Barbados Public Debt to GDP 1980 to 2012
The objective of this post is to locate, explore and compare/contrast historical public debt to GDP data for several Caribbean countries.
First, we have to find the data: The Google query “debt to gdp imf” brings us – ironically – to the IMF (Barbadians take note). In particular, this page: “A Historical Public Debt Database.” The IMF’s data set contains public debt to GDP data for 170+ countries going back as far as 1692 all the way up to 2012. The second step is to extract Caribbean countries that are of interest to me (including Barbados) and a time period of interest to me (1980 to 2012). The third step is to pull the data into Excel and build a few charts.
Here’s the same chart but with red and blue lines added in at specific years (WARNING: Correlation does not imply Causation). I will leave it to the reader’s imagination to infer what these lines mean.
My next post will look at several other Caribbean countries.