Figure 17: Debt as a percentage of gross operating surplus for non-financial corporations in major economies (%), 1999 to 2013
Source: Office for National Statistics, Organisation for Economic Co-operation and Development
The UK data presented above uses an OECD-consistent definition of debt: “Debt is defined as a specific subset of liabilities. All debt instruments are liabilities, but some liabilities such as shares, equity and financial derivatives are usually not considered as debt. Debt is thus usually obtained by adding up the following liability categories: securities other than shares except financial derivatives, loans, and other accounts payable. Consolidated data are used for this indicator"