Gross Domestic Debt

Views Updated: Dec 15, 2025

Key Facts

Abbreviation
GDD
Pronunciation
/groʊs dəˈmɛstɪk dɛt/
Category
Miscellaneous
Related Field
Unclassified

Examples in Context

  1. While the US and the UK worry that their public-sector debts could hit 80 per cent of gross domestic product, Japan's debt is heading for 200 per cent.
  2. But the fiscal deficit this year remains on track to be about 6.6 per cent of gross domestic product – and the national debt is heading up to 90 per cent, often regarded as the danger level.
  3. It says private debt and equity in mature markets are expected to grow more slowly, more in line with gross domestic product, as households and businesses reduce their debt burdens and corporate earnings fall back to long-term trends.
  4. This will both promote growth and generate tax revenues, lowering debt to gross domestic product ratios in the medium term and increasing debt sustainability.
  5. In the US, whose private sector gross debt soared from 118 per cent of gross domestic product in 1978 to 290 per cent in 2008, debt deflation could trigger a downward spiral of mass insolvency, falling demand and further deflation.

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