An interesting picture is emerging: China is a creditor to other countries in the world to the tune of more than 1,300 billion dollars. This is according to a report published by AidData: "With new data from more than 700 state-owned lenders and donors in China, we show that Beijing remains the largest source of international development finance in the world. It continues to surpass all other bilateral and multilateral sources of aid and credit to the developing world, including the US and the World Bank." Note that China, together with Hong Kong, is by a wide margin the world's largest lender. The top 8 largest debtor countries have not changed for many years (Ireland is to be overtaken by Italy early next year), but the amount of debt is growing: 1. US, 2. UK, 3. Japan, 4. Netherlands, 5. France, 6. Ireland, 7. Italy, 8. Germany. G8 total external debt ~ over $63 trillion.
Showing posts with label Sovereign Debt. Show all posts
Showing posts with label Sovereign Debt. Show all posts
Thursday, November 9, 2023
Creditors And Debtors In The Real Sector Of The World
An interesting picture is emerging: China is a creditor to other countries in the world to the tune of more than 1,300 billion dollars. This is according to a report published by AidData: "With new data from more than 700 state-owned lenders and donors in China, we show that Beijing remains the largest source of international development finance in the world. It continues to surpass all other bilateral and multilateral sources of aid and credit to the developing world, including the US and the World Bank." Note that China, together with Hong Kong, is by a wide margin the world's largest lender. The top 8 largest debtor countries have not changed for many years (Ireland is to be overtaken by Italy early next year), but the amount of debt is growing: 1. US, 2. UK, 3. Japan, 4. Netherlands, 5. France, 6. Ireland, 7. Italy, 8. Germany. G8 total external debt ~ over $63 trillion.
Labels:
AidData,
Central Banking,
China,
Creditor,
Debtor,
G8,
Global Debt Crisis,
IMF,
Monetary System,
OECD,
Pravda,
Sovereign Debt,
USA
Monday, February 6, 2017
Government Debt per Capita | The Global Picture
HowMuch.net (23 November 2016) - National debt is one of the most debated issues in politics. After the global recession, people began questioning debt and the implications of too much debt. While some country’s have high debt and some have low, a better measure is the amount of debt dividend by population. Take a look at the map below to see how much people in each country owe towards their country’s debt.
In the map above, you can see each country with a number representing the amount of money each person owes towards the country’s debt. In the legend, countries are designated a color based on public debt as a percentage of GDP. The more each citizen of a country owes, the closer to the center of the map the country is. All figures are in US dollars.
Countries where people owe the most:
Japan: $85,694.87 per person
Ireland: $67,147.59 per person
Singapore: $56,112.75 per person
Belgium: $44,202.75 per person
United States: $42,503.98 per person
Canada: $42,142.61 per person
Italy: $40,461.11 per person
Iceland: $39,731.65 per person
Austria: $38,769.98 per person
United Kingdom: $36,206.11 per person
Countries where people owe the least:
Liberia: $27.44 per person
Tajikistan: $50.67 per person
Democratic Republic of Congo: $90.70 per person
Burundi: $97.62 per person
Kiribati: $126.98 per person
Malawi: $172.34 per person
Uzbekistan: $177.13 per person
Uganda: $194.23 per person
Haiti: $204.33 per person
Mali: $207.54 per person
Right in the center of the map lies Japan, the country with the highest amount of debt owed by each person. Japan has been piling up debt since its “economic miracle” wore off in the 1990s. Each Japanese person owes $85,694.87 towards Japan’s national debt, far more than any other country. Ireland also stands out from the crowd, with each Irish person owing $67,147.59 towards Ireland’s national debt. All of the other countries with a high amount of debt owed per person are developed nations like the United States, Belgium, Austria, United Kingdom, Italy, Germany and others. Developed nations are able to borrow more money because investors generally trust wealthier nations will pay back debt in full. Still, many wealth nations have a staggering amount of debt owed.
