El Salvador: Public Debt Reaches 59% of GDP

In July, the public debt balance reached $14.57 billion, the highest in Central America in relation to GDP.

Monday, September 2, 2013

Elmundo.com.sv reports that "in the first half of the year, the ratio of public debt in El Salvador in relation to its Gross Domestic Product (GDP) was the highest in Central America, according to the Central American Monetary Council (CAMC)" .

Compared to the same period in 2012, the ratio has increased by 2.6%. Salvadoran debt was higher than the 5.4% held by Costa Rica, the country with the second highest percentage in Central America with a debt ratio of 53.2% of GDP.

Third place went to Honduras with 50.4% of its GDP, followed by Nicaragua with 48.4%. The CMCA has no data for Panama but the Ministry of Economy and Finance (MEF) stated that the debt reached 42.5% which would give it fifth place followed by Guatemala with 27.9%.

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

Guatemala: Public Debt Exceeds 23% of GDP

October 2018

Up to August, the external and internal public debt amounted to $18.463 billion, equivalent to 23.4% of the country's Gross Domestic Product.

According to figures from the Ministry of Public Finance, in the last nine years the debt to GDP ratio has slightly varied, between 23.3% and 24.8%.

Growing Concern Over High Fiscal Deficit

July 2018

In the view of Moody's, Fitch and S & P, the latest projections of public debt and fiscal deficit by the Central Bank of Costa Rica, further worsen the outlook for the debt rating.

Last week the Central Bank of Costa Rica (BCCR) released a report in which it explained that for this year it is expected that the public debt with respect to the Gross Domestic Product (GDP) will reach 53.8%, and by 2019 this indicator will reach 58.4%.

Honduras Government Debt Reaches 50% of GDP

July 2014

The Central American Institute for Fiscal Studies has carried out an assessment of the public finances 2010-2013, and prospects for 2014.

From a statement issued by the Central Institute for Fiscal Studies (Icefi):

The Icefi showed that sluggish revenues and a strong increase in public spending accelerated the growth of the fiscal deficit, from 4.6% of GDP in 2010 to 7.9% of GDP in 2013.

Panama’s Debt / GDP Ratio Still Falling

January 2013

Despite the increase in the public debt exceeding $14.5 billion, GDP growth has brought the relationship between the two parameters to less than 40%.

The strong growth of the Panamanian economy both during the Torrijos administration and the current one of Ricardo Martinelli, has seen the relationship between public debt and gross domestic product (GDP) go from 70.4% in 2004, to 39.6% according to the Ministry of Economy and Finance (MEF) as at the end of 2012.

ok