"Andy F." <never.mind@[EMAIL PROTECTED]
> wrote:
>
>"jp1238" <Sholly.hit@[EMAIL PROTECTED]
> wrote in message
>news:adf47c41-28a6-48cf-bf69-e4ab9746e80d@[EMAIL PROTECTED]
>>
>> 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.
>
And as a general principle, those assets probably add to $54trillion,
assuming no extraterrestrial creditors. <g>
--
Alex -- Replace "nospam" with "mail" to reply by email. Checked
infrequently.
|
