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World Economic Outlook (WEO) data, IMF 		 
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Govt gross debt
Large Economies
Argentina $328bRussia $1,661b
Australia $1,055bSingapore $190b
Brazil $1,650bSouth Africa $274b
Canada $1,503bSweden $486b
China $4,520bTurkey $730b
Denmark $344bUnited Kingdom $2,657b
France $2,843bUnited States $14,292b
Germany $3,641b
India $1,251b
Italy $2,318b
Japan $4,849b
Korea $931b
Mexico $1,094b
Netherlands $875b
Norway $454b
 Debt Crisis
Greece $349b
Ireland $265b
Italy $2,318b
Portugal $253b
Spain $1,601b
 All Countries with 2008 gdp bil usd
Islamic Republ $10bBelgium $509bCape Verde $2bDjibouti $bGeorgia $13bIndonesia $511bKyrgyz Republi $5bMalta $9bNiger $5bRwanda $5bSt. Kitts and $bTonga $bVietnam $90bASEAN-5 $1,270b
Albania $13bBelize $1bCentral Africa $2bDominica $bGermany $3,641bIslamic Republ $351bLao People's D $5bMauritania $4bNigeria $207bSamoa $bSt. Lucia $1bTrinidad and T $28bRepublic of Ye $27bLatin America $4,299b
Algeria $172bBenin $7bChad $8bDominican Repu $46bGhana $29bIraq $87bLatvia $33bMauritius $10bNorway $454bSão Tomé and P $bSt. Vincent an $bTunisia $45bZambia $15bMiddle East an $2,329b
Angola $84bBhutan $1bChile $179bEcuador $54bGreece $349bIreland $265bLebanon $30bMexico $1,094bOman $61bSaudi Arabia $477bSudan $54bTurkey $730bZimbabwe $4bSub-Saharan Af $940b
Antigua and Ba $1bBolivia $17bChina $4,520bEgypt $162bGrenada $bIsrael $202bLesotho $2bMoldova $6bPakistan $164bSenegal $13bSuriname $3bTurkmenistan $22bWorld $61,167b
Argentina $328bBosnia and Her $19bColombia $236bEl Salvador $21bGuatemala $39bItaly $2,318bLiberia $bMongolia $6bPanama $23bSerbia $48bSwaziland $3bTuvalu $bAdvanced econo $42,063b
Armenia $12bBotswana $14bComoros $bEquatorial Gui $18bGuinea $5bJamaica $14bLibya $98bMontenegro $5bPapua New Guin $8bSeychelles $bSweden $486bUganda $14bEuro area $13,605b
Australia $1,055bBrazil $1,650bDemocratic Rep $12bEritrea $1bGuinea-Bissau $bJapan $4,849bLithuania $48bMorocco $89bParaguay $17bSierra Leone $2bSwitzerland $503bUkraine $180bMajor advanced $32,102b
Austria $416bBrunei Darussa $14bRepublic of Co $12bEstonia $24bGuyana $2bJordan $22bLuxembourg $58bMozambique $10bPeru $126bSingapore $190bSyrian Arab Re $53bUnited Arab Em $315bNewly industri $1,737b
Azerbaijan $46bBulgaria $52bCosta Rica $30bEthiopia $27bHaiti $7bKazakhstan $135bFormer Yugosla $10bMyanmar $31bPhilippines $174bSlovak Republi $95bTaiwan Provinc $400bUnited Kingdom $2,657bOther advanced $5,154b
The Bahamas $8bBurkina Faso $8bCôte d'Ivoire $24bFiji $4bHonduras $14bKenya $27bMadagascar $9bNamibia $9bPoland $529bSlovenia $55bTajikistan $5bUnited States $14,292bEuropean Union $18,342b
Bahrain $22bBurundi $2bCroatia $70bFinland $273bHong Kong SAR $215bKiribati $bMalawi $4bNepal $13bPortugal $253bSolomon Island $bTanzania $19bUruguay $30bEmerging and d $19,104b
Bangladesh $84bCambodia $10bCyprus $25bFrance $2,843bHungary $154bKorea $931bMalaysia $223bNetherlands $875bQatar $115bSouth Africa $274bThailand $273bUzbekistan $29bCentral and ea $1,920b
Barbados $4bCameroon $24bCzech Republic $225bGabon $15bIceland $17bKosovo $6bMaldives $2bNew Zealand $132bRomania $204bSpain $1,601bDemocratic Rep $3bVanuatu $bCommonwealth o $2,180b
Belarus $61bCanada $1,503bDenmark $344bThe Gambia $bIndia $1,251bKuwait $147bMali $9bNicaragua $6bRussia $1,661bSri Lanka $41bTogo $3bVenezuela $315bDeveloping Asi $7,435b
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| Select Variable
GDP, constant prices Natl currency |
GDP, constant prices   *   % chg
GDP, current prices   *   Natl currency |
GDP, current prices   *   U.S. $s |
GDP, deflator Index, 2000=100
GDP per capita, constant pri Natl currency
GDP per capita, current pric Natl currency
GDP per capita, current pric U.S. $s
Output gap in percent of pot % of potential GDP
GDP based on PPP valuation o Current intl $ |
GDP based on PPP per capita Current intl $
GDP based on PPP share of wo %
Implied PPP conversion rate Natl currency/$
Total investment % of GDP
Gross national savings % of GDP
Inflation, average consumer Index
Inflation, average consumer % chg
Inflation, end of period con Index
Inflation, end of period con   *   % chg
Six-month London interbank o %
Volume of imports of goods a % chg
Volume of Imports of goods % chg
Volume of exports of goods a % chg
Volume of exports of goods % chg
Value of oil imports U.S. $s |
Value of oil exports U.S. $s |
Unemployment rate   *   % of total labor force
Employment Index, 2000=100
Population   *   Persons |
Govt revenue Natl currency |
Govt revenue % of GDP
Govt total expenditure Natl currency |
Govt total expenditure   *   % of GDP
Govt net lending/borrowing Natl currency |
Govt net lending/borrowing % of GDP
Govt structural balance Natl currency |
Govt structural balance % of potential GDP
Govt primary net lending/bor Natl currency |
Govt primary net lending/bor % of GDP
Govt net debt Natl currency |
Govt net debt % of GDP
Govt gross debt Natl currency |
Govt gross debt   *   % of GDP
GDP corresponding to fiscal Natl currency |
Current account balance U.S. $s |
Current account balance % of GDP
*_popular_variable. 		  Govt gross debt   GGXWDG   National currency | Billions Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). (f) = observation is an IMF forecast
cntry code variable cd country data for
all years 		1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
  2   ALB | 914 GGXWDG   Albania National currency | Billions   1997-2010272.58312.18344.67364.22384.21407.65421.37433.36474.44500.06521.05600.19687.85721.03769.62(f) 826.09(f) 881.00(f) 938.76(f) 1004.18(f) 1077.03(f) 1155.32(f)
  3   DZA | 612 GGXWDG   Algeria National currency | Billions   1991-2010671.03676.26880.731463.252329.702522.401942.112062.392664.142590.112462.862473.212339.122265.702058.222283.981256.41893.661045.531333.761376.09(f) 1364.16(f) 1388.61(f) 1392.29(f) 1394.07(f) 1396.31(f) 1397.31(f)
  4   AGO | 614 GGXWDG   Angola National currency | Billions   2000-200995.83201.16385.97677.15841.781045.68692.69965.191989.622172.722840.44(f) 2924.99(f) 2795.54(f) 2703.69(f) 2670.27(f) 2505.11(f) 2417.96(f) 2354.62(f)
  5   ATG | 311 GGXWDG   Antigua and Barbuda National currency | Billions   1997-20100.78701.8831.8922.3462.5492.7772.6812.8062.4112.6732.2682.3122.7452.3412.390(f) 2.782(f) 2.814(f) 2.700(f) 2.654(f) 2.537(f) 2.412(f)
  6   ARG | 213 GGXWDG   Argentina National currency | Billions   1997-2010101.05112.30121.84127.95144.38513.99523.79568.15462.93499.80544.39603.61672.32707.85813.26(f) 956.21(f) 1102.52(f) 1281.24(f) 1432.71(f) 1638.06(f) 1769.23(f)
  7   ARM | 911 GGXWDG   Armenia National currency | Billions   1996-2011271.68376.05433.74491.18504.40444.76519.17534.18504.31459.05429.85448.76522.061072.431167.511356.161578.33(f) 1767.03(f) 1892.42(f) 2038.54(f) 2234.36(f) 2500.41(f)
  8   AUS | 193 GGXWDG   Australia National currency | Billions   1989-201166.2468.0889.98119.51139.40153.15159.28159.17148.47143.64143.92134.02124.96117.44109.40106.42104.69103.34109.49145.22211.42276.46329.61360.21(f) 370.26(f) 372.43(f) 351.64(f) 321.61(f) 297.38(f)
  9   AUT | 122 GGXWDG   Austria National currency | Billions   1988-201168.2671.7176.5282.3386.8197.04107.08119.21123.02118.18123.64133.15138.00143.11146.02146.86151.87157.43161.39165.02180.48191.07205.58217.55230.15(f) 240.50(f) 247.66(f) 253.67(f) 258.21(f) 262.56(f)
  10   AZE | 912 GGXWDG   Azerbaijan National currency | Billions   2000-20111.0771.2961.3951.5601.7201.6701.9202.4412.7734.1984.7345.1245.996(f) 6.236(f) 6.467(f) 6.927(f) 7.481(f) 7.789(f)
  11   BHS | 313 GGXWDG   The Bahamas National currency | Billions   1991-20100.82100.91101.0081.1001.1531.2021.3061.4071.4731.5101.5541.7001.8692.0172.1672.3112.5112.7013.0443.5203.834(f) 4.151(f) 4.538(f) 4.900(f) 5.265(f) 5.631(f)
  12   BHR | 419 GGXWDG   Bahrain National currency | Billions   1990-20100.14100.13700.13800.14000.14100.36200.36300.42300.54800.73300.87700.90101.0241.3511.4541.4531.4091.3351.2141.8422.8753.580(f) 3.304(f) 3.383(f) 3.730(f) 4.261(f) 4.980(f) 5.921(f)
  14   BRB | 316 GGXWDG   Barbados National currency | Billions   1994-20102.4512.6252.8233.0363.0903.2163.7494.1404.4464.6324.9915.7216.2477.2787.9199.07310.0910.63(f) 11.23(f) 11.72(f) 12.12(f) 12.44(f) 12.70(f) 12.85(f)
  15   BLR | 913 GGXWDG   Belarus National currency | Billions   2004-20114767.455459.8310623.2317826.5828198.4447929.2767452.98138666.30186859.40(f) 230521.80(f) 253413.10(f) 282944.80(f) 311934.30(f) 335348.20(f)
  16   BEL | 124 GGXWDG   Belgium National currency | Billions   1980-201167.2382.3298.96116.05130.29144.35157.77170.13182.68193.08211.05223.63239.97254.94265.11270.68269.15271.35269.61271.30272.19276.65277.72271.64273.88279.01280.41282.11309.19326.32340.74363.46374.33(f) 382.70(f) 387.75(f) 389.70(f) 390.97(f) 391.22(f)
  17   BLZ | 339 GGXWDG   Belize National currency | Billions   2001-20101.4871.6852.0562.1912.3112.2772.2822.1602.2382.3652.400(f) 2.454(f) 2.526(f) 2.601(f) 2.678(f) 2.763(f) 2.862(f)
  18   BEN | 638 GGXWDG   Benin National currency | Billions   2000-20101014.341099.43935.22769.49751.04992.59361.20555.54798.87848.42975.341078.33(f) 1129.32(f) 1173.16(f) 1202.83(f) 1238.11(f) 1269.17(f) 1250.41(f)
  19   BTN | 514 GGXWDG   Bhutan National currency | Billions   1993-20094.3224.3773.7294.0704.2535.5356.9428.68411.4514.6120.1924.5328.8332.5833.6034.4739.2746.94(f) 62.07(f) 83.71(f) 104.30(f) 124.97(f) 146.07(f) 162.53(f)
  20   BOL | 218 GGXWDG   Bolivia National currency | Billions   2000-200934.7432.2539.1945.8562.3661.9150.6742.1845.6949.2753.86(f) 55.86(f) 58.37(f) 60.99(f) 63.46(f) 66.20(f) 68.75(f) 70.69(f)
  21   BIH | 963 GGXWDG   Bosnia and Herzegovina National currency | Billions   1998-20105.0155.9244.2304.4044.4524.1274.0324.3384.1987.1607.7048.6639.69310.27(f) 11.24(f) 11.38(f) 11.58(f) 11.88(f) 12.16(f) 12.30(f)
  22   BWA | 616 GGXWDG   Botswana National currency | Billions   1998-20092.4232.4252.4262.9172.6954.4894.6893.8933.6575.6945.69413.9418.79(f) 21.30(f) 22.33(f) 22.32(f) 21.55(f) 20.64(f) 19.76(f) 18.87(f)
  23   BRA | 223 GGXWDG   Brazil National currency | Billions   2000-2011786.14914.601179.341271.261373.771485.151579.921734.951926.802167.862456.352741.892930.35(f) 3105.88(f) 3301.41(f) 3517.36(f) 3705.03(f) 3981.49(f)
  25   BGR | 918 GGXWDG   Bulgaria National currency | Billions   2000-201120.6320.7818.1916.6415.5613.3912.1211.1710.7110.6411.7812.8316.52(f) 14.17(f) 13.91(f) 11.77(f) 11.16(f) 12.23(f)
  26   BFA | 748 GGXWDG   Burkina Faso National currency | Billions   2002-20101087.741090.271171.241270.82687.15713.15883.521029.641185.171385.12(f) 1408.01(f) 1515.05(f) 1642.68(f) 1787.51(f) 1947.29(f) 2147.64(f)
  27   BDI | 618 GGXWDG   Burundi National currency | Billions   2000-2009855.84927.441222.131460.791824.201655.051706.211884.662131.28788.71916.30(f) 1047.64(f) 1125.79(f) 1179.47(f) 1247.99(f) 1286.53(f) 1342.56(f) 1418.46(f)
  28   KHM | 522 GGXWDG   Cambodia National currency | Billions   1996-20112790.013248.954390.154652.874978.895461.266678.468000.568934.089281.229750.8510731.7011525.4712465.8713687.4114879.6716395.01(f) 17809.59(f) 19838.05(f) 21596.84(f) 23374.18(f) 25098.59(f)
  29   CMR | 622 GGXWDG   Cameroon National currency | Billions   2000-20106681.426308.914875.544771.405135.484510.041489.121170.811014.621114.201348.701538.63(f) 2363.80(f) 2753.23(f) 3156.24(f) 3476.29(f) 3763.82(f) 3998.22(f)
  30   CAN | 156 GGXWDG   Canada National currency | Billions   1980-2011143.46169.18200.07240.26277.28324.79363.90399.36435.81475.19511.23564.33632.05700.45755.16823.40851.25850.23870.73897.65884.16915.90928.71928.83937.21983.791018.991017.461139.741278.111381.911460.081525.86(f) 1540.41(f) 1577.41(f) 1613.05(f) 1629.60(f) 1640.64(f)
  31   CPV | 624 GGXWDG   Cape Verde National currency | Billions   2002-201165.7170.8676.0582.5184.5179.2679.8487.47102.60117.00133.49(f) 150.22(f) 165.13(f) 176.36(f) 186.24(f) 195.54(f)
  32   CAF | 626 GGXWDG   Central African Republ National currency | Billions   2000-2010583.24688.31655.22644.48681.78770.27725.32639.04702.00329.01369.21417.89(f) 400.08(f) 377.06(f) 346.34(f) 303.68(f) 258.95(f) 220.57(f)
  33   TCD | 628 GGXWDG   Chad National currency | Billions   1999-2010635.15737.38797.86788.72737.93797.691041.03975.37873.07882.901018.561378.481416.40(f) 1416.65(f) 1382.62(f) 1335.74(f) 1324.55(f) 1389.13(f) 1361.25(f)
  34   CHL | 228 GGXWDG   Chile National currency | Billions   1996-20114724.484593.964572.515106.575549.446515.337286.306650.796228.854819.884097.153517.364614.505619.229535.0111914.1613031.70(f) 13610.02(f) 13011.20(f) 12175.86(f) 12182.47(f) 12252.50(f)
  35   CHN | 924 GGXWDG   China National currency | Billions   1984-20117.00029.8033.3043.4067.10110.40129.70161.80134.10237.20295.80373.10483.10517.52962.301238.611631.571942.092278.692613.892963.353261.413501.535207.475327.156023.7713465.7612186.7511567.31(f) 11335.21(f) 11123.76(f) 10724.54(f) 10063.61(f) 8995.79(f)
  36   COL | 233 GGXWDG   Colombia National currency | Billions   1996-200928020.8036736.8046083.4561540.3075785.1692415.86107755.50124267.10132020.60131099.60141196.20140895.30148241.20182421.40197696.50(f) 214017.80(f) 217306.80(f) 231837.70(f) 241739.90(f) 259511.50(f) 279427.30(f) 299708.10(f)
  37   COM | 632 GGXWDG   Comoros National currency | Billions   2000-2010127.28125.12114.73120.54112.12108.95110.3296.1996.51
  38   COD | 636 GGXWDG   Democratic Republic of National currency | Billions   2000-2010704.873101.464116.454147.325097.865041.256156.046526.748689.1312370.813684.364628.15(f) 6125.26(f) 7030.18(f) 8485.17(f) 9507.26(f) 10504.12(f) 11215.68(f)
  39   COG | 634 GGXWDG   Republic of Congo National currency | Billions   1990-20101058.701059.101005.401295.702654.172775.782758.072982.393041.363357.043741.904010.253794.914152.434879.173476.273994.723941.093614.502592.851417.321543.65(f) 1636.63(f) 1587.50(f) 1494.97(f) 1447.69(f) 1402.44(f) 1336.64(f)
  40   CRI | 238 GGXWDG   Costa Rica National currency | Billions   2000-20101797.622082.922471.932793.183341.693574.223836.673746.613891.324587.325562.346379.20(f) 7383.77(f) 8344.12(f) 9410.23(f) 10605.13(f) 11924.21(f) 13377.72(f)
  41   CIV | 662 GGXWDG   Côte d'Ivoire National currency | Billions   1997-20118282.648042.038549.548118.397482.227491.947220.896943.597447.187650.157175.957893.237232.967541.617712.517870.73(f) 8476.09(f) 9081.04(f) 9298.96(f) 9457.48(f) 9683.93(f)
  42   HRV | 960 GGXWDG   Croatia National currency | Billions   2002-201072.6081.1193.13101.74103.04104.66100.62117.73138.00155.49(f) 184.32(f) 202.42(f) 221.53(f) 240.92(f) 260.89(f) 280.55(f)
  43   CYP | 423 GGXWDG   Cyprus National currency | Billions   1995-20103.5063.8534.4085.2195.6675.8146.4537.0968.1088.8839.3009.3319.2628.3479.82610.6212.88(f) 13.57(f) 13.93(f) 13.93(f) 13.93(f) 13.93(f) 13.93(f)
