In addition, it doesn t ignore the positive the current and future taxes available to cover these liabilities.

Since 2008, banking sector credit growth in China has been among the fastest in the world, far outpacing GDP growth, and China s total debt has risen from 130 of GDP to 220 of GDP.

China s GDP growth, which relies heavily on credit, will take a hit.

Japan s GDP share is about one third of Asia and 8 of the world.

During this period, credit expanded rapidly as a share of GDP, reaching more than 300 at the peak.

Besides mining (21.8 of GDP) and agriculture (16 of GDP), dominant industries in the composition of GDP are wholesale and retail trade and service, transportation and storage, and real estate activities.

The ratio of savings to gross domestic product has risen.

The annual budget deficit is nearly 10 of GDP, higher than any of the eurozone countries. With nominal GDP stagnating, that deficit is causing the debt GDP ratio to rise by 10 annually.

Consequently, maintaining high GDP growth rates requires an ever increasing volume of credit and a continuously growing money supply.

For Greece, with an overall deficit of 4.1 of GDP and a debt GDP ratio of 170 , the debt ratio would fall if the combination of inflation and real (inflation adjusted) GDP growth exceeded 2.4 .

Owing to strong GDP growth, the debt to GDP ratio decreased from 100.2 per cent to 95.1 per cent.

That is, the per capita GDP gap between China and developed countries essentially reflects the gap between them in terms of overall technological and industrial achievement.

To achieve that, the current deficit of 14 of GDP would have to fall to 5 of GDP or less.

As of this year, 1 of GDP growth is consistent with more than 3.5 of credit growth.

One of the determining factors of health expenditure is the level of gross domestic product (GDP) and the share of health expenditure in GDP.

In the US, total private credit grew from around 70 of GDP in 1945 to well over 200 in 2008.

France s debt GDP ratio is already around 90 even if its 2013 budget deficit does not exceed 3.5 of GDP, its debt GDP ratio will have climbed to 93 by the end of the year.

Consider Green GDP.

The Problem with Poor Countries GDP

It is likely to rise to more than 60 of GDP by the end of 2010, with the debt to GDP ratio continuing to increase.

Politicians have exacerbated the situation by doubling down on fiscal austerity, which has undermined GDP growth while failing to shrink government debt GDP ratios.

Add the open public debt of 67 of GDP to this total, and the result is an overall German debt GDP ratio of about 340 .

A key parameter for determining the long run sustainability of public debt is the gap between interest rates and the nominal GDP growth rate.

Cypriot debt, we are told, will rise to 140 of GDP, but will fall to about 100 of GDP in less than a decade.

NEW YORK The Greek financial saga is the tip of an iceberg of problems of public debt sustainability for many advanced economies, and not only the so called PIIGS (Portugal, Italy, Ireland, Greece, and Spain). Indeed, the OECD now estimates that public debt to GDP ratios in advanced economies will rise to an average of around 100 of GDP.

The Black Hole in America s GDP

approximately 16.2 of gross domestic product(GDP).

So, by the end of the year, we will see a slightly improved level of GDP, but the rate of GDP growth is likely to return to negative territory.

Even an economy with an overall budget deficit will have a declining government debt GDP ratio if the growth rate of its nominal GDP exceeds that of its debt.

The French government share in GDP is 54 , while Germany s is only 47 .

Manufacturing, which fell from 30 of GDP in 1980 to 15 in 2010, must become an engine of innovation and GDP growth.

The three small Baltic EU members provide an alternative model they had developed current account deficits of over 20 of GDP during the credit boom, and over the last three years have experienced double digit GDP contractions.

And the tax burden, which has exceeded 40 of GDP since 1990, now stands at almost 43 of GDP.

With a debt GDP ratio of 230 , a four percentage point rise in borrowing costs would cause the annual deficit to double, to 20 of GDP.

While the increase in investment reduced the saving GDP ratio, the resulting increase in imports lowered the trade surplus GDP ratio.

Yemen s GDP is only 10 the size of Greece s, representing 0.05 of global output, and its economy is not significantly linked to the international financial system.

Some of the increase in nominal GDP takes the form of higher real (inflation adjusted) GDP, while the rest shows up as inflation.

The US federal deficit is an alarming 12 of GDP, and public debt as a share of national income is already projected to double, to 80 of GDP.

So there you have it. Of course, politicians should be willing to spend 0.5 of GDP to avoid a 20 cost of GDP.

Meanwhile, Sweden s public debt was reduced from 73 of GDP to 39 of GDP, while taxes have been cut repeatedly.

Gross domestic product is taken to be the leading indicator of national well being.

Agriculture represents 5.9 , of GDP (2004).

A., M. R. Redfearn and M. A. Tieslau.

The fiscal gap is the only legitimate measure of the condition of a nation s public finances because it treats official and unofficial liabilities on the same basis.

The debt GDP ratio varies a lot by country.