China Debt To Gdp Chart







Compared to most other countries, the US has the lowest personal savings rate in the world. stood at only 16% of GDP at the end of 2016. Comparing a country’s debt to its GDP makes no sense in terms of measuring debt loan unless the country plans on raising its tax rate to 100 percent. China’s GDP Miss Sends Ripples Worldwide. 3 largest economics in world as debt to thin air. These time-series data show the difference between the credit-to-GDP ratio and its long-run trend, which can serve as an early warning indicator of financial crises. When it comes to the debt, the GOP is the party of zombies. In fact, part of the reason for the flattening of non-financial corporate debt in recent years in Figure 11 may reflect swaps of uncollectible coal mine debt for equity, removing part of. Asia as a whole will account for 63% of all global GDP growth (PPP) this year, with the lion’s share going to China. Excessive domestic debt burden still worsening The domestic debt of the NFS represents a problem in terms of level, dynamics as well as quality. In today’s chart, we look at various estimates to the size of China’s debt bomb, its payload, and what might spark the fuse. Though it’s equal in nominal terms, as you see from the chart below, since China’s economy is growing 3x faster and the debt is entirely domestic and the asset to debt ratio is 4. 60 percent in 2017 and a record low of 20. Although China’s GDP growth has gradually slowed since 2012, as needed for a transition to more balanced and sustainable growth, it is still relatively high by current global standards. Treasuries. 46 trillion total US Debt (federal $21. However, most of that debt is owed by local government. Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. This means that China's overall debt-to-GDP ratio is continuing its steady upward march (see chart). China’s GDP growth rates remain at historically low levels and, in May, China experienced the slowest year-over-year growth in retail spending in fifteen years. Chart 2 showed that private debt to GDP in major economies has been growing rapidly since World War II. Eight countries in danger of falling into China's "debt trap" By Tim Fernholz March 7, 2018 Last year, with more than $1 billion in debt to China, Sri Lanka handed over a port to companies. China: The debt pile seems rather scary for China but the size of its economy and population is not to be underestimated. Global Banking System Exposure to the Greek Sovereign Debt Crisis. 2% ratio of net corporate debt to GDP. Aggregates are based on constant 2010 U. According to the OECD, general government gross debt (federal, state, and local) in the United States in the fourth quarter of 2015 was $22. Jun 28, 2017 · China's debt surpasses 300 percent of GDP, IIF says, raising doubts over Yellen's crisis remarks "The household debt-to-GDP ratio hit an all-time high of over 45 percent in the first. In scaling the debt by GDP, the resulting ratio accounts for the fact that a larger economy may more easily sustain a larger debt. Gross Domestic Product for Guam, 2018 The estimates of GDP for Guam show that real GDP—GDP adjusted to remove price changes—decreased 0. Households account for about half of savings, with corporations and the government making up the rest. In other words, during this single presidential term, the TOTAL OF ALL DEBT ACCUMULATED THROUGHOUT THE ENTIRE HISTORY OF OUR NATION , was INCREASED BY OVER 65%, adding over 5. Comment and engage with experts. APP點子有最夯debt to gdp ratio calculation介紹以及Credit Card Payoff Calculator 66筆1頁,debt ratio 公式在線討論,The debt to GDP ratio is how much debt a country has incurred as a percentage of its total economic output as measured by GDP. 1%, which means that the country's national debt of US$11. To doomsayers, China's $34 trillion pile of public and private debt is an explosive threat to the global economy. Read more about Indian states' fiscal battle amid economic slowdown: Explained in 8 charts on Business Standard. China recorded a government debt equivalent to 47. Central banks at this point are stuck in a rut. Chart, Diagram Description: Saving Rate vs Debt. 3 trillion (A$12. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Lastly, China’s already high investment levels of around 50% of GDP will be difficult to sustain in light of total debt having reached 237% of GDP (Q1 2016), up from 148% at the end of 2007. 8 percent in April-June from a year earlier, cooling from the previous quarter's robust 6. A common way of looking at a country's national debt as a ratio to it's GDP. It's just a number that without knowing the details has no value. Numbers are given as a percentage of GDP, so if a country has a GDP of £100 billion and a gross debt of £110 billion, it has a debt-to-GDP ratio of 110%. The debt-to-GDP ratio compares a country's sovereign debt to its total economic output for the year. 1 in 1977 where it remains today. 