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.
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.
There are also economic basketcases down the bottom like Ukraine and Equatorial Guinea. These countries may not have much to mortgage
namu 12th 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 12th 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 12th 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