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These people for sure do :stirthepot:

 

10. Luxembourg - $1,994,000,000,000 USD

9. Japan - $2,132,000,000,000 USD

8. Ireland - $2,386,000,000,000 USD

7. Spain - $2,409,000,000,000 USD

6. Netherlands - $2,452,000,000,000 USD

5. Italy - $2,567,000,000,000 USD

4. France - $5,201,000,000,000 USD

3. Germany - $5,208,000,000,000 USD

2. Britain - $9,087,000,000,000 USD

1. United States of America - $13,454,000,000,000 USD

 

And while all ten owe vast sums of money to foreign entities, total debt isn't the whole story. Comparing total external debt to GDP is also a useful calculation, as is the amount of public debt a particular country maintains. Still, some names on this list may surprise you. And, all except for one have trimmed their debt from where it stood the year prior.

 

(Courtesy of Huffington Post)

Edited by jesseps
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The US has 27.88x more debt than us. Luxembourg of all places has 3.98x more debt than us and yet they have a small ass population. Shit... If I did the math right each person in Luxembourg owes $4,040,526.85 USD :eek:

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Ahh numbers... so easy to manipulate in order to promote an idea. (Oh my god, all the evil socialist liberal countries are knee-deep in debt!)

 

Reality is a different story.

 

Here's the top 10 list of countries by debt as a percentage of GDP.

 

1. Zimbabwe 241.20

2. Japan 170.40

3. Lebanon 163.50

4. Jamaica 124.10

5. Singapore 113.70

6. Italy 103.70

7. Seychelles 92.60

8. Greece 90.10

9. Sudan 86.10

10. Egypt 84.70

 

Canada is ranked #21, the U.S. is ranked #22.

 

Luxembourg? It's actually at the bottom of the list with a miniscule 7.20. Sure they have a high debt, but their per capita GDP is absolutely astronomical. Those rich bastards.

 

It's like looking at "total number of births" and then gasping at India's high number. But then forgetting that India has a huge population to begin with, and that their birth rate is actually reasonably low. Certainly not compared to Congo for instance where the birth rate is ~ 50/1000 and the fertility rate is ~7.0.

Edited by Cataclaw
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Luxembourg? It's actually at the bottom of the list with a miniscule 7.20. Sure they have a high debt, but their per capita GDP is absolutely astronomical. Those rich bastards.

 

Those numbers don't add up. According to the first list, Japan and Luxembourg have nearly identical debts.

 

How can Japan, the world's second economy have a 170% debt-to-GDP ratio on $2 trillion, while Luxembourg gets a debt-to-GDP ratio of 7% on the same amount?

 

One (or both) of these lists is off.

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Those numbers don't add up. According to the first list, Japan and Luxembourg have nearly identical debts.

 

How can Japan, the world's second economy have a 170% debt-to-GDP ratio on $2 trillion, while Luxembourg gets a debt-to-GDP ratio of 7% on the same amount?

 

One (or both) of these lists is off.

 

I've double checked and my list is indeed correct for national debt. It seems the first list posted is for external debt.

 

When looking at external debt for per capita GDP:

 

United States is ranked 18th, comparable to the numbers for national debt. Canada is ranked 23rd.

 

As for Luxembourg, the list jesseps posted is for total external gross debt. Gross debt excludes any data pertaining to a nation being a creditor (where there is debt, there is credit). Luxembourg's net debt is very low, as i mentioned above.

 

So, yeah.

Edited by Cataclaw
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I just found this interesting US debt clock. Total US debt is over $55 Trillion USD! How the fuck do you run a country with a debt that size?

 

I just basically answered that in my posts jesseps. :eek::);)

 

Because even 55 trillion dollars is still not that much when you consider the size of the US economy.

 

Don't get me wrong... i want the debt reduced, i want fiscal responsibility for the U.S. But i'm just sayin'.

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I'm surprised how close Britain is to the debt level in the US. If I lived over there I would be fuming. Although I quite like British Labour (it's the best left-leaning party on earth, IMO), I would like the Tories to have a shot at running things, and I would like to see them pay down that monstrous debt! What could small countries possibly be doing with that kind of money??

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I just found this interesting US debt clock. Total US debt is over $55 Trillion USD! How the fuck do you run a country with a debt that size?

 

huh?!? where do you see that?? 55 Trillion is simply impossible. that would be 5 times the size of US economy.

 

The debt is more along 12 trillion.

 

http://www.usdebtclock.org/

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