  44   CZE | 935 GGXWDG   Czech Republic National currency | Billions   1995-2010214.60210.11237.20298.52340.12403.95584.89694.89768.22847.79885.40948.111023.781104.921282.291417.731579.40(f) 1714.11(f) 1839.83(f) 1966.18(f) 2088.87(f) 2212.72(f) 2339.81(f)
  45   DNK | 128 GGXWDG   Denmark National currency | Billions   1998-2010842.48813.70781.55779.81799.61793.45785.85700.91669.35577.47734.18691.93760.74830.61(f) 937.67(f) 984.74(f) 1008.13(f) 1024.06(f) 1025.79(f) 1010.13(f)
  46   DJI | 611 GGXWDG   Djibouti National currency | Billions   2003-201173.7080.3378.1177.6195.90105.07111.45112.61122.13127.06(f) 138.45(f) 147.46(f) 157.35(f) 168.24(f) 174.13(f)
  47   DMA | 321 GGXWDG   Dominica National currency | Billions   1990-20100.30800.34800.34900.36700.40700.43900.43100.40300.49700.55500.62600.89600.89400.91000.85100.83500.84800.85200.82300.82900.89800.9380(f) 0.9830(f) 1.016(f) 1.015(f) 1.011(f) 1.007(f) 1.000(f)
  48   DOM | 243 GGXWDG   Dominican Republic National currency | Billions   1997-201038.8242.2269.6880.4383.61108.74262.59244.08293.79302.04311.01388.82476.64545.90630.72(f) 715.88(f) 804.88(f) 886.03(f) 972.59(f) 1066.80(f) 1171.61(f)
  49   ECU | 248 GGXWDG   Ecuador National currency | Billions   2001-201013.9813.3713.5813.2113.0111.8712.1411.468.1529.33911.93(f) 13.26(f) 14.21(f) 15.52(f) 17.40(f) 19.69(f) 22.22(f)
  50   EGY | 469 GGXWDG   Egypt National currency | Billions   2002-2011342.68427.07492.34556.23558.08597.28628.62761.07882.891048.721215.48(f) 1378.83(f) 1534.30(f) 1676.78(f) 1800.96(f) 1894.59(f)
  51   SLV | 253 GGXWDG   El Salvador National currency | Billions   1992-20102.6402.4102.6362.6772.9593.0522.9423.1633.4834.4745.3055.8686.2256.5907.2537.6468.4129.96110.6411.56(f) 12.22(f) 12.71(f) 13.19(f) 13.66(f) 14.11(f) 14.58(f)
  52   GNQ | 642 GGXWDG   Equatorial Guinea National currency | Billions   1980-20109.83117.9930.4439.6750.0861.5448.4147.5855.5263.2057.5263.6358.5770.54145.06116.30130.13143.33155.45277.55304.39307.62311.34178.67170.66129.4481.7165.2953.85292.53541.15780.63(f) 1067.03(f) 979.38(f) 813.18(f) 546.53(f) 276.12(f) 84.46(f)
  53   ERI | 643 GGXWDG   Eritrea National currency | Billions   2000-200810.8414.7718.0323.1921.5226.3728.2431.7437.1241.59(f) 47.12(f) 53.68(f) 60.13(f) 67.18(f) 74.83(f) 85.09(f) 94.96(f) 108.42(f)
  54   EST | 939 GGXWDG   Estonia National currency | Billions   1995-20110.24800.26900.27600.27500.32100.31600.33300.44600.49000.48700.51100.59100.59200.73700.99100.95700.96500.9650(f) 0.9650(f) 0.9650(f) 0.9650(f) 0.9650(f) 0.9650(f)
  55   ETH | 644 GGXWDG   Ethiopia National currency | Billions   1992-201126.8455.2064.5372.9274.4546.3149.4658.2464.9567.6877.0784.6991.6084.0987.9765.7881.86107.96140.72187.70220.73(f) 255.06(f) 292.40(f) 331.92(f) 366.95(f) 402.06(f)
  56   FJI | 819 GGXWDG   Fiji National currency | Billions   1992-20070.84400.92400.98201.0021.5801.7731.3061.3551.4341.6801.8942.1342.2802.4232.8542.7352.888(f) 3.152(f) 3.365(f) 3.685(f) 3.891(f) 4.033(f) 4.168(f) 4.318(f) 4.277(f) 4.444(f)
  57   FIN | 172 GGXWDG   Finland National currency | Billions   1980-20103.6004.3155.8217.2127.9699.05810.1211.7312.4512.0312.3718.6732.6945.5349.9853.3355.2556.7755.5455.8657.8959.1459.5764.7867.5965.6565.7063.2363.0275.0086.9793.03(f) 101.06(f) 107.86(f) 113.11(f) 119.66(f) 125.61(f) 130.95(f)
  58   FRA | 132 GGXWDG   France National currency | Billions   1980-201092.20110.10145.50170.00201.40227.70249.30281.20302.80333.30363.60385.10440.10515.40570.00662.80711.80751.30786.60804.50826.40851.60910.901003.401076.901145.401149.901211.601318.601492.701591.201721.23(f) 1835.52(f) 1921.72(f) 1993.55(f) 2048.26(f) 2080.70(f) 2093.96(f)
  59   GAB | 646 GGXWDG   Gabon National currency | Billions   1990-20101553.091450.241385.131469.381765.841933.662002.221888.532466.992234.492785.532979.263000.622652.472470.862461.022102.432396.521356.661364.791635.411638.45(f) 1543.53(f) 1521.37(f) 1527.59(f) 1523.11(f) 1524.43(f) 1138.92(f)
  60   GMB | 648 GGXWDG   The Gambia National currency | Billions   2000-20119.45712.0316.7922.5923.1123.5326.1812.4715.3815.8917.9619.6922.04(f) 23.39(f) 24.72(f) 26.09(f) 27.59(f) 29.15(f)
  61   GEO | 915 GGXWDG   Georgia National currency | Billions   2004-20104.2853.9663.7693.6625.2696.7088.1248.209(f) 8.785(f) 9.407(f) 10.16(f) 10.92(f) 11.67(f) 12.22(f)
  62   DEU | 134 GGXWDG   Germany National currency | Billions   1991-2011606.73692.64776.62854.891027.711096.251142.851185.451225.271232.221243.111295.281383.541453.641524.021571.671583.381650.011767.002061.002095.362085.87(f) 2107.35(f) 2118.98(f) 2131.53(f) 2137.41(f) 2142.13(f)
  63   GHA | 652 GGXWDG   Ghana National currency | Billions   1990-20090.09200.11300.16500.32200.64900.95901.1771.6371.8302.9274.9485.4066.5118.0297.5197.5984.9047.18810.1413.2621.30(f) 24.89(f) 30.08(f) 34.07(f) 40.26(f) 47.15(f) 53.02(f) 62.76(f)
  64   GRC | 174 GGXWDG   Greece National currency | Billions   1980-20101.5102.1422.9594.0466.0018.52110.3012.9017.0921.2931.4239.6149.0369.2476.9686.8897.79105.19111.92126.56140.97151.87158.89167.72183.12195.39224.20239.36262.32298.71328.59350.26(f) 315.84(f) 330.35(f) 332.73(f) 330.30(f) 327.45(f) 324.95(f)
  65   GRD | 328 GGXWDG   Grenada National currency | Billions   1996-20110.43500.43900.41400.41400.47900.52200.84700.97501.2211.4631.5541.6251.6311.7861.8401.9212.051(f) 2.190(f) 2.339(f) 2.486(f) 2.648(f) 2.810(f)
  66   GTM | 258 GGXWDG   Guatemala National currency | Billions   2000-201025.3729.6729.8236.3640.8043.1249.7655.8659.5570.5880.2787.85(f) 98.10(f) 107.87(f) 117.66(f) 127.68(f) 137.70(f) 147.72(f)
  67   GIN | 656 GGXWDG   Guinea National currency | Billions   1990-20111753.932240.792555.793004.073276.793389.953612.073874.314698.536140.736455.036714.096565.427705.629769.2816080.2220689.7916032.3818481.9516767.7621802.9024524.5426688.89(f) 32313.94(f) 36450.13(f) 39273.07(f) 41541.78(f) 46999.08(f)
  68   GNB | 654 GGXWDG   Guinea-Bissau National currency | Billions   2000-2011603.25617.78639.28588.64618.85686.94631.44591.10632.30620.67202.90206.55213.71(f) 214.94(f) 211.51(f) 210.08(f) 208.77(f) 209.40(f)
  69   GUY | 336 GGXWDG   Guyana National currency | Billions   1997-2010220.60231.49237.95246.54273.55290.37276.11293.22303.37271.82211.25241.15253.03276.93313.09(f) 350.45(f) 395.47(f) 438.51(f) 468.55(f) 501.89(f) 539.69(f)
  70   HTI | 263 GGXWDG   Haiti National currency | Billions   1997-200923.7325.5327.6443.0442.5151.1672.9470.1379.3076.9876.5694.7173.7545.24(f) 31.65(f) 56.24(f) 77.20(f) 96.82(f) 117.70(f) 139.61(f) 158.16(f)
  71   HND | 268 GGXWDG   Honduras National currency | Billions   1990-201039.1829.1930.6033.5032.6132.4038.5751.6556.1767.3972.3977.2885.4099.59101.2388.6365.4146.0852.0164.1376.6692.67(f) 110.94(f) 125.86(f) 137.15(f) 149.97(f) 164.92(f) 176.53(f)
  72   HKG | 532 GGXWDG   Hong Kong SAR National currency | Billions   2001-2010333.08353.34367.67405.75445.91470.27497.07510.37551.23578.80607.74(f) 638.12(f) 670.03(f) 703.53(f) 738.71(f) 775.64(f) 814.42(f)
  73   HUN | 944 GGXWDG   Hungary National currency | Billions   1997-20105363.746152.776967.927290.007942.959539.9910963.7212283.1313582.5115592.5016732.8119346.8520422.4021749.5722649.00(f) 22257.79(f) 23189.39(f) 24217.00(f) 25170.30(f) 26080.42(f) 26996.52(f)
  74   ISL | 176 GGXWDG   Iceland National currency | Billions   1980-20114.0815.72611.6321.3429.7239.9949.2758.7880.85114.73134.54154.18185.64220.08245.07267.61274.45279.35281.59274.52280.60354.19343.47343.52320.03260.69352.07380.881042.331318.161424.231616.891686.42(f) 1712.87(f) 1764.63(f) 1794.89(f) 1783.40(f) 1850.39(f)
  75   IND | 534 GGXWDG   India National currency | Billions   1991-20104987.535765.666644.967476.408328.809159.0910338.7311875.3013697.1815569.7817919.5120396.8923206.6326237.3629158.7432306.0735966.5640702.4345518.2351067.2358030.93(f) 65466.91(f) 73953.63(f) 83569.25(f) 94428.34(f) 106639.30(f) 120384.80(f)
  76   IDN | 536 GGXWDG   Indonesia National currency | Billions   2000-20101321664.001319703.001235244.001218650.001281670.001285764.001301931.001384791.001644845.001605420.001762067.001859008.00(f) 2014131.00(f) 2105133.00(f) 2214147.00(f) 2341394.00(f) 2498027.00(f) 2685262.00(f)
  77   IRN | 429 GGXWDG   Islamic Republic of Ir National currency | Billions   1996-201078032.7085640.10110013.70110639.50135527.50136520.40237000.10293803.20369741.10394310.10402564.50474020.60446003.50527172.10724521.80692952.30(f) 658810.30(f) 653131.60(f) 647328.00(f) 782356.70(f) 1168967.00(f) 1714063.00(f)
  78   IRQ | 433 GGXWDG   Iraq National currency | Billions   2005-2010164263.00146325.50129395.00114021.70108272.40113386.00117339.80(f) 52576.16(f) 49112.73(f) 44684.08(f) 40847.89(f) 36829.30(f) 32927.42(f)
  79   IRL | 178 GGXWDG   Ireland National currency | Billions   1980-20118.54011.0313.9818.0720.9623.4628.8231.1032.6833.3334.1936.0037.0441.1341.6743.6043.1643.6942.0843.8539.6641.5841.9143.3243.8644.2344.0647.1679.60104.65144.27164.18180.28(f) 193.69(f) 201.04(f) 205.23(f) 209.71(f) 213.51(f)
  80   ISR | 436 GGXWDG   Israel National currency | Billions   2000-2010429.41460.12517.39536.42553.97563.58549.16536.38556.84608.49618.33646.13(f) 667.40(f) 693.69(f) 717.80(f) 740.81(f) 763.37(f) 785.27(f)
  81   ITA | 136 GGXWDG   Italy National currency | Billions   1988-2011522.73590.00663.83750.80847.60959.111069.421151.491213.511238.171254.391281.551300.271358.351368.901394.341445.831514.411584.091602.111666.641763.681842.861897.951938.44(f) 1966.21(f) 1993.24(f) 2020.63(f) 2046.52(f) 2069.67(f)
  82   JAM | 343 GGXWDG   Jamaica National currency | Billions   1999-2010297.09362.65467.97575.20700.49767.22855.56949.601047.251293.811543.171686.351800.86(f) 2038.46(f) 2233.36(f) 2431.67(f) 2691.60(f) 2984.04(f) 3329.05(f)
  83   JPN | 158 GGXWDG   Japan National currency | Billions   1980-2010124777.80146511.40164844.10187571.00204005.70220176.70241702.50260448.40271858.90280128.50301288.00316781.40347531.30379330.80413184.10457697.10506663.10552386.60606332.20665790.90714541.90776689.10818560.70845917.00910014.60939458.40942424.00938808.00961380.30990554.001037243.001076315.00(f) 1124401.00(f) 1167782.00(f) 1207966.00(f) 1247571.00(f) 1287728.00(f) 1328616.00(f)
  84   JOR | 439 GGXWDG   Jordan National currency | Billions   1990-20106.0675.9355.4655.3205.5065.4135.5775.4906.1486.2416.0276.1396.7757.2037.4297.5248.1468.9509.39610.9112.5414.48(f) 16.02(f) 17.00(f) 17.84(f) 18.76(f) 19.76(f) 20.86(f)
  85   KAZ | 916 GGXWDG   Kazakhstan National currency | Billions   2002-2011664.32686.84668.70614.80680.98749.561083.631739.382330.492869.782839.45(f) 2718.54(f) 2641.89(f) 2306.96(f) 1865.94(f) 1410.67(f)
  86   KEN | 664 GGXWDG   Kenya National currency | Billions   1998-2010466.62488.82511.02533.22617.15691.77701.08719.80758.69843.52960.211124.991270.711468.39(f) 1651.88(f) 1871.07(f) 2069.73(f) 2294.08(f) 2589.83(f) 2933.65(f)
  88   KOR | 542 GGXWDG   Korea National currency | Billions   1990-201026432.9929810.1133356.4135372.2737079.1738366.0839659.4554334.5676932.2596614.46108705.60121815.70133730.00165825.00203687.00247972.00282783.00298902.00309046.00359609.00392237.50422303.00(f) 432193.80(f) 433763.00(f) 432474.90(f) 431595.80(f) 430883.40(f) 427345.70(f)
  90   KWT | 443 GGXWDG   Kuwait National currency | Billions   1990-20090.05806.3677.1008.1508.4527.4048.0735.4504.7044.6614.0993.8863.7373.4983.2493.3363.1153.8553.8703.4543.751(f) 3.581(f) 3.514(f) 3.439(f) 3.368(f) 3.300(f) 3.236(f) 3.175(f)
  91   KGZ | 917 GGXWDG   Kyrgyz Republic National currency | Billions   2000-201179.9279.2980.5489.6687.6686.7182.5080.6191.10116.68132.94143.21155.47(f) 175.96(f) 193.51(f) 212.44(f) 232.96(f) 243.48(f)
  92   LAO | 544 GGXWDG   Lao People's Democrati National currency | Billions   2001-200916015.8219035.7521622.8722475.0023466.7024432.3224923.4026809.3829350.9032597.87(f) 35062.82(f) 38298.39(f) 41953.25(f) 45990.02(f) 50463.43(f) 54890.13(f) 58684.61(f)
  93   LVA | 941 GGXWDG   Latvia National currency | Billions   1999-20110.52100.58300.73000.77500.93401.0721.0661.1021.1472.7664.2955.0815.3495.743(f) 6.397(f) 6.318(f) 6.018(f) 6.414(f) 6.342(f)
  94   LBN | 446 GGXWDG   Lebanon National currency | Billions   2000-201137989.0942680.5846320.6350321.8954082.0057984.5060850.9263364.1570888.0077112.0079298.0080167.0985276.30(f) 90722.22(f) 96330.82(f) 102476.80(f) 109311.20(f) 116427.30(f)
  95   LSO | 666 GGXWDG   Lesotho National currency | Billions   1988-20080.28200.37000.31100.24901.6132.0412.2002.3693.0313.1404.1974.7555.6007.9336.5584.6934.5445.3916.3036.8686.9335.674(f) 5.744(f) 7.191(f) 8.669(f) 9.853(f) 10.37(f) 11.23(f) 12.07(f) 13.20(f)
  96   LBR | 668 GGXWDG   Liberia National currency | Billions   2000-20114.1794.2794.3794.4794.5794.6794.7794.4453.2341.7080.14100.15400.1800(f) 0.2130(f) 0.2560(f) 0.3030(f) 0.3570(f) 0.4170(f)
  97   LBY | 672 GGXWDG   Libya National currency | Billions   1990-20106.3726.3726.5467.1948.2858.4818.7968.7818.7328.7327.6448.0178.0178.0170.39800.39800.3980
  98   LTU | 946 GGXWDG   Lithuania National currency | Billions   1998-20119.81712.3710.8411.1011.5912.0512.1613.3114.9416.7017.3826.9836.1141.3145.61(f) 48.68(f) 51.53(f) 53.91(f) 56.10(f) 57.04(f)
  99   LUX | 137 GGXWDG   Luxembourg National currency | Billions   1996-20111.1761.2151.2361.2781.3561.4241.5171.6051.7431.8372.2662.5025.3955.5277.6728.75110.13(f) 11.67(f) 13.12(f) 14.67(f) 16.26(f) 17.88(f)
  100   MKD | 962 GGXWDG   Former Yugoslav Republ National currency | Billions   1999-201166.96113.29114.12104.6397.9797.10116.66102.3987.5384.9897.86105.23126.37143.26(f) 145.57(f) 157.18(f) 168.43(f) 177.43(f) 186.90(f)
  101   MDG | 674 GGXWDG   Madagascar National currency | Billions   1990-2010103.61125.79139.73148.70250.37369.63349.94444.25487.04555.59603.67799.59865.401086.221026.231067.791170.071205.081025.951118.721130.921150.45(f) 1152.19(f) 1154.37(f) 1156.88(f) 1159.65(f) 1162.07(f) 1165.08(f)
  102   MWI | 676 GGXWDG   Malawi National currency | Billions   2002-2011277.93358.86374.48432.08136.53165.29247.65284.71284.80380.57434.80(f) 470.43(f) 486.87(f) 518.90(f) 553.70(f) 591.32(f)
  103   MYS | 548 GGXWDG   Malaysia National currency | Billions   1990-201094.7199.0797.0095.9093.0892.4890.5690.91103.77112.56125.84145.79164.99188.79216.64232.18247.93274.22317.44376.39405.09448.16(f) 487.58(f) 534.69(f) 586.63(f) 643.18(f) 705.26(f) 773.05(f)
  104   MDV | 556 GGXWDG   Maldives National currency | Billions   1997-20092.3732.6062.7833.0033.3263.8574.0884.2835.0525.9666.9808.69113.4016.43(f) 20.69(f) 25.08(f) 31.20(f) 37.76(f) 44.81(f) 52.39(f) 60.69(f)
  105   MLI | 678 GGXWDG   Mali National currency | Billions   2000-20111983.782027.151204.831202.521216.091530.46649.51743.55844.961024.251374.681531.021497.54(f) 1459.46(f) 1600.28(f) 1765.88(f) 1951.83(f) 1951.83(f)
  106   MLT | 181 GGXWDG   Malta National currency | Billions   1995-20091.1001.3011.6661.9392.1842.3382.6872.6333.0223.2123.3553.2543.3853.6333.9544.250(f) 4.535(f) 4.732(f) 4.894(f) 5.028(f) 5.131(f) 5.196(f) 5.220(f)
