We
started to hear about the “global economic slow-down in 2015 and its arrival in
2019 is obvious. Countries with growth in GDP included the US, China, Japan and
others, but in Europe and other countries, 2019 GDP is lower than 2018.
In
2019, Debt to GDP hits a record with Malta at 879%, Cyprus 597%, Netherlands
522%, Singapore 453% and France 313%,
The
data below lists projected GDP for 228 countries and includes the % of
Spending/GDP and their Debt to GDP. In 2018, Japan was the only country with over
200% Debt to GDP. In 2019 we had 40
countries with Debt to GDP at 100% or over and Japan reduced its Debt to GDP to
74%.
Most
countries took advantage of low interest rates to build infrastructure they
hope will attract more prosperity, but families need to use the low interest
rates to become property owners.
Government
taxing, spending and borrowing are at an all-time high and needs to be reduced
to give families a break. Half
of government spending is wasted on unneeded government expansion, bureaucracy
and government abuse.
The
data below includes Nominal GDP for 2018 and 2019, % of government spending in
2019 divided by GDP and % Debt divided by GDP in 2019.
2018 2019 2019 Spending
Country GDP GDP /GDP
Debt-GDP
US $20.513T $21.44T
32% 115%
China $13.457T $14.14T
26% 15%
Japan $5.070T $5.154T
37% 74%
Germany $4.029T $3.863T
30% 141%
India $2.690T $2.936T
25% 18%
France $2.795T $2.707T
52% 313%
UK $2.809T $2.744T
41% 213%
Italy $2.078T $1.989T
47% 124%
Canada $1.734T $1.731T
38% 115%
Brazil $1.909T
$1.847T 39% 30%
Russia $1.576T $1.638T
18% 40%
S
Korea $1.656T $1.630T
21% 27%
Spain $1.437T $1.398T 38%
167%
Australia $1.458T $1.376T 35%
126%
Mexico $1.199T $1.274T 25%
38%
Indonesia $1.005T $1.112T 14%
34%
Netherlands $910B
$902.4B 38% 522%
Saudi
Arabia $714B $779.3B 38%
31%
Turkey $784B $743.7B 26%
53%
Switzerland $709B
$715.4B 31% 269%
Taiwan $603B $586.1B 16%
33%
Sweden $555B $529.0B 51%
177%
Poland $549B $565.9B 18%
70%
Belgium $536B $517.6B 50%
265%
Thailand $490B $529.2B 20%
33%
Argentina $475B $445.5B 36%
66%
Austria $459B $447.7B 45%
167%
Norway $441B $417.6B 47%
169%
UAE $433B $405.8B 28%
59%
Iran $430B $458.5B 19%
2%
South
Africa $377B $358.8B 29%
48%
Israel $366B $387.7B 26%
26%
Ireland $366B $384.9B 23%
64%
Hong
Kong $360B $373.0B
17% 35%
Denmark $355B $347.2B 51%
163%
Malaysia $347B $365.3B 17%
75%
Singapore $347B $362.8B 16%
453%
Colombia $337B $327.9B 29%
43%
Philippines $332B
$356.8B 15% 25%
Pakistan $307B $284.2B 21%
36%
Chile $300B $294.2B 22%
66%
Bangladesh $286B
$317.5B 13% 12%
Finland $277B $269.7B 52%
196%
Egypt $249B $302.3B
18% 41%
Czech
R $245B $247.0B 34%
70%
Vietnam $241B $261.6B 27%
26%
Romania $239B $243.7B 27%
55%
Portugal $238B $236.4B 41%
216%
Iraq $231B $224.5B 34%
44%
Peru $229B $229.0B 29%
38%
Greece $218B $214.0B 46%
228%
New
Zealand $206B $204.7B 35%
100%
Algeria $188B $172.8B 41%
2%
Qatar $188B $191.9B 29%
102%
Kazakhstan $184B
$170.3B 20% 117%
Hungary $156B $170.4B 39%
121%
Kuwait $145B $137.6B 45%
43%
Ukraine $126B $150.4B 26%
