1125 Billionaires ($US), 3.25 Billion with $2

4 04 2009

There are 6.74 Billion people on the planet – according to census data gathered over the last ten years.
The global economy, or world GDP currently sits at an estimated 70.65 Trillion US dollars.

Let’s do some basic math…

:              6 740 000 000 human beings on the planet
: 70 650 000 000 000 dollars floating around the world today

In 2003, the world owed $5 Trillion ($5 000 000 000 000) in debt globally.

Where do you think the greatest debts are found? The media would lead us to believe that the poorest countries, in Africa, Asia and Latin America would be the culprits. But take a look at this map, provided by Jeremy at Make Wealth History:

Global Debt by Country

Global Debt by Country

The darker the colour, the more heavily indebted that country is.

External debt is made up of both personal and public debt – that is, credit cards and mortgages AND government loans. External debt is the total amount owed to someone OUTSIDE of the country.

When you look at global external debt, the results look like this:

Top Ten Countries by External Debt (October ’08)

  1. United States – $13,703,567 million
  2. United Kingdom – $10,450,000 million
  3. Germany – $4,489,000 million
  4. France – $4,396,000 million
  5. Netherlands – $2,277,000 million
  6. Ireland – $1,841,000 million
  7. Japan – $1,492,000 million
  8. Switzerland – $1,340,000 million
  9. Belgium – $1,313,000 million
  10. Spain – $1,313,000 million

Not exactly poor countries are they?

This compares to:

169. Equatorial New Guinea – $338 million
183. Fiji – $127 million
194. Kiribati – $10 million     …. side note: it is actually pronounced “Ki-ri-bas” according to this book (very funny read)
202. Palau – $0

– Sarah Topps

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One response

4 04 2009
On the Money

I think there’s a difference between us wealthy countries whose money is actually debt, and those countries whose debt is actually deprivation. But I know what you mean …

😎

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