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However, the national debt must be evaluated in an appropriate manner, such as comparing the amount of interest expense paid to other governmental expenditures or by comparing debt levels on a per capita basis.
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An easy way to compare debt levels across different countries is to express debt as a percentage of total economic output, or GDP, which is why you'll hear commentators regularly talk about the debt-to-GDP ratio.
An easy way to compare debt levels across different countries is to express debt as a percentage of total economic output, or GDP, which is why you'll hear commentators talk about the debt-to-GDP ratio.
The maps below compare debt levels in 1932 and 2009.
Moreover, GDP is typically used as a metric by economists to compare national debt levels among countries.
The authors compared the debt levels reported by participants in that survey with data that lenders reported to the Equifax credit bureau.
It begins by comparing the recent evolution of debt levels in ten big rich economies and four large emerging ones.
Comparing the national debt level to GDP is akin to a person comparing the amount of their personal debt in relation to the value of the goods or services that they produce for their employer in a given year.
Households are burdened by rising debt levels.
"The industry is characterised by amazing debt levels," says Clarke.
Today, states are burdened by mounting debt levels.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com