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I was reading an article in FT, where debt to GDP is quoted as 300% for US and Japan. However, all the official sites for US quotes the debt to GDP as 85% for US.

This article is from a reputed investment banker in Wall Street. Can someone explain? Link:

Economic Trends 2022

From the article: Twenty-five countries including the US and China have total debt above 300 per cent of GDP,

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The author of the FT article is talking about total debt.

For Q3 2021, US federal government debt alone was 122% of GDP. Source: https://fred.stlouisfed.org/series/GFDEGDQ188S

For Q2 2021, US household debt was 78% of GDP. Source: https://fred.stlouisfed.org/series/HDTGPDUSQ163N

To get total debt you would also need to add the debt of corporations and state and local governments. The total being over 300% seems very likely.

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  • $\begingroup$ Thanks a lot James. Appreciate it. $\endgroup$
    – nsivakr
    Jan 6, 2022 at 10:45

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