Debt service / capital expenditure (DS/CE)

In all measured indicators the numerator is the debt service annual amount in current US dollars. Its exact "official" definition runs as follows:

Total debt service is the sum of principal repayments and interest actually paid in foreign currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF. Data are in current U.S. dollars.
Source : World Bank, Global Development Finance.

The Debt service / capital expenditure refers to the ratio between the debt service annual amount in current US dollars and capital expenditure during the same year. Capital expenditure is defined as follows:

Capital expenditure (% of total expenditure) is spending to acquire fixed capital assets, land, intangible assets, government stocks, and nonmilitary, nonfinancial assets. Also included are capital grants. Data are shown for central government only.
(Source : International Monetary Fund, Government Finance Statistics Yearbook and data files.)

DS/CE = Total debt service (current USD) / [(capital expenditure (% of total expenditure) / 100) • (Total expenditure (% of GDP) / 100) • GDP (current USD)]

A ratio DS/CE = 0,457 means that the debt service represents 45,7% of the capital expenditure. A ratio DS/CE = 3,487 means that the expenses due to debt service is 3,487 times more important than the capital expenditure.

Mode of interpretation: DS/CE measures the burden of the debt service in relation to public investment. It shows to what extent debt service prevents capital expenditure.

####	1997	1998	1999	2000	2001	2002*	2003*	2004*
Afghanistan
Albania	0,280	0,149				0,050	0,040	0,041
Algeria	1,161	1,422	1,848	1,045	0,945	0,301	0,264	0,272
Angola						1,004	0,768	0,880
Argentina	5,203	5,802	8,364	9,455	9,838	0,434	0,714	0,422
Armenia						0,152	0,189	0,190
Australia
Austria
Azerbaijan	0,608	0,109	0,479			0,080	0,056	0,051
Bahamas, The
Bahrain
Bangladesh			0,539			0,066	0,055	0,050
Barbados						0,190
Belarus	0,166	0,215	0,240	0,388	0,503	0,076	0,057	0,053
Belgium
Belize						0,896
Benin						0,122	0,091	0,077
Bhutan	0,114	0,194	0,073	0,064	0,047	0,020
Bolivia	1,685	1,477	1,371	1,842	1,823	0,384	0,415	0,464
Bosnia and Herzegovina						0,129	0,122	0,099
Botswana						0,047	0,027	0,022
Brazil	7,695	10,942				0,621	0,656	0,454
Bulgaria	3,648	3,541	2,428	2,523	2,778	0,491	0,298	0,486
Burkina Faso						0,079	0,061	0,064
Burundi	0,454	0,564	0,670			0,516	0,425	0,934
Cambodia						0,026	0,027	0,024
Cameroon		3,085	2,706			0,192	0,212	0,269
Canada
Cape Verde						0,168	0,126	0,125
Central African Republic						0,006
Chad						0,021	0,033	0,044
Chile	1,495	1,384	1,853	2,544	2,877	0,558	0,488	0,460
China						0,061	0,060	0,032
Colombia	1,007	1,360	1,837			0,550	0,598	0,423
Comoros						0,200	0,094	0,100
Congo, Dem. Rep.	0,424	125,098	27,500	84,047	21,300	2,293	0,211	0,143
Congo, Rep.	1,407	0,443	0,173	0,191	0,353	0,037	0,075	0,342
Costa Rica	1,921	1,794	1,567	1,721	2,127	0,211	0,252	0,205
Cote d’Ivoire	2,132	1,790	2,531	3,451	3,081	0,782	0,396	0,298
Croatia	1,215	1,740	1,622	3,162	5,632	0,722	0,554	0,559
Cuba
Cyprus
Czech Republic	2,639	2,970	3,250	2,674	2,559	0,226	0,227	0,285
Denmark
Djibouti
Dominican Republic	0,707	0,603	0,476	0,752		0,138	0,245	0,195
Ecuador						0,395	0,390	0,568
Egypt, Arab Rep.	0,355					0,132	0,204	0,179
El Salvador		1,090	0,958	0,872	5,067	0,193	0,219	0,251
Equatorial Guinea
Eritrea						0,056	0,070	0,096
Estonia	1,366	2,214	3,490	4,428	4,120	0,387	0,460	0,455
Ethiopia	0,205	0,294	0,465			0,068	0,068	0,058
Fiji
Finland
France
Gabon						0,288	0,259	0,121
Gambia, The						0,193	0,290	0,340
Georgia	0,682	7,305	6,873	5,919	32,090	0,180	0,193	0,147
Germany
Ghana						0,146	0,262	0,097
Greece
Guatemala						0,111	0,116	0,113
Guinea		0,746	0,484			0,302	0,366	0,422
Guinea-Bissau						0,540	0,514	1,292
Guyana						0,445	0,371	0,265
