchmark interest rate in Ethiopia was last recorded at 5 percent. Interest Rate in Ethiopia is reported by the National Bank of Ethiopia.
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