This entry records the cumulatiive total of all government borrowings less repayments that are denominated in a country's home currency. Public debt should not be confused with external debt, which reflects the foreign currency liabilities of both the private and public sector and must be financed out of foreign exchange earnings.
DEFINITION: This entry records the cumulatiive total of all government borrowings less repayments that are denominated in a country's home currency. Public debt should not be confused with external debt, which reflects the foreign currency liabilities of both the private and public sector and must be financed out of foreign exchange earnings.
Hello, This is an interesting site with a staggering amount of information. My only real concern is that the data defined and listed under the categories might not be a true reflection of the category name. Read the definitions carefully before you make any assumptions from the data.
Laupi 12th July 2010
I think everyone is getting confused about PUBLIC SECTOR debt in their commentary...
Frayser 27th April 2010
I would rather have a slow economy then to pay interest atleast the people will not be enslaved for the rest if their lives that's probably why interest is forbidden i think that interest was invented by the devil him self! We are basicly all slaves. Why is is that a builder builds though out his 45 year career the eqvilient of around 670 homes on his own but is in debt for his small house for his entire life? Isn't that slavery?
Private 021 19th April 2010
The list is crazy, China doesn't have debt to the world
Milly 7th March 2010
Pie is delicious but i dont see the connection to this topic unfortunatly .
tklung 25th January 2010
I dont put alot of trust in these numbers as Norway is number 13 on the list. Norway has net negative debt = positive financial assets mainly because of huge oil wealth.
James Smith 8th June 2009
namoq 11th May 2009
There are also economic basketcases down the bottom like Ukraine and Equatorial Guinea. These countries may not have much to mortgage
namu 11th May 2009
The top countries in this list, Japan, Zimbabwe are having economic troubles. Japan has suffered a long recession but also has a lot of value to their economy so they can mortgage quite heavily and need to stimulate the economy. Zimbabwe I would assume has had their currency devalue. In reality they have no capacity to repay this.
namic 11th May 2009
I hope that Islamic nations become more prosperous and reevaluate their attitude toward debt. Carrying some level of debt greatly encourages the economy
namoq 11th May 2009
Notice that Chile, a South American economic success story, is near the bottom of the league table of public debt. And Botswana, the example of African nations is the second lowest African nation