  107   MRT | 682 GGXWDG   Mauritania National currency | Billions   2000-2010724.48767.41735.62731.59830.17898.15628.97710.66995.961069.29963.981089.98(f) 1204.26(f) 1232.89(f) 1320.41(f) 1342.54(f) 1367.92(f) 1342.84(f)
  108   MUS | 684 GGXWDG   Mauritius National currency | Billions   2000-201055.4560.2176.2095.9293.52102.45108.89115.37120.62142.99151.09164.42(f) 179.56(f) 194.43(f) 211.47(f) 229.59(f) 246.52(f) 246.52(f)
  109   MEX | 273 GGXWDG   Mexico National currency | Billions   1996-20101417.031646.642022.312565.972705.312783.363112.393443.573550.723683.673978.404280.095249.295312.145608.946285.47(f) 6692.92(f) 7175.56(f) 7668.39(f) 8167.74(f) 8693.10(f) 9247.35(f)
  110   MDA | 921 GGXWDG   Moldova National currency | Billions   1995-20115.1506.8227.94014.5418.5715.4616.0115.1515.0713.7213.1113.9013.1712.1217.6019.0819.2220.48(f) 20.60(f) 20.73(f) 21.43(f) 22.06(f) 23.61(f)
  112   MNE | 943 GGXWDG   Montenegro National currency | Billions   2002-20101.0300.60800.75700.70000.70100.73700.98401.2131.3161.494(f) 1.631(f) 1.762(f) 1.891(f) 2.033(f) 2.187(f) 2.350(f)
  113   MAR | 686 GGXWDG   Morocco National currency | Billions   1990-2010189.73179.90208.80237.97245.71260.51265.99274.29280.36279.90289.82291.71299.09307.11311.48340.68342.82336.64332.21351.28391.93437.43(f) 476.50(f) 522.43(f) 566.35(f) 605.76(f) 638.92(f) 668.29(f)
  114   MOZ | 688 GGXWDG   Mozambique National currency | Billions   1999-201076.0286.55116.7589.2398.8690.95122.8296.6387.05101.29106.82123.56123.76(f) 171.17(f) 205.70(f) 244.66(f) 285.30(f) 327.51(f) 371.95(f)
  115   MMR | 518 GGXWDG   Myanmar National currency | Billions   1998-20101771.591968.202788.505001.506035.946844.627710.379976.4911592.2611565.8712215.2514420.9215618.6617643.16(f) 20403.04(f) 21987.50(f) 22993.33(f) 22118.42(f) 23292.13(f) 24561.72(f)
  116   NAM | 728 GGXWDG   Namibia National currency | Billions   1993-20091.7322.0162.5213.1123.2834.0594.9855.5787.0567.8209.64111.9712.5413.3612.3513.0212.2913.08(f) 20.05(f) 25.80(f) 29.58(f) 34.29(f) 38.49(f) 43.67(f) 52.04(f)
  117   NPL | 558 GGXWDG   Nepal National currency | Billions   2000-2011235.84255.67271.55298.83313.05306.06322.62311.62336.69385.36422.21458.56514.75(f) 577.61(f) 646.38(f) 724.28(f) 812.42(f) 909.13(f)
  118   NLD | 138 GGXWDG   Netherlands National currency | Billions   1995-2011232.30236.94233.41238.14235.96224.86227.00234.93248.01257.38266.06255.92258.98347.53347.30369.87400.05427.62(f) 458.31(f) 488.65(f) 514.93(f) 536.92(f) 554.15(f)
  119   NZL | 196 GGXWDG   New Zealand National currency | Billions   1985-201130.1237.2340.7739.3942.0344.1445.3147.0846.9545.2742.8038.8737.3637.8936.9436.8936.9236.6336.3235.7534.6932.2831.0237.3748.4763.0175.7878.61(f) 81.59(f) 84.24(f) 84.38(f) 86.09(f) 86.77(f)
  120   NIC | 278 GGXWDG   Nicaragua National currency | Billions   2005-2010116.34105.5587.9594.58103.77112.45117.86(f) 124.54(f) 131.08(f) 139.08(f) 145.24(f) 151.37(f) 159.35(f)
  121   NER | 692 GGXWDG   Niger National currency | Billions   1995-2011794.61778.83921.49954.09985.951053.171131.331279.181072.15900.66917.63300.52326.54335.11388.75438.95537.71731.18(f) 916.12(f) 1130.33(f) 1365.22(f) 1614.04(f) 1873.61(f)
  122   NGA | 694 GGXWDG   Nigeria National currency | Billions   2000-20103972.984318.954902.985583.226146.984215.022209.222677.912849.083816.975324.696526.87(f) 8004.36(f) 9223.80(f) 10286.66(f) 11227.47(f) 12179.17(f) 13272.93(f)
  123   NOR | 142 GGXWDG   Norway National currency | Billions   1980-2010148.91155.42152.69156.21174.99203.74262.62239.95211.31224.85212.96304.21358.97450.30445.85357.29347.22332.10319.39361.42483.76489.29597.65771.37892.93937.051285.631310.601389.451152.951251.721344.71(f) 1428.10(f) 1478.43(f) 1530.36(f) 1591.29(f) 1661.51(f) 1736.69(f)
  124   OMN | 449 GGXWDG   Oman National currency | Billions   1990-20080.91601.1581.3611.3501.5241.5141.6201.6522.0662.0151.8981.8191.3991.3801.4681.1451.2381.1141.1031.163(f) 1.198(f) 1.397(f) 1.684(f) 1.936(f) 2.234(f) 2.486(f) 4.313(f) 4.727(f)
  125   PAK | 564 GGXWDG   Pakistan National currency | Billions   1994-20111489.531662.471890.972187.972479.192894.593177.253699.483644.393702.353853.784124.634385.604758.946101.577725.099120.0310860.2112910.72(f) 14649.54(f) 16606.04(f) 18793.96(f) 21515.18(f) 24772.11(f)
  126   PAN | 283 GGXWDG   Panama National currency | Billions   1991-20116.7636.7646.7656.7666.7676.7686.7697.0877.6947.7328.4018.5218.2849.4509.6829.3979.5099.46010.5110.4211.5612.42(f) 12.97(f) 13.39(f) 13.47(f) 13.34(f) 12.90(f)
  128   PRY | 288 GGXWDG   Paraguay National currency | Billions   1990-20114041.074571.593692.903361.842802.273123.293380.433898.585589.638925.2410075.1513431.1821131.6618940.6118890.1917546.1914511.4713416.3813996.3612731.3913035.1013103.5813284.06(f) 13234.54(f) 13736.56(f) 13976.55(f) 14138.94(f) 13818.75(f)
  129   PER | 293 GGXWDG   Peru National currency | Billions   2000-201178.9878.4786.26100.54105.4898.74100.06101.9093.41108.53106.75105.24110.88(f) 114.91(f) 120.22(f) 126.45(f) 133.40(f) 139.51(f)
  130   PHL | 566 GGXWDG   Philippines National currency | Billions   1994-20111229.221324.431316.941577.791507.631738.342104.532287.812655.703094.333369.453359.463234.793076.893410.113559.073799.273939.804214.19(f) 4427.24(f) 4645.25(f) 4882.51(f) 5131.22(f) 5406.35(f)
  131   POL | 964 GGXWDG   Poland National currency | Billions   1995-2011165.20183.29221.22233.69263.39273.83292.82340.90396.73422.39463.02506.04529.37600.83684.07776.82843.37886.28(f) 930.46(f) 969.28(f) 1000.32(f) 1030.96(f) 1058.70(f)
  132   PRT | 182 GGXWDG   Portugal National currency | Billions   1990-201031.7438.6439.4840.6846.5651.8254.2654.9655.4958.6661.5768.6775.4679.9185.7996.47102.44115.59123.11139.95161.26183.33(f) 188.48(f) 196.67(f) 201.65(f) 205.49(f) 208.94(f) 212.36(f)
  133   QAT | 453 GGXWDG   Qatar National currency | Billions   1990-20112.8724.4735.5509.89711.7712.9016.6820.3725.2632.7535.4437.1533.7734.5333.0831.1028.9125.7546.97110.11156.52205.42211.50(f) 199.28(f) 198.62(f) 189.18(f) 189.20(f) 196.86(f)
  134   ROU | 968 GGXWDG   Romania National currency | Billions   2000-201023.9132.1841.7047.7552.1950.9743.5052.9270.20119.20163.02190.67(f) 207.63(f) 213.31(f) 220.51(f) 227.68(f) 235.31(f) 243.44(f)
  135   RUS | 922 GGXWDG   Russia National currency | Billions   1999-20114774.004373.084258.304360.634009.893799.833077.132435.342829.783250.804253.705278.875220.045002.46(f) 5327.01(f) 6678.71(f) 7966.86(f) 10186.09(f) 11018.41(f)
  136   RWA | 714 GGXWDG   Rwanda National currency | Billions   1995-2010388.39407.66468.35503.71564.38693.25732.00860.66998.981095.631017.77456.18551.28548.10682.37755.91868.88(f) 1081.89(f) 1188.51(f) 1181.61(f) 1179.73(f) 1264.87(f) 1371.48(f)
  138   STP | 716 GGXWDG   São Tomé and Príncipe National currency | Billions   2001-20112743.962837.642927.933149.463339.224475.872026.851616.472256.223030.243256.543873.78(f) 4102.06(f) 4410.09(f) 4475.78(f) 4526.59(f) 4576.94(f)
  139   SAU | 456 GGXWDG   Saudi Arabia National currency | Billions   1999-2010624.58616.08643.08685.08660.08610.58459.58364.60266.80235.00225.10167.00162.76(f) 144.98(f) 129.97(f) 116.57(f) 103.61(f) 91.94(f) 81.44(f)
  140   SEN | 722 GGXWDG   Senegal National currency | Billions   2000-20112456.202536.102527.082180.602015.702097.201125.961323.491487.032083.292284.872768.983163.78(f) 3449.38(f) 3806.90(f) 4144.81(f) 4498.67(f) 4863.51(f)
  141   SRB | 942 GGXWDG   Serbia National currency | Billions   2000-2010928.49872.60790.05875.57902.49947.65844.18811.24909.791035.451339.751581.79(f) 1865.20(f) 1966.96(f) 2100.23(f) 2208.61(f) 2324.86(f) 2420.67(f)
  142   SYC | 718 GGXWDG   Seychelles National currency | Billions   1990-20101.5371.7151.8092.0393.0113.2643.6754.0825.2315.3256.2487.2827.4876.7457.5357.2837.5789.97717.5712.459.62510.43(f) 11.38(f) 11.41(f) 11.44(f) 11.49(f) 11.43(f) 11.22(f)
  143   SLE | 724 GGXWDG   Sierra Leone National currency | Billions   2000-20102135.193184.334189.975218.145932.696243.625764.282740.843130.323914.364972.495742.93(f) 6438.77(f) 7052.58(f) 7708.34(f) 8405.68(f) 9134.88(f) 9954.74(f)
  144   SGP | 576 GGXWDG   Singapore National currency | Billions   1990-201151.4359.0467.2569.8275.3486.5194.83102.37115.18125.78134.37149.00156.75169.33186.60200.01206.44234.09255.47291.50321.18331.12341.29(f) 351.81(f) 362.71(f) 373.99(f) 385.66(f) 397.70(f)
  145   SVK | 936 GGXWDG   Slovak Republic National currency | Billions   1998-20119.02913.4415.6816.5515.9817.2118.7316.8416.8018.2018.6222.3327.0030.8233.84(f) 36.65(f) 39.69(f) 44.65(f) 48.14(f) 51.84(f)
  146   SVN | 961 GGXWDG   Slovenia National currency | Billions   1995-20111.7652.4412.8633.2593.7895.4846.0366.7086.9427.4257.6878.2047.9818.18012.4513.7416.8618.70(f) 20.39(f) 22.03(f) 23.65(f) 25.28(f) 26.90(f)
  147   SLB | 813 GGXWDG   Solomon Islands National currency | Billions   2003-20101.7061.6201.7631.7741.6881.5801.5441.4831.450(f) 1.423(f) 1.433(f) 1.438(f) 1.424(f) 1.414(f)
  148   ZAF | 199 GGXWDG   South Africa National currency | Billions   2000-2010399.45443.58432.71469.69507.85543.98576.30570.42618.94756.15938.501147.39(f) 1308.71(f) 1461.90(f) 1625.23(f) 1735.09(f) 1796.29(f) 1831.94(f)
  149   ESP | 184 GGXWDG   Spain National currency | Billions   1980-201115.9821.9931.7343.7659.8575.6788.8498.79100.66116.90135.02150.21170.51219.73243.42283.08319.60333.20345.97361.78374.03378.25383.44382.03389.14392.50391.06382.31436.98565.08643.14734.96839.95(f) 907.68(f) 972.48(f) 1027.16(f) 1079.30(f) 1130.91(f)
  151   KNA | 361 GGXWDG   St. Kitts and Nevis National currency | Billions   1996-20100.41200.63100.78100.93601.0971.3011.5531.7832.0962.3162.4692.4962.6172.7622.9732.963(f) 3.014(f) 3.045(f) 3.103(f) 3.158(f) 3.222(f) 3.318(f)
  152   LCA | 362 GGXWDG   St. Lucia National currency | Billions   1990-20100.26600.32700.40400.42400.45700.47100.51200.59200.69700.71800.81700.91701.1851.2151.4271.5901.6651.7061.7821.9282.1382.438(f) 2.718(f) 2.927(f) 3.142(f) 3.371(f) 3.617(f) 3.880(f)
  153   VCT | 364 GGXWDG   St. Vincent and the Gr National currency | Billions   1990-20110.37900.38700.40200.40200.44600.43200.39400.39400.43100.60300.62800.65400.71400.76700.90300.99001.0521.0281.0761.1781.2351.3401.385(f) 1.442(f) 1.479(f) 1.504(f) 1.526(f) 1.547(f)
  154   SDN | 732 GGXWDG   Sudan National currency | Billions   1992-20101.4962.3906.6729.29429.8736.3040.9345.9650.2753.5660.2466.7765.8666.5463.8273.7284.4293.45107.83126.29(f) 220.43(f) 265.13(f) 304.36(f) 345.00(f) 383.76(f) 419.64(f)
  155   SUR | 366 GGXWDG   Suriname National currency | Billions   1990-20100.00400.00500.00600.01700.06200.06500.05800.09500.14500.39400.86800.94601.2941.4161.6051.7641.7271.4071.5171.6552.1792.572(f) 2.795(f) 3.150(f) 3.292(f) 3.315(f) 3.250(f)
  156   SWZ | 734 GGXWDG   Swaziland National currency | Billions   1993-20100.80900.81500.91401.0851.0301.6331.8682.3252.7842.8003.1532.7812.7303.2523.9403.9593.2044.3835.098(f) 5.730(f) 9.102(f) 11.65(f) 14.20(f) 16.72(f) 19.37(f)
  157   SWE | 144 GGXWDG   Sweden National currency | Billions   1993-20101099.401215.701315.061356.301393.451415.401373.021220.981285.421282.971316.481339.471395.861332.861257.471243.301320.831312.601308.60(f) 1312.30(f) 1292.31(f) 1238.99(f) 1169.71(f) 1073.35(f) 948.72(f)
  158   CHE | 146 GGXWDG   Switzerland National currency | Billions   1983-200982.5987.4891.1391.8492.5694.2194.58126.56137.75159.47179.18195.78210.90219.91233.71253.61246.98258.81263.53296.23296.53325.68336.03316.80291.53286.52287.21275.90(f) 274.77(f) 278.88(f) 279.02(f) 276.55(f) 280.04(f) 283.59(f) 287.24(f)
  159   SYR | 463 GGXWDG   Syrian Arab Republic National currency | Billions   1990-2009490.08501.56615.92693.79812.51865.72967.171089.391188.851201.131431.661443.471467.101434.161413.97756.66800.19872.13914.54791.20820.90(f)
  160   TWN | 528 GGXWDG   Taiwan Province of Chi National currency | Billions   1997-20102174.762218.572322.702708.903048.543165.763512.073878.454101.034186.664301.354376.874748.695253.675612.18(f) 6022.17(f) 6350.41(f) 6491.85(f) 6409.04(f) 6321.69(f) 6229.70(f)
  161   TJK | 923 GGXWDG   Tajikistan National currency | Billions   1998-20110.99001.4502.0132.5943.0323.0612.7043.0233.2724.4235.2557.4608.96310.6312.47(f) 14.76(f) 16.82(f) 19.05(f) 21.66(f) 23.65(f)
  162   TZA | 738 GGXWDG   Tanzania National currency | Billions   2002-20106504.617161.758236.289403.1210687.697191.778006.639841.3712083.4715440.40(f) 19225.16(f) 22726.99(f) 26135.24(f) 29510.95(f) 33588.34(f) 37900.78(f)
  163   THA | 578 GGXWDG   Thailand National currency | Billions   1996-2011685.231901.362327.842607.062804.282934.432943.012930.043126.553277.503233.123183.423408.234001.944230.754448.254982.69(f) 5739.87(f) 6600.69(f) 7297.71(f) 7991.39(f) 8679.38(f)
  165   TGO | 742 GGXWDG   Togo National currency | Billions   2001-2009997.551027.07987.08951.55856.86982.171218.101177.831010.42507.91(f) 524.67(f) 574.54(f) 642.33(f) 705.78(f) 742.13(f) 779.45(f) 816.07(f)
  167   TTO | 369 GGXWDG   Trinidad and Tobago National currency | Billions   1999-201023.3927.0230.5833.0735.8936.3835.5236.5338.0141.2142.2546.9545.84(f) 57.38(f) 64.55(f) 72.89(f) 83.19(f) 94.87(f) 107.31(f)
  168   TUN | 744 GGXWDG   Tunisia National currency | Billions   1991-20118.7249.78310.7111.5612.8014.5216.0415.1617.6819.4121.4622.1723.4820.8621.9822.3322.9123.9725.1425.6227.6830.94(f) 37.54(f) 41.36(f) 45.03(f) 48.16(f) 50.96(f)
  169   TUR | 186 GGXWDG   Turkey National currency | Billions   2000-201085.93187.22259.35307.88333.25342.06352.84336.60380.39439.34465.85514.40(f) 533.31(f) 569.34(f) 609.96(f) 654.74(f) 703.64(f) 754.45(f)
  170   TKM | 925 GGXWDG   Turkmenistan National currency | Billions   1997-20101.1251.8032.1112.2721.9401.7261.5861.3300.96100.74200.65201.3901.4036.70911.26(f) 16.90(f) 21.67(f) 23.32(f) 19.05(f) 14.77(f) 10.50(f)
  172   UGA | 746 GGXWDG   Uganda National currency | Billions   1997-20104469.525117.296087.317449.418425.0510078.5012384.9912102.2112069.8613049.904932.385518.976689.788139.0211411.99(f) 14654.54(f) 15485.94(f) 17405.71(f) 19051.74(f) 21407.46(f) 23428.68(f)
  173   UKR | 926 GGXWDG   Ukraine National currency | Billions   1997-201027.9049.3879.5477.0274.6375.7378.4985.4078.1580.5588.75194.81323.14438.49479.73(f) 528.60(f) 547.72(f) 580.21(f) 637.29(f) 714.08(f) 798.29(f)
  174   ARE | 466 GGXWDG   United Arab Emirates National currency | Billions   1999-201014.6511.8010.2114.5020.1130.6243.9955.4774.15144.74223.57232.86223.38(f) 207.76(f) 207.02(f) 219.77(f) 229.68(f) 237.58(f) 241.57(f)
  175   GBR | 112 GGXWDG   United Kingdom National currency | Billions   1980-2010107.50126.22133.65142.89155.15166.48179.28189.80200.36194.47185.80187.36204.01248.24298.19339.54376.97408.90406.84405.49399.10385.24400.50439.36483.99527.71572.87617.28752.38953.021099.531243.68(f) 1375.69(f) 1491.30(f) 1588.11(f) 1661.66(f) 1707.71(f) 1733.27(f)
