Americans' Credit Card Debt Equals About 50 Percent of India's GDP

Well, at times we tend to compare stats that really are not comparable - for instance, we spotted this some time back -Student Loans In The U.S More Than China’s Total External Debt - we have one more today. Credit-card balances in the US (having dropped in three of the past five months) is now at about $850 billion (Source) - here is one way to digest that fact - India's GDP is about 1.9 trillion dollars (Source) so the revolving credit of Americans is about half of India's GDP - well, more or less. An obvious point - but helps us understand the magnitude of things.