A reader asked if I could give perspective on the Eurozone debt problems taking into account the relatively small size of Greece and relatively big trouble it’s caused for the world. Specifically, what is the risk of “contagion” or similar problems happening with bigger countries. I’ve been toying with Google’s motion charts lately so I thought it would be a good medium to demonstrate the Eurozone debt situation over time using various metrics.
It’s a busy chart, but it shows the change in Debt-to-GDP, Total Debt, and Total GDP between 1997 and 2013 (the 2012 and 2013 numbers are projected numbers).
Note: You have to press the Play button on the bottom left of the chart to see how each country changed over time.
You may have to refresh this page to see the chart. It’s flash based, so it may not work on some mobile devices.
You can actually play with the chart to visualize the data in multiple ways. By clicking in various spots you can change what data is shown on the X and Y axes, and you can also control the size and colours of the bubbles to correspond to different variables as well.
Data Sources:
European Commission Eurostat Statistics
GDP in Euros from 1.1.1999, in ECU up to 31.12.1998; Gross Domestic Product at market prices
Debt in Euros from 1.1.1999, in ECU up to 31.12.1998; AMECO Dataset, General Government consolidated Gross Debt
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