33 percent from 1980 until 2018, reaching an all time high of 100. You can right click on the chart image to copy and paste it into your own content. Download Historical Data of China Government debt to gdp. 0 % in Dec 2014. Chart 10 cont. Deficit Trends. So the US alone is a big chunk of the $230 trillion in total global debt outstanding. "Net lending" means that government has a surplus, and is providing financial resources to other sectors, while "net borrowing" means that government has a deficit, and requires financial resources. com) is a group of companies in the physical precious metals business, focusing on the supply and physical delivery of investment grade precious metals directly to customers. 0 % of the country's Nominal GDP in 2017, compared with the ratio of 12. Gross Domestic Product. 18 Billion US Defaults in January itself, if there was 18 Billion of defaults in the US in one month, it would mean Armageddon is coming. , Canada,France, the UK and Australia. We've also included some color from the Fund's debt sustainability analysis. Economic growth is the increase in value of the goods and services produced by an economy. 4% recorded in the first quarter of 2019. CEIC calculates Government Debt as %. 55T, up from 21. Chart 4 shows how much the accumulation of debt in the Western countries exceeds the official GDP growth. For comparison, real GDP for the United States (excluding the territories) increased 2. According to analysis from UBS’ Australian economics. Comparing a country’s debt to its GDP makes no sense in terms of measuring debt loan unless the country plans on raising its tax rate to 100 percent. 5 trillion dollars to our nation's crushing debt burden!!!. A 2015 investigation by the Wall Street Journal estimated that China’s local government debt represented a figure equal to 35. 5% of the country’s GDP at a total of 18 trillion Yuan. This chart shows global debt levels cause by direct loans from China (as percentage of GDP) in 2017. 54% of China’s GDP. 10 percent in 1980. CEIC calculates Government Debt as %. In addition, the government has cash savings equivalent to 6% of GDP in the People's Bank of China. web search. Why China Owns So Much US Debt There are two main economic reasons Chinese lenders bought up so many U. Chart: 70 Years of China's Economic Growth. Exports and imports account for 14. dollars, 2010 CHART 1. 47T last month. 33 percent from 1980 until 2018, reaching an all time high of 100. Chart 10 1 “Income” defined as adjusted gross income. 60 percent of the country's Gross Domestic Product in 2017. This interactive map shows historical data and forecast of general government gross debt (as percent of GDP) in each country. Normalizing debt levels by GDP allows it s burden to be assessed in economic terms. With a population of 1. 5% in Italy, according to Eurostat. The Center for Global Development, a non-profit research organization, analyzed debt to China that will be incurred by nations participating in the current Belt and Road investment plan. Since 2004 Turkey has had the common downward trend of general government gross debt to GDP. Chart of the Week: Week 44, 2016: Government Spending on Education v. See how China's GDP has changed since 1980 • Get the data • Explore the China over time. As of Q1 (the first quarter of) 2018, UK debt amounted to £1. This rally is a part of the global rally in government debt as the German 10 year bond yield hit -21 basis points which is its lowest yield in history. Recent Economic Developments Visualized In Graphs. Details may not equal totals due to rounding. The modest decline in the total debt-to-GDP since 2008/2009 is a result of a decrease in household debt relative to the economy, as we discussed here, as well as a decline in financial debt. Households Debt in China increased to 48. Federal Deficits rocketed, from 1. 80 percent. 1 day ago · China will release its third-quarter gross domestic product (GDP) data on Oct 18. However, Turkey has a debt to GDP ratio of only 2. 70 percent in 2018 from 201. Government Debt to GDP in China averaged 30. despite China’s already huge accumulation of debt in previous years. Detailed table of spending data sources here. worldpopulationreview. China The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. The debt to GDP ratio admitted to by the NTMA stood at 68% at the end of 2017. To find the total public debt outstanding on a specific day or days, simply select a single date or date range and click on the 'Find History' button. powered by Microsoft News. Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period. Normalizing debt levels by GDP allows it s burden to be assessed in economic terms. 6%, though twice as large as the US ratio, lands China in only 7th place!. 