Andorra: Government debt

* indicates monthly or quarterly data series

Government debt as percent of GDP

 Latest value 46.70
 Year 2020
 Measure percent
 Data availability 2008 - 2020
 Average 37.87
 Min - Max 25.60 - 46.70
 Source Department of Statistics of Andorra
For that indicator, we provide data for Andorra from 2008 to 2020. The average value for Andorra during that period was 37.87 percent with a minimum of 25.6 percent in 2008 and a maximum of 46.7 percent in 2020. The latest value from 2020 is 46.7 percent. For comparison, the world average in 2020 based on 179 countries is 66.10 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Andorra - Government debt - Recent values chart

Historical chart
Andorra - Government debt - historical chart - 2008-2020

The government debt in Andorra and other countries is calculated as the total amount owed by the national government to domestic and international lenders. It is reported as percent of GDP so that we can evaluate its magnitude relative to the size of the economy.

Government debt of about 60 percent or less of GDP is not considered a problem. The government can make payments without strain and even has some room to borrow more. If debt levels reach 80-90 percent that may have negative effects on the economy. Debt above 120 percent of GDP is quite detrimental.
Definition: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

 Related indicators Latest value Reference Measure
 Fiscal balance, percent of GDP 1.10 2020 percent
 Government debt 46.70 2020 percent
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