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CIA - The World Factbook (Who has money? Who doesn't?)
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| 2007
| CIA
Posted on 02/26/2008 7:14:05 AM PST by FreeInWV
Rank Order - Current account balance
Countries for which no information is available are not included in this list.
Rank Country Current account balance Date of Information
1 China $ 363,300,000,000 2007 est.
2 Japan $ 201,300,000,000 2007 est.
3 Germany $ 185,100,000,000 2007 est.
4 Saudi Arabia $ 88,890,000,000 2007 est.
5 Russia $ 74,000,000,000 2007 est.
6 Switzerland $ 67,890,000,000 2007 est.
7 Netherlands $ 59,280,000,000 2007 est.
8 Norway $ 55,820,000,000 2007 est.
9 Kuwait $ 51,490,000,000 2007 est.
10 Singapore $ 41,390,000,000 2007 est.
11 United Arab Emirates $ 36,110,000,000 2007 est.
12 Algeria $ 31,500,000,000 2007 est.
13 Sweden $ 30,190,000,000 2007 est.
14 Canada $ 28,460,000,000 2007 est.
15 Malaysia $ 25,930,000,000 2007 est.
16 Taiwan $ 23,800,000,000 2007 est.
17 Hong Kong $ 19,870,000,000 2007 est.
18 Iran $ 19,000,000,000 2007 est.
19 Finland $ 17,120,000,000 2007 est.
20 Venezuela $ 17,020,000,000 2007 est.
21 Nigeria $ 14,610,000,000 2007 est.
22 Angola $ 13,640,000,000 2007 est.
23 Austria $ 12,610,000,000 2007 est.
24 Libya $ 11,710,000,000 2007 est.
25 Luxembourg $ 11,300,000,000 2007 est.
26 Belgium $ 11,040,000,000 2007 est.
27 Indonesia $ 10,210,000,000 2007 est.
28 Brazil $ 10,200,000,000 2007 est.
29 Philippines $ 9,040,000,000 2007 est.
30 Thailand $ 8,619,000,000 2007 est.
31 Chile $ 8,184,000,000 2007 est.
32 Iraq $ 7,802,000,000 2007 est.
33 Qatar $ 7,733,000,000 2007 est.
34 Azerbaijan $ 7,535,000,000 2007 est.
35 Argentina $ 7,438,000,000 2007 est.
36 Israel $ 5,941,000,000 2007 est.
37 Denmark $ 4,699,000,000 2007 est.
38 Trinidad and Tobago $ 4,288,000,000 2007 est.
39 Oman $ 3,785,000,000 2007 est.
40 Korea, South $ 3,700,000,000 2007 est.
41 Egypt $ 3,115,000,000 2007 est.
42 Uzbekistan $ 3,045,000,000 2007 est.
43 Botswana $ 2,231,000,000 2007 est.
44 Peru $ 2,045,000,000 2007 est.
45 Bahrain $ 2,009,000,000 2007 est.
46 Burma $ 1,676,000,000 2007 est.
47 Gabon $ 1,626,000,000 2007 est.
48 Bolivia $ 1,325,000,000 2007 est.
49 Congo, Republic of the $ 1,094,000,000 2007 est.
50 Namibia $ 1,065,000,000 2007 est.
51 Cote d'Ivoire $ 1,056,000,000 2007 est.
52 Turkmenistan $ 689,300,000 2007 est.
53 Bangladesh $ 683,000,000 2007 est.
54 Morocco $ 433,900,000 2007 est.
55 Papua New Guinea $ 314,000,000 2007 est.
56 Equatorial Guinea $ 250,000,000 2007 est.
57 Yemen $ 178,000,000 2007 est.
58 Zambia $ 150,000,000 2007 est.
59 British Virgin Islands $ 134,300,000 1999
60 Cook Islands $ 26,670,000 2005
61 Palau $ 15,090,000 FY03/04
62 Macedonia $ 5,000,000 2007 est.
63 Tuvalu $ 2,323,000 1998
64 Samoa $ -2,428,000 FY03/04
65 Tonga $ -4,321,000 FY04/05
66 Comoros $ -17,000,000 2005 est.
67 Kiribati $ -19,870,000 2004
68 Swaziland $ -26,710,000 2007 est.
69 Lesotho $ -28,000,000 2007 est.
70 Vanuatu $ -28,350,000 2003
71 Gambia, The $ -31,690,000 2007 est.
72 Micronesia, Federated States of $ -34,300,000 FY05 est.
73 Anguilla $ -42,870,000 2003 est.
74 Belize $ -54,000,000 2007 est.
75 Sao Tome and Principe $ -58,000,000 2007 est.
76 Paraguay $ -82,000,000 2007 est.
77 Antigua and Barbuda $ -83,400,000 2004
78 Uruguay $ -100,000,000 2007 est.
79 Tajikistan $ -102,000,000 2007 est.
80 Burundi $ -137,300,000 2007 est.
81 Seychelles $ -141,000,000 2007 est.
82 Chad $ -144,500,000 2007 est.
83 Togo $ -165,500,000 2007 est.
84 Rwanda $ -172,800,000 2007 est.
85 Guinea $ -175,000,000 2007 est.
