The Tipping Point of Default

[Negusa Nagast 🚀]

What is the highest level of debt-to-GDP any nation obtained in the twentieth century without subsequently defaulting?

784%, by Guyana in 1990.

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http://www.imf.org/external/pubs/cat/longres.cfm?sk=24332.0

I thought it went without saying that I was asking "what is the highest level of debt-to-GDP any nation obtained in the twentieth century without subsequently defaulting, excluding nations that got assistance from the IMF?"

Then Israel, 1984 at 284%.

Thanks for saving me some time

Perhaps we're not all doomed after all...

The US has hit 117.5% and had room to spare.

While public debt is still increasing the debt in the private sector/household debt is on the decline.