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As GDP percentage, only two countries are higher: Italy and Greece (edit: and Japan). Public debt is a significant political talking point in both cases (and e
by myrmidon 7mo ago
As GDP percentage, only two countries are higher: Italy and Greece (edit: and Japan).
Public debt is a significant political talking point in both cases (and even in Germany, with a much lower debt percentage).
The current US administration (and the last republicans in general) did an excellent job in pretending to be the ones fighting public debt when they are actually exacerbating it; I'm curious if there is gonna be a reckoning at some point.
- legitster 7mo agoThat can't be right as Japan's Debt-To-GDP Ratio is almost double the US's.
- myrmidon 7mo agoYou are absolutely right. I did not realize that my dataset was missing most of Asia/Africa. Japan ist at ~230%, but interestingly decreasing pretty quickly (decreased their debth from almost 260% GDP in 2020). I have sadly no idea how much focus this gets in japanese politics, would be very curious if anyone knows.