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Debt to GDP definition from wikipedia as follows.
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http://en.wikipedia.org/wiki/Debt-to-GDP_ratio
In economics, the debt-to-GDP ratio is one of the indicators of the health of an economy. It is the amount of national debt of a country as a percentage of its Gross Domestic Product (GDP).
A low debt-to-GDP ratio indicates an economy that produces a large number of goods and services and probably profits that are high enough to pay back debts.
Governments aim for low debt-to-GDP ratios and can stand up to the risks involved by increasing debt as their economies have a higher GDP and profit margin.
Debt-to-GDP measures the financial leverage of an economy; some economists, such as Steve Keen, advocate using it as the key measure of a credit bubble (both its level and its change – particularly of private debt and total debt), and high levels of government debt (public debt) are widely decried as fiscal irresponsibility.
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So now the question is why Singapore has such a high debt to GDP ratio of 100.8% in 2012?
http://www.tradingeconomics.com/singapore/government-debt-to-gdp
<iframe src='http://www.tradingeconomics.com/iframe/chart.aspx?url=/singapore/government-debt-to-gdp' height='350' width='700' frameborder='0' scrolling='no'></iframe><br />Source: <a href='http://www.tradingeconomics.com/singapore/government-debt-to-gdp' target='_blank'>tradingeconomics.com</a><br />
Check out the list of debt to GDP of other countries here. http://www.tradingeconomics.com/country-list/government-debt-to-gdp
==========================================
http://en.wikipedia.org/wiki/Debt-to-GDP_ratio
In economics, the debt-to-GDP ratio is one of the indicators of the health of an economy. It is the amount of national debt of a country as a percentage of its Gross Domestic Product (GDP).
A low debt-to-GDP ratio indicates an economy that produces a large number of goods and services and probably profits that are high enough to pay back debts.
Governments aim for low debt-to-GDP ratios and can stand up to the risks involved by increasing debt as their economies have a higher GDP and profit margin.
Debt-to-GDP measures the financial leverage of an economy; some economists, such as Steve Keen, advocate using it as the key measure of a credit bubble (both its level and its change – particularly of private debt and total debt), and high levels of government debt (public debt) are widely decried as fiscal irresponsibility.
==================================================
So now the question is why Singapore has such a high debt to GDP ratio of 100.8% in 2012?
http://www.tradingeconomics.com/singapore/government-debt-to-gdp
<iframe src='http://www.tradingeconomics.com/iframe/chart.aspx?url=/singapore/government-debt-to-gdp' height='350' width='700' frameborder='0' scrolling='no'></iframe><br />Source: <a href='http://www.tradingeconomics.com/singapore/government-debt-to-gdp' target='_blank'>tradingeconomics.com</a><br />
Check out the list of debt to GDP of other countries here. http://www.tradingeconomics.com/country-list/government-debt-to-gdp
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