World's Richest Government‏s

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

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.

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World's 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$:

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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

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Big national reserves don'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 for 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. With debts over 250% its GDP the country is bankrupt.

Greece's debt 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 Bankrupt Nation.

Malaysia Debts Is Currently At 53.70% GDP.

Hong Kong And Taiwan Are 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.

(Courtesy of forwarded mail from Chan Chun Mun)