3% YoY from 2. Debt to GDP Ratio Historical Chart. Private debt, although marginally on the rise, is well below its peak. 20 percent in 1995. I have made a concerted effort to reconstruct more than 200 years of private debt history for the six countries in this chart—China, Japan, Germany, Britain, France, and the United States—because collectively, they have accounted for roughly 50 percent or more of global GDP since the Industrial Revolution. Looking at his graph above , from the peak in public debt/gdp ( and corresponding trough in private debt/gdp -) at ~1945 , public and private debt/gdp were almost exactly offsetting until ~1980 , then both began moving higher in the new “regime” , with only brief periods when they were even close to offsetting each other as they had in the prior 35 years. China Government Debt to GDP | 2019 | Data | Chart Tradingeconomics. Lastly, China’s already high investment levels of around 50% of GDP will be difficult to sustain in light of total debt having reached 237% of GDP (Q1 2016), up from 148% at the end of 2007. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. China’s Growth Miracle: Past, Present, and Future Li Yang1 Over the past 35 years, China has achieved extraordinary economic performance thanks to the market-oriented reforms and opening-up. As of October 2018, it stands at approximately CN¥ 36 trillion ( US$ 5. 1% of GDP, in China 16. China recorded a government debt equivalent to 50. China Debt to GDP Ratio, in figure by the IIF. Today, we offer you a more in-depth look - in charts - at the data behind many of the key points he discussed and look forward to sharing similar briefings in the future. 60 percent of GDP in the fourth quarter of 2018. A2A Have you heard the line before about how a little knowledge is dangerous. Hong Kong SAR, China's household debt accounted for 72. As the economy continues to slow due to its debt bubble impacting growth, it increases the risk that China will actually threaten global growth as it deals with its own debt crisis. China’s debt-to-GDP ratio has risen 54 percentage points in the last five years. Consider what it means when the graph says 100%. 50 percent in 2018 and a record low of 20. 79 percent from 1995 until 2018, reaching an all time high of 212. 7% and in India 61. By the end of 2012, China became the second largest economy by GDP size (nominal and PPP terms) just after the United States; The GDP per capita also reached. In other words, during this single presidential term, the TOTAL OF ALL DEBT ACCUMULATED THROUGHOUT THE ENTIRE HISTORY OF OUR NATION , was INCREASED BY OVER 65%, adding over 5. External debt has declined to a low 12% of GDP (including both foreign-currency and RMB-denominated debt). 53% (New York), 23. 0 MB) To download the Historical Tables Introductory Text and Section notes as a PDF, click here (23 pages, 826 KB. According to the OECD, general government gross debt (federal, state, and local) in the United States in the fourth quarter of 2015 was $22. To download the Historical Tables as a PDF, click here (347 pages, 3. BEIJING: A Chinese Foreign Ministry spokesperson Lu Kang said, the China-Pakistan Economic Corridor contributed 2. 0 per cent forecast in the previous survey. The $74 Trillion Global Economy in One Chart. 21 percent with a minumum of 10. Year to year changes in the nominal level of output or income of an economy are affected by a combination of forces: real growth, price inflation, and exchange rates. Why China Owns So Much US Debt There are two main economic reasons Chinese lenders bought up so many U. 1% of GDP, in China 16. The problem, though, is that nominal GDP growth has fallen much lower, to 6. 84 trillion. Government started Jan. 18 Billion US Defaults in January itself, if there was 18 Billion of defaults in the US in one month, it would mean Armageddon is coming. 17 trillion, followed by Japan with US$9. debt by year is compared to GDP and national events since 1929. China's government debt to GDP ratio data is updated yearly, available from Dec 2012 to Dec 2012. The first and most important is that China wants its own currency, the yuan. 8:1, the burden is much, much. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Percentage of Public Debt in GDP Around the World. China's GDP is roughly 11 trillion US dollars. An official at the agency said the high debt levels could hamper countries. China has had a remarkable period of rapid growth shifting from a centrally planned to a market based economy. Hong Kong SAR, China's household debt to GDP ratio is updated yearly, available from Dec 1982 to Dec 2018. Although China’s GDP growth has gradually slowed since 2012, as needed for a transition to more balanced and sustainable growth, it is still relatively high by current global standards. The modest decline in the total debt-to-GDP since 2008/2009 is a result of a decrease in household debt relative to the economy, as we discussed here, as well as a decline in financial debt. China government debt to gdp is one of the macroeconomic indicators used by RiskVar to quantify the country's sovereign risk. Chart: 70 Years of China's Economic Growth. 