Economics: Debt to GDP, part 0: a few specifics
Self-tutoring about countries’ balance sheets: the tutor makes a few inquires.
Approx. Debt-to-GDP, %, Dec, 2020
- EU: 91
- France: 116
- Germany: 70
- UK: 95
- US: 128
- Canada: 118
- Australia: 25
- Afghanistan: 8
- Congo: 15
- Venezuela: 350
In my lifetime, some countries’ fortunes have fluctuated: for instance, Venezuela’s Debt-to-GDP was 5.1% in 2016. Canada’s, its seems to me, was in the low forties around 1981.
Different countries’ governments have different expectations placed on them: some run cheaply because they don’t provide the same services others do.
I hope to follow up.
Source:
Jack of Oracle Tutoring by Jack and Diane, Campbell River, BC.
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