Tiny Infographic #15
Global debt vs China GDP
Definition of Gross Domestic Product:
The monetary value of all the finished goods and services produced within a country’s borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory. http://www.investopedia.com/terms/g/gdp.asp
"Global debt markets have grown to an estimated $100 trillion in mid-2013, up from $70 trillion in mid-2007. Not surprisingly, given the significant expansion in government spending in recent years, governments (including central, state and local governments) have been the largest debt issuers."
International Banking and financial market developments
- BIS Quarterly review, march 2014
China GDP: 8,227,102,629,831