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Post # 1
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Join Date: 18 Oct 2010
Location:  Saudi ArabiaPosts: 9 |
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World's Richest Governments |
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World's Richest Governments. . .
Interesting attachment for those who are financially inclined to get a better perspective on the world's economies Enjoy and Have a Great Week!!!! We know the world's richest man is Carlos Slim Helu of Mexico, followed by Bill Gates and Warren Buffet of USA. How about governments? Which countries’ government is the richest (having most money that is, in US$). If you are expecting North American and European nations, you might be disappointed. While the countries look rich, wealthy European nations can't withstand a prolonged major financial crisis, just like Greece. The USA might have the biggest economy, but the American government is not at all rich; in fact, it can't even take out $150bn if asked to now without resorting to borrowing. To date the US government has borrowed $14 trillion! The UK, likewise, while the country/people are rich, the government isn't. The UK government’s debt stands at $9 trillion now. World’s Richest Government Richest governments after 2008-2009 financial crisis: 1. China National reserves: $2,454,300,000,000 2. Japan National reserves: $1,019,000,000,000 3. Russia National reserves: $458,020,000,000 4. Saudi Arabia National reserves: $395,467,000,000 5. Taiwan National reserves: $362,380,000,000 6. India National reserves: $279,422,000,000 7. South Korea National reserves: $274,220,000,000 8. Switzerland National reserves: $262,000,000,000 9. Hong Kong, China National reserves: $256,000,000,000 10. Brazil National reserves: $255,000,000,000 Here are the rest, in million US$: 011 Singapore / 203,436 012 Germany / 189,100 013 Thailand / 150,000 014 Algeria / 149,000 015 France / 140,848 016 Italy / 133,104 017 United States / 124,176 018 Mexico / 100,096 019 Iran / 96,560 020 Malaysia / 96,100 021 Poland / 85,232 022 Libya / 79,000 023 Denmark / 76,315 024 Turkey / 71,859 025 Indonesia / 69,730 026 United Kingdom / 69,091 027 Israel / 62,490 028 Canada / 57,392 029 Norway / 49,223 030 Iraq / 48,779 031 Argentina / 48,778 032 Philippines / 47,650 033 Sweden / 46,631 034 United Arab Emirates / 45,000 035 Hungary / 44,591 036 Romania / 44,056 037 Nigeria / 40,480 038 Czech Republic / 40,151 039 Australia / 39,454 040 Lebanon / 38,600 041 Netherlands / 38,372 042 South Africa / 38,283 043 Peru / 37,108 044 Egypt / 35,223 045 Venezuela / 31,925 046 Ukraine / 28,837 047 Spain / 28,195 048 Colombia / 25,141 049 Chile / 24,921 050 Belgium / 24,130 051 Brunei / 22,000 052 Morocco / 21,873 053 Vietnam / 17,500 054 Macau / 18,730 055 Kazakhstan / 27,549 056 Kuwait / 19,420 057 Angola / 19,400 058 Austria / 18,079 059 Serbia / 17,357 060 Pakistan / 16,770 061 New Zealand / 16,570 062 Bulgaria / 16,497 063 Ireland / 16,229 063 Portugal / 16,254 064 Croatia / 13,720 065 Jordan / 12,180 066 Finland / 11,085 067 Bangladesh / 10,550 068 Botswana / 10,000 069 Tunisia / 9,709 070 Azerbaijan / 9,316 071 Bolivia / 8,585 072 Trinidad and Tobago / 8,100 073 Yemen / 7,400 074 Uruguay / 8,104 075 Oman / 7,004 076 Latvia / 6,820 077 Lithuania / 6,438 078 Qatar / 6,368 079 Cyprus / 6,176 080 Belarus / 6,074 081 Syria / 6,039 082 Uzbekistan / 5,600 083 Luxembourg / 5,337 084 Guatemala / 5,496 085 Greece / 5,207 086 Bosnia and Herzegovina / 5,151 087 Cuba / 4,247 088 Costa Rica / 4,113 089 Equatorial Guinea / 3,928 090 Ecuador / 3,913 091 Iceland / 3,823 092 Paraguay / 3,731 093 Turkmenistan / 3,644 094 Estonia / 3,583 095 Malta / 3,522 096 Myanmar / 3,500 097 Bahrain / 3,474 098 Kenya / 3,260 099 Ghana / 2,837 100 El Salvador / 2,845 101 Sri Lanka / 2,600 102 Cambodia / 2,522 103 Côte d'Ivoire / 2,500 104 Tanzania / 2,441 105 Cameroon / 2,341 106 Macedonia / 2,243 107 Dominican Republic / 2,223 108 Papua New Guinea / 2,193 