Glossary · from the DESK dictionary
National Debt
The total amount a country's government owes to its domestic and foreign creditors cumulatively, accumulated through repeated budget deficits over time.
In plain words
Typically expressed relative to gross domestic product to assess relative sustainability.
What it means for traders
A fundamental macroeconomic indicator with substantial influence on interest rates and sovereign ratings.
Common pitfalls
Excessively high debt can undermine investor confidence and lead to higher financing costs.
Related terms
Public Debt
From the DESK dictionary. For information only, not investment advice.
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DESK is a research tool and not investment advice. Page generated: 2026-10-12.