World's richest governments

World's richest governments

matubara

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Received: Thursday, January 26, 2012, 4:50 AM


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[URL="http://xqno.com/binb"]
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: -








http://xqno.com/binb




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 $:




http://groups.yahoo.com/group/babes_in_blue11 Singapore / 203,436




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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 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. 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.




Iceland’s debt is 107.60% GDP, also in crisis as it is not so strong industrially or financially.




Singapore’s 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%.




Japan’s 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.




Zimbabwe’s debt is 282.60% GDP, it is a kaput nation.




Malaysia’s 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 )\














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I wonder why uganda is not in the list or?
 
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