Gross Debt Position of the General Government for Congo, Republic of
COGGGXWDGG01GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.84
Year-over-Year Change
-39.25%
Date Range
1/1/2000 - 1/1/2026
Summary
The Gross Debt Position of the General Government for Congo, Republic of measures the total public debt of the country's government. This metric is closely monitored by economists and policymakers to assess fiscal sustainability and a government's ability to service its obligations.
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 series represents the gross debt liabilities of the general government, including central government, state governments, local governments, and social security funds. It is a key indicator of a nation's fiscal health and indebtedness, used to evaluate public finance management and a government's creditworthiness.
Methodology
The data is collected and reported by the International Monetary Fund.
Historical Context
Policymakers and investors closely track this metric to understand Congo's fiscal position and debt dynamics.
Key Facts
- Congo's general government gross debt was 87.4% of GDP in 2021.
- Debt levels have risen in recent years due to fiscal deficits and economic challenges.
- High public debt can constrain a government's ability to respond to economic shocks.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total gross debt liabilities of Congo's general 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 debt position indicator is crucial for assessing Congo's fiscal sustainability, creditworthiness, and the government's ability to service its obligations.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund.
Q: How is this trend used in economic policy?
A: Policymakers and investors monitor this metric to understand Congo's fiscal position and debt dynamics, which informs decisions on fiscal policy, debt management, and creditworthiness.
Q: Are there update delays or limitations?
A: The data is published annually by the IMF, with some delay in reporting the latest figures.
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Citation
U.S. Federal Reserve, Gross Debt Position of the General Government for Congo, Republic of (COGGGXWDGG01GDPPT), retrieved from FRED.