The World Bank’s Development Prospects Group has constructed a comprehensive cross-country database of fiscal space. The database covers up to 200 countries over the period 1990-2016, and includes 28 indicators of fiscal space grouped into four categories:
- Government debt sustainability
- Balance sheet composition
- External and private sector debt
- Market access
The working paper, prepared by M. Ayhan Kose, Sergio Kurlat, Franziska Ohnsorge, and Naotaka Sugawara, provides detailed information on the database and shows potential applications of the database by analyzing developments across three time frames: over the past quarter century, during financial crises, and during oil price plunges.
Data Table and Download