Today that figure is up to $4. GDP in the world's second. In this period, total debt has quadrupled, certainly the world's largest ever credit buildup but also one of the fastest. the international community), repayable through currency exchanges, consumer/durable goods and applicable services. 4 % in the previous year. 4 For example, India is still substantially behind China in terms of literacy rates and secondary and tertiary school enrollments. Government Debt Isn't the Problem—Private Debt Is U. 7 trillion, or 78% of GDP, and that number is expected to rise to 105% of GDP by 2028, according to projections by the Congressional Budget Office. 058 trillion in U. Net debt figure is the cumulative total of all government borrowings less repayments that are denominated in a country's home currency. 1 trillion — greater than the GDP of the United States, Japan and Germany combined. 9% set during the Financial Crisis (Q4 2008) for the first time ever. One way to do that is to look at total loans and leases relative to GDP. 6 % in the previous year. China's total debt, which includes corporate, household, and government debt, has doubled since 2008 and is now 303% of GDP or over $40 trillion. 6% last year. Live statistics for Economy of China. China held $1. 68 billion) in the first half of 2019, a year-on-year increase of 6. China is taking on more debt, but the real concern is the rate at which its companies are borrowing. Per the CIA World Factbook, External Debt is the total public and private debt carried by a particular nation as owed to outside parties (i. More worrying than the total debt level is the rapid rise. While a large debt won’t kill the economy if it’s in the process of being paid for, China is experiencing quite the opposite. Debt to M1 ratio is 15-1. 4 % of the country's Nominal GDP in 2018, compared with the ratio of 14. 6% last year. There are of course two ways to reduce debt to GDP. China's first quarter GDP beat expectations, but does its reliance on debt and a property market the Government is trying to slow down make it unsustainable?. For example, when World Bank finally admitted it has manipulated China's PPP calculation (overestimated China's GDP by 20% as a result -- perhaps an instruction from US government over 10-15 years ago) my calcualtion here needs to be revised. 60 percent of GDP in the first quarter of 2019 from 52. 4 trillion compared to 2015. Households Debt To Gdp in China averaged 28. By comparison, Canada’s credit-to-GDP gap is 12. 5 trillion rand in 2022-23. According to the Bank for International Settlements, China’s debt to GDP ratio reached 257 per cent in 2017, higher than the United States’ 152 per cent, and more than most emerging economies. 6 billion a year before. The country's debt has ballooned as Beijing has made getting. 4 For example, India is still substantially behind China in terms of literacy rates and secondary and tertiary school enrollments. 5 Times the Country's GDP: Is it a Time Bomb? (CBN Global) April 25 -- China's total debt has risen to a record 2. The Debt-to-GDP Ratio is the ratio between a country's government debt and its GDP. 5 trillion, or 106% of GDP, total debt held by the public is about $16. 0 percent of GDP, and cumulative deficits over the 2016–2025 period are projected to total $7. China's total corporate, household and government debt rose to 303% of GDP in the first quarter of 2019, from 297% in the same period a year earlier, the IIF said in a report this week which. RATIOS: total debt ratios, international reserves/total debt. Buffett said the country's debt is a "lower percentage of GDP than it was when we came out of World War II. China's economy has been slowing down, and one of the ways that growth has been propped up is through debt, which is now thought to be worth 225% of GDP, according to, amongst others, the. This explains the growing concern in Beijing over how to bring China to become a world-class industrial power in such schemes as Made in China 2025. US debt compared to its GDP. F1 Total credit to the non‑financial sector (core debt). The current level of the debt to GDP ratio as of June 2019 is 103. By external debt, France is the poorest country in Western Europe, with a total of $5,633,000,000,000 (182% of its GDP). 8% of GDP in 2009. The graph shows national debt in China related to gross domestic product until 2018, with forecasts to 2024. This video describes debt to GDP percentage of top 15 countries from 1900 to 2018 Japan, with its population of 127,185,332, has the highest national debt in the world at 235. Right now, that debt is growing violently. Now and then, China threatens to sell part of its debt holdings. Treasuries have had a limited impact on the U. Buffett said the country's debt is a "lower percentage of GDP than it was when we came out of World War II. and China, Japan isn’t a leader in natural resources. So we see a rapid increase in the level of debt to GDP ratio. 5 percent to 7 percent. I too made the mistake of initially assuming they meant public debt to GDP, but it does explicitly say in the title "total debt. Growth rate =[(Real GDP of last year – Real GDP of earlier year) / Real GDP of earlier year] X 100 % The rise and fall of GDP over time is referred to as the business cycle. 