Bond Market Data
Size of FCY Bond Market in % of GDP
Data vary across markets. For details download spreadsheet.
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Foreign Currency Bonds to GDP Ratio
| FCY bonds to GDP ratio = | Total amount of FCY bonds outstanding |
| Annualized Nominal GDP |
This indicator shows the size of foreign currency (FCY) bond obligations issued by residents (government and corporate issuers) relative to a market's nominal GDP. As nominal GDP is a broad proxy for the size of an economy, the ratio is a useful reference for cross-market comparison.
A high FCY bonds-to-GDP ratio suggests extensive reliance on foreign debt contracts.
Bonds are defined as long-term bonds and notes, treasury bills, commercial paper, and other short-term notes.
Data available:
Annual to Dec 2003. Quarterly thereafter.
Note on the Data:
1. The total amount of FCY bonds outstanding is from the Bank for International Settlements’ (BIS) International Financial Statistics (Securities Statistics, foreign currency portion of Table 11).
2. Nominal GDP is from the CEIC Data Company Ltd. End-of-period rates are from Bloomberg, LP.
2. Nominal GDP is from the CEIC Data Company Ltd. End-of-period rates are from Bloomberg, LP.