World - Government debt as share of GDP in last 10 years

World - Government debt as share of GDP in last 10 years

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Gross domestic product is a monetary measure of the market value of all the final goods and services produced in a period (quarterly or yearly) of time.

World - Government debt as share of GDP in last 10 years :

United States - 2008 : 73.7% / 2018 : 108%

France  - 2008 : 68.7% / 2018: 96.3%

United Kingdom - 2008 : 49.9% / 2018: 86.3%

China - 2008 : 27% / 2018: 51.2%

India - 2008 : 74.5% / 2018: 68.9%

Japan - 2008 183% / 2018: 236%

Germany - 2008 : 65.1% / 2018: 59.8%

Debt-to-GDP ratio :

In economics, the debt-to-GDP ratio is the ratio between a country's government debt (measured in units of currency) and its gross domestic product (GDP) (measured in units of currency per year). A low debt-to-GDP ratio indicates an economy that produces and sells goods and services sufficient to pay back debts without incurring further debt.

Geopolitical and economic considerations – including interest rates, war, recessions, and other variables – influence the borrowing practices of a nation and the choice to incur further debt.

Particularly in macroeconomics, various debt-to-GDP ratios can be calculated. The most commonly used ratio is the government debt divided by the gross domestic product (GDP), which reflects the government's finances, while another common ratio is the total debt to GDP, which reflects the finances of the nation as a whole.

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World - Government debt as share of GDP in last 10 years