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The World Map Of Debt

Tyler Durden's picture




 

What if we were to redraw the world map based on the sustainability of national debt levels?

 

Original graphic by: HowMuch.net

Countries that are smaller in size, but that have big debt loads, would stand out more. If we used debt-to-GDP as scaling criteria, Japan would become the largest country on our new map. Japan holds 19.99% of all global debt despite only having about 6% of the world’s economic production. The country’s debt-to-GDP ratio is 230%.

Greece and Italy, two medium-sized European countries, would be bigger than North America as a whole. That said, the United States does hold an extreme amount of debt itself, equal to an astounding 29.05% of global debt. It is just masked more because of the country’s significant GDP. We have also looked at the United States another way in the past, and by the measure of debt-to-revenue, the US has the 2nd largest debt burden in the world.

On the opposite side of the question, there are large countries that have less debt – they disappear from the map almost completely. Australia, a giant land mass, is reduced to a tiny island with its load of 29% debt-to-GDP. Nigeria shrinks to a tiny speck on the map with an 11% ratio.

Source: Visual Capitalist

 

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Wed, 10/07/2015 - 20:04 | 6642358 38BWD22
38BWD22's picture

 

 

Interesting map, kind of hard to see "actionable patterns" though.

Where's Peru?

Wed, 10/07/2015 - 20:37 | 6642438 Pinto Currency
Pinto Currency's picture

 

 

What about sustainability of total debt (Fed, state/provincial, municipal, corporate, consumer, etc.) and not just the 'national' or federal gov debt.

The world average is ~ 310% of GDP.

US is ~320%

UK is the worst at 510% of GDP.

Wed, 10/07/2015 - 20:38 | 6642463 old naughty
old naughty's picture

interesting map, thanks...

where is red, blue, and yellow? Guess no rainbow...

Wed, 10/07/2015 - 20:51 | 6642494 zaphod
zaphod's picture

To anyone who thinks that China's government debt is 41%, I have a bridge to sell you

Wed, 10/07/2015 - 20:58 | 6642526 novictim
novictim's picture

Yes, I saw that too. 

 

China owes multipes of its GDP.  Officially, its 2.6:1.  Unofficially it might be 5-8:1 debt to GDP.

Wed, 10/07/2015 - 22:03 | 6642677 jeff montanye
jeff montanye's picture

i don't think this was drawn correctly.  italy has a higher debt than cyprus and looks relatively smaller.

Thu, 10/08/2015 - 03:21 | 6643177 Occident Mortal
Occident Mortal's picture

Well sptted!

 

The map is drawn completey wrong.

 

If China has debt of 41% it should be scaled to 0.41, If Iceland has debt of 86% it should be scaled to 0.86.

 

This map suggests that in reality Iceland is half the size of China!

 

The more I look the more I see that the map is full of errors.

Thu, 10/08/2015 - 07:45 | 6643417 Nenad
Nenad's picture

Obama will not finish his second term! Banned independent documentary reveals the truth. This will scare millions! Current Events Linked to Ancient Biblical Prophecy!

http://motivationdose.com/is-america-babylon/

Thu, 10/08/2015 - 04:15 | 6643214 Rodders75
Rodders75's picture

Likewise Japan >500%

Wed, 10/07/2015 - 21:14 | 6642560 Superdave532
Superdave532's picture

I'll do 'em one better and sell them a whole city*!

 

 

 

*Occupants not supplied 

Wed, 10/07/2015 - 20:53 | 6642502 palmereldritch
palmereldritch's picture

You're looking for this guy

http://tinyurl.com/pgqh26d

Thu, 10/08/2015 - 00:18 | 6643003 Macon Richardson
Macon Richardson's picture

Peru is right there beside Andorra.

Wed, 10/07/2015 - 20:05 | 6642366 RaceToTheBottom
RaceToTheBottom's picture

Iceland is looking pretty big.

Must be sending those Banksters to the clink.

Wed, 10/07/2015 - 20:15 | 6642385 ejmoosa
ejmoosa's picture

More like "some of their total debt to a bogus GDP ratio"

Wed, 10/07/2015 - 20:16 | 6642392 Bastiat
Bastiat's picture

Russia 18%

Wed, 10/07/2015 - 20:21 | 6642403 malek
malek's picture

Remember all the "Russia will soon go bankrupt" calls here in the comment forum, a few quarters ago?

Wed, 10/07/2015 - 20:17 | 6642394 blindman
blindman's picture

statistics, a map and then
many questions. ah, life.

Thu, 10/08/2015 - 02:17 | 6643112 OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

A man, a plan, a canal: Panama

Wed, 10/07/2015 - 20:20 | 6642399 Irishcyclist
Irishcyclist's picture

If it wasn't for the double dutch sandwich, we'd been even more fucked here in Ireland.

Wed, 10/07/2015 - 20:21 | 6642407 CHoward
CHoward's picture

So debt is a good thing then - you become bigger!  Damn - better than a healthy diet.

Wed, 10/07/2015 - 20:22 | 6642408 Everyman
Everyman's picture

Where is China?   41% for real???

Wed, 10/07/2015 - 20:21 | 6642410 donkeyhaute
donkeyhaute's picture

this is nonsense.

everyone's debt and GDP data is bullshit.

Thu, 10/08/2015 - 09:52 | 6643984 Ex-MislTech
Ex-MislTech's picture

If you look back through a few decades of the government controlled media

in all nations you will find one undeniable truth, they lie a great deal.

 

We may never know the real numbers because the system is corrupt top

to bottom, side to side, far and wide.

