The debt to GDP ratio is also not that interesting. What matters most is the market value of the debt, which includes risk and interest rate. This is why countr

The debt to GDP ratio is also not that interesting. What matters most is the market value of the debt, which includes risk and interest rate. This is why countries are (very slowly) moving to IPSAS, a newer accounting standard. This is because you can sell 10T of "good" debt for 5T of "bad" debt on the open market - the percent of GDP alone means little. See for example about Greece: https://www.ft.com/content/71e828b3-4da1-3b3d-a7ca-073337fa6a10 https://www.ft.com/content/71e828b3-4da1-3b3d-a7ca-073337fa6...