General Government Gross Debt for Nicaragua
NICGGXWDGGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.81
Year-over-Year Change
-5.83%
Date Range
1/1/1997 - 1/1/2030
Summary
The General Government Gross Debt for Nicaragua measures the total debt obligations of the Nicaraguan government. This metric is crucial for evaluating 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
General government gross debt, as defined by the IMF, represents the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. This metric is widely used by economists and policymakers to assess a country's ability to service its debt and manage fiscal risks.
Methodology
This data is collected and reported by the International Monetary Fund (IMF) based on standardized government finance statistics.
Historical Context
The level of general government gross debt is an important indicator monitored by international financial institutions, credit rating agencies, and investors when evaluating a country's economic and fiscal policy.
Key Facts
- Nicaragua's general government gross debt was 62.6% of GDP in 2020.
- General government gross debt has increased from 25.9% of GDP in 2008 to 62.6% in 2020.
- High debt levels can constrain a government's ability to respond to economic shocks.
FAQs
Q: What does this economic trend measure?
A: The General Government Gross Debt for Nicaragua measures the total outstanding debt obligations of the Nicaraguan government, including both domestic and foreign debt.
Q: Why is this trend relevant for users or analysts?
A: The level of general government gross debt is a key indicator of a country's fiscal sustainability and creditworthiness. High debt levels can limit a government's ability to respond to economic shocks and finance critical public services.
Q: How is this data collected or calculated?
A: This data is collected and reported by the International Monetary Fund (IMF) based on standardized government finance statistics.
Q: How is this trend used in economic policy?
A: Policymakers, international institutions, and investors closely monitor a country's general government gross debt as an indicator of fiscal health and to assess the government's ability to service its debt obligations. High debt levels can constrain a government's policy options.
Q: Are there update delays or limitations?
A: The IMF reports this data on an annual basis, with some delays in publication. There may also be limitations in data coverage or comparability across countries.
Related Trends
Non-Bank Financial Institutions' Assets to GDP for Nicaragua
DDDI03NIA156NWDB
People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Nicaragua
DDAI07NIA156NWDB
Number of Identified Exporters to Nicaragua from Texas
TXNICA475SCEN
Value of Exports to Nicaragua from Iowa
IANICA052SCEN
Number of Identified Exporters to Nicaragua from Maryland
MDNICA475SCEN
Geographical Outreach: Number of Commercial Banks for Nicaragua
NICFCIODCNUM
Citation
U.S. Federal Reserve, General Government Gross Debt for Nicaragua (NICGGXWDGGDP), retrieved from FRED.