The countries with the lowest amount of debt owed per person are relatively poor nations. Liberians owe the least amount of money towards their country’s national debt at $27.44 per person. Other poor nations with low debt include Democratic Republic of Congo, at $90.70 per person, and Haiti, at $204.33 per person. Poor nations usually do not have the opportunity to take on national debt because investors are unwilling to offer loans to these nations. There are a few exceptions to the trend of poorer nations owing the least amount towards debt per person. Taiwan is a relatively wealthy nation with a large economy compared to the size of its population, but each Taiwanese citizen only owes $7,223.90 towards Taiwan’s national debt.
The trend in the chart is pretty clear: wealthier nations have more debt. Japan, Ireland and Singapore are above the trend, with Japanese people in particular owing a lot towards their country’s debt. People living in developed countries owe quite a bit towards their country’s national debt, while people living in undeveloped nations owe very little.
In the map above, you can see each country with a number representing the amount of money each person owes towards the country’s debt. In the legend, countries are designated a color based on public debt as a percentage of GDP. The more each citizen of a country owes, the closer to the center of the map the country is. All figures are in US dollars.
Countries where people owe the most:
Japan: $85,694.87 per person
Ireland: $67,147.59 per person
Singapore: $56,112.75 per person
Belgium: $44,202.75 per person
United States: $42,503.98 per person
Canada: $42,142.61 per person
Italy: $40,461.11 per person
Iceland: $39,731.65 per person
Austria: $38,769.98 per person
United Kingdom: $36,206.11 per person
Countries where people owe the least:
Liberia: $27.44 per person
Tajikistan: $50.67 per person
Democratic Republic of Congo: $90.70 per person
Burundi: $97.62 per person
Kiribati: $126.98 per person
Malawi: $172.34 per person
Uzbekistan: $177.13 per person
Uganda: $194.23 per person
Haiti: $204.33 per person
Mali: $207.54 per person
Right in the center of the map lies Japan, the country with the highest amount of debt owed by each person. Japan has been piling up debt since its “economic miracle” wore off in the 1990s. Each Japanese person owes $85,694.87 towards Japan’s national debt, far more than any other country. Ireland also stands out from the crowd, with each Irish person owing $67,147.59 towards Ireland’s national debt. All of the other countries with a high amount of debt owed per person are developed nations like the United States, Belgium, Austria, United Kingdom, Italy, Germany and others. Developed nations are able to borrow more money because investors generally trust wealthier nations will pay back debt in full. Still, many wealth nations have a staggering amount of debt owed.
The countries with the lowest amount of debt owed per person are relatively poor nations. Liberians owe the least amount of money towards their country’s national debt at $27.44 per person. Other poor nations with low debt include Democratic Republic of Congo, at $90.70 per person, and Haiti, at $204.33 per person. Poor nations usually do not have the opportunity to take on national debt because investors are unwilling to offer loans to these nations. There are a few exceptions to the trend of poorer nations owing the least amount towards debt per person. Taiwan is a relatively wealthy nation with a large economy compared to the size of its population, but each Taiwanese citizen only owes $7,223.90 towards Taiwan’s national debt.
The trend in the chart is pretty clear: wealthier nations have more debt. Japan, Ireland and Singapore are above the trend, with Japanese people in particular owing a lot towards their country’s debt. People living in developed countries owe quite a bit towards their country’s national debt, while people living in undeveloped nations owe very little.
Labels:
Global Debt Crisis,
OT,
Sovereign Debt
Sunday, October 23, 2016
The Pattern of US Bankruptcies | Cyclic Vibrations
I analyzed all the similar cyclical circumstances and under all of them the president of the United States was a republican. Those cyclical circumstances include 1861, 1881, 1971 and 2001. This gives us reason to believe that without question the next president of the United States will be Donald J. Trump. We can also look at Hillary Clinton's history to discern if she is likely to make it to the White House. First, We know that the similar cyclical circumstance in terms of the 54 month wave saw Hillary Clinton lose in the primaries against Obama. We also know that she lost against Obama once again in the similar cyclical position in terms of the 9 year cycle. We also know that she left the White House in the similar cyclical circumstance in terms of the 18 year cycle. Now that we are certain that Donald J Trump will win the election we can combine that with what we have discerned from the Gold Miner's index with his history of Bankruptcies. Donald Trump filed for bankruptcy a total of 6 times the last of which was in 2009. W.D. Gann said that the highest correlations occur with the most recent similar cyclical circumstance. The 2009 low is expected to reoccur in 2017 and hence we can expect a bankrupt United States government before the end of next year or the year after at the latest.
