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