  176   USA | 111 GGXWDG   United States National currency | Billions   1980-20101178.731294.821504.581740.792000.692351.232640.302886.843159.263410.393706.534097.634486.294828.305071.775272.905510.365648.945678.175690.945456.865631.386078.716732.688092.138566.608912.579421.7510881.0912528.1314312.0015537.41(f) 16639.73(f) 17871.06(f) 18955.92(f) 20003.14(f) 21108.04(f) 22264.63(f)
  177   URY | 298 GGXWDG   Uruguay National currency | Billions   2001-2010141.72309.93355.51354.11329.92335.36354.00402.67431.32461.39488.84(f) 490.41(f) 522.23(f) 548.41(f) 574.01(f) 590.17(f) 602.35(f)
  178   UZB | 927 GGXWDG   Uzbekistan National currency | Billions   1998-2011416.06624.871371.432924.444067.684096.064306.204489.294430.104449.394806.255385.556155.067076.258529.10(f) 10057.35(f) 11926.56(f) 14202.25(f) 16977.01(f) 20341.19(f)
  180   VEN | 299 GGXWDG   Venezuela National currency | Billions   1994-20106.2359.15617.6216.8218.5422.6025.4130.6850.1066.1791.28102.57111.79147.70178.26238.77408.79616.54(f) 951.84(f) 1344.69(f) 1865.45(f) 2573.86(f) 3517.11(f) 4858.49(f)
  181   VNM | 582 GGXWDG   Vietnam National currency | Billions   2001-2011165641.60178158.80226589.40274270.00287717.90339056.40411397.80473428.70636101.40757958.10962585.501089578.00(f) 1209155.00(f) 1329336.00(f) 1436550.00(f) 1555557.00(f) 1681681.00(f)
  182   YEM | 474 GGXWDG   Republic of Yemen National currency | Billions   1999-20091148.52953.991008.541086.001227.721334.761405.351535.641740.981957.892541.112788.20(f) 3061.47(f) 3506.55(f) 4093.66(f) 4736.21(f) 5447.34(f) 6218.74(f) 6986.90(f)
  183   ZMB | 754 GGXWDG   Zambia National currency | Billions   2001-201131083.8633249.6436997.2038623.3528163.6111490.4012339.4312878.5317372.0320004.0424338.8728038.70(f) 29684.26(f) 30980.21(f) 32307.97(f) 33582.70(f) 34746.06(f)
  184   ZWE | 698 GGXWDG   Zimbabwe National currency | Billions   2005-20102.9913.2113.4774.0965.6064.2056.557(f) 6.982(f) 7.468(f) 7.917(f) 8.221(f) 7.642(f) 7.994(f)
    NOTES
    2Albania : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: IMF Staff Latest actual data: 2010 Notes: Authorities are still following GFS 86 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds;State Government Primary domestic currency: Albanian leks Data last updated: 03/2012
    3Algeria : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Central Bank Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Nonfinancial Public Corporation;Social Security Funds;State Government Primary domestic currency: Algerian dinars Data last updated: 03/2012
    4Angola : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2009 General government includes: Central Government;Social Security Funds Primary domestic currency: Angolan kwanzas Data last updated: 03/2012
    5Antigua and Barbuda : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: Eastern Caribbean dollars Data last updated: 03/2012
    6Argentina : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Economy. http://www.mecon.gov.ar/onp/html/ejectexto/cuenta_nac_dosuno.html?var1=cuentanacdosnueve Latest actual data: 2010 Notes: Government gross debt refers to the central government including untendered debt. Fiscal assumptions: The 2012 forecasts are based on the 2011 outturn and IMF staff assumptions. For the outer years, the IMF staff assumes unchanged policies. Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash. Central (National) government net lending/borrowing includes interest payments on accrual basis. General government includes: Central Government;Local Government;Social Security Funds;State Government; Valuation of public debt: Nominal value Primary domestic currency: Argentine pesos Data last updated: 04/2012
    7Armenia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Notes: Since the general government accounts for Armenia are not available, all general government series are equal to the central government series. Start/end months of reporting year: January/December GFS Manual used: 2001 General government includes: Central Government Primary domestic currency: Armenian drams Data last updated: 03/2012
    8Australia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Fiscal assumptions: Fiscal projections are based IMF staff projections and the 2011?12 budget. 2011?12 mid-year economic and fiscal outlook and the Australian Bureau of Statistics Start/end months of reporting year: July/June Basis of recording: Cash General government includes: Central Government;Local Government;State Government; Valuation of public debt: Nominal value Primary domestic currency: Australian dollars Data last updated: 03/2012
    9Austria : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: National Statistical Office Latest actual data: 2011 Fiscal assumptions: Projections take the federal financial framework 2013-16 as well as associated further implementation needs and risks into account. Start/end months of reporting year: January/December General government includes: Central Government;Local Government;Social Security Funds;State Government; Valuation of public debt: Nominal value Primary domestic currency: Euros Data last updated: 03/2012
    10Azerbaijan : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Notes: Since the general government accounts for Azerbaijan are not available, all general government series are equal to the central government series. Start/end months of reporting year: January/December GFS Manual used: in transition to 2001 GFS Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Face value Primary domestic currency: Azerbaijan manat Data last updated: 03/2012
    11The Bahamas : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010. FY2010/11 (2nd Quarter) Notes: All fiscal and debt series data in WEO are on fiscal year basis. Fiscal assumptions: Broadly elasticity of 1 with nominal growth, except for recent measures adopted by authorities. Start/end months of reporting year: July/June GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: Bahamian dollars Data last updated: 04/2012
    12Bahrain : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Notes: The projections use the 1986 Manual --- all the series are on cash basis only. Fiscal assumptions: The projections are based on the current WEO assumptions (for Bahrain), as well as the country's debt profile and budget. Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government;Monetary Public Corporations, incl. central bank;State Government; Valuation of public debt: Face value Primary domestic currency: Bahrain dinars Data last updated: 03/2012
    14Barbados : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: April/March GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government;Nonfinancial Public Corporation;Social Security Funds; Valuation of public debt: Current market value Primary domestic currency: Barbados dollars Data last updated: 03/2012
    15Belarus : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Fiscal assumptions: Projections based on 2012 budget and discussions with the authorities. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Local Government;Social Security Funds;State Government; Valuation of public debt: Nominal value Primary domestic currency: Belarusian rubels Data last updated: 03/2012
    16Belgium : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Central Bank Latest actual data: 2011 Fiscal assumptions: IMF staff projections for 2012 and beyond are based on unchanged policies. Start/end months of reporting year: January/December GFS Manual used: 2001. ESA95 data definitions Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds;State Government;Other; Valuation of public debt: Nominal value Primary domestic currency: Euros Data last updated: 03/2012
    17Belize : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010. December 2011 (monthly) Fiscal assumptions: Based on WEO assumptions, authorities' input, some modeling, and team appraisal. Start/end months of reporting year: April/March GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Monetary Public Corporations, incl. central bank;Nonmonetary Financial Public Corporations; Valuation of public debt: Nominal value Primary domestic currency: Belize dollars Data last updated: 03/2012
    18Benin : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 2001 General government includes: Central Government;Other Primary domestic currency: CFA francs Data last updated: 03/2012
    19Bhutan : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2008/09 Start/end months of reporting year: July/June Primary domestic currency: Bhutanese ngultrum Data last updated: 02/2012
    20Bolivia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2009 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Local Government;Monetary Public Corporations, incl. central bank;Nonfinancial Public Corporation;Nonmonetary Financial Public Corporations;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Thousands of Bolivianos Data last updated: 04/2012
    21Bosnia and Herzegovina : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance. Additional data received from the Indirect Tax Authority Latest actual data: 2010 Fiscal assumptions: Budget, macro framework, structural reforms set by program, and WEO. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds;State Government;Other; Valuation of public debt: Face value Primary domestic currency: Convertible marka Data last updated: 03/2012
    22Botswana : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2009 Start/end months of reporting year: April/March GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: Botswana pula Data last updated: 04/2012
    23Brazil : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Notes: General Government data refers to the non-financial public sector, which includes the federal, state and local governments as well as public enterprises. Revenue and expenditures of federal public enterprises are added in full to the respective aggregates Fiscal assumptions: For 2012, the projection is based on the budget and subsequent updates to plans announced by the authorities. In this and outer years, the IMF staff assumes adherence to the announced primary target and further invest in public investment in line with the authorities? intentions. Start/end months of reporting year: January/December GFS Manual used: 2001. No separate info in capital revenue is available, hence the GFSM 2001 adjustments could not be made to total revenue may still include capital revenue and net acquisition of nonfinancial assets may not be net of capital revenue. General government includes: Central Government;Local Government;Monetary Public Corporations, incl. central bank;Nonfinancial Public Corporation;Social Security Funds;State Government Primary domestic currency: Brazilian reais Data last updated: 03/2012
    25Bulgaria : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 GFS Manual used: 2001 General government includes: Central Government;Local Government;Social Security Funds;State Government Primary domestic currency: Bulgarian leva Data last updated: 03/2012
    26Burkina Faso : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Discussion with the authorities, past trends and impact of on going structural reforms Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Commitment basis , with cash adjustment General government includes: Central Government; Valuation of public debt: Face value Primary domestic currency: CFA francs Data last updated: 03/2012
    27Burundi : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2009 Primary domestic currency: Burundi francs Data last updated: 03/2012
    28Cambodia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Fiscal assumptions: Historical fiscal and monetary data are from the Cambodia authorities. Projections are based on staff's assumptions given discussions with the authorities. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Local Government; Valuation of public debt: Face value Primary domestic currency: Cambodian riels Data last updated: 03/2012
    29Cameroon : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Actual fiscal data and WEO projections Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Nonfinancial Public Corporation; Valuation of public debt: Current market value Primary domestic currency: CFA francs Data last updated: 03/2012
    30Canada : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Haver Analytics. The source for gross and net debt is OECD. Latest actual data: 2011 Notes: Fiscal data are on a calendar year basis. Fiscal assumptions: Projections use the baseline forecasts in the Economic Action Plan 2012, Jobs Growth and Long-Term Prosperity, March 29, 2012. The IMF staff makes some adjustments to this forecast for differences in macroeconomic projections. The IMF staff forecast also incorporates the most recent data releases from Finance Canada (The January 2012 Fiscal Monitor, March 29, 2012) and Statistics Canada, including federal, provincial, and territorial budgetary outturns through the end of 2011:Q4. Start/end months of reporting year: January/December GFS Manual used: 2001. Comment: Preliminary data: based on quarterly data. Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Nonfinancial Public Corporation;Social Security Funds;State Government; Valuation of public debt: Nominal value Primary domestic currency: Canadian dollars Data last updated: 04/2012
    31Cape Verde : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Start/end months of reporting year: January/December GFS Manual used: 2001 General government includes: Central Government;Social Security Funds Primary domestic currency: Cape Verde escudos Data last updated: 03/2012
    32Central African Republic : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government Primary domestic currency: CFA francs Data last updated: 03/2012
    33Chad : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government;Nonfinancial Public Corporation; Valuation of public debt: Face value Primary domestic currency: CFA francs Data last updated: 03/2012
    34Chile : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Notes: GGCB and GGSB are approximated by the Central Government Cyclical-Adjusted Balance and Structural Balance, respectively as more than 90% of the expenditures and revenues are from the Central Government. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual). Some elements including tax revenues are recorded on a cash basis General government includes: Central Government;Local Government; Valuation of public debt: Nominal value Primary domestic currency: Chilean pesos Data last updated: 04/2012