122%
Morocco $118B $119.0B 26%
44%
Nigeria $115B $123.4B 18%
3%
Angola $115B $91.5B 49% 41%
Slovakia $107B $106.6B 36% 91%
Ecuador $107B $107.9B
35% 35%
Puerto
Rico $105B $99.9B
10% 164%
Cuba $99B $96.9B
63% 34%
Venezuela $96B
$70.2B 228% 23%
Sri
Lanka $93B $86.6B
19% 59%
Kenya $90B $98.6B
21% 26%
Ethiopia $84B $91.2B
16% 32%
Oman $82B $76.6B
42% 35%
Dominican
R $81B $89.5B
14% 36%
Guatemala $79B
$81.3B 12% 28%
Myanmar $72B $66.0B
17% 17%
Luxembourg $69B
$69.5B 39% 0%
Panama $66B $68.5B
20% 30%
Bulgaria $64B $66.3B
31% 66%
Uruguay $61B $59.9B
33% 50%
Croatia $60B
$60.7B 44% 87%
Belarus $60B $62.6B
36% 83%
Lebanon $57B $58.6B
27% 54%
Tanzania $56B $62.2B
15% 34%
Slovenia $55B $54.2B
39% 109%
Macau $54B $55.1B
19% 0%
Lithuania $52B $53.6B
40% 86%
Ghana $52B $67.1B
19% 50%
Costa
Rica $51B $61.0B
19% 43%
Serbia $50B $51.5B
33% 78%
Azerbaijan $46B
$47.2B 22% 20%
Ivory
Coast $46B $44.4B
20% 28%
Uzbekistan $43B
$60.5B 33% 24%
Turkmenistan $43B
$46.7B 10% 1%
Congo
DR $43B $49.0B
7% 0%
Bolivia $42B $42.4B
41% 19%
Paraguay $42B
$40.7B 14% 58%
Tunisia $42B $38.7B
30% 56%
Jordan $42B $44.2B
27% 28%
Libya $41B $33.0B
68% 9%
Bahrain $39B $38.2B
24% 66%
Cameroon $38B
$38.6B 18% 24%
Latvia $34B $35.1B
30% 147%
Sudan $33B $30.9B
43% 47%
N
Korea $32B $29.6B
11% 18%
Estonia $30B $31.0B
32% 91%
Yemen $29B
$29.9B 18% 21%
Nepal $29B $29.8B
30% 16%
Uganda $28B $30.7B
17% 24%
Iceland $27B $23.9B
41% 118%
El
Salvador $26B $26.9B
25% 56%
Zambia $26B
$23.9B 30% 45%
Cyprus $24B $24.3B
32% 597%
Honduras $24B $24.5B
21% 38%
Senegal $24B $23.9B
19% 42%
Cambodia $24B $26.7B
18% 49%
Trinidad $23B
$22.6B 35% 0%
PN
Guinea $21B $23.6B
20% 111%
Bosnia $20B $20.1B
40% 31%
Afghanistan $20B
$18.7B 36% 7%
Zimbabwe $19B $12.8B 38%
77%
Botswana $19B $18.7B 32%
10%
Laos $18B $19.1B 22%
87%
Georgia $17B $15.9B 31%
108%
Gabon $17B $16.9B 24%
35%
Mali $17B $17.6B 20%
26%
Jamaica $15B $15.7B 26%
122%
Albania $15B $15.4B
25% 73%
Mozambique $15B
$15.1B 24% 79%
Brunei $15B $12.5B 32%
0%
Malta $14B $14.9B
29% 879%
Namibia $14B $14.4B
33% 64%
Mauritius $14B $14.4B
23% 0%
Palestine $14B $14.6B
28% 17%
Burkina
Faso $14B $14.6B
23% 26%
Nicaragua $13B $12.5B
33% 83%
Eq
Guinea $13B $12.1B
28% 12%
Mongolia $13B $13.6B
27% 186%
Armenia $13B $13.4B
22% 94%
Bahamas $13B $12.7B
21% 194%
Guinea $12B $13.4B
14% 20%
N
Macedonia $12B $12.7B
29% 0%
Madagascar $12B
$12.6B 14% 41%
Moldova $11B $11.7B
26% 98%
Chad $11B $11.0B
14% 18%
R
Congo $11B $11.6B
29% 55%
Rwanda $10B $10.2B 22% 29%
Haiti $10B $8.8B 26%
24%
Benin $10B $14.4B
16% 26%
Niger $9B $9.4B 24%
36%
Kyrgyzstan $8B $8.2B 28%
120%
Kosovo $8B $8.0B
20% 0%
Malawi $7B $7.5B 22%
35%
Tajikistan $7B $8.2B 28%
35%
Montenegro $5B
$5.4B 36% 60%
Togo $5B $5.5B 31%
26%
Fiji $5B
$5.7B 30% 18%
Barbados $5B $5.2B 32%
100%
Mauritania $5B $5.7B 23%
76%
Virgin
Islands $4B $4.0B 39%
0%
Andorra $3B $3.2B 63%
0%
Greenland $2.7B
$2.7B 70% 2%
Eritria $2B $2.1B
124% 15%
Fr
Polynesia $281K $281K
651% 0%
Norb
Leahy, Dunwoody GA Tea Party Leader
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