Re: Debt - External ???
- From: alexy <nospam@xxxxxxxxx>
- Date: Tue, 18 Mar 2008 07:35:34 -0400
"Andy F." <never.mind@xxxxxxxxx> wrote:
And as a general principle, those assets probably add to $54trillion,
"jp1238" <Sholly.hit@xxxxxxxxx> wrote in message
news:adf47c41-28a6-48cf-bf69-e4ab9746e80d@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
On the CIA Factbook site, one can find, for each country, something
called 'Debt External'. I can't figure out what it really is? Here is
the world's ranking for 'Debt External':
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2079rank.html
1 - if it's an 'external debt', it's funny to notice that the earth
has an 'external debt' of $54 trillion ... to whom ??? :)
2 - my country - Belgium - has a 'Debt External' of $1.3 trillion,
it's 4+ time it's GDP. The solution is not to run away to Switzerland,
it's worse there :)
My question is what is that 'Debt External' ?
JP
From 'Notes and Definitions' at the same site:
"This entry gives the total public and private debt owed to nonresidents
repayable in foreign currency, goods, or services."
The figures only include debts, not assets. There's an unknown amount -
which could be more or less than $1.3 trillion - owed by foreigners to
people in Belgium.
assuming no extraterrestrial creditors. <g>
--
Alex -- Replace "nospam" with "mail" to reply by email. Checked infrequently.
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