What is the debt-to-GDP ratio in 2010?
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What is the debt-to-GDP ratio in 2010?
90%
Debt by Year, Compared to Nominal GDP and Events
| End of Fiscal Year | Debt (in billions, rounded) | Debt-to-GDP Ratio |
|---|---|---|
| 2010 | $13,562 | 90% |
| 2011 | $14,790 | 95% |
| 2012 | $16,066 | 99% |
| 2013 | $16,738 | 99% |
What is the current debt-to-GDP ratio 2020?
around 134.24 percent
In 2020, the national debt of the United States was at around 134.24 percent of the gross domestic product.
Who has the highest GDP to debt ratio?
Japan, with its population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP, followed by Greece at 181.78%. Japan’s national debt currently sits at ¥1,028 trillion ($9.087 trillion USD).
What percentage of Japan’s GDP was public debt in 2012?
The Survey points out that Japan’s gross public debt reached 220% of GDP in 2012 – the highest level ever recorded in the OECD area – while the budget deficit is hovering around 10% of GDP.
Is US debt greater than GDP?
Government Debt to GDP in the United States averaged 64.54 percent of GDP from 1940 until 2021, reaching an all time high of 137.20 percent of GDP in 2021 and a record low of 31.80 percent of GDP in 1981.
Why is Japan debt to GDP so high?
With the breakdown of the economic bubble came a decrease in annual revenue. As a result, the amount of national bonds issued increased quickly. Most of the national bonds had a fixed interest rate, so the debt to GDP ratio increased as a consequence of the decrease in nominal GDP growth due to deflation.
Which country isn’t in debt?
There are countries such as Jersey and Guernsey which have no national debt, so the pay no interest. All this started with the Napoleonic wars when the government borrowed money to fund the war.
Why is Japan’s public debt so high?
