Monday, December 17, 2018

financial sickness/imbalance worldwide


gross public debt as % of GDP:  (mostly for 2017)

Angola 88%
Argentina 54%
Australia 47%
Bangladesh 28%
Belgium 104%
Brazil 78%
Canada 90%
China 18.6%
Egypt 104%
E. U. 87%
France 98.5%
Greece 180%
Hong Kong 43%
India 50%
Indonesia 33%
Iran 14%
Iraq 64%
Italy 131%
Japan 224%
S. Korea 43%
Lebanon 142%
Liberia 46.5%
Mexico 51.5%
Mongolia 91%
Nepal 27%
Netherlands 59%
New Zealand 32%
Phillipines 42%
Poland 46%
Portugal 128%
Romania 38%
Russia 12%
Saudi Arabia 30%
Singapore 114.6%
South Africa 50%
Spain 97%
Switzerland 33%
Syria 58%
Taiwan 30%
Turkmenistan 24%
Ukraine 89%
U.A.E. 60%
UK 90%
USA 104%
Venezuela 26%
Vietnam 62%
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3-21-2018   The national debt is rising 36% faster than the US economy.  https://www.businessinsider.com/the-national-debt-is-rising-much-faster-than-the-economy-2018-3
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The Peter G. Peterson Foundation, established by a former commerce secretary and investment banker, argues that the $11.4 trillion debt figures does not take into account roughly $45 trillion in unlisted liabilities and unfunded retirement and health care commitments.    https://abcnews.go.com/Business/story?id=8000179&page=1
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The primary lenders to the US government are private groups in China, Japan and the Gulf oil states plus some within USA.   -r



https://www.investopedia.com/updates/usa-national-debt/
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By 2028, America’s government debt burden could explode from this year’s $15.5 trillion to a staggering $33 trillion—more than 20% bigger than it would have been had Trump’s (financial) agenda not passed.     http://fortune.com/2018/03/15/us-national-debt-trump-tax-cuts/

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