- Dec 4, 2017
Your figure is pre-pandemic then, our figure is until end of May, hence it's a bit fudged because the GDP figure is effectively for 10 months only, hence the debt ratio seems huge.Yes but your evolution is from 85.4 % to 100.9 % compare to our which is from 98.1 % to 101.2 %.
France's Government debt accounted for 101.2 % of the country's Nominal GDP in Mar 2020, compared with the ratio of 98.1 % in the previous quarter. France's government debt to GDP ratio data is updated quarterly, available from Dec 1995 to Mar 2020. The data reached an all-time high of 101.2 %...www.ceicdata.com
From the original article:
The government has borrowed money in April and May to pay businesses who were closed due to the pandemic as well as 90+% of businesses being closed and hence 90+% of GDP gone for 2 months. Since the end of May most businesses have re-opened, so basically our post-pandemic debt ratio is better than your pre-pandemic debt ratio, even though the GDP figure being used is only ~83% of normal, non-pandemic GDP.The UK's debt is now worth more than its economy after the government borrowed a record amount in May.