Very cool look at recent decades and the fluctuations in public and private debt loads around the globe.

 

Click to see how global economic forces have affected debt-to-GDP ratios

Source: Real Time Economics

 

Interactive by Andrew Garcia Phillips, Phil Izzo and Pat Minczeski/The Wall Street Journal

Category: Bailouts, Credit

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4 Responses to “Debt Dynamics: Track Global Debt Levels”

  1. constantnormal says:

    Very cool, but debt is too complicated a subject (and this graphic shows that very well) to be explained by even a chart as neat as this.

    But it is incredibly entertaining.

  2. constantnormal says:

    Any readers from the Netherlands want to enlighten me as to what happened there between 2001 and 2003?

    • montfortisimo says:

      Comparing 2001 with 2012 for the Netherlands: in 2001 NL was already at the far end of the chart when it comes to private debt, going into extremis by 2012.
      In the Netherlands the tax-policies around mortgage-deductability have run out of hand. Until the 2008 credit-crunch, banks have been extending credit to consumers buying a house, at >100% of the market value of the house. Thanks to low interest rates and in particular the tax policy there was no issue.
      However, with GDP stalling in the last years the % of private debt has gone through the roof. Another problem is the fact that house-prices are going down. This brings many Dutch households in a situations where the value of the mortgage exceeds the collateral.

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