1 Percentage of GDP; F1. 338 trillion nominal GDP. OK, that’s enough on GDP for a while other than to say that the expansion of our economy is critical to our ability to deal with other important fiscal challenges – the cost of social benefits, the deficits, and national debt. 50 percent of GDP in the third quarter of 2018 and a record low of 10. In 2018, China's real GDP change amounted to about 6. China comes in second, with a gross national debt level of US$10. Numbers are given as a percentage of GDP, so if a country has a GDP of £100 billion and a gross debt of £110 billion, it has a debt-to-GDP ratio of 110%. We read every letter, fax, or e-mail we receive, and we will convey your comments to CIA officials outside OPA as appropriate. A 2015 investigation by the Wall Street Journal estimated that China's local government debt represented a figure equal to 35. 5% in 2019 The looming implementation of consumption tax hike will weigh on economic growth. 5% through 2020 to achieve that goal. Four international agencies including WB, EIU, IMF, and UN give forecasts with the GDP Growth declining after 2018. Australia, 41. Chart: 70 Years of China's Economic Growth. 25 trillion for intergovernmental federal debt to count only federal "debt held by the public" gives 96% of GDP. GitHub Gist: instantly share code, notes, and snippets. More worrying than the total debt level is the rapid rise. Private debt is, like agriculture, an incredibly large and competitive environment where supply and demand typically are self-policing and leve. Moreover, it started from an elevated level, increasing the chance of a crisis, according to the IMF. Although China's economy lacks strong momentum, policy loosening in 2019 should deliver annual GDP growth of 6. Fueled by real estate and shadow banking, China's total debt has nearly quadrupled, rising to $28 trillion by mid-2014, from $7 trillion in 2007. 6 percent for 2018. 31 percent from 1940 until 2018, reaching an all time high of 118. This chart shows global debt levels cause by direct loans from China (as percentage of GDP) in 2017. Notes: This interactive graphic displays gross government debt for the globe. China is taking on more debt, but the real concern is the rate at which its companies are borrowing. China’s strong GDP growth continues. FRED: Download, graph, and track economic data. By looking at only publicly held debt, the measure excludes government bonds owned by the government itself, such as those in the Social Security Administration's portfolio. Then it exploded in the aftermath of the Crash of 2008, reaching 102 percent of GDP in 2011. 80 percent of GDP in the second quarter of 2006. Federal debt has breached 100 percent of GDP twice since 1900: during World War II and in the aftermath of the Crash of 2008. Quarterly data on credit-to-GDP gaps covering 44 economies have been updated. 8%, but very few are in the queue to buy that country’s government bonds. The Stock market cap to GDP, Buffet favorites stock warning indicator is at 118% for China. gdp growth gdp growth concept business raise hub air wealth products blockchain profit forex charts country economy growth concepts gdp increase banking industry hd 00:30 Stock market indexes going up, down, financial crisis. While the absolute size of China's debt load is a concern, more worrying is the speed at which it has accumulated — Chinese debt was only 148 per cent of GDP at the end of 2007. 023 trillion U. Debt Economics seeks to understand the current performance of the economy through the ratio of private debt to GDP. Four decades of reform have transformed China from one of the poorest countries in the world to the second largest economy, said the IMF in its latest annual assessment of the economy. The latest GDP numbers from the World Bank were released earlier this month, and today’s visualization from HowMuch. 64 trillion U. Eight nations will find themselves vulnerable to above-average debt: Djibouti, Kyrgyzstan, Laos, the Maldives, Mongolia, Montenegro, Pakistan, and Tajikistan. 00%, a 0% increase from. the most indebted state governments have a debt -to-local GDP of 26. In contrast, the contribution from low income developing countries is barely noticeable. Government Debt to GDP in Canada averaged 78. The current level of the debt to GDP ratio as of June 2019 is 103. The rapidity and size of China's debt boom in the past decade has been almost entirely without precedent. The debt to GDP ratio admitted to by the NTMA stood at 68% at the end of 2017. China's National Government Debt data is updated yearly, available from Dec 2005 to Dec 2018. More worrying than the total debt level is the rapid rise. Click the button at the right of each line of the table to display a bar chart of government spending. 