Written question asked by Lord Birt (Crossbench) on Tuesday, 27 January 2015, in the House of Lords. It was due for an answer on Tuesday, 10 February 2015. It was answered by Lord Deighton (Conservative) on Tuesday, 10 February 2015 on behalf of the Treasury.

Debts

Question: To ask Her Majesty’s Government, further to the Written Answer by Lord Deighton on 7 July 2014 (HL686), what is the aggregate value of the debt of the government, non-financial corporations, the household sector and financial institutions as a proportion of Gross Domestic Product for the United Kingdom, and for the other G7 countries.

Answer

The latest data from the OECD is available from 2012 and is presented below:

	Debt as a % of nominal GDP (2012)
Country	Private Sector*	General Government	Financial Corporations**
United States	196.6%	123.3%	258.7%
Canada	235.3%	109.0%	274.0%
Italy	178.7%	134.9%	202.8%
France	218.4%	110.4%	221.8%
Germany	153.8%	86.2%	252.1%
Japan	240.5%	235.9%	463.3%
UK	195.1%	95.6%	423.9%

*Private sector is non-financial corporations and households

**Financial corporations is securities (other than shares and derivatives), plus loans

Notes:

The UK and other nations moved to the new European System of Accounts 2010 standard in September 2014 which mean that the GDP debt levels are not comparable with previous PQ answered by Lord Deighton on 7 July 2014 (HL686).

A liability (debt) for one sector is often an asset for another.

Secondary information

Type: Written question
Reference: HL4482
Session: 2014-15
Related items: Debts
Monday, 7 July 2014
Written questions
House of Lords; Debts
Monday, 9 March 2015
Written questions
House of Lords; Debts
Wednesday, 23 December 2015
Written questions
House of Lords
Subjects: Debts
Contains statistics: Yes
Link: View this Written question on www.parliament.uk

Debts

Secondary information

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