Haiti	1,037	0,561	0,561	0,442		0,032	0,057
Honduras						0,275	0,252
Hong Kong, China
Hungary	4,078	3,775	4,262	3,433		0,974	0,822	0,764
Iceland
India	2,063	2,085	1,596	1,803	1,255	0,117	0,150	0,116
Indonesia	1,660	3,072	2,514			0,445	0,410	0,378
Iran, Islamic Rep.	0,862	0,556	0,809	0,701		0,045	0,041	0,041
Iraq
Ireland
Israel
Italy
Jamaica	1,347	1,410	1,596	1,569	1,931	0,317	0,341	0,302
Japan
Jordan	2,165	1,749	1,343	1,852	1,334	0,325	0,554	0,254
Kazakhstan	1,650	2,585	6,795	15,453	8,264	0,694	0,739	0,950
Kenya	2,664	3,015				0,223	0,247	0,138
Korea, Dem. Rep.
Korea, Rep.	0,771
Kuwait
Kyrgyz Republic	2,915	3,948	4,445	5,767		0,486	0,600	0,585
Lao PDR
Latvia	3,410	1,949	2,062	3,810	3,611	0,293	0,347	0,389
Lebanon	0,573	0,518	0,746			0,659	0,804	0,944
Lesotho	0,256	0,606				0,220	0,142	0,099
Liberia						0,034	0,005	0,012
Libya
Lithuania	1,629	2,648	1,610	5,080	6,931	0,452	0,583	0,337
Luxembourg
Macedonia, FYR						0,379	0,314	0,247
Madagascar	0,904	0,476	0,646	0,467		0,101	0,070	0,067
Malawi						0,200	0,238	0,311
Malaysia	1,568					0,360	0,418	0,380
Maldives	0,446	0,229	0,219	0,270	0,298	0,136	0,113	0,119
Mali						0,133	0,074	0,107
Malta	0,364	0,606
Mauritania						0,327	0,209	0,173
Mauritius	1,290	2,088	1,361	3,234	1,075	0,247	0,201	0,194
Mexico	5,479	3,992	4,457	6,126		0,351	0,349	0,376
Moldova	1,736	3,050	9,830	6,291	18,279	0,899	0,433	0,439
Mongolia	2,064	0,943	0,720	0,921	0,986	0,161	0,663	0,079
Morocco	1,515	1,215	1,191			0,448	0,409	0,244
Mozambique						0,064	0,069	0,068
Myanmar
Namibia
Nepal						0,095	0,100	0,086
Netherlands
New Zealand
Nicaragua	1,570	1,208				0,144	0,172	0,097
Niger						0,085	0,087	0,105
Nigeria						0,122	0,118	0,150
Norway
Oman	1,540	1,785	1,658	1,255		0,674	0,363	0,229
Pakistan	2,332	1,417	2,131	2,174	3,111	0,258	0,242	0,285
Panama	9,050	2,650	3,347	3,642		1,007	0,432	0,604
Papua New Guinea	5,266	2,292	3,301
Paraguay	0,805	1,029	0,670	1,168	1,774	0,339	0,282	0,333
Peru	2,124	1,326	1,499	1,792	1,886	0,339	0,235	0,221
Philippines		4,449	4,100	4,944	6,848	0,760	0,772	0,813
Poland	0,946	1,416	3,895	4,543	5,415	0,371	0,495	0,781
Portugal
Qatar
Romania	3,390	2,303	3,652	1,700	1,868	0,329	0,278	0,260
Russian Federation		3,586	4,359	2,605	2,626	0,229	0,245	0,203
Rwanda						0,058	0,068	0,063
Samoa
Sao Tome and Principe						0,367	0,373	0,466
Saudi Arabia
Senegal	0,880	0,956	0,621	0,714	0,719	0,268	0,160	0,187
Serbia and Montenegro						0,105	0,173	0,248
Seychelles	0,284	0,270	0,313	0,239		0,406	1,254	0,757
Sierra Leone	0,441	4,745	1,669			0,229	0,179	0,156
Singapore
Slovak Republic	1,413	2,236	2,899	2,765	2,640	0,509	0,431	0,498
Slovenia
Somalia
South Africa	3,680	1,663	2,267	2,574	2,877	0,282	0,163	0,109
Spain
Sri Lanka	0,744	0,714	0,863	0,883	0,933	0,208	0,151	0,153
Sudan		0,678	0,638			0,050	0,084	0,074
Suriname
Swaziland			0,362	0,436		0,080	0,078	0,101
Sweden
Switzerland
Syrian Arab Republic	0,424	0,250	0,279			0,068	0,068	0,065
Tajikistan		5,017	2,983	2,538	3,807	0,720	0,519	0,561
Tanzania						0,059	0,048	0,058
Thailand	0,932	0,981	1,090	2,499	3,973	0,681	0,439	0,295
Togo						0,046	0,047	0,048
Tonga
Trinidad and Tobago						0,165	0,112	0,162
Tunisia	1,175	1,123	1,062	1,315		0,277	0,274	0,316
Turkey	1,837	3,202	3,709	3,488	4,676	0,905	0,761	0,629
Turkmenistan
Uganda		0,349	0,302	0,139	0,088	0,062	0,067	0,068
Ukraine			5,621	6,829	3,223	0,399	0,357	0,329
United Arab Emirates
United Kingdom
United States
Uruguay	2,236	3,260	2,812	4,761	6,484	1,026	0,814	1,025
Uzbekistan						0,355	0,380	0,348
Venezuela, RB	2,925	1,467	1,778	1,354	1,131	0,366	0,681	0,343
Vietnam	0,549	0,681	0,662	0,559	0,457	0,110	0,061	0,052
Yemen, Rep.	0,275	0,305	0,455			0,108	0,099	0,106
Zambia						0,284	0,524	0,319
Zimbabwe	3,901					0,039	0,053	0,129

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Debt service / capital expenditure (DS/CE)