Fiscal Situation of General Government: Gross Debt Position for Sri Lanka
LKAGGXWDGG01GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.80
Year-over-Year Change
-7.87%
Date Range
1/1/2016 - 1/1/2024
Summary
This economic trend measures Sri Lanka's general government gross debt position, which is a key indicator of the country's fiscal health and 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 Sri Lanka's general government represents the total outstanding debt owed by the national, state, and local governments. This metric is closely watched by economists, policymakers, and investors to assess the government's ability to service its debt obligations.
Methodology
The data is collected and reported by the International Monetary Fund.
Historical Context
This trend is widely used to evaluate Sri Lanka's fiscal policy and creditworthiness in global financial markets.
Key Facts
- Sri Lanka's general government gross debt reached 101.9% of GDP in 2021.
- The country's debt-to-GDP ratio has increased significantly in recent years due to economic and political crises.
- High debt levels have constrained Sri Lanka's ability to fund critical public services and investments.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding debt owed by Sri Lanka's national, state, and local governments, known as the general government gross debt position.
Q: Why is this trend relevant for users or analysts?
A: The gross debt position is a key indicator of Sri Lanka's fiscal health and sustainability, and is closely watched by economists, policymakers, and investors to assess the government's 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.
Q: How is this trend used in economic policy?
A: This trend is widely used to evaluate Sri Lanka's fiscal policy and creditworthiness in global financial markets.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and availability from the International Monetary Fund.
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Citation
U.S. Federal Reserve, Fiscal Situation of General Government: Gross Debt Position for Sri Lanka (LKAGGXWDGG01GDPPT), retrieved from FRED.