Central African Republic: Government debt

* indicates monthly or quarterly data series
 Central African Republic

Government debt as percent of GDP

 Latest value 47.61
 Year 2021
 Measure percent
 Data availability 1997 - 2021
 Average 61.94
 Min - Max 19.69 - 103.11
 Source International Monetary Fund (IMF)
For that indicator, we provide data for the Central African Republic from 1997 to 2021. The average value for the Central African Republic during that period was 61.94 percent with a minimum of 19.69 percent in 2011 and a maximum of 103.11 percent in 2001. The latest value from 2021 is 47.61 percent. For comparison, the world average in 2021 based on 175 countries is 63.59 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
Central African Republic - Government debt - Recent values chart

Historical chart
Central African Republic - Government debt - historical chart - 1997-2021

The government debt in the Central African Republic 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
 Government spending, percent of GDP 8.34 2022 percent
 Government spending, in dollars 0.20 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -4.60 2022 percent
 Government debt 47.61 2021 percent
 Tax revenue 8.21 2021 percent
 Commercial tax rate 73.30 2019 percent
 Tax preparation time 483 2019 hours
 Number of taxes 56 2019 taxes
 Taxes on goods and services 30.15 2021 percent
 Taxes on international trade 15.86 2021 percent
 Income and profits taxes 10.74 2021 percent
 Foreign aid 652.53 2021 million U.S. dollars
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