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National Debt per person, in Thousands of US Dollars, for the US, UK and Canada.

National Debt per person, in thousands of US Dollars, for the US, UK and Canada. Normalized to the US Dollar based upon the latest collected exchange rates for GBP and CDN dollars.

Plot Image
% time1793 and data1793 available for use
% for Exchange rate for GBP per USD
% time1792 and data1792 available for use
% for Exchange rate for CDN per USD
% time1218 and data1218 available for use
% for United States National Debt (per person)
% time1497 and data1497 available for use
% for United Kingdom National Debt (per person)
% Canada's National debt (per person)
%   time vector is: time1219
%   data vector is: data1219

GBPperUSD = data1793(end);
CDNperUSD = data1792(end);

USData = data1218/1000;
UKData = (data1497/GBPperUSD)/1000;
CAData = (data1219/CDNperUSD)/1000;

%USFit = polyfit(time1218,USData,1);   
%USFitData = USFit(1) .*time1218  + USFit(2); 

%UKFit = polyfit(time1497,UKData,1);   
%UKFitData = UKFit(1) .*time1497  + UKFit(2); 

%CAFit = polyfit(time1219,CAData,1);   
%CAFitData = CAFit(1) .*time1219  + CAFit(2);

plot(time1218, USData, '-r');
hold on;
plot(time1497, UKData, '-g');
plot(time1219, CAData, '-b');

%plot line fits too?
%plot(time1218, USFitData, '-k');
%plot(time1497, UKFitData, '-k');
%plot(time1219, CAFitData, '-k');

ylabel('Thousands of US Dollars per Capita');

legend(['US (1USD=',num2str(1,4),'USD)'],...
['UK (1GBP=',num2str(GBPperUSD,4),'USD)'],...
['CA (1CDN=',num2str(CDNperUSD,4),'USD)'],0);


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1 comment

I find it interesting that the level of US debt per capita is around the same as the approximately $51k median household income in the USA... so that $51k median household income gets divided amongst the household, but the debt burden is for EACH individual in the household. For some reason, economists think the median is more useful than the mean... so Im not finding that number right now, but it would be more useful for this discussion. So instead, lets consider GDP per capita.

In terms of GDP (sorry, only found 2011 data), the US has a GDP per capita of ~$48k. ~$39k for the UK, and ~$50k in Canada. So that begs some questions both about affordability of our debt here in the USA, vs that of our neighbors to the north and across the pond. From eyeballing the graph, thats a GDP per capita of ~ 4x the debt per capita in the UK. ~2.7x in Canada. ~1x in the USA. Of course thats comparing 2011 GDP to the beginning of the year.