Republic of the Congo Government Debt To GDP

Republic of the Congo recorded a Government Debt to GDP of 19.60 percent of the countrys Gross Domestic Product in 2011. Government Debt To GDP in Republic of the Congo is reported by the BEAC. From 1999 until 2011, Republic of the Congo Government Debt To GDP averaged 115.0 percent reaching an all time high of 284.0 percent in December of 1999 and a record low of 19.6 percent in December of 2011. 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 - Republic of the Congo Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
19.60 21.50 284.00 19.60 -18.88 | 2014/06 1999 - 2011 percent Yearly

TO

Republic of the Congo Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Credit Rating 15.00 [+]
Government Debt To GDP 19.60 2011-12-31 21.50 284.00 19.60 -18.88 2014-06-30 percent [+]
Government Budget 2.40 2012-12-31 16.40 26.10 -19.65 8.68 2014-06-30 Percent of GDP [+]
[+]


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

Republic of the Congo GDP Annual Growth Rate at 4.90 percent  
The Gross Domestic Product (GDP) in Republic of the Congo expanded 4.90 percent in 2012 from the previous year. GDP Annual Growth Rate in Republic of the Congo is reported by the CNSEE, Congo.
Republic of the Congo Balance of Trade at 4092.35 CFA Franc Billion  
Republic of the Congo recorded a trade surplus of 4092.35 CFA Franc Billion in 2010. Balance of Trade in Republic of the Congo is reported by the CNSEE, Congo.
Republic of the Congo Interest Rate at 3.25 Percent  
The benchmark interest rate in Republic of the Congo was last recorded at 3.25 percent. Interest Rate in Republic of the Congo is reported by the Bank of Central African States.
Republic Of The Congo Personal Income Tax Rate at 45.00 percent  
The Personal Income Tax Rate in Republic Of The Congo stands at 45 percent. Personal Income Tax Rate in Republic Of The Congo is reported by the Ministry of Commerce.
Republic Of The Congo Corporate Tax Rate at 34.00 percent  
The Corporate Tax Rate in Republic Of The Congo stands at 34 percent. Corporate Tax Rate in Republic Of The Congo is reported by the Ministry of Commerce.
Republic Of The Congo Sales Tax Rate | VAT at 18.00 Percent  
The Sales Tax Rate in Republic Of The Congo stands at 18 percent. Sales Tax Rate in Republic Of The Congo is reported by the Ministry of Commerce.
Republic of the Congo Current Account at -1163.30 CFA Franc Billion  
Republic of the Congo recorded a Current Account deficit of 1163.30 CFA Franc Billion in 2010. Current Account in Republic of the Congo is reported by the CNSEE, Congo.
Republic of the Congo Inflation Rate at 3.40 percent  
The inflation rate in Republic of the Congo was recorded at 3.20 percent in September of 2013. Inflation Rate in Republic of the Congo is reported by the CNSEE, Congo.
Republic of the Congo Current Account to GDP at 0.30 percent  
Republic of the Congo recorded a Current Account surplus of 0.30 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Republic of the Congo is reported by the CNSEE, Congo.
Republic of the Congo Government Budget at 2.40 Percent of GDP  
Republic of the Congo recorded a Government Budget surplus equal to 2.40 percent of the countrys Gross Domestic Product in 2012. Government Budget in Republic of the Congo is reported by the CNSEE, Congo.
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