General Government Gross Debt for Dominican Republic
DOMGGXWDGGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.05
Year-over-Year Change
-3.44%
Date Range
1/1/1997 - 1/1/2030
Summary
The 'General Government Gross Debt for Dominican Republic' trend measures the total debt obligations of the Dominican Republic's government, providing insight into the country's fiscal health and creditworthiness.
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 economic indicator represents the outstanding debt owed by the Dominican Republic's central, state, and local governments. It is a key metric used by economists, policymakers, and investors to assess the government's ability to manage its finances and service its debt obligations.
Methodology
The data is calculated and reported by the International Monetary Fund (IMF).
Historical Context
This trend is closely watched by global financial markets and institutions when evaluating the Dominican Republic's economic stability and investment prospects.
Key Facts
- The Dominican Republic's general government gross debt was 66.7% of GDP in 2021.
- Debt levels have increased in recent years due to pandemic-related spending.
- Reducing debt levels is a key policy priority for the Dominican government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding debt obligations of the Dominican Republic's central, state, and local governments.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing the Dominican Republic's fiscal sustainability and creditworthiness, which impacts its ability to fund government operations and access international capital markets.
Q: How is this data collected or calculated?
A: The data is calculated and reported by the International Monetary Fund (IMF).
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the Dominican Republic's general government debt levels to evaluate the government's fiscal management and inform decisions on taxation, spending, and debt financing.
Q: Are there update delays or limitations?
A: The data is published annually by the IMF, with some delays in reporting. The metric may not capture all government-backed debt obligations.
Related Trends
Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Dominican Republic
DOMFCBODCNUM
Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Deposit Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Dominican Republic
DOMFCAODCSPNUM
Liquid Assets to Deposits and Short Term Funding for Dominican Republic
DDSI06DOA156NWDB
Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Dominican Republic
DOMFCBODDNUM
Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Dominican Republic
DOMFCSODDXDC
Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Dominican Republic
DOMFCBODUKNUM
Citation
U.S. Federal Reserve, General Government Gross Debt for Dominican Republic (DOMGGXWDGGDP), retrieved from FRED.