4 For example, India is still substantially behind China in terms of literacy rates and secondary and tertiary school enrollments. Posted by mybudget360 in banks, debt, economy, government, i-banking, recession, wall street; 6 Comment. Below is a chart for all countries where data are available. “The future Chinese consumer will be richer, older and more tech-savvy,” says Angela Moh, who covers the consumer market in Asia, excluding Japan. For example, China is funding a high-speed rail line in Laos that will cost equivalent to half the country's GDP. 40 percent. Its estimated GDP PPP total as of 2016 is $19,392 trillion while its GDP per capita is $14,107. In 2000, China's total. The debt from China was estimated to total $114. 18% of its GDP, followed by Greece at 181. 5% of the country's GDP at a total of 18 trillion Yuan. Added together, our unpaid loans make up the UK's national debt. The figure stood at nearly 304 per cent of its gross domestic. 9% set during the Financial Crisis (Q4 2008) for the first time ever. 2%, compared to 103. According to the International Monetary Fund for every dollar of GDP generated in China last year, its households owed 54 cents. The deficit will remain in the $700 billion to $800 billion range for rest of the decade and hit $900 billion in 2020. 1 trillion to. 18% of its GDP, followed by Greece at 181. By This Measure, the U. 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 lowered its 2017 GDP growth target to 6. China: National debt from 2014 to 2024 (in billion U. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. 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. debt? There are two basic categories of debt owners: 1) the public, which includes foreign investors and domestic investors and, 2) federal accounts, also known as "intragovernmental holdings. The top personal income tax rate is 45 percent, and the top corporate tax rate is 25 percent. 0% year-on-year, marking a further loss of momentum for the economy from the second quarter's 6. 33 trillion yuan ($4. The National Assembly`s Finance-Budget Committee attributed the lower debt public ratio to government’s tightened state budget overspending and ongoing debt restructuring efforts that helped ensure the state’s repayment capacity and relieve pressure on public debt compared to previous periods. Brazil’s National Debt Rises to Record High 79. 5 trillion, or about 106% of GDP. dollars) National debt of China 2024; China: national debt from 2012 to 2024 in relation to gross domestic product (GDP) National debt of. called Maastricht gross debt). 7 trillion, financial-sector debt. 2 trillion, an increase of US$26. Debt which demonstrated that the United States was an increasingly indebted country. 2 days ago · Savings are also being offset with escalating personal and household debt as China’s nouveau riche splash out on new cars and overseas vacations. Private debt, although marginally on the rise, is well below its peak. While the total amount of debt in the Chinese economy is worryingly high (and climbing), the central government is not particularly indebted compared with most developed nations. Total debt to GDP is currently around 270%. Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. Debt numbers are at: China proves that a successful economy need not be debt financed. By my reckoning, in 33 of these cases, this deleveraging was due largely or wholly to increasing private debt leverage—not the most desirable way. China’s government debt is almost entirely denominated in local currency and owned by domestic institutions. The result of that spending has contributed to China’s current record amount of debt. The CPEC loans will add $14 billion to Pakistan's total public debt, raising it to $90 billion by June 2019, abating Pakistan's economic ability to service huge amount of debt. Some other notable high debt to GDP ratios include that of the US at 105. Many governments borrow money to cover the shortfall in their budget without reducing their spending or increasing taxes. This financial credit or debt number cited by Green looks at "total social financing (TSF. 2billion (or US$25. Added together, our unpaid loans make up the UK's national debt. In a speech delivered at the China Economic Society Conference On Sustainable Development in China and the World in Shenzhen, China, David Lipton, First Deputy Managing Director, IMF, noted that overall, China’s total debt is equal to about 225 per cent of GDP. The graph shows national debt in China related to gross domestic product until 2018, with forecasts to 2024. "Debt" is commonly defined as a specific subset of liabilities identified according to the types. Although the economy has since returned to something resembling normalcy — with unemployment at 3. This means that debt since the crisis has almost doubled! Chart shows that the largest share in debt is held by state-owned enterprises (dark blue) and. As Kenya's government trumpets the opening of its new, Chinese-built train line to the Rift Valley, critics say the railway serves little purpose and is plunging Kenya into massive debt. China's total borrowings were more than double its gross domestic product (GDP) last year, a government economist said, warning that debt linkages between the state and industry could be "fatal" for the world's second largest economy. I too made the mistake of initially assuming they meant public debt to GDP, but it does explicitly say in the title "total debt. Graph and download revisions to economic data for from 1990 to 1999 about China, debt, government, and GDP. Debt to M1 ratio is 15-1. In an economic bulletin, Finance Undersecretary and chief economist Gil Beltran said the debt-to-GDP ratio expanded to 44 percent as of end-March 2019 from 42. 