Lord Birt – 2014 Parliamentary Question to the HM Treasury
The below Parliamentary question was asked by Lord Birt on 2014-06-27.
To ask Her Majesty’s Government whether the ratio of the aggregated value of sovereign, corporate and personal debt to gross domestic product is higher in the United Kingdom than in other leading economies.
Lord Deighton
The aggregate value of general government, non-financial corporations and household sector debt (as a proportion of GDP) for all G7 countries are shown below:
|
Country |
Debt as a proportion of GDP in 2012 |
|
Canada |
347% |
|
France |
335% |
|
Germany |
248% |
|
Italy |
329% |
|
Japan |
476% |
|
UK |
309% |
|
US |
320% |