86 Malawi $ -180,000,000 2007 est.
87 Haiti $ -184,800,000 2007 est.
88 Cape Verde $ -218,000,000 2007 est.
89 Guyana $ -229,700,000 2007 est.
90 Uganda $ -241,000,000 2007 est.
91 Armenia $ -275,100,000 2007 est.
92 Benin $ -278,800,000 2007 est.
93 Eritrea $ -343,100,000 2007 est.
94 Laos $ -355,000,000 2007 est.
95 Zimbabwe $ -409,000,000 2007 est.
96 Cambodia $ -410,000,000 2007 est.
97 Malta $ -411,000,000 2007 est.
98 Honduras $ -446,000,000 2007 est.
99 Fiji $ -465,800,000 2006 est.
100 Cameroon $ -501,000,000 2007 est.
101 Mauritius $ -552,000,000 2007 est.
102 Moldova $ -569,000,000 2007 est.
103 Ecuador $ -600,000,000 2007 est.
104 Kyrgyzstan $ -677,300,000 2007 est.
105 Mozambique $ -726,000,000 2007 est.
106 Cuba $ -750,000,000 2007 est.
107 Burkina Faso $ -752,000,000 2007
108 Nicaragua $ -754,000,000 2007 est.
109 Panama $ -861,000,000 2007 est.
110 Albania $ -918,000,000 2007 est.
111 El Salvador $ -929,000,000 2007 est.
112 Tunisia $ -935,000,000 2007 est.
113 Kenya $ -980,000,000 2007 est.
114 Senegal $ -1,034,000,000 2007 est.
115 Sri Lanka $ -1,118,000,000 2007 est.
116 Madagascar $ -1,145,000,000 2007 est.
117 Vietnam $ -1,199,000,000 2007 est.
118 Cyprus $ -1,236,000,000 2007 est.
119 Costa Rica $ -1,259,000,000 2007 est.
120 Tanzania $ -1,422,000,000 2007 est.
121 Slovenia $ -1,429,000,000 2007 est.
122 Ghana $ -1,470,000,000 2007 est.
123 Jamaica $ -1,573,000,000 2007 est.
124 Georgia $ -1,582,000,000 2007 est.
125 Jordan $ -1,690,000,000 2007 est.
126 Guatemala $ -1,772,000,000 2007 est.
127 Ethiopia $ -1,851,000,000 2007 est.
128 Dominican Republic $ -1,993,000,000 2007 est.
129 Bosnia and Herzegovina $ -2,021,000,000 2007 est.
130 Syria $ -2,160,000,000 2007 est.
131 Serbia $ -2,451,000,000 2005 est.
132 Belarus $ -3,056,000,000 2007 est.
133 Estonia $ -3,092,000,000 2007 est.
134 Slovakia $ -3,119,000,000 2007 est.
135 Lebanon $ -3,337,000,000 2007 est.
136 Iceland $ -3,384,000,000 2007 est.
137 Croatia $ -3,836,000,000 2007 est.
138 Ukraine $ -3,890,000,000 2007 est.
139 Sudan $ -4,465,000,000 2007 est.
140 Kazakhstan $ -4,643,000,000 2007 est.
141 Colombia $ -5,132,000,000 2007 est.
142 Lithuania $ -5,320,000,000 2007 est.
143 Mexico $ -5,414,000,000 2007 est.
144 Czech Republic $ -5,701,000,000 2007 est.
145 Latvia $ -5,839,000,000 2007 est.
146 Pakistan $ -6,477,000,000 2007 est.
147 Hungary $ -6,681,000,000 2007 est.
148 Bulgaria $ -7,189,000,000 2007 est.
149 New Zealand $ -9,973,000,000 2007 est.
150 Ireland $ -12,600,000,000 2007 est.
151 South Africa $ -16,280,000,000 2007 est.
152 Poland $ -18,130,000,000 2007 est.
153 India $ -18,530,000,000 2007 est.
154 Portugal $ -18,530,000,000 2007 est.
155 Romania $ -20,950,000,000 2007 est.
156 France $ -35,940,000,000 2007 est.
157 Turkey $ -36,270,000,000 2007 est.
158 Greece $ -36,400,000,000 2007 est.
159 Australia $ -50,960,000,000 2007 est.
160 Italy $ -57,940,000,000 2007 est.
161 United Kingdom $ -111,000,000,000 2007 est.
162 Spain $ -126,300,000,000 2007 est.
163 United States $ -747,100,000,000 2007 est.
TOPICS: Business/Economy; Foreign Affairs
KEYWORDS: debt; foreignaid
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To: agere_contra
"current account" means trade balance. If we buy a pound of copper from Hellholeistan, they have a "surplus" and we have a "deficit." (and we have the copper and they have a piece of paper). That's all it means.
If the US is a good place to invest, and the Emir of Hellholeistan invests here, that is the flip side of the transaction. If no one ever wants to invest there, they'll always run a "surplus."