9 trillion), amounting to 231% of China’s GDP. 40 percent in 1997. The recent global crisis had multiple causes: The general cause appears to be a rapid growth of the level of debt (especially in the case of households), accompanied by sharp increases in real estate prices. 8 percent and GDP growth averaging near three percent, debt accumulation is reemerging without much hand-wringing or flag-raising. A low public debt and GDP percentage is usually an indication of economic health, while a high public debt and GDP percentage can indicate financial trouble for a country. government's total debt of just under $20 trillion. 6% versus an official GDP growth of -0. Japan has the highest debt-to-GDP ratio at 415 percent. 0 (% of GDP) with a global rank of 42. 8% of GDP in 2009. China's total debt (financial credit) burden hit 251% of GDP at the end of June, according to Stephen Green at Standard Chartered. China's credit-to-GDP ratio has risen by 58% since the start of 2009, when banks pumped out a torrent of loans to fund the government. China's total debt burden rose strongly in the first quarter of 2019 as Beijing allowed more loans and local government bond issuance to help shore up the slowing economy. Between 2000 and 2014 China's total debt grew from US$2. The country's debt has ballooned as Beijing has made getting. The steady reduction in total US debt means the economy is becoming more rebalanced – though there may be a considerable way to go. Understanding the composition of China's debt is important to evaluating the seriousness of the problem. difference is -9. 058 trillion in U. 8% of GDP in 2009. China is taking on more debt, but the real concern is the rate at which its companies are borrowing. Corporate debt in China soared to around 170% of GDP in 2016, roughly double the average of other economies, according to the Bank of International Settlements. One of the more interesting figures that I came across was that in 2000, every $2. Slowing growth won’t stop China from finding a few silver linings at its annual legislative session. With total debt-to-GDP at 309%, something is likely to give Discussing government and corporate debt peril in public forums is typically muted if not outright censored. But yesterday European sages cut another deal to stave off the truth. China's Government debt accounted for 16. “The future Chinese consumer will be richer, older and more tech-savvy,” says Angela Moh, who covers the consumer market in Asia, excluding Japan. 2% ratio of net corporate debt to GDP. 53% (New York), 23. 4 trillion compared to 2015. 2% of GDP by the end of 2017. Jun 28, 2017 · In addition, our estimates based on monthly data on total social financing suggest that China's total debt surpassed 304 percent of GDP as of May 2017," the IIF noted. For example, the United States has a debt to GDP ratio of 108% and a lot of people want to buy US Treasury bonds. 40 percent in 1997. And, as we noted in earlier, China's total debt, now exceeding 250% of GDP, dwarfs the U. In response to the crisis and collapse in external trade, China has deployed policies to boost domestic demand. In 2000, China's total. Debt-to-GDP ratio is one of the indicators of the health of an economy. China is taking on more debt, but the real concern is the rate at which its companies are borrowing. Between 2008-09, there was a recession and fall in GDP. Government debt as a percentage of national GDP These are lists of countries by public debt , based on data from the CIA's World Factbook and the IMF. Urbanisation rate 58. For these countries, since World War II, there have been a total of 42 cases where public debt to GDP (and not also private debt) has declined by at least 10 percentage points in a five-year period. 3 percent and the lowest value was in India: 9. The table below lists the total market cap to GNI (GDP) ratios of the largest economies in the world. In China's case, this refers to general debt owed by the Chinese central government as well as that explicitly held by local governments, which as a percent of its GDP rose from 27. Slowing growth won’t stop China from finding a few silver linings at its annual legislative session. 7 percent of its gross domestic product. Some other notable high debt to GDP ratios include that of the US at 105. 30, 2014 (updated to Dec. 526 trillion nominal GDP. "Public debt is currently at historic highs in advanced and emerging market economies. At the end of fiscal year 2008, debt held by the public amounted to $5. China: National debt from 2014 to 2024 (in billion U. has the 2nd Highest National Debt USA is #7 in debt to gdp, but #2 in debt to revenue. 8% this fiscal year, compared with the. • As at end-June 2019, total federal government debt and liabilities exposure was estimated at RM1. These are large numbers. Total Government Debt is the gross sum of liabilities across federal, state and local Government in Australia. During the 2017/18 period, the govt borrowed Sh 632 billion to bring the total debt upto June 2018 to Sh5. China is now aiming for financial stability, a wise move given its debt pile amounted to over 270% of GDP at the end of 2016. “Private contribution to real GDP growth” defined as the sum of the contributions of real personal consumption expenditures, real gross private domestic investment, and real exports to overall annualized quarterly real GDP growth, in percentage points. China to Raise Debt to GDP Ratio, Tighten Infrastructure Investments Nation lays out investment blueprints to hedge against slowing economy. The current level of the debt to GDP ratio as of June 2019 is 103. China's total debt burden rose strongly in the first quarter of 2019 as Beijing allowed more loans and local government bond issuance to help shore up the slowing economy, according to estimates by the Institute of International Finance. EM debt hit a record $69 trillion in Q1 2019—over 216% of GDP. Growth rate =[(Real GDP of last year – Real GDP of earlier year) / Real GDP of earlier year] X 100 % The rise and fall of GDP over time is referred to as the business cycle. 7 % in 1999 to 50. Households Debt in China increased to 53. Added together, our unpaid loans make up the UK's national debt. China during the Great Recession China's External Debt - % of GDP had a negative growth (decline) of 31. According to the Bank for International Settlements, China's debt to GDP ratio reached 257 per cent in 2017, higher than the United States' 152 per cent, and more than most emerging economies. 7 percent of its gross domestic product. It'll be $1. 3% of GDP in 2047 — an increase of almost 70% between 2017 and 2047. The general government’s debt stood at P4. 40 percent. China's government debt to GDP ratio data is updated yearly, available from Dec 2005 to Dec 2018. A secular trend of borrowing. relationship between local government debt and economic growth, controlling for other determinants of growth: on average, a 10 percentage point increase in the debt-to-GDP ratio is associated with a slowdown in annual real per capita GDP growth of around 0. 5 percent of total domestic income. Emerging-market debt totaled $66. By Anthony Bwalya - UPND Member. Worse, the government's role as both lender and borrower concentrates rather than disperses credit risks. Comparing the current market cap-to-GNI ratio (also known as Buffett Indicator) of a country to its historical average can be used to estimate the current valuation and expected returns of a nation's stock market. China’s trading partners and investors are closely watching the health of the world’s second-largest economy as the trade war with the United States fuels fears about a global recession. called Maastricht gross debt). 33 trillion yuan ($4. com from thousands of data sources, including the IMF, World Bank, World Economic Forum and CIA. Djibouti’s debt-defying stunt: Taking China’s money without accepting China’s control. There's nothing explicitly wrong with lots of debt, the question is, is the way that debt is being spent supported by additional demand (ie, are we building housing for more. The country's debt has ballooned as Beijing has made getting. 4 (% of GDP) in the last 10 years from (2003 to 2013). 50 percent in 2018 and a record low of 20. China has a history of taking debt off its books and burying it, which should prompt us to poke and prod its numbers. The biggest increase occurred in China’s already. 7% (because of its reliance on Indian financial assistance). According to data from BIS, China's total debt reached a record $27. played an outsized role in shoring up China's lagging economy. Total debt in China exceeds that of the US, and was estimated to be twice as high as the average of emerging market economies excluding China in 2015. China: National debt from 2014 to 2024 (in billion U. 2017 Share of Contribution To China's Total Debt How Big Is The Mounting Debt? A Grasp Of The Numbers 300% IMF's forecast of China's total debt to GDP by 2022 45 RMB Trillion Size of China's shadow banking in 2017 55% China's shadow banking to GDP in 2017 256. China holds int’l moot on CPEC. China's total corporate, household and government debt rose to 303% of GDP in the first quarter of 2019, from 297% in the same period a year earlier, the IIF said in a report this week which. Country comparison China vs United States 2019 Country comparison, you can compare any two countries and see the data side by side. 7 % in 1999 to 50. China’s economy is reliant on too much debt and the enormous boom in credit risks leading to a new financial crisis, the International Monetary Fund (IMF) has warned. By comparing the country's outstanding debt to the size of its economy (via GDP), the debt-to-GDP figure gives a look at how easy it is for a country to handle its level of debt. The result of that spending has contributed to China's current record amount of debt. 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's total corporate, household and government debt rose to 303% of GDP in the first quarter of 2019, from 297% in the same period a year earlier, the IIF said in a report this week which highlighted rising debt levels worldwide. 15, 2015), and thus should be considered a temporary figure, as an improving economy might boost the GDP and. 25% of world debt and a debt-to-GDP ratio of 39. By public debt, Greece is the poorest country in Western Europe, with a. Who owns the U. The description is composed by our digital data assistant. 8% of GDP [25]. Back in May, I showed you a chart of Total U. China's total corporate, household and government debt rose to 303% of GDP in the first quarter of 2019, from 297% in the same period a year earlier, the IIF said in a report this week which. 8%, which is in line with the Party’s full-year target. Value & Rank The Public debt (Percentage of GDP) of Aruba is 67. 4 trillion compared to 2015. Total credit market debt at 8. General government net debt (% of GDP) of Japan increased from 64. China’s GDP is roughly 11 trillion US dollars. China's position as America's largest banker gives it some political leverage. China’s total corporate, household and government debt rose to 303% of GDP in the first quarter of 2019, from 297% in the same period a year earlier, the IIF said in a report this week which highlighted rising debt levels worldwide. "Public debt is currently at historic highs in advanced and emerging market economies. Government Debt to GDP in China is expected to be 51. IMF Cautions China, Praises India For "Right Policies". And, as we noted in earlier, China's total debt, now exceeding 250% of GDP, dwarfs the U. 2 The International Monetary Fund (IMF), China, and other stakeholders should cooperate to help countries along the Belt and Road facing financial imbalances and high debt. 3 Recent moves by the Chinese government to cut its holdings of U. " This number gives an overall value for a country's economy. Most official economic statistics are compiled at a national level. Even Germany’s true economic health comes out surprisingly dire in this analysis, with a GDP growth net-of-debt of -16. GDP to M2 is 1. Since 1946, the federal government's debt-to-GDP ratio has since fallen by nearly half, to 54. Now and then, China threatens to sell part of its debt holdings. 22% (Rhode Island), and 22. General government debt-to-GDP ratio is the amount of a country's total gross government debt as a percentage of its GDP. 1 Percentage of GDP; F1. Quarterly data on total credit to the non-financial sectors; comprising private non-financial sector and general government for 44 economies and regional aggregates have been updated. Although the economy has since returned to something resembling normalcy — with unemployment at 3. 40 percent in 1997. China's Debt to GDP Nears 300% If debt is growing faster than GDP, the debt stops becoming a contributor to growth and instead starts to drag on growth especially as debt to GDP ratio accelerate. China holds int’l moot on CPEC. China Total Debt To GDP At 223% – Broken Down [INFOGRAPHIC] Via BloombergBriefs H/T ZeroHedge. And, as we noted in earlier, China's total debt, now exceeding 250% of GDP, dwarfs the U. 2 trillion, an increase of US$26. It is an indicator of an economy's health and a key factor for the sustainability of government finance. It is in sharp contrast to, say, high debt levels in China, which is estimated at 247% of GDP. It is usually presented as a percentage of gross domestic product (GDP). Government Debt Isn't the Problem—Private Debt Is U. 5 Times the Country's GDP: Is it a Time Bomb? (CBN Global) April 25 -- China's total debt has risen to a record 2. China’s debt tops 300% of GDP, now 15% of global total: IIF July, 22, 2019 (Reuters) - A key gauge of China’s debt has topped 300% of gross domestic product, according to the Institute of International Finance (IIF), as Beijing steps up support for the cooling economy while trying to contain financial risks. 508 billion, this makes the government debt of China approximately US$ 4. 1) reduce debt levels 2) Increase GDP. That's far above the average for developing countries and higher than some advanced economies including Australia, the United States, Germany. China recorded a government debt equivalent to 50. The graph shows national debt in China related to gross domestic product until 2018, with forecasts to 2024. I have US Public Debt at 59. China's Total Debt Hit 257. Global Debt Hits A New Record High Of $217 Trillion; 327% Of GDP. 0 % of the country's Nominal GDP in 2017, compared with the ratio of 12. That includes borrowing by the government, banks, corporations, and households. 5% during the National. The debt figure is comprised of corporate, governmental and individual debt. At over $246 trillion, global debt is now just $2 trillion shy of the all-time high of Q1 2018. During the 2017/18 period, the govt borrowed Sh 632 billion to bring the total debt upto June 2018 to Sh5. What is even more concerning, is that not even a record amount of debt is enough to let China's economy grow at the rate it did just a few years ago. debt at about 100% of our GDP. China's credit-to-GDP ratio has risen by 58% since the start of 2009, when banks pumped out a torrent of loans to fund the government. Global debt has grown by $49 trillion since the crisis, and no major economy has reduced total debt-to-GDP There are three areas of particular concern: • High government debt in some advanced economies • Continued rise of household debt in a range of countries • Quadrupling of China's debt The financial sector has deleveraged and risky. The figure stood at nearly 304 per cent of its gross domestic. May 23, 2017 · China's debt has been increasing lately by an amount equal to about 15 percent of the country's output each year, to keep the economy growing from 6. Live statistics for Economy of China. 1) reduce debt levels 2) Increase GDP. 's ratio was at 277 per cent. It remains lower than Japan, the world's most indebted leading economy, but some experts say the concern is that China's debt has surged at the sort of pace that usually leads to a financial bust and economic slump. 17 trillion or 77. The budget papers put Tonga's total external debt at about $240 million — that's 41 per cent of GDP. S economic growth. GDP stands for "Gross Domestic Product. That includes borrowing by the government, banks, corporations, and households. 17 trillion, followed by Japan with US$9. 8%, Jamaica at 124. the most indebted state governments have a debt -to-local GDP of 26. At the end of fiscal year 2008, debt held by the public amounted to $5. China's total debt (financial credit) burden hit 251% of GDP at the end of June, according to Stephen Green at Standard Chartered. 2billion (or US$25. Private debt, although marginally on the rise, is well below its peak. Last 10 years average China had an average External Debt (Percentage of GDP) of 10. A low Debt-to-GDP Ratio indicates an economy that produces and sells goods and services sufficient to pay back debts without incurring further debt. GDP, Public Debt, and Private Debt (in Billions) and I have seen differing numbers for the current level of private debt in China. Other taxes include value-added and real estate taxes. But overall, China's federal level debt remains low, bank's remain strong despite higher non-performing loans on the balance sheet, and yet we still get a total debt to GDP ratio of a whopping. 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. 10 bps to 6. China’s debt tops 300% of GDP, now 15% of global total: IIF July, 22, 2019 (Reuters) - A key gauge of China’s debt has topped 300% of gross domestic product, according to the Institute of International Finance (IIF), as Beijing steps up support for the cooling economy while trying to contain financial risks. Since 2008, non-financial sector debt-to-GDP has risen at breakneck speed. Using the Center for China and Globalization’s GDP estimate for China, and the IMF’s estimate of debt to GDP ratio, China’s national debt would equal to 209 trillion yuan (about $31. 4 trillion and 39% of GDP today. This is an important milestone in China's debt turnaround, following years of excess. If you spend $1,000,000 a day it would take you 30912 years and 0 month to spend all China debt. More on China’s debt-to-GDP ratio. 2017 Share of Contribution To China's Total Debt How Big Is The Mounting Debt? A Grasp Of The Numbers 300% IMF's forecast of China's total debt to GDP by 2022 45 RMB Trillion Size of China's shadow banking in 2017 55% China's shadow banking to GDP in 2017 256. 18% of its GDP, followed by Greece at 181. 5% of the country's GDP at a total of 18 trillion Yuan. For example, GDP and employment data is based government tax receipts, inflation is calculated by analyzing changes in the prices of baskets of goods at either wholesale or retail prices, interest rates, exchange rates and money supply are calculated by central banks, and trade figures are normally logged by customs and excise. Household debt in China is still small relative to the total — about 18 per cent as of mid-2017 — but household borrowers are now responsible for about one third of the growth in total. “The future Chinese consumer will be richer, older and more tech-savvy,” says Angela Moh, who covers the consumer market in Asia, excluding Japan. households had accumulated the decade before. Create an Alert. Although the economy has since returned to something resembling normalcy — with unemployment at 3. 087 trillion USD). The Debt-to-GDP Ratio is the ratio between a country's government debt and its GDP. China’s GDP is roughly 11 trillion US dollars. Evidence from Advanced Countries Figure 2 presents a summary of inflation and GDP growth across varying levels of debt for 20 advanced countries over the period 1946–2009. The next chart shows the debt-to-GDP ratios since 1980 — i. Total debt to GDP is currently around 270%. Both are measures of the total production of goods and services of the US economy for a particular time period---say, the year 2004 or the first quarter of 2005 (January through March). These are large numbers. Total debt recall. In 2018, general government net debt (% of GDP) for Japan was 153. 17 trillion, followed by Japan with US$9.