The numbers are thrown around with nobody really understanding what they mean. China have a collective debt to GDP ratio of 255%, which means all persons, corpo

The numbers are thrown around with nobody really understanding what they mean. China have a collective debt to GDP ratio of 255%, which means all persons, corporations, local government, and central government have a debt that collectively sum up to 2.5 times the GDP. The Central government itself have debt amounting to 47.6% of GDP. Meanwhile, US federal government have debt approaching 100% of American GDP, and guess what? Private people and corporations in US hold more debt, I have yet to find a comprehensive collective debt to economy ratio for the US, and I would very much appreciate that number since we can then compare apple to apple. Also, honorary mention to Japan, whose public government debt exceeded 200% of their economy.