General government gross debt for Portugal
GGGDTAPRT188N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.73
Year-over-Year Change
-14.29%
Date Range
1/1/1990 - 1/1/2023
Summary
The General government gross debt for Portugal is a key indicator of the country's fiscal health and ability to repay its obligations. It represents the total debt owed by the Portuguese government to both domestic and foreign creditors.
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
This trend provides a comprehensive measure of Portugal's total government debt, including debt held by central, state, and local governments as well as social security funds. It is a crucial metric for assessing the sustainability of Portugal's public finances and its creditworthiness in global markets.
Methodology
The data is collected and reported by the International Monetary Fund (IMF) as part of its Government Finance Statistics program.
Historical Context
Policymakers and investors closely monitor Portugal's general government gross debt to gauge the country's fiscal policies and long-term economic prospects.
Key Facts
- Portugal's general government gross debt reached a peak of 135.5% of GDP in 2014.
- The debt-to-GDP ratio has since declined but remains elevated at around 127% as of 2021.
- Reducing the high debt burden is a key priority for the Portuguese government.
FAQs
Q: What does this economic trend measure?
A: The General government gross debt for Portugal measures the total outstanding debt owed by the Portuguese government, including central, state, and local governments as well as social security funds.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing the sustainability of Portugal's public finances and its ability to service its debt obligations, which is a key factor in evaluating the country's creditworthiness and long-term economic prospects.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund (IMF) as part of its Government Finance Statistics program.
Q: How is this trend used in economic policy?
A: Policymakers and investors closely monitor Portugal's general government gross debt to gauge the country's fiscal policies and long-term economic prospects, as reducing the high debt burden is a key priority for the Portuguese government.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly or annual basis by the IMF, with some potential delays in reporting.
Related Trends
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Portugal
PRTCP040000IXNBM
Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for Portugal
LFHUADMAPTA647N
Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Portugal
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Portugal
PRTCP070000IXOBM
Infra-Annual Labor Statistics: Employment Female: From 15 to 24 Years for Portugal
LFEM24FEPTQ657N
Infra-Annual Labor Statistics: Employment Rate Female: From 25 to 54 Years for Portugal
LREM25FEPTQ156S
Citation
U.S. Federal Reserve, General government gross debt for Portugal (GGGDTAPRT188N), retrieved from FRED.