Total Debt in Selected Countries Around the World | Global Finance

Total Debt in Selected Countries Around the WorldA country’s “total debt” includes government debt as well as the debt of financial institutions, non-financial businesses and households. For the 10 largest mature economies Australia, Canada, France, Germany, Italy, Japan, Spain, South Korea, UK and US, total debt stood at nearly 350% of GDP in 2011. If one considers the economies of the PIIGS countries Portugal, Ireland, Italy, Spain and Greece, those worst hit by the debt crisis in Europe, total debt was almost 400% of GDP. Asset-backed securities are not included in data from McKinsey since underlying mortgages and other loans are already included and therefore it would reflect a duplication within the data, according to McKinsey. Other data sources, including the FT, The Economist and Morgan Stanley, do include ABS in total debt figures. By Valentina Pasquali and Tina Aridas. Project Coordinators: Denise Bedell and Alessandro Magno Including asset backed securities ABS US total debt would equal 350%-360%. Asset-backed securities are removed from McKinsey data since underlying mortgages and other loans are already included, so it would reflect a duplication within the data, according to McKinsey. Other data sources, including the FT, The Economist and Morgan Stanley, do include ABS in total debt figures.Total Debt in Selected Countries around the World, latest data available, as percent of GDP, by sector Click on the column heading to sort the table.

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