Business

Which country is best run financially?

32 Comments 30 September 2010

debt

With so many countries experiencing challenges within their economies, and money in such turmoil, you have to wonder are there any countries performing well with their financial books.

The U.S. boasts of a $13 trillion debt.  How does that make you Americans feel? In 2009, this was ~40% of the GDP.  Let’s put that into reality.  If the U.S. was a single working man making $50,000 a year, he would have $20,000 in debt.  Not good by any stretch.  But let’s compare to a few other countries.

  • Luxembourg’s debt stands at ~15% of their GDP
  • Singapore sits at ~118% of their GDP
  • Kuwait’s debt stands at ~8% of the GDP
  • Norway stands at ~60% of the GDP
  • Equatorial Guinea’s debt stands at ~1.1% of their GDP

Although, some countries classify their debt differently, these measures were conducted according to US measurement by the Economic Group.  According to the sales and exports of these countries, which seems to hold their own financially.

Which country is the best run financially?

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