We know the world's richest man is Carlos Slim Helu of Mexico,
How about governments?
Which government is the richest (having most money that is, in US$)?
If you are expecting North American and European nations, wrong .........
While the countries may 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 US$150bn if asked to now without resorting to borrowing.)
To date the US government has borrowed $14.5 trillion!
The UK government's debt stands at $9 trillion now!
National reserves: $2,454,300,000,000
National reserves: $1,019,000,000,000
3.Russia
National reserves: $458,020,000,000
National reserves: $395,467,000,000
5. Taiwan (ROC)
National reserves: $362,380,000,000
6. India
National reserves: $279,422,000,000
7. South Korea
National reserves: $274,220,000,000
National reserves: $262,000,000,000
National reserves: $256,000,000,000
10. Brazil
National reserves: $255,000,000,000
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
27 Israel / 62,490
30 Iraq / 48,779
32 Philippines / 47,650
36 Romania / 44,056
39 Australia / 39,454
44 Egypt / 35,223
48 Colombia / 25,141
52 Morocco / 21,873
56 Kuwait / 19,420
59 Serbia / 17,357
64 Croatia / 13,720
71 Bolivia / 8,585
73 Yemen / 7,400
135 Barbados / 620
137 Rwanda / 511
139 Togo / 363
156 Eritrea / 22
Big national reserves doesn'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. The PRC overspent $110bn last year, much of it towards modernizing their military, if it goes on like this their reserves can only last for 22 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 68 yrs.
The Swiss gov't 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, debts over 250% 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, as we already know.
Hong Kong and Taiwan are doing pretty good with debts at 32-37% GDP.
There are only 5 countries with no debt, and are all comparatively small:
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