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Cambridge Definition
the value of the goods and services that a country produces, compared with the amount of debt it has, used as a way of measuring how successful the economy of a particular country is:
Cambridge Link
DEBT RATIO – Cambridge English Dictionary
Wikipedia Definition
In economics, the debt-to-GDP ratio is the ratio of a country's accumulation of government debt (measured in units of currency) to its gross domestic product (GDP) (measured in units of currency per year). A low debt-to-GDP ratio indicates that an economy produces goods and services sufficient to pay back debts without incurring further debt.[1] Geopolitical and economic considerations – including interest rates, war, recessions, and other variables – influence the borrowing practices of a nation and the choice to incur further debt.[2]