財政・公的債務リスク指数
Expert-weighted geometric mean of the six fiscal sub-indices and the MAC external vulnerability sub-index, each on 0–10 and floored at 0.1 before aggregation.
geometric
expert weights · floor 0.1 where geometric
1,000 draws
normalisation, weights, aggregation
7 components
27 leaf indicators
71% minimum
modelled share ≤ 20%
From indicators to the composite
One domain view of sovereign fiscal risk that partly penalises weakness in any pillar; the sub-indices stay visible beside it. It is not a debt-distress rating and never replaces the published LIC-DSF or SRDSF signals.
- 一般政府総債務(GDP 比)Indicator · IND · %All liabilities of general government that require future payment of interest or principal (debt securities, loans, other accounts payable and similar instruments), at nominal or face value, as a percentage of GDP.
- 一般政府純債務(GDP 比)Indicator · IND · %Gross general government debt minus financial assets held in the form of the same debt instruments, as a percentage of GDP.
- 公的対外債務の現在価値(GDP 比)Indicator · IND · %Present value of public and publicly guaranteed external debt, discounted at the LIC-DSF unified discount rate, as a percentage of GDP.
- 公的対外債務の現在価値(輸出比)Indicator · IND · %Present value of public and publicly guaranteed external debt as a percentage of exports of goods and services.
- 公的総資金調達ニーズ(GDP 比)Indicator · IND · %General government overall deficit plus amortisation of debt falling due in the year (including short-term debt), as a percentage of GDP.
- 公的対外債務返済(歳入比)Indicator · IND · %Principal and interest paid on public and publicly guaranteed external debt in the year as a percentage of general government revenue excluding grants.
- 公的対外債務返済(輸出比)Indicator · IND · %Principal and interest paid on public and publicly guaranteed external debt in the year as a percentage of exports of goods, services and primary income.
- ベンチマークに対するソブリン債スプレッドIndicator · IND · %Yield spread of the sovereign’s foreign-currency bonds over US Treasury (or Bund) securities of matched duration, in percentage points, period average.
- 一般政府債務に占める外貨建ての割合Indicator · IND · %Share of general government debt denominated in, or indexed to, a foreign currency, at end of period.
- 一般政府債務に占める短期債務の割合(残存期間)Indicator · IND · %Share of general government debt falling due within twelve months, by residual maturity, at end of period.
- 一般政府債務の非居住者保有Indicator · IND · %Share of general government debt held by non-resident creditors (official and private), at end of period.
- 一般政府債務の平均残存期間Indicator · IND · aWeighted average residual maturity of general government debt principal, in years, at end of period.
- 公的対外債務に占める譲許的債務の割合Indicator · IND · %Share of public and publicly guaranteed external debt contracted on concessional terms (grant element of at least 35%), at end of period.
- 硬直的支出(歳入比)Indicator · IND · %Compensation of employees, interest and social benefits (GFSM 2014 items 21, 24 and 27) together as a percentage of general government revenue.
- 利払い(歳入比)Indicator · IND · %General government interest payments (GFSM 2014 item 24) as a percentage of general government revenue.
- 一般政府歳入(GDP 比)Indicator · IND · %Total general government revenue as a percentage of GDP.
- 天然資源収入(一般政府歳入に占める割合)Indicator · IND · %Revenue from oil, gas and mining (royalties, resource taxes, profit transfers from state resource companies) as a percentage of total general government revenue.
- 一般政府の総合収支(GDP 比)Indicator · IND · %General government revenue minus total expenditure (net lending or net borrowing, GFSM 2014) in the year, as a percentage of GDP.
- 一般政府のプライマリー・バランス(GDP 比)Indicator · IND · %Overall general government balance excluding net interest payments, as a percentage of GDP.
- Interest-rate-growth differential (r – g)Indicator · IND · %Effective real interest rate on general government debt (interest paid over the previous year’s debt stock, deflated by the GDP deflator) minus real GDP growth, three-year average, in percentage points.
- 非金融公的企業の債務(GDP 比)Indicator · IND · %Gross debt of non-financial public corporations (state-owned enterprises outside general government) as a percentage of GDP, where reported.
- 政府保証残高(GDP 比)Indicator · IND · %Stock of explicit one-off loan guarantees issued by general government (including public-private partnership guarantees) outstanding at end of period, as a percentage of GDP.
