Micronesia - Central government debt

Central government debt, total (current LCU)

The value for Central government debt, total (current LCU) in Micronesia was 84,368,040 as of 2016. As the graph below shows, over the past 8 years this indicator reached a maximum value of 94,767,030 in 2015 and a minimum value of 70,020,220 in 2008.

Definition: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

Year Value
2008 70,020,220
2009 71,308,940
2010 71,726,500
2011 78,454,110
2012 88,734,050
2013 83,500,420
2014 74,676,690
2015 94,767,030
2016 84,368,040

Central government debt, total (% of GDP)

Central government debt, total (% of GDP) in Micronesia was 25.39 as of 2016. Its highest value over the past 8 years was 29.94 in 2015, while its lowest value was 23.39 in 2014.

Definition: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
2008 26.61
2009 25.44
2010 24.15
2011 25.20
2012 27.12
2013 26.32
2014 23.39
2015 29.94
2016 25.39

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance