Sunday, November 6, 2011

G-20 Government Debt to GDP ratio 2011, is it the main cause of global crisis?

After subprime mortgage crisis in America, we are now facing problem of high government debt risk in some G-20 member plus Euro countries.

Some analist say that the main cause is the politicians give generous subsidies to gain support from the community, and has been going on for many years.


Below is the list of G-20 members with estimated future gross government debt based on data released in September 2011 by the International Monetary Fund.


Greece has 166% ratio, and not included in G-20, but Greece is European Union member.


Is it the main cause of today global economic crisis? Actually there are many factors to determine whether debt of  certain country is safe or not. I let you to analyze it by yourself. 


Gross government debt in percent of GDP
NO
G-20 MEMBER
 Year 2011 %
1
 European Union
 n/a
2
 Japan
                    233
3
 Italy
                    121
4
 United States
                    100
5
 France
                       87
6
 Canada
                       84
7
 Germany
                       83
8
 United Kingdom
                       81
9
 Brazil
                       65
10
 India
                       62
11
 Argentina
                       43
12
 Mexico
                       43
13
 Turkey
                       40
14
 South Africa
                       36
15
 South Korea
                       32
16
 China
                       27
17
 Indonesia
                       25
18
 Australia
                       23
19
 Russia
                       12
20
 Saudi Arabia
                         7
Sorted by biggest percentage of Debt to GDP ratio

Source Wikipedia

No comments:

Post a Comment

Your positive comment will be highly appreciated to improve this site