- 災害による年間予想財政コスト(GDP 比)Indicator · IND · %Modelled average annual cost to the budget of disaster relief, reconstruction of public assets and revenue loss, net of pre-arranged risk financing, as a percentage of GDP.
- 経常収支(GDP 比)Indicator · IND · %Balance of trade in goods and services, primary and secondary income, as a percentage of GDP (BPM6).
- 外貨準備(輸入月数)Indicator · IND · moGross international reserves (including gold) divided by the monthly value of imports of goods and services.
- 短期対外債務(外貨準備比)Indicator · IND · %External debt with original maturity of one year or less as a percentage of gross international reserves.
- 対外債務残高(GNI 比)Indicator · IND · %Total external debt owed to non-residents (public, publicly guaranteed, private non-guaranteed, IMF credit and short-term) as a percentage of GNI.
- Public debt burden sub-indexSub-index · SUB · w 2 · 22.2%Composite of gross and net general government debt and the present value of public external debt to GDP and to exports.
- Financing pressure sub-indexSub-index · SUB · w 2 · 22.2%Composite of gross financing needs, public external debt service to revenue and to exports, and the sovereign bond spread.
- Debt composition risk sub-indexSub-index · SUB · w 1.5 · 16.7%Composite of the foreign-currency share, short-term share, non-resident holdings, average maturity and concessional share of public debt.
- Budget rigidity and revenue weakness sub-indexSub-index · SUB · w 1 · 11.1%Composite of rigid expenditure to revenue, interest to revenue, revenue to GDP and resource-revenue dependence.
- Fiscal position sub-indexSub-index · SUB · w 1 · 11.1%Composite of the overall balance, the primary balance and the interest-rate-growth differential.
- Contingent liability sub-indexSub-index · SUB · w 1 · 11.1%Composite of state-owned-enterprise debt, outstanding guarantees and the expected annual fiscal cost of disasters.
- External vulnerability sub-indexSub-index · SUB · w 0.5 · 5.6%Composite of current-account balance, reserve cover, short-term debt to reserves and external debt.
- 財政・公的債務リスク指数Domain index · IDX · geometricExpert-weighted geometric mean of the six fiscal sub-indices and the MAC external vulnerability sub-index, each on 0–10 and floored at 0.1 before aggregation.
- マクロ金融と構造の脆弱性Pillar · PILLAR · 5 indicesHow much fiscal, financial, external, digital and technological room does the system have before stress turns into crisis?
- NXS-GRX (canonical data, provenance and risk) Composite RiskComposite · COMPOSITE · four pillarsComposite = (HTE × VUL × MSF × LCC)^(1/4), each pillar on 0–10 floored at 0.1; pillar = expert-weighted geometric mean of its domain indices
Run this index’s own aggregation
Set each component, change the aggregation or the weight uncertainty, and watch the interval, the class probability and each component’s contribution respond.
Treatment, normalisation, weighting, aggregation, uncertainty
- Treatment
- NONE
- Outlier rule
- |skew| > 2, kurtosis > 3.5
- Normalisation
- IDENTITY
- Imputation
- NONE
- Coverage minimum
- 71% of components
- Modelled share cap
- 20% of weight
- Weighting
- 専門家
- Aggregation
- geometric
- Scale
- 0 to 10
- 不確実性
- 1,000 Monte Carlo runs over normalisation, weights, aggregation
- Framework basis
- OECD/JRC Handbook (2008); JRC COIN 10-step guide; INFORM geometric aggregation; IMF SRDSF and IMF/WB LIC-DSF (pillar structure only)
7 components, 27 indicators
Public debt burden sub-index w 2
Composite of gross and net general government debt and the present value of public external debt to GDP and to exports.
| 指標 | 単位 | エビデンス | 出典 | 割合 |
|---|---|---|---|---|
一般政府総債務(GDP 比)IND.FIS.debt.gross_debt.gdp | % | Class A | imf-weo, imf-gdd, wb-qpsd | 37.5% |
一般政府純債務(GDP 比)IND.FIS.debt.net_debt.gdp | % | Class B | imf-weo | 12.5% |
公的対外債務の現在価値(GDP 比)IND.FIS.debt.external_ppg_pv.gdp | % | Class C | imf-wb-lic-dsf, wb-ids | 25.0% |
公的対外債務の現在価値(輸出比)IND.FIS.debt.external_ppg_pv.exports | % | Class C | imf-wb-lic-dsf, wb-ids | 25.0% |
Financing pressure sub-index w 2
Composite of gross financing needs, public external debt service to revenue and to exports, and the sovereign bond spread.
