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TOP 10…Let´s start counting down.

10 MOST INDEBTED COUNTRIES IN THE WORLD

World public debts grow every minute, but at the moment this text was written it was precisely 45.719.470.211.534 dollars. But every second it grows for couple of millions! Unthinkable large amount of money, that states spent burdens every man in this world with 6.525 dollars, and to repay it people should work eight months and without spending a single cent for other purposes.

Most indebted countries are not countries of the “Third world”, in absolute or in percentage amount. Surprisingly, those are some completely other countries, which are not seen by average citizen in the list of problematic countries. In absolute amount United States are debtor number one and in this moment they owe unthinkable 11.91 thousand billions of dollars. Even though it is one of COUNTRIES WITH GREATES DEPOSITS OF GOLD and high manufacture rate, debt exceeded 75 percent of GDP, and each of 371 million Americans are indebted with 38 thousand dollar as soon as they are born. Compared to social gross product Japan is worst off, with a debt that exceeds 230 percent of GDP. Only Japan and America are responsible for half of world debt. Japanese should work two full weeks without any expenditures and they still would not pay off their debt, because every Japanese owes 87,6 thousand dollars. Canada does not have such a large debt, but average Canadian is in a bigger jam that American. He has to pay off almost 40.000 dollars of debt, which is created by his state and mostly in the past than years. Asian giant Singapore is indebted to high heaven. In absolute meaning we are talking about only 230 billions of dollars, but with few residents, the debt jumped to almost 43 thousand per resident. Great China can rest easy because she is the owner of a debt, not the indebted. It has only 1.2 billion dollars of debt, which on 1.3 billion residents comes out to 980 dollars per resident. They can earn that in a month. Russia, as one of world economic forces, does not have a lot of debt. It is saved by RICH SOURCES OF OIL and natural gas so its residents don’t need to be afraid of IMF. The debt is less than 10 percent of annual GDP and comes out to barely 177 billions of dollars, and every Russian owes only 1.253 dollars.

10IRELAND

GDP: $ 204.7 billion, Public Debt 105% GDP

09PORTUGAL

GDP: $ 210.6 billion, Public Debt 107% GDP

08BARBADOS

GDP: $ 4.5 billion, Public Debt 117% GDP

07ITALY

GDP: $ 1.980 billion, Public Debt 120% GDP

06LEBANON

GDP: $ 3.1 billion, Public Debt 134% GDP

05JAMAICA

GDP: $ 41.8 billion, Public Debt 136% GDP

04ST. KITTS AND NEVIS

GDP: $ 15.3 billion, Public Debt 139% GDP

03ST. KITTS AND NEVIS

GDP: $ 0.7 billion, Public Debt 153% GDP

02GREECE

GDP: $ 255.0 billion, Public Debt 163% GDP

01JAPAN

GDP: $ 5.984billion, Public Debt 230% GDP
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