This indicator measures the proportion of domestic public debt securities, including long-term bonds, treasury bills, commercial paper, and other short-term instruments, relative to the country's GDP, reflecting the
scale of governmental borrowing within the domestic market. It provides insights into the fiscal health and capital market dynamics, indicating how effectively a government is utilizing domestic resources for funding. The calculations are based on year-end data, specifically December figures, and incorporate a sophisticated deflation approach to adjust for inflation impacts using both end-of-period and average annual Consumer Price Index (CPI) values. By comparing the outstanding debt against the GDP, this measure highlights the potential burden of public debt on economic growth, investment capacity, and financial sustainability.
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