Difference between National Debt and External Debt

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National debt is the accumulated level of debt owed by the government of a country. External debt is debt owed by the government, businesses and people of a country to overseas lenders such as banks, the IMF, foreign companies and other creditors.
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Hi. What happens if a country has an external debt as more than 100% of GDP ?

For example, UK’s external debt in 2017 was 345% of GDP at $9.02 Trillion.

NityaStriker
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Hi, thanks for the video. For the General Government Debt to GDP ratio, how would you work this out: is it simply Debt/ GDP (annualised), so if the data is quarterly, debt/ (GDP *4)? The reason I ask is, since the debt figures are accumulative, while the quarterly GDP figures are in isolation, we couldnt divide debt quarterly/ GDP quarterly? Hope I explained the question properly. I'm a new student to macroeconomics. Thanks

downtownCAIRO
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If you look at world debt clock, lets say Korea has 27% external debt and Ireland 833% at the end of 2021. Any explanation ?

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