What does all this mean for the overall economic health of these countries? Gross Domestic Product (GDP) is the total market value of all the goods and services produced by a country in a specific year. It functions as a scorecard for a country’s economic health. Comparing household debt to the nation’s GDP lets us look at how much debt citizens are holding compared to the country’s overall economic output, so we can see if any countries might be facing a household debt crisis in the near future.
Source: https://www.accrediteddebtrelief.com/blog/the-worlds-household-debt-visualized/
