The residents sector accounts for an increasing share of the total debt in the real economy, and the leverage ratio has risen rapidly.

Despite the higher growth in total debt stock in countries of Europe and Central Asia, strong growth in GNI (19 per cent) in 2004 contributed to an improvement in the region's total debt to income ratio from 49.4 per cent in 2003 to 44.6 per cent in 2004.

This sharp devaluation increased further the cost of debt servicing and the debt to GDP ratio.

The growth of gross national income (GNI) in developing countries outpaced the growth in debt in 2004, improving the total debt to income ratio for all developing countries to an estimated 35.2 per cent, down from 38.6 per cent in 2003.

In addition, given that local government debt comprises 27 of China s 2010 GDP, while central government debt and policy loans stand at 20 and 6 of GDP, respectively, the total public debt to GDP ratio is approximately 53 lower than Germany s. So, while China should not be complacent about local government debt, panic is unwarranted.

Table 1 Ratio of subventions to annual total expenditure (United States dollars)

A public debt crisis in Japan (as the combination of recession, deflation, and high deficits drove up the debt GDP ratio).

For instance, the SADC countries have a total debt stock of 78.1 billion, with an annual total debt service amounting to 6.8 billion.

Even with the latest deal, Greece s debt ratio remains at 120 of last year s GDP. With a projected drop in GDP of 7 this year and a sustained deficit, the debt ratio would exceed 130 before stabilizing at 120 in 2020.

It is estimated that the debt export ratio in net present value terms is high (187 per cent), suggesting that Haiti's debt is unsustainable.

The ECLAC region's debt to export ratio is higher than that of any other developing region.

In 2004 the ratio of debt servicing to exports was 10.0 per cent (see figure below).

Although the government s stimulus policies have increased the national debt, the debt GDP ratio remains relatively low, at roughly 37 . Public debt in Japan, by contrast, exceeds 220 of GDP.

Third, though China s public debt GDP ratio is officially still under 20 , since the onset of the global financial crisis in 2008, its fiscal position has deteriorated. If the government s contingent liabilities are included, China s debt GDP ratio may be closer to 50 .

The ratio of debt to exports was 83.4 per cent, likewise one of the lowest in the region.

b Total public debt denominated in pesos and foreign currency.

It narrows government budget deficits by increasing tax revenues and limiting welfare spending. By raising the denominator of the debt GDP ratio, it enhances confidence in debt sustainability.

Starting from 1999, the first year of recession, fiscal deficits rose substantially, alongside the public debt to GDP ratio.

The ratio of debt service to exports for these countries has declined to an average of 10 per cent.

Owing to strong GDP growth, the debt to GDP ratio decreased from 100.2 per cent to 95.1 per cent.

The male to female ratio in national management was also compared to the composition of the federation's total membership.

Taxation remains the dominant source of government revenue in most developed countries. But the role of debt finance has been growing and, with it, the need to refinance old debt when total expenditure, including debt service, exceeds total revenue.

For Greece, with an overall deficit of 4.1 of GDP and a debt GDP ratio of 170 , the debt ratio would fall if the combination of inflation and real (inflation adjusted) GDP growth exceeded 2.4 . Stated differently, now that Greece has achieved a zero primary budget deficit, its debt burden will decline if its nominal growth rate exceeds the average interest that it pays on its government debt.

In 1996, when Japan s public debt GDP ratio reached 80 , many Japanese economists and officials worried about a looming crisis. Almost two decades later, the ratio has surpassed 200 and still no crisis has erupted.

In particular, they should have paid greater attention to the sustainability of US mortgage and consumer debt. In 2007, the mortgage and consumer debt to GDP ratio was more than 90 , compared to 24 for net foreign debt.

In fact, China s high debt GDP ratio is, to a large extent, a result of its simultaneously high saving and investment rates. And, while the inability to repay loans can contribute to a high debt burden, the nonperforming loan (NPL) ratio for China s major banks stands at less than 1 .

Indeed, according to the OECD, by the end of this year, America s national debt GDP ratio will climb to 108.6 . Public debt in the eurozone stands at 99.1 of GDP, led by France, where the ratio is expected to reach 105.5 , and the United Kingdom, where it will reach 104.2 .

In Yemen, total external debt has been rising as a result of substantial budget deficits. That process appears to have accelerated in 2004, and total external debt is estimated at some 6.6 billion.

The personal debt to income ratio basically went from 65 percent to 135 percent in the span of about 15 years.

Indeed, the ICBC s non performing loan (NPL) ratio for LFP loans is as low as 0.3 , while the corresponding coverage ratio the bank s ability to absorb losses from NPLs is 1,066 . According to the NAO, the NPL ratio for the RMB10.7 trillion in local government debt is roughly 2.3 .

Moreover, the household debt ratio figure obtained in the study is only reflects the total amount of credit that the household sector obtains from financial institutions. In fact, many Chinese households borrow money from private sources including relatives and friends, creating a large amount invisible loans.

Article 44 If a securities firm is engaged in self run securities business, its risk controlling indicators such as ratio of total securities value and company net capital, ratio of value of one type of securities and net corporate capital, and ratio of quantity of one type of securities and total issuing quantity of this type of securities should comply with prescription of the securities regulatory agency under the State Council.

Since the exact ratio of men to women within the framework of the total population is unknown, these conclusions are rather speculative.

The total estimated NPV of Total Debt Relief by IDB to 14 Member Countries as of June 2003 reached US.D 144 Million.

France s debt GDP ratio is already around 90 even if its 2013 budget deficit does not exceed 3.5 of GDP, its debt GDP ratio will have climbed to 93 by the end of the year. The government s GDP share, at 56 , is the highest in the eurozone and second highest among all developed countries.

Likewise, while Japan has the highest debt to GDP ratio among rich countries, this is not a serious problem because the debt is domestically held. And Europe s debt problems are now widely acknowledged to be due to ill conceived aspects of European integration.

When considering today s concern about Japan s high public debt to GDP ratio, now at 202 on a gross basis, one needs to reflect that the ratio would most likely be profoundly lower if Japan had in the past financed more of its deficit spending with trills instead of conventional debt, and issued them to investors around the world. A lower debt burden would certainly help Japan deal with its economic slowdown.

Most economists failed to foresee the economic dynamics that actually led to the crisis, because they failed to pay enough attention to the rapid increase in US total debt. Instead, they focused exclusively on US foreign debt, ignoring household debt (mortgage and consumer debt), public debt, business debt, and financial debt.

In 2012, as the debt to GDP ratio skyrocketed, Greece s private creditors were given a significant 34 haircut. At the same time, however, new loans worth 63 of GDP were added to Greece s national debt.

If you deliberately aim to shrink your GDP, your debt to GDP ratio is bound to grow. The only way to cut your debt (other than by default) is to get your economy to grow.

The increase in exports of goods and services and the decline in debt service for developing countries as a group resulted in a significant decline in the debt service to exports ratio, from 17.2 per cent in 2003 to 12.5 per cent in 2004, marking the largest decline in this ratio in the last 20 years.

Now, you can see Africa's total debt there and the U.K. budget deficit for reference.

Even more fundamental arithmetic lies at the core of the debt quandary. The tax rate required to fund social welfare benefits depends on three factors the dependency ratio (the ratio of recipients to taxpayers) the replacement rate (the ratio of benefits to average wages) and the economic growth rate (roughly, productivity plus population growth).

China's household debt ratio is close to the United States. Is being unable to repay loan more frightening than being unable to afford a home?

The ratio of assets under custody to total deposits of financial institutions is often used to measure the status and function of the custody sector.