Monday, 1 August 2011

Slavery is Compulsory

If you are not a debt slave - then you will be forced to join the New World Order and become one.






http://www.economicshelp.org/blog/economics/list-of-national-debt-by-country/





Some selected levels of Public Sector debt in different countries:

•US Gross Debt 2010 – $14,867.5bn 97% of GDP (US Debt) (US have two figures, gross debt (97% of GDP) includes funds held by government e.g. social security. Net debt (60% of GDP) excludes this.
•Japan National Debt 228% of GDP 2011 (Japan national debt)
•Italy National Debt 115% of GDP (FT)
•UK National Debt 58% of GDP (UK) (note UK is now publishing two figures – one which includes bank bailouts and one which excludes. The figure in this graph is based on old calculation which includes financial sector intervention. The ONS now publish a figure without financial sector intervention. See (UK national debt for more details.


Other selected Levels of Public Debt as a % of GDP from 2010




1 Japan 225.80

2 Saint Kitts and Nevis 185.00

3 Lebanon 150.70

4 Zimbabwe 149.00

5 Greece 144.00

6 Iceland 123.80

7 Jamaica 123.20

8 Italy 118.10

9 Singapore 102.40

10 Belgium 98.60

11 Ireland 94.20

12 Sudan 94.20

13 Sri Lanka 86.70

14 France 83.50

15 Portugal 83.20

16 Egypt 80.50

17 Belize 80.00

18 Hungary 79.60

19 Germany 78.80

20 Dominica 78.00

21 Nicaragua 78.00

22 Israel 77.30

23 United Kingdom 76.50

24 Malta 72.60

25 Austria 70.40

26 Netherlands 64.60

27 Spain 63.40

28 Cote d’Ivoire 63.30

29 Jordan 61.40

30 Cyprus 61.10

31 Brazil 60.80

32 Mauritius 60.50

33 Ghana 59.90

34 World 59.30

35 Albania 59.30

36 Bahrain 59.20

37 United States 58.90

38 Seychelles 58.80

39 Morocco 58.20

40 Bhutan 57.80

41 Guyana 57.00

42 Vietnam 56.70

43 Philippines 56.50

44 Uruguay 56.00

45 India 55.90

46 Croatia 55.00

47 El Salvador 55.00

48 Poland 53.60

49 Malaysia 53.10

50 Kenya 50.90

51 Argentina 50.30

52 Pakistan 49.90

53 Tunisia 49.50

54 Turkey 48.10

55 Norway 47.70

56 Denmark 46.60

57 Aruba 46.30

58 Latvia 46.20

59 Finland 45.40

60 Colombia 44.80

61 United Arab Emirates 44.60

62 Costa Rica 42.40

63 Thailand 42.30

64 Dominican Republic 41.70

65 Mexico 41.50

66 Serbia 41.50

67 Slovakia 41.00

68 Mozambique 40.80

69 Sweden 40.80

70 Malawi 40.40

71 Czech Republic 40.00

72 Panama 40.00

73 Bolivia 39.70

74 Bangladesh 39.30

75 Ethiopia 39.30

76 Yemen 39.10

77 Bosnia and Herzegovina 39.00

78 Ukraine 38.40

79 Switzerland 38.20

80 Montenegro 38.00

81 Lithuania 36.70

82 Slovenia 35.50

83 Romania 34.80

84 Cuba 34.40

85 Macedonia 34.20

86 Canada 34.00

87 Taiwan 33.90

88 South Africa 33.20

89 Senegal 32.10

90 Syria 29.80

91 Guatemala 29.60

92 Papua New Guinea 27.80

93 Indonesia 26.40

94 Trinidad and Tobago 26.40

95 Honduras 26.10

96 Gabon 25.80

97 Algeria 25.70

98 New Zealand 25.50

99 Venezuela 25.50

100 Moldova 25.00

101 Zambia 24.10

102 Korea, South 23.70

103 Peru 23.60

104 Tanzania 23.30

105 Ecuador 23.20

106 Paraguay 22.80

107 Botswana 22.60

108 Australia 22.40

109 Uganda 20.40

110 Angola 20.30

111 Namibia 20.00

112 Hong Kong 18.20

113 China 17.50

114 Saudi Arabia 16.70

115 Bulgaria 16.20

116 Iran 16.20

117 Luxembourg 16.20

118 Kazakhstan 16.20

119 Nigeria 13.40

120 Kuwait 12.60

121 Qatar 10.30

122 Cameroon 9.60

123 Russia 9.50

124 Uzbekistan 9.00

125 Estonia 7.70

126 Gibraltar 7.50

127 Chile 6.20

128 Wallis and Futuna 5.60 .

129 Azerbaijan 4.60

130 Oman 4.40

131 Equatorial Guinea 4.10

132 Libya 3.30


Source: CIA factbook – National debt by Country

Notes: Japan’s Public sector debt is very high. However, Japan has a high savings rate which makes it easier for the government to finance the debt. 90% of Japanese debt is owned by Japanese individuals. US has a low savings ratio and 25% of US debt is owned by foreigners. Nevertheless the National Debt of Japan is a real burden for the economy.

An important factor is not just cumulative national debt, but, the annual budget deficit. This annual deficit determines the rate of deterioration in the public sector debt.

In the above list, the United States debt is given at just below 60% of national debt. But, a more commonly used statistics is gross government debt which stands at close to 97% of GDP.

External Debt
A different statistics is external debt, this the amount of debt a country owes to other countries. It includes both the private and public sector debt. See: list of external debt by country







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