[yannickt]

Our household debt levels in Canada put the US to shame. Our household debt-to-income ratio is at 169%. And our household debt is something like 2.5x our GDP.

[marvin]

In Norway, the average household debt-to-income ratio is some 218% and still rising.

[NLips]

Please can you explain that? If household debt is 1.7 * household income, and household debt is 2.5 * GDP, then household income is >1.4 * GDP. Surely household income is a subset of GDP?