Global national debt.

[Ihavenojob]

Apparently there are 5 countries who are not in debt, if every other country in the world is in debt, do they owe the money to those 5? If not, who do they owe the money to?

 

[MNW67]

Mainly to their own citizens through pension funds etc. buying government bonds.

 

[motorbiking]

and printing money.

 

[ellal]

National debt to GDP is an interesting thing...

When the tories came into power last time around it was around 60%, having been at an almost historical low under the previous labour administration...

And upon leaving office the tories left the country with a debt nudging 100%

That note saying there is no money left now pales into insignificance as to what the tories have done to UK since 2010!

 

[Vinty]

Getting wiped out at the last election has done the Tories a favour.
They didn't want to be in power when the **** hits the fan .
They have handed all the accumulated crap to Labour, if it all falls apart , then Labour will take the blame.

 

[Sunshine32]

Are the five countries not in debt, oil and gas rich?

 

[noseall]

Getting wiped out at the last election has done the Tories a favour.
They didn't want to be in power when the **** hits the fan .
They have handed all the accumulated crap to Labour, if it all falls apart , then Labour will take the blame.

The speed and timing of the last GE would suggest there is some truth in that. He even did it in the pouring rain to get the point across.

 

[Ihavenojob]

Are the five countries not in debt, oil and gas rich?

Tourism seems to be a thing, but not totally. All seem to have fairly low population.

Which Countries Are Not In Debt? A Look At The World's Economies With No National Debt - National Credit Foundation

Discover the surprising truth: Which countries have ZERO national debt? Financially savvy or just plain lucky? Uncover the secrets of the world's most debt-free economies now!

nationalcreditfoundation.org

 

[Nwgs2]

So that’s where all the Ukrainian money went.

 

[Notch7]

So that’s where all the Ukrainian money went.

Boring conspiracy theory

 

[Notch7]

It’s not a particularly useful statistic, those countries aren’t really representative of most Western economies.

For various / differing reasons Norway, Russia, Singapore, New Zealand are probably more interesting in terms of economy and size of debt.

Norway for example does have national debt but it doesn’t have to borrow because of its sovereign wealth.

Russia has pretty low national debt, but it’s economy is vulnerable because it can get much borrowing

 

[Notch7]

One of the countries that has no national debt is Lichtenstein…..it’s a country which is the worlds largest exporter of a particular product, can anybody guess what it is without googling

 

[MNW67]

it’s a country which is the worlds largest exporter of a particular product, can anybody guess what it is without googling

Bull semen?

 

[carmanmemoranda]

One of the countries that has no national debt is Lichtenstein…..it’s a country which is the worlds largest exporter of a particular product, can anybody guess what it is without googling

false teeth

 

[big-all]

tax haven ??