Geoinformation on a Globe

In 2024 I found following nice little projects putting information on a globe.

The People Map (USA)

A People Map of the US, where city names are replaced by their most Wikipedia’ed resident: people born in, lived in, or connected to a place.

Notable People Map (Whole World)

Notable people using data from Morgane Laouenan et al., the map is showing birthplaces of the most „notable people“ around the world. Data has been processed to show only one person for each unique geographic location with the highest notability rank.

Why do I blog this? I always like innovative forms of visualization which ar enot that easy to realize. Putting stuff on a globe is still not that easy for normal people. So I applaud the possibility to have this stuff beeing thrown on a nice little globe. I also like e.g. miniture earth a lot.

Thirtynine US-Trillion $39T Debt = Balance

I asked perplexity.ai on Nov 9th, 2024:

How much is the current debt of the US of A and how much of the GDP is that in percent?

As of the most recent data available, the United States‘ debt situation is as follows:

Total Debt

The total federal government debt of the United States reached $35.7 trillion by October 2024 [4]. This represents a significant increase from earlier in the year, as the debt had grown by approximately $1 trillion in two separate 100-day periods since June 2024 [4].

Debt-to-GDP Ratio

The debt-to-GDP ratio, which measures the country’s debt relative to its economic output, stands at:

  • 122.3% of GDP as of June 2024, according to the most recent quarterly data [2].

This figure represents a slight decrease from the previous quarter, which was 123.2% [2]. However, it’s important to note that different sources may provide slightly varying figures due to differences in calculation methods and timing:

  • The Congressional Budget Office (CBO) estimated that federal debt held by the public is projected to rise from 99% of GDP in 2024 to 116% in 2034 [4].
  • Trading Economics expects the government debt-to-GDP ratio to reach 124.3% by the end of 2024 [3].

Historical Context

The current debt-to-GDP ratio is significantly higher than historical averages. From 1940 until 2023, the average government debt-to-GDP ratio in the United States was 65.7% [3]. The ratio reached an all-time high of 126.3% in 2020, largely due to the economic impact of the COVID-19 pandemic [3].

Composition of Debt

As of December 2023, the $33.1 trillion total federal debt was composed of:

  • $26.5 trillion held by the public
  • $12.1 trillion in intragovernmental debt [4]

Debt Servicing Costs

The annualized cost of servicing this debt was $726 billion in July 2023, which accounted for 14% of the total federal spending [4].

It’s worth noting that the debt and debt-to-GDP ratio are subject to frequent changes based on government spending, economic growth, and other factors. The trend indicates a continuing increase in both total debt and the debt-to-GDP ratio, which has implications for the country’s fiscal health and future economic policies.

Citations:
[1] https://www.ceicdata.com/en/indicator/united-states/total-debt–of-gdp
[2] https://www.ceicdata.com/en/indicator/united-states/government-debt–of-nominal-gdp
[3] https://tradingeconomics.com/united-states/government-debt-to-gdp
[4] https://en.wikipedia.org/wiki/National_debt_of_the_United_States
[5] https://www.macrotrends.net/global-metrics/countries/USA/united-states/debt-to-gdp-ratio
[6] https://www.statista.com/statistics/273294/public-debt-of-the-united-states-by-month/
[7] https://fred.stlouisfed.org/series/GFDEGDQ188S
[8] https://www.imf.org/external/datamapper/GG_DEBT_GDP@GDD/CAN/FRA/DEU/ITA/JPN/GBR/USA

Visualisierungen

U.S. Debt: Visualizing the $31.4 Trillion Owed in 2023


Source: Visual Capitalist, April 20, 2023

How Did the U.S. National Debt Get So Big?

Source: thebalancemoney, October 4, 2022

Why do i blog this? siehe Eine US-Trillion $1T Schulden = Guthaben

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