    35China : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: CEIC Latest actual data: 2011 Fiscal assumptions: For 2011, the government is assumed to complete the stimulus program it announced in late 2008. Stimulus is withdrawn in 2011, resulting in a negative fiscal impulse of about 3/4 percent of GDP. For 2012, the government is assumed to slow the pace of fiscal consolidation; the fiscal impulse is assumed to be neutral. Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government;Local Government;State Government; Valuation of public debt: Face value Primary domestic currency: Chinese yuan Data last updated: 03/2012
    36Colombia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2009 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Revenue (cash); Expenditure (accrual) General government includes: Central Government;Local Government;Social Security Funds;Other; Valuation of public debt: Nominal value Primary domestic currency: Colombian pesos Data last updated: 03/2012
    37Comoros : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash for expenditures, accrual for revenues General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: Comorian francs Data last updated: 03/2012
    38Democratic Republic of Congo : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government Primary domestic currency: Congo francs Data last updated: 03/2012
    39Republic of Congo : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual). Also balance, cash basis General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: CFA francs Data last updated: 03/2012
    40Costa Rica : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance and Central Bank. Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 1986. Desk is working on the transition to GFS2001. Basis of recording: Cash General government includes: Central Government;Nonfinancial Public Corporation;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Costa Rican colones Data last updated: 03/2012
    41Côte d'Ivoire : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Start/end months of reporting year: January/December. FY2011 covers April/December due to post-election crisis in 2011Q1 GFS Manual used: 1986 Basis of recording: Noncash (accrual) General government includes: Central Government Primary domestic currency: CFA francs Data last updated: 03/2012
    42Croatia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Projections based on macro framework and authorities' medium-term fiscal guidelines. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Local Government;Other; Valuation of public debt: Nominal value Primary domestic currency: Croatian kunas Data last updated: 03/2012
    43Cyprus : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: The source is Eurostat for fiscal data. Latest actual data: 2010 Fiscal assumptions: Projections are based on the latest budget information, adjusted for staff's macroeconomic and other assumptions. Start/end months of reporting year: January/December GFS Manual used: Methodology is ESA 95 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Euros Data last updated: 03/2012
    44Czech Republic : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: The forecast is based on unchanged policies (expenditures, except for the interst payments for the next three years are those provided by the authorities; revenues are projected by staff). There are currently no credible policy plans to reach the 2013 Convergence Program target of 3 percent of GDP. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Czech koruny Data last updated: 03/2012
    45Denmark : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: IFS - International Finance Statistics Latest actual data: 2010 Fiscal assumptions: Projections for 2012?13 are aligned with the latest official budget estimates and the underlying economic projections, adjusted where appropriate for the IMF staff?s macroeconomic assumptions. For 2014?17, the projections incorporate key features of the medium-term fiscal plan as embodied in the authorities? 2011 Convergence Program submitted to the European Union. Monetary policy is to maintain the peg to the Euro. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Local Government;Social Security Funds;State Government; Valuation of public debt: Nominal value Primary domestic currency: Danish kroner Data last updated: 04/2012
    46Djibouti : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Notes: GGE serie was changed as of July 2011 = current expenditure (before = total expenditure) Start/end months of reporting year: January/December General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: Djibouti francs Data last updated: 04/2012
    47Dominica : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010. Latest data is for fiscal year 2010/2011 Fiscal assumptions: Fiscal projections assume adjustment measures to achieve the fiscal targets under the authorities' January 2012 RCF request. Start/end months of reporting year: July/June GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government;. Debt corresponds to nonfinancial public sector (central government and SOEs) Valuation of public debt: Nominal value Primary domestic currency: Eastern Caribbean dollars Data last updated: 03/2012
    48Dominican Republic : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds;State Government; Valuation of public debt: Face value Primary domestic currency: Dominican pesos Data last updated: 03/2012
    49Ecuador : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Latest actual data: 2010 Fiscal assumptions: All the fiscal series are based on 1986 methodology GFS Manual used: 1986 General government includes: Central Government;Local Government;Nonfinancial Public Corporation;Social Security Funds;State Government Primary domestic currency: U.S. dollars Data last updated: 04/2012
    50Egypt : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010/11. Fiscal year 2010/2011 (June 2011) Fiscal assumptions: The fiscal projections are mainly based on budget sector operations (with trends of main variables discussed with the Ministry of Finance during the 2010 Article IV consultation). Start/end months of reporting year: July/June GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Local Government;Social Security Funds;State Government;Other; Valuation of public debt: Nominal value Primary domestic currency: Egyptian pounds Data last updated: 03/2012
    51El Salvador : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government;Local Government;Social Security Funds;State Government; Valuation of public debt: Current market value Primary domestic currency: U.S. dollars Data last updated: 03/2012
    52Equatorial Guinea : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: CFA francs Data last updated: 03/2012
    53Eritrea : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2008 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government Primary domestic currency: Eritrean nakfa Data last updated: 03/2012
    54Estonia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Fiscal assumptions: The forecast, which is cash-, not accrual-, based, incorporates the authorities? 2012 budget, adjusted for newly available information and for the staff?s macroeconomic scenario. Start/end months of reporting year: January/December GFS Manual used: No manual used Basis of recording: Cash General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Euro Data last updated: 03/2012
    55Ethiopia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011. Data for 2010/11 is available Start/end months of reporting year: July/June GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: Ethiopian birr Data last updated: 03/2012
    56Fiji : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Latest actual data: 2007 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government Primary domestic currency: Fiji dollars Data last updated: 01/2012
    57Finland : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance. Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Based on announced policies by the authorities, adjusted for the Staff macroeconomic scenario. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Euros Data last updated: 03/2012
    58France : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: National Statistical Office Latest actual data: 2010 Fiscal assumptions: Estimates for the general government in 2010 reflect the actual outturn. Projections for 2011 are based on preliminary outturn for central government only. Projections for 2012 and beyond reflect the authorities? 2011?14 multi-year budget, adjusted for two fiscal packages and differences in assumptions on macro and financial variables, and revenue projections. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Euros Data last updated: 03/2012
    59Gabon : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). General government includes: Central Government Primary domestic currency: CFA francs Data last updated: 03/2012
    60The Gambia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Fiscal assumptions: Projections are based on known projects and commitments, macroeconomic projections, and anticipated policy changes. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: Gambian dalasis Data last updated: 03/2012
    61Georgia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash Primary domestic currency: Georgian lari Data last updated: 03/2012
    62Germany : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: National Statistical Office. Data of general government gross debt comes from EUROSTAT Latest actual data: 2011 Fiscal assumptions: The estimates for 2011 are preliminary estimates from the Federal Statistical Office of Germany. The IMF staff?s projections for 2012 and beyond reflect the authorities? adopted core federal government budget plan adjusted for the differences in the IMF staff?s macroeconomic framework and staff assumptions about fiscal developments in state and local governments, the social insurance system, and special funds. The projections also incorporate authorities? plans for tax reduction in 2013-2014. The estimate of gross debt includes portfolios of impaired assets and non-core business transferred to institutions that are winding up as well as other financial sector and EU support operations. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds;State Government;Other;. other refers to special funds Valuation of public debt: Face value Primary domestic currency: Euros Data last updated: 04/2012
    63Ghana : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2009 Start/end months of reporting year: January/December GFS Manual used: 2001 General government includes: Central Government; Valuation of public debt: Face value Primary domestic currency: Ghanaian cedis Data last updated: 03/2012
    64Greece : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Macroeconomic, monetary and fiscal projections for 2012 and the medium term are consistent with the policies agreed to between the IMF staff and the authorities in the context of the Extended Fund Facility (EFF). The data include fiscal data revisions for 2006?09. These revisions rectify a number of shortfalls with earlier statistics. First, government-controlled enterprises whose sales cover less than 50 percent of production costs have been reclassified into the general government sector, in line with Eurostat guidelines. A total of 17 such enterprises or entities were identified and included, including a number of large loss-making entities. The inclusion implies that the debt of these entities (7¼ percent of GDP) is now included in headline general government debt data and that their annual losses increase the annual deficit (to the extent their called guarantees were not already reflected). Second, the revisions reflect better information on arrears (including tax refund arrears, arrears on lump sum payments to retiring civil servant pensioners, and arrears to health sector suppliers), as well as corrections of social security balances on account of corrected imputed interest payments, double counting of revenues, and other inaccuracies. Finally, new information on swaps also became available and further helps explain the upward revision in debt data. Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value. Net debt data, including historical data, are provisional. Primary domestic currency: Euros Data last updated: 03/2012
    65Grenada : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011. Preliminary. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;. Debt corresponds to public sector (central government + public enterprises) Valuation of public debt: Nominal value Primary domestic currency: Eastern Caribbean dollars Data last updated: 03/2012
    66Guatemala : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Start/end months of reporting year: January/December General government includes: Central Government Primary domestic currency: Guatemalan quetzales Data last updated: 03/2012
    67Guinea : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: Guinean francs Data last updated: 03/2012
    68Guinea-Bissau : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: CFA francs Data last updated: 04/2012
    69Guyana : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Consistent with other sectors. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Guyana dollars Data last updated: 02/2012
    70Haiti : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Latest actual data: 2009 Notes: General Government only includes Central Government Start/end months of reporting year: October/September GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: Haitian gourdes Data last updated: 03/2012
    71Honduras : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010. preliminary Start/end months of reporting year: January/December GFS Manual used: 1986. Desk is working on the transition to GFS2001. Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Nonfinancial Public Corporation;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Honduran lempiras Data last updated: 03/2012
    72Hong Kong SAR : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: CEIC Latest actual data: 2010. Fiscal Year 2010/11 is latest complete year Fiscal assumptions: Projections are based on the authorities? medium-term fiscal projections. Start/end months of reporting year: April/March GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Face value Primary domestic currency: Hong Kong dollars Data last updated: 03/2012
    73Hungary : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010. Preliminary Fiscal assumptions: Fiscal projections include IMF staff projections of the macro framework and of the impact of existing legislated measures, as well as fiscal policy plans as announced by end of the first week of September 2011. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Nonfinancial Public Corporation;Social Security Funds; Valuation of public debt: Face value Primary domestic currency: Hungarian forint Data last updated: 03/2012