| 指標 | 単位 | エビデンス | 出典 | 割合 |
|---|---|---|---|---|
公的総資金調達ニーズ(GDP 比)IND.FIS.financing.gross_financing_needs.gdp | % | Class C | imf-dsa, imf-fiscal-monitor, national-dmo | 37.5% |
公的対外債務返済(歳入比)IND.FIS.financing.external_ppg_debt_service.revenue | % | Class B | imf-wb-lic-dsf, wb-ids, imf-gfs | 25.0% |
公的対外債務返済(輸出比)IND.FIS.financing.external_ppg_debt_service.exports | % | Class A | wb-ids, wb-wdi | 25.0% |
ベンチマークに対するソブリン債スプレッドIND.FIS.financing.sovereign_spread | % | Class B | jpm-embi:licensed, national-bond-yields, imf-dsa | 12.5% |
Debt composition risk sub-index w 1.5
Composite of the foreign-currency share, short-term share, non-resident holdings, average maturity and concessional share of public debt.
| 指標 | 単位 | エビデンス | 出典 | 割合 |
|---|---|---|---|---|
一般政府債務に占める外貨建ての割合IND.FIS.debt.fx_share | % | Class B | wb-qpsd, national-dmo, imf-dsa | 20.0% |
一般政府債務に占める短期債務の割合(残存期間)IND.FIS.debt.short_term_share | % | Class B | wb-qpsd, national-dmo, imf-dsa | 20.0% |
一般政府債務の非居住者保有IND.FIS.debt.nonresident_share | % | Class C | imf-sovereign-investor-base, wb-qpsd, national-dmo | 20.0% |
一般政府債務の平均残存期間IND.FIS.debt.average_maturity | a | Class B | national-dmo, oecd-sovereign-borrowing, imf-dsa | 20.0% |
公的対外債務に占める譲許的債務の割合IND.FIS.debt.concessional_share | % | Class A | wb-ids | 20.0% |
Budget rigidity and revenue weakness sub-index w 1
Composite of rigid expenditure to revenue, interest to revenue, revenue to GDP and resource-revenue dependence.
| 指標 | 単位 | エビデンス | 出典 | 割合 |
|---|---|---|---|---|
硬直的支出(歳入比)IND.FIS.expenditure.rigid_share.revenue | % | Class B | derived:imf-gfs | 28.6% |
利払い(歳入比)IND.FIS.expenditure.interest.revenue | % | Class A | imf-gfs, imf-weo, wb-wdi | 28.6% |
一般政府歳入(GDP 比)IND.FIS.revenue.total.gdp | % | Class A | imf-weo, imf-gfs, unu-wider-grd | 28.6% |
天然資源収入(一般政府歳入に占める割合)IND.FIS.revenue.resource_revenue_share | % | Class B | unu-wider-grd, imf-gfs, eiti | 14.3% |
Fiscal position sub-index w 1
Composite of the overall balance, the primary balance and the interest-rate-growth differential.
| 指標 | 単位 | エビデンス | 出典 | 割合 |
|---|---|---|---|---|
一般政府の総合収支(GDP 比)IND.FIS.balance.overall_balance.gdp | % | Class A | imf-weo, imf-gfs, wb-wdi | 33.3% |
一般政府のプライマリー・バランス(GDP 比)IND.FIS.balance.primary_balance.gdp | % | Class A | imf-weo, imf-gfs | 33.3% |
Interest-rate-growth differential (r – g)IND.FIS.balance.interest_growth_differential | % | Class C | derived:imf-weo, derived:nis:IND.MAC.output.real_gdp_growth | 33.3% |
Contingent liability sub-index w 1
Composite of state-owned-enterprise debt, outstanding guarantees and the expected annual fiscal cost of disasters.
