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Friday 24 September 2010

WORLD'S RICHEST GOVERNMENTS

World's Richest Governments !!!

World's Richest Governments !!!

Interesting attachment for those who are financially inclined to get a better perspective on the world's economies

We know the world's richest man is Carlos Slim Helu of Mexico, followed by Bill Gates and Warren Buffet of USA . How about governments? Which countries’ government is the richest (having most money that is, in US $) If you are expecting North American and European nations, you might be disappointed. While the countries 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 $150bn if asked to without resorting to borrowing. To date the US government has borrowed $14 trillion! The UK , likewise, while the country/people are rich, the government isn't. The UK government’s debt stands at $9 trillion now. World’s Richest Government

Richest governments after 2008-2009 financial crisis: Image

1. China National reserves: $2,454,300 Million.

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2. Japan National reserves: $1,019,000 Million.

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3. Russia National reserves: $458,020 Million. Image

4. Saudi Arabia National reserves: $395,467 Million.

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5. Taiwan National reserves: $362,380 Million. Image

6. India National reserves: $279,422 Million.

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7. South Korea National reserves: $274,220 Million.

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8. Switzerland National reserves: $262,000 Million.

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9. Hong Kong , China National reserves: $256,000 Million.

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10. Brazil National reserves: $255,000 Million.

Here are the rest, in Million US $: 011 Singapore / 203,436 012 Germany / 189,100 013 Thailand / 150,000 014 Algeria / 149,000 015 France / 140,848 016 Italy / 133,104 017 United States / 124,176 018 Mexico / 100,096 019 Iran / 96,560 020 Malaysia / 96,100 021 Poland / 85,232 022 Libya / 79,000 023 Denmark / 76,315 024 Turkey / 71,859 025 Indonesia / 69,730 026 United Kingdom / 69,091 027 Israel / 62,490 028 Canada / 57,392 029 Norway / 49,223 030 Iraq / 48,779 031 Argentina / 48,778 032 Philippines / 47,650 033 Sweden / 46,631 034 United Arab Emirates / 45,000 035 Hungary / 44,591 036 Romania / 44,056 037 Nigeria / 40,480 038 Czech Republic / 40,151 039 Australia / 39,454 040 Lebanon / 38,600 041 Netherlands / 38,372 042 South Africa / 38,283 043 Peru / 37,108 044 Egypt / 35,223 045 Venezuela / 31,925 046 Ukraine / 28,837 047 Spain / 28,195 048 Colombia / 25,141 049 Chile / 24,921 050 Belgium / 24,130 051 Brunei / 22,000 052 Morocco / 21,873 053 Vietnam / 17,500 054 Macau / 18,730 055 Kazakhstan / 27,549 056 Kuwait / 19,420 057 Angola / 19,400 058 Austria / 18,079 059 Serbia / 17,357 060 Pakistan / 16,770 061 New Zealand / 16,570 062 Bulgaria / 16,497 063 Ireland / 16,229 063 Portugal / 16,254 064 Croatia / 13,720 065 Jordan / 12,180 066 Finland / 11,085 067 Bangladesh / 10,550 068 Botswana / 10,000 069 Tunisia / 9,709 070 Azerbaijan / 9,316 071 Bolivia / 8,585 072 Trinidad and Tobago / 8,100 073 Yemen / 7,400 074 Uruguay / 8,104 075 Oman / 7,004 076 Latvia / 6,820 077 Lithuania / 6,438 078 Qatar / 6,368 079 Cyprus / 6,176 080 Belarus / 6,074 081 Syria / 6,039 082 Uzbekistan / 5,600 083 Luxembourg / 5,337 084 Guatemala / 5,496 085 Greece / 5,207 086 Bosnia and Herzegovina / 5,151 087 Cuba / 4,247 088 Costa Rica / 4,113 089 Equatorial Guinea / 3,928 090 Ecuador / 3,913 091 Iceland / 3,823 092 Paraguay / 3,731 093 Turkmenistan / 3,644 094 Estonia / 3,583 095 Malta / 3,522 096 Myanmar / 3,500 097 Bahrain / 3,474 098 Kenya / 3,260 099 Ghana / 2,837 100 El Salvador / 2,845 101 Sri Lanka / 2,600 102 Cambodia / 2,522 103 Côte 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 São Tomé and Príncipe / 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. China’s gov't overspent $110bn last year, much on 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 bankrupted. Greece 's Debts Is 113.40% GDP, In Danger As It Is Not Considered A Strong Industrial Or Financial Country. Iceland Is 107.60%, Also In Crisis As It Is Not So Strong Industrial Or Financially. Singapore Debts 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% Japan Debts Is 189.30%, Still Under Radar As A Powerful Industrial Nation. It Needs To Panic Only At Around 200% US Has The World Largest Debts, But It Is Only 62% Its GDP, It Is Not In Any Immediate Danger Of Bankruptcy. Zimbabwe Debts Is 282.60% GDP, It Is A Bankrupted Nation. Malaysia Debts Is Currently At 53.70% GDP. Hong Kong And Taiwan Is 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 (I.E. 0%) – Brunei, Liechtenstein , Palau , Nieu, And Macau Of China

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