DR public debt/GDP ratio is above regional average
According to the Centro Monetario Centroamericano (CMC), the ratio of public debt to Gross Domestic Product (GDP) for the first quarter of 2016 in the Dominican Republic is above the average of the seven Central American countries, including Panama. The debt to GDP ratio in the DR for the first quarter of 2016 was 46.6%, which is below that of Costa Rica and El Salvador, but higher than that of Guatemala, Honduras, Nicaragua and Panama.
The regional country with the best ratio is Guatemala with 24%. El Salvador has the highest debt to GDP ratio, estimated to be 64.6%.
The debt to GDP ratio of the countries in the region is:
Guatemala 24% (up from 24.3%)
Panama 40.9% (up from 36.7%)
Honduras 43.1% (up from 42.4%)
Dominican Republic 46.6% (up from 42.7%)
Nicaragua 45.9% (up from 45.8%)
Costa Rica 59.2% (same as 59.2%)
El Salvador 64.6% (up from 61.2%)
Source: DR1, http://www.secmca.org
July 21, 2016
Category: DR News |