External Debt Rankings

Ranking of nations by external debt.

Another ranking here.

Countries we don't normally associate with high (external) debt are. Countries like Austria, Germany (although it remains a top creditor nation along with Switzerland and Japan), Netherlands and Switzerland.

Notice how Italy - often seen as the most indebted nation (because of its public debt as a percentage of GDP) - while endowed with a large debt in total dollars, by percentage of GDP and per capita, it's not one of the highest on the external side. As pointed out in another post by an economist, Italy's debt is mostly internal. It still doesn't mean there aren't severe problems with its economy. It's just the debt isn't the issue: Growth and wages are.

Canada, United States and Australia are stars next to some European nations.

No comments:

Post a Comment

Mysterious and anonymous comments as well as those laced with cyanide and ad hominen attacks will be deleted. Thank you for your attention, chumps.