    74Iceland : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: National Statistical Office Latest actual data: 2011 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) Valuation of public debt: Face value Primary domestic currency: Icelandic krónur Data last updated: 03/2012
    75India : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance. and IMF staff calculations Latest actual data: 2010. State Level data arrive with significantly longer lag than Central data. Fiscal assumptions: Historical data are based on budgetary execution data. Projections are based on available information on the authorities? fiscal plans, with adjustments for IMF staff assumptions. Subnational data are incorporated with a lag of up to two years; general government data are thus finalized well after central government data. IMF and Indian presentations differ, particularly regarding divestment and license auction proceeds, net versus gross recording of revenues in certain minor categories, and some public sector lending Start/end months of reporting year: January/December. The original data from the authority is on FY (Apr/Mar) basis. IMF staff converted to CY (Jan/Dec) basis. GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;State Government; Valuation of public debt: Nominal value. Authorities debt figures often Primary domestic currency: Indian rupees Data last updated: 03/2012
    76Indonesia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Notes: Additional WEO data variables submission are done based on GFSM 2001 (on a cash basis), however, the process of conversion to GFS 2001 remains ongoing. Fiscal assumptions: The 2011 central government deficit was lower than expected (1.1 percent of GDP), reflecting under spending, particularly on public investment. The central government 2012 deficit is estimated at 1.0 percent of GDP, lower than the budget estimate of 1.5 GDP. This reflects current plans of raising domestic fuel prices by 33%. However as the system of fuel subsidies remain unchanged, increasing oil prices will have a negative budgetary impact in the absence of a comprehensive fuel subsidy reform. Low projected budget deficit also reflects ongoing budget execution problems. Fiscal projections for 2013 ? 2017 are built around key policy reforms needed to support economic growth, namely enhancing budget implementation to ensure fiscal policy effectiveness, reducing energy subsidies through gradual administrative price increases, and continuous revenue mobilization efforts to increase space for infrastructure development. Start/end months of reporting year: January/December. From 2000 onward GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Local Government; Valuation of public debt: Face value. Book value Primary domestic currency: Indonesian rupiah Data last updated: 03/2012
    77Islamic Republic of Iran : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: March/February GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;. General Government data set equal to Central Government since General Government data are not reported. Primary domestic currency: Iranian rials Data last updated: 03/2012
    78Iraq : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Current market value Primary domestic currency: Iraqi Dinar (ID) Data last updated: 03/2012
    79Ireland : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: National Statistical Office Latest actual data: 2011 Fiscal assumptions: Fiscal projections are based on the 2012 budget and the ?12.4 billion in consolidation effort over 2012-15 committed in the Medium-Term Fiscal Statement (published November 2011). The fiscal projections are adjusted for differences between the macroeconomic projections of the IMF staff and those of the Irish authorities. Start/end months of reporting year: January/December GFS Manual used: 2001. Data are provided with ESA 95 and mapped to GFS Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds;Other; Valuation of public debt: Nominal value Primary domestic currency: Euros Data last updated: 04/2012
    80Israel : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Historical data are based on Government Finance Statistics (GFS) submitted by the Ministry of Finance. The historical data, together with the announced fiscal consolidation plan by the authorities, form the basis for staff medium-term fiscal projections. Monetary policy stance is assumed to be unchanged. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Quasi-accrual basis. General government includes: Central Government;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Israeli new sheqalim Data last updated: 03/2012
    81Italy : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: National Statistical Office Latest actual data: 2011 Fiscal assumptions: Fiscal projections incorporate the impact of the government?s announced fiscal adjustment package (July 2010 measures covering 2011?13; July-August 2011 measures covering 2011?14: and December 2011 measures covering 2012-14). The estimates for the 2011 outturn are preliminary. The IMF staff projections are based on the authorities? estimates of the policy scenario (as derived, in part, by the IMF staff), including the above-mentioned medium-term fiscal consolidation packages, and adjusted mainly for differences in macroeconomic assumptions and for less optimistic assumptions concerning the impact of revenue administration measures. After 2014, a constant cyclically adjusted primary balance net of one-time items is assumed. GFS Manual used: 2001 General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Euros Data last updated: 03/2012
    82Jamaica : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Notes: All fiscal and debt series data in WEO are on fiscal year basis. Start/end months of reporting year: April/March GFS Manual used: 2001. Public Bodies are still reporting in 1986 format. Basis of recording: Cash General government includes: Central Government;Nonfinancial Public Corporation;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Jamaica dollars Data last updated: 04/2012
    83Japan : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Cabinet Office of Japan Latest actual data: 2010 Fiscal assumptions: The projections include fiscal measures already announced by the government (except for consumption tax increases) and gross earthquake reconstruction spending. The medium-term projections assume that expenditure and revenue of the general government are adjusted in line with current underlying demographic and economic trends (excluding fiscal stimulus and reconstruction spending). Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value. Gross public debt includes equity shares. Primary domestic currency: Japanese yen Data last updated: 03/2012
    84Jordan : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: January/December Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Face value Primary domestic currency: Jordanian dinars Data last updated: 03/2012
    85Kazakhstan : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: IMF Staff Latest actual data: 2011 Fiscal assumptions: Budget Law and staff projections Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government; Valuation of public debt: Nominal value Primary domestic currency: Kazakhstani tenge Data last updated: 03/2012
    86Kenya : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010. (Average of 1999/2000 and 2000/2001) = 2000; Fiscal year runs from July to June Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government; Valuation of public debt: Current market value Primary domestic currency: Kenya shillings Data last updated: 03/2012
    88Korea : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: The fiscal projections assume that fiscal policies will be implemented in 2012 as announced by the government. Projections of expenditure for 2012 are in line with the budget. Revenue projections reflect the IMF staff?s macroeconomic assumptions, adjusted for discretionary revenue-raising measures included in the 2009-11 tax revision plans. The medium-term projections assume that the government will continue with its consolidation plans and balance the budget (excluding social security funds) by 2013, consistent with the government?s medium term goal. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;. For government gross/net debt only, general government includes central government and local government, starting from 2001. Valuation of public debt: Nominal value Primary domestic currency: Korean won Data last updated: 04/2012
    90Kuwait : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2009. FY 2009/10 Fiscal assumptions: Staff projections Start/end months of reporting year: January/December. Source data comes in fiscal year (March/April) basis. Calendar year data calculated by IMF staff using a weighted average of the fiscal data. GFS Manual used: 1986 Basis of recording: Cash. Some transactions recorded on accrual basis. General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: Kuwaiti dinars Data last updated: 03/2012
    91Kyrgyz Republic : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Start/end months of reporting year: January/December GFS Manual used: Not reported according to GFS Basis of recording: Cash General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Kyrgyz som Data last updated: 03/2012
    92Lao People's Democratic Republic : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2009 Start/end months of reporting year: October/September GFS Manual used: 2001 General government includes: Central Government Primary domestic currency: Lao kip Data last updated: 01/2012
    93Latvia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Fiscal assumptions: The fiscal forecast assumes continuation of the EC/IMF-supported program, including the implementation of further sizeable measures. Bank restructuring costs are included. Start/end months of reporting year: January/December GFS Manual used: NAS Basis of recording: Cash General government includes: Central Government;Local Government;Nonfinancial Public Corporation;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Latvian lats Data last updated: 03/2012
    94Lebanon : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Fiscal assumptions: Revenue projections are made based on the macroeconomic assumptions and revenue buoyancy of various taxes (as measures by elasticity measures and staff's understanding of the authorities' tax policy measures). On the spending side, projections reflect the authorities' projections, with a few deviations to take into account key macroeconomic assumptions (e.g., WEO oil price for subsidies to the electricity company). Monetary projections are based on key assumptions on deposits growth, dollarization and credit to private sector. Start/end months of reporting year: January/December GFS Manual used: 1986. Transition to GFSM 2001 is currently underway. Basis of recording: Cash. Modified cash basis (only corrects for arrears) General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: Lebanese pounds Data last updated: 03/2012
    95Lesotho : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2008 Start/end months of reporting year: April/March GFS Manual used: 2001 General government includes: Central Government;Local Government; Valuation of public debt: Current market value Primary domestic currency: Loti Data last updated: 04/2012
    96Liberia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Notes: Debt relief was granted in 2009, which explained the high number for that year in general government net lending/borrowing. Start/end months of reporting year: July/June GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government; Valuation of public debt: Face value Primary domestic currency: U.S. dollars Data last updated: 03/2012
    97Libya : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government;Local Government;State Government; Valuation of public debt: Face value Primary domestic currency: Libyan dinars Data last updated: 03/2012
    98Lithuania : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Fiscal assumptions: Fiscal projections for 2012 are based on the authorities? 2012 budget after adjusting for differences in macroeconomic assumptions. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds;State Government; Valuation of public debt: Nominal value Primary domestic currency: Lithuanian litai Data last updated: 03/2012
    99Luxembourg : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Fiscal assumptions: Projections for 2011 are based on the 2011 budget. Staff?s projection for the outlook currently assumes that the authorities will meet their fiscal targets. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Euros Data last updated: 03/2012
    100Former Yugoslav Republic of Macedonia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Fiscal assumptions: Budget forecast and medium term projections. Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government;Social Security Funds;State Government; Valuation of public debt: Nominal value Primary domestic currency: Macedonia denars Data last updated: 03/2012
    101Madagascar : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 General government includes: Central Government Primary domestic currency: Malagasy ariary Data last updated: 03/2012
    102Malawi : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government Primary domestic currency: Malawi kwacha Data last updated: 02/2012
    103Malaysia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: For fiscal year 2011, projections are based on preliminary numbers. For fiscal year 2012, projections are based on budget numbers. For the remainder of the projection period, the IMF staff assumes unchanged policies. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;State Government; Valuation of public debt: Nominal value Primary domestic currency: Malaysian ringgit Data last updated: 03/2012
    104Maldives : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance and Treasury Latest actual data: 2009 Start/end months of reporting year: January/December. Calendar GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Nominal value. During the mission in Oct/Nov 2010, we found that the public guaranteed SOE debt for 2009 was only 20 percent of the figure previously reported. As a result, public debt to GDP ratio has declined significantly for 2009. Primary domestic currency: Maldivian rufiyaa Data last updated: 03/2012
    105Mali : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Fiscal assumptions: Aprroved budget and agreed program budget for current year; authorities'medium-term fiscal framework plus staff estimates for outer years. Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Expenditure is reported on accrual basis, revenue on a cash basis (except for corporate income tax, which has a separate reporting regime) General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: CFA francs Data last updated: 03/2012
