The numbers that stand out the most, especially when comparing to the previous world economy graphic:Read more here.
The United States constitutes 23.3% of the world economy but 29.1% of world debt. It’s debt-to-GDP ratio is 103.4% using IMF figures.
Japan makes up only 6.18% of total economic production, but has amounted 19.99% of global debt.
China, the world’s second largest economy (and largest by other measures), accounts for 13.9% of production. They only have 6.25% of world debt and a debt-to-GDP ratio of 39.4%.
7 of the 15 countries with the most total debt are European. Together, excluding Russia, the European continent holds over 26% of total world debt.
Combining the debt of the United States, Japan, and Europe together accounts for 75% of total global debt.
This blog is looking for wisdom, to have and to share. It is also looking for other rare character traits like good humor, courage, and honor. It is not an easy road, because all of us fall short. But God is love, forgiveness and grace. Those who believe in Him and repent of their sins have the promise of His Holy Spirit to guide us and show us the Way.
Sunday, June 26, 2016
Which country has the most sovereign debt?
Jeff Desjardins brings us the answer in visual form at Visual Capitalist.
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