World's richest governments

matubara · 2012-11-05T17:40:12+00:00

Received: Thursday, January 26, 2012, 4:50 AM World's Richest Governments We know the world's richest man is Carlos Slim Helu of Mexico, after the two richest men in the world, Bill Gates and Warren Buffet gave away most of their fortune to charity. You'll have to check with Forbes for the rest. How about governments? Which government is the richest (having most money that is, in US$)? If you are expecting North American and European nations, wrong ......... While the countries may 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 US$150bn if asked to now without resorting to borrowing.) To date the US government has borrowed $14.5 trillion! The UK , likewise, while the country/people are well off, the government isn't. The UK government's debt stands at $9 trillion now! The World's Richest Governments immediately after the 2008-2009 financial crisis are: - 1. P R of 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 (ROC) 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 $: 11 Singapore / 203,436 e 12 Germany / 189,100 13 Thailand / 150,000 14 Algeria / 149,000 15 France / 140,848 16 Italy / 133,104 17 United States / 124,176 18 Mexico / 100,096 19 Iran / 96,560 20 Malaysia / 96,100 21 Poland / 85,232 22 Libya / 79,000 23 Denmark / 76,315 24 Turkey / 71,859 25 Indonesia / 69,730 26 United Kingdom / 69,091 27 Israel / 62,490 28 Canada / 57,392 29 Norway / 49,223 30 Iraq / 48,779 31 Argentina / 48,778 32 Philippines / 47,650 33 Sweden / 46,631 34 United Arab Emirates / 45,000 35 Hungary / 44,591 36 Romania / 44,056 37 Nigeria / 40,480 38 Czech Republic / 40,151 39 Australia / 39,454 40 Lebanon / 38,600 41 Netherlands / 38,372 42 South Africa / 38,283 43 Peru / 37,108 44 Egypt / 35,223 45 Venezuela / 31,925 46 Ukraine / 28,837 47 Spain / 28,195 48 Colombia / 25,141 49 Chile / 24,921 50 Belgium / 24,130 51 Brunei / 22,000 52 Morocco / 21,873 53 Vietnam / 17,500 54 Macau / 18,730 55 Kazakhstan / 27,549 56 Kuwait / 19,420 57 Angola / 19,400 58 Austria / 18,079 59 Serbia / 17,357 60 Pakistan / 16,770 61 New Zealand / 16,570 62 Bulgaria / 16,497 63 Ireland / 16,229 63 Portugal / 16,254 64 Croatia / 13,720 65 Jordan / 12,180 66 Finland / 11,085 67 Bangladesh / 10,550 68 Botswana / 10,000 69 Tunisia / 9,709 70 Azerbaijan / 9,316 71 Bolivia / 8,585 72 Trinidad and Tobago / 8,100 73 Yemen / 7,400 74 Uruguay / 8,104 75 Oman / 7,004 76 Latvia / 6,820 77 Lithuania / 6,438 78 Qatar / 6,368 79 Cyprus / 6,176 80 Belarus / 6,074 81 Syria / 6,039 82 Uzbekistan / 5,600 83 Luxembourg / 5,337 84 Guatemala / 5,496 85 Greece / 5,207 86 Bosnia and Herzegovina / 5,151 87 Cuba / 4,247 88 Costa Rica / 4,113 89 Equatorial Guinea / 3,928 90 Ecuador / 3,913 91 Iceland / 3,823 92 Paraguay / 3,731 93 Turkmenistan / 3,644 94 Estonia / 3,583 95 Malta / 3,522 96 Myanmar / 3,500 97 Bahrain / 3,474 98 Kenya / 3,260 99 Ghana / 2,837 100 El Salvador / 2,845 101 Sri Lanka / 2,600 102 Cambodia / 2,522 103 CÃ´te 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 SÃ£o TomÃ© 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. The PRC overspent $110bn last year, much of 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 bankrupt. Greece's debt is 113.40% GDP, in danger as it is not considered a strong industrial or financial country, as we already know. Icelandâs debt is 107.60% GDP, also in crisis as it is not so strong industrially or financially. Singaporeâs debt 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%. Japanâs debt is 189.30%, still under radar as a powerful Industrial nation. It needs to panic only at around 200%. The US has the world largest debt, but it is only 62% of its GDP, it is not in any immediate danger of bankruptcy. Zimbabweâs debt is 282.60% GDP, it is a kaput nation. Malaysiaâs debt is currently At 53.70% GDP.... would have been much better if not for billions wasted thru corruption and mismanagement by UMNO. Hong Kong and Taiwan are 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, and are all comparatively small: Brunei, Liechtenstein , Palau , Nieu, and Macau ( China )\

Thread starter matubara
Start date Nov 5, 2012

matubara

JF-Expert Member

Nov 5, 2012

matubara

JF-Expert Member

Nov 5, 2012

Thread starter
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