Due to excessive money printing, the growth of government and the failed idea that government is everything, we have become a world of debt. Although some countries have a lot more debt than others, it’s quite apparent that the debt-to-GDP ratio is just too high in a lot of developed nations.
Using data from the International Monetary Fund, the Bank for International Settlements, Haver Analytics and Econometric Solutions, ValueWalk published a chart highlighting the enormous debt-to-GDP ratios of many countries worldwide. It wasn’t able to find data in the Middle East, Africa and parts of South America, but it’s a great depiction of our enormous indebtedness that will likely not be paid down.
Indeed, the 21st century will be viewed as “The Debt Era” and millennials will be identified as “The Indebted Generation.”
Here is the chart:
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