Division by GDP is not always informative. Debt is a stock variable and GDP (ie income) is a flow variable. A good analogy is household finance. Most people wi

Division by GDP is not always informative. Debt is a stock variable and GDP (ie income) is a flow variable. A good analogy is household finance. Most people with mortgage will have a debt to gdp (ie annual income) ratio that would be 3 or 4x. But it is meaningless. What is relevant here is interest payable to income ratio. For example, a slightly dated estimate of the “net worth” of the US: https://en.m.wikipedia.org/wiki/Financial_position_of_the_United_States https://en.m.wikipedia.org/wiki/Financial_position_of_the_Un...