8% after a 4% increase the previous month. May 09, 2016 · (China's debt levels are still not as high as those in the United States, where total credit-to-GDP stands at well over 300 percent. Also, this thirteen-year period saw government debt remained stable twice: in 2008 and 2013. GDP (purchasing power parity) compares the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. What category. 6 % in the previous year. Below's India's GDP growth rate chart for the last 5 years. However, the traditional method calculating GDP breaks down in Ireland. Contents1 What categories of debt to gdp ratio us are there?2 What to do with debt to gdp ratio us?2. 2% despite record margin debt highs. The higher the percentage of doubtful loans is, the lower GDP growth and the higher unemployment are. Chart of the Week: Week 4, 2018: GDP per Hour Worked v. No one disputes the debt amount. F1 Total credit to the non‑financial sector (core debt). Corporations are not ready for the upcoming changes in monetary policy, debt servicing. 3 trillion (A$12. This page provides - China Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Compared to most other countries, the US has the lowest personal savings rate in the world. 5% of the country’s GDP at a total of 18 trillion Yuan. However, the traditional method calculating GDP breaks down in Ireland. An International Monetary Fund report from 2015 stated that China's debt is relatively low, and many economists have dismissed worries over the size of the debt both in its overall size and relative to China's GDP. Also, this thirteen-year period saw government debt remained stable twice: in 2008 and 2013. Everybody is talking about China's massive debt bubble, nowadays. Chinese leaders in 2010 pledged to double China’s GDP by 2020, and the 13th Five Year Plan includes annual economic growth targets of at least 6. Interactive Chart US Monthly GDP is at a current level of 21. 2% ratio of net corporate debt to GDP. For comparison, real GDP for the United States (excluding the territories) increased 2. Federal Deficits rocketed, from 1. China's government debt to GDP ratio data is updated yearly, available from Dec 2012 to Dec 2012. Debt-to-GDP is on the left axis; deficit-or-surplus-to-GDP on the right). Savings Bonds Issues, Redemptions and Maturities by Series (Excel) SBN. China gdp per capita for 2016 was $8,079, a 0. Laptops 2017 - Us Gdp Vs China, Economic news - cnbc, 2:31 am et mon, 3 dec 2018. These are large numbers. 4 % in the previous year. Interactive Chart US Total Debt (DISCONTINUED) is at 328. 3% YoY from 2. It is the amount of national debt of a country as a percentage of its Gross Domestic Product (GDP). Analysts at Morgan Stanley said in a note to clients that China's debt to GDP rose to 276% in the third. China The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. Louis in October 2012. 1 percent in 2014. Numbers are given as a percentage of GDP, so if a country has a GDP of £100 billion and a gross debt of £110 billion, it has a debt-to-GDP ratio of 110%. China continues to enjoy strong growth, and has the potential to sustain this growth momentum over the medium term. Also, while Luxembourg and Qatar have the highest GDP per capita of above $104,000, they have a debt-to-GDP ratio that is less than one-third of that of the United States at 27. government's total debt of just under $20 trillion. Trade (% of GDP) from The World Bank: Data. By 2025, in CBO’s baseline projections, federal debt rises to nearly 79 percent of GDP. Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. The bank bailouts under the TARP program accounted for almost half of the 2009 deficit. Organisation for Economic Co-operation and Development (OECD). China gdp per capita for 2017 was $8,759, a 8. Federal debt has breached 100 percent of GDP twice since 1900: during World War II and in the aftermath of the Crash of 2008. 08 trillion. Yet, rather than list the top countries with the largest national debt by dollar value, a more meaningful metric for analysts is to see how countries rank based on their gross government debt-to-GDP ratio. Contents1 What categories of debt to gdp ratio us are there?2 What to do with debt to gdp ratio us?2. Aggregates are based on constant 2010 U. CHINA PANIC: 250% Debt/GDP And A Staggering $30 Trillion Of Debt 4986 Views June 27, 2018 GOLD , KWN King World News As the world hurtles toward the next crisis, there is now panic in China as now face 250% Debt/GDP and a staggering $30 trillion of debt. The country now accounts for one-third of global growth. 