[BITList] World's Richest Government

Thu Sep 30 01:08:46 BST 2010

    *World's Richest Government. . .
*

 Interesting attachment for those who are financially inclined to get a
better perspective on the world's economies

 We know the world's richest man is Carlos Slim Helu of Mexico,

 followed by Bill Gates and Warren Buffet of USA.

 How about governments?

 Which countries’ government is the richest (having most money that is, in
US$)

 If you are expecting North American and European nations, you might be
disappointed.

 While the countries 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 $150bn if asked to now without
resorting to borrowing.

 To date the US government has borrowed $14 trillion!

 The UK, likewise, while the country/people are rich, the government isn't.

 The UK government’s debt stands at $9 trillion now.

 *World’s Richest Government
*

 Richest governments after 2008-2009 financial crisis:

 *1. 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
*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$:

 11 Singapore / 203,436
 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.

 China’s government overspent $110bn last year, much on it towards
modernizing their military, if it goes on like this their reserves can only
last for 22 yrs.

 The Malaysian government 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 government 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 bankrupted.

 *Greece*'s Debts Is *113.40%* GDP, In Danger As It Is Not Considered A
Strong Industrial Or Financial Country.

 *Iceland* Is *107.60%*, Also In Crisis As It Is Not So Strong Industrial Or
Financially.

 *Singapore* Debts 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* Debts Is *189.30%*, Still Under Radar As A Powerful Industrial
Nation. It Needs To Panic Only At Around 200%

 *US* Has The World Largest Debts, But It Is Only *62%* Its GDP, It Is Not
In Any Immediate Danger Of Bankruptcy.

 *Zimbabwe* Debts Is *282.60%* GDP, It Is A Bankrupted Nation.

 *Malaysia* Debts Is Currently At *53.70%* GDP.

 *Hong Kong* And *Taiwan* Is 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 (i.e. 0%) –

*Brunei**, Liechtenstein, Palau, Nieu*, And *Macau* Of China.
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