Central government debt, total (% of GDP)

This indicator reflects the total magnitude of a government's financial obligations, encompassing both domestic and international liabilities that are due at a specified time. It incorporates various forms of debt, including loans, securities (except shares), and currency deposits, thus providing a comprehensive view of the government's fiscal commitments. By expressing this figure as a percentage of the country’s Gross Domestic Product (GDP), it contextualizes the debt relative to the nation's economic output, offering insights into sustainability and fiscal health. Additionally, this measure accounts for gross liabilities while deducting the government's ownership in equities and financial derivatives, making it a crucial gauge of economic stability and the government's capacity to meet its obligations over the long term. Source: