Debts
(asked on 27th January 2015) - View Source
Question to the HM Treasury:
To ask Her Majesty’s Government, further to the Written Answer by Lord Deighton on 7 July 2014 (HL686), what is the aggregate value of the debt of the government, non-financial corporations, the household sector and financial institutions as a proportion of Gross Domestic Product for the United Kingdom, and for the other G7 countries.
The latest data from the OECD is available from 2012 and is presented below:
Debt as a % of nominal GDP (2012) | |||
Country | Private Sector* | General Government | Financial Corporations** |
United States | 196.6% | 123.3% | 258.7% |
Canada | 235.3% | 109.0% | 274.0% |
Italy | 178.7% | 134.9% | 202.8% |
France | 218.4% | 110.4% | 221.8% |
Germany | 153.8% | 86.2% | 252.1% |
Japan | 240.5% | 235.9% | 463.3% |
UK | 195.1% | 95.6% | 423.9% |
*Private sector is non-financial corporations and households
**Financial corporations is securities (other than shares and derivatives), plus loans
Notes:
The UK and other nations moved to the new European System of Accounts 2010 standard in September 2014 which mean that the GDP debt levels are not comparable with previous PQ answered by Lord Deighton on 7 July 2014 (HL686).
A liability (debt) for one sector is often an asset for another.