As a result, America s public debt has reached roughly 140 of GDP.

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 .

Greek public debt today stands at nearly 160 of the country s official GDP.

The difference between the overall deficit and the primary deficit implies that the interest on the Greek national debt this year will be 4.1 of GDP.

Unemployment rates and budget deficits are higher, and public debt GDP ratios are at record levels.

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.

In the first quarter of this year, the eurozone s public debt ratio actually rose, to 92.2 of GDP.

By 2012, Greek public debt will be above 160 of GDP and rising.

Domestic public debt today stands at roughly 205 of GDP, compared to around 85 in 1995.

External public debt

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.

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

And we see right over here the debt to GDP ratio is a percentage so this debt is a percentage of GDP , it's well over 100 .

Growth is essential to bringing down public debt GDP ratios, and thus is a key part of fiscal stabilization.

In China, total public debt currently amounts to roughly 60 70 of GDP a manageable burden.

The national debt has grown too large for the National Debt Clock.

But all parts of a country s total debt and how it is financed are interconnected.

Servicing of external public debt

With the Italian debt GDP ratio currently at roughly 106 , lower borrowing costs reduced the public debt ratio by more than eight percentage points.

The debt is the total amount of money that they owe, that's this top line right over here.

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

Moreover, Iceland s public debt GDP ratio now stands at 100 , compared to only 42 in Latvia.

Starting from 1999, the first year of recession, fiscal deficits rose substantially, alongside the public debt to GDP ratio.

This, too, complicates the public debt dynamics and impedes the restoration of public debt sustainability.

, Japan's public debt was more than 200 percent of its annual gross domestic product, the second largest of any nation in the world.

The debt GDP ratio varies a lot by country.

Russia s budget surplus has stood at more than 7 of GDP in the last two years, public debt has dwindled to only 8 of GDP, from 100 in 1999, and the current account surplus has averaged at 10 of GDP for the last eight years.

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.

After varying between 25 and 50 of GDP for the past half century, the recent budget deficits have caused the debt to reach 62 of GDP.

Indeed, according to the OECD, by the end of this year, America s national debt GDP ratio will climb to 108.6 .

But China s total public debt, including off balance sheet local government financing vehicles, probably amounts to around 70 of GDP already.

All the eurozone countries, except Luxembourg and Finland, reported fiscal deficits in excess of 3 of GDP in 2009, while Greece, Spain, and Ireland ran deficits of more than 10 . Within a single year, eurozone governments general debt increased by almost 10 percentage points (78.7 of GDP in 2009, compared with 69.3 in 2008).

A similar pattern holds for public debt.

a Excludes official public debt.

C. Public debt in the ESCWA region

In their paper, Growth in a Time of Debt, Reinhart and Rogoff estimated large declines in growth associated with public debt GDP ratios above 90 .

India s overall public debt GDP ratio has been on a declining trend, from 73.2 in 2006 07 to 66 in 2012 13 (and the central government s debt GDP ratio is only 46 ).

Each downward revision implies postponement of the date on which the debt GDP ratio will peak.

Its debt to GDP ratio stood at 113 by the end of 2009.

The ratio of debt is measured against key variables such as GDP, export earnings and fiscal revenues.

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

As a result, public debt fell to 28 of GDP region wide in 2008, from 51 in 2003.

Japan is aging even faster, and economic stagnation is reducing domestic savings, while the public debt is approaching 200 of GDP.

Overall public debt, to which each year s deficit adds another hefty dollop, is projected to exceed 100 of GDP in 2011, up from around 40 in the late 1970 s.

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 .