Highest External Debt To GDP By Country 2021

Highest External Debt To GDP By Country 2021 debt government debt debt to GDP ratio highest external debt to GDP by country 2021 economy GDP highest external debt to GDP by country highest external debt to GDP external debt to GDP national debt external debt to GDP by country debt to GDP by country 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 is 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. It should not be confused with a deficit-to-GDP ratio, which, for countries running budget deficits, measures a country’s annual net fiscal loss in a given year (total expenditures minus total revenue, or the net change in debt per annum) as a percentage share of that country’s GDP; for countries running budget surpluses, a surplus-to-GDP ratio measures a country’s annual net fiscal gain as a share of that country’s GDP. At the end of the 1st quarter of 2021, the United States’ public debt-to-GDP ratio was 127.5%. According to the IMF World Economic Outlook Database (April 2021), the level of Gross Government debt-to-GDP ratio in Canada was 116.3%, China at 66.8%, India at 89.6%, Germany at 70.3%, France at 115.2%, and United States 132.8%. Two-thirds of US public debt is owned by US citizens, banks, corporations, and the Federal Reserve Bank; approximately one-third of US public debt is held by foreign countries – particularly China and Japan. In comparison, less than 5% of Italian and Japanese public debt is held by foreign countries. 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. Animated Statistics, Statistics, Stats, Racing Bar Chart, Charts, Rankings, Bar Chart Race Subscribe and hit the Bell to see new videos: Created via: source: If you enjoy the video, please leave a comment below, click the like button, And make sure to subscribe to the channel! Disclaimer: All the music and pictures used in this video are owned by their respected owners and not me and also the data represented in this video is collected and verified by various internet resources. This channel is not liable for any information provided in this video. #GDP #Debt #Percent