Chapter

Appendix II Statistical Tables

Author(s):
Manmohan Kumar, and Pablo Guidotti
Published Date:
March 1991
Share
  • ShareShare
Show Summary Details

This appendix provides additional information on domestic and external public debt, and fiscal accounts.

1. Public Debt (Tables 9 and 10)

The public debt data were obtained from national sources; recent unpublished Fund papers; the International Monetary Fund’s Government Finance Statistics Yearbook and International Financial Statistics;, the Fund’s World Economic Outlook data bank; and the Economic Outlook (December 1988 issue) published by the Organization for Economic Cooperation and Development (OECD). Table 9 provides domestic and external public debt data, on an annual basis, for the average of the G-15 countries and for the group consisting of the four largest debtors among the G-15, all of which are in the Western Hemisphere. Table 10 provides data for the majority of the OECD countries.

Table 9.Fifteen Heavily Indebted Developing Countries: Public Debt, 1976–881(Percentage of GDP)
1976197719781979198019811982198319841985198619871988
Domestic public debt
G-15 countries25.76.57.06.67.88.711.712.614.214.915.815.916.4
Four largest debtors35.96.77.16.68.59.914.114.816.116.517.918.418.4
External public debt
G-15 countries213.615.818.118.919.121.324.430.433.535.637.437.737.7
Four largest debtors212.916.417.919.419.922.525.830.732.032.133.833.9
Total debt
G-15 countries219.322.325.125.626.930.036.143.047.650.553.253.654.0
Four largest debtors318.823.125.026.028.532.439.945.548.148.751.752.251.2
Source: Domestic public debt data were obtained from national sources; the International Monetary Fund’s International Financial Statistics and Government Finance Statistics Yearbook; and recent unpublished Fund papers. Figures for GDP in national currencies and in U.S. dollars were obtained from the Fund’s World Economic Outlook data bank. External debt data were provided by Fund staff members. The total public debt ratio is the sum of the domestic debt ratio and the external debt ratio.

Weighted averages. Weights are based on the relative shares in GDP (measured in U.S. dollars) in 1981–82 of the G-15 countries and of the four largest debtors among them (all of which are in the Western Hemisphere), respectively.

The G-15 countries include Argentina, Bolivia, Brazil, Chile, Colombia, Cote d’lvoire, Ecuador, Mexico, Morocco, Nigeria, Peru, the Philippines, Uruguay, Venezuela, and Yugoslavia.

Among the G-15, the four developing countries with the largest external debts are Argentina, Brazil, Mexico, and Venezuela.

Source: Domestic public debt data were obtained from national sources; the International Monetary Fund’s International Financial Statistics and Government Finance Statistics Yearbook; and recent unpublished Fund papers. Figures for GDP in national currencies and in U.S. dollars were obtained from the Fund’s World Economic Outlook data bank. External debt data were provided by Fund staff members. The total public debt ratio is the sum of the domestic debt ratio and the external debt ratio.

Weighted averages. Weights are based on the relative shares in GDP (measured in U.S. dollars) in 1981–82 of the G-15 countries and of the four largest debtors among them (all of which are in the Western Hemisphere), respectively.

The G-15 countries include Argentina, Bolivia, Brazil, Chile, Colombia, Cote d’lvoire, Ecuador, Mexico, Morocco, Nigeria, Peru, the Philippines, Uruguay, Venezuela, and Yugoslavia.

Among the G-15, the four developing countries with the largest external debts are Argentina, Brazil, Mexico, and Venezuela.

Table 10.Industrial Countries: Gross Public Debt, 1981–88(Percentage of nominal GNP/GDP)
1981198219831984198519861987 11988 1
United States37.241.144.245.248.351.151.651.5
Japan57.061.166.968.469.072.875.573.0
Germany, Fed. Rep. of36.339.540.941.542.242.443.744.5
France236.440.141.443.845.445.447.547.2
Italy61.066.371.977.184.088.592.795.0
United Kingdom54.553.253.454.853.352.049.644.9
Canada45.150.156.158.864.668.668.868.2
Total of above countries344.548.351.653.255.457.959.258.5
Australia222.322.124.125.226.426.623.520.5
Austria39.341.646.047.949.654.057.557.2
Belgium93.3102.4113.3118.6122.7127.2132.5134.4
Denmark243.653.062.667.065.759.557.255.3
Finland214.617.118.719.119.018.820.018.8
Greece232.836.141.249.557.959.064.768.7
Ireland83.592.2104.7113.2117.7133.2135.6132.8
Netherlands50.355.561.966.169.671.375.077.7
Norway247.442.138.838.740.751.042.841.1
Spain223.329.035.041.847.248.148.448.4
Sweden52.362.065.767.267.767.362.058.1
Total of smaller countries3,442.046.751.855.558.259.959.959.4
Total of European countries3,445.248.851.854.556.757.758.958.7
Total of all countries above344.248.151.653.555.858.159.258.6
Source: Organization for Economic Cooperation and Development, Economic Outlook (December 1988). Note: GNP denotes gross national product.

Partly estimated.

Does not exclude public sector mutual indebtedness.

1987 GNP/GDP weights and exchange rates.

For the countries shown in the table.

Source: Organization for Economic Cooperation and Development, Economic Outlook (December 1988). Note: GNP denotes gross national product.

Partly estimated.

Does not exclude public sector mutual indebtedness.

1987 GNP/GDP weights and exchange rates.

For the countries shown in the table.

2. Fiscal Accounts (Table 11)

Data were obtained from recent unpublished Fund papers and include other estimates prepared by Fund staff members. Weighted averages were obtained using 1981–82 GDP weights.

Table 11.Fifteen Heavily Indebted Developing Countries: Fiscal Accounts of the Consolidated Public Sector, 1978–88(Percentage of GDP)
19781979198019811982198319841985198619871988
Revenue
G-15 countries124.423.323.623.223.023.421.221.722.522.822.7
Four largest debtors219.918.119.118.318.318.517.718.217.917.717.2
Expenditure
G-15 countries127.024.925.728.630.427.623.924.526.527.826.5
Four largest debtors221.921.322.425.226.523.420.321.123.624.622.8
Surplus or deficit (-)
G-15 countries1–2.6–1.6–2.1–5.4–7.4–4.2–2.7–2.8–4.0–5.0–3.8
Four largest debtors2–2.0–3.2–3.3–6.9–8.2–4.9–2.7–3.0–5.7–6.9–5.6
Interest payments
G-15 countries12.22.02.23.26.56.85.86.06.67.37.3
Four largest debtors21.81.71.93.05.86.15.55.86.67.47.1
Primary surplus or deficit (-)
G-15 countries1–1.7–0.9–1.3–4.4–2.71.02.42.51.00.11.4
Four largest debtors2–0.2–1.5–1.4–3.9–2.41.22.82.80.90.51.5
Source: Various recent unpublished Fund papers.

’The G-15 countries include Argentina, Bolivia, Brazil, Chile, Colombia, Cote d’lvoire, Ecuador, Mexico, Morocco, Nigeria, Peru, the Philippines, Uruguay, Venezuela, and Yugoslavia.

The four developing countries among the G-15 that have the largest external debts are Argentina, Brazil, Mexico, and Venezuela.

Source: Various recent unpublished Fund papers.

’The G-15 countries include Argentina, Bolivia, Brazil, Chile, Colombia, Cote d’lvoire, Ecuador, Mexico, Morocco, Nigeria, Peru, the Philippines, Uruguay, Venezuela, and Yugoslavia.

The four developing countries among the G-15 that have the largest external debts are Argentina, Brazil, Mexico, and Venezuela.

    Other Resources Citing This Publication