Global debt to GDP ranking

[Storm Force]

This is a hot topic globally with the world recession.

What we all thought are super rich western countries are about to default on their debts.

THIS IS THE LIST OF THE WORLDS DEBTS AGAINST THEIR GDP.

Japan leads the way ie 225% of debt against the their GDP

List of sovereign states by public debt - Wikipedia, the free encyclopedia

PAKISTAN & INDIA are around 50%

china not suprisingly is lower

---------- Post added at 12:45 AM ---------- Previous post was at 12:42 AM ----------

future figs are even more intersting

china is at only 10% BRILLIANT

List of countries by future gross government debt - Wikipedia, the free encyclopedia

 

[Lyrical Mockery]

i always had this question: What if the west, particularly, USA refuses to pay back?

 

[Storm Force]

what does this tell us.

Japan itlay USA france uk are in real trouble

Russia china solid

EvEN INDIA will run at 60% debt quite high by china russia levels

---------- Post added at 12:48 AM ---------- Previous post was at 12:47 AM ----------

lyrical that cant happen they cant default

the whole globally system will collapse

 

[Lyrical Mockery]

and what if they do default? just as an possibility.

am really sorry for sounding so naive and asking all these, but m bad....too bad when it come to economics.

 

[Patrician]

Debt to GDP ratio is not an all-in-one ratio.

You cannot deduce anything by focussing on debt-GDP ratio alone.

In fact, in Economics, you cannot rely on any single factor or ratio alone.

 

[Storm Force]

GDP growth in the short term

2010 -2016

Very interesting

List of countries by past and future GDP (nominal) - Wikipedia, the free encyclopedia

---------- Post added at 12:54 AM ---------- Previous post was at 12:53 AM ----------

indoneasia 1.3 trillion GDP by 2016

twice that of saudi

5 x of pakistan

surely the richest and most powerful islamic nation on earth

 

[Götterdämmerung]

i always had this question: What if the west, particularly, USA refuses to pay back?

The US$ would lose its status as reserve currency and thus the status as super power. They might even face the disintegration of the US into several countries. Horrible scenario.

 

[isro2222]

@storm chinese economy worse then portugal and usa. Read on
jamesphieffer.com: China's Debt Problem Worse than Portugal - FoxBusiness.com and pakistans dept is just 50percent? You gotta be joking.... Read economic section on PDF.... The link u shown is b*llsh1T.

 

[Lyrical Mockery]

The US$ would lose its status as reserve currency and thus the status as super power. They might even face the disintegration of the US into several countries. Horrible scenario.

and what would be the effects on rest of the world?

Thoug a disintegretion is very remote.

 

[Götterdämmerung]

@storm chinese economy worse then portugal and usa. Read on
jamesphieffer.com: China's Debt Problem Worse than Portugal - FoxBusiness.com and pakistans dept is just 50percent? You gotta be joking.... Read economic section on PDF.... The link u shown is b*llsh1T.

FauxNews?

 

[isro2222]

@gotter its far better then wikipedia the free encylopedia.... Anyone can edit wikipedia.

 

[Götterdämmerung]

and what would be the effects on rest of the world?

Thoug a disintegretion is very remote.

Recession for all the developed countries that are highly integrated with the US, like most EU counties and Japan and Korea. China might get a bruised eye and lose a teeth, that is if China manages to boost internal consumption greatly. The IT business in India would be reduced to dust as the internal market is too small for this kind of products. But other industries will not be too much affected as India doesn't export much anyway.

---------- Post added at 09:12 PM ---------- Previous post was at 09:10 PM ----------

@gotter its far better then wikipedia the free encylopedia.... Anyone can edit wikipedia.

Why taking the two extremes when there are more relable sources like the World Bank and other UN institutions?

 

[Lyrical Mockery]

Thanks. That was informative

 

[patna_ke_presley]

The US$ would lose its status as reserve currency and thus the status as super power. They might even face the disintegration of the US into several countries. Horrible scenario.

 

[isro2222]

@gotter then put the link forward....
by the way i was shocked when storm said pakistan debt 50percent.... i mean come on.... External debt of pakistan stands at 60 billion dollars, nearly 4 times of the current forex reserve....