109 Honduras / 2,083 110 Armenia / 1,848 111 Slovakia / 1,809 112 Mauritius / 1,772 113 Albania / 1,615 114 Kyrgyzstan / 1,559 115 Jamaica / 1,490 116 Mozambique / 1,470 117 Gabon / 1,459 118 Senegal / 1,350 119 Georgia / 1,300 120 Panama / 1,260 121 Sudan / 1,245 122 Zimbabwe / 1,222 123 Slovenia / 1,105 124 Moldova / 1,102 125 Zambia / 1,100 126 Nicaragua / 1,496 127 Mongolia / 1,000 128 Chad / 997 129 Burkina Faso / 897 130 Lesotho / 889 131 Ethiopia / 840 132 Benin / 825 133 Namibia / 750 134 Madagascar / 745 135 Barbados / 620 136 Laos / 514 137 Rwanda / 511 138 Swaziland / 395 139 Togo / 363 140 Cape Verde / 344 141 Tajikistan / 301 142 Guyana / 292 143 Haiti / 221 144 Belize / 150 145 Vanuatu / 149 146 Malawi / 140 147 Gambia / 120 148 Guinea / 119 149 Burundi / 118 150 Seychelles / 118 151 Samoa / 70 152 Tonga / 55 153 Liberia / 49 154 Congo / 36 155 São Tomé and PrÃncipe / 36 156 Eritrea / 22 Big national reserves doesn't guarantee prosperity however, for instance, the yearly expenses for China's government is $1.11 trillion, their government must always think of economic growth and making more money. China’s gov't overspent $110bn last year, much on it towards modernizing their military, if it goes on like this their reserves can only last for 22 yrs. The Malaysian gov't overspent $13bn last year, if it goes on like this their reserves can only last for 7 yrs. The Singaporean government overspent $3bn last year, much of it rescuing their banks from financial crisis, if it goes on like this their reserves can last 68 yrs. The Swiss gov't overspent $1bn last year, if it goes on like this their reserves can last 262 yrs. A country normally can borrow up to 100% its GDP, a very strong industrial country or very financial stable nation can borrow up to perhaps 200% its GDP, debts over 250% GDP the country is bankrupted. Greece's Debts Is 113.40% GDP, In Danger As It Is Not Considered A Strong Industrial Or Financial Country. Iceland Is 107.60%, Also In Crisis As It Is Not So Strong Industrial Or Financially. Singapore Debts Is 113.10%, Not In Hot Water Due To Its Global Financial Hub Status, And Also Its Financial Strength. It's Only Dangerous For Singapore When It Reaches 200% Japan Debts Is 189.30%, Still Under Radar As A Powerful Industrial Nation. It Needs To Panic Only At Around 200% US Has The World Largest Debts, But It Is Only 62% Its GDP, It Is Not In Any Immediate Danger Of Bankruptcy. Zimbabwe Debts Is 282.60% GDP, It Is A Bankrupted Nation. Malaysia Debts Is Currently At 53.70% GDP. Hong Kong And Taiwan Is Doing Pretty Good With Debts At 32-37% GDP South Korea Is Even Better With Debts At 23.5% GDP China Is Very Stable With Debts At 16.90% GDP Russia Is Like A Big Mountain With Debts Only At 6.30% GDP There Are Only 5 Countries With No Debt (I.E. 0%):- Brunei, Liechtenstein, Palau, Nieu, And Macau Of China. /*/ |
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Post # 2
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Join Date: 22 Oct 2010
Location: Saudi ArabiaPosts: 1 |
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RE: World's Richest Governments |
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Informative post! Nice. |
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Post # 3
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Join Date: 02 Aug 2011
Location: Saudi ArabiaPosts: 5 |
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RE: World's Richest Governments |
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Plz can u tell me where is INDIA? (THE GREAT) |
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Post # 4
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Join Date: 10 Sep 2011
Location: Saudi ArabiaPosts: 135 |
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RE: World's Richest Governments |
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friend you forget kuwait . good for knowledge but provide us latest it will be better. |
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