USA 2012 Debt to GDP 105%

The USA debt the government owes itself, the debt-to-GDP ratio is roughly 73%. But including the debt held in government accounts, the ratio is about 105%. Either way, it’s the biggest debt load the country has had since World War II. That’s due to both the shrinkage of the overall economy — because of the terrible financial crisis/recession — and the increases in Federal spending, aimed in part at supporting the economy. By way of comparison, Moody’s lists troubled European countries such as Italy and Spain as having debt-to-GDP ratios of 120% and 69% at the end of 2011, respectively.