by Amit Uttamchandani of caribbeansignal.com
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 is what 32 years of public debt to GDP, expressed as a percentage, looks like for Barbados:
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.
The blogmaster invites you to join the discussion.