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Debt Explained



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Data

Over 90% of our data is directly obtained from official government agencies and central banks. When this has not been possible we have used data from the CIA, The World Bank or Eurostat. This raw data is then processed through our algorithms which use, amongst other variables, the average 10 year interest rate paid on the debt to accurately calculate the current debt amount at the time you are viewing the debt clock. We believe our calculations are correct working from the data that we have collected.


Exchange Rates

We update our exchange rates hourly using data from the European Central Bank.


External Debt

Coverage of the gross external debt position is, whenever possible, consistent with the IMF’s Dissemination Standards Bulletin Board.


Disclaimer

National Debt Clocks have no secret agenda. We are not affiliated, connected, sponsored or even friendly to any political party, pressure/lobby group, or steering party in the world. Our only aim is to provide clear and up to date information about the ongoing debt crisis.

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