Trump's plan for his first 100 days in office (HERE) |
Labels:
18 Year Cycle,
54 Month Cycle,
9 Year Cycle,
Ahmed Farghaly,
Cyclic Vibrations,
Debt Crisis,
Donald John Trump,
FED,
Gold,
Kondratieff Cycle,
Sovereign Debt,
Timing Solution,
US T Bonds,
US-Election,
W.D. Gann
Saturday, January 16, 2016
Breakeaven Oil Price - Towards The Collapse Of Saudi Arabia
Thierry Meyssan (Jan 11, 2016) - [...] The fall of the House of Saud may be provoked by a reduction in the price of oil. Incapable of reforming its life-style, the kingdom is borrowing hand over fist, to the point that according to financial analysts, it will probably collapse within two years. The partial sale of Aramco may temporarily postpone its demise, but this will only be possible at the cost of a loss of autonomy. The decapitation of Sheikh al-Nimr will have been the straw that broke the camel’s back. The fall of Saudi Arabia is now inevitable because there is no hope left for the people who live there. The
country will be plunged into a mixture of tribal revolts and social
revolutions which will be far more murderous than the previous
Middle-Eastern conflicts.
Far from acting to prevent this tragic end, the US protectors of the kingdom are awaiting it with impatience. They continually praise Prince Mohammed’s «wisdom», as if encouraging him to make even more mistakes. Already in September 2001, the US Committee of the Chiefs of Staff were working on a map for the re-modelling of the «wider Middle East », which planned for the separation of the country into five states. In July 2002, Washington was considering ways of getting rid of the Saud family, during a famous session of the Defense Policy Board. From now on, it’s just a matter of time. Keep in mind: The United States have managed to solve the question of the succession of King Abdallah, but today, they are attempting to lead Saudi Arabia into error. Their objective is now to divide the countrry into five states. Wahhabism is the state religion, but the power of the Saud family, both interior and exterior, depends exclusively on Sunni tribes, while it subjects all other populations to apartheid. King Salman (80 years old) leaves the exercise of power to one of his children, Prince Mohammed (30 years old). The Prince has seized control of his country’s major companies, has declared war on Yemen, and has just executed the leader of the opposition, Sheikh al-Nimr."
According to the 2015 budget that Saudi Arabia’s King Salman bin Abdulaziz Al Saud unveiled on December 28, the Gulf state that is the symbol of oil producing and exporting countries will face a 367-billion-riyal deficit this year, which is about USD 87.0 billion. Saudi Arabia has never seen a budget deficit of such proportion; it is a historical record and equivalent to 15% of its gross domestic product (GDP). Saudi Arabia is directly and indirectly involved in four wars (Yemen, Syria, Iraq, and Libya) and is trying to make sure that the government of President Abdel Fattah el-Sisi in Egypt does not implode. In Syria, the Saudis are trying to overthrow President Assad and the costs have increased dramatically. On Saturday, January 16th the Saudi Arabia Tadawful stock index slumped 7% to its lowest level in five years after Brent oil fell below USD 29 a barrel. While all stock markets on the Arabian peninsula tumbled, the Iranian stock index gained one percent, making it one of the best performing markets in the world with gains of six percent since the start of the year (HERE).
Costs of Oil Production 2015 - Enlarge (Credits: Aargam) |
HERE |
Labels:
Bonds,
Crude Oil,
Iran,
Saudi Arabia,
Sovereign Debt,
Thierry Meyssan
Saturday, August 1, 2015
Ranking of Countries by Sovereign Debt in Percent of GDP and Absolute Debt
Labels:
Global Debt Crisis,
Sovereign Debt
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