Jump to content
House Price Crash Forum
eric pebble

The World's Biggest Debtor Nations: No:1 Ireland, 811% Of Gdp.

Recommended Posts

Go here - http://www.cnbc.com/id/30308959/?slide=16

And hit the < button above the picture.

Truly shocking. And truly shaming.

now im not making excuses. but i wonder what the nett debt situation is, as the uk is one of the largest overseas investors in the world. we are the largest overseas investor in the usa.

thats the trouble with these things.but im am very worried by this countries position myself.

Share this post


Link to post
Share on other sites
isn't this bit misleading because we have lots of external, er, what's the opposite of debt, credit as well?

Each slide says GROSS external debt. So what's NET external debt?

Share this post


Link to post
Share on other sites
Each slide says GROSS external debt. So what's NET external debt?

i'm sure it would be easy enough to google but i can't be bothered, i know for certain that it's a double digit % of GDP, e.g. something like 20%-60% or whatever, this is a very broad range i know but still enough to tell you that the gross figures are essentially meaningless for the purpose intended by the author.

it's inevitable than an economy like ours, with a dominant financial sector, will have a huge gross external debt.

Edited by the flying pig

Share this post


Link to post
Share on other sites
Go here - http://www.cnbc.com/id/30308959/?slide=16

And hit the < button above the picture.

Truly shocking. And truly shaming.

On the very odd occation I can be bothererd explaning quite how badly off the UK is, I use the same site, your right, it's damn shame. I was going to retun to blighty, but two things have changed my mind, the weather and the fact the HPC is not over IMHO by a long way. Homes are still far too expensive. The UK became a depressing country when I left 5 years ago, I figure it's not going to get better for many, many years. Where and why did it go wrong?

Earnings_ratio.jpg

post-12852-1252420201.jpg

Share this post


Link to post
Share on other sites

This is an insult to the intelligence. Of course UK has large external debt, it has a huge banking sector. However this must be balanced with what is owed to UK. The true debt is the net difference. We could have the biggest external debt in the world yet be a creditor nation if they owed UK more.

Share this post


Link to post
Share on other sites
now im not making excuses. but i wonder what the nett debt situation is, as the uk is one of the largest overseas investors in the world. we are the largest overseas investor in the usa.

So we owe a sh!t load of money and have leant our money to the country LEAST likely to ever pay it back?

Share this post


Link to post
Share on other sites
I knew Ireland was worse than us but 811% is going some.

They've had dodgy governments for decades. We've just had one for 12 years.

Great Britain not so great and gone to the dogs springs to mind!

Share this post


Link to post
Share on other sites

External Debt Raw figures (All the debt)

https://www.cia.gov/library/publications/th...r/2079rank.html

Gov Debt raw figures

https://www.cia.gov/library/publications/th...r/2186rank.html

Gov debt is interesting in % GDP

1 Zimbabwe

259.40

2008 est.

2 Japan

173.00

2008 est.

3 Lebanon

164.30

2008 est.

4 Jamaica

109.60

2008 est.

5 Italy

105.90

2008 est.

6 Singapore

99.20

2008 est.

7 Greece

97.40

2008 est.

8 Sudan

93.50

2008 est.

9 Belgium

89.10

Zimbabwe gov in hot water, closely followed by japan :P

Edited by moosetea

Share this post


Link to post
Share on other sites
External Debt Raw figures (All the debt)

https://www.cia.gov/library/publications/th...r/2079rank.html

Gov Debt raw figures

https://www.cia.gov/library/publications/th...r/2186rank.html

Gov debt is interesting in % GDP

Zimbabwe gov in hot water, closely followed by japan :P

Iceland is now near the top with 250%

Share this post


Link to post
Share on other sites
Of course UK has large external debt, it has a huge banking sector. However this must be balanced with what is owed to UK. The true debt is the net difference. We could have the biggest external debt in the world yet be a creditor nation if they owed UK more.

True, but since the UK banking sector is apparently underwritten by the government for infinity pounds (an unspoken insurance policy for which it pays no premiums) then it might be better if it weren't quite so huge. I'm no anti-market Guardian reader, but I know a big fat externality when I see one. It doesn't all net out in the wash, life is not so simple.

Edited by bearly legal

Share this post


Link to post
Share on other sites

government debt is the most important figure...its what comes out of the consumers spending power.

regardless of what is owed back. If others see that we cant service our commitments, they aint gonna bother paying us either.

Share this post


Link to post
Share on other sites
Only 9 grand per person. Chickenfeed.

Seems about right, but less than a third of the population is in full time employment so it's more like £25-30k per full time worker. Not an impossible, heart-stopping amount of money, but still more than many would feel comfortable with.

Share this post


Link to post
Share on other sites
Seems about right, but less than a third of the population is in full time employment so it's more like £25-30k per full time worker. Not an impossible, heart-stopping amount of money, but still more than many would feel comfortable with.

Can I pay my share off now in cash, and avoid all the tax rises coming ;)

Share this post


Link to post
Share on other sites
So, does anyone here have the 'net' external debt figures for major countries?

Tried to find this on google without success :(

Wow, you can't read a 2 page thread, or go more than 4 search results down in Google :o

Edited by dazednconfused

Share this post


Link to post
Share on other sites
totalcreditdebtpercenta.jpg

It doesn't appear to tally with this.

Why is the US debt 95.05%??? What have they done to manipulate it this way?

External debt is money owed in currency other than the national currency.

Obviously, the US doesn't have much need for other people's paper.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   288 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.