Why %GDP just bullshit is, like ø or other stats? Let we check some examples.

GDP Q2 2023: 26,834.953 (billion) https://perma.cc/3SHQ-CK82

Gross domestic product per capita 2022: 76,328 https://perma.cc/4QFM-ZT2M

Federal Debt: Total Public Debt as Percent of Gross Domestic Product Q1 2023: 118.57786 https://perma.cc/7Y6Q-7VUB

this means 118.57786/100*26834.953 = 31820

Now let we use 32 trio as public debt https://perma.cc/9KWV-M5FQ https://perma.cc/Q93T-XQVL, means 32000000000000/31820/1000000000=1.005 which make sense, since debt as % GDP is total debt / total GDP ....

Let we check per capita, this means 118.57786/100*76328 = 90508

Let we do the same 32000000000000/90508 = 353559000

Well, population in America is "In CBO’s projections, the U.S. population increases from 336 million people in 2023 to 373 million people in 2053" https://perma.cc/6WKN-HSEV ... fine, so it's exactly the amount of population in USA, if we consider various data errors ... but this still doesn't say anything!

Total Ages 18 And Over: 260,836,730
Ages 65 And Over: 57,794,852
18 To 24: 31,328,131
https://perma.cc/T6RX-EY95

Let we redo the math:
(32000000000000 / (260836730-57794852-31328131)/76328)*100 and we get 244% if we exclude kids, elderly and students! or 206.5% when students are considered or 160.7% if elderly are considered.

AGAIN, DOESN'T MAKE ANY SENSE TO CONSIDER WHOLE POPULATION, IF ELDERLY, STUDENTS AND KIDS ARE NOT PAYING TAXES ... (OR JUST FEW...)!

The Maastricht Treaty specifies reference values for the general government sector of the various EU Member States: 3% of gross domestic product (GDP) for the government deficit and 60% of GDP for government debt (the Maastricht criteria) https://perma.cc/CD76-Y5CB

Without students, kids and elderly there is just 50% of the total population .... 60% if we consider the students ... Remember that to get a bachelor you can have more than 25 years, like we said previously

So, can we say a country has just x % of GDP dept? NOPE! because is much worse in reality ...

This picture show exactly why ø is shit! Near 23 mio millionaires in USA (7%) we have 43 mio people living in poverty (12%), 9.8 mio unemployed (3%), 8.7 mio disabled (2.5%), 38% are paying taxes, 50% do a job (like previously wrote), but 16% part time, etc. and such stats are still saying nothing, because what does it mean poverty for each single family, etc ...

Remember, stats are just good for comparison, otherwise are simply shit you cannot trust or give too much value ...

Median income is even lower than GDP