The 15 Countries Buried Under The Most Debt

Business Insider ^ | 07/16/2011 | Mamta Badkar

[SeekAndFind]

Soaring sovereign debt has called into question the existence of the eurozone. Investors however respond differently to each country's debt burden and deficits. But it isn't just major European countries that made this list. Island nations like St. Kitts & Nevis have amassed massive public debt.

We've ranked the 15 states with the worst debt to GDP ratios, and added CDS prices (where available) to point out what the market thinks of their outlook.

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CLICK ABOVE LINK FOR THE LIST ( one country on the list Surprised me, and one country NOT on the list surprised me too )

[Albion Wilde]

Every nation for itself.

[MrChips]

A surprising list! Singapore? Really!? And France?! Wow!

[Texas Fossil]

The 15 Countries Buried Under The Most Debt (% of GDP)

   
#15 Portugal
   
#14 France
   
#13 Sri Lanka
   
#12 Sudan

#11 Ireland
   
#10 Belgium

#9 Singapore

#8 Italy

#7 Jamaica

#6 Iceland

#5 Greece

#4 Zimbabwe

#3 Lebanon

#2 Saint Kitts and Nevis

#1 Japan

[saganite]

And that’s why Barry O is so upset. He wants to crack the top 15 really bad and if he gets another term he vows to take us into the top 10!

[goodnesswins]

Saint Kitts and Nevis?????? Never heard of them.

[bgill]

Geez, Japan beats us out again.

[kabar]

They don’t include the “Intragovernmental Holdings” part of the US debt ($4 trillion), which would put us in the top 15. This is just a measure of publicly held debt versus GDP.

[To-Whose-Benefit?]

I’m not buying it. Before we were torpedoed by the SS Obama when our debt was at $9.5 Trillion, that figure was calculated to be 301% of our GDP. And we certainly haven’t increased our GDP under Barry.

Oh, that’s it, the author forgot to include us on top of the pile, in position ZERO.

[fhayek]

I didn’t think Zimbabwe even HAD a GDP. Who knew?

[Cheetahcat]

“I didn’t think Zimbabwe even HAD a GDP. Who knew?”

They did until the democrats took over,Detroit would be another example.

[The Sons of Liberty]

I'm surprised that the USA was not there. I guess if we let Hussein have his way we'll be at the top in no time, - of course we'll no longer have a country!

Take Back AMERICA!
FUBO GTFO 2012 !

[PGalt]

Very interesting. Thanks for posting.

[death2tyrants]

#10 Belgium

That's due to the growing popularity of pancakes.

[The_Reader_David]

Of course, the U.S. only stays out of that list by crooked accounting. The U.S. “Debt held by the public” is only about 59% of GDP, but there’s another 30% of GDP in “Intra-government borrowing”, i.e. created by “funding” Social Security with Treasury securities, add that and we’re at 89% of GDP and into the top 15. And then there’s state and local debt (most countries don’t have an analogue of this, being unitary states) good for another maybe 12% of GDP, so actual governmental debt is over 100% of GDP.