The trade balance can be important, but not just in a simple-minded plus or minus sense. The US ran big "deficits" all during our periods of most explosive growth -- because people wanted to invest here.
To: Lord_Calvinus
Clinton had nothing to do with the balanced budget. It was Newt Gingrich and the Contract with America that cut SPENDING.
If you go back and watch Clinton's SOTU speeches the first 2 years, he stated "Deficits as far as the eye can see". When Newt took over, remember the gubmint shutdown? He held the line on spending and FORCED the issue on Billy.
22
posted on
02/26/2008 9:16:45 AM PST
by
chuckles
To: chuckles
Don’t get me wrong: Bill was not the only one. I remember the contract and I remember the wave of Republicans into office. It still doesn’t change the fact that Bill did speak about and work for the balance. Perhaps, if given everything he wanted, he wouldn’t have balanced the budget. Clinton was a master of trying to make everything work for him.
Incidentally, if we believe this formula, we really need a liberal in the white house with a conservative congress. Perhaps, Coulter is right about Clinton being better than McCain.
My point is that Bush should have been able to accomplish so much more. It is not that Clinton was a good guy. Sadly, Bush has ended up being the worst President as far as the budget and spending have been concerned.
To: Lord_Calvinus; rurgan; Just mythoughts
Throwing numbers around doesn't make sense with out context. As you can see our debt to gross domestic product hovers in the low to mid 60% range over time. It is also noticeable that 2000-2002 were significantly lower, indicating the results of the former dot-com boom and the effects of 9/11. But the real thing to notice is that Bush's highest ratio is 65% and it only occurred one time while Clinton, my, my, my, had 66-68% for six of his eight years in office.
Links to government sites where I got this information:
http://www.treasurydirect.gov/govt/reports/pd/mspd/mspd.htm
http://www.bea.gov/national/nipaweb/TableView.asp#Mid
To: FreeInWV
How is this listing ranked anyway? China with 363 trillion is ranked #1 and the United States with 747 trillion is ranked #163?
To: Lord_Calvinus
You are wrong. Clinton did nothing to reduce federal spending. In fact spending increased at least by 50% or 1/2 a trillion dollars during Clinton’s term.
The reason the budget balanced for only 2 of clinton’s 8 years was a FLUKE. The dot com bubble created a huge economy that wasn’t really real. all these temporary businesses did pay taxes with increased revenues to the government. In addition oil was $10 per barrel and gasoline was under a dollar during that time which helped the economy which further increased revenues to the government . this is why it balanced. Clinton didn’t have any thing to do with the low oil or the dot com bubble or the internet growth.
Federal spending increases during the Clinton 1990’s in million of dollars:
1990 1,253,130
1995 1,515,884
2000 1,789,216
So you see from these figures that Clinton increased spending almost by one half a trillion dollars.
proof:
http://www.infoplease.com/ipa/A0104753.html
26
posted on
02/26/2008 10:15:49 AM PST
by
rurgan
(socialism doesn't work. Government is the problem not the solution to our problems.)
To: rurgan
WHERE did I ever claim that Clinton tried to reduce federal spending? I simply made the statement that Clinton balanced the budget. I also made the statement that we might not agree with how he went about it. And, NO, it is never a fluke. You do have to present something that tries to do it, even if you are being heavily influenced by others.
