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Title: US and France Debt vs GDP
Source: [None]
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Published: Oct 12, 2024
Author: Horse
Post Date: 2024-10-12 11:28:47 by Horse
Keywords: None
Views: 35

France Debt vs GDP Ratio

According to various sources, France’s debt-to-GDP ratio has been steadily increasing over the years. As of recent estimates, the ratio stands at around 115% (see [1], [2], and [4]). This means that for every euro of France’s gross domestic product (GDP), the country owes approximately 1.15 euros in debt.

Comparison to Other Countries

France’s debt-to-GDP ratio is higher than that of some of its major European rivals, such as the United Kingdom (94%) and Germany (72%) (see [3]). However, it’s essential to note that debt levels can be influenced by various factors, including economic conditions, fiscal policies, and demographic trends.

US Debt vs GDP Comparison

The United States’ national debt has been steadily increasing over the years, with the debt-to-GDP ratio surpassing 100% in 2013. As of 2029, the projected ratio is expected to reach 133.88%. Here are some key points to consider:

Current Standing: The US debt-to-GDP ratio currently stands at around 123%, according to the International Monetary Fund (IMF).

Global Comparison: The US debt-to-GDP ratio ranks among the highest in the world. Greece has the second-highest ratio at 197%, followed by Singapore (165%), Italy (135%), and the US (123%), according to recent data.

Projections: The national debt is expected to continue growing, with the IMF forecasting a 133.88% debt-to-GDP ratio by 2029.

Fiscal Outlook: The United States’ fiscal outlook is considered unsustainable, with debt held by the public on track to exceed GDP in 2025 and climb to 116% in 2034, according to recent reports.

Historical Context: The debt-to-GDP ratio peaked at 131.99% in 2020, a 74-year high, before declining slightly to 120.03% in 2022. These statistics highlight the significant burden of national debt on the US economy, emphasizing the need for sustainable fiscal policies to address this issue.

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