Thursday, September 29, 2011

The 20 Countries with the Most Debt

CANADA.COM -- "With the recent spotlight on the debt crisis in Greece and other European nations, we take a look at the countries that are most in debt, calculated by the World Bank's data on gross external debt as a percentage of the GDP. The top ranking nations may surprise you."

 HT: Che is Dead

9 Comments:

At 9/29/2011 3:23 PM, Blogger Rufus II said...

And, they are?

 
At 9/29/2011 3:44 PM, Blogger Eric H said...

Benjamin, I noticed that Japan is not on the list.

Neither are those countries the Nobel Peace Prize Winner is currently "liberating".

 
At 9/29/2011 4:12 PM, Blogger bix1951 said...

what is "gross external debt"??

 
At 9/29/2011 4:17 PM, Blogger bix1951 said...

I looked it up. Just means all the money owed to entities in other countries. So what? And how much do they owe us?
I always say it doesn't matter to me if I owe money to somebody in New York or somebody in Tokyo.
I plan to pay it back!

 
At 9/29/2011 5:04 PM, OpenID bbb said...

Looks like the journalists had some problems with understanding the difference betwees gross ecternal debt and public debt including public external debt.

 
At 9/29/2011 6:46 PM, Blogger rjs said...

its a lot of european countries...not too much of surprise there, often they owe it to each other..

a net external debt would be interesting...

 
At 9/29/2011 7:08 PM, Blogger Hans said...

Che is in debt!

Nice post, Che!

 
At 9/29/2011 7:26 PM, Blogger Michael E. Marotta said...

Who else would you lend money to, Zimbabwe?

"Debt" (so-called) is only a loan against assets (present or future) that has not been cleared. If you want to grab headlines, don't call them "debtors" rather label them "con artists." Unless the loans actually are paid off ... at which point money is destroyed and those productive people become the "evaporators of bank balances."

 
At 10/01/2011 6:24 PM, Blogger Seamus Coffey said...

The huge figure for Ireland is largely the result of a substantial international financial services centre in Dublin and has little relevance to the domestic economy. An actual external debt figure of more than 13 times GDP (16 times GNP) is only an absurdity.

 

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