Which Country Has The Heaviest Debt In The Industrialized World?

May 19, 2011 1:30 pm

Well, how heavy a particular debt is – this is measured by expressing the debt as a percentage of the country’s GDP. So which country has the heaviest debt in the industrialized world? We spotted the answer today –

“At 200% of GDP, Japan’s government debt burden is the heaviest in the industrialized world. More deficits and debt will only weigh down Japanese growth in the future.”

Read more: http://curiouscapitalist.blogs.time.com/2011/05/19/why-japan%e2%80%99s-earthquake-caused-a-recession/#ixzz1MnxTNg8S

Statistics Source: Time

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