There has been a lot of discussion lately on increasing the debt ceiling for government to borrow more money.
WP article on debt ceiling
It was time to check the government throughout the world as to how much debt each country has? A very interesting representation was the "General Government debt as a % of GDP". Once again thanks to Google public data explorer. Though the data representation is upto 2011 only but it gives an insight of the state if debt in various developed / developing countries.
WP article on debt ceiling
It was time to check the government throughout the world as to how much debt each country has? A very interesting representation was the "General Government debt as a % of GDP". Once again thanks to Google public data explorer. Though the data representation is upto 2011 only but it gives an insight of the state if debt in various developed / developing countries.
Another interesting data to explore is the "Government budget balance (revenue - expenses) as % of GDP"
I let the numbers speak for themselves.
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