Debt service ratio

Region Debt export ratio

Although Mexico s traditional debt indicators appeared sustainable, with moderate ratios of debt service, debt stock to exports and interest payments to exports (a ratio similar to the debt service ratio), the ratio of short term debt to reserves amounted to 131 per cent in 1997 (the ratio was much higher in 1996).

36. Africa s external debt burden is the highest among developing countries in terms of the ratio of external debt to GDP and its debt service ratio.

The residents sector accounts for an increasing share of the total debt in the real economy, and the leverage ratio has risen rapidly.

The debt indicators show what would be expected to be a sustainable debt position.1 The debt service ratio measured 13 per cent, the debt stock to exports ratio 114 per cent, the debt stock to GNP ratio 31 per cent, and short term debt to foreign exchange reserves ratio 53 per cent as noted, however, those figures obscure diverse trends at the country level.

1 It is generally recognized that a ratio of debt to exports exceeding 200 per cent and a ratio of debt service to exports exceeding 20 per cent would signal serious debt problems.

This sharp devaluation increased further the cost of debt servicing and the debt to GDP ratio.

TOTAL POPULATION BY FEDERAL ENTITY AND SIZE OF LOCALITY BY SEX AND SEX RATIO ANNEX 4 FEDERAL ENTITY AND TOTAL SIZE OF LOCALITY POPULATION MALE FEMALE SEX RATIO

Despite the higher growth in total debt stock in countries of Europe and Central Asia, strong growth in GNI (19 per cent) in 2004 contributed to an improvement in the region's total debt to income ratio from 49.4 per cent in 2003 to 44.6 per cent in 2004.

Overall, short term debt and total debt service also declined.

However, because of improved economic performance in the debtor countries, the overall ratio of debt to exports and the ratio of external debt to gross domestic product had declined to their lowest levels since the onset of the debt crisis.

The growth of gross national income (GNI) in developing countries outpaced the growth in debt in 2004, improving the total debt to income ratio for all developing countries to an estimated 35.2 per cent, down from 38.6 per cent in 2003.

Table 1 Ratio of subventions to annual total expenditure (United States dollars)

The ratio of correctly typed characters versus total number of characters typed.

Latin American debt indicators generally indicated a sustainable debt position for the region as a whole, with a debt service ratio of 12 per cent, debt stock to exports and to GNP ratios of 103 per cent and 43 per cent respectively, and a short term debt to reserves ratio of 71 per cent.

In addition, given that local government debt comprises 27 of China s 2010 GDP, while central government debt and policy loans stand at 20 and 6 of GDP, respectively, the total public debt to GDP ratio is approximately 53 lower than Germany s. So, while China should not be complacent about local government debt, panic is unwarranted.

A public debt crisis in Japan (as the combination of recession, deflation, and high deficits drove up the debt GDP ratio).

The ratio of short term debt to reserves indicated no short term liquidity difficulty.

Total staff Number of gratis personnel Ratio of gratis personnel to staff (percentage)

Three factors had been taken into account debt service to export ratio (in the range of 20 25 per cent), the ratio of the current value of debt to export (200 250 per cent) and vulnerability.

Net total debt increased to 11.4 billion.

Arrears as a share of total debt

As a group, those countries debt burden remains severe, with a debt stock to export ratio of well over 300 per cent (far above the 200 per cent threshold used to indicate a debt overhang) and a debt stock to GNP ratio of 127 per cent in 1996 after several years of improvement.

TOTAL POPULATION BY AGE GROUP, SEX AND SEX RATIO ANNEX 1 AGE GROUP POPULATION MALE FEMALE SEX RATIO UNITED MEXICAN STATES 0 4 YEARS

40. In considering this element of the scale, the Committee had before it information obtained from the World Bank on debt stock, principal repayments, the ratio of debt to national income and the ratio of debt service to export earnings for a number of Member States.

Target ranges for sustainable debt levels have initially been defined by the Bretton Woods institutions as 200 to 250 per cent for the debt to exports ratio expressed in present value terms, and as 20 to 25 per cent for the debt service to exports ratio.

For Argentina, the ratio of interest payments to exports was 21 per cent and the ratio of external debt to exports 313 per cent in 1997.

For instance, the SADC countries have a total debt stock of 78.1 billion, with an annual total debt service amounting to 6.8 billion.

The ECLAC region's debt to export ratio is higher than that of any other developing region.

In 2004 the ratio of debt servicing to exports was 10.0 per cent (see figure below).

By 1995, SSA had the highest debt to exports ratio of any developing region (table 2).

It is estimated that the debt export ratio in net present value terms is high (187 per cent), suggesting that Haiti's debt is unsustainable.

Although the government s stimulus policies have increased the national debt, the debt GDP ratio remains relatively low, at roughly 37 . Public debt in Japan, by contrast, exceeds 220 of GDP.

For the financial year under review, a total of 8 Professionals managed a total fleet of 188 aircraft (ratio of 1 23.5).

Even with the latest deal, Greece s debt ratio remains at 120 of last year s GDP. With a projected drop in GDP of 7 this year and a sustained deficit, the debt ratio would exceed 130 before stabilizing at 120 in 2020.

In 2001 the ratio of sickness benefits against the total expenditures from GDP constituted 0.2 .

In 2001 the ratio of unemployment benefits against the total expenditures constituted 0.39 of GDP.

This led to increased concern about the levels of internal debt and total debt and the implications for servicing the debt.

Third, though China s public debt GDP ratio is officially still under 20 , since the onset of the global financial crisis in 2008, its fiscal position has deteriorated. If the government s contingent liabilities are included, China s debt GDP ratio may be closer to 50 .

In 2001 the ratio of maternity benefits against the total expenditures from the GDP constituted 0.12 .

4. Debt indicators improved for developing countries overall during the year, with marginal declines in the ratios of debt service to exports and debt stock to gross national product (GNP) and a larger fall in the ratio of the stock of debt outstanding to total exports (see table 1), largely reflecting the rapid growth of developing country exports, which rose by six per cent during the year.

The ratio of debt to exports was 83.4 per cent, likewise one of the lowest in the region.

b Total public debt denominated in pesos and foreign currency.

In Brazil, the ratio of interest payments to exports was also 21 per cent, and the debt stock as a percentage of exports was 289 per cent in 1997, while the ratio of short term debt to reserves did not signal immediate liquidity problems.