Fiscal Situation of General Government: Gross Debt Position for Kiribati
KIRGGXWDGG01GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.26
Year-over-Year Change
133.62%
Date Range
1/1/2016 - 1/1/2024
Summary
This economic trend measures Kiribati's general government gross debt position as a percentage of its gross domestic product (GDP). It is an important indicator of the country's fiscal health and debt 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 position represents the total outstanding debt owed by Kiribati's central, state, and local governments. This metric is widely used by economists and policymakers to assess a country's ability to meet its financial obligations and manage fiscal risks.
Methodology
The data is collected and reported by the International Monetary Fund (IMF).
Historical Context
Governments and investors closely monitor this trend to gauge Kiribati's creditworthiness and fiscal policy.
Key Facts
- Kiribati's general government gross debt was 18.7% of GDP in 2021.
- The debt-to-GDP ratio has fluctuated between 15-20% over the past decade.
- Kiribati's debt is primarily held by international creditors and multilateral institutions.
FAQs
Q: What does this economic trend measure?
A: This trend measures Kiribati's general government gross debt position as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used to assess Kiribati's fiscal health, debt sustainability, and creditworthiness, which are important for investors and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund (IMF).
Q: How is this trend used in economic policy?
A: Governments and investors closely monitor this trend to gauge Kiribati's ability to meet its financial obligations and manage fiscal risks.
Q: Are there update delays or limitations?
A: The data is typically updated annually by the IMF, with occasional delays or revisions.
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Citation
U.S. Federal Reserve, Fiscal Situation of General Government: Gross Debt Position for Kiribati (KIRGGXWDGG01GDPPT), retrieved from FRED.