| 指標 | 単位 | エビデンス | 出典 | 割合 |
|---|---|---|---|---|
非金融公的企業の債務(GDP 比)IND.FIS.contingent.soe_debt.gdp | % | Class C | wb-qpsd, imf-public-sector-balance-sheet, national-soe-reports | 40.0% |
政府保証残高(GDP 比)IND.FIS.contingent.guarantees.gdp | % | Class C | national-fiscal-risk-statements, wb-ppi, imf-dsa | 40.0% |
災害による年間予想財政コスト(GDP 比)IND.FIS.contingent.disaster_fiscal_cost.gdp | % | Class D | undrr-gar-aal, wb-country-climate-development-reports, imf-dsa-climate-annex | 20.0% |
External vulnerability sub-index w 0.5
Composite of current-account balance, reserve cover, short-term debt to reserves and external debt.
| 指標 | 単位 | エビデンス | 出典 | 割合 |
|---|---|---|---|---|
経常収支(GDP 比)IND.MAC.external.current_account.gdp | % | Class A | wb-wdi, imf-weo, imf-bop | 25.0% |
外貨準備(輸入月数)IND.MAC.external.reserves_import_cover | mo | Class A | wb-wdi, imf-irfcl | 25.0% |
短期対外債務(外貨準備比)IND.MAC.external.short_term_debt_to_reserves | % | Class A | wb-ids, wb-wdi | 25.0% |
対外債務残高(GNI 比)IND.MAC.external.external_debt.gni | % | Class A | wb-ids | 25.0% |
Fiscal and public debt
Government revenue, spending, balances, debt stock, composition, financing needs and contingent liabilities.
| Sub-domain | 指標 |
|---|---|
| Fiscal balance | 4 |
| Revenue | 5 |
| Expenditure | 3 |
| Debt stock and composition | 9 |
| Gross financing needs | 5 |
| Contingent liabilities | 3 |
| Debt-carrying capacity | 8 |
Anchor frameworks (pillar structure and definitions only): IMF GFS 2014; IMF/WB LIC-DSF; IMF SRDSF; Sovereign rating fiscal pillar.
All 37 fiscal and public debt indicators
| 指標 | 分野 | Sub-domain | 構成要素 | 単位 | レベル | Crosswalks |
|---|---|---|---|---|---|---|
一般政府の総合収支(GDP 比)IND.FIS.balance.overall_balance.gdp | FIS | Fiscal balance | vulnerability | % | COUNTRY | IMF_WEO GGXCNL_NGDP WB_WDI GC.NLD.TOTL.GD.ZS |
一般政府のプライマリー・バランス(GDP 比)IND.FIS.balance.primary_balance.gdp | FIS | Fiscal balance | vulnerability | % | COUNTRY | IMF_WEO GGXONLB_NGDP |
一般政府の構造的収支(潜在 GDP 比)IND.FIS.balance.structural_balance.potgdp | FIS | Fiscal balance | vulnerability | % | COUNTRY | IMF_WEO GGSB_NPGDP |
Interest-rate-growth differential (r – g)IND.FIS.balance.interest_growth_differential | FIS | Fiscal balance | vulnerability | % | COUNTRY | |
一般政府歳入(名目、米ドル)IND.FIS.revenue.total.usd | FIS | Revenue | context | [USD] | COUNTRY | IMF_GFS 1 |
一般政府歳入(GDP 比)IND.FIS.revenue.total.gdp | FIS | Revenue | coping capacity | % | COUNTRY | IMF_WEO GGR_NGDP SDG 17.1.1 WB_WDI GC.REV.XGRT.GD.ZS |
税収(GDP 比)IND.FIS.revenue.tax.gdp | FIS | Revenue | coping capacity | % | COUNTRY | WB_WDI GC.TAX.TOTL.GD.ZS IMF_GFS 11 |
徴税努力(推計課税能力に対する実績)IND.FIS.revenue.tax_effort | FIS | Revenue | adaptive capacity | 1 | COUNTRY | |
天然資源収入(一般政府歳入に占める割合)IND.FIS.revenue.resource_revenue_share | FIS | Revenue | vulnerability | % | COUNTRY | |
一般政府歳出(GDP 比)IND.FIS.expenditure.total.gdp | FIS | Expenditure | context | % | COUNTRY | IMF_WEO GGX_NGDP WB_WDI GC.XPN.TOTL.GD.ZS |
硬直的支出(歳入比)IND.FIS.expenditure.rigid_share.revenue | FIS | Expenditure | vulnerability | % | COUNTRY | |
利払い(歳入比)IND.FIS.expenditure.interest.revenue | FIS | Expenditure | vulnerability | % | COUNTRY | WB_WDI GC.XPN.INTP.RV.ZS |
一般政府総債務(GDP 比)IND.FIS.debt.gross_debt.gdp | FIS | Debt stock and composition | vulnerability | % | COUNTRY | IMF_WEO GGXWDG_NGDP WB_WDI GC.DOD.TOTL.GD.ZS |
