Macroeconomic scoreboard 2006 - 2013
| Periods | Government debt as a % of GDP (%) |
|---|---|
| 2013* | 73.5 |
| Source: CBS. | |
Table explanation
To identify in a timely manner existing and potential imbalances and possible macroeconomic risks within the countries of the European Union in an early stage, the European Commission has drawn up a scoreboard with eleven indicators. This scoreboard is part of the Macroeconomic Imbalance Procedure (MIP). This table contains quarterly and annual figures for these eleven indicators for the Netherlands.
Data available from 2006 to 2013.
Status of the figures:
Annual and quarterly data are provisional. Because this table is discontinued, figures will not be updated anymore.
Changes as of July 10th 2014:
None, this table is discontinued.
When will new figures be published?
Not applicable anymore.
This table is replaced by table Macroeconomic scoreboard. See paragraph 3.
Description topics
- Government debt as a % of GDP
- Government debt, % of gross domestic product (GDP).
The consolidated debt of the general government (valued at the nominal value) excluding other accounts payable and the debt on financial derivatives, expressed as a percentage of GDP. For the general government the public debt is consolidated. This means that transactions between government-units are eliminated.
Due to differences in valuation method the sum of the debt-titles of the public debt (nominal) is not equal to the sum of the debt-titles in the national accounts (market value). The debt consists of the titles: currency, short-term securities, bonds, short-term loans and long-term loans. General government debt (also known as EDP-debt) is one of the components of the Stability and Growth pact. EDP stands for Excessive Deficit Procedure.
Sources:
The data are from Statistics Netherlands’ national accounts.
Calculation of the scoreboard indicator:
Government debt is calculated as a percentage of GDP.
Interpretation of the indicator:
A high government debt reduces the government’s room to manoeuvre, as it has to reserve a large part of it revenues yearly for interest payments and thus may not be able to implement counter-cyclical policies, or provide guarantees to financial institutions in the event of a financial crisis.
Upper and lower limits:
For this indicator, the European Commission has set only an upper limit: +60 percent.