Government gross debt in Spain

International Monetary Fund · Annual · Importance

IMF forecast (WEO): 2026: 97.6% 2027: 95.2% 2028: 93.2% 2029: 92.0% 2030: 90.7% 2031: 89.4%

60.9 (1999) ANUAL · % of GDP · Annual · CSV

Period	% of GDP
Jan 1999	60.9
Jan 1998	62.4
Jan 1997	64.3
Jan 1996	65.4
Jan 1995	61.6
Jan 1994	57.0
Jan 1993	54.6
Jan 1992	44.1
Jan 1991	41.9
Jan 1990	41.3

About this indicator

Source

International Monetary Fund

Frequency

Annual

Release

Published annually (with quarterly advance estimates in some economies), subject to revision with the national accounts.

What it is

Government debt is the total payment obligations (liabilities) that a country's general government owes to its creditors. It is usually expressed in absolute terms and, above all, as a percentage of GDP to assess its sustainability.

How it's calculated

It is measured on a harmonized basis (in the EU, Excessive Deficit Procedure debt) by adding the liabilities of all general government -securities, loans and deposits- consolidated across subsectors. The debt-to-GDP ratio relates that stock to the size of the economy.

Market implications

A high or rising debt level bears on the sustainability of public finances, the government's funding cost (risk premium) and the room for fiscal policy. It is closely watched by markets and rating agencies.

Limitations

It is a low-frequency figure revised with the national accounts. The ratio to GDP depends on both the debt stock and nominal GDP, so it can move without any change in borrowing.