    106Malta : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Eurostat Latest actual data: 2009 Fiscal assumptions: Projections are based on the latest Stability Programme Update by the authorities and budget documents, adjusted for staff's macroeconomic and other assumptions. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Social Security Funds;State Government; Valuation of public debt: Nominal value Primary domestic currency: Euro Data last updated: 03/2012
    107Mauritania : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Start/end months of reporting year: January/December General government includes: Central Government;Nonfinancial Public Corporation Primary domestic currency: Mauritanian ouguiyas Data last updated: 03/2012
    108Mauritius : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: Starting in 2000 we are reporting on calendar year and prior to that the fiscal year ends in June. GFS Manual used: 2001. Not all details available, we are processing and should update in the next round. Basis of recording: Cash. Few non-cash calculations. General government includes: Central Government;Local Government;Nonfinancial Public Corporation;State Government; Valuation of public debt: Face value Primary domestic currency: Mauritian rupees Data last updated: 03/2012
    109Mexico : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Fiscal projections are based on (1) the IMF staff?s macroeconomic projections; (2) the modified balanced budget rule  under the Fiscal Responsiblitiy Legislation, including the use of the exceptional clause; and (3) the authorities? projections for spending, including for pensions and health care, and for wage restraint. For 2013 onward, projections assume compliance with balanced budget rule. Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government;Nonfinancial Public Corporation;Social Security Funds; Valuation of public debt: Face value Primary domestic currency: Mexican pesos Data last updated: 03/2012
    110Moldova : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Fiscal assumptions: Various bases and growth rates for GDP, consumption , import, wages, energy prices, demographic changes. Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash Valuation of public debt: Nominal value Primary domestic currency: Moldovan lei Data last updated: 03/2012
    112Montenegro : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Medium-Term framework and fiscal policy Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: euro Data last updated: 03/2012
    113Morocco : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Economy Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Face value Primary domestic currency: Moroccan dirhams Data last updated: 03/2012
    114Mozambique : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Fiscal projections assume a moderate increase in revenue/GDP, commensurate increase in domestic primary spending, and accounts for a lower aid flow, with grants contribution declining. These projections have been discussed during the 2009 review missions. Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Mix accrual and cash basis General government includes: Central Government;State Government; Valuation of public debt: Nominal value. Authorities report on stock of debt on a nominal basis. Data for the DSA are calculated discounting maturities over the relevant period Primary domestic currency: Mozambican meticais Data last updated: 03/2012
    115Myanmar : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Fiscal projections are made based on budget numbers, discussions with the authorities, and staff adjustments. Start/end months of reporting year: April/March GFS Manual used: 2001 Basis of recording: Partly cash, partly accrual General government includes: Central Government;Other; Valuation of public debt: Face value Primary domestic currency: Myanmar kyats Data last updated: 02/2012
    116Namibia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2009 Start/end months of reporting year: April/March GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Other; Valuation of public debt: Nominal value Primary domestic currency: Namibia dollars Data last updated: 03/2012
    117Nepal : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010/11 Start/end months of reporting year: August/July GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: Nepalese rupees Data last updated: 03/2012
    118Netherlands : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Fiscal assumptions: Fiscal projections for the period 2011?15 are based on the authorities? Bureau for Economic Policy Analysis budget projections, after adjusting for differences in macroeconomic assumptions. For 2016-17, the projections assume fiscal consolidation continues at about the same pace as for 2015. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Euros Data last updated: 03/2012
    119New Zealand : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Fiscal assumptions: New Zealand: Fiscal Projections are based on the authorities 2011 Budget and IMF staff estimates. The New Zealand fiscal accounts switched to New Zealand International Financial Reporting Standards in Budget 2007/08. Backdated data has been released back to 1997. Start/end months of reporting year: July/June GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Social Security Funds; Valuation of public debt: Current market value Primary domestic currency: New Zealand dollars Data last updated: 04/2012
    120Nicaragua : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010. 2011M6 is available Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Monetary Public Corporations, incl. central bank;Nonfinancial Public Corporation;Social Security Funds;State Government;. Data coverage is the nonfinancial public sector Valuation of public debt: Nominal value Primary domestic currency: Nicaraguan córdobas Data last updated: 03/2012
    121Niger : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Latest actual data: 2011 Start/end months of reporting year: January/December GFS Manual used: 2001 General government includes: Central Government Primary domestic currency: CFA francs. Data last updated: 03/2012
    122Nigeria : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Historical data series, annual budget and MTEF at the Federal Government level, and additional data from the authorities Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Local Government;Nonfinancial Public Corporation;State Government; Valuation of public debt: Current market value Primary domestic currency: Nigerian naira Data last updated: 03/2012
    123Norway : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: National Statistical Office and Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Fiscal projections are based on the authorities? 2012 budget announced in October 2011. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds;State Government; Valuation of public debt: Current market value Primary domestic currency: Norwegian kroner Data last updated: 03/2012
    124Oman : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2008 Fiscal assumptions: Staff estimates Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: Rials Omani Data last updated: 03/2012
    125Pakistan : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Start/end months of reporting year: July/June GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government;Local Government;State Government; Valuation of public debt: Nominal value Primary domestic currency: Pakistan rupees Data last updated: 03/2012
    126Panama : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Economy Latest actual data: 2011. 2011. The NFPS excludes the Panama Canal Authority and three other public enterprises. Fiscal assumptions: Budget Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government;Local Government;Nonfinancial Public Corporation;Social Security Funds;State Government; Valuation of public debt: Nominal value Primary domestic currency: U.S. dollars Data last updated: 03/2012
    128Paraguay : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Fiscal assumptions: General Government accounts on a cash basis Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Local Government; Valuation of public debt: Face value Primary domestic currency: Paraguayan guaraníes Data last updated: 03/2012
    129Peru : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Local Government;Social Security Funds;State Government; Valuation of public debt: Face value Primary domestic currency: Peruvian nuevos soles Data last updated: 03/2012
    130Philippines : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Department of Finance, Department of Budget and Management Latest actual data: 2011. 2011 data are projections for local governments and social security institutions. Fiscal assumptions: Fiscal projections assume that the authorities? fiscal deficit target will be achieved in 2012 and beyond. Revenue projections reflect the IMF staff?s macroeconomic assumptions and incorporate anticipated improvements in tax administration. Expenditure projections are based on budgeted figures, institutional arrangements, and fiscal space in each year. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Philippine pesos Data last updated: 03/2012
    131Poland : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Eurostat Latest actual data: 2011. Preliminary Fiscal assumptions: Data is on a ESA-95 (accrual) basis. Projections are based on the 2011 budget and other fiscal consolidation measures announced as of March 2011, as well as on the planned diversion of contributions from the pillar II to the pillar I pension system. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: 0 Valuation of public debt: Nominal value Primary domestic currency: Polish zlotys Data last updated: 03/2012
    132Portugal : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Eurostat since 1995 Latest actual data: 2010 Fiscal assumptions: Projections reflect the authorities? commitments under the EU-IMF-supported Program for 2012-13, and staff?s projections afterwards. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds;State Government;Other; Valuation of public debt: Nominal value Primary domestic currency: Euros Data last updated: 03/2012
    133Qatar : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Latest actual data: 2010/11. 2010/2011 Start/end months of reporting year: April/March GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government;Monetary Public Corporations, incl. central bank; Valuation of public debt: Nominal value Primary domestic currency: Qatar riyals Data last updated: 03/2012
    134Romania : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: February/January GFS Manual used: 2001. Cash General government includes: Central Government;Nonfinancial Public Corporation;Social Security Funds; Valuation of public debt: Current market value Primary domestic currency: Romanian lei Data last updated: 03/2012
    135Russia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Fiscal assumptions: Projections for 2012?14 are based on the non-oil deficit as a percent of GDP implied by the 2012?14 medium-term budget and IMF staff revenue projections. The IMF staff assumes an unchanged non-oil federal government balance as a percent of GDP during 2015?17. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Local Government;Social Security Funds;State Government; Valuation of public debt: Current market value Primary domestic currency: Russian rubles Data last updated: 03/2012
    136Rwanda : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Expenditures are recorded on accrual basis, while reveunes are recoreded on cash basis. General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: Rwanda francs Data last updated: 02/2012
    138São Tomé and Príncipe : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance. Fuel tax revenue from Customs Department Latest actual data: 2011 Notes: There is no public domestic debt Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: São Tomé and Príncipe dobras Data last updated: 04/2012
    139Saudi Arabia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: The authorities base their budget on a conservative assumption for oil prices with adjustments to expenditure allocations considered in the event that revenues exceed budgeted amounts. IMF staff projections of oil revenues are based on WEO baseline oil prices discounted by approximately 5 percent, reflecting the higher sulfur content in Saudi crude oil. On the expenditure side, wages are assumed to rise at a natural rate of increase in the medium term with adjustments for recently announced changes in the wage structure. In 2013 and 2016, 13th-month pay is awarded based on the lunar calendar. Transfers increased in 2011, primarily due to a one-time transfer to specialized credit institutions. Interest payments are projected to decline in line with the authorities' policy of reducing the outstanding stock of public debt. Capital spending is in line with the priorities established in the authorities' Ninth Development Plan, and recently announced capital spending on housing is assumed to start in 2012 and continue over the medium term. Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government;Other; Valuation of public debt: Nominal value Primary domestic currency: Saudi Arabian riyals Data last updated: 03/2012
    140Senegal : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Fiscal assumptions: Based on program targets for first 1-2 years, thereafter on DSA considerations. Fiscal accounts are shown in accordance with the 2001 GFS methodology. Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: CFA francs Data last updated: 03/2012
    141Serbia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010. Data are produced monthly. Latest data is August 2010. Fiscal assumptions: Authorities'SBA supported program Start/end months of reporting year: January/December GFS Manual used: 1986. Combination of 1986 Basis of recording: Cash General government includes: Local Government;Social Security Funds;State Government;Other;. The general government includes the social security funds, pension fund, the employment fund, health fund, and the oad company Valuation of public debt: Nominal value Primary domestic currency: Serbian dinars Data last updated: 02/2012
    142Seychelles : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Staff projections Start/end months of reporting year: January/December GFS Manual used: 1986. Change in presentation to reflect 2011 Budget classification and transition to GFS2001. Data prior to 2007 may not add up due to breaks in the GFS1986/2001 coverage. Basis of recording: Cash General government includes: Central Government;Social Security Funds;. Change in coverage of general government as of 2011 Budget and incorporation of budget dependent entities Valuation of public debt: Nominal value. Book value Primary domestic currency: Seychelles rupees Data last updated: 04/2012
