List of countries by public debt: http://en.wikipedia.org/wiki/List_of_countries_by_public_debt Explanation of "Debt to GDP ratio": http://en.wikipedia.org/wiki/Debt-to-GDP_ratio It seems, after Greece, that Italy and Belgium will be the next two countries in Europe with debt problems...
LOL, thank for the "explanation", but it's all wrong. Those data are outdated. Italy is at 115%, USA is around 100%, and most of the formerly virtuous countries are also nearing 100% And public debt alone is not significant, you have to consider aggregate debt (private+public). USA aggregate debt to GDP is a huge 360%. Italy has one of the lowest private debt in the world, italian people are savers. Read this: ECB december bullettin, page 90 http://www.ecb.int/pub/pdf/mobu/mb200912en.pdf Significant increase in risks to the sustainability of public finances in the euro area The results of grouping the euro area countries into risk categories show that half of the 16 euro area countries are assessed as high risk in terms of the sustainability of their public finances, namely Ireland, Greece, Spain, Cyprus, Malta, the Netherlands, Slovenia and Slovakia (see table below). Belgium, Germany, France, Italy, Luxembourg, Austria and Portugal are assessed as medium risk, while Finland is the only euro area country that is assessed as low risk.
I look at debt per person and average wage. Recently I calculated something costed each US Citizen about $4,500 and I think that was the bailout. If you consider many people don't pay taxes, that means those of us who do pay taxes has to pay our $4,500 plus our share of all the elderly, women and children who do not pay taxes. So tripple that number. That would have bought a nice muscle car back in the day. So next time you want a new muscle car, thank the largest insurance fraud in the history of the planet which was perpetrated by organized crime who infiltrated our government. Factor in illegitimate war and there goes your second next desire to own a new muscle car. We have left future generations mountains of debt; something we have strived all our lives to teach them is wrong.
I would like to see total debt (Corporate, Financial, Personal, All levels of gov't) to gdp - I've looked online and can't find anything to that effect. I do know that US total debt to gdp is probably around 370% right now. The alarming thing is that for the past thirty years, total debt grew disproportionately higher than gdp grew - much higher and consistently so - parabolically so. What does that mean for future gdp growth as we and other nations cut back deficit spending and/or deleverage?
this is old, but better then nothing: sectorial contribution to debt http://www.ft.com/cms/s/0/a09b317e-898d-11dd-8371-0000779fd18c.html?nclick_check=1