1% of GDP in Germany, 89. Chart of the Week: Week 4, 2018: GDP per Hour Worked v. 5% through 2020 to achieve that goal. 50 percent of GDP in the third quarter of 2018 and a record low of 10. Download image Download data Embed chart. Four international agencies including WB, EIU, IMF, and UN give forecasts with the GDP Growth declining after 2018. Summary: By IMFBlog October 23, 2018 The Millennium Bridge in London, England: governments often don’t include the value of their assets, like bridges and roads, as well as natu. A debt to GDP ratio of 236% may seem high, but it is not the highest that Japan has ever had. Is the National Debt Really Too Big? It does so in the form of a chart that measures the percent of GDP devoted to paying interest on the nation’s debt. The statistic shows the national debt of Japan from 2014 to 2017, with projections up until 2024. It means China is carrying $10 Trillion more in debt with an economy roughly half the size of America’s (and much less efficient & transparent). 6% of GDP Growth over the past 7 years occurred in 2010. 7% the size of the U. RECENTLY UPDATED DATASETS. It's been called a mountain, a horror movie, a bomb and a treadmill to hell. Each year's deficit adds to the national debt. Chart of the Week: Week 4, 2018: GDP per Hour Worked v. What category. America's debt to GDP ratio is 103%. Meanwhile, external debt to China through portfolio holdings is concentrated in developed nations and passes the threshold of 10 percent of GDP for Germany and the Netherlands. DEBT in China is piling up fast. 2 percentage points above the accompanying 33. By Kevin Yao. Also, while Luxembourg and Qatar have the highest GDP per capita of above $104,000, they have a debt-to-GDP ratio that is less than one-third of that of the United States at 27. It uses latest available data and assumes that the fiscal year ends. Chart of the Week Chairman's Blog ERC Events Uncategorized Clash of the Titans Featured 1948 Resources 1959 1958 1957 1956 1955 1954 1953 1952 1951 1950 1949 1947 Tags UK USA China London europe Brexit Unemployment GDP inflation inequality EU Russia debt wages Germany global employment asia Japan government finance. Deficit Trends. Download image Download data Embed chart. This means that China's overall debt-to-GDP ratio is continuing its steady upward march (see chart). On the other end of the scale was Turkmenistan with 1. 46 trillion, state $1. Asia as a whole will account for 63% of all global GDP growth (PPP) this year, with the lion's share going to China. Download Historical Data of China Government debt to gdp. 20 percent in 2011. Then it exploded in the aftermath of the Crash of 2008, reaching 102 percent of GDP in 2011. That's a far higher. 5 percent of the national gross domestic product. 9 trillion) is more than double what it made for the year. The statistic shows the national debt of Japan from 2014 to 2017, with projections up until 2024. 99% of all global debt despite only having about 6% of the world’s economic production. In China, the peak of 10. By 2039, CBO projects, the debt held by the public will increase to 101 percent of GDP and by 2040 to 103 percent GDP. China: National debt from 2014 to 2024 (in billion U. 31 percent from 1940 until 2018, reaching an all time high of 118. com Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. Four decades of reform have transformed China from one of the poorest countries in the world to the second largest economy, said the IMF in its latest annual assessment of the economy. China’s economy is also more than three times greater than that of Germany, and four and a half times larger than the economies of France or the United Kingdom. Debt to GDP Ratio Historical Chart. 8 trillion (in the chart in euros, EUR 7 trillion). The amount of Japan's national debt in 2017 amounted to about 11. Today, China is the world's second largest economy, making up 16% of $86 trillion global GDP in nominal. China often calls for a new global currency to replace the dollar, which is used in most international transactions. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. Government debt (also known as public debt, national debt, sovereign debt) is money (or credit) owed by a central government to c. China Government Debt to GDP 1995-2018 | Data | Chart | Calendar. China has had a remarkable period of rapid growth shifting from a centrally planned to a market based economy. $60 Trillion of World Debt in One Visualization. A 2015 investigation by the Wall Street Journal estimated that China's local government debt represented a figure equal to 35. It presents the most current and accurate global development data available, and includes national, regional and global estimates. Conclusions and Takeaways As Ray Dalio describes in his video, the US has well-timed the increase in government debt to soften the blow of consumer/business deleveraging from 2009-2012.