Bush hasn’t even tried. He took 2 surplus years and turned it into a free for all spending cycle.
BTW, what is Bush’s federal spending for last year: 2.8 or some such ridiculous amount. My point, which I will repeat, perhaps more colorful this time: Bush is a raving drunken Kennedy when it comes to fiscal responsibility.
To: HawaiianGecko
The debt to GDP ration is simply indicative that it should have been much easier for Bush to balance a budget or (gasp) have a surplus than Clinton. It is also a reflection of how Clinton did it: by stifling the economy with taxes.
Bush did the RIGHT thing by following Reagan: lower taxes. However, he did the wrong thing by not controlling spending.
To: FreeInWV
And the Big O wants to GIVE AWAY 845 Billion to foreign nations! He wants to dismantle our military!He wants to suck the “rich” (meaning folks who work for what they have & save & invest) dry to give away the $$ to those “less fortunate”!
And people thinks he is a solution???
He is a gigantic train wreck ready to happen on DAY ONE of his presidency!
God have mercy on us ALL!
29
posted on
02/26/2008 10:57:50 AM PST
by
texson66
("Tyranny is yielding to the lust of the governing." - Lord Moulton)
To: HawaiianGecko
“How is this listing ranked anyway?”
You missed the minus signs in the higher numbered rankings.
30
posted on
02/26/2008 11:32:31 AM PST
by
FreeInWV
To: HawaiianGecko
And you might note that, although this is supposed to be a "balance" so you would think it would sum to ZERO, it actually sums to about MINUS 300 Billion -- so the world runs a trade deficit with itself!
Actually, I think the techinical reason is that imports are counted WITH freight (at the port of entry), and the exports are counted without freight (and insurance, etc) at the port of departure!
To: Lord_Calvinus
I agree that Bush could have done better, but he also had 9/11, 2 wars, an inherited recession, Katrina and Rita, and the Homeland security branch of government was formed on his watch. Remember the hurricanes? How much was sent to New Orleans that they can't even account for? How many trailers are rotting in fields now? How much was given to people that committed fraud and didn't even live in the area and they are trying to get their money back now? But what if Bush said "No, I'm not sending any money to help"?
The thing to remember is no matter who is president, the wasteful money is hardly the problem. Its entitlements. If you just said, “No earmarks, no spending, nada nothing”, you might save $18-25 billion. Nat Defense, Social Security, and Medicaid is about 85% of the money. The other money is mostly for running the government like BLM and other bureaucracies. Which one do you think you could get cut? Saving a few million on a bridge to nowhere is a noble thing, but really a drop in the bucket for the coming problem in baby boomers retiring.
Bush made some mistakes, but Clinton had a party compared to what Bush has been through. The available money to cut is minuscule compared to what must go out, day in and day out. You won't get any votes from either party to cut $5 from Social Security or Medicare. Which weapons system would you cut during a wartime? We can't even get illegals cut off of Social Security. We had to burn up the phones to get illegals off the stupid Stimulus Package, and I bet they still get it.
Bush's mistakes were the pharma bill, throwing money at Katrina without limits, and not vetoing some of the Republican earmarks when he had the chance. Other than those, he's pretty limited. If Louisiana wanted $100 billion and he said $50 bill, he would have been impeached. Now we know most of the money was not needed, but who has the time to check every applicant to make sure they lived in the storm area if you have the Dems breathing down your neck?
32
posted on
02/26/2008 12:20:45 PM PST
by
chuckles
To: FreeInWV
would you want to have china’s government and its bank, or america’s government and its bank?
33
posted on
02/26/2008 12:25:23 PM PST
by
thefactor
(the innocent shall not suffer nor the guilty go free...)
To: FreeInWV
Thanks, it makes sense now. I'm surprised I didn't notice it was descending then ascending (absolute values that is). Still $747 billion doesn't appear to be much indebtedness. We could probably find that much money in the cracks of the sofas and stuffed in the mattresses of Bill Gates & Warren Buffet. Then again it is about $2,500 per man, woman and child in America.
To: chuckles
Entitlements didn’t grow that much from 1.7 and a balanced budget to 2.7 + 400 billion in deficit in 8 years. And, if they did, then we have only 1 man to blame for that for not having the balls to just say no. As far as the other problems, they could have easily been handled from surplus by holding spending increases to reasonable limits.
But, no, Bush rarely said no to spending of any kind.
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