Debt represents 89% of the GDP and 556% more than the international reserves

As a proportion of GDP, total public debt has been on the rise since 2011, rising from 35.9% that year to 88.7% in 2019. The external debt (in foreign currency) in comparison to exports: was 110.2% in 2011, rose to 313.9% in 2019. Regarding reserves, external debt (in foreign currency) in 2011 represented 231.9%, last year it reached 556.1%.

Source: Clarín

Categories: Macroeconomy/Finance