4 ms·

You’re incorrect about what that figure is. https://tradingeconomics.com/norway/households-debt-to-income https://tradingeconomics.com/norway/households-debt-t

You’re incorrect about what that figure is. https://tradingeconomics.com/norway/households-debt-to-income https://tradingeconomics.com/norway/households-debt-to-incom... That means for every 100 units of annual income, Norwegians owe 210 units in total debt. (Not total debt service payments [a flow, with unit of kr/yr], but total debt [a stock, with unit of kr].)

incomingpain 3y ago
>You’re incorrect about what that figure is. Why then would all these countries, as websites such as your source be calculating such a useless indicator? If I am incorrect?
- sokoloff 3y ago
  It's not a useless measure. Normalizing total debt against total income is a sensible way to compare countries to another. It's just not a measure that is a unitless ratio of two measures with the same units. (The unit is years [of income to payoff the debt if no further interest accrued].)
  - incomingpain 2y ago
    >It's not a useless measure. Thanks for confirming that. I'll return to my original post then.