Central government debt, total (% of GDP) for Senegal
DEBTTLSNA188A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.39
Year-over-Year Change
-19.92%
Date Range
1/1/1996 - 1/1/2001
Summary
This economic trend measures Senegal's total central government debt as a percentage of its gross domestic product (GDP). It is a key indicator of a country's fiscal health and ability to manage its public finances.
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 central government debt-to-GDP ratio is a widely used metric to assess a country's indebtedness and fiscal sustainability. It provides insight into a government's capacity to service its debt obligations and the potential risks it faces from high debt levels.
Methodology
The data is collected and calculated by the World Bank based on government finance statistics.
Historical Context
Policymakers and investors closely monitor this trend to evaluate Senegal's macroeconomic stability and creditworthiness.
Key Facts
- Senegal's central government debt-to-GDP ratio was 66.7% in 2021.
- The debt ratio has increased from 56.8% in 2019 due to the COVID-19 pandemic.
- Senegal aims to reduce its debt ratio to 60% by 2024 under its economic reform program.
FAQs
Q: What does this economic trend measure?
A: This trend measures Senegal's total central government debt as a percentage of its gross domestic product (GDP), which is a key indicator of the government's fiscal health and debt sustainability.
Q: Why is this trend relevant for users or analysts?
A: The central government debt-to-GDP ratio is a widely used metric to assess a country's indebtedness and fiscal sustainability, providing insight into the government's capacity to service its debt obligations and the potential risks it faces from high debt levels.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on government finance statistics.
Q: How is this trend used in economic policy?
A: Policymakers and investors closely monitor this trend to evaluate Senegal's macroeconomic stability and creditworthiness, which can impact the country's access to international financing and its ability to implement economic reforms.
Q: Are there update delays or limitations?
A: The data is subject to the availability of government finance statistics and may have periodic update delays.
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Citation
U.S. Federal Reserve, Central government debt, total (% of GDP) for Senegal (DEBTTLSNA188A), retrieved from FRED.