General Government Gross Debt for Barbados
BRBGGXWDGGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73.86
Year-over-Year Change
-35.33%
Date Range
1/1/1994 - 1/1/2030
Summary
The General Government Gross Debt for Barbados measures the total outstanding debt obligations of the Barbadian government, including central and local governments. This metric is crucial for economists and policymakers to assess the country's fiscal health and sustainability.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The General Government Gross Debt for Barbados represents the total gross debt owed by all government entities within the country, expressed as a percentage of its gross domestic product (GDP). This metric provides insight into the government's borrowing activities and its ability to service its debt obligations.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on reports from the Barbadian government.
Historical Context
Monitoring the government's debt levels is essential for policymakers to manage fiscal policy and ensure long-term economic stability.
Key Facts
- Barbados' general government gross debt reached 142% of GDP in 2020.
- The government debt-to-GDP ratio is a key indicator of a country's fiscal health.
- High government debt levels can limit a country's ability to respond to economic shocks.
FAQs
Q: What does this economic trend measure?
A: The General Government Gross Debt for Barbados measures the total outstanding debt obligations of the Barbadian government, including central and local governments.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess the country's fiscal health and sustainability, as high government debt levels can limit a country's ability to respond to economic shocks.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on reports from the Barbadian government.
Q: How is this trend used in economic policy?
A: Monitoring the government's debt levels is essential for policymakers to manage fiscal policy and ensure long-term economic stability.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and publication timeline of the IMF.
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Citation
U.S. Federal Reserve, General Government Gross Debt for Barbados (BRBGGXWDGGDP), retrieved from FRED.