一般政府純債務(GDP 比)IND.FIS.debt.net_debt.gdp | FIS | Debt stock and composition | vulnerability | % | COUNTRY | IMF_WEO GGXWDN_NGDP |
一般政府債務に占める外貨建ての割合IND.FIS.debt.fx_share | FIS | Debt stock and composition | vulnerability | % | COUNTRY | |
一般政府債務に占める短期債務の割合(残存期間)IND.FIS.debt.short_term_share | FIS | Debt stock and composition | vulnerability | % | COUNTRY | |
一般政府債務の平均残存期間IND.FIS.debt.average_maturity | FIS | Debt stock and composition | vulnerability | a | COUNTRY | |
一般政府債務の非居住者保有IND.FIS.debt.nonresident_share | FIS | Debt stock and composition | vulnerability | % | COUNTRY | |
公的対外債務に占める譲許的債務の割合IND.FIS.debt.concessional_share | FIS | Debt stock and composition | vulnerability | % | COUNTRY | WB_WDI DT.DOD.ALLC.ZS |
公的対外債務の現在価値(GDP 比)IND.FIS.debt.external_ppg_pv.gdp | FIS | Debt stock and composition | vulnerability | % | COUNTRY | WB_WDI DT.DOD.PVLX.GN.ZS |
公的対外債務の現在価値(輸出比)IND.FIS.debt.external_ppg_pv.exports | FIS | Debt stock and composition | vulnerability | % | COUNTRY | WB_WDI DT.DOD.PVLX.EX.ZS |
公的総資金調達ニーズ(GDP 比)IND.FIS.financing.gross_financing_needs.gdp | FIS | Gross financing needs | vulnerability | % | COUNTRY | |
公的対外債務返済(歳入比)IND.FIS.financing.external_ppg_debt_service.revenue | FIS | Gross financing needs | vulnerability | % | COUNTRY | |
公的対外債務返済(輸出比)IND.FIS.financing.external_ppg_debt_service.exports | FIS | Gross financing needs | vulnerability | % | COUNTRY | WB_WDI DT.TDS.DPPG.XP.ZS SDG 17.4.1 |
ベンチマークに対するソブリン債スプレッドIND.FIS.financing.sovereign_spread | FIS | Gross financing needs | vulnerability | % | COUNTRY | |
5 年物ソブリン CDS スプレッドIND.FIS.financing.sovereign_cds_5y | FIS | Gross financing needs | vulnerability | % | COUNTRY | |
非金融公的企業の債務(GDP 比)IND.FIS.contingent.soe_debt.gdp | FIS | Contingent liabilities | vulnerability | % | COUNTRY | |
政府保証残高(GDP 比)IND.FIS.contingent.guarantees.gdp | FIS | Contingent liabilities | vulnerability | % | COUNTRY | |
災害による年間予想財政コスト(GDP 比)IND.FIS.contingent.disaster_fiscal_cost.gdp | FIS | Contingent liabilities | vulnerability | % | COUNTRY | |
LIC-DSF 複合指標スコア(公表値、参考)IND.FIS.capacity.lic_dsf_composite_indicator | FIS | Debt-carrying capacity | coping capacity | {score} | COUNTRY | |
LIC-DSF 閾値:対外債務の現在価値の対 GDP 比(参考)IND.FIS.capacity.lic_dsf_threshold.pv_ext_gdp | FIS | Debt-carrying capacity | context | % | COUNTRY | |
LIC-DSF 閾値:対外債務の現在価値の対輸出比(参考)IND.FIS.capacity.lic_dsf_threshold.pv_ext_exports | FIS | Debt-carrying capacity | context | % | COUNTRY | |
LIC-DSF 閾値:対外債務返済の対輸出比(参考)IND.FIS.capacity.lic_dsf_threshold.ds_ext_exports | FIS | Debt-carrying capacity | context | % | COUNTRY | |
LIC-DSF 閾値:対外債務返済の対歳入比(参考)IND.FIS.capacity.lic_dsf_threshold.ds_ext_revenue | FIS | Debt-carrying capacity | context | % | COUNTRY | |
LIC-DSF ベンチマーク:公的債務総額の現在価値の対 GDP 比(参考)IND.FIS.capacity.lic_dsf_threshold.pv_public_gdp | FIS | Debt-carrying capacity | context | % | COUNTRY | |
LIC-DSF 債務危機リスク(公表値、参考)IND.FIS.capacity.lic_dsf_risk_published | FIS | Debt-carrying capacity | context | {class} | COUNTRY | |
SRDSF ソブリン・ストレスの総合リスク(公表値、参考)IND.FIS.capacity.srdsf_risk_published | FIS | Debt-carrying capacity | context | {class} | COUNTRY |
Fiscal and public debt risk index, world
The world reading of this index, every country as a tile and the largest movements since the previous edition.
