Source: World Bank
Release: World Development Indicators
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.
Nations that are included in this data series are listed at https://datahelpdesk.worldbank.org/knowledgebase/articles/906519
Source Indicator: GC.DOD.TOTL.GD.ZS
World Bank, Central government debt, total (% of GDP) for the European Union [GCDODTOTLGDZSEUU], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GCDODTOTLGDZSEUU, September 27, 2022.