General government gross debt for Spain
GGGDTAESA188N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.03
Year-over-Year Change
51.07%
Date Range
1/1/1980 - 1/1/2023
Summary
The General government gross debt for Spain measures the total public debt of the Spanish government, including central, state, and local government obligations. This metric is crucial for assessing Spain's fiscal health and ability to service its debt.
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 for Spain represents the total outstanding debt owed by all levels of the Spanish government. This encompasses borrowing by the central government, regional/state governments, and local municipalities. Economists and policymakers closely monitor this indicator to evaluate Spain's fiscal position and sustainability.
Methodology
The data is collected and calculated by the Organization for Economic Co-operation and Development (OECD).
Historical Context
The Spanish government's debt levels are a key consideration for domestic and international economic and financial policies.
Key Facts
- Spain's general government gross debt was 123.9% of GDP in 2021.
- The debt-to-GDP ratio has increased significantly since the 2008 financial crisis.
- High government debt levels can constrain a country's fiscal policy options.
FAQs
Q: What does this economic trend measure?
A: The General government gross debt for Spain measures the total outstanding debt owed by the Spanish government, including central, state, and local levels.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing Spain's fiscal health and ability to service its debt, which is a key consideration for economic and financial policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Organization for Economic Co-operation and Development (OECD).
Q: How is this trend used in economic policy?
A: The Spanish government's debt levels are a key consideration for domestic and international economic and financial policies.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological changes of the OECD.
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Citation
U.S. Federal Reserve, General government gross debt for Spain (GGGDTAESA188N), retrieved from FRED.