- 前回の版
- –
- Range since 2016
- –
- 結合総合
- –
- 結合スコア S
- –
- パルス、直近 1 週間
- –
- Outlook, 12 months
- –
- 手法
- Indicator Standard 1.0 · NXS-GRX 2026
- 抽出
- 1,000
公開済みの値はまだありません。最初の版で、区間の帯と区分の境界とともに履歴がここに描かれます。
Country values
- タイル
/api/v1/public/grix/risk-products/tiles/fis/{z}/{x}/{y}.mvt- 観測キー
nis:IDX.FIS.debt.fiscal_risk:{ISO3}:{YEAR}:A
Series that read this index
Crosswalks and validity checks
Crosswalks map leaf indicators to source code lists; established indices are used for validity checks, never re-weighted as inputs.
| Code system | Leaf indicators mapped |
|---|---|
WB_WDI | 12 |
IMF_WEO | 6 |
SDG | 2 |
Platforms, standards and ways to take part
Field and service platforms of GCRI, GRF and GRA, the Nexus Risk Standards for this domain, learning, working groups and open calls. Every link is a live page.
引用と再利用
See this index in every country profile
Each profile shows this index with its interval and class once released.
ステータス
The Global Risks Index の手法、構造、定義は準備段階の作業草案(2026 年)であり、レビューと意見募集のために配布されているもので、実施を目的としたものではありません。管理されたエビデンスの区切りから版が公表されるまで、値は一切表示されません。公表後の値には、区間、区分、出典、訂正の経路が付されます。シミュレーターは、公表された手法をあなたが選んだ数値で実行するものであり、NXS-GRX の値を表示することはありません。
NXS-GRX ではないもの
NXS-GRX は研究およびリスク分析の情報です。信用格付や ESG 格付ではなく、格付尺度を用いず、金融商品のベンチマークでも、公的統計でも、緊急警報や公式分類でも、助言でもありません。自然人の評価に用いてはなりません。リスククラスは公開された尺度上の区分であり、国や人の順位付けではありません。
機関と情報源
The Nexus Consortium is stewarded by three independent not-for-profit institutions: The Global Centre for Risk and Innovation (GCRI), through GCRI US in Washington, DC and GCRI Canada in Ontario, with GCRI Canada as Lead Institution, Consortium Secretariat and lead contracting organisation; The Global Risks Forum (GRF); and The Global Risks Alliance (GRA). Technology, infrastructure and service providers work with the Consortium at arm’s length under written agreements, like every other external party in the public-private-planet model, and hold no role in its stewardship.
すべての値には情報源の帰属表示が付され、情報源はそれぞれ独自のライセンスを保持します。外部の名称は相互運用性のためにのみ引用しています。Nexus が執筆したテキストは、公開時に CC BY 4.0 とする予定です。
Avis en français
La méthodologie et les définitions du NXS-GRX sont un projet de travail préparatoire (2026). Le NXS-GRX est une information de recherche et d’analyse des risques : ni notation, ni indice de référence financier, ni statistique officielle, ni alerte, ni conseil. Les classes de risque sont des bandes sur une échelle publiée, non des classements.