    143Sierra Leone : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: Sierra Leonean leones Data last updated: 03/2012
    144Singapore : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Fiscal assumptions: For fiscal year 2012/13, projections are based on budget numbers. For the remainder of the projection period, the IMF staff assumes unchanged policies. Start/end months of reporting year: April/March GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: Singapore dollars Data last updated: 03/2012
    145Slovak Republic : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Haver Analytics Latest actual data: 2011 Fiscal assumptions: Estimates for the general government in 2010 reflect the actual outturn. Projections for 2011 are based on actual outturn for central government only. Projections for 2012 and beyond reflects no policy change scenario. Start/end months of reporting year: January/December GFS Manual used: ESA 95 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Face value Primary domestic currency: Euros Data last updated: 03/2012
    146Slovenia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government;Local Government;Social Security Funds;State Government; Valuation of public debt: Face value Primary domestic currency: Euros Data last updated: 03/2012
    147Solomon Islands : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Fiscal projections are based on program supported by the SCF arrangement with the Fund. Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: Solomon Islands dollar Data last updated: 03/2012
    148South Africa : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Fiscal projections are based on the authorities? 2012 budget and policy intentions stated in the Budget Review, published February 22, 2012. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Social Security Funds;State Government; Valuation of public debt: Nominal value Primary domestic currency: South African rand Data last updated: 03/2012
    149Spain : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance. Eurostat Latest actual data: 2011. Preliminary Fiscal assumptions: The 2011 numbers are based on the authorities? estimated outturns for the general government for the year. For 2012 and beyond, the projections are based on measures implemented during the course of 2012 and the authorities? deficit target for 2012. The draft budget for 2012 was not available at the time of staff?s forecast. Start/end months of reporting year: January/December GFS Manual used: ESA95, consistent with Eurostat dataset Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds;State Government; Valuation of public debt: Nominal value Primary domestic currency: Euros Data last updated: 03/2012
    151St. Kitts and Nevis : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;. Debt corresponds to nonfinancial public sector (central government and SOEs) Valuation of public debt: Nominal value Primary domestic currency: Eastern Caribbean dollars Data last updated: 03/2012
    152St. Lucia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: April/March GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government;. Debt corresponds to nonfinancial public sector (central government and SOEs) Valuation of public debt: Nominal value Primary domestic currency: Eastern Caribbean dollars Data last updated: 03/2012
    153St. Vincent and the Grenadines : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Fiscal assumptions: Discussions with the authorities and projections for growth and inflation Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;. Debt corresponds to nonfinancial public sector (central government and SOEs) Valuation of public debt: Nominal value Primary domestic currency: Eastern Caribbean dollars Data last updated: 03/2012
    154Sudan : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government Primary domestic currency: Sudanese Pound. Data last updated: 03/2012
    155Suriname : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Notes: Total expenditures include statistical discrepancies classified under Purchase/Use of Goods and Services. Net lending is not included. Fiscal assumptions: IMF staff projections Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Current market value Primary domestic currency: Suriname dollars Data last updated: 02/2012
    156Swaziland : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: April/March GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: Swaziland emalangeni Data last updated: 03/2012
    157Sweden : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Fiscal projections for 2012 are broadly in line with the authorities? projections. The impact of cyclical developments on the fiscal accounts is calculated using the Organization for Economic Cooperation and Development?s latest semi-elasticity.? Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Local Government;Social Security Funds;State Government Primary domestic currency: Swedish kronor Data last updated: 04/2012
    158Switzerland : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2009 Fiscal assumptions: Projections for 2010?17 are based on IMF staff calculations, which incorporate measures to restore balance in the federal accounts and strengthen social security finances. Monetary policy variables reflect historical data from the national authorities and market. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Swiss francs Data last updated: 03/2012
    159Syrian Arab Republic : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2009 Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Face value Primary domestic currency: Syrian pounds Data last updated: 02/2012
    160Taiwan Province of China : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: CEIC Latest actual data: 2010 Notes: We do not have data on policy lending. Fiscal assumptions: Projections for 2011-17 are based on the assumptions underlying the IMF staff's medium-term macroeconomic scenario. Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: accrual General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: New Taiwan dollar Data last updated: 03/2012
    161Tajikistan : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Tajik somoni Data last updated: 04/2012
    162Tanzania : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: July/June GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government Primary domestic currency: Tanzania shillings Data last updated: 03/2012
    163Thailand : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Fiscal assumptions: Fiscal projections are based on IMF staff estimates from latest Article IV consultation, adjusted for changes in macroeconomics assumption as well as in classification method Start/end months of reporting year: October/September GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government; Valuation of public debt: Nominal value. Book value Primary domestic currency: Thai baht Data last updated: 03/2012
    165Togo : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2009 Start/end months of reporting year: January/December GFS Manual used: 2001 General government includes: Central Government Primary domestic currency: CFA francs Data last updated: 03/2012
    167Trinidad and Tobago : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Notes: Debt includes only general government and debt of banks, but not of the other private sector. Start/end months of reporting year: October/September GFS Manual used: 1986 General government includes: Central Government;Nonfinancial Public Corporation Primary domestic currency: Trinidad and Tobago dollars Data last updated: 03/2012
    168Tunisia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: Tunisian dinars Data last updated: 03/2012
    169Turkey : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Fiscal projections assume that current expenditures will be in line with the authorities? 2012?14 Medium-Term Program (MTP), but that capital expenditures will be exceeded given projects initiated in 2011. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Local Government;Social Security Funds;State Government; Valuation of public debt: Nominal value Primary domestic currency: Turkish lira Data last updated: 04/2012
    170Turkmenistan : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 2001. The central budget data are not reported according to GFSM 2001 by the authorities. Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: Turkmen manat Data last updated: 03/2012
    172Uganda : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010. 2009/10 Start/end months of reporting year: July/June GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Nominal value Primary domestic currency: Uganda shillings Data last updated: 03/2012
    173Ukraine : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Projections based on IMF staff estimates. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Local Government;Social Security Funds;State Government; Valuation of public debt: Nominal value Primary domestic currency: Ukrainian hryvnias Data last updated: 03/2012
    174United Arab Emirates : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 1986 General government includes: Central Government Primary domestic currency: U.A.E. dirhams Data last updated: 03/2012
    175United Kingdom : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: National Statistical Office Latest actual data: 2010 Notes: General government variables exclude the effects of temporary effect of financial interventions. Fiscal assumptions: Fiscal projections are based on the authorities? 2012 budget announced in March 2012 and the Economic and Fiscal Outlook by the Office for Budget Responsibility published along with the budget. These projections incorporate the announced medium-term consolidation plans from 2012 onward. The projections are adjusted for differences in forecasts of macroeconomic and financial variables and exclude the temporary effects of financial sector interventions and the effect on public sector net investment in 2012-13 of transferring assets from the Royal Mail Pension Plan to the public sector. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government; Valuation of public debt: Nominal value Primary domestic currency: Sterling pounds Data last updated: 03/2012
    176United States : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt) Latest actual data: 2010 Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001. Fiscal assumptions: Fiscal projections are based on the January 2012 CBO baseline adjusted for the IMF staff's policy and macroeconomic assumptions. The key near-term policy assumptions include a continuation of the payroll tax cut during 2012, an extension of emergency unemployment benefits into 2013 (one year beyond the current law), and an automatic sequestration of spending from 2013 triggered by the failure of the Joint Select Committee on Deficit Reduction. In the medium term, IMF staff assumes that Congress will continue to make regular adjustments to the AMT parameters and Medicare payments (DocFix), will extend certain traditional programs (such as the research and development tax credit), the Bush tax cuts for the middle-class will be extended permanently, but the Bush tax cuts for the higher-income taxpayers will be allowed to expire from 2014 (one year later than planned under the current law). The fiscal projections are adjusted to reflect the IMF staff?s forecasts of key macroeconomic and financial variables, different accounting treatment of the financial sector support, and are converted to the general government basis. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;State Government; Valuation of public debt: Nominal value Primary domestic currency: U.S. dollars Data last updated: 03/2012
    177Uruguay : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Nonfinancial Public Corporation;Social Security Funds; Valuation of public debt: Face value Primary domestic currency: Uruguayan pesos Data last updated: 04/2012
    178Uzbekistan : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Start/end months of reporting year: January/December GFS Manual used: Data not reported according to GFS methodology. Basis of recording: Cash General government includes: Central Government;Local Government;Social Security Funds;State Government;Other; Valuation of public debt: Nominal value Primary domestic currency: Uzbek sum Data last updated: 03/2012
    180Venezuela : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Local Government;Nonfinancial Public Corporation;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Venezuelan bolívares Data last updated: 03/2012
    181Vietnam : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Fiscal assumptions: 2010 is based on authorities' budget (for expenditure); for projections on revenues and financing, staff use the information/measures in the approved budget but the team's macro-framework assumptions. Start/end months of reporting year: January/December GFS Manual used: 2001 General government includes: Central Government;Local Government;Monetary Public Corporations, incl. central bank;State Government; Valuation of public debt: Nominal value Primary domestic currency: Vietnamese dong Data last updated: 03/2012
    182Republic of Yemen : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2009 Fiscal assumptions: Hydrocarbon revenue projection are based at WEO assumptions for oil and gas prices (authorities use $55/brl) and authorities projections of production of oil and gas. Non-hydrocarbon revenues largely reflect authorities projection, as well as most of the expenditure categories with exception of fuel subsidies which are projected based at WEO price consistent with revenues. Monetary projection are based on key macroeconomic assumptions on growth rate of broad money, credit to private sector, deposit growth. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;Local Government; Valuation of public debt: Nominal value Primary domestic currency: Yemeni rials Data last updated: 04/2012
    183Zambia : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2011 Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Current market value Primary domestic currency: Zambian kwacha Data last updated: 03/2012
    184Zimbabwe : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Notes: Fiscal data prior to 2008 are not reliable. Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Current market value. In U.S. dollar Primary domestic currency: U.S. dollars Data last updated: 03/2012