 

It is a Baskin and Robbins of Bullshit, 31 flavors of it.

 

Just one sign of the epic looting by the Kleptocrats...

 

http://www.marketoracle.co.uk/Article40250.html

Wed, 10/07/2015 - 20:25 | 6642419 Atomizer
Atomizer's picture

Today's public service announcement from the IMF. 

Resource Curse. 

The Resource Curse

Wed, 10/07/2015 - 20:28 | 6642427 Atomizer
Atomizer's picture

Know it's not funny, but I have a warped sense of humor. ^^^ see above. 

Wed, 10/07/2015 - 20:36 | 6642456 blindman
blindman's picture

from perspective, where i sit,
it is all politically colored
accent lighting.

Wed, 10/07/2015 - 20:44 | 6642473 Goldilocks
Goldilocks's picture

Zero-sum game
https://en.wikipedia.org/wiki/Zero-sum_game

In game theory and economic theory, a zero-sum game is a mathematical representation of a situation in which each participant's gain (or loss) of utility is exactly balanced by the losses (or gains) of the utility of the other participant(s).

Thu, 10/08/2015 - 04:19 | 6643216 Rodders75
Rodders75's picture

Yeah, Krugman says every liability is someone else's asset. So everyone sleep easy, there is no looming debt crisis. Don't get your knickers in a twist. Just relax, the world isn't totally fucked. 

Wed, 10/07/2015 - 20:46 | 6642479 blindman
blindman's picture

post 1971 political power has
made debt indistinguishable from
money; add that to the above
and you have either figured it out
or learned nothing, either way.

Wed, 10/07/2015 - 20:49 | 6642487 Hohum
Hohum's picture

That's just goverment debt.  Is that the only debt that counts?

Wed, 10/07/2015 - 20:54 | 6642510 novictim
novictim's picture

Wow.  Those numbers are seriously wrong. China has an offical debt to GDP of 2.62 to 1 but likely a 5-8:1 ratio.

 

But the map says Chinese debt to GDP is 41% (0.4:1)?  Bullshit.

Wed, 10/07/2015 - 21:10 | 6642548 NeverForgetSilver
NeverForgetSilver's picture

Keep making things up. If China has that amount of debt what is the reason to hold $4 trillion in asset. It is 30% of their GDP of asset. I know some one is disappointed. 

Wed, 10/07/2015 - 22:36 | 6642778 tarabel
tarabel's picture

 

 

The Chinese Communist Party maintains a joint 401k/ bust fund  for the benefit of all its members. Clearly you have identified the money set aside for this purpose rather than those funds allocated for everything else. 

Wed, 10/07/2015 - 20:56 | 6642518 Vlad the Inhaler
Vlad the Inhaler's picture

Who cares about debt to GDP when the debt is held by all taxpayers but the bulk of GDP is going to the 1%?   Take a look at debt to revenue and then get back to us.

Wed, 10/07/2015 - 20:57 | 6642525 Atomizer
Atomizer's picture

Bring in the robots, you think ROI is bad now. Wait until you see the GDP books.

I think the robots will be skimming from you. It's your circus show, we'll just laugh for entertainment purposes. 

Wed, 10/07/2015 - 21:04 | 6642533 Goldilocks
Goldilocks's picture

looney tunes theme
http://www.youtube.com/watch?v=KC5XCX6Cgz8 (2:02)

Wed, 10/07/2015 - 21:21 | 6642575 Marco
Marco's picture

Debt in a fiat currency you can print is air. Natural resources, productive capital and human capital is the wealth of a nation.

Wed, 10/07/2015 - 21:28 | 6642595 factgasm
factgasm's picture

Indonesia looks in good health (if I'm reading this map correctly).

Wed, 10/07/2015 - 21:29 | 6642600 logicalman
logicalman's picture

Where on the map does it show to whom the debt is owed?

 

Wed, 10/07/2015 - 21:55 | 6642667 Dr. Bonzo
Dr. Bonzo's picture

China has printed an estimated $12 trillion or more since 2008... 41%? That's very clever.

 

Wed, 10/07/2015 - 22:14 | 6642709 ajkreider
ajkreider's picture

US is really only about 50%, once you take out GAS debt, and Fed balance sheet assets. Japan's debt is lower as well, for similar reasons.

Thu, 10/08/2015 - 02:56 | 6643153 fishwharf
fishwharf's picture

I don't see Israel on that map.  How is it possible for a tiny country with such a large military to have no debt?  Those Israelis must be some clever motherfuckers.

Thu, 10/08/2015 - 03:22 | 6643178 Seer
Seer's picture

Hm... Australia is OK?  Me thinks not.

Thu, 10/08/2015 - 03:44 | 6643191 Minburi
Minburi's picture

Can't Phlippines get credit?

Thu, 10/08/2015 - 05:26 | 6643263 Joe A
Joe A's picture

They should also make a map of private debt. Now that will be quite something. Planet Earth should be renamed to Planet Debt.

Thu, 10/08/2015 - 10:02 | 6644033 Ex-MislTech
Ex-MislTech's picture

Maybe planet offshore Kleptocrat ?

 

http://www.marketoracle.co.uk/Article40250.html

Thu, 10/08/2015 - 09:17 | 6643813 Itinerant
Itinerant's picture

You forgot Ukraine, which is getting the money from the IMF that Greece has to pay back, despite the fact that the Ukraine is much less likely than even Greece to ever pay anything back.

A more informative chart would scale to the ration of revenue to debt -- the USA would be one the of the biggest. After all, debt is sustained by revenues, not by turn-over.

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