Fiscal Situation of General Government: Gross Debt Position for Lao People's Democratic Republic
LAOGGXWDGG01GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.27
Year-over-Year Change
-1.75%
Date Range
1/1/2016 - 1/1/2024
Summary
This economic trend measures the gross debt position of the general government in Lao People's Democratic Republic. It is a key 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 gross debt position of the general government represents the total outstanding debt owed by the central government, state governments, and local governments. This metric is closely watched by economists and policymakers to assess a country's fiscal position and ability to service its debt obligations.
Methodology
The data is collected and reported by the International Monetary Fund (IMF).
Historical Context
Tracking this trend is important for evaluating Lao PDR's economic and financial policies.
Key Facts
- Lao PDR's general government gross debt was 58.5% of GDP in 2021.
- Debt levels have risen in recent years due to infrastructure investments.
- High debt levels pose risks to Lao PDR's economic stability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding debt owed by the central government, state governments, and local governments in Lao People's Democratic Republic.
Q: Why is this trend relevant for users or analysts?
A: Tracking the gross debt position of Lao PDR's general government is important for evaluating the country's fiscal health and ability to service its debt obligations.
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: Policymakers and economists use this trend to assess Lao PDR's fiscal position and the sustainability of its debt levels, which informs economic and financial policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the IMF, but there may be some delays in reporting.
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Citation
U.S. Federal Reserve, Fiscal Situation of General Government: Gross Debt Position for Lao People's Democratic Republic (LAOGGXWDGG01GDPPT), retrieved from FRED.