How related are government debt and GDP per capita?
This graph is for you to observe the nonexistence of any relationship. The correlation between these two datasets is only 9%. Every region has values across a wide range of debt values, however, each regions’ GDP variation is specific to that region. Conclusion – debt does not mean a better life. I guess – ways of using it do.
What: General government gross debt as a percent of GDP and GDP per capita at constant prices of 2010 in USD.
When: 2018
Where: Countries that have both statistics.
Source: IMF and WB